September CPI drops 1.4% on cheaper fuel

KUALA LUMPUR: Malaysia's consumer price index fell 1.4% in September to 120.1 versus 121.8 in the same month of the preceding year due mainly to the downward pressure on fuel prices.

Hotel association maintains 25% occupancy rate target

PETALING JAYA: The Malaysian Association of Hotels (MAH) is maintaining its average hotel occupancy rate target of 25% for this year, assuming that domestic demand can be sustained.

August inflation down 1.4% on-year on lower fuel prices

KUALA LUMPUR: The Consumer Price Index (CPI) for August fell by 1.4% from a year, mainly due to lower transport and fuel prices but food prices continued to increase.

UOB to open branches on weekends to offer COVID-19 assistance

KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd will open its branches nationwide on the upcoming weekends this month to offer its COVID-19 relief assistance programme.

PetChem joins specialty chemical market with new buy

Petronas Chemicals, Germany’s PCC to build oxyalkylates plant in Kertih

KUALA LUMPUR: Petronas Chemicals Group Bhd and Germany’s PCC SE plant to build an oxyalkylates facility in the Kertih Integrated Petrochemical Complex, Terengganu to produce ethoxylates and polyether polyols.

Vizione joins the ‘glove rush’ with RM30mil capital expenditure

VIZIONE Holdings Bhd has become the latest to join the rush onto the glovemaking bandwagon, after it recently announced a proposed deal to pay RM5mil cash for a 51% majority stake in glovemaker SSN Medical Products Sdn Bhd.

Quick take: Ipmuda jumps 71% on newly secured contract

KUALA LUMPUR: Shares of Ipmuda Bhd surged 71% in early trade Monday after securing a RM78mil engineering, procurement, construction and commissioning (EPCC) contract from Coara Marang Sdn Bhd.

Trading ideas: AirAsia X, LBS, Inix, Ipmuda, Fintec, Ageson

KUALA LUMPUR: Stocks to watch on Monday include AirAsia X Bhd (AAX), LBS Bina Group Bhd, Inix Technologies Holdings Bhd, Ipmuda Bhd, Fintec Global Bhd and Ageson Bhd, according to JF Apex Research.

Zafrul: Govt to help Petronas return to profitability

KUALA TERENGGANU: The government is committed to ensuring that Petroliam Nasional Bhd (Petronas) is able to return to profitability, but it depends on world oil prices.