Banking

Bank Islam advises public to be vigilant of scams impersonating Al-Awfar and BIMB mobile app

KUALA LUMPUR: Bank Islam Malaysia Bhd has issued a reminder to the public to be extra vigilant of fraudulent short message service (SMS), WhatsApp messages, and social media accounts impersonating Bank Islam's Al-Awfar account and BIMB Mobile banking application.

Banking

RHB unveils new app featuring Malaysia’s first banking widget

KUALA LUMPUR: RHB Banking Group has launched its new RHB Mobile Banking App (MBK App), offering customers a faster, simpler, and more secure way to manage their everyday finances.

Energy

Oil prices ease as Iran-Israel conflict enters sixth day

OIL prices eased in Asian trade on Wednesday, after a gain of 4% from the previous session, as markets weighed the chance of supply disruptions from the Iran-Israel conflict against a U.S. Federal Reserve rates decision that could weigh on oil demand.

Auto

May auto sales up 12.4% to 68,007, MAA reports

KUALA LUMPUR: The Malaysian Automotive Association (MAA) reported that the automotive sector's total industry volume (TIV) rose by 12.4% month-on-month in May 2025, reaching 68,007 units compared to 60,527 units in April.

Economy

Global companies bullish on Chinese market's prospects

FOREIGN companies, especially those in Europe, are showing growing confidence in China's market potential, as the country's latest economic data underscores a steady recovery in consumption and industrial activity, reaffirming China's appeal as an engine of global growth.

Markets

Malaysia scores record flows as bond investors favour Asia

SINGAPORE/BENGALURU: Bond investors fleeing the United States are finding a haven in stable and lucrative Asian debt markets, with Malaysia leading the pack as the destination for foreign money.

Economy

Malaysia at the centre of Asean Power Grid talks - ADB

KUALA LUMPUR: The Asian Development Bank (ADB) has described Malaysia as being "really at the centre" of efforts to accelerate the long-discussed ASEAN Power Grid (APG) initiative, citing growing momentum in regional power trade involving Malaysia, Singapore, Indonesia and Vietnam.

Corporate News

Scientex's export sales dip in 3Q amid softer market conditions

KUALA LUMPUR: Amid a challenging market environment, lower export sales in the packaging business weighed on Scientex Bhd's performance in the third financial quarter ended April 30, 2025.

Markets

FBM KLCI ends flat at midday in range-bound trading

KUALA LUMPUR: Bursa Malaysia was range-bound in the early session with the benchmark index entering the lunch break little changed from the previous day's close.

Economy

Singapore MAS survey shows economists cut GDP, inflation forecasts and see more easing

SINGAPORE: Economists have lowered their forecasts for Singapore's growth and inflation this year and are expecting a further easing of monetary policy next month, a survey of forecasters by the Monetary Authority of Singapore showed on Wednesday.

Corporate News

ConocoPhillips eyes investment in Sabah, reaffirms commitment to Malaysia

KUALA LUMPUR: United States oil giant ConocoPhillips has set its sights on potential investments in Sabah while reaffirming its long-term commitment to Malaysia.

Corporate News

PETRONAS Expands Deepwater Portfolio in Suriname with Block 66 PSC

PARAMARIBO: PETRONAS, through its wholly-owned subsidiary PETRONAS Suriname E&P B.V. ("PSEPBV"), has signed a Production Sharing Contract (PSC) for Block 66, located in the deepwater region offshore Suriname.

Forex

Ringgit opens marginally higher vs US$, sentiment remains cautious

KUALA LUMPUR: The ringgit was slightly higher against the US dollar at today's opening with investors remaining cautious ahead of the United States (US) monetary policy outcome due later tonight, an analyst said.

Markets

Flat start on Bursa Malaysia as global turmoil continues

KUALA LUMPUR: Bursa Malaysia maintained a horizontal trajectory as a tumultuous investment landscape left little to entice investors to return to the equities market.

Economy

Japan exports post first drop in 8 months as US tariffs hit autos

TOKYO: Japan's exports fell for the first time in eight months in May, data showed on Wednesday, indicating that sweeping U.S. tariffs were threatening the country's fragile economic recovery.

Corporate News

Trading ideas: KPJ, Yinson, Apollo, BLand, MMHE, Theta, Chin Hin, UWC, Jaycorp

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

Markets

Indices end lower as Israel-Iran fighting raises investor anxiety

US stocks finished with losses on Tuesday as the Israel-Iran conflict raged on for a fifth day and kept investor anxiety high, with the US military moving fighter jets to the Middle East.

Auto

Emissions present challenges for Vietnam

A new draft regulation on national car emissions standards introduced by the Agriculture and Environment Ministry underscores the Vietnamese government's commitment to reducing carbon pollution and achieving net-zero emissions by 2050.

Economy

Tourism dip fuels worst stock drop in Asia 

Thailand's post-Covid flood of tourists has turned into more of a trickle, adding to concerns for Airports of Thailand Pcl (AoT) as it grapples with shrinking duty free sales without a full-time chief executive officer.

Corporate News

Mitsubishi in advanced talks on US$8bil Aethon deal

Mitsubishi Corp is in advanced talks to buy the assets of Aethon Energy Management for close to US$8bil, according to sources, in what would be the Japanese conglomerate's biggest ever acquisition.