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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).

Markets

FBM KLCI drifts slightly lower in anticipation of OPR decision

KUALA LUMPUR: The blue-chip FBM KLCI idled below the 1,550 resistance as it awaited the central bank's policy decision later in the day.

Business

Trump teases ‘major’ trade announcement, expected to be UK deal

PRESIDENT Donald Trump is expected to announce a trade agreement with the United Kingdom at a news conference Thursday morning in Washington, according to people familiar with the matter.

Markets

Fibromat makes lacklustre debut on ACE Market

KUALA LUMPUR: Fibromat (M) Bhd made a lacklustre debut on Bursa Malaysia's ACE Market today, following its transfer from the LEAP Market.

Telcos

Merger synergies to drive CelcomDigi re-rating- RHB

PETALING JAYA: RHB Research expects CelcomDigi Bhd's stronger commercial execution and realisation of merger synergies to drive a re-rating of the stock, even as the group steps up investment in information technology (IT) system upgrades that will raise near-term costs.

Markets

Shares firm on hopes for trade deals, dollar tries to hold post-Fed bounce

SYDNEY: Shares in Asia firmed on Thursday after U.S. President Donald Trump flagged a first trade deal in his global tariff war, while the dollar tried to hold overnight gains as markets pushed out the chance of near-term rate cuts.

Forex

Ringgit opens stronger vs greenback as Fed leaves rates unchanged

KUALA LUMPUR: The ringgit opened stronger against the US dollar today, supported by renewed buying interest after the US Federal Reserve (Fed) left interest rates unchanged overnight, with analysts anticipating potential rate cuts later this year, said an economist.

Markets

Investors await Bank Negara decision following Fed rate hold

KUALA LUMPUR: Blue chips on Bursa Malaysia edged higher as investors awaited the release of Bank Negara's rate decision on the heels of the US Federal Reserve's announcement to keep interest rates steady.

Corporate News

Trading ideas: Pavilion REIT, Capital A, Pharmaniaga, Marine & General, SCRB, SD Guthrie, I-Bhd

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Banking

DBS boosts allowance reserves amid uncertainties, Q1 profit beats views

SINGAPORE: Singapore's biggest bank, DBS Group, boosted its general allowance reserves amid heightened macroeconomic and geopolitical uncertainty on Thursday after posting a 2% year-on-year drop in first-quarter net profit, which beat expectations.

Corporate News

Arm shares drop 11% as chip provider forecasts lower sales, declines to give full-year guidance

SHARES in Arm Holdings fell 11% on Wednesday after the chip provider gave a fiscal first-quarter forecast below Wall Street estimates and declined to give guidance for the full year, citing global trade and economic uncertainty.

Commodities

Oil settles lower as hopes dim for US-China trade

Oil prices fell by more than US$1 a barrel on Wednesday as investors doubted that upcoming US-China trade talks will result in a breakthrough, while hopes for an Iran-US nuclear deal eased supply worries.

Markets

Late chip rally lifts stocks after Fed holds rates steady

US stocks advanced on Wednesday in choppy trading, buoyed as semiconductor stocks rallied late on a report that regulations on artificial intelligence chips would be loosened.

Business

Heineken Malaysia growth trajectory intact

Heineken Malaysia Bhd is poised for steady growth in 2025, backed by resilient local demand, rising tourist arrivals and macro tailwinds such as the stronger ringgit and minimum wage hike.

Economy

EU eyes US$113bil tariffs on US goods if talks fail

The European Union (EU) plans to hit about €100bil (US$113bil) in US goods with additional tariffs in the event ongoing trade talks fail to yield a satisfactory result for the bloc, according to sources.

Economy

Indonesia’s rice reserves hit new record high in first 4 months

Agriculture Minister Amran Sulaiman says that the government increased the national rice reserve to a record multi year-high of 3.5 million tonnes during the first four months of this year.

Economy

Jakarta bids to convert more debt to the rupiah

Indonesia is looking to strengthen local currency usage in partnership with multilateral development banks (MDBs) amid global economic challenges and to support sustainable development.

Banking

The Philippines seeks to establish lower digital transaction fees

The Bangko Sentral ng Pilipinas (BSP) wants financial institutions to establish a "market-based" and "fair" pricing mechanism for fees they collect on electronic fund transfers, in a bid to lower, if not eliminate, transaction costs for Filipinos.

Corporate News

Wynn Resorts delays repairs over tariff woes

Wynn Resorts Ltd is delaying US$375mil in capital improvement projects, including a remodelling of its Encore hotel tower in Las Vegas, due to the impact of tariffs.

Markets

Milken conference crowd sees ‘golden’ moment 

Some of the biggest players in private credit are anticipating profits from the chaos unleashed by US President Donald Trump's tariffs, even as the volatility exposes risks lurking in the opaque market.