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1d ago

Forex
Ringgit slips against greenback on profit-taking ahead of US economic data release

KUALA LUMPUR: The ringgit ended lower against the American dollar on Tuesday on profit-taking ahead of the release of US economic data later today and toward the end of the working week.
1d ago

Banking
MBSB posts 35% growth in 1H25 net profit to RM180mil

KUALA LUMPUR: MBSB Bhd reported a 35.3% rise in net profit to RM180.2mil for the first half ended June 30, 2025, compared with RM133.2mil a year earlier.
1d ago

Corporate News
Ta Ann records higher 2Q25 net profit

PETALING JAYA: Ta Ann Holdings Bhd's net profit for the second quarter ended June 30, 2025 (2Q25) rose 11% year-on-year (y-o-y) to RM54.27mil or earnings per share of 12.32 sen. Revenue grew by 18% y-o-y to RM432.61mil.
1d ago

Corporate News
Mohd Zamree to step down as CGC CEO, Nazri to take over Jan 2026

KUCHING: Credit Guarantee Corporation Malaysia Bhd (CGC) president and chief executive officer (PCEO) Datuk Mohd Zamree Mohd Ishak will step down on Dec 31.
1d ago

Markets
Bursa Malaysia publicly reprimands, fines and strikes off dealer's rep

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded, fined and ordered to strike off a commissioned dealer's representative (CDR) for various misconducts.
1d ago

Corporate News
Reach Ten posts 32% rise in 2Q profit

KUALA LUMPUR: Reach Ten Holdings Bhd is venturing into the maritime and oil and gas (O&G) sectors, where its Starlink satellite services are set to meet rising demand for reliable, wide-coverage connectivity.
1d ago

Corporate News
MKHOP acquires Indonesian greenfield estate PT Tunas Tani for RM9.1mil

PETALING JAYA: MKH Oil Palm (East Kalimantan) Bhd (MKHOP) is acquiring a 100% stake in Indonesian oil palm plantation company, PT Tunas Tani Tutus for RM9.1mil.
1d ago

Corporate News
WCT 1H25 profit falls 42%, revenue tops RM1bil

KUALA LUMPUR: WCT Holdings Bhd expects the engineering and construction sector to remain challenging but is hopeful about the rollout of larger projects in Malaysia in the near future.
1d ago

Corporate News
Innature acquires The Body Shop Singapore for RM10.4mil

PETALING JAYA: Innature Bhd is acquiring the entire shareholding in The Body Shop Singapore Pte Ltd from The Body Shop International Ltd (TBSI) for RM10.4mil.
1d ago

Corporate News
Moody’s affirms Khazanah’s A3 rating, maintains stable outlook

KUALA LUMPUR: Moody's Ratings has affirmed Khazanah Nasional Bhd's A3 long-term issuer rating and baa3 Baseline Credit Assessment (BCA). The outlook remains stable.
1d ago

Markets
Late selling drags FBM KLCI to steepest drop since April

KUALA LUMPUR: Late selling in blue chips dragged the FBM KLCI below the 1,600 level, a day after it touched the mark, mirroring weakness across regional markets.
1d ago

Business
Heir to Malaysian fortune seeks US$200mil for private markets

IRIS Capital Partners, an investment firm backed by the heir to a Malaysian fortune, is seeking to raise $200 million from institutional investors, the latest family wealth vehicle to open up to outside capital.
1d ago

Banking
OCBC launches Women Unlimited to boost women entrepreneurs in Malaysia

KUALA LUMPUR: OCBC Malaysia has launched OCBC Women Unlimited, a programme to support women entrepreneurs across Malaysia with financing, networking and knowledge-sharing opportunities.
1d ago

Property
TA Global, Alliance Bank partner to offer green financing for The Arden

KUALA LUMPUR: TA Global Bhd has partnered with Alliance Bank Malaysia Bhd to provide green financing for purchasers of The Arden, an upcoming Grade-A strata office tower in the heart of Damansara Avenue.
1d ago

Commodities
Gold hits 2-week high as dollar dips after Trump fires Fed's Cook

GOLD touched a two-week high on Tuesday, as the dollar slipped after U.S. President Donald Trump said he was removing Federal Reserve Governor Lisa Cook, a move that undermines confidence in U.S. assets and the central bank's independence.
1d ago

Energy
Oil eases after hitting over two-week high on Russia supply risks

SINGAPORE: Oil prices edged down on Tuesday after surging nearly 2% in the previous session, with traders keeping a close eye on developments surrounding the Ukraine war that could disrupt Russian fuel supplies.
1d ago

Corporate News
UOA Development posts higher net profit of RM91.7mil in 2Q

KUALA LUMPUR: UOA Development Bhd posted a higher net profit of RM91.71 million in the second quarter of its financial year ending Dec 31, 2025, (2Q FY2025) compared to RM61.05 million in the same quarter a year ago.
1d ago

Markets
Asian currencies, stocks fall as Trump's Fed governor ouster sparks jitters

ASIAN stocks tumbled on Tuesday after President Donald Trump's shock dismissal of a Federal Reserve governor rattled global confidence in the U.S. central bank's independence, with regional currencies sliding in tandem.
1d ago

Banking
Cross-border financial integration raises spillover risks, says Amir Hamzah

KUALA LUMPUR: Financial institutions today operate across borders and legal systems, which has enabled risks and spillovers to spread rapidly, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
1d ago

Economy
China steps up efforts to boost opening-up

CHINA will upgrade its special customs supervision areas and advance international customs cooperation to reinforce foreign trade resilience, senior government officials said on Monday.