Latest

1d ago

Corporate News
Robust performance by Matrix Concepts in 2Q

Matrix Concepts Holdings Bhd achieved RM310.8mil in new property sales in the second quarter of its financial year 2024 (2Q24), with the lion’s share of the sales stemming from its Sendayan Developments.
1d ago

Corporate News
Johnson Controls eyes green development ops

US-based smart building solutions provider Johnson Controls says it is closely watching China’s green development to better tap the local market’s vast business potential.
1d ago

Corporate News
CIMB in support of sustainable palm oil production

CIMB Group Holdings Bhd is formalising its 2030 climate target for its palm oil sector portfolio, focusing on sustainable palm oil production.
1d ago

Corporate News
MSM net loss narrows to RM36mil in third quarter

After eight consecutive quarters of losses, MSM Malaysia Bhd continues to rein in the deficit and strive towards a return to profitability amid elevated production costs.
1d ago

Corporate News
Maybank set to finish year strongly

Malayan Banking Bhd (Maybank) is on track for a strong finish in 2023, following its robust performance for the first nine months of 2023 (9M23).
1d ago

Corporate News
MPRC to introduce green O&G framework to be introduced by end-2024

KUALA LUMPUR: The Malaysia Petroleum Resources Corporation (MPRC) will introduce the national oil and gas services and equipment (OGSE) sustainability framework by the end of 2024, which will provide a detailed guide for how OGSE companies can implement and report on their sustainability practices.
1d ago

Corporate News
Time dotCom to speed up expansion of fibre broadband footprint

Time dotCom Bhd (Time) is looking to speed up the expansion of its fibre broadband (FBB) footprint where there is still significant room for growth notwithstanding competition from incumbent players, says RHB Research.
1d ago

Business
Shanghai art market sees strong recovery

The Fifth Shanghai International Artwork Trade Week, which took place from Nov 9 to Nov 13, saw strong recovery of the city’s art market, with two flagship fairs achieving success, the latest data shows.
1d ago

Corporate News
Success spurs SW Germany’s push in Far East

Germany-based machine tool manufacturer Schwaebische Werkzeugmaschinen GmbH, also known as SW Germany, says it will increase investment in China, including a further 5mil euros to be spent on the third phase of its factory in Suzhou, Jiangsu province, in the next three years.
1d ago

Banking
RHB plans to set a higher target for ESG-related financial services

RHB Banking Group, which aims to mobilise RM20bil for sustainable financial services by 2026, is planning a higher allocation for the segment.
1d ago

Economy
UK debt chief says demand is back after mini-budget debacle

Demand for British government bonds has recovered from the damage dealt by the market turmoil which followed then Prime Minister Liz Truss’ mini-budget last year, says the chief executive of the UK Debt Management Office (DMO).
1d ago

Corporate News
Bayer calls bond investors after raft of bad news

Bayer held a call with investors after a raft of bad news led some of them to question whether the German group had been upfront about its prospects ahead of a US$5.75bil bond issuance, three sources familiar with the situation say.
1d ago

Corporate News
Genting revenue rises 20% to RM7.4bil in 3Q

Genting Bhd posted revenue of RM7.37bil in its third quarter ended Sept 30, 2023 (3Q23), an increase of 20% compared with RM6.12bil in the corresponding quarter a year ago.
1d ago

Corporate News
YTL Corp first-quarter revenue climbs 16%

YTL Corp Bhd has reported a 16% year-on-year (y-o-y) increase in revenue to RM7.52bil in the first quarter ended Sept 30, driven by improved performance across almost all business segments.
1d ago

Commodities
Vietnam sugar prices to surge towards year-end

Sugar could become more expensive during the remaining months of 2023, according to the Vietnam Sugarcane and Sugar Association.
1d ago

Economy
Rates may be ‘restrictive enough’, says Bank of Canada

Bank of Canada (BoC) governor Tiff Macklem says policymakers may have done enough to tame inflation, reinforcing market and economist expectations that short-term rates have peaked.
1d ago

Economy
Infrastructure, planning key to developing LNG in Vietnam

Infrastructure, planning and a market mechanisms are among key issues that must be addressed to develop a market for liquefied natural gas (LNG) in Vietnam, say speakers at a conference on LNG in Hanoi.
1d ago

Corporate News
Tambun Indah 3Q earnings at RM12.89mil

Tambun Indah Land Bhd remains mindful of current and upcoming challenges, amid rising interest rates and the escalation in construction costs.
1d ago

Corporate News
KSL buys land from S P Setia for RM229mil

KSL Holdings Bhd is acquiring freehold land measuring 72,820 sq m in Shah Alam, Selangor, from S P Setia Bhd for RM228.8mil.
1d ago

Corporate News
Bosch to have 10 stores in M’sia by 2025

Bosch Home Appliances hopes to have a total of 10 stores nationwide by the end of 2025 as part of its expansion plan.