PETALING JAYA: Bursa Malaysia saw net foreign inflow of RM191.3 million last week, breaking a six-week streak of net foreign outflows, said MIDF Research. Foreigners were net buyers every day last week with Monday recording the highest net foreign inflow at RM81.7 million, followed by Friday at RM72.8 million and Thursday at RM21.6 million. “Local … Read more
PETALING JAYA: Bintai Kinden Corp Bhd sub-subsidiary Johnson Medical International Sdn Bhd (JMI) has signed a memorandum of understanding (MoU) with Medical Renewable Care Company (MRC or under its trade name known as Nouveta) to explore a collaboration providing mechanical and engineering (M&E) solutions and services to the healthcare industry of Saudi Arabia and future … Read more
PETALING JAYA: Rockwills International Group has recorded the highest number of wills written in its corporate history in the month of June 2022. The will writing and estate planning group reported a 30% surge in the number of wills written on a year-to-year basis, on the back of global and national challenges. Group CEO Azhar … Read more
PETALING JAYA: Engineering and project management consultant HSS Engineers Bhd has signed a memorandum of understanding (MoU) to become a preferred partner to leading Japanese engineering consultancy firm Oriental Consultants Global Co Ltd (OC Global). Under the partnership, HSS and OC Global will collaborate on potential infrastructure projects in Asean, India and any other country, … Read more
PETALING JAYA: Malaysian Genomics Resource Centre Bhd has entered into a partnership with Saudi Arabia’s United Doctors Hospital (UDH) for collaboration in genomics and cell therapies. Under the three years partnership, Malaysian Genomics and UDH will encourage and promote cooperation in the sales and marketing of genetic screening tests and cell therapy products; collaboration in … Read more
PETALING JAYA: Malaysian online loan comparison and services platform LoanPanda has raised nearly US$295,000 (RM1.3 million) from equity crowdfunding (ECF) as it looks to transform the financial services ecosystem in Malaysia. Valued at US$1.8 million, LoanPanda’s campaign hit its minimum target of RM500,000 in an hour, and by the end of the campaign, the funds … Read more
PETALING JAYA: Malaysia External Trade Development Corp (Matrade) has kickstarted the Mid-Tier Companies Development Programme (MTCDP) for Wave 8, involving 25 high-performing mid-tier companies. Wave 8 of MTCDP will see 25 well-established mid-tier companies, with 14 companies from the manufacturing sector and 11 from the services sector, to participate in a nine-month programme. These companies … Read more
PETALING JAYA: Alliance Bank Malaysia Bhd today announced the appointment of Kellee Kam Chee Khiong as group CEO effective Sept 1, 2022. He will succeed Joel Kornreich, who will complete his tenure as group CEO of the bank on Aug 31, 2022. Kam, 48, will join Alliance Bank after stepping down as chairman and independent … Read more
PETALING JAYA: UMediC Group Bhd (UMC), en route for a listing on the ACE Market of Bursa Malaysia on July 26, aims to raise RM31.11 million in its initial public offering (IPO). UMC will issue 97.22 million new shares at an IPO price of 32 sen per share. Based on the group’s enlarged share capital … Read more
PETALING JAYA: Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) today increased the Overnight Policy Rate (OPR) by 25 basis points (bps) to 2.25%, from 2.00% previously. The ceiling and floor rates of the OPR corridor are correspondingly increased to 2.50% and 2.00%, respectively. OCBC Treasury Research said the fact that the committee has not … Read more
PETALING JAYA: DSR Taiko Bhd made a strong debut on the LEAP Market of Bursa Malaysia today, opening at 92 sen per share, tripling its reference price of 30 sen for a 62 sen premium. The stock closed at RM1.31 with a total of 725,000 shares changing hands. Group CEO Datuk Ng Lian Poh said … Read more
PETALING JAYA: Menara Rezeki Sdn Bhd (MRSB) has entered into a joint venture (JV) agreement with Jiankun International Bhd (JKI) for a RM1.2 billion PKNS flat redevelopment project in Kampong Baru, Kuala Lumpur. The JV will be utilising a company known as Menara Rezeki Properties Sdn Bhd (MRPSB) in which JKI and MRSB have 70% … Read more
PETALING JAYA: I-Bhd, the master developer of i-City Golden Triangle, is seeing signs of renewed optimism, where rebound is evident in all its major developments. The group is set to stride forward with confidence as the rebound in its business activities gathers momentum. Mall traffic is back at 2019 levels of 90% at Central i-City … Read more