Foreign Investors Remain Net Buyers Last Week, Snapping Up Equities Worth RM271.5 Mln

KUALA LUMPUR, Foreign investors remained net buyers of domestic equities for the sixth consecutive week, recording an inflow of RM271.5 million last week.

In its weekly fund flow report for the week ended Sept 20, 2024, released today, MIDF Amanah …

FTC Development Manager Jailed, Fined Over RM7 Million For Abusing Position

KUALA LUMPUR, The Sessions Court here today sentenced the Development Manager of Felcra Training and Consultancy Sdn Bhd (FTC) to a total of 68 years imprisonment and more than RM7 million in fine for abusing his position by awarding various contract…

Malaysia’s Air Traffic Recovery To Hit 94 Pct In 2024 – MIDF

KUALA LUMPUR, Malaysia’s aviation passenger traffic is now forecast to recover to 94 per cent this year, a sharp increase from the modest four per cent growth initially projected, MIDF Research said.

In a research note today, the firm said it recen…

No Cartel, Monopoly In Fertiliser Supply – NAFAS

KUALA LUMPUR, There is no cartel or monopoly involved in the supply of fertilisers managed by the National Farmers Organisation (NAFAS), said chairman Datuk Zamri Yaakob.

He said the supply of fertilisers to padi farmers is through the chain of Stat…

Preqin Expects Global Alternative Markets To Surpass US$30 Trillion By 2030

KUALA LUMPUR, Preqin in its Future of Alternatives 2029 report forecasted the global alternatives industry to reach US$29.2 trillion in assets under management (AUM) by 2029, from US$16.8 trillion at the end of 2023. (US$1=RM4.20)

In a statement, t…

Penang Moots Building Livestock Waste Processing Centre To Solve Pollution Issues

TASEK GELUGOR, Penang will discuss the proposal to build a livestock waste processing centre in Kampung Selamat here to resolve pollution in Sungai Kereh caused by the discharge of waste from pig farms.

State Housing and Environmental Committee chai…

Govt Needs To Address Gaps In National Grids To Foster Renewable Energy Production

KUALA LUMPUR, The Malaysian government should allocate more resources to improve the national grid and substations, said Singapore’s Asiarecs Pte Ltd.

Its head of trader Louis Looi said this would help prevent issues like those faced by Vietnam, wh…