Latest
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Commodities
Oil gains 1% on hopes of firmer demand
Oil prices settled about 1% higher on Friday, with global benchmark Brent crude recording its first weekly gain in three weeks, after economic indicators from the world's top two oil consumers – China and the US – bolstered hopes for higher demand.
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Markets
Dow ends above 40,000 milestone, indices notch up weekly gains
The Dow Jones Industrial Average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains, as data supported expectations for interest rate cuts by the Federal Reserve this year.
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Markets
Wall St Week Ahead: Market's rebound may have further to go
A rebound that has taken the US stock market to record highs this week may have further to run, if history is any guide.
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Property
China pledges to buy apartments and finish stalled housing projects
China yesterday announced plans for local governments to buy “some” apartments and pledged forceful efforts to deliver unfinished homes, as part of a new round of measures to stabilise the crisis-hit property sector.
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Economy
Recovery in consumption poised to spur growth
The prevailing cautious consumer sentiment may see a gradual improvement in the year, thanks to several measures that could boost household spending power in Malaysia.
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Corporate News
Feytech gears up for expansion to meet growing demand
Main Market-bound Feytech Holdings Bhd is optimistic about its prospects despite the challenging macro environment.
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Corporate News
Ready to rise up the ranks again
The loss of talent has been a persistent challenge for Malaysia, with many skilled individuals leaving in search of better prospects and higher pay elsewhere.
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Insight
It’s a tribal world we live in
With the advancement of science and technology, our world should be more connected. Globalisation was the dominant trend for the past many decades, especially the post-Cold War era.
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Corporate News
Are MAHB minority shareholders being blindsided?
There was a clarion call for minority shareholders of Malaysia Airports Holdings Bhd (MAHB) to accept the RM12.32bil deal to take the airport operator private.
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Corporate News
MGB ACHIEVES 23% PROFIT SURGE IN 1Q24
Construction and property development solutions provider MGB Bhd announced its first-quarter results for the financial year ending Dec 31, 2024 (1Q24) on May 16.
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Insight
What’s next after M&As?
In the world of finance, there are many ways an investor can make money, and among them are pure long-term investors who adopt a buy-and-hold strategy.
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Aviation
Chinese firms invest in ‘green’ jet fuel
Biofuel firms are pouring more than US$1bil into building China’s first plants to turn waste cooking oil into aviation fuel for export and meet domestic demand once Beijing mandates the fuel’s use on airplanes to cut emissions.
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Corporate News
JPMorgan investors weigh CEO Dimon’s strategy, succession plan
With JPMorgan Chase coming off a year of record profits, investors are eager to learn about the firm’s succession plans, investments in artificial intelligence and opportunities beyond traditional banking.
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Property
Positive market outlook
With the financial reporting season for the first quarter of 2024 (1Q24) already under way, the average real estate investor will be eager to analyse the performance of their favoured property stock.
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Insight
The Tik Tok tariff war
There is a horror movie unfolding whereby the Hollywood hero, after trying garlic and all, is now driving a stake at the heart of the Chinese Dracula.
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Corporate News
Maxis gets off to a strong start to the year
Maxis Bhd will accelerate the adoption of next-generation enterprise offerings and is committed to being the preferred one-stop digitalisation partner for small and medium enterprises (SMEs), in line with the nation’s aspirations to accelerate the digital transformation.
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Economy
GDP up 4.2% in 1Q24
The country’s gross domestic product (GDP) grew by 4.2% in the first quarter (1Q) of this year, exceeding initial estimates and signalling that the economy is coping well amid a still volatile external environment.
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Corporate News
ITMAX gets RM105mil DBKL variation order
ITMAX System Bhd has been awarded a variation order (VO) worth RM105.33mil from the Kuala Lumpur City Hall (DBKL).
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Corporate News
Airport makeover
Time and again, the government has roped in its cash cows to rescue or revitalise privately-run but troubled assets that carry certain national importance.
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Markets
SC working overtime to combat spread of scams
The Securities Commision (SC) last year put 315 entities and individuals on its Investor Alert List and blocked 146 websites and 248 social media accounts due to the rising occurrence of scams.