Tag: BURSA MALAYSIA

Bursa Malaysia, UMW, and Maybank are partnering to develop a centralized sustainability platform that will help listed companies enhance ESG disclosures, track carbon emissions, and support green financing initiatives. Created with London Stock Exchange Group, the platform aims to accelerate decarbonization across corporate supply chains.

Tesla receives Malaysian approval to import electric vehicles, triggering a stock market surge. EV-related companies like KESM Industries, Pentamaster, and Genetec Technology see significant share price increases, reflecting market excitement about Tesla's strategic expansion into Malaysia.[100 words]

Rapid Synergy Bhd's chairman, Yu Kuan Chon, deceived shareholders with fraudulent misrepresentation in the 2021 Annual Report. The company hid related parties to avoid a mandatory takeover offer.

Discover how the Yu Syndicate, led by brothers Yu Kuan Chon and Yu Kuan Huat, allegedly swindled RM800 million from Rapid Synergy Shareholders through land scams involving Malaysian public companies YNH Property BHD and Rapid Synergy BHD.

Delve into the alleged shady scheme used by the Yu Syndicate, controlled by Yu Kuan Chon and Yu Kuan Huat, to siphon RM1 billion from YNH Property BHD through joint ventures involving 18 dead or frozen projects.

Bursa Malaysia announces 21 new additions to the FTSE4Good Bursa Malaysia (F4GBM) Index, increasing total constituents to 98. The index, launched in 2014, tracks companies with strong environmental, social, and governance (ESG) principles, reflecting a growing focus on sustainable investing in Malaysia.

- Asian stocks show modest gains amid concerns about global economic slowdown and Federal Reserve interest rate hikes. Hong Kong and China markets rise, while Australian and Japanese indexes decline, reflecting investor sentiment and ongoing economic challenges.

Bursa Malaysia closed 1% lower with 629 losers versus 347 gainers. The ringgit rose to a three-month high at 4.4760, up 0.43% against the US dollar. Foreign investors bought RM341 million in stocks, signaling potential market recovery and interest in upcoming political and economic developments.

Boustead Plantations Bhd expects continued volatility in palm oil prices for the remainder of the year. High production costs from increased minimum wages, fertilizer, and diesel prices will impact profitability. The company remains optimistic about cost management and crop enhancement strategies for 2022.

Bursa Malaysia concluded Wednesday's trading session with a slight upward movement, gaining 3.08 points to close at 1,491.35. The local market saw mixed performance with more losing stocks than gainers, while the Malaysian ringgit weakened to its lowest point against the US dollar since 1998, trading at 4.5028.