Latest
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Corporate News
E&O partners Cengild, Skyspring to develop RM350mil private hospital in Penang
PETALING JAYA: Eastern & Oriental Bhd's (E&O) wholly-owned subsidiary, KCB Holdings Sdn Bhd (KCB), has entered into a conditional joint venture (JV) agreement with Cengild Medical Bhd and Skyspring Sdn Bhd to develop a multidisciplinary tertiary private hospital within the Gurney Green district at Andaman Island, Penang.
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Business
PETRONAS, Turkmenistan strategic partnership opens new chapter in bilateral economic, energy relations
ASHGABAT (TURKMENISTAN): Prime Minister Datuk Seri Anwar Ibrahim and Turkmenistan President Serdar Berdimuhamedov today witnessed the signing of a strategic partnership between Petronas and Turkmenistan authorities, marking a new chapter in economic and energy relations between the two countries.
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Corporate News
Ocean Vantage expands into construction with RM10mil BGB purchase
PETALING JAYA: Ocean Vantage Bhd (OVB) has proposed to diversify into construction through the purchase of Bina Gemilang Bersatu Sdn Bhd (BGB) for RM10mil from Kenny Ronald Ngalin and George Henry.
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Corporate News
Ajinomoto shares to be suspended on June 22 pending material announcement
KUALA LUMPUR: Ajinomoto (M) Bhd has requested a suspension in the trading of its shares on Bursa Malaysia pending the release of a material announcement.
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Corporate News
Vestland bags RM65mil contract for KL serviced apartment project
PETALING JAYA: Vestland Bhd's wholly-owned subsidiary Vestland Infra Sdn Bhd secured a contract from Scanwolf Trading and Construction Sdn Bhd to undertake a piling and substructure works worth RM65mil.
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Forex
Ringgit closes lower against greenback amid continued expectation for Fed rate hike
KUALA LUMPUR: The ringgit closed lower against the US dollar on Friday as persistent expectations of a possible US Federal Reserve (Fed) interest rate hike later this year continued to drive the greenback.
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Corporate News
TWL unit acquires 45% stake in Fairise Odyssey for RM42mil
KUALA LUMPUR: TWL Holdings Bhd's wholly owned subsidiary, TWL Builders Sdn Bhd (TBSB), has acquired a 45% stake in Fairise Odyssey (M) Sdn Bhd (FOSB) for RM42mil.
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Auto
Automotive industry’s TIV fell 15% to 61,250 units in May
KUALA LUMPUR: Malaysia's automotive industry recorded a 15 per cent decline in total industry volume (TIV), falling to 61,250 vehicles in May 2026, compared to 72,113 vehicles in April 2026.
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Corporate News
George Kent to acquire 76% stake in Techkem for RM2mil
KUALA LUMPUR: George Kent (M) Bhd has proposed to acquire a 76% equity interest in Techkem Group Sdn Bhd, a water and wastewater solutions provider, for RM2mil cash.
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Aviation
Malaysia Airports records 7.9 million passenger movements in May
PETALING JAYA: KL International Airport (KLIA) saw 3.6 million international passengers traffic in May, supported by stronger regional connectivity and new flight links from China
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Economy
RHB Investment sees strong Malaysia export outlook in 2026 on E&E demand
KUALA LUMPUR: RHB Investment Bank Bhd remains positive on Malaysia's export prospects for 2026, citing resilient external demand and sustained momentum in the electrical and electronics (E&E) sector, driven by the technology upcycle and artificial intelligence (AI)-related investments.
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Markets
FBM KLCI ends flat, ringgit hits seven-month low
KUALA LUMPUR: The FBM KLCI ended largely unchanged on Friday as a stronger US dollar pushed the ringgit to a seven-month low, offsetting support from upbeat trade and inflation data.
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Energy
Oil rises as uncertainty mounts over US-Iran truce
NEW DELHI: Oil prices rose on Friday as the prospect of a lasting truce between the U.S. and Iran was clouded after peace talks in Switzerland were called off and as Israel stepped up attacks on Lebanon.
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Markets
Liftech IPO oversubscribed 18.92 times ahead of ACE Market debut
KUALA LUMPUR: Liftech Group Bhd's initial public offering (IPO) has been oversubscribed by 18.92 times ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd.
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Markets
Japan's Nikkei posts sharpest weekly gain in nearly two years on AI shares rally
TOKYO: Japan's Nikkei share index recorded its biggest weekly gain in nearly two years on Friday before trimming early gains as worries grew that talks to end the Iran war would be difficult.
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Business
The economic consequences of the peace
A U.S. Iran deal is in place for now but the next few weeks will test whether a more permanent agreement can be reached.
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Business
Malaysia's debt capital market seen reaching US$640bil by end-2026
KUALA LUMPUR: Malaysia's debt capital market (DCM) is expected to reach US$640 billion by end-2026, supported by increased non-sovereign borrowing, a deep domestic market, a stronger ringgit, continued innovation and digital integration, according to Fitch Ratings.
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Business
Menara Merdeka 118 bags double gold at FIABCI World Prix d’Excellence
KUALA LUMPUR: Malaysia's tallest skyscraper, Menara Merdeka 118, has won two World Gold awards in the Office and Sustainable Development categories at the FIABCI World Prix d'Excellence Awards 2026.
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Corporate News
iCents wins RM6.95mil data centre supply contract in Indonesia
KUALA LUMPUR: iCents Group Holdings Bhd's wholly-owned subsidiary, VC Engineering Sdn Bhd, has secured a RM6.95mil contract from an Indonesia-based construction company for the supply and delivery of data centre products in Indonesia.
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Corporate News
VS Industry posts net loss of RM32.91mil in 3Q26 due to lower orders
KUALA LUMPUR: VS Industry Bhd recorded a net loss of RM32.91 million in the third quarter ended April 30, 2026 (3Q 2026) from a net profit of RM23.77 million posted in the same quarter last year.
