Latest

4h ago

Corporate News
QL Resources expects a rebound in egg demand

PETALING JAYA: QL Resources Bhd is cautiously optimistic that its business performance will remain satisfactory in the coming quarter, as it is upbeat that egg demand and price will rebound to cushion the impact from egg cost subsidy removal.
4h ago

Corporate News
PPB records lower net profit in 2Q25

PETALING JAYA: PPB Group Bhd's net profit for the second quarter ended June 30, 2025 (2Q25) fell by 9% year-on-year (y-o-y) due to a decrease in contribution from Wilmar International Ltd.
4h ago

Corporate News
Lagenda reports 6.8% year-on-year revenue growth in 1H25

PETALING JAYA: Lagenda Properties Bhd reported a 6.8% year-on-year revenue growth in its six-month financial period ended June 30, 2025 (1HFY25).
5h ago

Corporate News
DRB-Hicom returns to black in 2Q with RM58.09mil net profit

KUALA LUMPUR: DRB-Hicom Bhd swung to the black with a net profit of RM58.09 million in the second quarter (2Q) ended June 30, 2025, from a net loss of RM17.08 million in the same period last year.
5h ago

Corporate News
Sunway posts steady 2Q profit at RM273mil, declares 4 sen dividend

PETALING JAYA: Sunway Bhd remains confident in its ability to navigate global macro headwinds, as it stays focused on strategic priorities, premised on the strong prospects of the real estate and construction industries.
5h ago

Corporate News
KLCCP expects better stability within office segment

PETALING JAYA: KLCCP Stapled Group, which consists of KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust, believes the office segment continues to offer stability, supported by long-term leases and steady income.
5h ago

Corporate News
Willowglen's unit bags RM86.5mil contract from LTA

KUALA LUMPUR: Willowglen MSC Bhd's wholly-owned unit, Willowglen Services Pte Ltd, has secured a contract worth RM86.5 million from Singapore's Land Transport Authority (LTA) to replace the expressway traffic and communications system.
5h ago

Banking
Affin eyes RM1bil credit card receivables in ‘shortest possible time’

KUALA LUMPUR: Affin Bank Bhd has joined hands with Marriott International Inc to "ride the wave of growth" from Malaysia's tourism and hospitality rebound, with a target to double its credit card receivables to RM1bil within 12 months, while Marriott expands its footprint in the country ahead of Visit Malaysia 2026.
5h ago

Corporate News
Berjaya Food sinks deeper into the red in FY25

KUALA LUMPUR: Berjaya Food Bhd (BFood), which posted a wider net loss for the financial year ended June 30, 2025 (FY25), said it remains committed to creating long-term value in the year ahead through innovation, digital transformation and stronger customer engagement.
6h ago

Business
Ringgit ends lower against greenback ahead of US inflation data this Friday

KUALA LUMPUR: The ringgit extended its loss to end lower against the greenback on Wednesday ahead of key US inflation data.
6h ago

Corporate News
Guan Chong’s 2Q profit falls 28% to RM48.2mil

KUALA LUMPUR: Guan Chong Bhd, which posted a 28% drop in net profit for the second quarter ended June 30 (2Q25), said it will continue to focus on its core cocoa ingredient processing business.
6h ago

Corporate News
Genting Plantations expects palm product prices to remain stable in the near term

PETALING JAYA: Genting Plantations Bhd, which posted higher revenue and profitability for the second quarter ended June 30 (2Q25) as well as for the first half of the year (1H25), anticipates palm product prices to remain stable in the near term.
6h ago

Corporate News
MRCB posts 2Q25 net profit of RM15.07mil

PETALING JAYA: Malaysian Resources Corp Bhd's (MRCB) net profit for its second quarter ended June 30, 2025, stood at RM15.07mil compared with RM51.18mil in the previous corresponding period, while revenue dropped to RM297.76mil from RM372.16mil a year earlier.
7h ago

Corporate News
KLK posts 44% jump in 3Q profit, expects palm oil prices to stay volatile

KUALA LUMPUR: Kuala Lumpur Kepong Bhd (KLK) expects palm oil prices to remain volatile in the second half of 2025 as the industry enters its peak production cycle, with Malaysian output plateauing and slower growth in Indonesia.
7h ago

Corporate News
MPay secures Mastercard deal worth RM38mil

PETALING JAYA: Managepay Systems Bhd (Mpay), has accepted a letter of offer worth RM38mil from Mastercard Asia/Pacific Pte Ltd to develop and operate the ManagePay-issued Mastercard payment cards.
7h ago

Corporate News
IGB enters into JV to acquire and develop land in Johor

PETALING JAYA: IGB Bhd has entered into a shareholders agreement with Southkey City Sdn Bhd (SCSB) to establish Enrich Horizon Sdn Bhd (EHSB) to acquire and develop two parcels of leasehold land in Southkey, Johor Baru.
7h ago

Markets
Bargain-hunting drives FBM KLCI higher after sharp selloff

KUALA LUMPUR: The FBM KLCI rebounded on Wednesday, lifted by bargain-hunting in blue-chip counters after the sharp selloff a day earlier, amid mostly weaker regional markets.
8h ago

Forex
Asian currencies fall as dollar rebounds; stocks mixed ahead of Nvidia results

ASIAN currencies fell on Wednesday as the U.S. dollar recovered after declining in the previous session, though concerns persisted over Federal Reserve's independence, while regional equities traded mixed ahead of key Nvidia earnings.
8h ago

Corporate News
IJM signs supplemental concession pact for NPE extension

KUALA LUMPUR: IJM Corp Bhd has entered into a supplemental concession agreement (SCA) with the government to formalise the 15-kilometre New Pantai Expressway (NPE) extension and extend the existing NPE concession period.
9h ago

Commodities
Gold prices slip as dollar firms, but Fed turmoil limits losses

GOLD prices slipped on Wednesday, pressured by an uptick in the dollar, although renewed concerns over the U.S. central bank's independence after President Donald Trump's threat to fire Federal Reserve Governor Lisa Cook lent support to bullion.