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Petronas expected to post higher earnings for FY21
Petronas expected to post higher earnings for FY21
Historic high CPO price a boon for FGV
Historic high CPO price a boon for FGV
Agong urges govt to focus on eradicating hardcore poverty
Agong urges govt to focus on eradicating hardcore poverty
Some 75 Malaysian students evacuated following Queensland floods
Some 75 Malaysian students evacuated following Queensland floods
Agong: Transition to endemic phase must be done carefully
Agong: Transition to endemic phase must be done carefully
Anwar submits motion to debate Leissner’s revelation
Anwar submits motion to debate Leissner’s revelation
KPJ Healthcare returns with maiden wakalah sukuk
KPJ Healthcare returns with maiden wakalah sukuk
The Malaysian Reserve
The Malaysian Reserve
162 programmes for WAVE 2021 Festival this year
162 programmes for WAVE 2021 Festival this year
Azmin: Russia-Ukraine conflict will affect global economy
Azmin: Russia-Ukraine conflict will affect global economy
KPS’ transformation programme boosts earnings to RM1.3b
KPS’ transformation programme boosts earnings to RM1.3b
SAY, YRMS help the needy through ‘Kita Bantu’ programme
SAY, YRMS help the needy through ‘Kita Bantu’ programme
Job vacancies increase by 143.2%
Job vacancies increase by 143.2%
eWages to monitor payment for foreign workers
eWages to monitor payment for foreign workers
BMW, Regas rolls out EV facility in Sarawak
BMW, Regas rolls out EV facility in Sarawak
CIMB’s 4Q21 profit rises on lower provisioning
CIMB’s 4Q21 profit rises on lower provisioning
RHB expects loan growth to grow between 4% and 5% in FY22
RHB expects loan growth to grow between 4% and 5% in FY22
Kerjaya Prospek to launch 2 property projects
Kerjaya Prospek to launch 2 property projects
Farm Fresh sets IPO price at RM1.35 per share
Farm Fresh sets IPO price at RM1.35 per share
BIZ in BRIEF
BIZ in BRIEF
YTL to benefit from possible revival of the HSR and MRT 3 projects
YTL to benefit from possible revival of the HSR and MRT 3 projects
DRB-Hicom expected to post better sales in FY22
DRB-Hicom expected to post better sales in FY22
Mah Sing’s 2Q21 earnings get boost from affordable homes launches
Mah Sing’s 2Q21 earnings get boost from affordable homes launches
KLCI ends firmer
KLCI ends firmer
Oil soars as more sanctions on Russia
Oil soars as more sanctions on Russia
GLOBAL Commodities
GLOBAL Commodities
Ukraine crisis risks pushing Sri Lanka closer toward default
Ukraine crisis risks pushing Sri Lanka closer toward default
China to add 3,000 ‘little giants’ this year to spur innovation
China to add 3,000 ‘little giants’ this year to spur innovation
Indonesia tycoon teams up with Bukalapak for online grocery push
Indonesia tycoon teams up with Bukalapak for online grocery push
Russia hikes rates to highest since 2003
Russia hikes rates to highest since 2003
Russian planes face grounding risk
Russian planes face grounding risk
Norwegian energy giant Equinor to pull out of Russia
Norwegian energy giant Equinor to pull out of Russia
Ukraine says Russian troops ‘reduced pace of offensive’, China calls for de-escalation
Ukraine says Russian troops ‘reduced pace of offensive’, China calls for de-escalation
UN: Over 100 civilians killed in Ukraine war, including 7 children
UN: Over 100 civilians killed in Ukraine war, including 7 children
World’s biggest plane destroyed in Russian attack on airfield
World’s biggest plane destroyed in Russian attack on airfield
Rooftop rescues in Australia as tens of thousands evacuated from floods
Rooftop rescues in Australia as tens of thousands evacuated from floods
Singapore court rejects latest gay sex ban challenge
Singapore court rejects latest gay sex ban challenge
Hugs, tears as ‘Fortress New Zealand’ relaxes border
Hugs, tears as ‘Fortress New Zealand’ relaxes border
How a pensioner made Spanish banks rethink counter services
How a pensioner made Spanish banks rethink counter services
Deaf drama CODA wins top prize at SAG awards
Deaf drama CODA wins top prize at SAG awards
Assembly is an ambitious, joyful collage of black art and voguing
Assembly is an ambitious, joyful collage of black art and voguing
Sidewalk is new catwalk outside Milan fashion shows
Sidewalk is new catwalk outside Milan fashion shows
Russia facing World Cup exile
Russia facing World Cup exile
Ice day for a swim: Braving America’s ice water ‘Olympics’
Ice day for a swim: Braving America’s ice water ‘Olympics’
Jazz eclipses Suns 118-114
Jazz eclipses Suns 118-114
Straka scores 1st for Austria with Honda Classic win
Straka scores 1st for Austria with Honda Classic win
SPORTS in BRIEF
SPORTS in BRIEF
Liverpool wins League Cup
Liverpool wins League Cup
The Reds has lifted the League Cup a record 9 times, while Klopp is the 1st German manager to win the tournament
Former Olympian R Subramaniam dies
Former Olympian R Subramaniam dies
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Russia hikes rates to highest since 2003The interest rate will increase from 9.5% to 20%, before ruble trading was due to open at 10am local time yesterdayDUBAI • The Bank of Russia raised its key interest rate to the highest in almost two decades and imposed some controls on the flow of capital in a bid to shield the economy from the impact of sweeping Western sanctions that include penalties on the regulator itself.The interest rate will increase from 9.5% to 20%, the central bank said in a statement before ruble trading was due to open at 10am local time yesterday. It also temporarily banned brokers from selling securities held by foreigners starting yesterday on the Moscow Exchange, without specifying which securities the ban applies to. Authorities also introduced mandatory hard-currency revenues sales for exporters.The emergency steps represent the most forceful measures taken by Russia after the latest round of sanctions, with the US and the European Union agreeing to potentially block access to much of the US$640 billion (RM2.69 trillion) the country’s central bank has built up to protect the economy.Russia’s invasion of Ukraine has spurred a flight from the nation’s markets, and the ruble was indicated 26% weaker in offshore trading yesterday as market makers from Sydney to Hong Kong pulled back. It dropped 8% at the open on the Moscow Exchange, immediately hitting the trading limit of 90 per dollar.S&P Global Ratings lowered Russia’s credit score below investment grade last Friday, while Moody’s Investors Service — which rates Russia one notch above junk — put the nation on review for a downgrade.Additional measures to exclude some Russian banks from the SWIFT messaging system could further choke up the country’s banking system and the central bank announced new steps yesterday to support lenders.The restrictions will extend to transactions on the Moscow Exchange but won’t work elsewhere, including the American depositary receipt market, according to Norvik Bank PJSC’s Mikhail Kotlov. “That’s why there will be two markets,” he said on Twitter.The Bank of Russia is assessing whether to open other markets. If a decision to open is made, it was to be at 3pm Moscow yesterday, according to its website statement. — Bloomberg