Markets

Bursa Malaysia introduces CSI platform for sustainability disclosures

KUALA LUMPUR: Bursa Malaysia Bhd has introduced an enhanced prescribed format for sustainability disclosures through its Centralised Sustainability Intelligence (CSI) platform, as part of its efforts to strengthen alignment with international disclosure standards.

Aviation

Sale of loss-making Firefly remains an option - MAG

PETALING JAYA: The disposal of its loss-making low-cost carrier Firefly is an option on the table, according to Khazanah Nasional Bhd-owned Malaysia Aviation Group (MAG).

Corporate News

Poh Kong's 1Q FY26 net profit rises to RM39.6mil on strong gold prices

KUALA LUMPUR: Poh Kong Holdings Bhd's net profit for the first quarter of the financial year 2026, ended Oct 31, 2025 (1Q FY2026), increased to RM39.61 million from RM21.34 million in the same quarter last year.

Corporate News

Pasukhas unit bags RM63.6mil data centre construction job

KUALA LUMPUR: Pasukhas Group Bhd's wholly-owned subsidiary Midtown Engineering Sdn Bhd has secured a RM63.6mil contract from a leading multinational technology corporation in the US for the construction of a data centre in Johor Bahru.

Corporate News

Ann Joo Resources unit inks JVs for Gurun industrial park development

KUALA LUMPUR: Ann Joo Resources Bhd said its indirect subsidiary Gurun Heavy Industrial Park Sdn Bhd (GHIP) has entered into two joint venture agreements with Transyear Sdn Bhd to develop Phases 1A and 1B of Gurun Heavy Industrial Park in Gurun in Kuala Muda, Kedah.

Markets

Bursa Malaysia extends upward momentum to 14-month high

KUALA LUMPUR: Bursa Malaysia's key index extended its uptrend today, climbing to a 14-month high, surpassing the previous high recorded on Oct 22, 2024 at 1,642.54, supported by broad-based buying from local institutional investors

Aviation

MAG aims to double revenue by 2030

PETALING JAYA: Malaysia Airlines' parent looks to double its revenue by the end of the decade on the back of a new five-year plan, following its success in turning profitable and eliminating RM10bil in legacy debt.

Corporate News

Binastra, Solarvest consortium secures three LSS5 EPCC awards valued at RM171.72mil

KUALA LUMPUR: Binastra Atlantic Sdn Bhd has accepted three contracts for engineering, procurement, construction and commissioning (EPCC) for the development of large scale solar plant (LSS5) from Maya Jaya Sdn Bhd valued at a combined RM171.72mil.

Aviation

KLIA system at fault for Malaysia Airlines' mishandled baggage - MAG

PETALING JAYA: Malaysia Airlines' parent has blamed Kuala Lumpur International Airport's (KLIA) baggage handling system after the state-owned airline fell behind its target for mishandled baggage this year.

Corporate News

OMS Group celebrates keel-laying of first two vessels in Next Generation G-class fleet

KUALA LUMPUR: OMS Group has commenced the hull assembly - a key phase in ship construction - for the first two vessels under its strategic fleet expansion programme.

Markets

Semico Capital to raise RM23.2mil via IPO en route to ACE Market listing on Jan 13

KUALA LUMPUR: Wholesaler and distributor of toys and collectables, Semico Capital Bhd plans to raise RM23.2 million from its initial public offering (IPO) en route to its listing on the ACE Market of Bursa Malaysia on Jan 13, 2026.

Markets

Bursa Malaysia higher at midday on ringgit's strength

KUALA LUMPUR: Bursa Malaysia ended the morning session marginally higher, supported by the continued strength of the ringgit, which lifted investor sentiment.

Corporate News

EP Manufacturing unit inks assembly agreements with XPeng

KUALA LUMPUR: EP Manufacturing Bhd said its wholly-owned subsidiary PEPS-JV (Melaka) Sdn Bhd (PJVM) has inked a framework assembly agreement and a related vehicle assembly agreement with XPeng Motors (Malaysia) Sdn Bhd.

Corporate News

Kenanga IB ups stake in Halogen Capital in latest funding round

KUALA LUMPUR: Kenanga Investment Bank Bhd has emerged as the largest institutional shareholder in digital asset fund manager Halogen Capital Sdn Bhd with a 14.9% stake following the completion of its latest funding round.

Stock on the Move

Orkim shares climb with institutional investors taking substantial stake

KUALA LUMPUR: Shares of oil and gas shipping company Orkim Bhd rose in early trade after three institutional investors emerged as substantial shareholders following its recent listing.

Markets

Foreign buyers extend net buying in Asian markets

KUALA LUMPUR: Foreign investors extended their net buying streak in Asian markets for the second consecutive week for the week ended Dec 12, 2025, registering net inflows of US$949.8 million.

Economy

China's factory output, retail sales weaken in November

BEIJING: China's factory output and retail sales growth slowed further in November, weighed by weak domestic demand and adding pressure on policymakers to take action to rebalance the $19 trillion economy, as trading partners take issue with its huge surplus.

Commodities

Oil rises on fears of supply disruption as US-Venezuela tensions escalate

TOKYO: Oil prices rose on Monday, recouping part of last week's 4% slide, as concerns over potential disruptions from escalating U.S.-Venezuela tensions outweighed lingering oversupply worries and the effects of a potential Russia-Ukraine peace deal.

Forex

Ringgit maintains upward trend, trade firmer against US$

KUALA LUMPUR: The ringgit maintained its upward trend, opening slightly higher against the US dollar as improving sentiment in the Malaysian economy and easing trade tensions supported the local currency.

Markets

Stocks slip as traders reduce exposure ahead of central bank meetings, key data

SINGAPORE: Asian stocks tumbled in early trading on Monday as investors reined in risk-taking at the start of a week sprinkled with central bank decisions and data releases.