Latest
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Corporate News
Kossan to acquire S'pore-based company for RM48mil
PETALING JAYA: Kossan Rubber Industries Bhd has entered into conditional agreements to acquire the entire equity interest in Inout Enterprise Pte Ltd (IOS) and a 51% stake in Inout Enterprise (Thailand) Ltd (IOT) for a combined cash consideration of about RM48.4mil.
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Corporate News
MMCS eyes growth backed by RM101.7mil order book
KUALA LUMPUR: MM Computer Systems Bhd (MMCS) is targeting further growth as it actively bids for new contracts, backed by an order book of RM101.69mil as at June 30, 2026.
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Forex
Ringgit extends gains to close higher vs major, regional currencies
KUALA LUMPUR: The ringgit extended its gains to close higher against major and regional currencies on Tuesday, as declining expectations of a US Federal Reserve interest rate hike in September weighed on the greenback.
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Corporate News
Teo Seng’s 2Q26 net profit plunges 82.5% to RM7.36mil
KUALA LUMPUR: Teo Seng Capital Bhd's net profit plunged 82.5% to RM7.36mil in the second quarter ended June 30, 2026 (2Q26), as earnings were hit by the lifting of the egg subsidy scheme.
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Corporate News
EPF ceases to be substantial shareholder of Gas Malaysia
KUALA LUMPUR: The Employees Provident Fund (EPF) has ceased to be a substantial shareholder of Gas Malaysia Bhd following the disposal of 1.2 million shares in the company.
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Corporate News
Johor Plantations expects palm oil market to stay supported in 2H26
PETALING JAYA: Johor Plantations Group Bhd (JPG) is expecting the palm oil market to remain supported by seasonal restocking demand, Indonesia's B50 biodiesel mandate and the seasonal peak crop cycle going into the rest of 2026.
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Corporate News
MSC’s mining unit ordered to temporarily suspend operations
PETALING JAYA: Malaysia Smelting Corp Bhd's (MSC) 80%-owned subsidiary Rahman Hydraulic Tin Sdn Bhd (RHT) has been ordered to temporarily suspend its mining operations by the Perak Department of Minerals and Geosciences (JMG Perak), effective Aug 12, 2026.
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Corporate News
Dutch Lady cautiously optimistic on year ahead
PETALING JAYA: Dutch Lady Milk Industries Bhd remains cautiously optimistic on its outlook for 2026, supported by the strength of its brands and the increasing recognition among Malaysians of the nutritional value of milk.
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Markets
Banking gains lift KLCI, snapping three-day losing streak
KUALA LUMPUR: The FBM KLCI snapped a three-session losing streak to close higher on Tuesday, bucking weakness in key regional markets as gains in banking stocks helped lift the benchmark index.
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Corporate News
Star Media Group swings to profit in 2Q26
PETALING JAYA: Star Media Group Bhd (SMG) returned to strong profitability in the second quarter ended June 30, 2026 (2Q26), driven by a significant contribution from its property development business and investment segment following the sale of a completed unit in the Star Business Hub development project.
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Forex
Asian currencies edge up as softer dollar cushions impact of rising oil
EMERGING Asian currencies inched higher against a softer dollar on Tuesday as odds of a U.S. rate hike next month receded, while the risk of an escalation in the Middle East war sent oil prices higher and weighed on sentiment.
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Markets
Butterfield FB to raise RM72mil from ACE Market IPO for business expansion
KUALA LUMPUR: Butterfield FB Bhd (BFB) aims to raise RM72 million from its initial public offering (IPO) en route to listing on the ACE Market of Bursa Malaysia on Sept 15, 2026.
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Business
Automotive sales up 5% to 73,615 units in July 2026
KUALA LUMPUR: Malaysia's automotive total industry volume (TIV) increased five per cent year-on-year (y-o-y) to 73,615 units in July 2026 from 70,057 units in the same month last year, mainly attributed to the rise in monthly production volume and pick-up sales.
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Commodities
Gold slips on firmer Treasury yields, oil prices; Fed minutes in focus
GOLD fell on Tuesday, pressured by higher Treasury yields and oil prices, while traders awaited minutes of the U.S. Federal Reserve's July policy meeting for clues on the outlook for interest rates.
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Business
Bond yields rise, oil extends gains as US-Iran ceasefire expires
SINGAPORE: Bond yields climbed on Tuesday to their highest in decades, with oil prices rising for a third day and stocks under pressure in Asian trade as a U.S.-Iran truce expired and Tehran threatened to adopt a "fully offensive" military posture.
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Business
Budget 2027 seen offering more incentives to SMEs
KUALA LUMPUR: Budget 2027 is expected to offer more incentives to support small and medium enterprises (SMEs) amid rising costs, supply chain disruptions and geopolitical uncertainties, said Affin Bank Bhd chief economist Alan Tan.
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Business
'China Shock 3.0'? New wave of 'Chinese dividends' on the way
CHINA's strong momentum in scientific and technological innovation, and in advanced manufacturing, is generating a steady stream of innovation dividends and new opportunities for global cooperation, the Global Times reported on Monday, citing data from the National Bureau of Statistics.
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Corporate News
MRT Corp appoints Tan Sri Wan Ahmad Dahlan Abdul Aziz as new chairman
KUALA LUMPUR: Malaysia Rapid Transit Corp Sdn Bhd (MRT Corp) has appointed Tan Sri Wan Ahmad Dahlan Abdul Aziz as its new chairman, effective Aug 13, 2026.
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Economy
Malaysia's jewellery trade hits RM12.13bil in 1H26 - MATRADE
KUALA LUMPUR: Malaysia's total jewellery trade grew 10 per cent to RM12.13 billion in the first half of 2026 (1H 2026), sustaining the industry's strong momentum following a record performance last year.
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Economy
Digital economy on track to account for 30% of GDP by 2030
KUALA LUMPUR: The digital economy is on the right track to account for 30 per cent of the nation's gross domestic product (GDP) by 2030, said Digital Minister Gobind Singh Deo.
