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CSH acquires 1.07 acres land in PJ for RM10mil
KUALA LUMPUR: CSH Alliance Bhd has acquired a plot of 1.07 acres of industrial land in Petaling Jaya for RM10mil from M Xpress Sdn Bhd.
South Korea looks to break China import dependence and establish ‘supply chain alliances’
South Korea’s president Yoon Suk-yeol is gearing up to reorganise his country’s trade relations by reducing dependence on China and building “supply chain alliances”.
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.
Sime Darby Plantation's 1Q net profit lifted to RM718mil on higher CPO, PK prices
KUALA LUMPUR: Higher crude palm oil (CPO) and palm kernel (PK) prices helped lift Sime Darby Plantation Bhd's net profit in the first quarter ended March 31, 2022, to RM718mil, a 27.76% increase over RM562mil in 1Q21.
Pharmaniaga posts net profit of RM27.72mil in 1Q, declares 0.8 sen div
KUALA LUMPUR: Pharmaniaga Bhd recorded a net profit of RM27.73mil in the first quarter ended March 31, 2022, a 19.8% increase over RM23.14mil in the previous corresponding quarter.
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.
Elon Musk’s Starlink plans to provide Internet access via satellite in Malaysia
Starlink, a high-speed, low-latency broadband Internet provider operated by Elon Musk’s aerospace company SpaceX, plans to expand its footprint in Malaysia to enable the country to increase its Internet penetration rate, especially in rural areas.
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.
World stocks slide as growth fears persist, safe-havens gain
NEW YORK: Global equities fell further on Thursday, unable to sustain a late rally on Wall Street, as investors dumped stocks on fears of sluggish growth and bought safe-haven assets such as government debt and the Swiss franc.
Lowering logistics costs key to competitiveness
HANOI: Lowering logistics costs is key to increasing the competitiveness of Vietnam’s export products and the whole economy.
