Aviation

IATA: Global air passenger demand falls 1.7% in June 2026

KUALA LUMPUR: Global air passenger demand, measured in revenue passenger kilometres (RPK), fell 1.7 per cent year-on-year (y-o-y) in June 2026, largely due to declines in domestic markets in China, the United States and Japan, according to the International Air Transport Association (IATA).

Corporate News

Dataprep divests 60% interest in DPS for RM3mil

PETALING JAYA: Dataprep Holdings Bhd (DHB) is disposing of its 60% stake in Dataprep Payments Solutions Sdn Bhd (DPS) to Ng Chee Chau for RM3mil cash.

Corporate News

MMM Group auditor flags going concern uncertainty

PETALING JAYA: MMM Group Bhd's independent auditor, Messrs PKF PLT, has highlighted a material uncertainty related to the group's ability to continue as a going concern in its audit report for the financial year ended March 31, 2026.

Business

Wise connects directly to PayNet, adds DuitNow QR payments

KUALA LUMPUR: Wise has connected directly to Payments Network Malaysia (PayNet), enabling its users to make payments via DuitNow QR and simplifying Malaysian ringgit transfers.

Business

Malaysia Airlines renews JDT FC partnership until 2029

KUALA LUMPUR: Malaysia Airlines has renewed its strategic partnership with Johor Darul Ta'zim Football Club (JDT FC) for another three years, extending the collaboration until 2029.

Corporate News

BAT Malaysia posts lower 2Q26 earnings

PETALING JAYA: British American Tobacco (Malaysia) Bhd (BAT Malaysia) has posted a lower net profit of RM10.64mil for the second quarter ended June 30, 2026 (2Q26), compared with RM50.95mil in the previous corresponding period.

Markets

Bursa Malaysia mulling incentives to boost MyValue Up programme participation

KUALA LUMPUR: Bursa Malaysia is considering incentives to encourage greater participation in its MyValue Up programme as part of efforts to strengthen long-term value creation among listed companies.

Corporate News

Pantech's 1Q profit jumps 58% to RM17.2mil

KUALA LUMPUR: Pantech Group Holdings Bhd is optimistic of its performance for the current financial year, supported by resilient export markets and sustained economic activity, despite ongoing macroeconomic uncertainties.

Corporate News

UUE posts record 1Q earnings, order book rises to RM515mil

KUALA LUMPUR: UUE Holdings Bhd's net profit more than quadrupled to RM9.04mil in the first quarter ended May 31, 2026, from RM1.69mil a year earlier, as revenue rose 88.8% to a record RM61.2mil.

Corporate News

YTL REIT sees stable hospitality outlook on strong travel demand

PETALING JAYA: YTL Hospitality Real Estate Investment Trust (YTL REIT) expects the hospitality sector to remain stable in the regions in which it operates, supported by sustained growth in domestic and international travel demand.

Forex

Ringgit closes mostly higher regionally, unchanged against US dollar

KUALA LUMPUR: The ringgit closed mostly higher against regional currencies and was flat against the US dollar on Thursday, following the latest US Federal Open Market Committee (FOMC) decision to stand pat.

Corporate News

Axis-REIT to acquire RM113mil industrial complex; 2Q earnings slip

PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) has entered into a sale and purchase agreement with WH Union Development Sdn Bhd to acquire a fully occupied industrial complex located in Kawasan Industri Padang Meha, Kedah, for RM113mil in cash.

Corporate News

Perdana Petroleum unit wins accommodation barge charter contract

PETALING JAYA: Perdana Petroleum Bhd's wholly-owned subsidiary, Perdana Nautika Sdn Bhd (PNSB), has secured a contract from Keyfield Serenity Sdn Bhd to charter an accommodation work barge (AWB).

Corporate News

PSP Energy secures Sinopec lubricants distribution rights

PETALING JAYA: PSP Energy Bhd, via its wholly-owned subsidiary, PSP Lubricants (M) Sdn Bhd (PSP Lubricants) has been appointed as an authorised distributor of Sinopec Lubricant Co Ltd for Perak and East Coast Malaysia (Kelantan, Terengganu and Pahang).

Corporate News

One Glove auditor flags material uncertainty over going concern

KUALA LUMPUR: One Glove Group Bhd's external auditor has issued an unqualified audit opinion with a material uncertainty related to the group's ability to continue as a going concern for the financial year ended March 31, 2026.

Markets

Malaysia’s bond market outflow may slow on fiscal, rate outlooks

GLOBAL investors' retreat from Malaysian debt may ease, supported by the country's relatively healthy finances and efforts to ease inflationary pressures, market participants said.

Corporate News

ViTrox anticipates favourable 2H26 outlook

PETALING JAYA: Vitrox Corp Bhd anticipates a favourable business environment heading into the second half of 2026, supported by continued investments in artificial (AI) and data centre infrastructure.

Markets

Late buying lifts FBM KLCI to intraday high at close

KUALA LUMPUR: Bursa Malaysia reversed earlier losses to finish at its intraday high on Thursday as last-minute buying lifted the benchmark index.

Corporate News

Magnum Ice Cream tops earnings forecasts as cost cuts kick in

MAGNUM Ice Cream reported half-year core earnings above market expectations on Thursday, driven by cost cuts following its December spin-off from Unilever, and said trading remained strong at the start of the key summer season.

Corporate News

Shell profit more than doubles to US$9.8bil, second-highest on record, as Iran war lifts prices

LONDON: Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict.