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KUALA LUMPUR: CGC-CIMB Equities Research upgrades Malaysian banks from Neutral to Overweight as it expects net profit growth to recover in 2021F to 14.7% (vs. -18.7% in 2020F).
KUALA LUMPUR: Petronas Gas Bhd’s subsidiary Pengerang LNG (Two) Sdn Bhd (PLNG 2)plans to issue of Islamic medium term notes (Sukuk Murabahah) programme of up to RM3bil.
WASHINGTON: U.S. President Donald Trump acknowledged to a journalist early in the coronavirus pandemic that he played down the danger of the health crisis despite having evidence to the contrary, according to a new book.
PETALING JAYA: MGB Bhd has bagged a contract worth RM122.3mil for the construction and completion of a serviced apartment in Cybersouth, Dengkil, in Sepang, Selangor.
KUALA LUMPUR (Bernama) -- MGB Bhd's wholly-owned subsidiary, MGB Construction and Engineering Sdn Bhd has secured a contract worth RM122.3 million from Blee & W Architects Sdn Bhd on behalf of Azhar Mohd Shariff and Koleksi Sigma Sdn Bhd.
KUALA LUMPUR: The auditors of Caely Holdings Bhd has raised doubts whether the company would be able to fully recover RM11.995mil due to a subsidiary for construction work done at a Felcra Bhd housing project.
SINGAPORE: Singapore Exchange Ltd (SGX) has expanded its partnership with global index provider FTSE Russell, under which both parties will jointly develop and market Asian and emerging markets focused, multi-asset index derivatives products.
HAS Wall Street missed the news that we are in a pandemic? The US economy remains battered by the coronavirus outbreak and Congress is deadlocked on another stimulus bill – yet the US stock market just closed at a record high.
BENGALURU (Reuters) - The S&P 500 index hit an all-time high on Tuesday, completing its recovery from the stock market crash after the onset of the coronavirus crisis in February.