Latest

1d ago

Corporate News
Takaful Malaysia 3Q net profit up 25% to RM91.1mil

KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) is optimistic to grow its market share and achieve sustainable growth, according to group chief executive officer Nor Azman Zainal.
1d ago

Markets
Asian shares dragged lower by China, Treasury yields climb

SINGAPORE: Asian shares were dragged lower by losses in China on Friday and in the absence of guidance from Wall Street, which was closed for the Thanksgiving holiday, while the dollar stayed on the back foot and Treasury yields climbed a touch.
1d ago

Economy
Leading index better in September 2023 - DoSM

KUALA LUMPUR: Malaysia's leading index (LI) improved to negative 0.3 per cent by recording 109.3 points in September 2023 compared to negative 0.5 per cent, anticipating a healthier economic prospect in the near future, said the Department of Statistics Malaysia (DoSM).
1d ago

Corporate News
Sime Plantation's net profit triples to RM1.21bil in 3Q as upstream ops recovers

KUALA LUMPUR: Sime Darby Plantation Bhd is looking to end 2023 with a satisfactory financial performance as it turned in a robust set of earnings for its third quarter of the year.
1d ago

Markets
Bursa heads into the red as investors await new leads

KUALA LUMPUR: Bursa Malaysia turned south over the course of morning trading as investors sought out new leads after having digested recent global developments.
1d ago

Economy
Malaysia posts 1.8% inflation in October, lowest since April 2021

KUALA LUMPUR: Malaysia's inflation moderated to 1.8% in October 2023, representing its lowest level since April 2021 amid lower price increases in food and non-alcoholic beverages.
1d ago

STARPICKS
Trends to watch before 2023 ends: Transition finance within responsible investment in Asia

IN THE Asian context, transition finance can take the centre stage within the responsible investment market.
1d ago

Corporate News
Sime Darby Property posts net profit surge to RM144.92mil in 3Q

KUALA LUMPUR: Sime Darby Property Bhd achieved RM2.5bil in sales in the first nine months of 2023, putting it on track to surpass its FY23 sales target of RM2.7bil.
1d ago

Forex
Ringgit flat vs US$, stronger against other currencies at opening

KUALA LUMPUR: The ringgit was traded almost flat at the opening against the US dollar today on lack of fresh buying interest amid low volatility due to the Thanksgiving holiday in the United States (US).
1d ago

Stock on the Move
Genting shares climb on 3Q earnings surprise

KUALA LUMPUR: The trading stock of Genting Bhd got a shot in the arm following the release of its quarterly results yesterday, which revealed better-than-expected earnings.
1d ago

Markets
Bursa trends sideways ahead of inflation report

KUALA LUMPUR: Malaysia's upcoming inflation data will be in focus this morning even as the market continues on a downward bias consolidation band.
1d ago

Analyst Reports
Trading ideas: Genting, Genting Malaysia, Takaful Malaysia, Jentayu, Kanger, SP Setia, AME Elite, DRB-Hicom, PetDag, Dayang and YTL

KUALA LUMPUR: Companies that made the headlines recently include Genting, Genting Malaysia, Takaful Malaysia, Jentayu, Kanger, SP Setia, AME Elite, DRB-Hicom, PetDag, Dayang and YTL, said Apex Research.
1d ago

Commodities
Oil slips 1% on concerns over delayed Opec+ meeting

Oil prices dipped about 1% on Thursday, extending losses on expectations that Opec+ might not deepen output cuts next year after the producer group postponed its policy meeting.
1d ago

Corporate News
Barra confronts a litany of GM hurdles

Mary Barra’s ambitious plan to double General Motors Co’s (GM) revenue to US$280bil by the end of the decade has a relatively simple premise at its heart: Turn the legacy automaker into more of a tech company.
1d ago

Economy
Hunt to make investment tax break permanent

UK Chancellor of the Exchequer Jeremy Hunt aims to boost business investment by £20bil (US$25.1bil) a year by unleashing a package of measures on Wednesday including making permanent a 100% tax relief on investment spending by British businesses.
1d ago

Corporate News
Investors against Brookfield’s US$11bil bid for Australia’s Origin Energy

A Brookfield-led consortium’s A$16.3bil (US$10.61bil) bid for Origin Energy is expected to fail after the largest shareholder in Australia’s biggest energy retailer says it will vote against the offer.
1d ago

Corporate News
Hexagon to incubate more Chinese tech companies

Swedish metrology and geo-analytics company Hexagon AB will increase its investment in China and incubate more innovation-oriented companies to aid in the nation’s economic growth, a senior executive says.
1d ago

Insight
AI poster child Altman is back, may have fewer checks on power

Sam Altman’s return as OpenAI’s chief executive will strengthen his grip on the startup and may leave the ChatGPT creator with fewer checks on his power as the company introduces technology that could upend industries, corporate governance experts and analysts said.
1d ago

Insight
A lesson plan for M’sia worthy of our attention

It was heartening to see the federal education system getting the largest share of Budget 2024 recently.
1d ago

Corporate News
LBS ANNOUNCES STRONG 3Q23 RESULTS

LBS Bina Group Bhd has unveiled its third-quarter results, demonstrating robust financial growth while reaffirming its commitment to environmental, social and governance (ESG) initiatives.