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Markets

Bonds steady after US Treasury comes to the rescue

SINGAPORE: Global bonds steadied on Thursday after the U.S. Treasury stepped in to stem a rout in its bond market, soothing investor nerves and sending the dollar lower while stocks climbed.

Markets

Bursa Malaysia gets lift from Wall St rally, YTL shares jump

KUALA LUMPUR: Malaysian blue chips rose on Thursday, tracking Wall Street equities that were lifted overnight by the US government's planned buyback of long-term Treasuries to bolster market liquidity.

Forex

Ringgit gains as US debt weighs on greenback, easing rate hike expectations

KUALA LUMPUR: The ringgit opened higher against the US dollar on Thursday as concerns over the rising US government debt weighed on the greenback, dimming expectations of a US interest rate hike, an economist said.

Corporate News

Trading ideas: SCIB, Infomina, SRKK AI, Bintai, BM Greentech, YTL Power, Bus Cap, Alam Maritim, Lotte, CBH, PetChem, SP Setia, TSH, UEM, Takaful, Optimax, Gas, TH, HL Industries, Pekat

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Commodities

Oil nears four-week high as Mideast tensions rise

Crude oil prices rose on Wednesday and settled at the highest in nearly four weeks, as investors worried about escalating tensions in the Middle East after the United Arab Emirates decided to suspend all financial and economic transactions with Iran, and as ship traffic through the Strait of Hormuz remained slow.

Markets

Wall St rises as yields ease, Moderna lifts healthcare stocks

The main US stock market indices closed modestly higher on Wednesday, as easing government bond yields boosted risk appetites while a dramatic rally in shares of vaccine-maker Moderna drove gains in the healthcare sector.

Nation

‘Tax reform must not tie up working capital’

KUALA LUMPUR: Small and medium-sized enterprises (SMEs) want the government to ensure any GST-style tax reform does not tie up the working capital needed to pay workers, suppliers and other day-to-day expenses.

Nation

Industry wants GST elements

KUALA LUMPUR: Business groups have urged the government to incorporate key Goods and Services Tax (GST) features into the Sales and Service Tax (SST) without imposing the complexity or heavy consumer burden of a full consumption tax.

STARPICKS

POWERING ENTERPRISE EXPANSION

The hardy Gelam tree thrives in harsh conditions, adapting to acidic peat, stagnant water and surviving fires by shedding its bark, said Bank Negara Malaysia (BNM) governor Datuk Sri Abdul Rasheed Ghaffour.

Insight

S. Korea makes billions, and takes home little

South Korea, home to the world's two-largest memory chipmakers, is in the midst of an artificial intelligence (AI)-fuelled exports boom. Generating wealth and keeping it at home isn't the same thing, however.

Economy

AI-driven boom prompts agency to raise projection

Moody's is raising South Korea's 2026 growth forecast to 3.5% from 2.5%, betting that the artificial intelligence (AI)-driven memory chip boom will extend into mid-2027.

Corporate News

Barrenjoey muscles into NZ with bold expansion

A fight over banker defections is ushering in a dramatic shakeup for New Zealand's finance industry as it positions for a pickup in dealmaking.

Insight

Plunging private foreign demand can fan US bond rout flames

As global central banks' appetite for US government debt has flat-lined over the past decade, private foreign investors have filled the gap. But their appetite may be waning as well.

Corporate News

Adani’s comeback fuelled by bets on infrastructure

Adani Enterprises Ltd, the flagship of Asia's richest man Gautam Adani, is back to where it stood just before the conglomerate's crisis began more than three years ago: the best-performing stock on India's equity benchmark.

Support Line

SupportLine

QL Resources Bhd bounced off the 50-day simple moving average yesterday after three days of profit-taking.

Corporate News

PetChem’s 2Q26 net profit jumps to RM414mil

PETRONAS Chemicals Group Bhd (PetChem) has posted a strong second quarter ended June 30, 2026 (2Q26) amid robust demand and higher product spreads due to the prolonged West Asia conflict, bolstering profitability in what was otherwise an operationally challenging quarter, says managing director and chief executive officer Mazuin Ismail.

Corporate News

Kossan eyes growth via cleanroom acquisitions

Kossan Rubber Industries Bhd's latest acquisitions are set to strengthen its position in specialised rubber gloves while opening up opportunities to expand its cleanroom product distribution network.

Corporate News

S’pore casino’s winning streak adds pressure on rival

At Singapore casino Resorts World Sentosa's Lunar New Year lucky draw for high rollers earlier this year, the biggest prize was a bottle of Martell Cognac.

Property

China to tap into US$1.6 trillion fund to spur home spending

China is mobilising an often overlooked pool of funds worth 10.9 trillion yuan (US$1.6 trillion) to boost a broad range of housing-related consumption, the country's first policy response after its economic slowdown deepened in July.

Commodities

MPOC expects CPO prices to hold firm amid tight supply

Crude palm oil (CPO) prices are expected to remain firm above RM4,600 per tonne in September, supported by tightening supply fundamentals and continued geopolitical disruptions to global trade flows, says the Malaysian Palm Oil Council (MPOC).