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KUALA LUMPUR: Tenaga Nasional regained its footing while positive news flow from Axiata and higher oil prices boosted Petronas Gas and gave the FBM KLCI a slight boost early Wednesday while the broader market was mixed.
NEW DELHI: India, the world's top importer of vegetable oil, will have to spend billions of extra dollars this year to buy more costly cooking oil from overseas and is mulling cutting taxes on those imports to soften the blow to the economy, industry officials have said.
BEIJING: The growth of foreign direct investment in China will maintain its sound pace this year, thanks to the country’s robust economic recovery and moves to upgrade its industries and further expand local demand, experts and business leaders said on Monday.
KUALA LUMPUR: Blue chips closed slightly lower on Tuesday, weighed down by losses in Tenaga Nasional, Petronas-linked stocks and plantations in a very lacklustre performance as worries about the impact of the lockdown on the economy weighed.
TOKYO: Oil prices rose on Tuesday, with Brent gaining for a fourth consecutive session, as the prospect of extra supply coming to the market soon from Iran faded with talks dragging on over the United States rejoining a nuclear agreement with Tehran.
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on Tuesday, supported by firmer crude oil prices.
PETALING JAYA: After a tough year, stable oil prices and a fresh contract is keeping local oil and gas service provider Uzma Bhd on the radar although the current movement control order remains a hindrance to it achieving a higher level of efficiency.
KKB eyes RM700mil water infrastructure developments in Sarawak