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Business
SC reviewing laws to close loopholes, improve conviction rate
KUALA LUMPUR: The Securities Commission (SC) is reviewing its existing laws to close loopholes and strengthen enforcement, as part of its efforts to improve conviction rates in capital market offences.
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Banking
Affin Bank chairman Md Agil Mohd Natt retires
PETALING JAYA: Affin Bank Bhd has announced the retirement of its chairman, Datuk Md Agil Mohd Natt.
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Corporate News
United Plantations eyes satisfactory FY26
PETALING JAYA: United Plantations Bhd expects to deliver a "satisfactory" performance for its the financial year ending Dec 31, 2026 (FY26), underpinned by firm palm oil prices, resilient biodiesel demand and continued operational discipline.
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Corporate News
AME REIT posts net profit of RM116.72mil for FY26
KUALA LUMPUR: AME Real Estate Investment Trust (REIT) posted a net profit of RM116.72 million in the financial year ended March 31, 2026 (FY2026) from RM47.99 million recorded a year ago.
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Corporate News
PETRONAS Chemicals to prioritise domestic demand, ensuring high-quality products
KUALA LUMPUR: PETRONAS Chemicals Group Bhd (PCG) remains committed to prioritising domestic demand over exports to ensure the continued availability of high-quality products in the local market.
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Corporate News
Willowglen bags RM12mil Singapore security maintenance contract
PETALING JAYA: Willowglen MSC Bhd has announced that its wholly-owned subsidiary, Willowglen Services Pte Ltd, has been awarded a contract worth RM12mil by SP PowerAssets Ltd, Singapore, for the maintenance of front-end security equipment.
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Corporate News
Samchem unit secures RM21.08mil Johor lease for chemical terminal
PETALING JAYA: Chemical supplier Samchem Holdings Bhd's wholly-owned subsidiary, SC Terminals Sdn Bhd (SCTSB), has entered into an agreement with Idemitsu Chemicals (M) Sdn Bhd (ICMSB) for the proposed acquisition for the right of use of part of a parcel of leasehold land in Johor for RM21.08mil.
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Corporate News
Maxim Global awards RM4.3mil HQ renovation contract to related party
PETALING JAYA: Maxim Global Bhd has awarded a renovation work contract to Nu Infinity Sdn Bhd, a related party, worth RM4.3mil to undertake renovation works at the former's new headquarters at Old Klang Road, Kuala Lumpur.
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Energy
Malaysia pushes electricity market reforms to accelerate renewable energy adoption
AS Malaysia moves forward with electricity market reforms, new mechanisms should also be implemented to provide market participants greater clarity, confidence and consistency, says the Malaysian Photovoltaic and Sustainable Energy Industry Association.
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Forex
Ringgit ends slightly lower against US dollar, firmer vs other majors
KUALA LUMPUR: The ringgit closed slightly weaker against the US dollar on Wednesday as investors shifted towards safe-haven assets, while trading mostly higher against other major and regional currencies.
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Corporate News
Mayu Global’s bank accounts unfrozen, RM6.3mil released
KUALA LUMPUR: Mayu Global Group Bhd said seven bank accounts linked to the company and its subsidiaries have been unfrozen following the revocation of a police order.
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Corporate News
CapitaLand sees better earnings for 1Q26
PETALING JAYA: CapitaLand Malaysia Trust (CLMT) posted a higher profit of RM45.81mil for the first quarter ended March 31, 2026, compared to the RM37.49mil recognised for the same quarter last year.
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Corporate News
TAS Offshore promotes Lau Choo Chin to MD
PETALING JAYA: TAS Offshore Bhd has redesignated its deputy managing director, Lau Choo Chin, as managing director with effect from April 30.
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Corporate News
JAG Capital sells 30% stake in oil palm management firm for RM44.3mil
PETALING JAYA: JAG Capital Bhd is disposing of its 30% stake in oil palm management firm Sinong Sepadu Sdn Bhd (SSSB) to Sinong Enterprise Sdn Bhd for RM44.3mil.
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Business
KESUMA monitors glove maker WRP closure as 1,426 workers laid off
PUTRAJAYA: The Ministry of Human Resources (KESUMA), through the Peninsular Malaysia Department of Labour (JTKSM), is closely monitoring the closure of operations involving WRP Asia Pacific Sdn Bhd to ensure the rights and welfare of its 1,426 affected workers are protected.
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Markets
FBM KLCI ends winning streak on profit-taking
KUALA LUMPUR: Profit-taking snapped a four-session winning streak on Bursa Malaysia, dragging the FBM KLCI lower on Wednesday, bucking the regional trend.
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Economy
Malaysia should reform, recalibrate response to global changes, says Tengku Zafrul
KUALA LUMPUR: Malaysia should reform or recalibrate its response to changes in the global architecture, especially in trade, as they occur, said Malaysian Investment Development Authority (MIDA) chairman Tengku Datuk Seri Zafrul Abdul Aziz.
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Markets
Capital market resilient in 2025 despite volatile global landscape
KUALA LUMPUR: The Malaysian capital market remained resilient in 2025, continuing to fulfil its fundamental role in facilitating capital raising for the domestic economy despite a volatile global landscape, said the Securities Commission Malaysia (SC).
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Banking
Bank Negara international reserves at US$128.8bil as at April 15
KUALA LUMPUR: Bank Negara Malaysia's (BNM) international reserves stood at US$128.8 billion as at April 15, 2026.
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Energy
Oil prices dip after Trump announces ceasefire
LONDON: Oil prices eased on Wednesday as investors assessed the outlook for U.S.-Iran peace talks after the U.S. announced an extension of the ceasefire.
