Newsfeed – Business News
VERDANT SOLAR TARGETS TO RAISE RM44 MLN VIA ACE MARKET IPO
KUALA LUMPUR: Verdant Solar Holdings Bhd (Verdant) is planning to raise RM44.02 million through its initial public offering (IPO), ahead of its ACE Market listing on Bursa Malaysia Securities Bhd […]
FBM KLCI erases gains in midday pullback
KUALA LUMPUR: Malaysia’s main stock index entered midday on a flat note despite an early lead as profit-taking took over in the absence of strong domestic leads. Read full story […]
Mesiniaga seals RM135.58mil Customs supply deal
KUALA LUMPUR: Mesiniaga Bhd has accepted a RM135.58mil contract from the Ministry of Finance for the provision of marking technology, system development services and comprehensive hardware to the Royal Malaysian […]
Shares cautious in Asia as US government faces shutdown risk
SYDNEY: Share markets got off to a cautious start in Asia on Monday as investors braced for a possible shutdown of the U.S. government, which would in turn delay publication […]
Gold hits record high as soft dollar, rate-cut bets lift appeal
GOLD prices rose to an all-time high on Monday, supported by a weaker dollar and growing expectations that the Federal Reserve is likely to continue with interest rate cuts later […]
FBM KLCI rises in early trade amid US rate cut hopes
KUALA LUMPUR: The FBM KLCI edged higher on Monday as it rode on renewed buying interest, spurred on by hopes the US Federal Reserve will maintain a dovish stance. Read […]
Foreign investors turned net sellers with US$2.29bil outflow in Asia last week
KUALA LUMPUR: Foreign investors turned net sellers in Asian markets last week, snapping a three-week buying streak with total outflows amounting to US$2.29 billion, led by heavy withdrawals from Taiwan. […]
Australian telco Optus suffers fresh emergency call outage
SYDNEY: Australian telco Optus said on Monday it had suffered an emergency call outage in an area south of Sydney, 10 days after a broader disruption that it said had […]
Ringgit flat against US$ amid mixed US Fed signals
KUALA LUMPUR: The ringgit opened flat against the US dollar on Monday as traders remained cautious amid mixed signals from the United States Federal Reserve (US Fed) officials on the […]
No material impact seen from expanded SST
PETALING JAYA: Despite concerns that the expanded sales and service tax (SST) could replace RON95 fuel subsidy cuts as the main driver of price hikes, economists say inflationary pressures remain […]