bursa malaysia - TipsAggregator

Govt’s Plan to Raise Subsidies Boosts Short Term Market Sentiment and Signals Early Election

KUALA LUMPUR (June 27): The government’s plans to increase subsidies to cover the cost of living are a positive and could improve market sentiment in the short term as this will help maintain consumers’ purchasing power and reduce functional cost pressures on Malaysian companies in the second half of 2022 (2H22). Coupled with the return […]

Husni: Najib’s Instructions to Shahrol Caused 1MDB to Lose US$700 mil

Husni — the 20th execution substantiation of the 1MDB- Tanore trial in which Najib is accused of misappropriating further than RM2 billion of 1MDB funds was under re-examination from lead prosecutor Datuk Seri Gopal Sri Ram, who asked him about Shahrol and Najib.On Wednesday, Najib’s lawyer Tan Sri Muhammad Shafee Abdullah painted a picture to […]

Asia including Malaysia FX bears hit record high image

Asia Including Malaysia FX Bears Hit Record High on Hawkish Fed

Bearish bets on several Asian currencies, including the Malaysian ringgit( snap), hit a record high in the face of rising U.S. interest rates that supported the dollar, while repeated COVID- 19 lockdowns hovered to disrupt economic recovery in China, a Reuters poll found on Thursday. Short positions in the South Korean won, the Singapore dollar, […]

Malaysia to urge for a reset of priorities to ensure seamless trade image

Azmin: Malaysia to urge for a reset of priorities to ensure seamless trade flows at WTO conference in Geneva

KUALA LUMPUR, June 9 ― Malaysia will prompt for a reset of priorities to ensure the World Trade Organization (WTO) is effective in bringing about trade flows as easily and freely at the 12th WTO Ministerial Conference( MC12) in Geneva, said the Ministry of International Trade and Industry (MITI). It’s Senior Minister Mohamed Azmin Ali […]

J&T Express invests RM600 mil to fuel growth ambitions

The logistics industry is the backbone of international trade and commerce. Boasting a global value ofUS$8.6 trillion — according to market and consumer data provider Statista — the industry serves as an essential lifeline for trade and other entrepreneurial conditioning. Asia- Pacific remains one of the leading logistics markets in the world, says the data […]

Takaful Malaysia to leverage business image

Takaful Malaysia to Leverage Business Resilience for Sustainable Growth

KUALA LUMPUR( June 1): Syarikat Takaful Malaysia Keluarga Bhd( Takaful Malaysia) is on track to the forefront of the takaful industry by leveraging its business adaptability for sustainable growth, said group chief executive officer Nor Azman Zainal. He said Takaful Malaysia will concentrate on maintaining market leadership in bancatakaful, treasury, employee benefits, and general takaful, […]

Hibiscus Petroleum 3Q net profit soars nearly 10-fold to RM307.54 mil image

Hibiscus Petroleum 3Q Net Profit Soars Nearly 10-fold to RM307.54 mil, Declares One Sen Dividend

KUALA LUMPUR( May 25) Hibiscus Petroleum Bhd’s net profit in the third quarter ended March 31, 2022( 3QFY22) soared nearly10-fold to RM307.54 million from RM32.03 million a year ago, supported by the recently acquired assets, high average realized oil price, coupled with careful management of costs and effective functional performance. Earnings per share surged to15.32 […]

Maybank 1Q Net Profit Down to RM2.04b From RM2.39b a Year Earlier

KUALA LUMPUR( May 26): Malayan Banking Bhd( Maybank) reported on Thursday( May 26) that its first-quarter net profit dropped to RM2.04 billion from RM2.39 billion a year before as profit fell.In a statement to Bursa Malaysia, Maybank said profit fell to RM11.91 billion in the first quarter ended March 31, 2022( 1QFY22) from RM12.22 billion […]

Govt likely to introduce targeted fuel mechanism image

Azmin: Govt likely to introduce targeted fuel mechanism amid rising crude oil prices

KUALA LUMPUR, May 21 ― The government is likely to introduce a targeted fuel mechanism to buffer the impact of the rising crude oil prices, especially for the lower-income group, said Senior Minister and International Trade and Industry Minister Datuk Seri Mohamed Azmin Ali. He said the government is still working on a suitable structure […]

Bursa Energy index up the most after oil prices jumped image

Bursa Energy Index Up the Most After Oil Prices Jumped 6%

KUALA LUMPUR (May 12) Bursa Malaysia’s Energy index, which tracks oil and gas ( O&G) companies’ share prices, rose about 2 on Thursday (May 12) to come the top percentage gainer among the bourse’s 30 needles following crude oil prices’6 late jump on Wednesday due to crude oil request query after overflows of Russian gas […]