The global economy and stock market sky is falling.
The sky is falling in and everyone’s going about their business as if nothing is happening. That everything will end up alright in the long run, so why worry?
Well, there is an alternative scenario here. To read full story click here
LGMS Bhd Seeks To Raise RM45.7 Million From ACE Market Listing 
LGMS Bhd, an independent provider of professional cybersecurity services, is advancing closer to becoming a public listed entity with the launch of its prospectus in conjunction with the Company’s upcoming listing on the ACE Market of Bursa Malaysia Securities Berhad.
The prospectus launch marks the opening of applications for LGMS’ initial public offering (“IPO”) of 136.995 million shares. The IPO applications open today and will close on 26th May 2022 and the listing will take place on 8th June 2022. To read the full story click here
Malaysia’s Trade Continues To Expand, April Records 15% Surplus With Growth Boosted By E&E
Malaysia continues to perform exceptionally well in trade, momentum grew better in April 2022 with trade, exports, imports, and trade surplus registered the highest monthly value.
Trade rose by 21.3% to RM231.44 billion compared to April 2021, the 15th consecutive month of double-digit growth. Exports increased by 20.7% to RM127.49 billion, the ninth successive month of double-digit year-on-year expansion. Imports grew by 22% to RM103.95 billion and trade surplus expanded by 15.7% to RM23.55 billion. To read the full story click here
Powell Says the Fed Will Not Hesitate to Hike Rates Until Inflation is Tamed
US Federal Reserve Chair Jerome Powell, on Tuesday, stressed his resolve to bring inflation down by saying that he will back interest rate hikes until inflation start falling back toward a healthy level.
“If that involves moving past broadly understood levels of neutral we won’t hesitate to do that,” the chair of Fed was quoted as telling the press. To read the full story click here
Yew Lee Pacific Eyes ACE Market Listing
The Ipoh-based industrial brush manufacturer as well as the trading of machinery parts and industrial hardware today launched the Company’s prospectus for an initial public offering (IPO) leading to a listing on the ACE Market of Bursa Malaysia.
The IPO is expected to raise gross proceeds of RM37.27 million. M&A Securities is the Principal Adviser, Sponsor, Underwriter and Placement Agent for YLPG’s IPO while Eco Asia Capital Advisory Sdn Bhd is the Financial Adviser. To read the full story click here
US Economic Activity Slides Further
The global economy and stock market sky is falling.
The sky is falling in and everyone’s going about their business as if nothing is happening. That everything will end up alright in the long run, so why worry?
Well, there is an alternative scenario here. To read the full story click here
China’s Jan-April Industrial Output Up 4%
China’s value-added industrial output, an important economic indicator, went up 4 percent year on year in the first four months of this year, data from the National Bureau of Statistics.
The figures indicate continued growth activity in manufacturing, mining, and energy production in the country despite challenges faced domestically and globally. China has been on a series of lockdowns and movement restrictions after it imposed curbs to stem the spread of Covid-19. Major cities like Shanghai and Beijing have been subjected to harsh protocols that prevented many industries from operating. Tesla which has plants in Shanghai reeled on the back of those lockdowns which affected production and overall sales. To read the full story click here
GIIB Holdings 1 Billion Capacity Glove Plant Commences, Secures Strong Sales Order
GIIB Holdings Berhad, which is involved primarily in producing technical rubber compounds, has via its 51% owned subsidiary, GIIB Healthcare Products Sdn Bhd, officially started its latex glove manufacturing facility in Nilai, Negeri Sembilan.
The glove manufacturing outfit has five double former glove-dipping production lines with a production capacity of 1.05 billion pieces of glove per annum. The production lines are interchangeable to produce latex or nitrile gloves. To read the full story click here
