Corporate News

Matrade, ICBC Malaysia partner to boost Malaysian exports to China

KUALA LUMPUR: The Malaysia External Trade Development Corporation (MATRADE) and Industrial and Commercial Bank of China (Malaysia) Bhd (ICBC Malaysia) have entered into a strategic partnership to facilitate Malaysian exports and business expansion into China.

Business

China's AI agents can lie and scheme - just like their US rivals

Chinese-powered AI agents have learnt to deceive, circumvent restrictions and conceal failure, showing the kind of traits in autonomous artificial intelligence that have raised global alarm about US models, research documents and experts say.

Corporate News

UMS Integration plans to raise up to RM450mil via share placement 

PETALING JAYA: UMS Integration Ltd intends to raise up to RM450mil through the issuance of 52.94 million new shares at RM8.50 per share.

Corporate News

Apollo Food 1Q net profit rises 9% to RM6.96mil on stronger exports 

PETALING JAYA: Apollo Food Holdings Bhd's net profit rose 9% year-on-year (y-o-y) to RM6.96mil in the first quarter of financial year 2027 (1QFY27) amid operating in a higher-cost environment.

Markets

Oura delays US IPO as fall market jitters deepen

Oura has delayed its US initial public offering, the smart ring maker said on Tuesday, citing market uncertainty and denting hopes for a pickup in the traditionally strong fall listings window

Business

China unveils rate cut, mortgage subsidies to spur growth

China on Tuesday cut the rate on a key central-bank lending facility and announced interest subsidies on new commercial mortgages for eligible first-time homebuyers, its latest effort to support a slowing economy.

Forex

Ringgit ends marginally higher against US dollar, S&P rating supports sentiment

KUALA LUMPUR: The ringgit strengthened marginally against the US dollar on Tuesday, with market sentiment supported by S&P Global Ratings' reaffirmation of Malaysia's 'A-' sovereign credit rating with a stable outlook.

Markets

Faire Bhd eyes ACE Market listing 

PETALING JAYA: Faire Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.

Corporate News

HI Mobility sees flattish year-on-year 2Q performance

PETALING JAYA: HI Mobility Bhd's unbilled order book stood at approximately RM211mil as at July 31, supported by government and corporate scheduled-bus contracts across Malaysia and Singapore

Banking

HLB Islamic says 43% of Meezani account holders are new customers

KUALA LUMPUR: Hong Leong Islamic Bank Bhd (HLB Islamic) said 43% of customers who opened its HLB Meezani Account-i in its first year were new to the bank.

Corporate News

Sern Kou Resources unit to cease plywood manufacturing operations 

PETALING JAYA: Sern Kou Resources Bhd (SKRB) has announced that its 51%-owned subsidiary, Sern Kou Plywood Sdn Bhd (SKPW), has decided to cease its plywood manufacturing operations.

Business

China expects trade to grow despite external challenges

China's foreign exchange regulator said on Tuesday it expects the country's trade in goods and services to keep growing, and cross-border investment to remain active, despite complex external situations.

Retail

Coalfields Retail Park targets full occupancy by 1Q27

KUALA LUMPUR: KLK Land Sdn Bhd expects its Coalfields Retail Park in Bandar Seri Coalfields, Sungai Buloh, to achieve 100% occupancy by the first quarter of 2027 (Q1 2027).

Business

Kim Loong cuts FY27 FFB production target by 6% to 310,000 tonnes 

PETALING JAYA: Kim Loong Resources Bhd is revising its fresh fruit bunches (FFB) production target down to 310,000 tonnes for the financial year ending Jan 31, 2027, representing a 6% drop from the preceding year.

Corporate News

SNS Network banks on AI, cloud infrastructure to drive growth

KUALA LUMPUR: SNS Network Technology Bhd is looking to artificial intelligence (AI) and cloud infrastructure to drive future growth as it expands beyond its core information and communications technology (ICT) products business.

Corporate News

Gamuda FY26 net profit rises to RM1.05bil, domestic construction earnings surge 49%

Gamuda Bhd's net profit increased by five per cent to RM1.052 billion for the financial year ended July 31, 2026 (FY2026), marking its fifth consecutive year of record earnings.

Business

Aeon Credit 2Q net profit falls to RM59.3mil despite higher revenue 

PETALING JAYA: Aeon Credit Service (M) Bhd's net profit for its second quarter ended Aug 31, 2026 dropped to RM59.30mil from RM72.23mil in the previous corresponding period, while revenue rose to RM665.2mil from RM617.88mil a year earlier.

Business

Muar Ban Lee unit to dispose of Kelantan plantation rights for RM16mil 

PETALING JAYA: Muar Ban Lee Group Bhd (MBL) has announced that its indirect wholly-owned unit Sokor Gemilang Ladang Sdn Bhd has agreed to sell and transfer its plantation development rights over about 789 hectares of plantation land in Jajahan Tanah Merah, Kelantan, to Maluri Avenue One Sdn Bhd for RM16mil.

Business

Scientex proposes RM101.5mil acquisition of 70% stake in China-based Mintpack 

PETALING JAYA: Scientex Bhd is proposing to acquire a 70% stake in China-based Hunan Changcheng Mint New Material Technology Co Ltd (Mintpack) from Tan Cui Fang and Hunan Changcheng Tianyi Information Technology Co Ltd for RM101.5mil. Mintpack is principally engaged in manufacturing of flexible plastic packaging, specializing in high-quality flexible plastic bags and roll films. In a filing with Bursa Malaysia, Scientex said the proposed acquisition will expand Scientex Group's consumer packaging footprint into China.

Aviation

Malaysia Airlines, China Southern expand codeshare to five more routes

KUALA LUMPUR: Malaysia Airlines and China Southern Airlines are expanding their codeshare partnership to five additional routes between Malaysia and China, effective Oct 25.