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.
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.
KUALA LUMPUR, Oct 10 (Bernama) -- Bursa Malaysia stayed higher at midafternoon with bargain hunting in select heavyweight stocks and mild selling in lower liners and smaller caps.
KUALA LUMPUR, Oct 10 (Bernama) -- RHB Bank Bhd’s net interest margin (NIM) for the third quarter of 2024 (3Q2024) is expected to surpass the 1.89 per cent recorded in the second quarter, driven by a recent 10 basis points (bps) reduction in board fixed deposit rates and easing deposit competition, among other factors.
KUALA LUMPUR, Oct 10 (Bernama) -- Bursa Malaysia maintained its uptrend at midday, with the key index increasing by 0.48 per cent, lifted by buying interest in selected heavyweights amidst firmer performance in regional markets.
KUALA LUMPUR, Oct 10 (Bernama) -- Malaysia’s natural rubber (NR) production decreased by 5.2 per cent to 35,979 tonnes in August 2024 against 37,960 tonnes in July 2024, according to Statistics Department Malaysia (DOSM).
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.
KUALA LUMPUR, Oct 10 (Bernama) -- The ringgit opened lower against the US dollar as the minutes of the US Federal Reserve (Fed) meeting showed Fed officials were divided on whether to cut interest rates by half a point in September, implying smaller cuts going forward, said an analyst.
By Kisho Kumari Sucedaram
KUALA LUMPUR, Oct 10 (Bernama) -- Bursa Malaysia advanced at the opening today, tracking a stronger Wall Street performance overnight , said an analyst.
KUALA LUMPUR, Oct 9 (Bernama) -- Skyworld Development Bhd’s wholly-owned subsidiary, Aspirasi Cekap Sdn Bhd (ACSB), has entered into a joint development agreement with PR1MA Corporation Malaysia to build affordable homes.
LABUAN, Oct 9 (Bernama) -- The increasing interest in digital assets and alternative financial instruments is driving innovation and growth within Labuan's financial sector.
By Kisho Kumari Sucedaram
KUALA LUMPUR, Oct 9 (Bernama) -- Bursa Malaysia closed flat on Wednesday as caution weighed on sentiment amid a mixed performance in regional bourses, an analyst said.
