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Maybank to stop coal financing
KUALA LUMPUR (May 6): Malayan Banking Bhd (Maybank) will stop financing new coal activities as part of its sustainable agenda.
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Trading rebound boosts earnings at France’s SocGen
PARIS, May 6 — Societe Generale will press ahead with an overhaul of its investment bank after its equities division posted its best performance in six years in the first quarter, the French bank sa...
Ringgit retreats to end lower against US dollar
KUALA LUMPUR, May 6 — The ringgit retreated from yesterday’s gains to end lower against the greenback today, as traders turned risk-averse following the enforcement of the movement control order (...
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Maybank set five-year plan to achieve 13%-15% ROE
KUALA LUMPUR (May 6): Malayan Banking Bhd (Maybank), Malaysia’s largest lender by market value, unveiled its five-year strategic plan, M25, that aims to accelerate growth in the "next normal".
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Nazir Razak: Why no supertaxes on glove companies?
KUALA LUMPUR (May 6): Bank Pembangunan Malaysia Bhd (BPMB) chairman Datuk Seri Nazir Razak is perplexed as to why no supertaxes have been imposed on Malaysia’s glove companies which have made huge p...
Inari Amertron plans RM1bil private placement
KUALA LUMPUR: Inari Amertron Bhd has proposed to issue up to 333 million new shares to investors, as the electronics manufacturing firm seeks fresh funds for working capital, as well as for potential acquisitions and investments.
KLCI snaps losing streak but broader market cautious
Blue chips snapped their losing streak on Thursday on some buying of IHH Healthcare and KL Kepong but gloves lost ground amid a weaker broader market though there were some bright spots in the economic outlook.
Bursa Malaysia stays lower at mid-afternoon
KUALA LUMPUR, May 6 — Bursa Malaysia stayed lower at mid-afternoon, with financial-related counters trading in a mixed mode following Bank Negara Malaysia’s (BNM) decision to maintain the overnigh...
Najib's second SRC trial deferred to August
(This article has been amended for accuracy.) KUALA LUMPUR (May 6): Datuk Seri Najib Razak's second SRC International Sdn Bhd trial for three money laundering charges involving RM27 million, scheduled...
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MISC posts RM429.8m net profit in 1Q, div 7c
MISC Bhd posted net profit of RM429.80mil in the first quarter ended March 2021, which was a turnaround from the net losses of RM1.15bil a year ago due to provision for litigation claims a year ago.
Bursa ends morning session lower
KUALA LUMPUR (May 6): Bursa Malaysia remained in the red at the noon break today on persistent selling of healthcare-related counters, led by Supermax Corp Bhd.
Caesars shares jump as CEO forecasts profit potential
LAS VEGAS: Caesars Entertainment Inc shares leaped in extended trading after chief executive officer Tom Reeg gave an upbeat profit forecast and pointed to continuing signs of recovery for the gambling industry.
Prestar rises on higher 1Q earnings
KUALA LUMPUR (May 6): Steel product and equipment maker Prestar Resources Bhd rose by as much as 12% this morning following the 351% increase in its net profit for its first quarter ended March 31, 20...
China suspends economic accord with Australia
BEIJING, May 6 — China said on Thursday it had suspended an economic agreement with Australia, in an apparent tit-for-tat response to Canberra’s scrapping a Belt and Road infrastructure pact and t...
ANZ to give back capital
SYDNEY: Australia and New Zealand Banking Group (ANZ) said it would consider returning capital to shareholders as its first-half profit more than doubled, boosted by the release of funds it had set aside previously to cover potential Covid-19 losses.
JustTonite partners Malaysia Airlines to boost domestic travels
KUALA LUMPUR: JustTonite, a hospitality booking platform, has formed a strategic partnership with Malaysia Airlines to offer MHbiz Pro members an intuitive, seamless and value-for-money domestic travel experience when flying with the national carrier.
JPMorgan, FAB poised to win roles on Adnoc IPO
ABU DHABI: Abu Dhabi National Oil Co (Adnoc) is close to hiring JPMorgan Chase & Co and First Abu Dhabi Bank PJSC to help arrange the potential listing of its drilling business, according to people familiar with the matter.
Labuan IBFC remains resilient amidst pandemic
LABUAN: The Labuan International Business and Financial Centre (IBFC) remains resilient while demonstrating respectable growth across sectors, despite facing unprecedented challenges due to the Covid-19 pandemic.
