KUALA LUMPUR: Malaysia led other ASEAN countries in initial public offering (IPO) proceeds during the first quarter (Q1) of 2022 as exchanges in the bloc recorded a year-on-year (y-o-y) decline of 57 per cent in total proceeds for the period, according to Ernst & Young (EY). Read full story
KUALA LUMPUR: T7 Global Bhd’s manpower subsidiary T7 Intelligent Resources Sdn Bhd has secured a RM6mil contract from Hess Exploration and Production Malaysia BV for the provision of technical and non-technical manpower for the North Malay basin integrated gas development project. Read full story
KUALA LUMPUR: The unpredictability of the pandemic and economic growth delay contributed to a comparatively lower foreign direct investment (FDI) into Selangor in 2021, said Invest Selangor Bhd. Read full story
KUALA LUMPUR: Financial technology (fintech) will be leveraged as an enabler for innovative solutions focusing on the halal economy, socially responsible investing (SRI) and Islamic social finance to further grow the Malaysian Islamic capital market (ICM), says the Securities Commission Malaysia (SC). Read full story
KUALA LUMPUR: Maxis has teamed up with Hewlett Packard Enterprise (HPE) to be the first in the nation to offer multi-access edge computing (MEC) as a digital solution for enterprises. Read full story
LONDON: Tesco, Britain’s biggest retailer, warned its profit would fall in the current year due to the tough economic conditions and pressure on consumers after it reported a 35.8% rise for the 2021-22 year. Read full story
KUALA LUMPUR: Sedania Innovator’s gaming arm Esports Players League (ESPL) aims to generate up to 300,000 gamers in partnership with Yield Guild Games Southeast Asia (YGG SEA). Read full story
KUALA LUMPUR: Short-term interbank rates closed steady today on Bank Negara Malaysia’s (BNM) operations to absorb surplus liquidity in the financial system. Read full story
KUALA LUMPUR: CIMB Investment Bank Bhd and CIMB Islamic Bank Bhd have received multiple awards from Islamic Finance News at the IFN Deals of the Year Awards 2021. Read full story
KUALA LUMPUR: The ringgit extended yesterday’s downtrend to open lower against the US dollar as positive greenback sentiment curbed demand for the local currency, dealers said. Read full story
KUALA LUMPUR: SEDANIA Innovator Bhd’s (Sedania) sustainable healthcare subsidiary, Offspring Inc Sdn Bhd (Offspring) has made further inroads into overseas markets, having received its first order to export its sustainable healthcare products to Togo and Nigeria. Read full story
KUALA LUMPUR: The FBM KLCI extened its decline but remained above the 1,600-point psychological level at midday as investor sentiment soured over aggressive US rate hikes. Read full story