Latest

1d ago

Energy
TotalEnergies acquires interest in various blocks offshore Malaysia from PETRONAS

PETALING JAYA: TotalEnergies SE enlarged its upstream portfolio in Malaysia through the acquisition of interest in several offshore blocks from Petroliam Nasional Bhd (PETRONAS).
1d ago

Banking
OCBC extends RM351mil financing for Johor property projects in JS-SEZ

KUALA LUMPUR: OCBC Bank (M) Bhd has extended RM351mil in financing to See Hong Chen Group and Exsim to support three strategic real estate developments in the Johor-Singapore Special Economic Zone (JS-SEZ).
1d ago

Forex
Ringgit rises against US dollar amid heightened uncertainties

KUALA LUMPUR: The ringgit ended higher against the US dollar, supported by a weaker US Dollar Index (DXY) which fell by 0.21 per cent to 97.979 points amid heightened uncertainties, an economist said.
1d ago

Banking
CIMB names ex-SC chief Syed Zaid Albar as chairman

PETALING JAYA: Former head honcho of Securities Commission Malaysia (SC), Datuk Syed Zaid Albar will take over as group chairman of CIMB Group Holdings Bhd from Tan Sri Mohd Nasir Ahmad effective July 20, 2025, with the latter retiring on July 19 this year.
1d ago

Corporate News
Felda dispatches offer documents for FGV privatisation plan, closing july 7

KUALA LUMPUR: The Federal Land Development Authority (Felda) today said it has dispatched the offer documents for its plan to privatise FGV Holdings Bhd, with the offer closing at 5 pm on Monday, July 7, 2025, unless extended.
1d ago

Corporate News
Deleum's unit acquires oilfield service business in Thailand for RM60mil

PETALING JAYA: Deleum Bhd will acquire oilfield services assets and business in Thailand for RM60mil.
1d ago

Banking
SME Bank, BSN partner to boost Malaysia’s homegrown entrepreneurs

KUALA LUMPUR: Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) and Bank Simpanan Nasional (BSN) have inked a memorandum of understanding to empower Malaysia's homegrown entrepreneurs.
1d ago

Corporate News
Poh Kong remains stable as gold demand holds firm

KUALA LUMPUR: Poh Kong Holdings Bhd expects gold demand to remain strong as global trade tensions and tariff-driven disruptions push investors toward safe-haven assets like gold.
1d ago

Corporate News
Anwar: TNB earmarks RM43bil to upgrade national grid with AI, battery storage systems

KUALA LUMPUR: National utility company Tenaga Nasional Bhd has committed RM43 billion to upgrade the national grid infrastructure, said Prime Minister Datuk Seri Anwar Ibrahim.
1d ago

Markets
FBM KLCI ends slightly higher amid lack of catalysts

KUALA LUMPUR: The local bourse ended marginally higher on Monday, in line with regional gains, as a lack of strong catalysts kept investor sentiment subdued.
1d ago

Aviation
Thai Airways to exit debt restructuring programme

BANGKOK: Flag carrier Thai Airways International on Monday said it will exit its debt restructuring programme and expects to resume trading its shares on the stock market by early August.
1d ago

Forex
Asian stocks, FX weaken on Mideast tensions; central bank meetings in focus

Most Asian stock markets retreated on Monday and currencies edged down against a resilient dollar as the escalating conflict between Israel and Iran weighed on risk sentiment, while investors braced for several central bank meetings this week.
1d ago

Commodities
Gold prices retreat as traders secure profits after near 2-month high

GOLD prices dropped on Monday as traders locked in profits following a rally to a near two-month peak, sparked by intensified clashes between Israel and Iran over the weekend that heightened fears of a broader regional conflict.
1d ago

Markets
Asia stocks show resilience, oil rally moderates

SYDNEY: Asian shares proved resilient on Monday and oil prices rose anew as the conflict between Israel and Iran showed no sign of cooling, adding geopolitical uncertainty to the world's economic troubles in a week packed with central bank meetings.
1d ago

Economy
Benchmark for cross-regional trade cooperation

IN late May, workers of Zhejiang Yueli Electrical Co, a home appliances manufacturer based in Ningbo, Zhejiang province, were seen moving with practiced precision inside a workshop at the company.
1d ago

Economy
Malaysia's Trade Openness Index rises to 149 in 2024

KUALA LUMPUR: Malaysia's Trade Openness Index (TOI) increased to 149.0 in 2024, compared to 144.6 in 2023, according to the Department of Statistics Malaysia (DoSM).
1d ago

Commodities
Global oil prices surge amid escalating conflict around Strait of Hormuz - PETRONAS

KUALA LUMPUR: Global oil prices are surging in anticipation of a supply shock due to the escalating conflict around the Strait of Hormuz, according to Petroliam Nasional Bhd (Petronas).
1d ago

Commodities
Gold hits near 2-month high as Middle East conflict boosts safe-haven demand

GOLD rose to a near two-month high on Monday, as intensified clashes between Israel and Iran over the weekend stoked fears of a broader regional conflict, pushing investors towards safe-haven assets.
1d ago

Corporate News
Solarvest's JV signs PPA for 30MWac solar PV plant in Brunei

KUALA LUMPUR: Solarvest Holdings Bhd's 34%-owned joint venture company, Seri Suria Power (B) Sdn Bhd, has inked a power purchase agreement with the government of Brunei for a 30MWac solar photovoltaic power plant.
1d ago

Corporate News
Berjaya Land inks plans for residential housing in Greenland

KUALA LUMPUR: Berjaya Land Bhd via its wholly-owned subsidiary Berjaya Greenland Invest A/S has inked a collaboration with SIBS Sdn Bhd to deliver modular housing in Greenland.