Billionaire Razon buys 25% stake in Ayala’s Manila Water

MANILA: Philippine billionaire Enrique Razon (pic) will acquire a 25% stake in Ayala Corp-led Manila Water Co Inc ahead of the water company’s contract negotiations with the government.

No reprieve for emerging markets with rout in virus-hit China

FRESH from their worst month since August, emerging-market stocks and currencies are headed for more tumult as investors weigh the economic shocks from the coronavirus outbreak. FRESH from their worst month since August, emerging-market stocks and currencies are headed for more tumult as investors weigh the economic shocks from the coronavirus outbreak.

Shanghai plunges on virus fears to lead fresh Asia market retreat

HONG KONG: Chinese equities plunged almost 8% on Monday (Feb 3) as nervous traders returned from their extended Lunar New Year break, hit by fears that the coronavirus, which has killed more people in China than SARS, could hammer the country's economy.

Equities, ringgit end on the back foot

KUALA LUMPUR: Bursa Malaysia experienced broad-based selling on a day where global equities and commodities were awash with red as fears over the spread of the coronavirus threatened to derail the global economy.

KLCI, ringgit extend decline as Chinese markets tumble

KUALA LUMPUR: The FBM KLCI retraced some of its losses following a sharp retreat in early morning trade as global stocks were rattled by the spread of the Wuhan virus pandemic.

Foreign investors sold RM659.7mil net of local equities

KUALA LUMPUR: There was an exodus of foreign funds from Bursa Malaysia in the previous week as international investors sold RM659.7mil net of local equities.

China vows financial stability with markets bracing for selloff

BEIJING: Chinese regulators unveiled a slew of measures to ensure stability of its US$45 trillion financial system as the nation stepped up the fight against the spreading virus.

Sapura appoints Abdul Jalil as chairman

KUALA LUMPUR: Sapura Energy Bhd has appointed Permodalan Nasional Bhd (PNB) president and CEO Abdul Jalil Abdul Rasheed as its chairman with effect from today (Feb 1).

Virus outbreak a temporary setback for Genting group

The rapid spread of a deadly new virus from Wuhan, China, has dashed expectations of an earlier-than-scheduled opening of the new outdoor theme park by Genting Malaysia Bhd (GenM).

Urusharta in focus