RHB Investment Bank Bhd (RHB IB) has maintained its “overweight” call on the healthcare sector, after it observed a pickup in hospital activities amid inflationary pressure in the first quarter of 2023 (1Q2023).

RHB IB keeps 'overweight' call on healthcare sector as hospital activities pick up

Datin Seri Rosmah Mansor has claimed that Lebanese jewellery firm Global Royalty Trading SAL has no locus standi (legal standing) to file a suit against her here, as it should have been filed in New York, the US instead.

Rosmah says Lebanese firm has no right sue her in Malaysia

Kenanga Research said despite early signs of rationalisation and consolidation amid massive industry overcapacity, glove makers are not out of the woods yet, as low prices and depressed plant utilisation continue to plague the sector.

Glove sector still plagued with low prices, depressed utilisation despite early signs of consolidation

WASHINGTON (June 6): The battle to raise the US debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday that he had no immediate plans to take up legislation to boost defence spending beyond what was in last week's deal.

US debt ceiling battle rekindles debate over Ukraine funds

KUALA LUMPUR (June 7): Bursa Malaysia opened lower on Wednesday (June 7) despite the gains on Wall Street overnight, as cautious investors await inflation data in the United States and the US Federal Reserve (Fed)'s policy meeting on interest rates next week.

Bursa Malaysia opens lower on June 7 despite Wall Street gains

KUALA LUMPUR (June 7): The ringgit rebounded from its losses to open marginally higher against the US dollar on Wednesday (June 7), supported by the rising oil price amid a slightly weaker greenback.

Ringgit rebounds to open higher versus US dollar on June 7

The UK’s advertising regulator is cracking down on what it considers greenwashing by fossil fuel giants. A handful of newspaper, TV and poster adverts from Shell Plc, Repsol SA and Petronas International Corp. were banned in the country for touting investments in renewable energy without mentioning the extent of each company’s polluting activities.

UK bans ‘misleading’ fossil fuel ads that overemphasise renewables

KUALA LUMPUR (June 7): Financial implications for Employees Provident Fund (EPF) contributors who have obtained personal financing under the EPF Account 2 Support Facility (FSA2) initiative but are unable to repay their loan are expected to be among discussions in Wednesday (June 7)’s Dewan Rakyat sitting.

Financial implications for EPF FSA2 borrowers who fail to repay loan among discussions at Dewan Rakyat on June 7

KUALA LUMPUR (June 7): Edelteq Holdings Bhd made its debut on the ACE Market of Bursa Malaysia on Wednesday (June 7), with an opening price of 75 sen for its initial public offering (IPO) exercise.

Edelteq debuts on ACE Market with 212.5% premium, opens at 75 sen

That’s according to Knight Frank’s The Wealth Report, which highlights that the global population of ultra-high-net-worth individuals (UHNWI) fell 3.8% in 2022, with central banks all over the world raising interest rates and putting an end to ultra loose monetary policy.

US$485,000 or RM2.24 million — how  much  it  would  take  to  join the  1%  CLUB  in  Malaysia

The Paris Court of Appeal has upheld Malaysia's challenge against the partial award rendered on May 25, 2020 by Gonzalo Stampa in the case brought by eight citizens of the Philippines, who are purported heirs of the long-defunct Sultan of Sulu.

Malaysia secures landmark victory over purported Sulu heirs' claim in French court

The World Bank on Tuesday  (June 6) raised its 2023 global growth outlook as the US, China and other major economies have proven more resilient than forecast, but said higher interest rates and tighter credit will take a bigger toll on next year's results.

World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook

Here is a brief recap of some corporate announcements that made the news on Tuesday (June 6) involving Icon Offshore Bhd, Hong Leong Islamic Bank Bhd, Ramssol Group Bhd, Cypark Resources Bhd, Yinson Holdings Bhd, Ahmad Zaki Resources Bhd, AWC Bhd, Fiamma Holdings Bhd, UEM Sunrise Bhd  and Johor Corporation Group.

Icon Offshore, HLIB, Ramssol, Cypark, LKL International, Yinson, AZRB, AWC, Fiamma, UEM Sunrise and JCorp

The US Securities and Exchange Commission on Tuesday (June 6) sued Coinbase, accusing the largest US cryptocurrency exchange of operating illegally because it failed to first registered with the regulator.

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