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MANILA, May 19, 2022 (AFP): The Philippine central bank raised interest rates Thursday for the first time in more than three years, in a bid to curb inflation as rising fuel prices and food shortages push up living costs. Robust economic growth and jobs in the first quarter gave the monetary authority room to continue "rolling back its pandemic-induced interventions", said … [Read more...] about Philippine central bank raises interest rates to curb inflation

NAIROBI, May 18 (Xinhua) -- East African real estate executives on Wednesday said that they remain hopeful that the sector will recover from the COVID-19 shocks. Speaking at a forum in Nairobi, Kenya's capital, Tilda Mwai, research lead of pan-African real estate research firm, Estate Intel, said that the regional economic recovery has prompted a lot of interest in the sector … [Read more...] about East African real estate executives hopeful of recovery amid COVID-19 shocks

KUALA LUMPUR: Stock with recent corporate announcements that could see increased trading action include Country Heights, Malaysia Smelting Corp , LBS Bina Group, Sunway REIT, Cahya Mata Sarawak, Signature International, Fiamma, MPHB Capital, Serba Dinamik , EA Technique and Zelan, said JF Apex Research. Country Heights Holdings Bhd was slapped with an … [Read more...] about Trading ideas: Country Heights, Malaysia Smelting Corp, LBS Bina Group, Sunway REIT, Cahya Mata Sarawak

KUALA LUMPUR: Kobay Technology Bhd ’s net profit more than doubled to RM15.1mil in the third quarter ended March 31 (3Q) from RM7.06mil a year ago. Its revenue rose almost threefold to RM100.1mil in the third quarter against RM35.2mil a year prior. The engineering solution provider, in a statement, said growth mainly came from the manufacturing segment which saw a … [Read more...] about Kobay reports higher net profit of RM15mil in 3Q

PETALING JAYA: Kobay Technology Bhd posted a net profit of RM14.52mil in the second quarter ended Dec 31, 2021, more than double from RM5.95mil a year ago, thanks to strong orders from the semiconductor and electrical and electronics (E&E) industries. In a filing with Bursa Malaysia yesterday, the group said its revenue for the quarter almost tripled to RM92.83mil … [Read more...] about Kobay Q2 net profit surges