FBM KLCI plunges 20.34 points to intraday low

KUALA LUMPUR (Dec 17): The FBM KLCI fell 20.34 points or 1.22% today with the broader market across Bursa Malaysia amid global economic growth concerns. Analysts said today the KLCI showed oversold technical indicators and weak buying momentum after US equities closed...

IHH says unable to proceed with Fortis open offer for now

KUALA LUMPUR (Dec 17): IHH Healthcare Bhd said today its wholly-owned subsidiary Northern TK Venture Pte Ltd (NTK) and persons acting in concert will not be able to proceed with the open offer for Fortis Healthcare Ltd for the time being until further orders,...

Cameron Highlands by-election to be held within 60 days

KUALA LUMPUR (Dec 17): The Cameron Highlands parliamentary seat has been declared vacant with effect from Dec 15. In a statement today, Dewan Rakyat Speaker Datuk Mohamad Arif Md Yusof said he had been notified by the Election Commission (EC) chairman via a letter...