New capex high for Nestle to meet export demand
PETALING JAYA: Nestle (M) Bhd’s capital expenditure (capex) of RM300mil for 2021 is set to be a new high for the food and beverage (F&B) company, as it plans to ramp up its production capabilities to meet export demand.
JHM drives performance with new JV
PETALING JAYA: JHM Consolidation Bhd’s additional income contribution from two customers is expected to kick in the second half of the year.
April palm oil stocks seen lower as exports jump
PETALING JAYA: Malaysia’s palm oil stockpile in April likely inched lower despite production rising to a six-month high, hampered by robust exports and plummeting imports, a Reuters survey showed yesterday.
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Tin market closes at 10-year high
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) closed at a 10-year high of US$30,700 (RM126,560.75) per tonne yesterday, rising by US$450 from US$30,250 per tonne on Tuesday due to stronger demand from buyers, a dealer said.
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KLCC REIT bolstered by stable office segment
PETALING JAYA: KLCC Real Estate Investment Trust’s (KLCC REIT) premium asset quality and its stable office segment due to its location will continue to support the trust’s market value, moving forward, in these uncertain times.
PayPal earnings soar on e-commerce boom
SAN FRANCISCO, May 6 — PayPal on Wednesday reported record quarterly profit as the online financial transactions service benefited from an e-commerce trend boosted by the pandemic.
Kenanga shaves earnings estimate on Supermax
KUALA LUMPUR: Kenanga Research, which has an "outperform" recommendation on Supermax Corp Bhd, has lowered its earnings forecast on expectation that average selling prices (ASP) will fall due to moderating glove demand.
Krispy Kreme seeks relisting
NEW YORK: Krispy Kreme said it had confidentially filed with US regulators for an initial public offering (IPO), a move that would result in the doughnut chain’s return to the stock market five years after it was taken private.
Westpac in the limelight
SYDNEY: Australia’s securities regulator is probing Westpac Banking Corp on allegations of insider trading, just months after the country’s second-biggest lender paid a record fine to settle breaches of anti-money laundering laws.
Shares rise as central bank outlines relief measures
BENGALURU: Indian shares gained yesterday, led by heavyweight financials, as the central bank rolled out a series of measures to support the coronavirus-ravaged economy, including allowing certain small borrowers more time to repay loans.
Fitness finds its feet in China despite Covid woes
BEIJING: Though the Covid-19 epidemic crimped leisure and normal life to a large extent in China last year, it has not dampened the awareness and demand for fitness-related activities and products, judging by their steady growth.
MAHB renews collaboration with AsBAA
: Malaysia Airports Holdings Bhd (MAHB) has renewed its collaboration with Asian Business Aviation Association (AsBAA), following its Subang Airport Regeneration Initiative.
Higher glove ASPs seen in upcoming quarter
While steep ASP hikes are expected to be on hold for now as players realign their supply away from the US – which offers a premium in the 5%-10% range – Hartalega noted that the demand-supply equilibrium remains favourable for manufacturers.
Planters facing issues
According to the Malaysian Palm Oil Association (MPOA) CEO Datuk Nageeb Wahab, while the government has approved the return of 32,000 foreign workers to the estates in tranches, the progress has been slow.
SupportLine: Dayang, Carimin, OCK
Dayang Enterprise Bhd gapped up yesterday in a show of bullish momentum.The stock challenged the 50-day simple moving average (SMA) but failed to convincingly breach the moving average.However, given ...
US reviewing Top Glove submission
PETALING JAYA: The United States Customs and Border Protection (CBP) is currently reviewing Top Glove Corp Bhd’s submission after it had remediated the 11 International Labour Organisation’s (ILO) forced labour indicators.
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HDD business drives Dufu Q1 earnings
KUALA LUMPUR: Dufu Technology Bhd posted a 38% growth in net profit in the first quarter and said that strong order visibility in 2021 would contribute to the group’s earnings in the coming quarters.
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Qantas to keep headquarters in Sydney after property review
SYDNEY: Qantas Airways Ltd said on Thursday it would keep its corporate headquarters in Sydney and low-cost arm Jetstar would retain its head office in Melbourne after reviewing its property portfolio in an effort to cut costs during the pandemic.
