Newsfeed – Business News
ISF Group eyes RM61.15mil from IPO to fuel business expansion
KUALA LUMPUR: End-to-end piping solutions provider ISF Group Bhd from Johor aims to raise RM61.15 million from its initial public offering (IPO) en route to its listing on the ACE […]
Kinergy-led consortium inks gas turbine supply deal for 1.5GW power plant project
KUALA LUMPUR: A Kinergy Advancement Bhd-led consortium has formalised an equipment supply agreement for a gas turbine and a generator, which it said is a key milestone in the development […]
Handcrafted gold market gaining increased luster
AS record gold prices meet a revival of traditional craftsmanship, Chinese people’s appetite for so-called ancient-style, or gufa, gold jewelry reflects more than investment logic. Read full story Date: 8 […]
Uniqlo owner Fast Retailing books jump in quarterly profit, hikes annual forecast
TOKYO: The Japanese operator of the Uniqlo clothing brand, Fast Retailing, on Thursday said its first-quarter operating profit jumped 34% from a year earlier as it benefited from strong sales […]
Profit-taking in banks drag KLCI into the red
KUALA LUMPUR: The FBM KLCI fell in morning trading as investors took profit from financials after a weak showing by Wall Street’s large-cap banks overnight. Read full story Date: 8 […]
Globaltec’s subsidiary inks partnership to develop gas fields in South Sumatra
KUALA LUMPUR: Globaltec Formation Bhd’s 70%-owned subsidiary NuEnergy Gas Ltd is collaborating with PT Beijing Energy Linking (PT BJEL) to develop its coalbed methane (CBM) Production Sharing Contracts (PSCs) in […]
Australian dollar hovers near highs on many crosses, bonds rally
SYDNEY: The Australian dollar hovered near new highs on many crosses on Thursday, buoyed by the recent bullish run in commodities and prospects of rate rises at home. Read full […]
Oil prices recover, stocks wobble as investors weigh geopolitics, US data
SINGAPORE: Oil prices steadied on Thursday after their recent slide, while stocks were off to a rocky start as investors assessed the implications of deepening geopolitical tensions and mixed U.S. […]
Ringgit opens firmer against US$, major currencies
KUALA LUMPUR: The ringgit opened firmer against the US dollar and major currencies on Thursday, supported by stable regional foreign exchange conditions, despite firmer US economic data overnight. Read full […]
FBM KLCI falls as bearish momentum picks up
KUALA LUMPUR: The FBM KLCI edged lower as trading commenced on Thursday, as investors continued to drag their feet amid the lack of buying enthusiasm for local equities. Read full […]