IT has been another eventful year for Bursa Malaysia, as the nation began transitioning to the endemic phase of Covid-19 on April 1 amid global headwinds such as high inflation, rising interest rates and geopolitical tensions. The local market along with other Asian bourses, with the exception of Singapore’s Straits Times Index is ending the year in negative territory. The FBM KLCI had lost 5.7% year to date (YTD) to 1,478.54 points on Dec 16 compared with the STI’s gain of 3.7%.
KUALA LUMPUR (Dec 22): Wooden picture frame mouldings manufacturer and exporter Classic Scenic Bhd has appointed Pekat Group Bhd as its solar PV system partner. In a joint statement on Tuesday (Dec 21), Pekat said its unit Pekat Solar Sdn Bhd (PSSB) had accepted the letter of award for an engineering, procurement, construction and commissioning (EPCC) contract worth RM3.1 million from Finesse Moulding (M) Sdn Bhd, a wholly-owned subsidiary of Classic Scenic.