Latest
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Economy
US weekly jobless claims fall as layoffs remain low
WASHINGTON: New applications for U.S. unemployment benefits fell last week amid low layoffs, suggesting labor market conditions remained calm in March, though economists have warned that a prolonged war in the Middle East posed a downside risk.
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Corporate News
UEM Edgenta shareholders approve proposed SCR, paving way for delisting
KUALA LUMPUR: UEM Edgenta shareholders today approved the proposed selective capital reduction and repayment exercise (SCR), paving the way for UEM Group to increase its current 69.14 per cent stake in the asset management and infrastructure solutions company to 100 per cent.
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Energy
Oil leaps back towards US$110, stocks tumble as Trump vows to keep hitting Iran
LONDON: Oil prices surged and global equity and bond markets recoiled again on Thursday after U.S. President Donald Trump dashed hopes of a swift resolution to the Middle East war.
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Corporate News
Ni Hsin in tie-up to accelerate EV deployment in Malaysia
PETALING JAYA: Ni Hsin Group Bhd, via its wholly-owned subsidiary Ni Hsin EV Tech Sdn Bhd (NHEVT) has signed a contract manufacturing agreement with MARS Greentech Sdn Bhd to accelerate the rollout of electric two-wheel mobility solutions in Malaysia and the broader South-East Asian market.
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Corporate News
Sunway eyes joint procurement after IJM takeover, says president
KUALA LUMPUR: Sunway Bhd plans to implement joint procurement in construction as part of its short-term strategy within nine months of acquiring IJM Corp Bhd.
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Corporate News
Dialog finalises Cendramas PSC with PETRONAS, partners
KUALA LUMPUR: Dialog Group Bhd has finalised and signed the Cendramas production sharing contract (PSC) with Petroliam Nasional Bhd (PETRONAS) and its partners.
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Economy
Malaysia’s economy can still surprise on upside, says BNM deputy governor
KUALA LUMPUR: Malaysia's economic growth could still surprise on the upside, depending on the duration of the West Asia conflict, said Bank Negara Malaysia (BNM) Deputy Governor Datuk Marzunisham Omar.
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Forex
Ringgit closes easier against US dollar as war uncertainty keeps investors on edge
KUALA LUMPUR: The ringgit closed easier against the US dollar today after gaining ground yesterday, with market sentiment remaining cautious amid President Trump's unpredictable stance on the US-Iran conflict, leading to constant changes in risk appetite among traders and investors.
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Corporate News
MN Holdings wins RM128mil data centre job
PETALING JAYA: MN Holdings Bhd has accepted a letter of award involving the construction of a 275 kilovolt consumer landing station (CLS) for a data centre in the central region of Peninsular Malaysia, worth RM128mil.
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Business
Women on PLC boards at 29.3% as of January 2026, says SC chairman
KUALA LUMPUR: The percentage of women on boards of directors for all public listed companies (PLCs) stood at 29.3 per cent as of January 2026.
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Markets
EI Power inks underwriting agreement
PETALING JAYA: EI Power Bhd (EIP) has today entered into an underwriting agreement with M & A Securities Sdn Bhd in conjunction with its upcoming initial public offering on the ACE Market of Bursa Malaysia.
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Business
HLEP project strengthens Perak's position as driver of green economy
IPOH: The implementation of the RM5.8 billion Hydro Life Extension Programme (HLEP), supported by the development of a Centralised Placement Facility as a strategic component in the Sungai Perak hydroelectric corridor, continues to strengthen Perak's position as a driver of the country's future green economy.
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Forex
Ringgit expected to strengthen to RM3.92
KUALA LUMPUR: The ringgit is expected to continue strengthening against the US dollar, with its 2026 forecast revised to average around RM3.92 (2025 average: RM4.28), said MBSB Investment Bank Bhd.
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Corporate News
Bintai Kinden wins RM45mil TNB job
PETALING JAYA: Bintai Kinden Corp Bhd (BKCB) has accepted a letter of award from Tenaga Nasional Bhd (TNB) for the maintenance of a transmission main intake (PMU) in Bukit Tengah, Penang, worth RM44.65mil.
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Markets
FBM KLCI dips below 1,700 as Trump signals continued Iran strikes
KUALA LUMPUR: The FBM KLCI slipped below the 1,700-point level as escalating Middle East tensions weighed on sentiment after U.S. President Donald Trump signalled more aggressive strikes on Iran.
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Property
Factory units at MVV TechValley see 85% pre-Launch take-up
PETALING JAYA: Matrix Concepts Holdings Bhd's newest phase of semi-detached factory units at the MVV TechValley Biz Park in Negeri Sembilan has recorded more than 85% take-up during its pre-launch, underscoring strong market confidence in the development.
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Corporate News
DKSH Malaysia privatisation plan fails as shareholders reject SCR
KUALA LUMPUR: The privatisation of DKSH Holdings (M) Bhd (DKSH Malaysia) via a selective capital reduction (SCR) has fallen through after shareholders rejected the plan at an extraordinary general meeting (EGM) today.
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Markets
Indonesia completes stock market reforms requested by index providers, official says
JAKARTA: Indonesia has completed the stock market reforms that were requested by index providers, a senior official said on Thursday, part of efforts to restore investor confidence in Southeast Asia's biggest economy.
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Technology
Global Electronics Association, MIMOS ink MoU to boost Malaysia’s semiconductor ecosystem
PENANG: Global Electronics Association and MIMOS Bhd have signed a memorandum of understanding (MoU) to strengthen Malaysia's electronics and semiconductor ecosystem, with a focus on advanced electronic packaging (AEP).
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Energy
Oil jumps nearly 7% after Trump says US to keep up attacks on Iran
SINGAPORE: Oil prices climbed nearly 7% on Thursday, as President Donald Trump said the United States would keep up attacks on Iran without committing to a specific timeline to end the war, fanning investor fears about sustained disruptions to supply.
