Corporate News

SD Guthrie plans industrial park in Malaysia data centre hub

SD Guthrie Bhd., the world's biggest oil palm planter by acreage, is positioning itself to tap into the data-center boom as it looks to develop a green-energy powered industrial park in Malaysia's southern state of Johor.

Economy

Shenzhen developing into high-tech hub

AS morning light sweeps across Shenzhen's skyline, the skyscrapers that have replaced the old fishing boats gleam in the sun.

Corporate News

FGV Holdings posts higher net profit of RM137mil in 2Q25

KUALA LUMPUR: FGV Holdings Bhd posted a higher net profit of RM136.88 million in the second quarter ended June 30, 2025 (2Q 2025), compared to RM86.38 million in the same period a year ago. 

Commodities

Moody's lifts CPO range to RM3,800-RM4,200 per tonne on stronger demand

KUALA LUMPUR: Moody's Ratings has raised its medium-term price sensitivity range for crude palm oil (CPO) to RM3,800-RM4,200 per tonne from RM3,400-RM3,800 previously, citing stronger demand in Indonesia driven by biodiesel mandates and modest production growth in Asia.

Corporate News

HE Group unit bags RM56.7mil data centre electrical services contract in Cyberjaya

KUALA LUMPUR: HE Group Bhd's unit, Hexatech Engineering Sdn Bhd, has secured a RM56.70 million contract to provide electrical services and related works for a data centre in Cyberjaya, Malaysia.

Corporate News

Sime Darby wraps challenging FY25 with net profit of RM2.06bil

KUALA LUMPUR: Sime Darby Bhd recorded a net profit of RM2.06bil in its 2025 financial year (FY25) with a 63% increase in earnings from continuing operations.

Banking

Alliance Bank maintains growth trajectory in 1QFY26

KUALA LUMPUR: Alliance Bank Malaysia Bhd's strong first-quarter results were driven by a significant increase in non-interest income as well as growth in interest income as loans momentum continued to gain pace.

Banking

Hong Leong Bank ends FY25 with higher net profit of RM4.27bil, declares 68c div/share

KUALA LUMPUR: Hong Leong Bank Bhd wrapped a strong financial year, underpinned by net interest income growth and a wider net interest margin (NIM), as well as a surge in non-interest income.

Markets

Bursa Malaysia edges higher at midday on bargain hunting

KUALA LUMPUR: Bursa Malaysia remained in positive territory at midday, lifted by bargain hunting in consumer products, financial and utilities heavyweights following yesterday's sell-off, a dealer said.

Commodities

Oil steady as investors eye Ukraine war, US tariffs on India

NEW DELHI: Oil prices steadied on Wednesday, after falling in the previous session, as the market watched for fresh developments in the Ukraine war and investors weighed hefty new U.S. tariffs on India, the world's third-biggest crude consumer.

Corporate News

MDV approves RM122.65mil under national energy transition facility

KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV) has approved RM122.65 million in financing for six technology-based companies that are undertaking energy transition projects under the National Energy Transition Facility (NETF).

Economy

Australia's inflation tops forecasts as electricity prices surge

SYDNEY: Australian consumer prices jumped by far more than forecast in July as electricity costs spiked due to the timing of government rebates, while core inflation also jumped in a blow to hopes of a rate cut as soon as next month.

Markets

Asia stocks steady ahead of Nvidia; investors wary over Fed independence

SINGAPORE: Asian stocks were steady on Wednesday ahead of an earnings report from AI leader Nvidia that will shape near-term risk sentiment, while the U.S. dollar was frail as investors remained nervous about attacks on Federal Reserve autonomy.

Economy

China's industrial profits extend decline in July

BEIJING: China's industrial profits fell for a third consecutive month in July, as businesses struggled in the face of subdued demand and persistent factory-gate deflation despite policy measures to help shore up the economic recovery.

Markets

FBM KLCI fails to rebound as previous day's decline sparks caution

KUALA LUMPUR: The strong selling momentum on the FBM KLCI yesterday put investors on a cautious footing, which could prevent a quick rebound on the market.

Forex

Ringgit opens higher on US rate cut expectations

KUALA LUMPUR: The ringgit opened higher against the US dollar and most major currencies on Wednesday, lifted by growing expectations of a US interest rate cut amid weakening consumer confidence and concerns over rising prices from escalating tariffs.

Corporate News

Trading ideas: Maybank, Public Bank, IOIPG, MBSB, Pharmaniaga, AAX

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

Markets

S&P 500 ends higher after Trump attacks Fed

The S&P 500 ended higher on Tuesday, lifted by Nvidia and Eli Lilly, while US President Donald Trump's decision to fire a central bank governor deepened concerns about the Federal Reserve's independence.

Commodities

Oil falls 2% as investors weigh tariffs, Russian supply

Oil prices fell 2% on Tuesday, erasing gains from the previous session, as investors watched developments around US tariffs, the war in Ukraine and the potential disruption of Russian fuel supplies.

Corporate News

Heir to Malaysian fortune seeks to raise US$200mil

Iris Capital Partners, an investment firm backed by the heir to a Malaysian fortune, is seeking to raise US$200mil from institutional investors, the latest family wealth vehicle to open up to outside capital.