Corporate News

Apollo Food ends FY25 on a high note, eyes continued growth

KUALA LUMPUR: Apollo Food Holdings Bhd aims to continue the rationalisation of its manufacturing facilities and the execution of its capacity expansion plans in the financial year ending April 30, 2026 (FY26).

Corporate News

Theta Edge bags RM4.4mil mobile x-ray contract from NCSM

PETALING JAYA: Theta Edge Bhd has accepted a letter of award from the National Cancer Society Malaysia (NCSM) for the provision of mobile X-ray equipment worth RM4.38mil.

Markets

Bursa Malaysia slips amid cautious sentiment over Middle East tensions

KUALA LUMPUR: Market sentiment turned cautious on Tuesday as escalating tensions in the Middle East weighed on investor confidence, leading to a broadly weaker performance on Bursa Malaysia.

Forex

Asian currencies weaken on Middle East tensions; rate decisions in focus

Emerging Asian currencies weakened on Tuesday against a largely steady dollar, as conflict in the Middle East kept investors on edge, while focus was also on central bank rate decisions this week.

SME

Anwar praises EPF's efforts in enhancing retirement adequacy

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has commended the Employees Provident Fund's (EPF) efforts in exploring new approaches to enhance Malaysian retirement adequacy. 

Energy

Oil rises as Iran-Israel conflict keeps floor under prices

SINGAPORE: Oil prices rose on Tuesday, with analysts saying that uncertainty would keep prices elevated, even as there were no concrete signs of any production losses stemming from the Iran-Israel conflict for now.

Property

Double win for S P Setia at FIABCI World Prix d’Excellence 2025

KUALA LUMPUR: S P Setia Bhd has won two prestigious awards at the FIABCI World Prix D'Excellence Awards 2025.

Banking

Bank of Korea to lower interest rates cautiously, minutes show

SEOUL: Board members of South Korea's central bank said it was necessary to continue easing monetary policy to support economic growth, but with caution over associated risks, minutes of their May 29 policy meeting showed on Tuesday.

Economy

Amir Hamzah: RON95 subsidy cut to come first, carbon tax expected in 2026

KUALA LUMPUR: The government will prioritise the rationalisation of RON95 petrol subsidy this year before introducing a carbon tax in 2026, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Energy

Malaysia to consider adopting nuclear energy to accelerate net-zero target 2050

KUALA LUMPUR: Malaysia has to relook the whole energy triangle, including the possibility of adopting nuclear energy, in order to achieve its net-zero carbon emissions target by 2050, said Deputy Minister of the Energy Transition and Water Transformation Ministry (PETRA), Akmal Nasrullah Mohd Nasir.

Economy

Cooperation between China, region becomes increasingly important

WHEN President Xi Jinping hosted the first China-Central Asia Summit in the ancient Chinese city of Xi'an in 2023, it marked a pivotal moment in relations between the world's second-largest economy and the Eurasian heartland.

Corporate News

PETRONAS, Commonwealth LNG ink 20-year deal for sustainable LNG

KUALA LUMPUR: PETRONAS via its subsidiary PETRONAS LNG Ltd has entered into a 20-year contract to purchase liquefied natural gas (LNG) from Commonwealth LNG, LLC.

Corporate News

Yinson Production closes US$1bil investment from international consortium

KUALA LUMPUR: Yinson Production has closed a US$1bil investment from a consortium comprising a wholly-owned subsidiary of the Abu Dhabi Investment Authority (Adia), and funds managed by British Columbia Investment Management Corporation (BCI) and RRJ Group (RRJ).

Economy

Wage reform can ease inflation, cost of living pressure - Bank Negara

KUALA LUMPUR: Controlling inflation alone is insufficient to alleviate cost-of-living pressures, said Bank Negara Malaysia (BNM), highlighting the urgent need for structural reforms to address stagnant wage growth and ensure that incomes keep pace with rising prices.

Corporate News

Berjaya Land to collaborate on rare earth mining and plantations initiatives in Perlis

KUALA LUMPUR: Berjaya Land has entered into a memorandum of understanding with Impianan Utara Sdn Bhd to explore rare earth mining and the planting of Napier hybrid grass and Blackthorn durian in Perlis.

Markets

FBM KLCI drifts lower amid fluid Middle Eastern situation

KUALA LUMPUR: The selling pressure in Malaysian equities continued as ongoing developments in the Iran-Israel conflict sapped appetite for equities and boosted safe-haven and energy prices.

Commodities

Oil rises as Iran-Israel conflict spurs uncertainty

SINGAPORE: Oil prices climbed on Tuesday on concerns the Iran-Israel conflict may intensify, raising the risk of further unrest and the potential disruption of oil supply from the key Middle East producing region.

Corporate News

Mah Sing named in Fortune SEA 500 list for second year

KUALA LUMPUR: Mah Sing Group Bhd has been recognised as one of the region's leading companies, earning a place in the Fortune Southeast Asia 500 List for the second consecutive year.

Economy

Singapore's exports unexpectedly fall 3.5% y-o-y in May

SINGAPORE: Singapore's non-oil domestic exports fell 3.5% in May from the same month a year earlier, government data showed on Tuesday, bucking analyst estimates as shipments to the United States fell sharply a month after Washington announced tariffs.

Markets

Stocks slip, oil jumps as Trump calls for Tehran evacuation

US stock futures slipped and oil prices rose on Tuesday, as investors were rattled by U.S. President Donald Trump's call for everyone to evacuate Tehran with the fifth-day of Israel-Iran fighting sowing fears of a broader regional conflict.