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Fund support for Petronas stocks, Tenaga lift KLCI
KUALA LUMPUR: Fund buying of Petronas-linked stocks and Tenaga Nasional helped power the FBM KLCI out from the red at the close on Friday but the overall market sentiment was still mixed ahead of the weekend.
As Malaysia braces for power reforms, Tenaga mulls bond programme
KUALA LUMPUR: Tenaga Nasional Bhd is considering setting up a RM10bil (US$2.4bil) Islamic bond programme as it braces for electricity sector reforms.
Higher sales, improved margins power CSC Steel 3Q earnings
KUALA LUMPUR: CSC Steel Holdings Bhd's net profit for the third quarter ended Sept 30,2019 surged by 253% to RM10.53mil from RM2.98mil a year ago, underpinned by improved margins, higher sales and lower production costs.
Iran net outage first to effectively isolate a whole nation
Internet connectivity is trickling back in Iran after the government shut down access to the rest of the world for more than four days in response to unrest apparently triggered by a gasoline price hike.
100 scammers still at large
PUTRAJAYA: Acting on complaints from the public, the Immigration Department deployed 150 personnel for a raid after a month-long surveillance, expecting this to be its biggest-ever crackdown.
Finland has an app that reveals shopping’s true carbon footprint
Shoppers will soon be able to work out the true carbon footprint of their purchases thanks to an app from one of the most digitally savvy nations in the world.
Banks, Tenaga lead KLCI lower, Asian markets down
KUALA LUMPUR: Growing uncertainties about the progress of US-China trade talks sent key Asian markets into the red early Thursday while at Bursa, banks and Tenaga Nasional weighed on the FBM KLCI.
Westpac CEO digs in after bank hit with laundering lawsuit
Sydney: Westpac Banking Corp chief executive officer Brian Hartzer is digging in after the lender was accused of the biggest breach of money-laundering and terrorism financing laws in Australian history, including failing to detect payments linked to child abuse.
MBSB proposes RM10bil sukuk
PETALING JAYA: The Malaysia Building Society Bhd is establishing a sukuk programme (sukuk wakalah programme) of up to RM10bil in nominal value through its wholly-owned subsidiary MBSB Bank Bhd.