Latest
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Insurance
Manulife Malaysia's AUM hits record RM17.9bil amid growth in insurance business
KUALA LUMPUR: Manulife Holdings Bhd (Manulife Malaysia) said its asset management business achieved a record RM17.9bil in assets under management (AUM) as at Dec 31, 2025, driven by continued growth across its retail and institutional segments.
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Corporate News
LFG acquires vessel for RM61mil
PETALING JAYA: Lianson Fleet Group Bhd (LFG) has entered into a memorandum of agreement with a Singapore-based party for the acquisition of a Supramax bulk carrier (MV Sea Affluence) for RM60.9mil.
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Corporate News
BCM Alliance sells laundry companies for RM20mil
PETALING JAYA: BCM Alliance Bhd has entered into a share sale agreement with Ho Kee Wee for the proposed disposals of the entire equity interest in CS Laundry and 99.97% equity interest in CS Laundry Philippines for RM20mil.
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Corporate News
GIIB founder Tai Boon Wee returns as chairman with immediate effect
KUALA LUMPUR: GIIB Holdings Bhd founder Tai Boon Wee has returned as chairman with immediate effect, after outgoing chairman Datuk Sri Wan Adnan Wan Mamat officially handed over the role upon fulfilling his objective of stabilising and strengthening the group's corporate governance.
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Markets
ACE Market-bound RT Pastry's IPO oversubscribed by 59.96 times
KUALA LUMPUR: RT Pastry Holdings Bhd's initial public offering (IPO) shares made available to the Malaysian public have been oversubscribed by 59.96 times ahead of its scheduled listing on the ACE Market of Bursa Malaysia on June 29.
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Corporate News
AIZO Group secures RM346.2mil financing to fund LSSPV project
PETALING JAYA: AIZO Group Bhd's subsidiary, Wawasan Demi Sdn Bhd (WDSB), has executed Islamic facilities agreements with Bank Pembangunan Malaysia Bhd of up to RM346.19mil, to support the development of a large-scale solar photovoltaic plant in Kampar, Perak.
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Corporate News
Swift Energy secures RM44.2mil in new orders
KUALA LUMPUR: Swift Energy Technology Bhd has secured new purchase orders worth RM44.18mil, lifting its total contracts secured year-to-date to RM148mil, as the company continues to expand its presence in both the offshore energy and data centre sectors.
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Corporate News
KHPT secures structural components supply contract for Proton
PETALING JAYA: KHPT Holdings Bhd has secured a letter of acceptance (LOA) from Perusahaan Otomobil Nasional Sdn Bhd (Proton) for the supply of automotive structural components for a new Proton model.
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Forex
Ringgit closes lower against greenback on Fed rate hike expectations
KUALA LUMPUR: The ringgit closed lower against the US dollar on Thursday as expectations of a possible US Federal Reserve (Fed) interest rate hike later this year boosted demand for the greenback.
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Banking
UOB Malaysia elevates wealth proposition to double affluent customer base by 2028
PETALING JAYA: UOB Malaysia intends to double its affluent customer base by 2028, elevating its wealth proposition to meet rising income levels, increasing financial sophistication, and evolving client expectations.
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Corporate News
Binastra expects the construction sector to remain resilient
PETALING JAYA: Binastra Corp Bhd expects Malaysia's construction sector to remain resilient, supported by ongoing infrastructure investments, industrial expansion, and private sector development initiatives under programmes such as the New Industrial Master Plan 2030 and the National Energy Transition Roadmap.
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Corporate News
MAHB appoints Azmil Khalid as non-independent non-executive chairman
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has appointed Tan Sri Dr Azmil Khalid as its non-independent non-executive chairman, effective June 18, 2026.
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Corporate News
EI Power bags RM90.1mil data centre contract in Johor
KUALA LUMPUR: EI Power Bhd's (EIP) wholly owned subsidiary, EI Power Technologies Sdn Bhd, has secured a RM90.1mil works subcontract agreement (WSA) for a data centre project in Johor.
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Corporate News
WCT bags RM529mil Abu Dhabi job
PETALING JAYA: PETALING JAYA: WCT Holdings Bhd has secured a contract from United Arab Emirates (UAE)-based Construction General Contracting House Ltd (CGCH) to undertake a commercial and residential building project in Abu Dhabi worth RM528.99mil.
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Banking
Maybank Islamic named Global Islamic Bank of the Year 2026
KUALA LUMPUR: Maybank Islamic Bhd has been named Global Islamic Bank of the Year 2026 by financial publication The Banker, marking the fifth time it has received the accolade since 2015.
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Markets
FBM KLCI pares gains to close marginally higher amid cautious trading
KUALA LUMPUR: The FBM KLCI ended marginally higher on Thursday after giving up most of its intraday gains, while weakness in the broader market underscored cautious investor sentiment.
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Banking
Indonesia central bank raises policy rates again to support rupiah
JAKARTA: Indonesia's central bank raised its benchmark interest rates by 25 basis points on Thursday, just a week after a surprise off-cycle rate hike, as it seeks to attract fresh capital inflows and halt selling in its battered rupiah and other assets.
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Auto
Perodua reduces service maintenance parts price by up to 10%
KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is reducing the price of its service maintenance parts, including labour, by up to 10 per cent, beginning June 19.
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Economy
Johor launches JETP covering 83 investment projects worth RM167.4bil by 2030
JOHOR BAHRU: The state government launched the Johor Economic Transformation Plan (JETP) by identifying 83 investment projects across eight priority industries, which are expected to contribute investments worth RM167.4 billion.
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Corporate News
PNB focused on sustaining strong performance momentum despite global volatility
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) is focused on sustaining its 2025 strong performance momentum while remaining alert to an increasingly complex and evolving external environment.
