Latest

17h ago

Corporate News
Sunway Property inks Putrajaya deal

Sunway Bhd’s unit, Sunway Property, has signed a memorandum of understanding (MoU) with Putrajaya Holdings Sdn Bhd to collaborate on developing prime commercial strategic parcels of land in Precinct 7 and 8 in Putrajaya.
17h ago

Corporate News
Potential in water–infrastructure players

In the utilities space, power companies tend to be investors’ favourite for their defensive nature and decent yields. But in recent weeks, water-related stocks have seen a pick-up in investor interest with the water sector getting some attention from the government.
1d ago

Property
S P Setia to launch Bayu Avenue in Setia Bayuemas

KLANG: S P Setia Bhd plans to to launch Bayu Avenue, another collection of freehold double-storey shop offices in Setia Bayuemas township on Nov 25, 2023. It's the third phase of commercial development in the area.
1d ago

Corporate News
Bintulu Port 3Q net profit rises to RM32.49mil

KUALA LUMPUR: Bintulu Port Holdings Bhd’s net profit for the third quarter (3Q) ended Sept 30, 2023, increased to RM32.49 million from RM28.66 million in the same period last year.
1d ago

Corporate News
IHH's Fortis seals agreements to divest Malar Hospital, assets

KUALA LUMPUR: IHH Healthcare Bhd announced that certain subsidiaries of India’s Fortis Healthcare Ltd have entered into definitive agreements with MGM Healthcare Private Ltd in relation to the divestment of Fortis Malar Hospital, Chennai (Malar Hospital) and related assets.
1d ago

Corporate News
Samaiden initiates solar project at Tsun Jin High School

KUALA LUMPUR: Samaiden Group Bhd has launched a solar project at Tsun Jin High School, which includes installing a solar photovoltaic (PV) system with a capacity of 637.65kWp.
1d ago

Economy
Inflation to remain modest for rest of 2023, early 2024 - AmBank Research

KUALA LUMPUR: Malaysia's inflation will continue to remain modest for the rest of 2023 and in the early part of 2024 due to slower pressure from the demand-pull inflation and the impact from the interest rates normalisation, said AmBank Research.
1d ago

Corporate News
Malakoff posts 3Q net loss of RM109.42mil

KUALA LUMPUR: Malakoff Corp Bhd reported a net loss of RM109.42 million in the third quarter ended Sept 30, 2023 (3Q FY2023) compared to a net profit of RM66.54 million a year ago, primarily due to fuel margin.
1d ago

Forex
Ringgit ends weaker against US dollar

KUALA LUMPUR: The ringgit settled lower against the US dollar at the close on Friday, dragged down by the consumer price index (CPI) data which moderated in October 2023, an analyst said.
1d ago

Corporate News
IOI Properties achieves RM587mil property sales in 1Q24

KUALA LUMPUR: IOI Properties Group Bhd registered RM587mil in property development sales in the first quarter of its financial year ending June 30, 2024 (1Q24).
1d ago

Corporate News
TNB net profit falls to RM856.2mil in 3Q

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) foresees a stable performance and will continue to remain cautious on the impact of fuel prices and currency volatility on its earnings, as the overall economy is projected to grow at 4% for the year.
1d ago

Corporate News
Leform bags US$1.95mil contract in Cambodia

KUALA LUMPUR: Leform Bhd’s 85%-owned subsidiary, Leform Metal Sdn Bhd (LMSB) has secured a contract worth US$1.95mil in Cambodia.
1d ago

Corporate News
Maybank appoints Yee Yang Chien as director

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has appointed Datuk Yee Yang Chien as non independent and non-executive director.
1d ago

Corporate News
Paramount net profit falls 30% in 3Q

KUALA LUMPUR: Paramount Corp Bhd expects its financial performance to remain satisfactory and deliver solid growth as it moves into the final quarter of the year.
1d ago

Markets
FBM KLCI bucks regional trend to close marginally higher

KUALA LUMPUR: The FBM KLCI closed flat on Friday against a backdrop of weak regional markets.
1d ago

Retail
Alibaba's Taobao, Tmall cancel Dec 12 shopping festival, to host substitute event

BEIJING: Alibaba's online shopping platforms Taobao and Tmall cancelled their annual Dec. 12 shopping festival and will instead host another shopping spree called 'year-end good price' in December, according to notices on the platforms' websites on Friday.
1d ago

Forex
Asian markets mostly weaker; Thai baht, Korean won biggest laggards

ASIAN currencies and equities were largely subdued on Friday, with Thailand's baht and South Korean won leading declines, as increasing scepticism over whether the U.S. Federal Reserve is done with interest rate hikes kept risk appetite in check.
1d ago

Smartphones
Data: Volume of Apple sales underperforms Huawei, Xiaomi on China’s Singles Day

Apple saw a decline in the number of smartphones sold during China’s recent Singles Day shopping festival, data from Counterpoint Research showed, lagging domestic rivals Huawei and Xiaomi which recorded robust increases.
1d ago

Economy
Indonesia's state budget at deficit of US$45.2mil in Jan-Oct

JAKARTA: Indonesia's state budget was in a deficit this year of 0.7 trillion rupiah ($45.19 million) for the January-October period, equivalent to 0.003% of gross domestic product, as spending catches up with revenues, its finance minister said on Friday.
1d ago

Corporate News
Sam Engineering records higher 2Q FY24 net profit of RM32.63mil

KUALA LUMPUR: Sam Engineering & Equipment (M) Bhd’s net profit for the second quarter ended Sep 30, 2023 (2Q FY2024) rose to RM32.63 million from RM26.94 million in the same quarter last year.