FBM KLCI continues to retrace higher
KUALA LUMPUR: The FBM KLCI’s rebound gained momentum headed into midday as fears over the economic impact of the new strain of Covid-19 virus subsided. Read full story
KUALA LUMPUR: The FBM KLCI’s rebound gained momentum headed into midday as fears over the economic impact of the new strain of Covid-19 virus subsided. Read full story
KUALA LUMPUR: AEON Credit Service (M) Bhd (AEON Credit) has launched a privilege card and the IN2NIAGA application in collaboration with the Ministry of Entrepreneur Development and Cooperatives (MEDAC) and In2Niaga Sdn Bhd (IN2NIAGA,) providing a platform that potentially benefits an estimated 1.8 million hawkers and petty traders. Read full story
KUALA LUMPUR: Mah Sing Group Bhd recorded a net profit of RM120.85mil in the nine months period to Sept 30, 2021, which was a 79.06% jump over RM67.49mil in the same period in 2020 as an improvement in new property sales bolstered the group’s topline. Read full story
KUALA LUMPUR: RHB Bank Bhd posted an improved net profit of RM1.99bil in the first nine months of 2021, compared with RM1.59bil recorded in the same period last year on the back of higher net fund-based income. Read full story
KUALA LUMPUR: Boustead Holdings Bhd rebounded to record a net profit of RM55.7 million in its third quarter ended Sept 30, 2021 from a net loss of RM51.8 million in the same period a year earlier. Read full story
KUALA LUMPUR: Dynacare Sdn Bhd, the 60 per cent owned subsidiary of Johan Holdings Bhd has begun commercial gloves production of its first high capacity double-former dipping line on Nov 27, 2021. Read full story
KUALA LUMPUR: OSK Holdings Bhd’s net profit eased to RM79.9 million in the third quarter ended Sept 30, 2021 (Q3 FY2021) from RM107.15 million in the same period last year. Read full story
KUALA LUMPUR: Net financing growth increased slightly to 4.0 per cent in October from 3.9 per cent in September, reflected higher growth in outstanding loans, amid moderation in outstanding corporate bond growth, said Bank Negara Malaysia (BNM) today. Read full story
KUALA LUMPUR: Public Mutual, Malaysia’s largest private unit trust company, declared distributions amounting to more than RM257mil for 16 funds. Read full story
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today, as the greenback retreated on concerns about the latest coronavirus variant and travel controls being imposed by various countries. Read full story
TOKYO: Nissan Motor Co announced it will spend 2 trillion yen ($17.59 billion) over the next five years to accelerate vehicle electrification, betting tighter carbon emission restrictions will spur demand for electric cars and hybrids. Read full story
KUALA LUMPUR: The ratings of Asia-Pacific (APAC) telecommunications companies (telcos) in emerging markets can tolerate increased deferred spectrum liabilities at current levels if these essential costs are the main driver of high debt or weaker leverage, Moody’s Investors Service said in a report. Read full story