Latest
-
Corporate News
Ajinomoto declares special dividend of RM2.12 from land sale
KUALA LUMPUR: Ajinomoto (M) Bhd has declared a special single-tier dividend of RM2.12 following the proceeds from its land sale.
-
Corporate News
Epicon uplifted from PN17 status
PETALING JAYA: Epicon Bhd (formerly Konsortium Transnasional Bhd) has regularised its financial condition and no longer triggers any of the criteria under Paragraph 2.1 of PN17 of the Main Market Listing Requirements of Bursa Securities.
-
Corporate News
Lotte Chemical Titan’s 1Q net loss narrows to RM178mil
KUALA LUMPUR: Lotte Chemical Titan Holding Berhad (LCT) remains cautious due to uncertainties arising from oil price volatility, petrochemical glut, economic slowdown from inflation, and rising geopolitical tensions.
-
Corporate News
Pasukhas gets data centre construction job worth RM56.98mil
PETALING JAYA: Pasukhas Group Bhd has received a letter of acceptance (LOA) from a leading multinational technology corporation headquartered in the US, for the construction and completion of a data centre located in Selangor for RM56.98mil.
-
Markets
FBM KLCI bucks regional downtrend
KUALA LUMPUR: The local bourse bucked the downtrend seen in regional stock markets to stay in positive territory amid the weaker sentiment.
-
Economy
Indonesia's inflation rate eases slightly in April
JAKARTA: Indonesia's annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the country's statistics bureau said on Thursday, staying within the central bank's 1.5% to 3.5% target range.
-
Markets
Main Market-bound Feytech holdings aims to raise RM114.66mil from IPO
PETALING JAYA: Automotive cover and seat manufacturer Feytech Holdings Bhd aims to raise RM114.66 million from its initial public offering (IPO) en route to a listing on the Main Market of Bursa Malaysia on May 21, 2024.
-
Markets
Asian equities slip on Fed decision; Indonesia drops as inflation rate eases
STOCKS in Indonesia extended losses on Thursday as data showed that the country's inflation rate had eased, while other equities in the region slipped after the U.S. Federal Reserve flagged possible delays to interest rate cuts this year.
-
Investment
TA Investment declares distributions for two funds
KUALA LUMPUR: TA Investment Management Bhd has declared interim gross income distributions of 1.7 sen per unit for TA Dana Fokus (TADF) and 1.5 sen per unit for TA Asia Pacific REITs Income Fund (TAREITs) to registered unit holders of the funds as at April 30.
-
Corporate News
Yinson Production completes US$1.3bil project financing for Agogo FPSO
KUALA LUMPUR: Yinson Holdings Bhd’s unit, Yinson Production has finalised a limited recourse term loan facility, securing up to US$1.3bil.
-
Markets
ACE Market-bound Smart Asia chemical aims to raise RM37.4mil from IPO
KUALA LUMPUR: Smart Asia Chemical Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia Securities on May 28, 2024, aims to raise RM37.4 million from its initial public offering (IPO).
-
Corporate News
Pandora raises full-year forecast on strong U.S. sales
COPENHAGEN: Pandora, the world's largest jewellery maker, raised its full-year guidance on Thursday after sales and profit for its first quarter beat expectations due to renewed interest in the brand known for its charm bracelets.
-
Investment
Anwar: Microsoft's new US$2.2bil investment is its largest single investment in Malaysia
KUALA LUMPUR: The additional investment by Microsoft amounting to US$2.2 billion or RM10.5 billion in the country over the next four years is the largest single investment by the company in its 32 years in Malaysia.
-
Corporate News
Shell beats expectations with $7.7 bln first-quarter profit
LONDON: Shell on Thursday reported first-quarter adjusted earnings of $7.7 billion, sharply beating expectations, on the back of strong oil trading and higher refining margins.
-
Markets
Asia stocks rise as Fed tamps down hike fears; yen leaps
SINGAPORE: Asian stocks and U.S. futures rose on Thursday after the Federal Reserve downplayed risks of an interest rate hike, while the yen was bumpy after another burst of suspected intervention from Japan.
-
Banking
Standard Chartered Q1 profit rises 5.5%, beats estimates
HONG KONG/LONDON: Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in its first-quarter pretax profit, as the income boost from higher interest rates and a robust performance from its markets trading business offset a surge in credit losses.
-
Commodities
Oil prices rebound on prospect of US replenishing strategic reserve
NEW DELHI: Oil prices rose on Thursday, rebounding from three days of losses, on expectations the lower levels may prompt the U.S., the world's biggest crude consumer, to start replenishing its strategic reserve, putting a floor under prices.
-
Banking
Hong Kong central bank keeps key rate unchanged, tracks Fed move
HONG KONG: The Hong Kong Monetary Authority (HKMA) kept its base rate charged through the overnight discount window unchanged at 5.75% on Thursday, tracking a move by the U.S. Federal Reserve to keep rates steady.
-
Corporate News
Westports' 1Q net profit rises to RM204.51mil
KUALA LUMPUR: Westports Holdings Bhd is cautiously forecasting a low single-digit growth rate for the current financial year.
-
Markets
FBM KLCI nearly flat at lunch break
KUALA LUMPUR: Malaysia's blue-chip stock index was little moved while regional markets had a mixed reaction following the US Federal Reserve's latest comments over the interest rate environment.