- Share prices on Bursa Malaysia opened higher on continued buying support in selected plantation and finance counters, the benchmark index stood at 1,849.32 points, up 6.38 points, after opening 0.24 of a point points better at 1,843.18 points. Gainers led losers 174 to 70 while 164 counters were unchanged, 1,388 untraded and 19 others suspended.
- The ringgit ended sharply higher against the US dollar in tandem with most emerging Asian currencies on expectation that the US Federal Reserve would postpone increasing interest rates.
- Shell Malaysia has started construction of the largest upstream oil and gas (O&G) laboratory in Sarawak for deepwater exploration and production activities.
- Tenaga Nasional Bhd (TNB) shares on Bursa Malaysia rose this morning on news of an expected increase in electricity demand, moving forward.
- Homegrown condom manufacturer, Karex Bhd shares’ on Bursa Malaysia rose in early trade after the company announced that it is eyeing two to three acquisitions this year.
- Newly established companies or existing companies that expand operations into less developed areas will be eligible for 100 per cent income tax exemption for up to 15 years.
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