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KUALA LUMPUR: ICT Zone Holding Sdn Bhd and Datuk Seri Ng Thien Phing (the joint offerors) have received valid acceptances for 65.28% of ICT Zone's voting shares at the close of its unconditional voluntary take-over offer on Wednesday.
PETALING JAYA: Cloudaron Group Bhd's wholly-owned subsidiary, Cloudaron Pte Ltd, is disposing of its entire stake (representing 1.3 million shares) in Clouddesk Technology Pte Ltd to Chen Huanhuan for RM4mil.
KUALA LUMPUR: The ringgit depreciated against the US dollar at the close today as traders and investors are concerned about the reciprocal tariff announcement by the United States (US) government later today, said an analyst.
KUALA LUMPUR: Gas Malaysia Bhd has implemented a gas supply curtailment in several areas following the recent gas pipeline rupture in Putra Heights that led to the temporary closure of nearby gas facilities.
KUALA LUMPUR: Bursa Malaysia's benchmark index ended higher, amid an overall cautious market sentiment, on bargain-hunting activities, said an analyst.
KUALA LUMPUR: A total of 19 Malaysians are listed on the Forbes 2025 Billionaires List with a cumulative wealth of US$57.3bil.
MADRID: Japanese tyremaker Bridgestone said it plans to cut jobs at two factories in northern Spain in reaction to an adverse evolution of the European market and the rise of non-European products.
Emerging Asian stock markets were mixed on Wednesday and currencies were on the defensive, as nervous investors awaited U.S. President Donald Trump's new reciprocal tariffs on trading partners that may intensify global trade tensions and hit economic growth.
KUALA LUMPUR: The Putra Heights fire on April 1 is expected to result in a one-off impairment of at least RM18mil to RM25mil for Petronas Gas Bhd (PetGas), according to MIDF Research.
HONG KONG: Hedge funds dumped stocks and lowered leveraged positions in Asian markets last week, data from Morgan Stanley shows, pointing to their defensive stance before U.S. President Donald Trump's announcement of new reciprocal tariffs on April 2.
SINGAPORE: Asian stocks wavered on Wednesday, while safe-haven gold held near record highs as a nervous world awaited details of U.S. President Donald Trump's tariff plans and investors fretted about the risks of an intensifying global trade war.
LEADING global sportswear brands are capitalising on the substantial growth potential of the Chinese market, which is driving their expansion and investment strategies.
KUALA LUMPUR: OCK Group Bhd does not anticipate any major long-term impact on its operations or business performance in Myanmar following the magnitude 7.7 earthquake that struck last Friday.
KUALA LUMPUR: Rising United States (US) tariffs are expected to affect growth across Asia-Pacific (APAC), according to S&P Global Ratings' latest economic update.
KUALA LUMPUR: CIMB, Bank Islam and Etiqa have come forward to assist the victims impacted by the fire incident in Putra Heights, Selangor, on Tuesday through various relief assistance plans.
KUALA LUMPUR: The intraday short selling (IDSS) of T7 Global Bhd's shares has been suspended for the rest of the day.
SINGAPORE: RHB Singapore, part of Malaysia's fourth biggest bank group RHB, said on Tuesday that it has appointed Goh Ken-Yi as its new Chief Executive Officer effective immediately, according to a statement.
KUALA LUMPUR: The FBM KLCI edged up at midday, while the overall market remained cautious as investors awaited U.S. President Donald Trump's new reciprocal tariffs on global trading partners.
SHANGHAI: China's yuan fell to a one-month low against the dollar on Wednesday, before recouping early losses, as markets held their breath for U.S. President Donald Trump's announcement of tariff plans due later in the day.
WASHINGTON: The White House confirmed on Tuesday that President Donald Trump will impose new tariffs on Wednesday, though it provided no details about the size and scope of trade barriers that have businesses, consumers and investors fretting about an intensifying global trade war.
