MARC Ratings Affirms AAA Sovereign Rating For Malaysia

KUALA LUMPUR, Dec 24 (Bernama) -- MARC Ratings has affirmed its unsolicited public information sovereign rating on Malaysia at AAA with a stable outlook based on the credit rating agency’s national rating scale.

Christmas Comes Early As Bursa Malaysia Ends At Nearly 16-Month High

KUALA LUMPUR, Dec 24 (Bernama) -- Bursa Malaysia closed at a nearly 16-month high on Christmas Eve, extending its gains for a fifth consecutive session amid steady market participation and improving domestic sentiment.

Borneo Oil's Associate Verde Resources Applies For Nasdaq Listing

KUALA LUMPUR, Dec 24 (Bernama) -- Borneo Oil Bhd’s quoted investment, Verde Resources Inc, has applied to list its common stock on the Nasdaq stock market, in conjunction with a proposed underwritten public offering in the United States.

Window Dressing Lifts FBM KLCI To Over 15-month High At Midday

KUALA LUMPUR, Dec 24 (Bernama) -- Year-end window dressing continued to support Bursa Malaysia’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI), keeping the index above a 15-month high at midday.

Comprehensive Policy Needed To Uplift Labuan Economy, Says Academic

LABUAN, Dec 24 (Bernama) -- A comprehensive and forward-looking policy framework is needed to revitalise Labuan’s economy that will fully leverage its strategic location, federal territory status and established offshore financial ecosystem, said an academic.

FBM KLCI Opens Lower On Mild Profit-taking

KUALA LUMPUR, Dec 24 (Bernama) -- Bursa Malaysia’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower on Wednesday as mild profit-taking emerged following its recent rally, with trading activity typically softening during the holiday week.

Hextar Global To Acquire three Fertiliser Companies For RM120 Mln

KUALA LUMPUR, Dec 23 (Bernama) -- Hextar Global Bhd announced today that it has entered into conditional share sale agreements with Hextar Industries Bhd (HIB) and Hextar Fertiliser Group Sdn Bhd to acquire the entire equity interests in PK Fert Sdn Bhd (PKFT), PK Fertilizers Sdn Bhd (PKF), and Hextar Fert Sdn Bhd (HFT) for RM120 million. 

KPF Processes Share Capital Withdrawal Applications Totalling RM909.85 Mln From 2020-2025

KUALA LUMPUR, Dec 23 (Bernama) -- Koperasi Permodalan Felda Malaysia Bhd (KPF) has processed applications for the withdrawal of share capital amounting to RM909.85 million from 2020 to 2025, with full payments totalling RM543.6 million made for the years 2020 to 2023.

Kimlun's Unit Secures Construction Contracts Worth RM617.7 Mln In Johor

KUALA LUMPUR, Dec 23 (Bernama) — Kimlun Corporation Bhd’s wholly owned subsidiary, Kimlun Sdn Bhd has secured three construction contracts worth a combined RM617.73 million in Johor.

Bursa Malaysia Extends Rally For Fourth Session On Institutional Buying

By Siti Noor Afera Abu

KUALA LUMPUR, Dec 23 (Bernama) -- Bursa Malaysia’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) continued its upward momentum for a fourth consecutive session, underpinned by ongoing support from domestic institutional investors. 

Bursa Malaysia Ends Morning Session Lower

KUALA LUMPUR, Dec 23 (Bernama) -- Bursa Malaysia ended the morning session lower, weighed down by continued selling in selected heavyweights amid upbeat regional market sentiments.

FBM KLCI Opens Lower On Profit-taking Despite Firmer Broader Market

KUALA LUMPUR, Dec 23 (Bernama) -- Bursa Malaysia’s benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened lower today as investors took profits following yesterday’s solid performance, while the broader market remained on a firmer footing, tracking positive overnight cues from Wall Street.