Latest
-
Corporate News
Glomac expects FY25 sales to exceed previous year
Glomac Bhd is confident of surpassing financial year 2024's (FY24) new property sales of RM360mil despite achieving only RM162mil as of the nine- month period of FY25 (9M25).
-
Corporate News
MyNews turnaround to be driven by higher procurement volumes
Analysts expect MyNews Holdings Bhd to experience a turnaround in the next 12 months, despite management expecting it to take place at the end of 2024.
-
Corporate News
CPO prices, Indonesian ops to fuel United Malacca’s growth
United Malacca Bhd's Indonesian planting and sustained crude palm oil (CPO) prices are the main drivers of its prospects going forward.
-
Corporate News
Mega water projects bode well for Engtex Group
Engtex Group Bhd may see meaningful earnings recovery in the financial year 2025 (FY25) on the back of local sourcing of hot-rolled coil (HRC), stabilising steel prices and a pick-up in orders.
-
Property
Singapore private home prices edge higher on back of sales boom
Singapore private home prices grew at a slower pace in the first quarter, after an increase in the supply of condominiums helped to cool a buying frenzy.
-
Corporate News
Hiap Teck’s second-half earnings to peak
Earnings of Hiap Teck Venture Bhd in the second half of its financial year 2025 (2H25) is shaping to come in stronger on the back of the stabilisation of steel prices and lower key steelmaking input cost, as well as the recent commencement of hot rolled coil production.
-
Corporate News
Sapura Energy not likely to exit PN17 anytime soon
It may take until the second half of 2026, at the earliest, for debt-laden Sapura Energy Bhd to qualify for the revocation of its Practice Note 17 (PN17) status.
-
Economy
BoJ mulls pace of hikes as survey signals strength
Japan's large manufacturers remain relatively upbeat about business conditions, reflecting a degree of resilience that supports the case for the central bank to keep raising interest rates at a gradual pace even as uncertainty over the prospects for global trade continue to mount.
-
Corporate News
TNB confident of securing sizeable contingent capex over RP4
Tenaga Nasional Bhd (TNB) is confident of securing 60% to 70% of the contingent capital expenditure (capex) in the Regulatory Period 4 (RP4).
-
Corporate News
Intel CEO says priority is to recruit, retain talent
Intel Corp chief executive officer Tan Lip Bu says one of his priorities will be to restock the chipmaker with some of the talent that it has lost over the years.
-
Commodities
Biofuel boost in Brazil helps push corn to a high
Brazil is turning more corn into fuel than ever before, pushing prices of the grain higher and making exports more uncertain for the world's second-largest supplier.
-
Auto
US automakers in mad dash to persuade Trump to temper tariffs
US automakers are making a last-ditch effort to sway the Trump administration on tariffs set to take effect this week, contending that levies on the thousands of parts they source abroad could have catastrophic effects on the industry.
-
Economy
Factory activity registers modest growth in March
China's factory activity expanded modestly for a second straight month in March, adding to a string of recent indicators pointing to a stabilising economy amid improved sentiment in the manufacturing sector.
-
Banking
Key banks eye US$72bil via placements
China's major state-owned commercial banks plan to raise up to 520 billion yuan (US$71.7bil) via private placements from investors, including the finance ministry, a forward-looking move which analysts say will help forestall financial risks and better support the real economy.
-
Corporate News
Fintech players eye Philippines market
The Philippines has become more attractive as an investment hub for financial technology (fintech) players after the country finally exited the dirty money "gray list," according to the Fintech Alliance PH.
-
Corporate News
Better contract terms poised to push Dayang’s profit margin up
Oil and gas-related company Dayang Enterprise Holdings Bhd is liked by analysts due to its sustained ramp-up in upstream maintenance activities as well as the anticipated expansion in project margins due to better contract terms secured.
-
Aviation
Hong Kong Airlines scours second-hand market for more aircraft
Hong Kong Airlines Ltd wants to get hold of as many second-hand aircraft as it can for a renewed push into intercontinental travel.
-
Corporate News
Inalum to finish study for second phase of alumina smelter project
State-owned aluminium producer PT Indonesia Asahan Aluminium (Inalum) aims to complete a feasibility study and final investment decision on the second phase of its smelter-grade alumina refinery (SGAR) in Mempawah, West Kalimantan this year.
-
Insight
Volvo goes back to car industry basics with surprise CEO switch
Volvo Car's abrupt decision to tap Hakan Samuelsson as its chief executive officer (CEO) puts the car industry veteran back in charge of steering the automaker through US president Donald Trump's tariff turbulence and a wobbly transition to electric cars, analysts and investors say.
-
Markets
Wall Street closes out bruising first quarter
As Wall Street draws the curtain on a tumultuous quarter in which stocks logged a record high before tumbling into correction, investors are faced with a mountain of policy uncertainty that clouds the outlook for coming quarters.
