Energy
Brent crude was 0.62% to US$47.21 per barrel at 3.33pm.
Forex
Ringgit down 0.16% to 4.2745 versus the US dollar at 3.43pm.
Top foreign stories
BoJ holds policy steady, upgrades view on consumption, global growth: The Bank of Japan (BoJ) kept monetary policy steady on Friday and upgraded its assessment of private consumption and overseas growth, signalling its confidence that an export-driven economic recovery was broadening and gaining momentum. — Reuters
Chinese start-up Mobike gains US$600m: Chinese bike-sharing start-up Mobike said it has raised US$600 million in a financing round led by Tencent Holdings Ltd, its biggest financing round to date as it seeks to expand aggressively. With the latest injection, the firm, which has operations in around 100 Chinese cities, has raised over US$900 million since October. — Reuters
Singapore exports shrink again in May but electronics hold up: Singapore’s exports shrank for a second straight month in May, though electronics shipments continued to grow solidly to support an economy that wobbled in the first quarter and faces risks from deleveraging in major trading partner China. Non-oil domestic exports from the city-state dropped 1.2% in May from a year earlier, data showed, after declining 0.7% in April for the first time in five months. — Reuters
Top local stories
Top Glove Q3 net profit surges to RM78m, declares 6 sen dividend: Top Glove Corp Bhd’s net profit jumped 24.4% to RM77.7mil in the third quarter. The glove maker saw its revenue rise 29.3% to RM869.6mil year-on-year while pre-tax profit came in at RM91.5mil, up 24.2% year-on-year, despite a challenging business environment characterised by sharp increases in raw material prices, which affected sales orders. - StarBiz
Hengyuan gets board’s nod for RM684m Port Dickson projects: The Hengyuan Refining Company Bhd board has given the approval for two projects costing a total of US$160mil (RM684.5mil) at its refining complex in Port Dickson. The refiner, formerly known as Shell Refining Company (Federation of Malaya) Bhd, said the board approved the investment for a Euro 4M mogas plant. — StarBiz
Seven aeronautical players keen on KLIA Aeropolis: Seven investors have shown interest to invest in the KL International Airport (KLIA) Aeropolis, said Malaysia Airports Holdings Bhd (MAHB) managing director Datuk Badlisham Ghazali. MAHB would promote the KLIA Aeropolis during its participation in the Paris Air Show scheduled to be held from Monday until Thursday next week, he said. — Bernama
Petronas signs on Johor Port unit to operate Pengerang jetty: Petroliam Nasional Bhd subsidiary PRPC Utilities and Facilities Sdn Bhd has signed on a Johor Port Bhd unit to operate the Pengerang Integrated Complex’s solid product jetty. Petronas said SPT Services Sdn Bhd will provide operating equipment and systems and also manage the jetty’s operations and maintenance. — StarBiz
Fitch affirms Etiqa group’s insurer financial strength: Fitch Ratings has affirmed the ‘A-’ (Strong) insurer financial strength ratings on Etiqa group’s core insurance operating entities: Etiqa Insurance BHD, Etiqa Takaful Bhd and Etiqa Insurance Pte Ltd. The outlook is stable. — StarBiz
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