Oil ends little changed, U.S. oil inventories fall
NEW YORK: Oil ended little changed on Wednesday after two days of gains despite a sharp drawdown in U.S. crude stocks, as the market weighs the outlook for demand with coronavirus infections still surging worldwide.
Dow ends at record high, Nasdaq falls as tech slides
NEW YORK: The Dow Jones Industrial Average ended at a record high on Wednesday, driven higher by energy and other economically sensitive sectors, while the Nasdaq closed in red as megacap growth stocks slipped.
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Uber loss narrows as it hopes to rev shared rides
SAN FRANCISCO, May 6 — Uber on Wednesday reported that it narrowed its quarterly loss by selling its self-driving tech unit and said its pandemic-battered ride share business is starting to regain ...
Nasdaq bounces back after solid US hiring data
NEW YORK, May 5 — Tech shares were higher early today, staging a partial recovery from the prior session’s rout after a solid April employment report and strong General Motors results.
Gas Malaysia posts higher net profit in Q1
KUALA LUMPUR (Bernama) -- Gas Malaysia Bhd posted a higher net profit of RM55.63 million in the first quarter ended March 31, 2021 (Q1 2021) against RM47.86 million registered in the same quarter last year.
EU beefs up powers to control China investment
BRUSSELS, May 5 — The EU commission today unveiled new powers to block state-backed companies making unfair inroads into Europe, as the bloc seeks new ways to respond to China’s rise.
Ringgit ends higher against US dollar
KUALA LUMPUR, May 5 — The ringgit snapped two days of losses to end higher against the greenback today, supported by firmer Brent crude oil prices, a dealer said.
KLCI closes at day's low, banks weigh
The FBM KLCI closed at the day's low on Wednesday, weighed down losses in banks and gloves as buying sentiment remained weak due to the rising Covid-19 numbers and also tracking the downbeat key Asian markets.
FTSE Russell to rev up in Asia-Pacific
FTSE Russell will be stepping up its activities in Asia-Pacific, including Malaysia, having had its footprint and employee headcount enlarged significantly following the recent merger of its parent co...
Oil prices rise after steep drop in US crude inventories
SINGAPORE: Oil prices rose on Wednesday, extending gains from the previous session after industry data indicated U.S. crude stocks fell much more than expected last week, reinforcing bullish views on fuel demand in the world's largest economy.
Kerjaya Prospek subsidiary wins RM28m job in Penang
KUALA LUMPUR (May 5): Kerjaya Prospek Group Bhd said its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd today accepted a letter of award from Eastern & Oriental Bhd's (E&O) indirect subsidiary Pe...
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Berjaya Food reports profitable 3Q as operations not adversely impacted by MCO...
EMCO in 16 localities in Sg Ruan, seven in Sempalit, Pahang from May 8-21
CPO futures end higher on better CBOT soybean oil performance
BNM has confidence in monetary policy landscape — Economist
Mukhriz takes a dig at Hamzah after minister asks for more time to decide on...
Rio Tinto shareholders reject executives’ pay in caves blast backlash
Rizal Rickman succeeds Zeti as Sime Darby Property chairman
Cahya Mata Sarawak: Deputy chairman Bekir to stay on, conflict of interest...
MyEG wins project from MIMOS to provide service desk for vaccine traceability...
Moody's Analytics: Optimictic outlook for Malaysia's trade, industrial...
Maybank has made provisions for variables, like MCO 3.0
Inari Amertron to raise RM1.07b via private placement for capex, acquisitions...
Bursa Malaysia rebounds to end at day’s high, KLCI up 0.17pc
Strong earnings pull FTSE 100 higher ahead of BoE meet, election day
Asia-listed pharma firms take a hit on Covid-19 vaccine waiver talk
Sterling waits for BoE decision on slowing emergency support
PNB names former chief justice Arifin Zakaria as new chairman, confirms The...
Muhammad Amiin Ridhuwan's death huge loss to Bersatu, says Armada chief
KPDNHEP says it never appointed agents to promote Buy Malaysian Product Campaign
Stricter movement controls to drag recovery plays, says CGS-CIMB
Knight Frank London sees record-breaking activities in March
Covid-19: Malaysia reports 3,551 new cases; figure above 3,000 for third...
Govt approves applications worth RM12.86b under Wage Subsidy Programme 1.0 as...
