Corporate News

SD Guthrie appoints Mohd Haris Mohd Arshad as deputy group MD

KUALA LUMPUR: SD Guthrie Bhd has appointed Mohd Haris Mohd Arshad as its deputy group managing director, effective Sept 1, 2025.

Corporate News

PMW International gets Bursa Malaysia's nod to list on ACE Market

KUALA LUMPUR: Bursa Malaysia Securities Bhd has approved PMW International Bhd (PMW) ACE Market listing.

Corporate News

PETRONAS Gas records RM450.19mil net profit in 2Q, declares 16c div/share

KUALA LUMPUR: PETRONAS Gas Bhd has issued a positive outlook for 2025 with its performance expected to "remain healthy, reflecting continued resilience and operational strength".

Corporate News

PETRONAS Dagangan's 2Q bottomline slides amid dip in retail sales volume

KUALA LUMPUR: PETRONAS Dagangan Bhd, which posted a quarterly decline in earnings on the back of reduced retail sales demand, said the global growth outlook remains affected by shifting trade policies, tariff dynamics and geopolitical tension.

Markets

FBM KLCI rises as US rate cut hopes fuel rally

KUALA LUMPUR: The FBM KLCI remained buoyed over the 1,600 mark at midday as investors expect the US rate-cutting cycle to begin in September and give more fuel to the stock rally.

Corporate News

Gentari, Gamuda Energy team up on 1.5GW solar energy project

KUALA LUMPUR: Gentari Sdn Bhd, through unit Gentari Renewables Sdn Bhd, has entered into a collaboration with Gamuda Energy Sdn Bhd to to develop about 1.5 gigawatts (GW) of renewable energy (RE) capacity via solar photovoltaic power plants paired with battery energy storage systems.

Corporate News

Ivory Properties' shares unchanged after CEO steps down

KUALA LUMPUR: Ivory Properties Group Bhd's share price was flat at half-a-sen with 10.63 million shares changing hands at mid-morning, after the company announced the resignation of its group chief executive officer and executive director, Datuk Low Eng Hock.

Telcos

U Mobile in tie-up with MRCA as corporate patron for 2025-2026 term

KUALA LUMPUR: U Mobile Sdn Bhd has entered into a strategic collaboration with the Malaysia Retail Chain Association (MRCA) as a corporate patron for the 2025-2026 term, playing a key role in accelerating the digitalisation of Malaysia's retail sector.

Corporate News

YTL, SEA launch Ryt Bank, world's first AI-powered bank

KUALA LUMPUR: YTL Group and SEA Ltd have launched Ryt Bank, the world's first artificial intelligence (AI)-powered bank, combining advanced technology with Malaysia's values, languages and lifestyles.

Markets

Local institutions extend buying streak for fourth week - MBSB Investment

KUALA LUMPUR: Local institutions extended their net buying streak on Bursa Malaysia for the fourth consecutive week last week, registering purchases of RM391.8 million, according to MBSB Investment Bank Bhd (MBSB IB).

Markets

Asia shares bounce as markets count on US rate cuts

SYDNEY: Asian share markets rallied on Monday as investors celebrated the likely resumption of interest rate cuts in the United States, while hoping AI-superstar Nvidia's results this week will help justify the sector's stratospheric valuations.

Commodities

Oil prices climb after Ukraine attacks hit Russian energy sites

OIL prices edged higher on Monday after Ukraine stepped up attacks on Russia, fanning concerns Russian oil supply could be disrupted, while expectations of a cut in U.S. interest rates buoyed the outlook for global growth and fuel demand.

Forex

Ringgit rises vs greenback as Fed signals Sept rate cut

KUALA LUMPUR: The ringgit rebounded, opening higher against the US dollar on Monday after US Federal Reserve (Fed) chair Jerome Powell hinted at a possible interest rate cut in September.

Markets

FBM KLCI rallies past 1,600 as Fed affirms probability of Sept rate cut

KUALA LUMPUR: The FBM KLCI rode the bullish sentiment past the critical 1,600 mark as global equities were spurred on by recent remarks made at weekend Federal Reserve summit, which reinforced the likelihood of a US rate cut.

Corporate News

Trading ideas: Sime Property, IJM, Skyworld, MBSB, CBH, Hibiscus, SWS, Itmax, Censof, Ancom Nylex, Kossan, Sports Toto, Velesto, APM, Greatech, D&O

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

Corporate News

Spotify flags price rise, as it invests in new features

STOCKHOLM: Spotify will raise prices as it invests in new features and targets one billion users, the Financial Times reports.

Corporate News

SMBC gets RBI approval to buy 25% of Yes Bank

MUMBAI: Japan's Sumitomo Mitsui Banking Corp (SMBC) has received Indian central bank approval to buy up to 24.99% of India's Yes Bank, says the Indian bank in a stock exchange filing last Saturday.

Economy

Labour market has weathered recent shocks well, says Lagarde

BRUSSELS: Europe's labour market has proved surprisingly resilient in the face of a once-in-a-generation inflation shock and aggressive interest-rate hikes, according to European Central Bank (ECB) president Christine Lagarde (pic).

Economy

India says trade talks continue as US tariffs loom

NEW DELHI: According to India's Foreign Minister Subrahmanyam Jaishankar, trade negotiations with Washington are continuing, but there are lines that New Delhi needs to defend, just days before hefty additional US tariffs are due to hit.

Markets

Bubble risk rise as stocks defy economic gloom

SHANGHAI: China's economy is buckling under the weight of tariffs and a deep-rooted property crisis, yet stocks are extending their bull run – a disconnect that's stirring doubts on the rally's staying power.