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Corporate News

Holcim lifts guidance again driven by strong demand

ZURICH: Holcim Ltd has raised its full-year guidance for the second time this year after robust demand for more sustainable building materials saw third-quarter (3Q26) profit beat expectations. 

Property

Mah Sing to ride on Kulai to widen Johor footprint

KULAI: Mah Sing Group Bhd is banking on Kulai district's growth potential to further strengthen its presence in Johor since entering the state 26 years ago.

Economy

BNM governor: Islamic finance has evolved via innovation

KUALA LUMPUR: Malaysia's Islamic finance industry is evolving beyond traditional banking to play a wider role in people's lives and the economy, from helping microentrepreneurs build sustainable businesses to enabling small and medium enterprises (SMEs) to enter global markets. 

Insight

When the world turns pink

Pink October reminds us that awareness begins with a ribbon, but its real measure is whether knowledge, care and companionship reach the woman who needs them.

Economy

Trump defends tariffs at Georgia rally as he touts new US Audi plant

PERRY: President Donald Trump has defended his decision to wield tariffs during a campaign rally in Georgia, saying they've made the United States richer as he announced that Volkswagen AG agreed to build a new US$4.2bil Audi plant in the state.

Economy

Indonesia begins trimming pipeline gas exports to Singapore

JAKARTA: Indonesia is reducing natural gas exports to neighbouring Singapore as President Prabowo Subianto seeks to shore up domestic supply and strengthen energy security for South-East Asia's largest economy.

Economy

North Korea’s Kim crosses new bridge into China

BEIJING: North Korean leader Kim Jong Un visited the Chinese border city of Dandong last Saturday, Xinhua has reported, crossing a newly opened bridge in a symbolic move seen as highlighting Beijing and Pyongyang's push to expand trade ties.

Corporate News

Metals traders notch another record-profit year

LONDON: Metals traders are earning billions of dollars in a second consecutive blowout year for the sector, with several top trading houses notching up record profits.

Economy

UK budget likely to boost mayors’ funding

MANCHESTER: British Finance Minister John Healey will use this week's budget to hand mayors in England new funding and powers, including a £1.5bil (US$2bil) borrowing facility, as part of plans to move economic decision-making out of Westminster.

Markets

Total meltdown in riskiest debt jolts market

WASHINGTON: It was a panicked message from a colleague that woke fund manager Ivelina Green at 5am last Thursday in New York: "Total meltdown."

Economy

Venezuela to restart a crucial power plant with China’s help

CARACAS: A Chinese engineering company is on the cusp of partially restarting a massive Venezuelan power plant that's been largely idle for years, a crucial step toward fixing the nation's dilapidated grid. 

Corporate News

Lindt has got chocolate price hikes wrong, chairman says

ZURICH: Lindt & Sprungli has struggled because it misjudged how consumers would respond to price increases, the chair of the Swiss chocolate maker says, days after the company ousted its chief executive officer over concerns about its performance.

Economy

Latvia among top-five routes for Russian grain exports

MOSCOW: Latvia, a member of the European Union (EU) and North Atlantic Treaty Organisation, or Nato, has emerged as one of the top-five countries used to ship Russian grain this marketing season despite strained political ties, as Moscow redirects exports from the Azov-Black Sea basin to Baltic ports.

Markets

Sinking profits turn stock rout into trap

BEIJING: Pessimism has gripped Chinese stocks, with no end in sight for a deepening sell-off as investors confront the realities of an economy that's weak enough to erode corporate profits but not to trigger forceful new stimulus.

Corporate News

Kerjaya Prospek order replenishment on track

PETALING JAYA: Kerjaya Prospek Bhd's recent RM568.2mil contract from Tenaga Nasional Bhd or TNB for the establishment of a transmission main intake substation – Paka GIS – in Terengganu marks its exposure into infrastructure-related works.

Corporate News

Test of resilience

Are corporates well-equipped to face the potential El Nino-induced heat, drought and haze next year?

Telcos

Earnings uptrend forecast for Axiata

PETALING JAYA: Axiata Group Bhd is expected to see stronger earnings, supported by improved performances at its key operating subsidiaries, particularly Dialog Axiata Plc in Sri Lanka and Robi Axiata Plc in Bangladesh.

Corporate News

Photonics, chip packaging to catalyse Inari’s growth

PETALING JAYA: Inari Amertron Bhd is looking to strengthen its growth prospects by expanding its photonics and advanced semiconductor packaging capabilities, positioning the group to tap rising demand for artificial intelligence (AI) infrastructure and data-centre (DC) connectivity.

Corporate News

Padini cautiously optimistic despite challenges, proposes buyback

PETALING JAYA: Padini Holdings Bhd will continue to focus on cost discipline, prudent working capital management, and sustained investment in product quality and customer experience as it navigates an uncertain economic landscape.

Corporate News

Bright outlook for Jati Tinggi

PETALING JAYA: Jati Tinggi Group Bhd's unbilled order book has reached a record RM1.5bil following its largest contract win, strengthening its position to secure larger power infrastructure projects.