Bank Muamalat allocates RM500m financing to help Industry 4.0 vendors
FAO: World food price index climbs in April, highest since mid-2014
EasyJet ahead of green list warns UK risks being left behind in travel
Federal Govt implements four enhancements to grants, support for states
Velesto to focus on Sunken Naga 7 rig recovery efforts
Johor allows Ramadan, Aidilfitri bazaars in three districts under MCO to operate
Mitsui weighing buyout of RM45b IHH Healthcare — sources
Investors snap up Maybulk shares, trading volume swells to record high
BNM: OPR remains at 1.75pc, headline inflation to average 2.5-4.0pc in 2021
Microsoft pledges to store European cloud data in Europe
Nintendo forecasts decline in Switch sales, warns of chip uncertainty
Cover Story: No easy solution to global chip crunch
Cover Story: Competition from China, low foreign shareholding to weigh on glove...
MCO: Five Ramadan bazaars at LRT stations to close from Saturday
Zenith Hotels & Resorts unveils new hotel Zenith Cameron in Cameron...
Bank Negara maintains overnight policy rate at 1.75pc
West must be ‘very careful’ about Chinese investment, says Blinken
Nintendo logs record pandemic profit but outlook cautious
Abu Dhabi's Mubadala posts record annual income and investment
Cover Story: Cheap glove stocks or expensive tech stocks; Which would you buy?
Gas Malaysia may post lower earnings in FY21, says analyst
Malaysia Airlines offers training opportunity in aviation industry
Sentral REIT 1Q net property income down 4% on-year; up in quarterly terms
Deepak withdraws appeal to include Najib and others in suit filed by family of...
Stats Dept: Malaysia’s Industrial Production Index surges 9.3pc in March, highest since July 2013
MISC returns to black in Q1, net profit at RM429.8m
Singapore Press to spin off media Into non-profit entity
Hong Seng partners Pow Pocket for Johor immigration registration platform
MISC 1Q net profit at RM430m versus net loss of RM1.16b a year earlier
Malaysia's GDP growth could dip to 4% on MCO 3.0, slow vaccination and Covid-19...
FBM KLCI extends decline for fifth day, gloves slide
My Say: China’s outlook: Upside in near term but what of the long term?
Malaysia's manufacturing sales rise to RM126.9 billion in March 2021, highest...
Glove stocks in the red amid concerns over mounting pressure on selling prices...
Genting Malaysia subsidiary to redeem bonds under RM5b scheme ahead of maturity...
Two police officers, including former Altantuya IO, freed from Sosma detention...
Govt fails to stop bid by Malaysian mums seeking citizenship for children born...
Analysts cut Supermax earnings forecasts, target prices on lower ASP...
Malaysian CPO prices near RM4,700 a tonne as commodities strengthen on recovery...
Asia shares, commodities firm on recovery bets; A$ hit by China move
KLCI trails healthcare gauge drop as Covid-19-driven MCO hits sentiment
HSBC Malaysia launches mobile app EZInvest
Indonesian economy struggles to bounce back
KLCI dips in morning trade, bucking regional gains
Australian regulator moves to block Qantas-Japan Airlines deal
Bursa extends losses at opening on cautious investor sentiment
Quick take: Widetech hits limit-up in early trade
Glove makers drag KLCI deeper into the red
It’s goodbye to CME’s last commodity trading pits
Trading ideas: DNeX, Cahya Mata Sarawak, Supermax, UEM Sunrise, Gas Malaysia
Crypto mania sends Doge soaring, crashes Robinhood token trading
Call on tax leaders to address potential tax exposure
Insight - Unseen digital cash will stretch your money
Insight - Transparency, integrity the vital cogs
Latest land deal to augur well for Mah Sing
Gas Malaysia posts higher earnings in Q1
Industrial, services lead RHB small-cap jewels
Thailand holds rates, warns on growth amid worst Covid wave
Supermax earnings hit RM1bil in third quarter
DNeX plans placement to raise RM642mil
Asia-Pacific can emerge from crisis stronger by focusing on five areas
S&P lifts GameStop credit rating, helping push into e-commerce
National Australia Bank first-half cash profit beats estimates, doubles dividend
609,539 complete taking second dose of Covid-19 vaccine as of May 4 — Health...
Analabs buys Maybank shares worth RM15.46 mil for dividends, capital gains
Filming in MCO areas allowed, special certificates needed — FINAS
Update bank account if yet to receive GKP payments — IRB
MACC looking for three former police personnel to help in investigations
Dufu Tech 1Q net profit up 38% amid rise in volume loading by HDD-related...
