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Earlier, the People’s Bank of China (PBOC) left a key policy rate unchanged while withdrawing cash from a medium-term policy loan operation for the first time in 16 months. — Reuters pic

China’s central bank says no intention to actively drain cash from banking system

The Department of Statistics Malaysia said there was a 23.8 per cent surge in condensate production after registering 16.2 per cent growth in the previous quarter. ― Reuters pic

Stats Dept: Production of crude oil, condensate up 0.9pc in 4Q, export value rises to RM9.3b

Nissan and Honda will announce a tie-up in developing electric vehicles today.— Reuters pic

Japan’s Nissan and Honda to announce EV tie-up, say reports

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Fortune Launches First Innovation Forum in Hong Kong March 27- 28

Mainland Chinese blue chips, however, were little changed, despite the central bank’s decision to forgo any easing in keeping the medium-term lending facility rate unchanged today.— Reuters pic

Tech drags on Asia stocks, greenback rises after US inflation data

Japanese businesses are facing a chronic labour shortage due to an ageing and dwindling pool of workers. — AFP pic

Japan union group announces hefty wage hikes, presaging shift at central bank

The People’s Bank of China said it was keeping the rate on 387 billion yuan worth of one-year medium-term lending facility loans to some financial institutions unchanged at 2.50 per cent from the previous operation.— Reuters pic

China central bank leaves key policy rate unchanged, as expected

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Bay of Lights' New Partnership with Annual Investment Meeting Congress Paves Way for Cambodian-Middle East Economic Ties

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Decision-makers’ demand for talent resilient despite softer overall hiring market, KPMG survey finds

At 9am, the ringgit eased slightly to 4.6980/7035 against the greenback from Thursday’s close of 4.6845/6878. ― Picture by Miera Zulyana

Ringgit opens higher against major currencies except US dollar

On the broader market, decliners led gainers at 223 to 161, while 295 counters were unchanged, 1,644 untraded and 38 suspended. — Picture by Azneal Ishak

Bursa Malaysia opens lower on profit taking

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PropertyGuru’s TikTok Exclusive Giveaway Provides Relief from Home Expenses with Free Rent or Mortgage

The verdict comes in the first trial out of hundreds of lawsuits claiming that various Enfamil and Abbott Laboratories’ Similac formulas caused NEC. — Reuters pic

Reckitt unit hit with US$60m verdict in Enfamil baby formula case in Illinois

In a joint statement, Nippon Steel and US Steel said their partnership reflects the ‘close alliance between Japan and the United States.’ ¬— AFP pic

Biden opposes Nippon Steel takeover of US Steel

Data showed US producer prices increased more than expected in February as the cost of goods like gasoline and food surged. — Reuters pic

Wall Street ends down after PPI data and as chipmakers fall

The Dow Jones Industrial Average fell 137.66 points, or 0.35 per cent, to 38,905.66, the S&P 500 lost 14.83 points, or 0.29 per cent, to 5,150.48 and the Nasdaq Composite shed 49.24 points, or 0.30 per cent, to 16,128.53.  — Reuters pic

Global stocks fall, US yields and dollar jump after inflation data