News

KUALA LUMPUR (Feb 25): Genting Bhd returned to the black in the fourth quarter ended Dec 31, 2020 (4QFY20) to RM24.98 million from a net…

KUALA LUMPUR (Feb 25): Hap Seng Consolidated Bhd recorded a lower net profit of RM750.18 million in the financial year ended Dec 31, 2020 (FY20),…

EVENING 5: EPF, Lim raise Top Glove stakes Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today. 1. Top…

(Feb 25): GameStop Corp soared in premaket trading Thursday, as retail investors revived the surge in Reddit-favourite stocks, putting it on pace to reap US$7.6…

The DXY was a bit choppy on Tuesday in N.Y., though inside a narrow trading band of 90.26 to 90.01 through the session after printing better than one-month lows of 89.94 in Asia. The USD revealed some safe-haven characteristics through the session, generally rising as Wall Street was hammered lower early on firmer yields and […]

The pound and the New Zealand dollar surged to fresh trend highs, which along with a side theme of yen weakness, provided the main action during Asian trading ahead of the London interbank open. Cable spiked by some 180 pips from yesterday’s New York closing level in posting a fresh 36-month high at 1.4234. The […]

The dollar has been trading mixed so far today, rising against an underperforming yen, holding steady against the euro while losing ground to dollar bloc, which were led higher by a charge in the New Zealand dollar, and the pound, which saw an outsized rally during the Asian session. The pound’s gains were notable, with […]

KUALA LUMPUR (Feb 24): The Yang di-Pertuan Agong Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah has stated that Parliament may convene during the emergency period on…

KUALA LUMPUR (Feb 24): The rollout of the country’s vaccination programme with Prime Minister Tan Sri Muhyiddin Yassin taking his first vaccine jab today did…

KUALA LUMPUR (Feb 24): Telekom Malaysia Bhd (TM) will be investing between 14% and 18% of its annual revenue for the financial year ending Dec…

KUALA LUMPUR (Feb 24): Malaysia’s new Covid-19 cases rose to 3,545 today from 2,468 recorded yesterday, with 12 more deaths, said the Health Ministry. This was…

KUALA LUMPUR (Feb 24): AirAsia Group Bhd said today the budget airline has recognised a loss of US$74.11 million (RM299.34 million) in the second half…

KUALA LUMPUR (Feb 24): AEON Co (M) Bhd’s net profit for the financial year (FY) ended Dec 31, 2020, fell to RM41.42 million from RM109.229…

KUALA LUMPUR (Feb 24): Destini Bhd has entered into an agreement with Keretapi Tanah Melayu Bhd (KTMB) to establish a joint-venture (JV) company, ET Sdn…

KUALA LUMPUR (Feb 24): Inari Amertron Bhd posted its best-ever quarterly net profit of RM90.1 million in the second quarter ended Dec 31, 2020 (2QFY21),…

EVENING 5: National vaccine rollout begins Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.  1. The National Covid-19…

KUALA LUMPUR (Feb 24): The Malaysian Communications and Multimedia Commission (MCMC) has defended its decision to use a dedicated government special purpose vehicle (SPV) to…

The DXY fell to its lowest level since January 13, bottoming at 90.00 in N.Y. trade on Monday, down from 90.30 at the open, and the 90.57 top seen overnight. The Greenback had been on the rise overnight, as the U.S. 10-year Treasury yield hit a one-year high near 1.40%. Yields later ebbed in N.Y., […]