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The week ahead - Inflationary pressure, Singapore CPI, GDP, Monetary policy decisions
INFLATION data for April 2022, which will be the key focus this week, is expected to remain at around 2%.
Telcos seek a minimum 51% stake in DNB
PETALING JAYA: Malaysia’s four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them minority ownership, according to a letter sent by the firms to the Finance Ministry (MoF).
Malaysia's biggest telcos seek majority stake in 5G agency
KUALA LUMPUR: Malaysia's four largest telecommunications firms are seeking a majority stake in a state 5G agency, countering a proposal by the government to offer them minority ownership, according to a letter sent by the firms to the finance ministry.
US plunge sends domestic shares lower
KUALA LUMPUR: The domestic market opened weaker on Thursday as the plunge on Wall Street overnight revived fears of slowing economic growth due to rising inflation in global markets.
FBM KLCI sustains rally in anticipation of earnings results
KUALA LUMPUR: The FBM KLCI was positive at midday ahead of the peak results period and as investors regained some appetite for equities following a bounce in US markets.
IWH appoints Shahril Ridza Ridzuan as independent non-executive chairman
KUALA LUMPUR: Iskandar Waterfront Holdings has appointed Tan Sri Shahril Ridza Ridzuan as its independent non-executive chairman, effective May 18, 2022.
Axiata to gain from its regional exposure
PETALING JAYA: Axiata Group Bhd’s Indonesian results came in below expectations in the first quarter of this year, but the group’s regional exposure and focus on emerging countries may deliver better growth potential.
Bursa remains mildly optimistic
KUALA LUMPUR: Bursa Malaysia maintained a cautious upward momentum ahead of corporate earnings results later this month as investor picked up bargains in hopes of positive surprises.
M’sians in Sri Lanka advised to be cautious
KUALA LUMPUR: Malaysia's High Commission in Sri Lanka has advised Malaysians residing in the island nation to be cautious and always adhere to the rules and regulations there following the ongoing economic crisis and security situation in that country.
Serba Dinamik sees frenzied selling as trading suspension is lifted
KUALA LUMPUR: Serba Dinamik Holdings Bhd's share price plunged on heavy trading volume as trading in the company's securities resumed for the first time since they were suspended on Oct 22, 2021.
