Energy
Brent crude was down 0.85% to US$47.94 per barrel at 3.23pm.
Forex
Ringgit 0.97% to 4.1220 versus the US dollar at 12.50pm.
Top foreign stories
SWIFT to unveil new security plan after hackers’ heists: The SWIFT secure messaging service that underpins international banking said it plans to launch a new security programme as it fights to rebuild its reputation in the wake of the Bangladesh Bank heist. SWIFT will launch a five-point plan later this week. - Reuters
Indonesia eases foreign ownership rules for retail, port sectors: Indonesia has eased foreign ownership rules in the retail sector and port services as part of efforts to liberalise its economy. — Reuters
Top local stories
Hong Leong Bank posts Q3 earnings of RM497.8m: Hong Leong Bank Bhd
posted earnings of RM497.83mil in the third quarter compared with RM519.16mil a year earlier mainly due to higher charge for impairment losses, higher operating expenses and lower writerbacks. — StarBiz
FGV posts Q1 net loss of RM65m, hit by El Nino: Felda Global Ventures Bhd (FGV) posted a net loss of RM65.54mil in the first quarter as its crude palm oil production was severely impacted by the El Nino. This was in stark contrast with earnings of RM3.57mil a year earlier. FGV, the world’s third largest oil palm company, reported on Tuesday a higher revenue of RM3.75bil compared with RM2.71bil a year ago. — StarBiz
Affin Holdings Q1 earnings surge to RM115m: Affin Holdings Bhd saw its earnings surge 284% to RM115.56mil in the first quarter, boosted by lower allowance for loan impairment and higher loan recoveries. Its revenue dipped 0.4% to RM426.92mil from RM428.67mil a year earlier. — StarBiz
Deleum bidding for RM500m jobs: Oil and gas services provider Deleum Bhd is bidding for new contracts worth up to RM500 million this year. The prejects were related to power and machinery, oilfield services and maintenance as well as repair and overhaul works. — Bernama
PBA: No plan to build new dam in Penang: PBA Holdings Bhd unit Perbadanan Bekalan Air Pulau Pinang (PBAPP) has no plans to build another dam in Penang to meet rising demand for water. It is working on enlarging the existing dam. — Bernama
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