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Nestcon secures RM188.5mil construction contract
KUALA LUMPUR: Nestcon Bhd has secured a construction contract worth RM188.5mil from Konsortium Exsim Development Sdn Bhd (KED).
Texchem to buy 28% stake in Sushi King for RM102.2mil
KUALA LUMPUR: Texchem Resources Bhd has proposed to acquire 1.40 million ordinary shares, or 28% stake in Sushi King Sdn Bhd for RM102.2mil cash.
KLCI down 0.8%, but energy stocks up on rising crude prices
KUALA LUMPUR: The FBM KLCI ended lower on Wednesday on profit-taking pressure even as energy stocks rose amid rising crude oil prices.
Banks, tech counters weigh on Bursa
KUALA LUMPUR: The FBM KLCI slid further as it entered midday, reflecting the sell down in equities in anticipation of the start of the US Federal Reserve's rate hike cycle next week.
Bursa Malaysia tracks sharp selling in US markets
KUALA LUMPUR: Bursa Malaysia tracked the sharp decline in US markets to start on a slide as investors pulled out of equities in light of rising interest rates.
Eco World proposes one-for-five bonus issue of warrants
PETALING JAYA: Eco World Development Group Bhd has proposed to undertake a bonus issue of warrants to strengthen its financial position and capital base as well as providing additional working capital for the group.
Weaker ringgit as slower China growth spurs US dollar
KUALA LUMPUR: The ringgit ended the day lower as renewed fears about Covid-19 could dampen the momentum of the global recovery after slower Chinese economic growth data boosted demand for the US dollar.
Deconstructing 5G Rollout in Malaysia — Part 1
DESPITE the broadest publicity, all sort of advocacy and lobbying by various interested parties involved, the so-called single wholesale network (SWN) model proposition by Digital National Berhad (DNB), as it stands today, doesn’t hold water from the perspectives of nation-building, technical feasibility, financial and commercial viability as well as governance and integrity.
