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.

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.

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.

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.

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.

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.

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).

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).

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.

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.

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.

Markets

FBM KLCI falls further at midday

KUALA LUMPUR: Malaysia's stock market was on course to another weak session as the mounting geopolitical pressure in the Middle East sent investors into safe-haven assets.

Economy

China's factory output slows, retail sales unexpectedly robust

BEIJING: China's factory output growth hit a six-month low in May, while retail sales picked up steam, offering temporary relief for the world's second-largest economy amid a fragile truce in its trade war with the United States.

Markets

Stocks, dollar stay calm in Asia as oil rises

SYDNEY: Asian markets kept their nerve on Monday and oil prices climbed 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.

Markets

Net outflow of offshore funds from Bursa Malaysia rises to RM444.4mil

KUALA LUMPUR: Foreign funds exited the Malaysian stock market for a fourth consecutive week last week with a net outflow of RM444.4mil.

Markets

Ringgit opens higher against US$ amid geopolitical tension

KUALA LUMPUR: The ringgit opened higher against the United States (US) dollar and a basket of currencies, including ASEAN currencies today, amid cautious sentiment due to escalating geopolitical risks, said an analyst.

Markets

Growing Middle East conflict sends traders to the sidelines

KUALA LUMPUR: Traders on Bursa Malaysia were expectedly sidelined on Monday as the intensifying conflict in the Middle East added to the global uncertainty.

Corporate News

Trading ideas: Axiata, Dialog, Kretam, KJTS, UUE, NuEnergy, Rex, Ping Edge, IOI, Cuckoo

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

Commodities

Oil prices climb as Israel-Iran conflict heightens supply disruption fears

TOKYO: Oil prices climbed in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.

Markets

Hong Kong bourse seeks to woo Southeast Asia, Middle East firms for second listings

HONG KONG: The Hong Kong stock exchange plans to attract listed companies in Southeast Asia and the Middle East, in particular, for second listings in the financial hub, its chief executive said, as the bourse looks to burnish its global credentials.