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Apple-supplier Foxconn flags strong start to year as lockdowns spur electronics demand
TAIPEI (Reuters) - Apple supplier Foxconn said it expects first-quarter revenue to rise more than 15% from a year earlier, boosted by strong iPhone sales and robust demand for electronics during lockdowns worldwide to curb the COVID-19 pandemic.
China plans to reduce output of steel, aluminum to achieve carbon neutrality
BEIJING (Global Times): The price of screw-thread steel hit 4,910 yuan (US$759.5) per tonne on Wednesday (March 3), the highest since October 2011, after several provinces announced plans to limit steel production to reduce carbon emissions.
Petronas inks agreement with Sarawak Energy to purchase power supply
KUCHING: Sarawak Energy Bhd today inked a power purchase agreement term sheet with Petroliam Nasional Berhad (Petronas) to provide 90 megawatt (MW) of power supply to the Malaysia LNG complex in Tanjung Kidurong, Bintulu for a term of 20 years.
Honda to sell limited batch of level 3 self-driving cars
TOKYO (Reuters) - Honda Motor Co Ltd on Thursday said it will sell a limited batch of its flagship Legend sedan equipped with level 3 autonomous driving technology that enables vehicles to navigate congested highways.
Bank Negara maintains OPR at 1.75%, growth to improve from 2Q
KUALA LUMPUR: Bank Negara Malaysia maintained the overnight policy rate (OPR) of 1.75% at its monetary policy committee (MPC) meeting on Thursday as latest indicators point to improvements in external demand and continued consumer spending.
GSC purchases MBO Cinemas' assets to strengthen leadership position
KUALA LUMPUR: PPB Group Bhd's cinema arm Golden Screen Cinemas’ (GSC) acquisition of the majority of MBO Cinemas' assets is expected to contribute towards a healthy cash flow and strengthen its leadership position in Malaysia.
Lotte Chemical declares 3.27c dividend for FY20
KUALA LUMPUR: Lotte Chemical Titan (LCT) Holding Bhd declared a dividend of 3.27 sen per share for financial year ended Dec 31,2020 (FY20) and remained upbeat for this year as product prices climbed.
Using genes in the detection and prevention of Covid-19
Genetics plays a crucial role in both detecting Covid-19 and preventing it from causing further harm.
Yemen's Houthis say fired missile at Saudi Aramco site in Jeddah
DUBAI (Reuters) - Yemen's Houthi forces fired a cross-border missile at a Saudi Aramco facility in Saudi Arabia's Red Sea city of Jeddah, a Houthi military spokesman said on Thursday, but there was no immediate confirmation from Saudi authorities.
Kenanga positive on Yinson's commitment to RE
KUALA LUMPUR: Kenanga is positive on Yinson Holdings Bhd's power purchase agreement in Nokh Solar Park in Rajastha, India, as it reaffirms its commitment to its renewable energy expansions.
