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KUALA LUMPUR: University Teknologi MARA's unit, UiTM Solar Power Dua Sdn Bhd (UiTM Solar 2) has proposed a green SRI Sukuk of up to RM100mil which would be used for its solar plants.
KUALA LUMPUR: Shares of Press Metal Aluminum Holdings Bhd rose to a record high of RM7.30 in late afternoon trade on Tuesday, underpinned by its strong earnings outlook and also the surge in aluminium prices.
KUALA LUMPUR: Sime Darby Bhd's unit is divesting its stakes in three joint ventures operating three river ports in Jining in the Shandong province of China for RM181.6mil as it seeks to exit its non-core assets.
KUALA LUMPUR: The ringgit kicked off the last month of 2020 marginally easier against the US dollar, as the local currency market remains slightly jittery ahead of the delayed Organisation of the Petroleum Exporting Countries (OPEC) quota extension announcement.
KUALA LUMPUR: Kenanga Research has maintained its "outperform" call on RHB Bank Bhd as the bank's management is open to front load more provisions this year, which could help pave the way for an earnings recovery in FY21.
KUALA LUMPUR: Kenanga Research is downgrading its call on AMMB Holdings Bhd to "market perform" on fears that some borrowers coming out of moratorium have started to fall behind in repayments.
KUALA LUMPUR: The Malaysian Estate Owners’ Association (MEOA) wants the government to either suspend or abolish the unfair taxes on the oil palm industry.
NEW YORK: World stock markets dipped on Monday to close a record-breaking month as the prospect of a vaccine-driven economic recovery next year and further central bank stimulus measures eclipsed immediate concerns about the spiking coronavirus pandemic.