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KUALA LUMPUR: Bursa Malaysia ended the first day trading in March in the negative territory with the key index falling by 0.67 per cent, weighed down by selling in glove stocks.
SYDNEY: Australia and New Zealand Banking Group said on Monday it will write down the value of its investment in AMMB Holdings Berhad (AmBank) after the Malaysian bank settled a claim linked to the massive financial scandal at state fund 1MDB.
KUALA LUMPUR: Stocks to watch on Monday include Tenaga Nasional Bhd, FGV Holdings Bhd, Guan Chong Bhd, Malaysia Airports Holdings Bhd, Maxis Bhd, Alliance Bank Malaysia Bhd and AMMB Holdings Bhd, according to JF Apex Research.
TRIVIA time: Why is Section 17A of the Malaysian Anti-Corruption Commission Act 2009 (MACC Act) one with a capital A?
KUALA LUMPUR: The Ministry of Finance (MoF) has announced that AMMB Holdings Bhd (AMMB) has agreed to a RM2.83bil global settlement on all outstanding claims and actions in relation to the AmBank Group’s involvement in the 1Malaysia Development Bhd (1MDB) matter.
PETALING JAYA: Deepwater drilling contractor Seadrill Ltd has filed for bankruptcy protection for its Asian units following the impact of the Covid-19 pandemic on the global economy.
Expansion of 6.5%-7.0% being looked at for 2021-2025
NEW YORK: Goldman Sachs Chief Executive David Solomon's annual pay fell by $10 million, or 36%, in 2020, according to regulatory disclosures filed on Tuesday.
HANOI: Vietnam's ruling Communist Party gathers for its first national congress since 2016 later on Monday with a mission to select new leaders and shape policy for the next five years.