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Supermax 3Q profit takes a hit due to WRO, lower selling prices
KUALA LUMPUR: Supermax Corporation Bhd’s net profit took a dive to RM13.01 million in the third quarter (Q3) ending March 31, 2022, from RM1.01 billion a year earlier as sales continued to be adversely impacted by the withhold release order (WRO) imposed by the United States coupled with the downtrend in selling prices and demand.
S&P: Malaysia to continue leading Islamic banking growth in southeast Asia
KUALA LUMPUR: Malaysia is on track to continue leading the growth of Islamic banking in Southeast Asia, said S&P Global Ratings.
Indonesia to audit palm oil companies, ask for onshore HQ
JAKARTA (Reuters): Indonesia will audit all palm oil companies operating in the country and require them to move their headquarters onshore amid efforts to improve governance of the sector, senior cabinet minister Luhut Pandjaitan told local media.
Fuel prices: RON97 price soars to another high of RM4.70 per litre
KUALA LUMPUR: The retail price of RON97 petrol will go up by 37 sen to another record high of RM4.70 per litre from May 26 to June 1.
Cricket-Australia players raise concerns about touring Sri Lanka during crisis
(Reuters) - Australia's squad have raised ethical concerns about their upcoming tour of Sri Lanka with the island nation in the midst of an economic crisis but will back a decision to go ahead with the visit, Cricket Australia (CA) CEO Todd Greenberg said.
Russia pushed closer to brink of default after U.S. payment license expires
WASHINGTON/LONDON (Reuters) -The United States pushed Russia closer to the brink of a historic debt default on Wednesday by not extending its license to pay bondholders, as Washington ramps up pressure on the country following its invasion of Ukraine.
Thailand reaping food export windfall with protectionism rising
BANGKOK (Bloomberg): Thailand -- a major exporter of sugar, chickens and rice -- looks set to benefit as many of its Asian neighboUrs limit shipments of agricultural commodities to shelter consumers from surging prices.
Focus Point sets aside RM16mil capex for FY22
PETALING JAYA: Focus Point Holdings Bhd (Focus Point) has set aside a higher capital expenditure (capex) of RM16 million for the financial year ending Dec 31, 2022 (FY22) against RM13.57 million in FY21, which would mainly be used for the opening of new outlets and upgrading old stores.
Oil prices edge higher on tight supply, firmer demand expectations
SINGAPORE: Oil prices rose on Wednesday, buoyed by tight supplies and the prospect of rising demand from the upcoming start of the summer driving season in the United States, the world's biggest crude consumer.
