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Corporate News

Australia's Lynas Rare Earths CEO to retire after over a decade in role

MELBOURNE: Australia's Lynas Rare Earths said on Tuesday its Chief Executive Officer Amanda Lacaze is retiring after 12 years, just as Western countries seek greater security of supply for the metals for which Lynas is the top Western producer.

Aviation

AirAsia X to be renamed AirAsia from Jan 19

KUALA LUMPUR: AirAsia X Bhd will be renamed AirAsia from Jan 19 as low-cost carrier AirAsia reaches the final stages of its restructuring to consolidate all aviation businesses under a single entity, according to its founder Tan Sri Tony Fernandes.

Economy

HK sees innovation, tech efforts bear fruit

HONG KONG: From the first homegrown chip to the rapid rise in global innovation rankings, Hong Kong has accelerated its pivot toward innovation and technology (I&T) over the past year, positioning the sector as a critical new engine for growth alongside its traditional economic pillars.

Business

VSTECS appointed distributor of Agibot humanoid robotics solutions

KUALA LUMPUR: VSTECS Bhd via its wholly-owned subsidiary VSTECS Astar Sdn Bhd has been appointed by Agibot Innovation (Shanghai) Technology Co Ltd as a distributor of Agibot's humanoid robotics solutions in Malaysia.

Corporate News

Kumpulan Jetson unit disposes of adhesives manufacturing business for RM14.8mil

KUALA LUMPUR: Kumpulan Jetson Bhd said its wholly-owned subsidiary GRP Holdings Sdn Bhd has inked a share sale agreement with Ng Boon Hong for the disposal of its entire equity share in GRP Sdn Bhd, an adhesives and sealant manufacturing business, for RM14.8mil.

Commodities

Malaysia's Nov natural rubber production down 29.6% - DOSM

KUALA LUMPUR: Malaysia's natural rubber (NR) production decreased by 29.6 per cent in November 2025 to 20,891 tonnes against October's 29,673 tonnes, chief statistician Datuk Seri Dr Mohd Uzir Mahidin said.

Auto

Perodua expects Malaysia's TIV to reach 820,000 units for 2025

KUALA LUMPUR: Malaysia's total industry volume (TIV) is expected to reach 820,000 units for 2025, signalling the demand for vehicles remains healthy as customers continue to hunt for value, said Perusahaan Otomobil Kedua Sdn Bhd (Perodua).

Economy

Required low-carbon investment for OIC averages 1.4% of GDP - Bank Negara deputy governor

KUALA LUMPUR: The investment required for the Organisation of Islamic Cooperation (OIC) countries to pursue low-carbon strategies averages 1.4 per cent of gross domestic product (GDP) and rises to over 5.0 per cent for low-income members, Bank Negara Malaysia (BNM) Deputy Governor Adnan Zaylani Mohamad Zahid said today.

Commodities

MPOB to introduce used cooking oil reference price in 1Q 2026

KUALA LUMPUR: The Malaysia Palm Oil Board (MPOB) will introduce an official used cooking oil (UCO) reference price in the first quarter of 2026, said Plantation and Commodities Minister Datuk Seri Dr Noraini Ahmad.

Markets

Bank rally keeps FBM KLCI at multi-year highs

KUALA LUMPUR: The FBM KLCI stayed aloft of the 1,700-point level at it entered the lunch break, with heavyweight bank shares leading the surge to a multi-year high.

Property

Malaysia's property sector to shift to fundamental- driven growth - Knight Frank

KUALA LUMPUR: Headline activity in Malaysia's property market no longer provides a complete picture of underlying market dynamics, as outcomes are now driven by infrastructure readiness, capital discipline and alignment with long-term demand fundamentals.

Stock on the Move

Semico Capital achieves 80% premium over IPO price, raises RM23.2mil

KUALA LUMPUR: Semico Capital Bhd made a strong debut on the ACE Market of Bursa Malaysia today as it opened at 45 sen, achieving a premium of 80 per cent over its initial public offering (IPO) price of 25 sen per share.

Markets

Asia stocks climb as Nikkei jumps to record, earnings loom

SYDNEY: A surge in Japanese shares led Asia higher on Tuesday amid investor bullishness over all things AI, while the cloud of uncertainty over Federal Reserve independence favoured gold even as it weighed on the dollar.

Forex

Australian, New Zealand dollars rise on yen outflows, weak greenback

SYDNEY: The Australian and New Zealand dollars held onto gains on Tuesday, supported by flows out of the Japanese yen and broad weakness in the greenback on concerns over the U.S. central bank's independence.

Corporate News

Amanda Lacaze to retire as Lynas CEO, MD

KUALA LUMPUR: Lynas Rare Earths Ltd chief executive officer and managing director Amanda Lacaze will retire after 12 years in the role.

Markets

Japan's Nikkei hits all-time high on Wall Street rally, snap election bets

TOKYO: Japan's Nikkei share average surged to a record high on Tuesday, as markets played catch-up with Wall Street's recent two-day rally following a public holiday in the Asian nation earlier this week.

Markets

Ringgit extends gains against US$ at opening

KUALA LUMPUR: The ringgit extended its momentum to open higher on Tuesday against a weaker greenback amid growing market concern over the United States (US) Federal Reserve's (Fed) independence following continued pressure on its monetary policy stance.

Markets

FBM KLCI hits 1,700 as banks surge to record levels

KUALA LUMPUR: The buying momentum on the FBM KLCI is picking up speed as investor risk appetite improved amid confidence over the health of the global economy.

Corporate News

Trading ideas: Sunway, IJM, TM, Lianson Fleet, HE, Vantris, IGB, Favelle Favco, AnwaBiru, Rexit, Melati Ehsan

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

Markets

S&P 500, Dow hit closing record highs; Walmart, tech climb

NEW YORK: The S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart gaining and as investors mostly brushed aside concerns about the U.S. Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell.