Power-hungry data centres to drive TNB’s revenue
Data centres are expected to underpin growth in electricity demand in Peninsular Malaysia.
Banks’ 1Q earnings in line with expectations
Earnings for the banking sector in the first quarter of 2024 (1Q24) have come in broadly in line with analysts’…
Favourable government initiatives to help lift REIT sector
Recently announced government initiatives are expected to support the retail real estate investment trust (REIT) sector but the allure of…
Kenanga Investment Bank to increase stake in Merchantrade Asia
Kenanga Investment Bank Bhd has received Bank Negara’s approval to acquire an additional 15.2% equity interest in Merchantrade Asia Sdn…
Enhanced efforts needed to revitalise tourism sector
The Malaysian government and its related agencies need to intensify efforts to restore the country’s tourism to pre-pandemic levels.
Nasdaq ends higher on tech strength, Dow pulls back
The Nasdaq rallied 1.3% on Tuesday, buoyed by strength in Nvidia and other tech megacaps, while the Dow slipped as…
Trading ideas: Magni-Tech, IOI Propeties, Kenanga IB, Gamuda, Keyfield, TRC, Ramssol, YGL
KUALA LUMPUR: Here is a recap of the announcements making headlines in Corporate Malaysia.
Bargain-hunting could lift market after losing streak
KUALA LUMPUR: There are growing opportunities for bargain-hunting on the domestic market following recent losses, despite the weaker investor sentiment.
Ringgit strengthens on rate hold expectations
KUALA LUMPUR: The ringgit strengthened against the US dollar at the opening today, bolstered by expectations that Bank Negara Malaysia (BNM)…