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KUALA LUMPUR: Permodalan Nasional Bhd (PNB) and its unit trust funds are selling their combined 56.32% stake in Chemical Co of Malaysia Bhd (CCM) to plantation and industrial chemicals group Batu Kawan Bhd for RM292.79mil.
KUALA LUMPUR: Batu Kawan Bhd said it has entered into a deal to buy Permodalan Nasional Bhd's (PNB) entire stake in Chemical Company of Malaysia Bhd (CCM) for RM292.8mil.
KUALA LUMPUR: FGV Holdings Bhd posted a profit before zakat and tax (PBZT) of RM173mil for the third quarter ended Sept 30, 2020, as compared to a loss before zakat and tax (LBZT) of RM363mil in the previous corresponding quarter.
THE signing of the Regional Comprehensive Economic Partnership (RCEP) shows that multilateral trading system is vital in defending the global trading order in fighting against rising protectionism in advanced economies.
CUTS to the GDP forecast in Malaysia as a result of the Covid-19 pandemic have impacted employment opportunities across all sectors with nearly 90,000 job losses reported so far this year, according to the Social Security Organisation (Socso).
SINGAPORE: Hyflux Ltd., in its third year of a debt-restructuring process, supports a plan proposed by Strategic Growth Investments LLC to acquire and privatise the Singapore-based water-treatment company in a transaction including a cash injection of S$208 million ($154 million).
LONDON: Global oil demand will rebound more slowly in 2021 than previously thought because of rising coronavirus cases, OPEC said on Wednesday, hampering efforts by the group and its allies to support the market.
NEW YORK: Oil prices ended nearly 3% higher on Tuesday as hopes that a COVID-19 vaccine is on the horizon outweighed worries about a drop in fuel demand from new lockdowns to contain the virus.