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Forex
Ringgit continues to soar, hitting 4.09 vs US dollar, the highest since April 2021
KUALA LUMPUR: The ringgit continued its positive momentum, jumping to the 4.09 level against the US dollar at Friday's close, hitting a new four-year-and-seven-month high, supported by positive Malaysian economic data.
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Corporate News
Khee San’s rights issue 80.25% subscribed, raises RM77.12mil
KUALA LUMPUR: Khee San Bhd (KSB) said its renounceable rights issue with warrants was 80.25% subscribed, raising RM77.12mil following the close of the application period on Dec 5, 2025.
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Corporate News
AWC wins RM42.3mil subcontract for data centre
PETALING JAYA: AWC Bhd wholly-owned subsidiary Qudotech Sdn Bhd has accepted a letter of award from Gamuda Bhd for subcontract works at a hyperscale data centre in Eco Business Park V in Puncak Alam, Selangor, valued at RM42.3mil.
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Corporate News
Yinson raises RM1.18bil via dual-tranche sukuk issuance
KUALA LUMPUR: Yinson Holdings Bhd has issued a RM1.175bil dual-tranche Sukuk Wakalah under its newly established Sukuk Wakalah Programme.
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Corporate News
Econpile secures RM66.4mil condo project in KL
PETALING JAYA: Econpile Holdings Bhd's wholly-owned subsidiary, Econpile (M) Sdn Bhd, has received a letter of award dated Nov 27, 2025 from Laser Tower Sdn Bhd to undertake piling and substructure works for a condominium project.
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Markets
FBM KLCI ends week higher as ringgit hits four-year high
KUALA LUMPUR: The FBM KLCI wrapped up the week higher, supported by positive regional sentiment and a rally in the ringgit to a four-year high.
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Corporate News
Mytech executive chairman launches mandatory takeover offer at 30 sen
PETALING JAYA: Mytech Group Bhd has received a conditional mandatory takeover offer from its 79-year-old executive chairman Tan Sri Cheng Joo Teik, following share acquisitions that lifted his and persons acting in concert (PAC) collective stake in the company to 47.52%.
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Corporate News
Foxconn to invest US$510mil in Kaohsiung headquarters in Taiwan
TAIPEI: Foxconn, the world's largest contract electronics maker, said on Friday it will invest T$15.9 billion ($509.94 million) to build its Kaohsiung headquarters in southern Taiwan.
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Business
E&O unveils Andaman Gurney Bridge, a new gateway to Andaman Island
GEORGE TOWN: Eastern & Oriental Bhd (E&O) today officially unveiled the Andaman Gurney Bridge, marking a significant new gateway to Andaman Island and reinforcing the developer's commitment to sustainable placemaking along Penang's northern seafront.
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Corporate News
MPay signs agreement for mobile wallet and prepaid card issuance
KUALA LUMPUR: ManagePay Systems Bhd (MPay) has entered into an agreement to issue a white-label mobile wallet and a co-branded Mastercard prepaid card for the PERWIRA Super App project.
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Forex
China's yuan hits fresh 14-month high despite PBOC's caution about rapid gains
China's yuan inched higher to a fresh 14-month high against a broadly weaker dollar on Friday, but the central bank's growing unease about recent rapid rises in the Chinese currency limited its gains.
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Commodities
Gold clings to 7-week high as investors gauge Fed trajectory; silver near record peak
GOLD prices held near a seven-week high on Friday, supported by expectations of more interest rate cuts next year after the U.S. Federal Reserve pushed back against hawkish market bets, while silver hovered just below Thursday's record peak.
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Corporate News
Yinson’s 3Q net profit rises 19.5%, declares 1 sen dividend
KUALA LUMPUR: Yinson Holdings Bhd, which posted a 19.5% increase in net profit for the third quarter ended Oct 31 (3Q26), has declared a dividend of 1.0 sen per share.
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Banking
Capital A, Standard Chartered Malaysia in tie-up to explore ringgit-denominated stablecoin
KUALA LUMPUR: Capital A Bhd and Standard Chartered Bank Malaysia Bhd will jointly explore the development and testing of a ringgit-denominated stablecoin through the Digital Asset Innovation Hub (DAIH) under Bank Negara Malaysia (BNM).
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Economy
Early signs of stabilisation in FMCG sales
CHINA's fast-moving consumer goods market has shown early signs of stabilising in the first three quarters, with smaller cities and rapidly evolving distribution channels being main engines, said research from Bain & Company and Worldpanel.
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Economy
Manufacturing sales up 6.3% in October to RM171.7bil
KUALA LUMPUR: The manufacturing sector posted sales of RM171.7 billion in October 2025, a 6.3 per cent increase versus the 4.3 per cent recorded in September 2025, said the Statistics Department Malaysia (DOSM).
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Corporate News
Straits Energy unit wins sustainability award for Setiu Wetlands restoration
KUALA LUMPUR: Straits Energy Resources Bhd's subsidiary, Benua Hijau Sdn Bhd, has received the Environmental Sustainability Award in the Biodiversity & Natural Resources Protection category at the ESG PLUS Awards.
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Corporate News
CTOS Digital appoints Ankur Sehgal as new group CEO
KUALA LUMPUR: CTOS Digital Bhd has appointed Ankur Sehgal as its new group chief executive officer, effective March 3, 2026.
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Corporate News
Kerjaya Prospek bags RM225mil contract for mixed development in Johor
KUALA LUMPUR: Kerjaya Prospek Group Bhd has secured a RM225mil building contract from Majestic Gen Sdn Bhd for a high-rise mixed development project in Johor Bahru.
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Banking
Bank Islam CEO stays on till year-end to ensure smooth transition
KUALA LUMPUR: Bank Islam Malaysia Bhd has extended the final day of service for its group chief executive officer (GCEO), Datuk Mohd Muazzam Mohamed, to Dec 31, 2025.
