Latest
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Corporate News
IT buoys GDEX’s confidence
Having gone public with its intention to diversify into the information technology (IT) segment, courier services provider GDEX Bhd is keeping its optimism that both its stronghold business and new venture will perform positively this year.
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Corporate News
Majuperak forms renewable energy partnership with Shizen Group
Majuperak Holdings Bhd has inked a memorandum of understanding with Shizen International Inc, a subsidiary of Shizen Energy Inc of Japan, to explore opportunities to set up ground-mounted or floating solar photovoltaic-based renewable energy (RE) generation projects in Perak.
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Corporate News
MAA to sell entire stake in Turiya for RM53mil
MAA Group Bhd has agreed to sell its entire 57.78% stake in Turiya Bhd for RM52.86mil, or 40 sen a share, to Khidmat Kejora Sdn Bhd (KKSB) and Neo Pixel Sdn Bhd (NPSB).
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Commodities
Oil settles higher on Mideast supply concerns
Oil prices settled higher on Friday, garnering support from tensions in the Middle East, but a strong dollar and US inflation data quashed hopes that the Federal Reserve would cut interest rates soon, giving prices a ceiling.
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Markets
Wall St closes up as megacap tech stocks rally
US stocks closed higher on Friday, buoyed by a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft in addition to moderate inflation data.
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Markets
Wall St Week Ahead: Investors punishing earnings disappointments
Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.
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Markets
Wall St set to open higher on tech boost, PCE data
WALL Street's main indexes were set for a higher open on Friday as robust quarterly results from Alphabet and Microsoft lifted growth stocks, while fresh evidence of progress on the inflation front rekindled hopes of an interest rate cut this year.
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Economy
US inflation rises in line with expectations in March
WASHINGTON: U.S. inflation rose moderately in March, but that is unlikely to change financial markets' expectations that the Federal Reserve will hold off cutting interest rates until September.
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Corporate News
Gamuda Land announces retail partners for Gamuda Gardens
KUALA LUMPUR: Gamuda Land, the property arm of Gamuda Bhd, has announced exciting new retail partners for its upcoming commercial development in the Gamuda Gardens, a 327.80-hectare township development nestled just north of Sungai Buloh.
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Corporate News
YNH reaffirms bondholders with remedied technical defaults
KUALA LUMPUR: YNH Property Bhd (YNH) said it has remedied the "technical default" involving its sukuk programme.
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Forex
Ringgit ends firmer against US dollar
KUALA LUMPUR: The ringgit ended the week on a better footing against the US dollar, likely due to the lower-than-expected first quarter US gross domestic product (GDP) data.
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Corporate News
KPJ Healthcare partners with Trustr for AI-driven healthcare solutions
KUALA LUMPUR: KPJ Healthcare Bhd’s educational institution, KPJ Healthcare University (KPJU) has entered into a memorandum of understanding (MoU) with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, in a transformative step towards revolutionising healthcare.
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Corporate News
Homeritz stays positive amid economic challenges
KUALA LUMPUR: Homeritz Corp Bhd is optimistic about maintaining profitability for the financial year ending Aug 31, 2024.
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Corporate News
Unisem expects performance boost amid semiconductor recovery
KUALA LUMPUR: Unisem (M) Bhd anticipates a modest improvement in its performance for the next financial quarter, despite the sluggish pace of recovery in the broader semiconductor industry.
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Corporate News
Gadang wins RM280mil data centre contract
KUALA LUMPUR: Gadang Holdings Bhd’s wholly-owned subsidiary, Gadang Engineering (M) Sdn Bhd (GESB) has secured a contract from TM Technology Services Sdn Bhd worth RM280mil.
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Property
S P Setia unveils Casaville single-storey bungalows in Setia EcoHill, Semenyih
PETALING JAYA: S P Setia Bhd is launching Casaville, a collection of 38 single-storey bungalows in Setia EcoHill, Semenyih, aiming to redefine sustainable living. The new show units will be unveiled on April 28, 2024.
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Markets
FBM KLCI rebounds to hit fresh two-year high
KUALA LUMPUR: The FBM KLCI staged a rebound on Friday, climbing to a fresh two-year high in tandem with the positive performance of regional bourses.
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Forex
Asian FX subdued after mixed US data; equities set for weekly gains
MOST Asian currencies were subdued on Friday as mixed U.S. data solidified bets of fewer rate cuts, while regional stocks were on track to end the week higher due to gains in South Korea and Taiwan from global tech earnings.
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Business
Global manufacturing activity recovery to continue gradually into 2024 - S&P Global
KUALA LUMPUR: The global manufacturing activity recovery had seen a gradual improvement in late 2023 and is expected to continue into 2024 although it remained in contractionary territory after two years of downturn.
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Property
Country Garden plans to present debt revamp plan in second half, sources say
HONG KONG: Country Garden has told some of its offshore creditors it plans to present a debt restructuring proposal in the second half of this year, two sources said, as the embattled developer scrambles to stave off a liquidation petition.