Latest
-
Banking
Singapore's MAS asks DBS to identify reasons for disruptions, The Strait Times reports
SINGAPORE's central bank is following up with DBS Bank, the banking arm of DBS Group, to identify the root cause of recent disruptions to its internet banking and payment services and address it effectively, The Strait Times reported.
-
Forex
Ringgit opens lower against US$ amid Middle East tensions
KUALA LUMPUR: The ringgit retraced yesterday's gains to open weaker on Wednesday, as the greenback strengthened against other major currencies, analysts said.
-
Analyst Reports
CTOS prospects remain bright despite court ruling
KUALA LUMPUR: CTOS Digital Bhd is optimistic over its day in court, set for July 9, 2024, but analysts are weighing the risks of a potentially unfavourable outcome.
-
Markets
FBM KLCI stays firm, but profit-taking pressures mount
KUALA LUMPUR: The rally on the domestic market could be taking a pause as global markets digest recent gains following a resurgence of investor sentiment.
-
Markets
S&P, Dow extend closing streaks despite Disney drag
The S&P 500 and Dow Jones Industrial Average both clung onto gains to end slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve will cut interest rates this year.
-
Corporate News
Trading ideas: Sime Plantation, Sapura Energy, Power Root, OCK, Pekat, Yinson, Mobilia, Siab, Ireka
KUALA LUMPUR: Here is a recap of the headline-making corporate announcements.
-
Corporate News
Disney, Comcast aim to resolve Hulu valuation
Walt Disney and Comcast are seeking to hire a financial adviser to resolve a dispute over how to value the 33% stake in streaming platform Hulu that the former will acquire from the latter, according to sources.
-
Economy
Italy’s white-collar mafia is making a killing via tax evasion
Italy’s mafia rarely dirties its hands with blood these days. Extortion rackets have gone out of fashion and murders are largely frowned upon by the godfathers.
-
Corporate News
CELEBRATING 50 YEARS OF ACCLAIM
FIFTY years ago, he was a child with a milk bottle in his mouth, clad in shorts, bustling around the office of the family’s old home.
-
Corporate News
VinFast’s ambitions get mighty reality check
A 65% slide in VinFast Auto Ltd’s stock this year underlines the challenge faced by the electric vehicle (EV) maker backed by Vietnam’s richest man.
-
Corporate News
Nomura targets 20% revenue growth from global markets business
Nomura Holdings Inc is targeting 20% revenue gains for its global markets unit over the next few years as the Japanese brokerage moves past the Archegos Capital Management scandal with new initiatives to spur growth, according to the business head.
-
Economy
Japan service activity extends gains on solid demand
Japanese service sector activity grew at the fastest pace in eight months in April, thanks to solid business and consumer spending, a private survey shows.
-
Corporate News
Loan growth of 7% for CIMB
One of the factors that investors look out for when it comes to banking stocks is the net interest margins (NIMs).
-
Economy
Green production, trade will help wood industry
Vietnam Timber and Forest Products Association (Viforest) general secretary Ngo Sy Hoai says that the wood industry needs to pay attention to green production and trade to increase exports.
-
Corporate News
Indonesia’s oldest shoemaker Bata closes its only factory
P. T. Sepatu Bata, the oldest footwear manufacturer in the country, had ceased production at its only factory in the West Java regency of Purwakarta due to a drop in demand, the company says.
-
Technology
Microsoft readies new AI model to compete with Google, OpenAI
Microsoft is training a new, in-house artificial intelligence (AI) language model large enough to compete with those from Alphabet’s Google and OpenAI, The Information reports.
-
Corporate News
Princeton Digital gets green loan for Asia AI hub
Princeton Digital Group secured a US$280mil green loan to help finance a US$1.5bil data centre it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.
-
Property
Prices of HDB resale flats climb in April
Prices of Housing and Development Board (HDB) resale flats climbed 0.9% in April, and more units were sold as the market picked up following a dip the month before.
-
Corporate News
KLK takes swift action to address labour report
Kuala Lumpur Kepong Bhd (KLK) has temporarily suspended the arrival of 140 Nepali workers into Malaysia amid allegations of unethical recruitment practices.
-
Corporate News
Dayang on course for strong performance this year
Dayang Enterprise Holdings Bhd’s earnings prospects are expected to remain solid, underpinned by strong work orders and better vessel utilisation.