Australia’s top pension fund boosts critical minerals
AustralianSuper, the nation’s largest pension fund, has amassed a US$7.9bil critical-minerals portfolio that it plans to increase in the next…
Category: Corporate News
Hume Cement net profit jumps to RM61.06mil in 3Q
Hume Cement Industries Bhd’s net profit more than doubled to RM61.06mil in the third quarter (3Q) ended March 31, 2024,…
Petrobras does not rule out buying Braskem stake
Petrobras isn’t ruling out buying a majority stake in Braskem if the petrochemicals producer is at risk of deterioration.
Rise of cloud services augurs well for telco earnings
The market for cloud services in Malaysia is poised for growth, mainly catalysed by the government’s recent adoption of these…
CDL buys Hilton Paris hotel for US$260mil
City Developments Limited (CDL) has acquired Hilton Paris Opera Hotel from funds managed by Blackstone for €240mil (US$260mil).
Glove stocks surge in active trading
Bursa Malaysia-listed rubber glove counters got a huge boost yesterday, following the United States slapping steep tariff increases on China…
MHB gets RM174mil hospital development job
PETALING JAYA: Mitrajaya Holdings Bhd (MHB) has accepted a letter of award from Avisena Healthcare Sdn Bhd for the development…
Franchise Group looks for ways to trim debt
Franchise Group Inc, the firm at the centre of a controversy surrounding B. Riley Financial Inc’s finances, posted steep drops…
Swift Haulage’s 2H to improve on expansion in warehousing
Despite a weak first quarter (1Q24) performance, analysts remain largely positive on Swift Haulage Bhd on the hope the logistics…