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Global Stocks Pull Back Amid Middle East Flare Up

Global stocks have pulled back from record highs amid renewed Middle East tensions and inflation concerns. There’s a risk of further declines if Middle...

Hong Kong’s Audit Watchdog To Investigate PwC Role In Evergrande

Hong Kong's audit watchdog Accounting and Financial Reporting Council (AFRC) said on Friday (Apr 19) it would investigate PricewaterhouseCoopers' (PwC) management in auditing China...

MCE Auto Hub A Boost To Malaysia’s Burgeoning Auto Industry

The construction of the MCE Auto Hub manufacturing facility by automotive parts maker MCE Holdings Bhd in Serendah, is expected to further contribute to...

Travelers Into Singapore Carrying Over S$20,000 Must Submit Declaration Online From May 13

All travellers entering or leaving Singapore carrying Physical Currency and Bearer Negotiable Instruments (CBNI) that value more than S$20,000 or its equivalent in a foreign...

Fajarbaru Bags RM13.33 Million Contract To Upgrade Fire Engineering System At KLIA

Fajarbaru Builder Group Bhd has been awarded an RM13.33 million contract from Malaysia Airports Holdings Berhad for a project to improve and upgrade a fire engineering system...

Sapura Energy Applies For Suspension Of Trading

Sapura Energy Berhad has informed that it has applied for suspension in the trading of its securities on the Main Market of Bursa Malaysia...

Sunview Accepts Financing Facilities Of RM23.9 Million From Exim Bank

Sunview through its subsidiary Fabulous Sunview Sdn. Bhd. had accepted an Islamic Financing Facility under Import Financing-i (“IF-i”) of US$5 million (rm4.78x) and and...

CIMB Thai 1Q24 Net Profit Declines 24.6%

CIMB Thai recorded a consolidated net profit of THB 626.1 million, a year-on-year decline of THB 204 million or 24.6%, while profit before tax...

Iconic Raises RM95.6 Million Through Rights Issue, Plans For Land Purchase

Iconic Worldwide Berhad announced that its Rights Issue exercise, along free warrants undertaken by the Group was oversubscribed. The exercise comprises 1,124.7 million rights...

MISC To Develop World’s First Ammonia Dual Fuel Aframaxes

MISC has entered into Time Charter Party Contracts with PETCO Trading Labuan Company Ltd via its petroleum arm, AET for the world’s first two...

Yayasan Hasanah MD Dato Shahira Ends Her Tenure After 9 Years

Yayasan Hasanah, the philanthropic arm of Khazanah Nasional Berhad today, announced that its Trustee and Managing Director, Dato’ Shahira Ahmed Bazari, will end her...

Hextar Capital Proposes To Diversify Into Construction

HEXTAR Capital Berhad (formerly known as Opcom Holdings Berhad) has announced that it is proposing to diversify its business to include construction and project...

BNM Adds Investment Firms Using Name Wadad, MIDF, Invest KL To Alert List

Bank Negara Malaysia released its latest Financial Consumer Alert list where companies and websites that are neither authorised nor approved under the relevant laws...

New Foreign Invested Firms In China Up 20.7% In Q1

The number of newly established foreign-invested firms in China hit 12,000 in the first quarter (Q1) of 2024, up 20.7 percent year on year,...

Allocation For Oppositions Should Be Legalised Through A CDF Act

The announcement by Deputy Prime Minister Datuk Seri Fadillah Yusof that the Unity Government’s Leadership Council has agreed to channel allocations to the opposition...

Public Bank Upgraded To Buy, Has Room To Tide Through Volatilities

RHB is upgrading Public Bank from neutral to buy with a new target price MYR4.80 TP from MYR4.70, 16% upside with c.5% FY24F yield...

MKH Oil Palm IPO Garners Strong Response Being Oversubscribed 8.4 Times

MKH Oil Palm (East Kalimantan) Behad has seen strong investor interest in its upcoming initial public offering after it informed that it has been...

Axiata’s Sri Lanka Merger Deal Seen As Overall Healthy Market Development

Maybank IB views Dialog’s merger with Airtel Lanka as an overall healthy market development, while generating longer-term synergies. However, there are integration costs...

Maybank Expects EcoWorld To Achieve Stronger Sales In 2H

Maybank IB said it expects EcoWorld Development to achieve stronger sales in 2HFY24 driven by the launch of two new projects in Kajang and...

Malaysia Records Another Month Of Trade Surplus

The Department of Statistic said Malaysia's trade performed steadily in March 2024, mainly attributable by an increase of 12.5 per cent or RM12.9 billion...

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