News

KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today, as the greenback retreated on concerns about the latest coronavirus variant and travel controls being imposed by various countries. Read full story

TOKYO: Nissan Motor Co announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, betting tighter carbon emission restrictions will spur demand for electric cars and hybrids. Read full story

SYDNEY: The Australian dollar recovered against the greenback on Monday after sliding last week as spooked investors scaled back bets of global monetary tightening on worries the Omicron coronavirus variant may be harder to combat with vaccines. Read full story

KUALA LUMPUR:  The ratings of Asia-Pacific (APAC) telecommunications companies (telcos) in emerging markets can tolerate increased deferred spectrum liabilities at current levels if these essential costs are the main driver of high debt or weaker leverage, Moody’s Investors Service said in a report. Read full story

KUALA LUMPUR: The FBM KLC pared losses as it entered midday with glove stocks helping to shore up the index, which had been pressured lower on concerns over global lockdowns resulting from the spread of a new Covid-19 variant. Read full story

KUALA LUMPUR: Malaysia’s exports surpassed the one trillion ringgit mark for the period of January to October 2021, up 25 per cent year-on-year (y-o-y), according to the Department of Statistics Malaysia (DOSM). Read full story

KUALA LUMPUR: Hong Leong Bank Bhd turned in a 17.7% jump in net profit to RM858.25mil in the first quarter of its financial year ending June 30, 2022, underpinned by topline growth, disciplined expense management, lower loan impairment allowances and robust associate contributions. Read full story

KUALA LUMPUR: Sime Darby Bhd’s net profit for the first quarter of its financial year ending June 30, 2022, dipped 16.01% to RM236mil from RM281mil in the previous corresponding quarter due to the impact of a slowdown in China’s construction activities on its industrial division. Read full story

KUALA LUMPUR: Main-Market-bound Aurelius Technologies Bhd plans to raise RM104.73mil in proceeds from its initial public offering (IPO) to fund its expansion plans and increase its working capital. Read full story

KUALA LUMPUR:  Axiata Group Bhd has formally committed to net zero by signing its commitment to Science Based Targets Initiative (SBTi) to reach the initiative target no later than 2050. Read full story