Latest

21h ago

Corporate News
TSMC fourth-quarter profit leaps to record driven by AI boom

TAIPEI: TSMC, the world's main producer of advanced AI chips and a major supplier to Nvidia, on Thursday posted a 35% jump in fourth-quarter profit to record levels that handily beat market forecasts on Thursday.
21h ago

Markets
Bursa Malaysia slips as profit-taking hits heavyweight counters, KLCI down 0.33%

KUALA LUMPUR: Bursa Malaysia ended the morning session in negative territory, weighed down by continued profit-taking in most heavyweight counters.
21h ago

Corporate News
Malaysia's construction, sub-contractor industries urged to expand into Asean, India- AIEC

KUALA LUMPUR: Malaysia's construction and sub-contractor industries must expand beyond domestic borders and actively tap opportunities in the wider ASEAN region and India to remain competitive, said ASEAN India Economic Council (AIEC) Malaysia chairman Datuk Ramesh Kodammal.
21h ago

Corporate News
Kerjaya Prospek unit bags RM201.25 construction contract in Sungai Buloh

KUALA LUMPUR: Kerjaya Prospek Group Bhd said its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd has accepted a building contract from Greencove Sdn Bhd in Sungai Buloh, Selangor, for RM201.25mil.
23h ago

Commodities
Oil drops as Trump calms Iran fears; tech stocks slide in Asia

TOKYO: Oil prices retreated from multi-month highs on Thursday and safe-haven gold eased back from a record peak after U.S. President Donald Trump calmed market anxiety about potential U.S. military action against Iran.
23h ago

Economy
Bank Negara's OPR expected to remain at 2.75% throughout 2026 - BMI

KUALA LUMPUR: BMI maintained its view that Bank Negara Malaysia (BNM) will leave the overnight policy rate (OPR) unchanged at 2.75 per cent for the rest of 2026 amid support from resilient domestic demand.
1d ago

Forex
Ringgit edges up as softer US yields weigh on greenback

KUALA LUMPUR: The ringgit edged marginally higher against the US dollar on Thursday, underpinned by easing United States Treasury yields that weighed on the greenback as markets priced in a more accommodative Federal Reserve policy stance.
1d ago

Economy
Global trade finance gap at US$2.5 trillion as global trade tensions rise, ADB says

SINGAPORE: Financial institutions globally failed to meet $2.5 trillion in financing that companies needed for trade last year, holding back the global economy, according to a new survey by the Asian Development Bank.
1d ago

Markets
FBM KLCI hovers above 1,700 support

KUALA LUMPUR The FBM KLCI made a cautious start on Thursday after a four-day rally that tacked on about 2.4% to the market benchmark.
1d ago

Corporate News
Former army chief Zamrose resigns as Boustead Heavy Industries director

KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd (BHIC) said General (Retired) Tan Sri Zamrose Mohd Zain has resigned as a director of the company, with effect from Jan 12, 2026.
1d ago

Corporate News
Trading ideas: Sunview, TNB, Capital A, Keyfield, TRC, Rexit, Pestec, AirAsia X, Hibiscus, Selangor Dredging, BHIC, Globetronics

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
1d ago

Commodities
Oil reverses gains after Trump eases worries over Iran

Oil prices settled higher on Wednesday, then gave back most of the day's gains after US President Donald Trump eased fears of disruptions to Iranian supplies when he said late in the afternoon that killings in Iran's crackdown on civil unrest were subsiding.
1d ago

Markets
Wall Street ends lower, led by drop in Nasdaq

US stocks finished lower on Wednesday, led by a drop in the Nasdaq, with technology shares declining as investors moved into more defensive areas, while bank stocks extended recent losses following some mixed quarterly results.
1d ago

Economy
Cherry supplies in China sidestep pre-holiday woes

For much of the past decade, Chile's export of cherries to China ran on a narrow calendar.
1d ago

Economy
South Korean manufacturers brace for slowdown amid volatility

Nearly four in 10 South Korean manufacturers expect an economic slowdown in the country this year.
1d ago

Corporate News
Saks’ CEO Baker to exit retailer ahead of bankruptcy

Saks Global Enterprises' chief executive officer (CEO) Richard Baker is departing the beleaguered luxury conglomerate he created as it prepares to restructure under bankruptcy court protection.
1d ago

Property
Scotland plans tax on homes over US$1.35mil

The Scottish government plans to introduce two new council tax bands by 2028 for the most expensive properties while raising the threshold at which lower earners pay income tax.
1d ago

Economy
Option traders see no Fed cuts this year

Traders focused on options are increasingly pricing out expectations for any Federal Reserve (Fed) interest rate cuts in 2026, making wagers instead that would pay off if the central bank stays on hold all year.
1d ago

Energy
New York says DCs must pay more for power

New York plans to require data centre (DC) operators to shoulder more of the cost of powering their energy-hungry facilities, aiming to prevent surging electricity demand from pushing up household utility bills.
1d ago

Auto
Global EV sales likely to slow after jump last year

Global electric vehicle (EV) registrations grew 20% last year but are likely to lose pace in 2026, data show, as a slowdown in China and a relaxation of electrification targets worldwide led in December to the smallest sales increase since February 2024.