Tag Archives: Stock Market

KUALA LUMPUR: CGS-CIMB is maintaining its 2022 growth forecast for Malaysia’s gross domestic product (GDP) at 5.6 per cent year-on-year (y-o-y). Read full story

KUALA LUMPUR: Despite a weaker FY22 earnings result, Yinson Holdings Bhd’s long-term prospects remain intact as it continues to seek growth opportunities in the FPSO and renewables segments, said Kenanga Research. Read full story

KUALA LUMPUR: The FBM KLCI ended the morning session higher after bouncing back from mild losses earlier in the day. Read full story

SHANGHAI: CNOOC Ltd, China’s top offshore oil and gas producer, plans to raise 35 billion yuan ($5.5 billion) via a public share sale in Shanghai next month to fund oil and gas excavation as Beijing prioritises energy security amid rising geopolitical risks. Read full story

KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) has re-elected Hong Leong Assurance Bhd (HLA) group managing director and chief executive officer (CEO) Loh Guat Lan as its president for the 2022/2023 term. Read full story

PETALING JAYA: Almost 60 per cent of the Japanese companies in Malaysia recorded a surplus in their operating profits in 2021. Read full story

KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has successfully priced and placed out EXSIM’s issuance of four-year RM300 million Islamic medium-term notes (IMTN) at a fixed profit rate of 5.1 per cent per annum.  Read full story

SINGAPORE: Oil prices plunged more than $5 a barrel on Thursday on news the United States was considering the release of up to 180 million barrels from its strategic petroleum reserve, the largest in the near 50-year history of the SPR. Read full story

LONDON: Britain’s economy grew more quickly than previously thought in the last three months of 2021 when the country was hit by the Omicron wave of COVID-19 cases, driven by higher health spending, official data showed on Thursday. Read full story

KUALA LUMPUR: Widad Business Group Sdn Bhd (WBG) is expanding into the defence industry by teaming up with HAVELSAN Hava Elektronik Sanayi ve Ticaret A S, Turkey’s largest military systems developer. Read full story

KUALA LUMPUR: The country’s headline inflation is projected to average between 2.2% and 3.2% in 2022 amid higher underlying inflation. Read full story

KUALA LUMPUR: The number of Suspicious Transaction Reports (STRs) submitted by reporting institutions increased by 43 per cent to 191,387 in 2021 from the previous year, said Bank Negara Malaysia (BNM). Read full story