Bursa Malaysia Closes Lower On Weaker US Data

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 11 (Bernama) -- Bursa Malaysia ended the week lower, tracking Wall Street’s performance, as higher-than-expected inflation in the United States further diminished hopes for a jumbo US interest rate cut next month.

NXHD Completes Acquisition Of German’s Simon Hegele, Becoming A Fully Owned Subsidiary

KUALA LUMPUR, Oct 11 (Bernama) -- Nippon Express Holdings Inc (NXHD) has announced the successful completion of its acquisition of all shares in German-based SH HoldCo GmbH (Simon Hegele), a group of companies specialising in contract logistics in the healthcare industry.

Labour Market Outlook Remains Positive For Remainder Of 2024 -- HLIB

KUALA LUMPUR, Oct 11 (Bernama) -- Hong Leong Investment Bank Bhd (HLIB) expects Malaysia’s labour market outlook for the rest of 2024 to remain positive, with the unemployment rate likely to hold steady at around 3.2 per cent.

Tealive Expands To Middle East, Partners With Dubai-based Conglomerate

KUALA LUMPUR, Oct 11 (Bernama) -- Loob Holding Sdn Bhd, the owner of tea brand Tealive, has signed a master franchise agreement with Dubai-based conglomerate Eureka Restaurant and Café to bring the brand into the United Arab Emirates (UAE).

Public Bank, LPI Capital Shares Down Amid Proposed Acquisition Announcement

KUALA LUMPUR, Oct 11 (Bernama) -- The share prices of Public Bank Bhd and LPI Capital Bhd contracted following the news of the bank’s proposed acquisition of a 44.15 per cent stake in LPI Capital Bhd to provide a more comprehensive service offering.

Pharmaniaga Appoints EY As New External Auditor Effective Oct 9

KUALA LUMPUR, Oct 10 (Bernama) -- Pharmaniaga Bhd (Pharmaniaga) has appointed Ernst & Young (EY) as its new external auditor, effective Oct 9, 2024.

Public Bank To Acquire 44.15 Pct In LPI Capital For RM1.72 Bln Cash

KUALA LUMPUR, Oct 10 (Bernama) -- Public Bank Bhd has proposed to acquire a 44.15 per cent stake in LPI Capital Bhd, comprising 175.9 million shares, for RM1.72 billion in cash or RM9.80 per share.

Teh Family To Reduce Public Bank Stake To 10 Pct Over Five Years

KUALA LUMPUR, Oct 10 -- The estate of the late Tan Sri Teh Hong Piow and Consolidated Teh Holdings Sdn Bhd will reduce their stake in Public Bank Bhd to 10 per cent over five years from the current 23.4 per cent.

Bursa Malaysia Ends Higher On Bargain Hunting

By Kisho Kumari Sucedaram

KUALA LUMPUR, Oct 10 (Bernama) -- Bursa Malaysia managed to maintain its upbeat momentum to end higher today as bargain hunting emerged following the recent sell-off, an analyst said. 

MIDA Achieves Nearly Half Of RM2.5 Bln Investment Goal At IGEM 2024 As Of 2nd Day

KUALA LUMPUR, Oct 10 (Bernama) -- The Malaysian Investment Development Authority (MIDA) today unveiled seven memoranda of understanding (MoUs) with potential investments of over RM1 billion in the green sector at the International Greentech & Eco Products Exhibition & Conference 2024 (IGEM) here.

MIDF Expects Westports To Achieve 4.2 Pct Container Volume Growth For FY2024

KUALA LUMPUR, Oct 10 (Bernama) -- MIDF Research expects Westports Holdings Bhd’s container volume in the second half of 2024 (2H FY2024) to increase by 2.2 per cent year-on-year (y-o-y) to achieve a full-year growth target of 4.2 per cent.

RHB Positive On Guan Chong MoU With Ivory Coast's CCC, Maintains 'Buy' Call

KUALA LUMPUR, Oct 10 (Bernama) -- RHB Investment Bank Bhd (RHB IB) is positive on cocoa manufacturer Guan Chong Bhd's (Guan Chong) recent memorandum of understanding (MOU) with Ivory Coast's Conseil du Café-Cacao (CCC) to acquire a 25 per cent stake in CotéTranscao d’Ivoire (CI).