Utility firm Tenaga Nasional Bhd said it has received a sum of RM1.9 billion from the federal government for the imbalance cost pass-through mechanism.

TNB collects RM1.9 bil in ICPT payment from govt

The recent statement by Lembaga Tabung Haji disassociating itself from now-delisted TH Heavy Engineering Bhd (THHE) came following THHE's alleged delay in delivering three vessels under a RM738.9 million government contract, which came to light last month.

What happened to TH Heavy, which Tabung Haji is distancing itself from?

YINSON Holdings Bhd’s share price declined to RM1.81 last month, its lowest level since February 2019. The current downward trend started in January, when the stock was priced at RM2.67 apiece.

Given that, the company — which completed a cash call in June after a one-for-one bonus issue...

Yinson’s RM151 mil buyback a boon to shareholders?

FORGET about the ESG (environmental, social and governance) backlash, oil majors worldwide have hogged the limelight this year given their eye-popping record profits, generous dividends and large allocations for share buyback schemes.

From Exxon Mobil Corp to Shell plc, oil majors’ earn...

Oil bonanza hints at higher Petronas contributions — but not without cost

Focus Lumber Bhd has said its net profit for the second quarter ended June 30, 2022 more than doubled to RM10.61 million from RM4.13 million a year earlier, as higher demand and a strong US dollar more than offset higher costs arising from inflation.

Focus Lumber declares dividend as 2Q profit doubles, sees strong FY22 despite US slowdown

Petronas Chemicals Group Bhd (PetChem), which saw net profit inch higher in the quarter ended June 30 despite lower sales volume on plant turnaround activities, expects prices of olefins and derivatives to stabilise with demand recovery following the easing of restrictions in China ahead of year-end restocking activities.

PetChem declares 25 sen dividend after solid 2Q, sees prices stabilising in 2H

Chemicals group Hextar Global Bhd's net profit in the second quarter ended June 30, 2022 (2QFY22) more than doubled to RM15.3 million from RM7.44 million a year prior, continuing its strong performance for two quarters following the inclusion of its specialty chemicals business.

Specialty chemicals biz helps double Hextar's 2Q profit, maintains one sen dividend

KUALA LUMPUR (Dec 19): Newly-listed end-to-end animal health solution provider, distributor and supplier of food ingredients Rhone Ma Holdings Bhd plans to focus on the regional market, mainly Indonesia, Thailand, Vietnam and the Philippines.

Its managing director Dr Lim Ban Keong said ...

Newly-listed Rhone Ma to focus on existing regional market

KUALA LUMPUR (Feb 6): Shares of KIP Real Estate Investment Trust (REIT) opened at RM1.04 sen or 4 sen above its offer price of RM1 on its Bursa Malaysia's main market debut today.

At 10.40am, its counter was 1% or 1 sen higher at RM1.01 with over 9.2 million shares traded.

KIP...

Muted debut for KIP REIT on Bursa Malaysia

KUALA LUMPUR (Aug 15): Capital A Bhd’s airasia Super App has launched an intercity food delivery service, leveraging on its low-cost carrier services to fly delicacies from Penang to Klang Valley.

airasia launches food delivery via flight from Penang to Klang Valley

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

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