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Petrol prices reach new high in Singapore - above RM10 per litre, despite softer oil prices and amid record profits by energy firms
Fuel pump prices have reached another new high, with posted rates breaching previous records in early March - even though oil prices are around 15 per cent lower than in March.
IOI Corp posts RM411mil earnings in 3Q22
KUALA LUMPUR: IOI Corp Bhd’s net profit rose 2.5% to RM411.2mil in the third quarter ended June 30 (3Q22) from RM401.3mil a year ago due to higher contribution from the plantation segment.
Asian markets up after Wall Street battering over recession fears
Asian markets opened higher Friday, as bargain-hunters capitalised on the battering Wall Street took the day before after decades-high inflation sparked recession fears.
Computer chip giant ASML places big bets on a tiny future
VELDHOVEN, Netherlands (Reuters) - ASML, a semiconductor industry and stock market giant, has to think smaller. Or maybe bigger.
Ringgit rebounds against US$ at opening
KUALA LUMPUR: The ringgit rebounded to open slightly higher against the US dollar today on renewed buying interest amid slightly easing demand for the greenback due to a softer US Treasury yield, an analyst said.
Bursa bounces higher in anticipation of firmer earnings
KUALA LUMPUR: The domestic market rebounded following losses in the previous session as a raft of corporate earnings results are slated to be released in the coming week.
LBS Bina FY22 sales target achievable
PETALING JAYA: LBS Bina Group Bhd’s sales target for financial year 2022 (FY22) appears achievable as it already has a strong booking pipeline and more aggressive new launches planned for the year.
Cahya Mata’s full-year earnings target raised
PETALING JAYA: Following Cahya Mata Sarawak Bhd’s stronger-than-expected results for the first quarter of financial year 2022 (1Q22), some analysts have raised the full-year earnings target for the conglomerate.
Further recovery for Sunway-REIT on the cards
PETALING JAYA: The reopening of international borders and relaxation of pandemic-related restrictions will facilitate a normalisation in Sunway Real Estate Investment Trust’s (SunREIT) income over the coming quarters.
Insight - Is this the SPAC era’s worst deal?
THE abysmal performance of businesses that have gone public by merging with special-purpose acquisition companies (SPACs) has emboldened the United States Securities and Exchange Commission (SEC) to beef up investor protections and disclosure requirements.
