EVENING 5: Malaysia poised to withstand potential US recession - Zafrul
Here’s a quick look at some of the stories that made headlines today.
Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.
1. Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz has expressed confidence in Malaysia's ability to withstand a potential recession in the US.
2. Straits Energy Resources Bhd has proposed to list its 76.68%-owned subsidiary, TMD Energy Ltd, on the New York Stock Exchange American by the fourth quarter of 2024.
3. Kumpulan Kitacon Bhd has secured a contract worth RM111.23 million for the construction of factories and industrial facilities in Klang, Selangor.
4. Autopart distributor MSB Global Group Bhd has filed for an initial public offering on the ACE Market of Bursa Malaysia to raise funds to rebuild a factory that doubles up as a warehouse.
5. The proposed development of a port city on Carey Island could significantly boost the land value of SD Guthrie Bhd over time to the tune of RM7.1 billion, according to Maybank Investment Bank.