Latest
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Corporate News
Hume Cement profit jumps to RM61.06mil in 3Q
KUALA LUMPUR: Hume Cement Industries Bhd’s net profit more than doubled to RM61.06 million in the third quarter ended March 31, 2024, from RM27.01 million a year earlier.
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Corporate News
SNS Network gets SC nod for Main Market transfer
KUALA LUMPUR: SNS Network Technology Bhd has obtained approval from the Securities Commission (SC) for its transfer to the Main Market of Bursa Malaysia Securities Bhd.
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Corporate News
MHB gets RM174mil hospital development job
PETALING JAYA: Mitrajaya Holdings Bhd (MHB) has accepted a letter of award from Avisena Healthcare Sdn Bhd for the development of a hospital block comprising 11 floors in Shah Alam, Selangor, for RM174.30mil.
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Corporate News
VSTECS to focus on enterprise and public sector data centres
PETALING JAYA: VSTECS Bhd will be focusing on enterprise and public sector data centres for this year.
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Banking
RHB Islamic Bank issues RM500mil subordinated Sukuk Murabahah
KUALA LUMPUR: RHB Bank Bhd's wholly-owned subsidiary, RHB Islamic Bank Bhd, today issued subordinated Sukuk Murabahah of RM500 million in nominal value.
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Forex
Ringgit strengthens further following US Fed's interest rate comment
KUALA LUMPUR: The ringgit strengthened further against the US dollar at the close following US Federal Reserve (Fed) chair Jerome Powell’s comment on interest rate.
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Corporate News
Eupe Corp buys 2.46 acres of land in KL for RM69.18mil
PETALING JAYA: Eupe Corp Bhd is acquiring a parcel of freehold land measuring 2.46 acres in Kuala Lumpur from MCL Land (Pantai View) Sdn Bhd for RM69.18mil.
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Corporate News
Straits' unit signs MoA with Hong Kong-based Digital One for cloud computing venture
KUALA LUMPUR: Straits Energy Resources Bhd’s indirect subsidiary, Straits CommNet Solutions Sdn Bhd (SCS) has signed a memorandum of agreement (MoA) with Digital One Solutions Limited (D1) to explore a potential joint venture in the regional cloud computing industry.
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Corporate News
LFE Corp gets RM16.7 sub-contractor job
PETALING JAYA: LFE Corp Bhd has accepted two letters of awards from MLG Design and Construction Sdn Bhd to be a sub-contractor relating to completion works of a 22-storey building in Georgetown, Penang, totalling RM16.7mil.
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Corporate News
Willowglen bags RM7.92mil contract in Singapore
KUALA LUMPUR: Willowglen MSC Bhd’s wholly owned subsidiary, Willowglen Services Pte Ltd has secured a RM7.92mil contract from Singapore’s Housing & Development Board for the design, supply, installation and maintenance for lift monitoring services.
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Corporate News
Paramount Corp secures "Gold" rating from MARC for sustainability-linked financing framework
PETALING JAYA: Paramount Corp Bhd has received the “Gold” assessment from MARC Ratings Bhd (MARC) for its Sustainability-Linked Financing Framework.
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Corporate News
XOX Tech’s CEO resigns
PETALING JAYA: XOX Technology Bhd’s chief executive officer Azril Aliuddin has stepped down from the company with immediate effect.
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Corporate News
Ewein to acquire rackform business company for RM32mil
PETALING JAYA: Ewein Bhd is acquiring 500,000 ordinary shares or the entire equity interest of VS Solution Services Sdn Bhd (VSS) for RM32mil.
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Telcos
Axiata, Sinar Mas explore XL Axiata-Smartfren merger in Indonesia
KUALA LUMPUR: Axiata Group Bhd and Indonesian group PT Sinar Mas have entered into a non-binding memorandum of understanding (MoU) to mutually explore a proposed merger of XL Axiata and Smartfren to create a new entity (MergeCo).
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Corporate News
Consortium led by Khazanah, EPF announces takeover offer for MAHB at RM18.4bil, to be de-listed by 4Q
KUALA LUMPUR: Gateway Development Alliance and its shareholders have today announced a pre-conditional voluntary offer to acquire all the shares in Malaysia Airports Holdings Bhd (MAHB) not already owned by the Consortium, at an offer price of RM11.00 per share.
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Markets
FBM KLCI ends at intraday low; glove makers rally
KUALA LUMPUR: The FBM KLCI finished at an intraday low on Wednesday, contrasting with the upward surge witnessed in glove counters.
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Markets
China stocks close lower after US tariffs
SHANGHAI: Mainland China shares ended lower on Wednesday, pressured by U.S. President Joe Biden's decision to levy fresh tariffs on Chinese goods.
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Corporate News
MARGMA sees no immediate impact from US tariff hikes on Malaysian gloves
KUALA LUMPUR: The Malaysian Rubber Glove Manufacturers Association (MARGMA) is not anticipating an immediate impact from the US tariff hikes on Malaysian rubber gloves, as they are set to take effect in 2026.
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Energy
Oil prices rise on US inventories drawdown expectations, CPI focus
SINGAPORE: Oil prices rose on Wednesday on expectations for higher demand as the U.S. dollar weakened and a report showed U.S. crude and gasoline inventories fell while the release of inflation data may point to a more supportive economic outlook.
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Retail
Burberry's profit slumps 34% as sales in China drop sharply
LONDON: British luxury brand Burberry reported a 34% drop in annual operating profit on Wednesday after sales fell sharply in China, its biggest market, in the final quarter.