Latest
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Corporate News
SD Guthrie aims for key growth sectors
SD Guthrie Bhd is cautiously optimistic for the financial year ending Dec 31, 2025 (FY25), citing opportunities for downstream expansion and modest gains in fresh fruit bunch (FFB) production amid a challenging economic landscape.
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Markets
AMMB might become index constituent stock again
AMMB Holdings Bhd could become an FBM KLCI constituent again in June by replacing Hong Leong Financial Group Bhd (HLFG), following the semi-annual review of the index.
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Corporate News
PNB reconsiders exchangeable bond sale plan
Malaysia's Permodalan Nasional Bhd (PNB) is considering reviving an exchangeable bond sale that it had explored six years ago to raise funds to expand overseas, people with knowledge of the matter said.
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Corporate News
Pan Merchant inks underwriting deal for IPO
Pan Merchant Bhd has signed an underwriting agreement with Affin Hwang Investment Bank Bhd for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.
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Forex
Ringgit eases slightly ahead of OPR decision
The ringgit ended slightly lower against the US dollar at yesterday's close ahead of Bank Negara's overnight policy rate (OPR) decision today, says an analyst.
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Markets
SC charges businessman for RM3.2mil fraud
The Securities Commission (SC) has charged Razrul Anwar Rusli, 44, at the Kuala Lumpur Sessions Court for defrauding five investors of RM3.159mil for fictitious investments.
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Economy
Corporate earnings likely to soften in 1Q
A slight slowdown in corporate financial growth is anticipated in the first quarter (1Q25), as companies turned cautious amid the change in leadership in the US government.
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Corporate News
Pharmaniaga quarterly performance improves
Pharmaniaga Bhd's net profit for the first quarter ended March 31, 2025 (1Q25) rose to RM29.58mil from RM25.65mil in the previous corresponding quarter, while revenue during the period grew to RM1.1bil, compared to RM965mil in the previous quarter.
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Corporate News
SCRB acquires Sarawak land for RM5.6mil
Supreme Consolidated Resources Bhd (SCRB) is proposing to acquire a parcel of mixed-zone land measuring 14,690 sq m in Kuching, Sarawak, from Globalmas Sdn Bhd for RM5.6mil.
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Corporate News
M&G in WHS Global oil and gas partnership
Marine & General Bhd (M&G) is setting up a joint venture (JV) company with WHS Global Engineering Sdn Bhd to undertake engineering contracts consisting of steel fabrication and hook-up works, as well as the provision of specialised equipment.
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Markets
Heavyweight rally sends Bursa to intraday high
Persistent buying in selected telecommunications, media and utilities counters lifted Bursa Malaysia to end at an intraday high yesterday, in line with the positive momentum across regional markets, an analyst says.
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Corporate News
Pavilion-REIT gets nod to acquire hotels for RM480mil
Pavilion Real Estate Investment Trust (Pavilion-REIT) has received unitholder approval to acquire Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL) for RM480mil, a move expected to enhance its long-term performance and reinforce its presence in Bukit Bintang.
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Corporate News
Equinix plans expansion of its DC segment
Equinix Inc is eyeing the expansion of its data centre (DC) facility in Malaysia following the completion of its KL1 International Business Exchange to meet the accelerating demand for digital infrastructure across the country.
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Aviation
AirAsia Malaysia suspends Amritsar flights following airport closure
KUALA LUMPUR: AirAsia Malaysia has temporarily suspended flights to and from Amritsar, India, following the closure of Amritsar's Sri Guru Ramdas Jee International Airport.
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Corporate News
M&G sets up JV co to diversify into O&G engineering segment
PETALING JAYA: Marine & General Bhd (M&G) is setting up a joint venture (JV) company with WHS Global Engineering Sdn Bhd to undertake engineering contracts consisting of steel fabrication and hook-up works, as well as the provision of specialised equipment.
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Banking
Mixed outlook ahead of Bank Negara's OPR announcement tomorrow
KUALA LUMPUR: Although the overnight policy rate (OPR) is expected by many to stay at 3.0 per cent, some economists see a possible 25 basis points (bps) cut by Bank Negara Malaysia (BNM) as pre-emptive support against the potential downside risks of the American tariffs.
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Commodities
Palm oil prices to hit 2-year low at RM3,500 per tonne in June-November, analyst Mistry says
MUMBAI: Malaysian palm oil futures are likely to extend their decline and trade near a two-year low of RM3,500 per metric ton from June to November as recovery in production leads to a stock build, industry analyst Dorab Mistry said on Wednesday.
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Corporate News
Pharmaniaga 1Q net profit rises to RM29.6mil
PETALING JAYA: Pharmaniaga Bhd's net profit for the first quarter ended March 31, 2025 rose to RM29.58mil from RM25.65mil in the previous corresponding quarter, while revenue during the period grew to RM1.1bil, compared to RM965mil in the previous quarter.
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Corporate News
Pavilion REIT gets approval to acquire Banyan Tree and Pavilion Hotels for RM480mil
KUALA LUMPUR: Pavilion Real Estate Investment Trust (Pavilion REIT) has received unitholder approval to acquire Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL) for RM480mil, enhancing long-term performance and reinforcing its Bukit Bintang presence.
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Corporate News
SCRB acquires land in Sarawak for RM5.6mil
PETALING JAYA: Supreme Consolidated Resources Bhd (SCRB) is proposing to acquire a parcel of mixed zone land measuring 14,690 sq metres in Kuching, Sarawak from Globalmas Sdn Bhd for RM5.6mil.
