Malaysia News & Highlights

 

Economics

• Fitch cuts CPO price forecast as La Nina seen boosting output

• Six telcos compounded RM700,000 — MCMC

Company Development and Outlooks

• Bintai Kinden to be distributor, licensee for Covid-19 vaccine in Malaysia

• Mr DIY aims to open 307 new stores by end-2021 to drive earnings and market share growth

• Top Glove to pay RM166m to migrant workers, US media says

• Mr DIY IPO to raise RM1.5b, including RM1.2b for promoters

• AirAsia is said to cease funding Indian venture as cash dwindles

• Duopharma to partner with OEM in Indonesia, Singapore

• Maybank sues Dolomite over RM152m outstanding payment

• SCGM seeks to export face masks to US

• PUC inks MOU with Pan Malaysian Pools for potential payment collaboration

Change in Boardroom and Management

• AirAsia X redesignates Lim Kian Onn as deputy chairman

• Tycoon Danny Tan's son Dickson resigns as Tropicana’s deputy CEO

Foreign News

• Dow closes more than 300 points lower after Trump calls off stimulus, causing sudden drop in stocks

• European markets close slightly higher after Trump returns to the White House

• Oil prices drop as Trump calls off stimulus negotiations; Asia-Pacific stocks mixed

• Southeast Asia’s classifieds start-up Carousell aims for profitability in 4 years, potential exit thereafter

• Apple announces 'speed' event next week, new iPhones expected