Latest
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Corporate News
SCIB secures RM21mil sub-contract for Sabah student hostel upgrade
PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) has secured a RM21.01mil sub-contract from Belian Juta Sdn Bhd to undertake upgrading works for the student hostel block at Institut Pendidikan Guru Kampus Keningau in Keningau, Sabah.
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Corporate News
SC ready to regulate TH investments if decided by government
GEORGE TOWN: The decision on whether the Securities Commission Malaysia (SC) will be given the role of regulating the fund management and investments of Lembaga Tabung Haji (TH) lies with the government, said SC chairman Datuk Mohammad Faiz Azmi.
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Forex
Ringgit firms against greenback at close on late buying ahead of FOMC minutes
KUALA LUMPUR: The ringgit extended its gains to close higher against the US dollar on Wednesday, supported by last-minute buying ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes later tonight.
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Corporate News
Pekat sees energy transition, data centres driving growth
KUALA LUMPUR: Pekat Group Bhd expects Malaysia's ongoing energy transition and rising electricity demand from industrial expansion and data centres to support growth across its businesses.
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Corporate News
Genting Plantations expects palm oil prices to stay supported
KUALA LUMPUR: Genting Plantations Bhd expects palm oil prices to remain supported in the near term, supported by higher biofuel blending mandates in major producing countries and firmer energy prices amid ongoing geopolitical tensions.
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Corporate News
UEM Sunrise maintains RM1.3bil target for FY26
PETALING JAYA: UEM Sunrise Bhd has maintained its full-year sales target of RM1.3bil despite exceeding it by 13% in the first half ended June 30, 2026 (1H26), with unbilled sales providing further upside.
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Corporate News
Amway 2Q net profit more than triples to RM8.7mil
KUALA LUMPUR: Amway (M) Holdings Bhd's net profit more than tripled to RM8.7mil in the second quarter ended June 30, 2026 (2Q26), from RM2.43mil a year earlier, mainly due to product price adjustments.
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Corporate News
S P Setia 2Q26 sales hit RM864mil on strong domestic contribution
PETALING JAYA: S P Setia Bhd delivered sales of RM864mil in its second quarter ended June 30, 2026 (2Q26), with domestic developments contributing RM784mil representing 91% of the total sales, while international developments accounted for the remaining 9%.
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Markets
SC encourages large unlisted firms to pursue dual listings in Malaysia, Hong Kong
GEORGE TOWN: The Securities Commission Malaysia (SC) is identifying large unlisted Malaysian companies and encouraging them to consider dual listings in Malaysia and Hong Kong to broaden their access to international investors.
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Markets
Tech, semiconductor stocks weigh on Bursa Malaysia
KUALA LUMPUR: Bursa Malaysia ended lower on Wednesday as profit-taking following the previous session's gains and losses in technology and semiconductor stocks weighed on the market amid a slew of corporate earnings.
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Commodities
CPO prices to remain above RM4,600 in September on tightening supply, geopolitical disruptions
KUALA LUMPUR: 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, said the Malaysian Palm Oil Council (MPOC).
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Banking
Moody’s affirms AmBank’s A3 ratings, outlook stable
KUALA LUMPUR: Moody's Ratings has affirmed AmBank (M) Bhd's A3/P-2 long- and short-term foreign-currency deposit ratings, with the outlook remaining stable.
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Corporate News
EPMB opens new Tanjong Malim facility to produce Proton components
KUALA LUMPUR: EP Manufacturing Bhd (EPMB) has opened a new RM9.5mil chassis component assembly facility in Tanjong Malim to produce components for selected Proton models.
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Commodities
Gold holds steady with Fed minutes in focus
GOLD traded flat on Wednesday after pulling back in the previous session, with investors awaiting minutes of the U.S. Federal Reserve's July meeting for fresh clues on its monetary policy outlook.
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Energy
Oil extends climb on prolonged Hormuz export uncertainty
SINGAPORE: Oil prices climbed for a fourth straight day on Wednesday as investors weighed conflicting messages from Tehran and Washington on whether the Strait of Hormuz is open to ships.
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Banking
Indonesia central bank holds rates steady, as expected
JAKARTA: Indonesia's central bank held interest rates unchanged for a second straight policy meeting on Wednesday, the first rate-setting meeting since the surprise resignation of Perry Warjiyo as its governor in late July.
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Corporate News
Singapore casino’s winning streak puts pressure on losing 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. Across the harbor at rival Marina Bay Sands, the top sweepstakes winner walked away with a new Mercedes-Benz CLA 200 worth much more.
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Corporate News
Lotte Chemical Titan says parent weighing strategic options, no decision yet
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) said its parent company, Lotte Chemical Corporation (LCC), is considering various strategic options involving the company, but has yet to make a decision.
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Property
Home prices see narrowed declines
CHINA's 70 major cities generally saw narrowed year-on-year home price drops in July, adding to signs of stabilization of the property market, data from the National Bureau of Statistics showed on Monday.
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Markets
Bursa Malaysia remains lower at midday
KUALA LUMPUR: Bursa Malaysia remained lower at midday, tracking the downbeat performances on Wall Street overnight and regional markets, amid escalating tensions in West Asia.
