KUALA LUMPIR: VSTECS Bhd’s unit has been appointed the official distributor of automation vendor Puppet Inc as it aims to capitalise on the growing need for compliance across all sectors. Read full story
KUALA LUMPUR: SIRIM Bhd’s wholly-owned subsidiary, SIRIM STS Sdn Bhd (SIRIM STS), has been appointed as coordinator for the development of Malaysia Railways Industrial Standard (MRIS) to advance and promote the competitiveness of the country’s rail industry. Read full story
KUALA LUMPUR: PNB Merdeka Ventures Sdn Bha (PMVSB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has successfully selected six projects for the Merdeka 118 Community Grants Programme. Read full story
KUALA LUMPUR: Fears over Omicron’s possible impact on global economic recovery dragged Bursa Malaysia’s key market barometer to its lowest in 13 months on Monday. Read full story
KUALA LUMPUR: Kerjaya Prospek Property Bhd’s unit Pixel Valley Sdn Bhd has entered into a purchase and development agreement with Aspen Vision City Sdn Bhd to acquire a tract of freehold land measuring about 1.97ha in Seberang Perai Selatan in Pulau Pinang for RM27.57mil. Read full story
BEIJING: China’s central bank said on Monday it would cut the amount of cash that banks must hold as reserves, its second such move this year, releasing 1.2 trillion yuan in long-term liquidity to bolster slowing economic growth amid persistent COVID-19 cases. Read full story
HONG KONG: Bitcoin tumbled almost 5% on Monday as the start of the week offered little respite to the world’s largest cryptocurrency after a bruising weekend where at one point it lost over a fifth of its value. Read full story
NEW YORK: Wall Street’s major indexes closed lower on Friday, with the Nasdaq leading the declines as investors bet that a strong jobs report would not slow the Federal Reserve’s withdrawal of support all while they grappled with uncertainty around the Omicron coronavirus variant. Read full story
ONCE again the discovery of a new Covid-19 variant is wreaking havoc on the financial markets, albeit of a smaller magnitude. Read full story
NEW YORK: U.S.-listed shares of Alibaba, Baidu, JD.com and other Chinese firms fell on Friday as ride-hailing giant Didi Global Inc’s decision to delist from the New York Stock Exchange added to worries over stricter regulatory scrutiny at home and tense Sino-U.S. relations. Read full story
HONG KONG: Just five months after its debut, ride-hailing giant Didi Global said it plans to withdraw from the New York Stock Exchange and pursue a Hong Kong listing, a stunning reversal as it bends to Chinese regulators angered by its U.S. IPO. Read full story
NEW YORK: Crude prices ended little changed on Friday after erasing earlier big gains on growing worries that rising coronavirus cases and a new variant could reduce global oil demand. Read full story