Tag Archives: Bursa Malaysia

KUALA LUMPUR: YTL Power International Bhd has completed the acquisition of Tuaspring Pte Ltd’s 396MW combined cycle gas turbine power plant in Singapore. Read full story

KUALA TERENGGANU: TDM Bhd, a subsidiary of the Terengganu state government through the company’s plantation division TDM Plantation Sdn Bhd (TDMP) is exploring a new development of cash crops, namely chilli, at Ladang Tayor near here. Read full story

KUALA LUMPUR: Bonia Corp Bhd’s board of directors has adopted a dividend policy to pay at least 30% out of its consolidated profits after taxation attributable to shareholders available in each financial year. Read full story

PETALING JAYA: Perak Transit Bhd has appointed edotco Malaysia Sdn Bhd to provide services related to in-building and telecommunication solutions in buildings and land owned or managed by the Ipoh-based company’s subsidiaries. Read full story

NEW DELHI: India’s effort to break Amazon Inc and Walmart Inc’s dominance of its e-commerce sector, by establishing its own open network, has begun lining up banks and other key players needed to move it forward, sources familiar with the matter said. Read full story

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Manufacturing growth slowed last month in economies as diverse as France, Japan to Malaysia, business surveys showed on Wednesday, illustrating the challenge policymakers face in trying to combat inflation while not stifling anaemic economic activity. Read full story

KUALA LUMPUR: The Securities Commission (SC) has disclosed the findings of its investigation into 10 clone firm scams, to arm investors with greater awareness on the modus operandi of these scams in order to spot and avoid them. Read full story

KUALA LUMPUR: Petronas’ profit after tax increased to RM23.44 billion for the first quarter ended March 31, 2022 (Q1 FY2022) versus RM9.22 billion a year ago in tandem with higher revenue, following an upward trend in prices partially offset by higher product costs and taxation. Read full story

KUALA LUMPUR: Malaysian Resources Corporation Bhd’s (MRCB) net profit almost tripled to RM14.03mil in the first quarter ended March 31 from RM5.2mil a year earlier. Read full story

KUALA LUMPUR: Bank Islam Malaysia Bhd’s net profit fell by a third to RM105.92 million in the first quarter (Q1) ended March 31, 2022, from RM158.71 million a year earlier mainly due to a higher net allowance for impairment on financing and advances. Read full story

Russia’s central bank said on Tuesday that the role of the dollar and the euro as global currencies would decline as central banks rethink their strategies after the West froze Russian reserves, suggesting it could consider imposing negative rates for dollar and euro deposits. Read full story