Corporate News

IOI Properties plans REIT listing backed by RM7.58bil assets

KUALA LUMPUR: IOI Properties Group Bhd plans to establish and list a real estate investment trust, IOIPG Malaysia Real Estate Investment Trust (IOIPG REIT), in a move aimed at unlocking asset value and strengthening its capital position.

Energy

Oil set for largest weekly loss in 10 months after ceasefire

LONDON: Oil prices were poised for their biggest weekly declines since last June but remain elevated near $100 a barrel on concerns over supplies from Saudi Arabia and limited flows through the Strait of Hormuz.

Business

ADFIM advises customers to seek DFI support early amid uncertainties

PETALING JAYA: Recognising that customers may be facing increased financial strain during these global uncertainties, the Association of Development Finance Institutions of Malaysia (ADFIM) encouraged those experiencing difficulties to engage with their respective development financial institutions (DFIs) and entrepreneur development organisations (EDOs) as early as possible.

Corporate News

EcoBuilt proposes diversification into property, building materials trading

PETALING JAYA: EcoBuilt Holdings Bhd has proposed to undertake a diversification of its existing principal business activities to include property development and the trading of building materials.

Corporate News

Infomina secures RM23.5mil IRB contract for data warehouse support

PETALING JAYA: Infomina Bhd has secured a contract from the Inland Revenue Board (IRB) worth RM23.49mil to provide technology infrastructure services.

Corporate News

Silver Ridge unit bags RM4.36mil subcontract in Sri Damansara

KUALA LUMPUR: Silver Ridge Holdings Bhd's wholly-owned subsidiary, Ingress Delta Construction Sdn Bhd (IDC), has accepted a RM4.36mil subcontract for painting works at a high-rise development in Bandar Sri Damansara.

Forex

Ringgit closes higher against major, Asean currencies

KUALA LUMPUR: The ringgit swept higher against major and ASEAN currencies on the last trading day of the week, supported by sustained buying interest amid cautious optimism over developments in West Asia.

Banking

UOB Malaysia to support customers amid geopolitical uncertainties

KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) will extend support to customers who may be affected by recent geopolitical developments, including the evolving situation in the Middle East.

Corporate News

SMG invests RM99.4mil in Australian office fund

KUALA LUMPUR: Star Media Group Bhd (SMG) has committed A$35.5mil (RM99.4mil) to subscribe for units in TrustCapital Australian Office Fund No. 3, marking a move to diversify its income streams.

Corporate News

West River unit secures RM25.2mil data centre subcontract

PETALING JAYA: West River Bhd's wholly-owned West River Engineering Sdn Bhd has accepted a sub-contract worth RM25.2mil from an undisclosed main contractor company for works on a data centre.

Corporate News

Inspace Creation files prospectus for ACE Market IPO, targets May 8 listing

KUALA LUMPUR: Inspace Creation Bhd has registered its prospectus with Bursa Malaysia Securities Bhd in conjunction with its proposed listing on the ACE Market.

Corporate News

UUE unit bags RM16mil electrical works contract in Johor

PETALING JAYA: UUE Holdings Bhd's wholly-owned subsidiary, Kum Fatt Engineering Sdn Bhd, has accepted a contract from Tianma Precision Sdn Bhd worth RM16mil.

Corporate News

Nestcon plans RM95mil land buy, diversification into property development

KUALA LUMPUR: Nestcon Bhd plans to acquire three freehold land parcels in Iskandar Puteri, Johor, for RM95mil and diversify into property development, marking its first venture into the sector.

Markets

FBM KLCI finishes higher amid regional strength

KUALA LUMPUR: The FBM KLCI ended higher on Friday, tracking firmer regional markets, though gains were capped after a volatile week that saw only two positive sessions.

Economy

Taiwan March exports hit record high value as AI-related demand remains solid

TAIPEI: Taiwan's exports rose much more than expected in March, with demand remaining strong for artificial intelligence applications and other technology products.

Forex

Pound dips but set for biggest weekly rise since January on Iran hopes

LONDON: The pound fell slightly on Friday but was still set for its biggest weekly increase in three months after the U.S.-Iran ceasefire raised hopes for an end to a conflict that has sent energy prices soaring and threatened global growth.

Economy

Thailand has limited ammunition to address economic problems, says finance minister

BANGKOK: Thailand has limited ammunition to address its economic problems, Finance Minister Ekniti Nitithanprapas said on Friday.

Commodities

Gold on track for third weekly gain as US rate outlook offsets dollar strength

GOLD prices ticked lower on Friday, weighed down by a firmer dollar and U.S.-Iran ceasefire uncertainty, but were on course for a third straight weekly climb as investors priced in earlier and deeper U.S. rate cuts, supporting non-yielding bullion.

Markets

Asian stocks ride US-Iran ceasefire wave to log best week in 14 years

EMERGING Asian equities rose on Friday and were headed for their best week in more than a decade, as investors returned to risk assets after the U.S.-Iran ceasefire deal, although questions over its durability remained an overhang on stocks.

Economy

Asian Development Bank forecasts Malaysia’s economy to grow 4.6% in 2026

KUALA LUMPUR: Asian Development Bank (ADB) projects Malaysia's economy to grow by 4.6 per cent in 2026 and 4.5 per cent in 2027.