KUALA LUMPUR: Berjaya Food Bhd’s (BFood) net profit jumped almost three fold to RM31.57mil in the third quarter ended March 31, (3Q22) against RM11.6mil a year ago in tandem with the higher revenue recorded in during the quarter. Read full story
KUALA LUMPUR: The door for a further hike in the overnight policy rate (OPR) of another 25 basis points (bps) in the near term is still open in the second half of this year, subject to the stability of economic growth, pace of inflationary rate and improvements in the macroeconomic conditions. Read full story
KUALA LUMPUR: Heineken Malaysia Bhd’s net profit jumped 54.2% to RM113.38mil in the first quarter ended March 31 from RM73.53mil a year ago, driven by revenue growth. Read full story
KUALA LUMPUR: Integrated industrial space solutions provider AME Elite Consortium Bhd has secured shareholders’ approval at the extraordinary general meeting today for the proposed listing of its real estate investment trust (AME REIT) on Bursa Malaysia’s Main Market. Read full story
KUALA LUMPUR: PRG Holdings Bhd’s independent non-executive chairman Datuk Dr Awang Adek Hussin will be resigning from the group’s board, effective May 30. Read full story
KUALA LUMPUR: The ringgit ended higher for the second straight session today against the US dollar on continued buying interest after an unexpected interest rate hike by the central bank and on anticipation of a better first quarter gross domestic product (GDP) result, said an analyst. Read full story
KUALA LUMPUR: UMW Toyota Motor Sdn Bhd sold 29,393 units of Toyota and Lexus models in the first four months of 2022, an 11 per cent increase compared with the same period last year. Read full story
BITCOIN fell below $30,000 and touched its lowest level since June, while the TerraUSD stablecoin continued its downward spiral. Read full story
KUALA LUMPUR: The FBM KLCI rebounded on Tuesday in volatile trade but the broader market remained weak with over 600 counters in the red. Read full story
KUALA LUMPUR: Scomi Group Bhd’s (SGB) joint-venture company Scomi SGSB Sdn Bhd has entered into a memorandum of understanding (MoU) with Skill Johor Sdn Bhd (SJSB) to develop a renewable energy (RE) generation program in SJSB’s TVET Campus in Johor. Read full story
KUALA LUMPUR: CSH Alliance Bhd has proposed to acquire three adjoining plots of industrial land totaling 55.3186 acres in Tanjung Malim, Perak for RM12mil cash. Read full story
KUALA LUMPUR: The ringgit rebounded from two straight days of losses to end marginally higher against the US dollar today on renewed buying interest, said an analyst. Read full story