KUALA LUMPUR: The Securities Commission (SC) today charged former investment banker Charles Chua Yi Fuan for deceiving seven investors who suffered losses of nearly RM1.67 million between July 2017 to May 2019. Read full story
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has announced that the imbalance cost pass-through (ICPT) mechanism will continue to be implemented for the period of July 1 until Dec 31, 2022. Read full story
INTEREST rates are rising everywhere as central banks around the world are seeking to contain inflationary pressures. Read full story
Companies may decide to hold back on recession fears Read full story
MFCB’s hydropower project still going strong Read full story
CARLSBERG Brewery Malaysia Bhd (Carlsberg Malaysia) has enjoyed a solid start in 2022, with its mainstream brands Carlsberg Danish Pilsner and Carlsberg Smooth Draught returning to growth this year after being affected by the pandemic, according to managing director Stefano Clini. Read full story
Brewery on track for new investments and strategies for this region Read full story
KUALA LUMPUR: Malaysia Airports Holdings Bhd’s (MAHB) traffic performance for its total network of airports has gained traction in May 2022, recording the highest passenger movements to-date surpassing the seven-million mark for the first time in two years. Read full story
BENGALURU: Citigroup is forecasting a near 50% probability of a global recession, as central banks rush to raise interest rates to stamp out inflation that has been partly fueled by the impact of the Ukraine war and the COVID-19 pandemic. Read full story
WASHINGTON: The number of Americans filing new claims for unemployment benefits edged down last week as labor market conditions remained tight, though a slowdown is emerging amid high inflation and rising interest rates. Read full story
NEW YORK: Wall Street’s main indexes posted solid gains on Thursday, fueled by strong performance from defensive and tech shares that outweighed declines for economically sensitive groups as worries persisted about a potential recession. Read full story