Ringgit opens unchanged against greenback
At 9.00am, the local note stood at 4.3870/3915 versus the greenback from Friday’s close of 4.3870/3910. — Reuters pic Monday, 23 May 2022 9:30 AM...
Asia markets tussle with inflation and rates concerns
In early trade, Australian shares gained 0.2 per cent while Japan’s Nikkei stock index was 0.85 per cent higher. — Reuters pic Monday, 23 May...
MIDF Research: Foreign investors remain net buyers last week with net inflows of RM26.15m
MIDF Research said to date, international funds have been net buyers for 16 out of the 20 weeks of 2022, with total net inflows of...
Oxfam tells Davos: Time to tax growing billionaire club
The international charity said it was time to tax the rich to support the less fortunate as the global elite gathered at the Swiss mountain...
Global elites return to Davos under Ukraine storm
A sign of the World Economic Forum is seen on glass at the congress centre ahead of the World Economic Forum (WEF) annual meeting in...
Public Investment Bank maintains ‘neutral’ call on IOI Corp
On Friday, IOI Corporation Bhd announced an improved net profit of RM411.2 million in the third quarter ended March 31, 2022 (Q3 2022) from RM401.30...
Malaysia’s food inflation to remain on upward path, says Midf Research
MIDF Research said global food inflation remained elevated, particularly the prices of corn, grain and vegetables. — Picture by Devan Manuel Monday, 23 May 2022...
Research houses positive on Pharmaniaga despite lowering target price
Pharmaniaga posted a 20 per cent higher net profit of RM27.73 million for the quarter compared to RM23.14 million a year ago, while its revenue...
MPDT Capital moots RM1b desalination plant in Penang to process seawater into potable water
Deputy Environment and Water Minister Datuk Mansor Othman (centre), MPDT Capital Berhad CEO Datuk Dr Nik Zamri Abdul Majid (left) and Spektra Watertech Sdn Bhd...
Kenanga adjusts Sime Darby Plantation 2022-23 EPS, price to stay firm
The research house maintained Sime Darby Plantation’s average crude palm oil price at RM4,000 per tonne for financial year 2022 (FY22) and RM3,500 for FY23,...