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Forex

Ringgit closes slightly lower against US dollar

KUALA LUMPUR: The ringgit closed lower against the US dollar on Thursday as confidence in the greenback is deemed to have returned, said an economist. 

Corporate News

HHRG dismisses CEO over serious misconduct and abuse of authority

PETALING JAYA: HHRG Bhd has dismissed its chief executive officer, Fong Chee Khuen, with immediate effect.

Corporate News

Pavilion REIT records higher 1Q25 earnings

PETALING JAYA: Pavilion Real Estate Investment Trust (Pavilion REIT) will continue to optimise its cost management, besides continuing to curate targeted events to attract shoppers and build strong brand partnerships.

Nation

Proton to launch e.MAS 5 EV in Q4 2025 with five colour options

SERDANG: Proton Holdings Bhd's wholly owned subsidiary, Proton New Energy Technology Sdn Bhd (Pro-Net), is set to launch its newest electric vehicle (EV) model, the e.MAS 5, in the fourth quarter of 2025.

Corporate News

Berjaya Food reports wider loss in 3Q25, remains focused on long-term growth and expansion

KUALA LUMPUR: Berjaya Food Bhd (BFood), which reported its sixth consecutive loss-making quarter, remains committed to growth and diversification by actively expanding its brand portfolio and exploring both local and international markets, despite ongoing challenges faced by Starbucks.

Technology

Miti welcomes US move to review AI chip export rules, sees benefits for semiconductors

KUALA LUMPUR: Malaysia welcomes United States President Donald Trump's move to revisit artificial intelligence (AI) chip export rules as clarity and consistency in tech policy are vital for global innovation, supply chain resilience and inclusive growth.

Markets

FBM KLCI slips on profit-taking; tech stocks rally

KUALA LUMPUR: The FBM KLCI ended lower as profit-taking outweighed bargain-hunting, bucking the trend of regional peers following yesterday's gains.

Banking

Bank Negara’s international reserves edge up to US$118.7bil

KUALA LUMPUR: Bank Negara's international reserve rose to US$118.7bil as at April 30, compared with US$118.4bil as at April 15.

Auto

Toyota sees 21% full-year profit decline as tariffs take a bite

TOKYO: Toyota Motor expects profit to decline by a fifth in the current financial year, it said on Thursday, as weakness in the U.S. dollar and the impact of President Donald Trump's tariffs weigh on the world's largest automaker.

Banking

Bank Negara lowers SRR to 1%, boosting system liquidity

KUALA LUMPUR: Bank Negara will lower banks' statutory reserve requirement (SRR) ratio by 100 basis points, from 2% to 1%, effective May 16, 2025.

Banking

Bank Negara holds OPR steady 3% amid stable outlook

KUALA LUMPUR: Bank Negara has maintained the overnight policy rate (OPR) at 3.00%, where it has remained since May 2023, in line with economists' expectations.

Banking

Public Bank sees minimal credit exposure to US tariff risks

KUALA LUMPUR: Public Bank Bhd sees minimal credit exposure to potential United States (US) tariff risks, estimating that less than three per cent of its total loans may be affected with asset quality expected to remain stable.

Business

China, US scheduled to hold trade talks

CHINA and the United States are scheduled to hold official trade talks later this week, as Beijing reiterates its commitment to dialogue and cooperation while firmly safeguarding its legitimate interests in the face of escalating US-initiated trade tensions.

Economy

Manufacturing sector sales value 3.7% y-o-y at RM164.3bil in March 2025 - DoSM

KUALA LUMPUR: Malaysia's manufacturing sector sales value rose 3.7 per cent year-on-year (y-o-y) at RM164.3 billion in March 2025 as compared to a 4.7 per cent y-o-y growth at RM153.1 billion in February 2025, according to the Department of Statistics Malaysia (DOSM).

Markets

Cuckoo Malaysia sets deadline for IPO application withdrawals following rescheduling

KUALA LUMPUR: Cuckoo International (Mal) Bhd has set May 22 at 5 pm as the closing date for investors to withdraw their applications for its initial public offering (IPO), following a rescheduling of the listing exercise.

Corporate News

Citaglobal, PWM Jawa Timur to explore telcos, RE deployment in East Java

KUALA LUMPUR: Citaglobal Bhd via its Indonesian subsidiary PT Citaglobal Internasional Capital has entered into a heads of agreement with Pimpinan Wilayah Muhammadiyah (PWM) Jawa Timur to explore the deployment of telecommunications and renewable energy infrastructure across Muhammadiyah's network of hospitals, schools, and universities in East Java.

Economy

Malaysia's services PPI up 0.6% in 1Q 2025 - DoSM

KUALA LUMPUR: Malaysia's services producer price index (SPPI) rises by 0.6 per cent year-on-year (y-o-y) in the first quarter of 2025 (1Q 2025) compared to 0.5 per cent y-o-y in 4Q 2024, according to the Department of Statistics Malaysia (DOSM).

Corporate News

Infraharta subsidiary secures RM17.42mil contract for Kuantan hospital

KUALA LUMPUR: Infraharta Holdings Bhd via its wholly-owned subsidiary Infraharata Sdn Bhd (ISB) has accepted sub-contract works for the women and children's block of Tengku Ampuan Afzan Hospital in Kuantan for RM17.42mil.

Corporate News

Kerjaya Prospek unit bags JB construction works for RM162mil

KUALA LUMPUR: Kerjaya Prospek Bhd's wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd has secured an award from Majestic Gen Sdn Bhd for building contract works in Johor Bahru for RM162mil.

Economy

Malaysia's IPI rises 3.2% in March 2025

KUALA LUMPUR: Malaysia's Industrial Production Index (IPI) rose 3.2 per cent year-on-year (y-o-y) in March 2025, according to the Department of Statistics Malaysia (DOSM).