Apollo’s US$5b bet on Yahoo aims to go beyond advertising
(May 4): Apollo Global Management Inc.’s $5 billion deal for Verizon Communications Inc.’s media unit will create a new entity dubbed Yahoo, and while the name is losing…
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Astro to be exclusive distributor of Disney+ Hotstar streaming service in Malaysia
KUALA LUMPUR (May 4): Astro Malaysia Holdings Bhd will be the exclusive distributor of the Disney+ Hotstar streaming service in Malaysia, which will be launched…
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Plantation counters see higher interest following rise in CPO prices
KUALA LUMPUR (May 4): Plantation counters on Bursa Malaysia demonstrated greater interest from investors this morning after crude palm oil (CPO) prices rallied even further. As of…
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CIMB Group’s first digital securities issuance
KUALA LUMPUR (May 4): Financial services provider CIMB Group Holdings Bhd’s indirect 50%-owned associate CGS-CIMB Securities (Singapore) Pte Ltd has issued its first debt instrument in…
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U.S. and Britain tell China and Russia: the West is not over yet
(May 4): The Group of Seven western democracies aims to court new allies to counter challenges from China and Russia without holding Beijing down and…
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MEF urges govt to delay review of minimum wages
KUALA LUMPUR (May 2): The Malaysian Employers Federation (MEF) has appealed to Prime Minister Tan Sri Muhyiddin Yassin to delay the review of minimum wages,…
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Asia off to slow start ahead of US data deluge
SYDNEY (May 3): Asian share markets got off to a slow start on Monday as holidays in China and Japan crimped volumes and investors awaited a…
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Astro, TM to announce partnerships with Disney+?
KUALA LUMPUR (May 3): Hot on the heels of news that Disney is pulling out its TV channels in Southeast Asia and Hong Kong, including…
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KLCI drops 0.31% amid spike in Covid-19 cases, slow regional markets
KUALA LUMPUR (May 3): The FBM KLCI dropped 0.31% in early trade amid a recent spike in Covid-19 cases, coupled with sluggish regional markets. At 9.05am, the…
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Ether hits US$3,000 as Bitcoin’s crypto dominance declines
(May 3): Bitcoin’s domination of total cryptocurrency market value is declining, suggesting room for more than one winner among digital tokens as the sector evolves. The…
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Malaysia’s PMI up at 53.9 in April, strongest expansion since July 2012 — IHS Markit
KUALA LUMPUR (May 3): Malaysia’s Purchasing Managers’ Index (PMI) rose to 53.9 in April, from 49.9 in March, the strongest expansion recorded since the survey…
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Equity outflow by foreign investors slowed to RM376.46m last week, says MIDF Research
KUALA LUMPUR (May 3): Foreign investors continued to be net sellers of local equities for the week ended April 30, which saw the outflow amounting to…
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After hitting record highs, Transocean slumps on profit taking
KUALA LUMPUR (May 3): Transocean Holdings Bhd is the biggest loser in early morning trade on Bursa Malaysia today after hitting an all-time high of RM4.80…
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1MDB-Tanore, SRC appeal trials on ice as one of Najib's lawyers quarantined
KUALA LUMPUR (May 3): Both the 1Malaysia Development Bhd (1MDB)-Tanore and SRC International Sdn Bhd trials involving former Prime Minister Datuk Seri Najib Abdul Razak…
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Analysts raise target price, earnings forecasts for MR DIY after 1Q profit beat expectations
KUALA LUMPUR (May 3): Some analysts have revised up their target prices (TPs) and earnings forecasts for MR DIY Group (M) Bhd after its profit for…
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