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AMID a short working week due to Memorial Day, the US dollar witnessed a sell-off, losing 1.48% to 98.38, underpinned by global risk-on sentiment – which led to robust buying in the equity space with the Dow Jones rising 3.8% week-on-week (w/w) to 25,401 while the S&P 500 climbing 2.5% w/w to 3,030.
MIRI: A high volume of water is being released from the 210m-high Bakun Dam in central Sarawak due to heavy rain.
KUCHING: Sarawak will allow several government projects in green zones to resume work on May 10, says Datuk Amar Douglas Uggah.
KUCHING: Various private sector organisations have been donating personal protective equipment (PPE) for frontliners in Sarawak through the state disaster management committee.
PETALING JAYA: KKB Engineering Bhd has been upgraded to a “buy” rating from “neutral” by MIDF Research.
KUALA LUMPUR: JF Apex Research expects Gamuda Bhd, UEM Edgenta Bhd, KKB Engineering Bhd, FGV Holdings Bhd, Nexgram Holdings Bhd, M3 Technologies (Asia) Bhd and AT Systematization Bhd (ATS) to be among the stocks to watch on Tuesday.
KUALA LUMPUR: KKB Engineering Bhd has secured a RM15mil tender for the supply and delivery of steel poles from Sarawak Energy Bhd.
KUCHING: Sarawak Energy Bhd (SEB) is taking the necessary measures to keep its power system running, as Sarawakians stay home under the movement control order (MCO).
KUALA LUMPUR: RAM Rating Services Bhd has maintained its “stable” outlook on the Malaysian power sector amid the impending liberalisation of the industry in Peninsular Malaysia.
Separately, the Fed’s Powell in his testimony acknowledged the rising risk of coronavirus (Covid-19) while viewing the underlying strength of the US economy, added with a series of rate cuts last year, is appropriate to withstand the rising challenges on the external front.