Latest
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Corporate News
Fajarbaru wins RM252mil contract from WCT
PETALING JAYA: Fajarbaru Builder Group Bhd has accepted a letter of award from WCT Holdings Bhd in respect of main building works for a two-phase residential development project in Johor Baru, Johor, worth RM252.26mil.
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Corporate News
Axis-REIT disposes of property in Johor for RM162mil
PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) is proposing to dispose of the Axis Steel Centre@SiLC in Nusajaya, Johor to a data centre operator for RM162mil.
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Economy
Data centres make up the bulk of RM144.7bil in approved digital investments
KUALA LUMPUR: The Ministry of Investment, Trade and Industry (MITI) announced today that of the RM144.7 billion approved digital investments between 2021 and 2023, data centres make up RM114.7 billion, creating 39,231 job opportunities.
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Business
Tengku Zafrul: 2,214 EV Charging stations installed, Miti maintains 10,000 target by 2025
KUALA LUMPUR: A total of 2,214 electric vehicle (EV) charging stations were installed as at March 20, 2024, as the Ministry of Investment, Trade and Industry (MITI) maintains its commitment to developing the EV charging infrastructure and getting the targeted 10,000 charging points in place by 2025.
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Markets
FBM KLCI closes at highest in 2 years
KUALA LUMPUR: Continuous buying by funds and gains on heavyweights helped propel the benchmark FBM KLCI index to its highest in two years.
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Corporate News
Country Garden allowed to postpone first payments on three onshore bonds
Embattled Chinese property developer Country Garden said it has won bondholders' approval to further delay payments on three onshore bonds to September, in order to give it more time to raise funds.
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Banking
Thai c.bank says intervenes to ease baht volatility, policy rate 'robust'
BANGKOK: The Bank of Thailand (BOT) has intervened in currency markets at times to ease any excessive moves in the baht while the current policy rate is robust and conducive to economic recovery, central bank officials said on Wednesday.
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Banking
Indonesia's central bank delivers surprise rate rise to support rupiah
JAKARTA: Indonesia's central bank delivered a surprise rate hike on Wednesday, stepping up efforts to support the rupiah currency against selling linked to global risk aversion and a delay in the expected timing of any U.S. policy easing.
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e-Commerce
E-commerce bolsters consumption
CHINA's burgeoning e-commerce sector has played a vital role in bolstering the recovery of consumption, improving people's livelihoods and shoring up the economy as an increasing number of shoppers opt for high-quality and diversified products via online marketplaces, experts said.
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Markets
ACE Market-bound Farm Price aims to raise RM24.5mil from IPO
KUALA LUMPUR: Farm Price Holdings Bhd aims to raise RM24.5 million from its initial public offering (IPO).
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Corporate News
PCG to focus on advancing growth initiatives, strengthening operational performance
KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) is focused on advancing its growth initiatives and strengthening its operational performance despite the expectation that 2024 will continue to be a challenging year.
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Corporate News
HSS Engineers declares 1.21 sen dividend on strong FY23 financial performance
KUALA LUMPUR: HSS Engineers Bhd has announced a final single-tier dividend of 1.21 sen per share in respect of the financial year ended Dec 31, 2023 (FY23), a significant increase from the previous year’s dividend of 0.92 sen per share.
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Forex
Asian FX gain as dollar droops, stocks track Wall Street higher
ASIAN emerging market currencies rose on Wednesday on the back of a weaker dollar, while Wall Street's rise rubbed off on regional stock markets, which were led by Taiwan and South Korea.
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Corporate News
I-Bhd announces RM100mil investment pledge from major shareholder
KUALA LUMPUR: Property group I-Bhd has announced a RM100 million investment pledge in redeemable preference shares from its major shareholder and chairman Tan Sri Lim Kim Hong.
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Corporate News
Heineken sells more beer in Q1, sticks to outlook
HEINEKEN sold more beer in the first quarter, reporting its first quarterly year-on-year growth in volumes in a year, and stuck to its forecast for profit growth in 2024.
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Markets
GFM Services to transfer to Main Market on April 26
KUALA LUMPUR: Bursa Malaysia has announced the transfer of the securities of GFM Services Bhd to the Main Market under the “industrial products & services” sector from ACE Market on April 26.
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Cryptocurrency
MYEG, Zetrix and MaiCapital to explore launch of virtual asset funds
KUALA LUMPUR: MY EG Services Bhd and Zetrix Foundation are exploring a collaboration with Hong Kong-based virtual asset manager MaiCapital on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.
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Markets
Asian shares jump on tech boost; fragile yen on intervention watch
SINGAPORE: Asian stocks rose sharply on Wednesday led by tech stocks as investors' focus shifts to earnings from U.S. tech bellwethers this week, while the yen remained mired near 34-year lows, keeping traders wary of intervention from Japanese authorities.
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Plantations
MPOB intensifying oil palm industry R&D strategies, says chairman
KUALA LUMPUR: The Malaysian Palm Oil Board (MPOB) will analyse research projects and issues in the Malaysian oil palm industry to ensure that it will continue to drive growth and progress towards a lucrative and sustainable future.
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Markets
Hong Kong bourse operator's Q1 profit down 13% on weaker listings, trading
HONG KONG: Hong Kong's bourse operator on Wednesday reported a narrower than expected 13% drop in first-quarter profit, as sluggish trading and muted listing activities weighed on its businesses.