Trading of Mui Properties Bhd shares has been suspended today at the company’s request, pending a material announcement. The suspension started at 10.40am, the property developer said in a filing with Bursa Malaysia. In early session today, the stock rose…
Acloud of anxiety was hanging over the British Motor Museum. Alongside showrooms featuring the 1988 Le Mans-winning Jaguar XJR-9 and the Land Rover Defender used in opening scenes of the James Bond film Skyfall, were conference rooms filled with worried…
Equities in emerging Asian markets fell on Friday, with some heading towards their worst month in more than two years as the looming threat of U.S. tariffs under a Trump presidency eroded the attractiveness of Asian assets. Shares in South…
Nov 1 — A rally in plantation stock, SD Guthrie, propelled by a jump in crude palm oil (CPO) price to a fresh 28-month high today, lifted Bursa Malaysia’s barometer index to breach above the key psychological support level of…
Stocks in Singapore and South Korea led declines among Asian equities on Wednesday, with investors cautious ahead of the hotly contested U.S. election next week, while currencies also trended lower with the dollar at a three-month peak. The broader MSCI…
Bursa Malaysia ended higher on Friday, in line with regional markets as investors took cue from Wall Street and celebrated the US Federal Reserve’s big 50 basis point rate cut. The FTSE Bursa Malaysia KLCI (FBM KLCI) closed higher by…
Raw material costs are expected to normalise while natural gas prices are poised to trend downward in the second half of 2024 (2H24), giving room for the glove sector to sustain operating margin. Public Investment Bank Bhd (PublicInvest Research) stated…
Axiata Group Bhd says the weakening of the US dollar against the ringgit and a lower interest rate are expected to significantly improve the company’s balance sheet and profitability. Axiata group chief executive officer and managing director Vivek Sood said…
Environmental campaigners in New York have kept up a campaign of direct action against one of the city’s foremost banking empires, Citi, accusing the group of fueling the climate crisis. Enraged by Citi’s bankrolling of polluting businesses, activists have unleashed…
The earnings of Malaysia Smelting Corporation Bhd (MSC) are expected to be stronger on a quarterly basis in the second quarter of financial year 2024 (2QFY24), though its smelting business remains impacted, said Affin Hwang Investment Bank (Affin Hwang). The…
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