Latest
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Corporate News
Majuperak, Shizen to explore solar photovoltaic development in Perak
IPOH: Majuperak Holdings Bhd (MHB) will collaborate with Shizen International Inc to explore the development of a solar photovoltaic project to expand Perak’s clean energy technology usage.
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Markets
Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates
SINGAPORE: The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market.
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Aviation
Fernandes: AirAsia Group to be listed on Bursa Malaysia in September
KUALA LUMPUR: AirAsia Group Sdn Bhd (AAG) is poised to be listed on Bursa Malaysia in September, taking over the listing status of AirAsia X Bhd, said Capital A Bhd chief executive officer Tan Sri Tony Fernandes.
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Corporate News
Spritzer clarifies mistaken identity in insider trading report
KUALA LUMPUR: Spritzer Bhd has clarified that its managing director, Datuk Lim Kok Boon, was wrongly implicated as an insider trading offender in a report.
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Corporate News
Berjaya Corp denies involvement in Forest City Casino talks
KUALA LUMPUR: Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan is in talks regarding a casino licence in Forest City, Johor, as reported recently.
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Economy
Malaysia's PPI higher by 1.6% in March 2024
KUALA LUMPUR: Malaysia’s Producer Price Index (PPI), which measures the price changes of goods at the producer level, increased by 1.6 per cent in March 2024 compared with 0.3 per cent in February 2024, said the Statistics Department (DoSM).
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Corporate News
Microlink wins RM56.45mil contract from Bank Islam Brunei
KUALA LUMPUR: Microlink Solutions Bhd has secured a RM56.45mil contract from Bank Islam Brunei Darussalam Bhd (BIBD) for a project to implement and maintain a new core banking system for the latter.
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Markets
Bursa Malaysia higher at midday in sync with regional peers
KUALA LUMPUR: Bursa Malaysia has maintained its positive tone at midday, in sync with the upbeat performance of regional bourses.
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Corporate News
PETRONAS, CelcomDigi collaborate on digital transformation and sustainability efforts for the energy industry
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and CelcomDigi Bhd exploring ways to leverage 5G to accelerate digital transformation and sustainability efforts for the energy industry.
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Forex
Ringgit retreats vs US$ ahead of personal consumption expenditure reading
KUALA LUMPUR: The ringgit was lower against the greenback in early trade on Friday despite the continuing downward bias of the US dollar after discouraging gross domestic (GDP) print ahead of the Fed’s release of the inflation gauge for March, tonight.
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Commodities
Oil prices rise as US official eases market concerns over economic headwinds
OIL prices rose in early trade on Friday, as players took stock of the U.S. Treasury secretary's comments that the country's economy is likely in a stronger position than indicated by weak first-quarter data, coupled with supply concerns as conflict continues in the Middle East.
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Economy
Inflation in Japan's capital slows more than expected, slides below BOJ goal
TOKYO: Core inflation in Japan's capital slowed much more than expected in April and fell below the central bank's 2% target, data showed on Friday, complicating its decision on how soon to raise interest rates.
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Markets
FBM KLCI opens lower as investors book profits
KUALA LUMPUR: The profit-taking activities on the domestic market, triggered by a downturn in regional sentiment, are likely to keep the FBM KLCI in range-bound motion, said Apex Securities Research.
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Analyst Reports
Trading ideas: Al-'Aqar REIT, Pantech, AirAsia X, Inta Bina, Khee San, Infoline, Heineken, Agricore
KUALA LUMPUR: He is a recap of the corporate headlines.
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Aviation
Capital A to dispose of 100% stake in AirAsia Aviation Group, AirAsia for RM6.8bil
KUALA LUMPUR: Capital A Bhd has entered into a conditional share sale and purchase agreement with AirAsia Group Sdn Bhd (AAG) to dispose of its 100 per cent equity interest in AirAsia Aviation Group Ltd (AAAGL) and AirAsia Bhd (AAB) for RM6.8 billion.
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Markets
US stocks fall as weak GDP growth spreads rate-cut gloom
Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.
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Economy
US solar makers seek additional tariffs on panel imports from Asia
Solar manufacturers are asking the US government to slap duties on US$12.5bil of imported equipment from South-East Asia, setting the stage for a sweeping trade probe that threatens to make power projects more expensive.
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Corporate News
New data centre projects to buoy SunCon
Sunway Construction Group Bhd (SunCon) is on track to achieve its new contract wins target of RM3bil for 2024, driven by data centre projects.
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Economy
Rafizi: Education key to nation’s progress, growth
The Economy Ministry says education will play a pivotal role in cultivating talent and be the foundation for sustainable growth of the economy.
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Corporate News
YTL undervalued despite surge in share price
YTL Corp Bhd remains “undervalued” even as the conglomerate’s share price hit a new high yesterday of RM2.77 after rallying by over 300% in the past year.