General

KUALA LUMPUR, Bursa Malaysia continued its uptrend on Thursday amidst bullish global risk appetite after the Wall Street hit another record high. At 9.24 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 6.90 points to 1,625.28 from Wednesday’s close of 1,618.38. The index opened 2.78 points higher at 1,621.16. On the broader market, gainers led decliners 412 to 191, with 371 counters unchanged, 1,457 untraded and seven suspended. Turnover totalled 562.16 million units worth RM279.35 million. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said it was another record-breaking day on Wall Street, which was boosted

KUALA LUMPUR, The Federal government and the Sabah state government have each received approximately RM23 billion in petroleum revenue payments from 1976 to the first half of 2024, according to the Prime Minister’s Office (PMO). In a written response published on the Parliament website on Wednesday, the PMO said Petronas has consistently fulfilled all cash payment obligations from petroleum production, based on existing provisions and agreements and in accordance with the Federal government’s instructions. ‘Additionally, Sabah has received approximately RM3 billion in sales tax revenue from Petronas, in line with the implementation of Sabah’s sales tax since 2020,” it said.

KUALA LUMPUR, The Federal government and the Sabah state government have each received approximately RM23 billion in petroleum revenue payments from 1976 to the first half of 2024, according to the Prime Minister’s Office (PMO). In a written response published on the Parliament website on Wednesday, the PMO said Petronas has consistently fulfilled all cash payment obligations from petroleum production, based on existing provisions and agreements and in accordance with the Federal government’s instructions. ‘Additionally, Sabah has received approximately RM3 billion in sales tax revenue from Petronas, in line with the implementation of Sabah’s sales tax since 2020,” it said.

MANILA: The local stock barometer closed weaker on Wednesday, while the peso appreciated. The Philippine Stock Exchange index (PSEi) shed 67.31 points to close at 6,489.35, while the broader All Shares also declined by 28.20 points. “Philippine shares took a breather, slipping below the 6,500 level following Wall Street’s mixed results, with the Nasdaq Composite and S and P 500 reaching new records,” Regina Capital Development Corp. head of sales Luis Limlingan said. Limlingan said the S and P 500 edged up 0.07 percent, and the Nasdaq added 0.14 percent, while the Dow dipped 0.13 percent. “Last night, Federal Reserve

MANILA: The Land Transportation Office (LTO) on Wednesday began its campaign for community involvement in road safety through a seminar in Marikina City. In a statement, LTO chief, Assistant Secretary Vigor Mendoza II said 150 mothers and 20 leaders of tricycle operators and drivers associations (TODA) joined the program called “LTO sa Barangayan.” The seminar focused on the importance of the guidance of family to its members who drive and a whole-of-community approach towards road safety. ‘Naniniwala kami sa LTO na malaki ang maitutulong ng bawat isa upang matiyak ang kaligtasan ng lahat ng road users, kasama na ang disiplina