Latest
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Corporate News
Shin Yang in RM118mil vessel deal
Shin Yang Group Bhd has entered into a sale and purchase agreement with DESB Marine Services Sdn Bhd for the construction, build and sale of a 91M maintenance/ work vessel worth RM117.7mil.
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Corporate News
TNB terminates renewable energy power purchase deal with Reneuco
Tenaga Nasional Bhd (TNB) has terminated the power purchase agreement (PPA) with Reneuco Bhd's 95% subsidiary, PKNP Reneuco Suria Sdn Bhd (PRSSB), in relation to the development of a 50MWac solar photovoltaic plant in Pahang.
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Economy
Prospects for economy, equity market stay bright
CGS International Research (CGSI Research) remains positive about the prospects for Malaysia's economy and equity market, citing improving macro fundamentals, resilient consumer spending and policy stability.
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Property
Strata overhang to ease if prudence continues
The property overhang situation could ease further if more developers adopt a cautious approach and be more discerning in their launches.
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Corporate News
Sunway to proceed with IJM takeover
Sunway Bhd says the conditional voluntary take-over offer to acquire all the 3.51 billion ordinary shares in IJM Corp Bhd at an offer price of RM3.15 per share is proceeding.
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Economy
Glovemakers shift focus as China floods markets
Malaysian glovemakers appear to be retreating from non-US markets as China keeps dumping its excess glove capacity at razor-thin margins, analysts say.
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Corporate News
Carimin acquires 19.5% stake in Sealink International for RM40mil
Carimin Petroleum Bhd is acquiring 97.5 million shares or a 19.5% stake in Sealink International Bhd from its executive chairman, Lo Ling for RM39.98mil.
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Corporate News
KIP-REIT expects higher traffic at its malls
Real Estate Investment Trust (KIP-REIT) expects to see higher footfall across its malls, underpinned by festive seasons, the Sumbangan Asas Rahmah (Sara) financial aid scheme and the grand reopening of KIPMall Tampoi in Johor.
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Corporate News
Oxford Innotech wins RM4.8mil data centre job
Oxford Innotech Bhd has accepted a letter of award from the Singapore office of an Australia-based data centre and computer room infrastructure specialist to supply precision steel components for data centre airflow management.
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Corporate News
Suria Capital appoints new chairman
Suria Capital Holdings Bhd has appointed Datuk Seri Abd Rahman Dahlan as its chairman.
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Corporate News
Maybank’s sustained returns growth ambition
Malayan Banking Bhd's (Maybank) growth trajectory over the next five years is expected to hinge on its ability to convert strategic ambition into sustained returns, with analysts broadly constructive that its newly unveiled ROAR30 plan sets a clearer path towards higher profitability and valuation uplift amid a supportive macroeconomic backdrop.
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World
Riga hosts int'l conference on combating financial crime
RIGA, Jan. 21 (Xinhua) -- An international conference focused on strengthening cooperation and safeguarding the international financial system was held in Riga, Latvia, on Wednesday.
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World
Two killed by high waves, floodwaters as severe weather hits Greece
ATHENS, Jan. 21 (Xinhua) -- Two people were killed on Wednesday as a severe weather system swept across Greece, authorities said.
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Football
Athletic Bilbao fight back to beat Atalanta 3-2 and keep alive Champions League hopes
BERGAMO, Italy, Jan 21 (Reuters) - Athletic Bilbao mounted a superb second-half comeback to defeat Atalanta 3-2 in the Champions League on Wednesday, giving the Spanish side renewed hope of progressing to the playoff qualification round.
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Football
Soccer-Lopez double fires Barcelona to 4-2 comeback win at Slavia Prague
Jan 21 (Reuters) - Barcelona came from behind to defeat Slavia Prague 4-2 on a freezing night in the Champions League on Wednesday, with Fermin Lopez scoring twice and Dani Olmo and Robert Lewandowski adding second-half goals to secure the victory.
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Commodities
Oil prices settle higher on expected tighter supply
Oil prices closed 0.5% higher on Wednesday on optimism around tighter supply after a temporary shutdown at two large fields in Kazakhstan and as low volume of Venezuelan oil exports highlighted slow progress in reversing output cuts in the South American country.
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Football
Soccer-Juventus clinch playoff place with 2-0 win over Benfica
TURIN, Italy, Jan 21 (Reuters) - Juventus guaranteed themselves at least a Champions League playoff place with a 2-0 home win over Benfica on Wednesday, their third successive victory coming thanks to second half goals from Khephren Thuram and Weston McKennie.
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Football
Soccer-Newcastle ease to 3-0 win over PSV to book knockout place
NEWCASTLE, England, Jan 21 (Reuters) - Yoane Wissa scored his first Champions League goal as Newcastle United eased to a 3-0 home win over PSV Eindhoven at St James' Park on Wednesday to seal their place in the knockout stages of the competition for the first time.
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Markets
Wall Street jumps on Greenland framework deal
Wall Street ended higher on Wednesday, with the S&P 500 posting its biggest one-day percentage gain in two months, as investors were buoyed by news that a framework for an agreement on Greenland had been reached and the possibility of new US tariffs on European allies had been averted.
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Football
Soccer-Chelsea's Caicedo scores to break stubborn Pafos defence
LONDON, Jan 21 (Reuters) - Chelsea boosted their chances of a Champions League top-eight finish on Wednesday when Moises Caicedo headed home from a corner in the 78th minute to break down a stubborn Pafos defence.The London side squeezed into eighth in the table on goal difference with one match to go - a tough away game at 25th-placed Napoli, managed by former boss Antonio Conte.
