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KUALA LUMPUR: Axiata Group Bhd. is pursuing mergers as a key strategy despite an abrupt end to its plan to form an Asian mobile giant with Telenor ASA, its top executive said.
PETALING JAYA:The termination of Telenor ASA and Axiata Group Bhd’s proposed merger will not derail Digi Telecommunications Sdn Bhd’s efforts at collaborating with its ecosystem, especially in the area of 5G.
KUALA LUMPUR: Bursa Malaysia gave up some of the early gains on Tuesday to end the morning session in the red, tracking the cautious key Asian markets, on worries about a breakout of war.
KUALA LUMPUR: Foreign funds staged a solid comeback to Bursa Malaysia last week as they turned net buyers after eight straight weeks of selling, according to MIDF Research.
KUALA LUMPUR: Petronas Chemicals Group Bhd (PetChem) rose over 3.3% iin early trade Tuesday on the back of its entry into specialty chemicals.
KUALA LUMPUR: Oil and gas (O&G) related counters dominated the list of the most active stocks on Bursa Malaysia in early trade on Tuesday.
PETALING JAYA: The spike in the Brent crude oil price due to the attacks on Saudi Arabia’s oil production facilities could be a boon for the local stock market and lead to higher oil revenue for the government.
KUALA LUMPUR: Bursa Malaysia saw a slight recovery this week, registering a net inflow of foreign funds totalling RM247.1 million from Tuesday to Thursday (Sept 10-12) compared with a foreign net outflow of RM198.0 million in the corresponding three-day period last week.
PETALING JAYA: The second largest tobacco company in the country will be undertaking a significant downsizing exercise, just two years after it shut down its manufacturing plant.