3y

Ringgit extends uptrend against greenback, Bursa rebounds

Local note rises to 4.4795/4835 from yesterday’s closing rate of 4.4820/4860

3y

‘Malaysia to develop sugar cane industry, reduce dependency on Brazil’

Country now entirely dependent on importing raw sugar, notes Rafizi Ramli

3y

US stocks rebound as bank shares rally, while oil prices tumble

Worries lift a little about contagion from SVB collapse

3y

Pharmaniaga CEO Zulkarnain resigns effective today

Company’s board forms executive committee to perform functions of vacated top post

3y

Almost 80% of labour shortage in plantation industry resolved: Fadillah

Situation, however, remains challenging in certain parts of country such as S’wak, says deputy PM

3y

Asian markets sink as SVB contagion fears hit banking sector

Yields on govt bonds worldwide tumble amid banking crisis as risk of recession grows

3y

Ringgit firmer against US dollar as greenback weakens after SVB collapse

Bursa also lower, tracking Wall Street as American banking industry comes under scrutiny

3y

SVB collapse not expected to directly impact Bursa, M’sian firms: analysts

They note local banking system highly regulated, asset quality risks well contained

3y

Agrobank approves moratorium applications worth RM22 mil for flood-affected farmers

90 new ones worth RM10 mil being processed, says its president

3y

Dividend payment to govt based on affordability: Petronas

This comes as company asked to pay from RM35 bil to RM40 bil this year

3y

Petronas posts best-ever performance in FY2022 as net profit soars 51%

National oil company also records all-time-high revenue of RM375.3 billion

3y

HSBC buys failed US bank SVB’s UK arm for £1 in rescue deal

Finance Minister Jeremy Hunt assures no govt money was involved, all customer deposits have been safeguarded

3y

Miti will streamline strategy to pull more foreign investments: Chin Tong

Malaysia has opportunity to become high-income nation due to strategic location, he says