Latest

1d ago

Economy
India braces for export hit as steep new US tariffs loom

MUMBAI/NEW DELHI: Indian exporters are bracing for disruptions after a U.S. Homeland Security notification confirmed Washington would impose an additional 25% tariff on all Indian-origin goods from Wednesday, ramping up trade pressure on the Asian nation.
1d ago

Corporate News
E&O's net profit rises to RM45.42mil in 1Q

KUALA LUMPUR: Eastern & Oriental Bhd (E&O) registered a strong start to the year with higher contributions from both its property and hospitality businesses.
1d ago

Markets
Bursa Malaysia stays lower at midday

KUALA LUMPUR: Bursa Malaysia remained lower at midday, weighed down by profit-taking in financial, transportation and utilities heavyweights, a dealer said.
1d ago

Banking
Maybank records 1H earnings growth to RM5.22bil, declares 30c div/share

KUALA LUMPUR: Malayan Banking Bhd (Maybank) registered another period of profit growth in the first half of 2025 (1HFY25), despite a narrower net interest margin (NIM) amid a lower interest rate environment.
1d ago

Banking
Public Bank records higher 1H net profit of RM3.51bil, declares 10.5c div/share

KUALA LUMPUR: Depite significant headwinds, Public Bank Bhd said improved net interest and non-interest income underscored a resilient performance in the first half of 2025.
1d ago

Corporate News
PETRONAS Carigali achieves first hyrdocarbon from Bindu field

KUALA LUMPUR: PETRONAS Carigali Sdn Bhd, a wholly-owned subsidiary of PETRONAS, has achieved first hydrocarbon production from the Bindu field, located 210 kilometres off the coast of Terengganu.
1d ago

Economy
MyCC invites public feedback on digital economy market review

KUALA LUMPUR: All stakeholders from various sectors are invited to contribute their feedback on the Draft Final Report of the Market Review on the Digital Economy Ecosystem.
1d ago

e-Commerce
TNG eWallet QR scan expands beyond payments

KUALA LUMPUR: TNG Digital Sdn Bhd today announced an upgraded quick response (QR) scanning feature for TNG eWallet that extends the app's use beyond payments.
1d ago

Auto
Nissan shares slide 6% after Mercedes-Benz's planned $346 million stake sale

TOKYO: Shares in Nissan Motor slumped around 6% on Tuesday after its second-largest shareholder, Mercedes-Benz, said it would sell its 3.8% stake in the struggling Japanese automaker.
1d ago

Markets
US dollar, Treasuries slide on latest Trump attack on Fed

TOKYO: The dollar and U.S. Treasuries slid in Asian trading on Tuesday after President Donald Trump announced he was removing a Federal Reserve governor, which undermined confidence in U.S. assets.
1d ago

Forex
Ringgit opens lower vs greenback as DXY gains

KUALA LUMPUR: The ringgit opened slightly weaker against the US dollar on Tuesday, pressured by profit-taking, as the US Dollar Index (DXY) rose 0.73 per cent to 98.430.
1d ago

Markets
Local bourse hovers near 1,600 mark as traders digest gains

KUALA LUMPUR: The FBM KLCI was slow out of the blocks as traders digested the previous day's gains, which had extended the overbought valuations of the stocks.
1d ago

Markets
Trading ideas: YTL, Haily, Gamuda, Xin Synergy, Southern Cable, Avillion, FGV, Magma, Ivory, SD Guthrie, TH Plantations, Allianz

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
1d ago

Commodities
Oil prices rise as traders weigh supply risks

LONDON: Oil prices climbed on Monday as traders weighed concerns that Russian supply could be disrupted by more U.S. sanctions and Ukrainian attacks targeting energy infrastructure in Russia. Brent crude futures were up 40 cents, or 0.6%, to $68.13 by 1315 GMT, and West Texas Intermediate (WTI) crude futures gained 46 cents, or 0.7%, to $64.12.
1d ago

Markets
Wall Street ends down as traders focus on Nvidia, Fed after last week's rally

WALL Street stocks ended lower on Monday as investors parsed the outlook for U.S. interest rates and looked ahead to AI chipmaker Nvidia's quarterly earnings this week while digesting a rally on Friday that lifted the Dow Jones Industrial Average to a record high close.
1d ago

Corporate News
Mohd Haris is deputy group MD of SD Guthrie

KUALA LUMPUR: SD Guthrie Bhd has appointed Mohd Haris Mohd Arshad, 53, as deputy group managing director (MD), effective Sept 1.
1d ago

Business
Cheeding eyes ACE Market listing

KUALA LUMPUR: Cheeding Holdings Bhd, a utilities engineering solutions provider, has signed an underwriting agreement with TA Securities Holdings Bhd for its proposed initial public offering (IPO) on the ACE Market of Bursa Malaysia.
1d ago

Corporate News
Southern Cable earnings up to RM32mil

PETALING JAYA: Southern Cable Group Bhd's second quarter ended June 30, 2025 (2Q25) net profit surged 119% to RM31.6mil, fuelled by strategic expansion as revenue increased 33% to RM419.3mil on higher sales volume.
1d ago

Cryptocurrency
The future of digital payments

STABLECOINS, a form of cryptocurrency is reshaping global finance. The fast revolution of digital technology is changing the payments landscape.
1d ago

Corporate News
TH Plantations cautiously optimistic as 2Q25 net profit rises to RM12mil

KUALA LUMPUR: TH Plantations Bhd's (THP) net profit rose to RM11.79mil in the second quarter ended June 30, 2025 (2Q25), from RM10.41mil in the same period last year.