Economy

World Bank positive on Malaysia's fiscal consolidation strategy

KUALA LUMPUR: The World Bank acknowledged the government's efforts to safeguard Malaysia's long-term fiscal sustainability but maintained a cautious stance on the lower development expenditure (DE) outlined in Budget 2026.

Banking

Bank Negara to adopt MYOR-i as mandatory Islamic benchmark rate from July 2027

KUALA LUMPUR: Bank Negara Malaysia (BNM) will adopt the Malaysian Islamic Overnight Rate (MYOR-i) as the mandatory reference rate for all Islamic financial products beginning July 1, 2027, marking a major structural reform in the country's Islamic finance landscape.

Forex

Ringgit likely to appreciate to RM4 vs US$ by year-end - Bank Negara governor

KUALA LUMPUR: The ringgit could appreciate to RM4 against the US dollar by the end of the year with Malaysia's bright economic prospects, Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour said today.

Corporate News

Rohas Tecnic subsidiary bags RM28.67mil contract from TNB

KUALA LUMPUR: Rohas Tecnic Bhd's 86.8%-owned subsidiary HG Power Transmission Sdn Bhd has secured a RM28.67mil contract from Tenaga Nasional Bhd for works at the 275KV bulk supply (data centre) in Iskandar Puteri, Johor.

Forex

Ringgit ends lower as dollar firms on trade concerns

KUALA LUMPUR: The ringgit slipped against the US dollar at Monday's close, reflecting renewed strength in the greenback amid lingering trade tensions between the United States and China.

Corporate News

NIISe contract sum revised to RM1.05bil - HeiTech Padu

KUALA LUMPUR: The value of HeiTech Padu Bhd's contract for the National Integrated Immigration System (NIISe) project has been revised to RM1.05 billion from RM892.19 million.

Markets

Bursa Malaysia tracks regional downturn amid fresh US-China trade spat

KUALA LUMPUR: Bursa Malaysia ended lower today in line with the regional downturn as renewed United States-China trade tensions weighed on sentiment.

Corporate News

Northport records highest-ever monthly conventional cargo throughput in September

KUALA LUMPUR: Northport (Malaysia) Bhd recorded its highest-ever monthly conventional cargo throughput of 1,327,883 freight weight tonnes (FWTs) in September 2025.

Markets

THMY IPO oversubscribed 35.57 times ahead of ACE Market debut

KUALA LUMPUR: THMY Holdings Bhd's initial public offering (IPO) has been oversubscribed by 35.57 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd, scheduled for Oct 23, 2025.

Corporate News

Omesti subsidiary seals RM30.31mil contract for Immigration Dept LAN, ICT services

KUALA LUMPUR: Omesti Bhd said its 49% indirect-owned subsidiary Formis Network Services Sdn Bhd has accepted a RM30.31mil contract from the Ministry of Home Affairs for preventive and corrective maintenance services for local network (LAN) equipment and ICT security at Immigration Department offices.

Markets

Genting makes RM6.74bil privatisation bid for Genting Malaysia

KUALA LUMPUR: Genting Bhd has made a conditional voluntary take-over offer for all the shares in Genting Malaysia Bhd it does not already own for RM2.35 cash per share.

SME

SJPP unlocks nearly RM100bil in SME financing through 80% risk guarantees

KUALA LUMPUR: Syarikat Jaminan Pembiayaan Perniagaan Bhd (SJPP) has unlocked nearly RM100 billion in financing for small and medium enterprises (SMEs) by guaranteeing up to 80 per cent of the risks that banks are unwilling to bear.

Corporate News

Malakoff inks agreement to secure equipment for 1,400MW power plant project

KUALA LUMPUR: Malakoff Corporation Bhd has entered into a reservation agreement (RA) with Mitsubishi Power Ltd for the reservation of two sets of M701JAC gas turbines and gas turbine generators.

Investment

Iskandar Investment to drive regional growth, innovation in support of Budget 2026 goals

ISKANDAR PUTERI: Iskandar Investment Bhd (IIB) affirms its commitment to fully support Budget 2026 through strategies that foster regional economic growth, strengthen the talent ecosystem, and expand green and digital innovation initiatives.

Markets

China's stocks sink on fresh US trade war salvo

HONG KONG/SHANGHAI: China stocks fell sharply in volatile trade on Monday as a renewed trade war between Washington and Beijing hit risk appetite and spurred profit-taking, pulling shares from their decade highs.

Banking

BPMB Group to spearhead over RM9bil in strategic initiatives under Budget 2026

KUALA LUMPUR: Bank Pembangunan Malaysia Bhd (BPMB) will spearhead over RM9 billion worth of strategic initiatives under Budget 2026 to drive the MADANI Economy vision through impact-driven financing, export facilitation and micro, small and medium enterprises (MSMEs) ecosystem development.

Markets

Cloudpoint completes listing transfer to Main Market

KUALA LUMPUR: Information technology solutions provider Cloudpoint Technology Bhd was traded on the Main Market of Bursa Malaysia today following its transfer of listing from the ACE Market.

Commodities

Oil recoups some losses from US-China tensions

SINGAPORE: Oil prices rose on Monday after hitting five-month lows in the previous session, as investors hoped potential talks between the presidents of the U.S. and China could ease trade tensions between the world's two largest economies and oil consumers.

Markets

Teamstar receives Bursa approval for ACE Market listing

KUALA LUMPUR: Bursa Malaysia Securities Bhd has approved Teamstar Bhd for listing on the ACE Market.

Telcos

U Mobile inks first 5G, 4G wholesale access agreement with Eastel

KUALA LUMPUR: U Mobile has signed a five-year wholesale access agreement with mobile virtual network operation (MVNO) Eastel from Anchor Communications.