News
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MyCC initiates process to amend Competition Act 2010 to regulate M&As
PUTRAJAYA (March 31): The Malaysia Competition Commission (MyCC) has initiated the process to amend the Competition Act 2010 to give it the power to control mergers and…
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Covid-19: Malaysia logs 1,482 new cases as Selangor sees jump in infections
KUALA LUMPUR (March 31): Malaysia reported 1,482 new Covid-19 cases today – the second straight day with more than 1,000 new infections – raising cumulative…
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KLCI finishes down 2.22% as US bond yield surge dents sentiment
KUALA LUMPUR (March 31): The FBM KLCI closed down 35.68 points or 2.22% at 1,573.51 today, while the number of Bursa Malaysia decliners rose past…
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Top Glove dips to 10-month low, over RM5b market cap lost since Monday
KUALA LUMPUR (March 31): Top Glove Corp Bhd plunged to a 10-month low of RM4.45 today, as the forced labour issue it is facing in…
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CEO Jalil spends an estimated RM41.2 mil to raise stake in BCorp
KUALA LUMPUR (March 31): Berjaya Corp Bhd’s (BCorp) CEO Abdul Jalil Abdul Rasheed has bought an additional 66 million shares, raising his stake in the…
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Khazanah sells Silterra to DNex and China-based Equity Fund for RM273 mil cash
KUALA LUMPUR (March 31) : Dagang NeXchange Bhd (DNeX) has teamed up with Beijing Integrated Circuit Advanced Manufacturing and High-End Equipment Equity Investment Fund Center…
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EVENING 5: Five things you need to know today
EVENING 5: BNM: 2021 GDP growth likely on lower end Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know…
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Putrajaya needs to reinstate cabotage exemption for foreign vessels to repair undersea cables, says MyIX
KUALA LUMPUR (March 31): The Malaysia Internet Exchange (MyIX) has urged the Government to reinstate cabotage exemption for foreign vessels to conduct undersea cable repairs,…
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Biden plans US$2.25 tril spending, corporate tax hikes
Biden’s plan would increase the corporate income tax to 28% from 21%, and set a 21% minimum tax on global corporate earnings. WASHINGTON (March 31): President…
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Ta Win, Sapura, LBS Bina, Paragon Globe, Cypark Resources, MCE Holdings, Widad, Berjaya Corp, DNeX, Dancomech, Sunway and Boustead
KUALA LUMPUR (March 31) : Based on corporate announcements and news flow today, companies in focus on Thursday (April 1) may include: Ta Win Holdings…
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XE Market Analysis: Europe – Mar 30, 2021
The dollar rallied to a near five-month high on the measure of the narrow trade-weighted DXY index. The high is 93.02, with the DXY rising above 93.0 for the first time since the first week of last November. The dollar’s gains was concomitant with a vault higher in mid- to longer-dated Treasury yields, with the […]
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XE Market Analysis: North America – Mar 30, 2021
The dollar rallied to a near five-month high on the measure of the narrow trade-weighted DXY index. The high is 93.17, with the DXY rising above 93.0 today for the first time since the first week of last November. The dollar’s gains was concomitant with a vault higher in mid- to longer-dated Treasury yields, with […]
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XE Market Analysis: Asia – Mar 30, 2021
The Dollar was higher in N.Y. trade on Tuesday, taking the DXY to near five-month highs of 93.35, up from overnight lows of 92.90. Surging Treasury yields early in the session supported the USD, while a sharp increase in U.S. consumer confidence helped Dollar sentiment as well. Firmer yields weighed on Wall Street, though losses […]
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FTSE’s decision to retain Malaysia’s in WGBI is testament to country’s strong macroeconomic fundamentals, says MOF
KUALA LUMPUR (March 30): FTSE Russell’s decision to retain Malaysia’s membership in the FTSE World Government Bond Index (WGBI) is a testament to the soundness…
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EVENING 5: Five things you need to know today
EVENING 5: Govt lifts WFH policy on private sector Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1….
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Launch of TransKoM apt for cooperative movement transformation, says PM Muhyiddin
KUALA LUMPUR (March 30): A comprehensive transformation needs to be done on cooperative movement in the country to empower and strengthen its roles, so as…
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Analysts maintain 'sell' on AirAsia as recovery seen an uphill battle
KUALA LUMPUR (March 30): Ongoing travel restrictions and uncertainty over the Covid-19 situation are key concerns for analysts tracking low-cost carrier AirAsia Group Bhd when gauging…