Latest

23 Nov 2023

Markets
UBS sees gains for Japan value stocks

UBS Global Wealth Management expects Japan’s cheaply valued stocks to extend their outperformance into 2024 amid a revival in domestic economic growth and gradual monetary policy tightening.
23 Nov 2023

Corporate News
AmBank upbeat about FY24 after solid first half

AMMB Holdings Bhd (AmBank) logs an improved performance in the first half of its 2024 financial year (FY24) as it navigates a challenging external environment in the second quarter of 2023.
23 Nov 2023

Corporate News
Firm hurt by Xi’s crackdown comes roaring back

One of the biggest losers from Chinese President Xi Jinping’s crackdown on the private sector has turned into a surprise stock market winner after overhauling its business model.
23 Nov 2023

Corporate News
Japan’s Resonac to open chip packaging centre in US

Japanese chip-material maker Resonac says it will set up a research and development centre for advanced semiconductor packaging and materials in Silicon Valley.
23 Nov 2023

Corporate News
Private lenders provide US$4.9bil for Adevinta buyout

Private credit funds are providing a record €4.5bil (US$4.9bil) loan to back the buyout of Adevinta ASA, marking the latest win for a market that’s increasingly become the go-to funding source for private equity firms.
23 Nov 2023

Economy
Investors flock to Jakarta dollar securities

Bank Indonesia’s first auction of its US dollar securities, meant to attract foreign inflows that would support the rupiah, is oversubscribed.The central bank sold US$236.5mil in the Tuesday offer of foreign exchange-denominated securities (SVBI), exceeding its US$200mil target. It awarded US$168mil for the one-month paper at an average rate of 5.45% and US$68.5mil for the three-month note at an average rate of 5.6%.
23 Nov 2023

Business
China fines iPhone maker Foxconn US$2,800 amid major tax probe

Chinese tax authorities handed out a 20,000 yuan fine to a Foxconn Technology Group subsidiary for overstating expenses while Beijing is pursuing a broader probe into the iPhone maker’s operations.
23 Nov 2023

Economy
Singapore economy growth beats forecast in third quarter

Singapore’s economy grew more than expected in the third quarter, data showed yesterday, while officials narrowed their full-year forecast owing to subdued demand for its exports in key markets including the United States and China.
23 Nov 2023

Economy
Sand mining in Vietnam’s Mekong Delta sinks homes and livelihood

One summer morning, Le Thi Hong Mai’s home collapsed into a river in Vietnam’s Mekong Delta, where shoreline erosion caused by sand mining and hydropower dams threatens hundreds of thousands of people.
23 Nov 2023

Corporate News
Sarawak’s infrastructure wave to benefit KKB

KKB Engineering Bhd, which saw a significant jump in its net profit in the third quarter ended Sept 30, 2023 (3Q23), is poised to secure more jobs in Sarawak given its track record, backed by its strategic shareholder, the Sarawak Economic Development Corp.
23 Nov 2023

Corporate News
Positive outlook for SMG’s property segment

Star Media Group Bhd (SMG) has recorded a sequential improvement in top line as well as pre-tax margin and profit at its property segment in the third quarter ended Sept 30, 2023 (3Q23), says Kenanga Research.
23 Nov 2023

Corporate News
Hyundai Motor looks into future of auto production

When asked to picture an auto-manufacturing plant, one would easily think of multiple assembly lines filled with engineers and vehicle parts being transported to their next destinations. Hyundai Motor Group Innovation Centre Singapore, or HMGICS, is anything but that.
23 Nov 2023

Corporate News
Kerjaya Prospek poised to secure more contracts

Kerjaya Prospek Group Bhd is in a sweet spot to secure more jobs in the coming months, backed by its RM2bil tender book.
23 Nov 2023

Corporate News
Another robust quarterly showing

Malayan Banking Bhd (Maybank) has laid out strategies to pursue opportunities for growth across its consumer and business segments within its Asean franchise, as it remains cautious about global macroeconomic challenges.
22 Nov 2023

Corporate News
Inari posts lower net profit of RM84.98mil in 1Q24

KUALA LUMPUR: Inari Amertron Bhd recorded a lower net profit of RM84.98 million in the first quarter ended Sept 30, 2023 (1Q FY2024) from RM106.25 million in 1Q FY2023 dragged down by unfavourable currency movement and increase in electricity rates.
22 Nov 2023

Corporate News
Sunway 3Q profit up 8.75% to RM180.30mil

KUALA LUMPUR: Sunway Bhd’s net profit rose 8.75 per cent to RM180.30 million in the third quarter (3Q) ended Sept 30, 2023 from RM165.78 million a year earlier.
22 Nov 2023

Corporate News
Genting Plantations' 3Q net profit rises to RM80.52mil

KUALA LUMPUR: Genting Plantations Bhd’s net profit for the third quarter ended Sep 30, 2023 (3Q 2023) rose to RM80.52 million from RM75.49 million registered in the same quarter last year.
22 Nov 2023

Forex
Ringgit falls against US dollar at close after recent gains

KUALA LUMPUR: The ringgit fell against the US dollar at the close on Wednesday following recent gains and after the US Federal Open Market Committee (FOMC) minutes of its last meeting showed that the American central bank will remain cautious in its approach to monetary policy, said an analyst.
22 Nov 2023

Corporate News
Dutch Lady posts lower net profit of RM16.8mil for 3Q

PETALING JAYA: Dutch Lady Milk Industries Bhd (DLMI) will stay focused on its investments in the dairy market to maintain its position as the country's market leader, according to managing director Ramjeet Kaur Virik.
22 Nov 2023

Corporate News
Widad secures construction project worth RM116.80mil from ECERD

KUALA LUMPUR: Widad Group Bhd has been awarded a contract worth RM116.80 million from the East Coast Economic Region Development Sdn Bhd (ECERD).