Use of plastics should be managed, not banned say associations
US, China to assess Phase 1 deal soon, Biden trade chief says
Sterling steady as markets eye ‘super Thursday’ status quo
Ministry targets 500 mil litres of recycled water daily by 2025
Bank officers among eight arrested over fraud involving RM4.7 mil
Aidilfitri: Prison visits allowed except in MCO, EMCO areas
Biden’s Labor Department rescinds Trump-era rule affecting gig workers
US private payrolls post biggest gain in seven months in April
F&N to keep any product price hike rate within single digit range, says CEO
CPO futures end mostly higher on strong export demand
IRB slaps two UEM Sunrise units with RM82.2m tax bill
UMNO to contest Larut seat in GE15 but Saarani says he's not the candidate
Govt urged to enact law to deter misuse of electronic cigarettes
EVENING 5: Five things you need to know today
Malaysian Bar calls for RCI to probe ex-IGP's allegations of political...
Three Seni Jaya directors resign over concerns about possible takeover exercise
Glove factory to be built in Batu Gajah involving RM800 mil investment
Another Jho Low associate ordered to pay RM6.7 million in tax arrears
Covid-19 patient runs away from Sungai Petani hospital
Supermax: Rubber glove spot prices on downtrend, fall 15% to 25%
KLCI falls as heavyweights succumb to selling pressure just as KL, Johor Bahru...
Issue of vaccine brand should not arise in pandemic times — SDDMC
All schools in Kuala Lumpur and Putrajaya to be closed on May 6 and 7 —...
Najib's SRC Trial: Many afterthoughts to Najib’s defence
Najib's SRC Trial: Jho Low was ‘Arab donor’ — prosecution
Malaysia bans entry of travellers from Bangladesh, Pakistan, Nepal and Sri...
Rubber market ends moderately higher amid quiet trading in regional peers
MCO in Taiping, Larut Matang and Selama, Perak, from May 7 to 20 - Ismail Sabri
Gas Malaysia 1Q net profit up 16.2% on higher volume of gas sold
Bursa Malaysia ends lower on selling pressure
Carmaker Stellantis says output hit by chip shortages
Asia stocks struggle after Yellen spooks Wall St, eyes on US jobs
US chip startups, long shunned in favor of internet bets, stir excitement again
Najib's SRC Trial: SRC’s unique command structure left company at Najib’s...
Covid-19: Kelantan has submitted report on critical situation to Federal govt,...
Malaysia’s new Covid-19 infections jump to 3,744, with Selangor accounting for...
Negeri Sembilan mosques, suraus must close for a week for breaching SOPs, says...
RON97 petrol up 2 sen per litre to RM2.60; RON95 and diesel unchanged for May 6...
Supermax 3Q net profit jumps to RM1.01b, pays 13 sen special dividend
KLCI closes down 12.58 points at 1,575.67
Dining-in at eateries, buffets at hotels in MCO areas not allowed from tomorrow...
Special Report: Why is Malaysia lagging behind in the vaccination rollout?
Khazanah returns to US dollar sukuk market, prices US$400m and US$600m dual-...
Maersk books record profit on surging freight demand
Palm oil swings with soyoil rally and rising stockpiles in focus
Frontken aims for sustainable growth with expansion plans
MoH said to have approved use of SweeGen's stevia-based sweeteners for F&B...
Court fixes May 31 to hear Maria Chin’s bid for judicial review of Syariah...
Euro zone bond yields edge up as equity markets calm
Ideas On Business And Economics: Malaysia has a chance to reform the teachings...
Govt launches RM3.5b Jaringan Prihatin to subsidise data plan subscriptions,...
Asian equities see foreign inflows for first time this year
Indonesia's Q1 GDP shrank 0.74%, in line with expectations
Golden Pharos, ACME, A-Rank, Engtex, Gopeng, Karyon, LBI Capital, Sedania...
Court fixes case management for IRB's bankruptcy claim against Najib on May 24...
Alternative Views: Role of politicians and ex-civil servants on boards need...
Hartalega's earnings may peak in 1QFY22, says analyst
KLCI closes up 2.66 points at 1,578.33
BNM keeps OPR at 1.75%
All eyes on interest rates
Rising commodity prices may impact F&N in H2