Markets

FBM KLCI slips after previous-week rally

KUALA LUMPUR: The FBM KLCI was slightly lower as trading commenced on Monday, with investors taking a breather after closing out the previous week with two strong sessions of gains.

Corporate News

Trading ideas: Kerjaya Prospek, Lianson, Hume Cement, Orkim, Econpile, Khee San, Mytech, Managepay, Industronic, Evocom, SLGC, Yinson, EWI

KUALA LUMPUR: Kerjaya Prospek Group Bhd has secured a RM225.0mn contract for the construction of a 50-storey serviced apartment and commercial development in Johor Bahru.

Corporate News

Nvidia mulls increasing H200 chip output in China

TAIPEI: Nvidia has told Chinese clients it is evaluating adding production capacity for its powerful H200 AI chips after orders exceeded its current output level, according to two sources.

Forex

Ringgit to trade cautiously against the US dollar this week

KUALA LUMPUR: The ringgit is likely to trade cautiously this week, hovering between RM4.09 and RM4.11 against the US dollar after strengthening by 0.39% week-on-week.

Corporate News

Petros inks deals with China companies to develop KLCH

KUCHING: Petroleum Sarawak Bhd (Petros) is teaming up with China Jiangsu International Technology Corp Group Ltd (CJI) to develop the Kuching Low Carbon Hub (KLCH).

Economy

Phased overhaul for Sarawak’s water system

KUCHING: Sarawak's comprehensive billion-ringgit water pipe replacement project will be implemented in phases over five years, says Sarawak Premier Tan Sri Abang Johari Tun Openg.

Commodities

Gold futures expected to trade higher this week 

KUALA LUMPUR: The gold futures contract on Bursa Malaysia Derivatives is expected to trade higher this week, as investors are still drawn to the safe-haven asset following the US Federal Reserve's (Fed) decision to cut interest rates for the third time this year.

Economy

Lowering business cost is a strategic priority

ON-the-ground feedback and various surveys have consistently showed that businesses remain under operational and financial strains in 2024-2025, primarily driven by rising input costs, economic uncertainty, rising wages, supply chain issues, evolving regulatory environments and other structural factors.

Corporate News

Truhome hires four banks for US$300mil IPO

MUMBAI: Warburg Pincus LLC's Truhome Finance Ltd has hired four banks for a planned initial public offering (IPO) that could raise as much as US$300mil, according to sources.

Economy

Steering the economy toward a new blueprint

BEIJING: With a high-level meeting wrapped up in Beijing last week, China set out a clear roadmap for how it intends to steer the economy as the next five-year plan period is set to begin.

Economy

Steady advancement in local commitment to ESG standards

KUALA LUMPUR: The outlook for the adoption of environmental, social and governance (ESG) standards by companies in Malaysia looks highly positive next year due largely to practical policy initiatives unveiled this year, such as the carbon tax, increased ESG reporting and scaling up sustainability initiatives.

Economy

Australia to ban supermarket price gouging

MELBOURNE: Australia will ban supermarket price gouging from July 1 under a new law the government says will protect shoppers from excessive grocery prices charged by major retailers.

Commodities

CPO futures set to trade lower

KUALA LUMPUR: The crude palm oil (CPO) futures market is expected to trade lower this week due to profit taking, says Interband Group of Companies senior palm oil trader Jim Teh.

Corporate News

SpaceX sets US$800bil valuation, confirms 2026 IPO plans

SAN FRANCISCO: SpaceX is moving forward with an insider share sale that values Elon Musk's rocket and satellite maker at about US$800bil, setting up what could be the largest initial public offering (IPO) of all time.

Markets

Oracle-Broadcom stumble rattles AI stocks

NEW YORK: The red-hot trade backing artificial intelligence (AI)-related stocks has taken a bruising from back-to-back troubling updates from Oracle and Broadcom, reigniting concerns about frothy valuations and an AI bubble.

Corporate News

Dassault Systemes widens AI partnerships with M’sia

KUALA LUMPUR: Dassault Systèmes is ramping up its collaboration with Malaysian industry and government partners to accelerate the adoption of virtual twin technologies and generative artificial intelligence (AI), positioning the country for a new phase of industrial and aerospace transformation under the National AI Roadmap.

Commodities

Palm oil and the price of tomorrow

ON Dec 3 2025, during the debate on the Rang Undang-Undang Perbekalan 2026 (Supply Bill 2026) or Budget 2026, Senator Robert Lau Hui Yew reminded the nation of a truth too easily forgotten in air-conditioned rooms and digital spreadsheets: palm oil is not a resource extracted from the earth; it is a crop earned through labour, discipline and sweat.

Star Biz7

Dents and glitter in steel sector

The steel industry, once a cornerstone of Malaysia's economy, now appears to be buckling under its own strain.

Corporate News

Debt plays a big role in Paramount’s Warner bid

NEW YORK: Even if Paramount Skydance Corp manages to take over Warner Bros Discovery Inc against the company's will, it faces another high hurdle: coping with the colossal US$54bil of debt it's planning to take on.

Corporate News

Netflix’s massive US$72bil Warner Bros deal faces scepticism

NETFLIX says it must acquire Warner Bros Discovery (WBD) to compete with YouTube, but antitrust experts doubt regulators will buy that argument.