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Fintec unit reaches agreement to supply gloves in Europe

KUALA LUMPUR: Global Bhd’s wholly-owned subsidiary, Fintec Glove Sdn Bhd, has reached an agreement with Robayu Corporation to enter into a memorandum of agreement to supply medical grade gloves in Europe.  In a filing with Bursa Malaysia today, the technology incubation

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Top Glove condemns Canadian TV for misleading reports on working conditions

KUALA LUMPUR: Top Glove Corp Bhd has refuted the Canadian Broadcasting Corporation’s (CBC) recent report on its workers’ welfare, saying it is misleading and has damaged the company’s good reputation. The company said the report had intentionally downplayed or excluded altogether the most current remedial

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Cagamas kicks off 2021 with bonds, sukuk issuances worth RM710 mln

KUALA LUMPUR: Cagamas Bhd has launched bonds and sukuk with aggregate issuances of RM710 million to fund the purchase of house financing, housing loans and industrial hire purchases from the financial system. Its president and chief executive officer Datuk Chung

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PERMAI package provides relief for transport industry players

PUTRAJAYA, Jan 18: Applications for the one-off financial assistance of RM500 for taxi and bus drivers, provided under the Malaysian Economic and Rakyat’s Protection Assistance Package (PERMAI) can be made through the Land Public Transport Agency (APAD). Transport Minister Datuk Seri

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Ringgit opens higher against US dollar

KUALA LUMPUR : The ringgit maintained its upward momentum against the US dollar at the opening today on continued buying interest, supported by steadier oil prices, said a dealer. At 9.08am, the local note traded marginally higher at 4.0340/0380 against

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Petronas Dagangan teams up with Maxis to offer enhanced retail experience

KUALA LUMPUR, Jan 13 — Petronas Dagangan Bhd (PDB) and Maxis Bhd have entered into a strategic partnership to jointly offer converged solutions focusing on safety, security and sustainability for businesses. In a joint statement, the companies said the partnership would also focus

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CEO loses RM1 million in Forex investments

MELAKA: Due to the pull of lucrative returns on stock investments, a chief executive officer (CEO) lost RM1 million in foreign exchange (forex) investments he had been involved in since 2018. Head of the Commercial Crime Investigation Department, Melaka Contingent

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Bursa Malaysia lower in early trade

KUALA LUMPUR: Bursa Malaysia was broadly higher in early trade today as yesterday’s selling pressured continued amid weak market sentiment, dealers said. At 9.23 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) lost 3.53 points to 1,599.04 after opening

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Sensex, Nifty hit record high as country approves COVID-19 vaccines

BENGALURU: Indian shares hit record highs on Monday to kick off the first trading week of the new year, after the country gave emergency use approvals to two coronavirus vaccines over the weekend, lifting investor sentiment. The blue chip NSE

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Singapore’s GDP contracted by 5.8 per cent in 2020 – MTI’s advance estimates

SINGAPORE: The Singapore economy contracted by 5.8 per cent for the whole of 2020, according to the advance estimates released by the republic’s Ministry of Trade and Industry (MTI) today. On Nov 23, the MTI announced that Singapore’s gross domestic product (GDP)

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