KUALA LUMPUR: The Securities Commission Malaysia (SC) has clarified that any change of shareholdings that resulted in a person controlling 20 per cent or more of the paid-up capital of a credit rating agency (CRA) required the prior approval of the capital market regulator. Read full story
US inflation hit a fresh 40-year high in May, unexpectedly accelerating in a broad advance that pressures the Federal Reserve to extend an aggressive series of interest-rate hikes and adds to political problems for the White House and Democrats. Read full story
KUALA LUMPUR: Iskandar Waterfront City Bhd (IWCity) has decided not to appeal to Bursa Malaysia Securities Bhd’s rejection of the company’s relief application but instead will focus on improving its business operations within the 12-month regularisation period. Read full story
THE HAGUE: One of the four men on trial for murder over the shooting down of an airliner over Ukraine in 2014 told Dutch judges on the final day of his trial on Friday that he is not guilty as his lawyers said he should be acquitted. Read full story
HUMANS have always struggled on striking a balance between short-term gains and long-term returns because the human brain is hard-wired to favour instant gratification. Hence, it is never easy to convince people to act now for a future gain, even though the benefit is clear. If it was that easy, everyone would be selling insurance! […]
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) expects an asset growth of 10 per cent by year-end, driven by fee income and trade financing business. Read full story
KUALA LUMPUR: Weak sentiment continued to weigh on the local bourse as the FBM KLCI fell almost 1% to its lowest level in over four months. Read full story
KUALA LUMPUR: Malaysia will urge for a reset of priorities to ensure the World Trade Organisation (WTO) is effective in bringing about trade flows as smoothly and freely at the 12th WTO Ministerial Conference (MC12) in Geneva, said the Ministry of International Trade and Industry (MITI). Read full story
KUALA LUMPUR: Protasco Bhd’s 70%-owned subsidiary, Permint Granite-HCM Sdn Bhd has entered into a supplementary agreement with Terengganu State Government to supplement the principal agreement which was entered between the parties in 2017. Read full story
KUALA LUMPUR: Kerjaya Prospek Group Bhd’s wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd has signed a framework agreement with Samsung C&T (KL) Sdn Bhd, a wholly-owned subsidiary of Samsung C&T Corporation (Engineering & Construction Group) (Samsung). Read full story
KUALA LUMPUR: Bursa Malaysia Bhd has announced 10 new additions to the constituents of the FTSE4Good Bursa Malaysia (F4GBM) Index and nine new additions to the constituents of the FTSE4Good Bursa Malaysia Shariah (F4GBMS) Index. Read full story
KUALA LUMPUR: The ringgit rose against the US dollar at the close on Thursday, ahead of the release of the United States’ consumer price index (US CPI) on Friday, said an analyst. Read full story