Latest
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Corporate News
Solarvest's 1Q net profit rises to RM19.02mil, aims to grow order book to RM5bil
KUALA LUMPUR: As Malaysia's solar and battery energy storage system (BESS) ecosystem continues to grow, Solarvest Holdings Bhd is aiming to convert nearly half of its existing order book into revenue in FY27, while growing its order book to RM5bil over the next year, said executive director and group CEO Datuk Davis Chong Chun Shiong.
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Corporate News
Hextar Global records 2Q net profit of RM15.12mil
KUALA LUMPUR: Hextar Global Bhd's net profit in the second quarter ended June 30, 2026, dipped slightly to RM15.12mil form RM15.93mil in the year-ago quarter on the back of lower contribution from the fruit segment, cushioned by by improved contribution from the agriculture and speciality chemicals segments.
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Corporate News
PETRONAS Chemicals' 2Q net profit jumps to RM414mil amid strong demand, higher product spreads
KUALA LUMPUR: PETRONAS Chemicals Group Bhd (PetChem) posted a strong second quarter ended June 30, 2026 (2QFY26), amid robust demand and higher product spreads due to the prolonged West Asia conflict, bolstering profitability in what was otherwise an operationally challenging quarter, said managing director and CEO Mazuin Ismail.
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Markets
Bond selloff slows but stocks wobble
SINGAPORE: Global bond yields hovered near their highest for decades on Wednesday, as fears over swelling sovereign debt pushed borrowing costs higher and rattled stock markets worldwide.
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Corporate News
Penang Port accelerating transformation into smart, efficient, low-carbon port - PPC chairman
KUALA LUMPUR: The global port and shipping industry is rapidly moving towards digitalisation, intelligent operations and green development, said Penang Port Commission (PPC) Chairman Datuk Yeoh Soon Hin.
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Corporate News
Unique Fire says softer 1Q net profit due to cost of new investments
KUALA LUMPUR: Unique Fire Holdings Bhd reported a lower net profit in the first quarter of its financial year ended June 30, 2026, reflecting its ongoing investment in future growth projects.
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Markets
Defensive counters in favour as sentiment turns cautious
KUALA LUMPUR: Expectations are for Bursa Malaysia to trade cautiously as Middle East tensions continue to mount, sending traders into a defensive posture.
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Forex
Ringgit opens higher vs US$ as Fed rate hike expectations ease
KUALA LUMPUR: The ringgit opened higher against the US dollar, supported by expectations that the possibility of a US Federal Reserve (Fed) interest rate hike at its September meeting has receded, an economist said.
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Corporate News
Trading ideas: Malakoff, Bus Cap, West River, OCR, Destini, MSC, Lotte, FGV, AMMB, JPG, Master Tec, Kawan, DRB-Hicom, KPJ, Hume, Duopharma
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
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Markets
Tech selloff weighs down Wall St as bond yields climb
Wall Street's main indices closed lower on Tuesday with semiconductors leading technology declines as Middle East uncertainty pushed bond yields to multiyear peaks, feeding concerns about borrowing costs and inflation.
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Commodities
Oil hits three-week high as US-Iran peace hopes fade
Oil prices settled at their highest level in more than three weeks on Tuesday after Iran said it would adopt a more offensive stance and the Strait of Hormuz would remain closed, while the United States ruled out extending a ceasefire.
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Corporate News
Datavita gets US$406mil DC financing
Datavita has secured £300mil (US$406mil) of financing from ING, ABN Amro, and other European banks as it bids to expand an existing data centre (DC) in Scotland and build another.
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Insight
Cross-border trade unstoppable – Is it the new norm?
Headlines and social media channels are dominated by domestic small and medium enterprises (SMEs) that are facing intense pressure from foreign cross-border trade platforms, which use low factory-direct pricing, heavy subsidies, and localised digital ecosystems to bypass local intermediaries and undercut domestic retail margin.
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Economy
Minimum wage review timely
The review of the RM1,700 minimum wage comes amid growing pressure over the cost of living, as the current floor remains below the poverty line and the share of national income stands at just 33.9% of gross domestic product (GDP).
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Corporate News
Australia’s CSL braces for slow year amid sweeping restructuring
CSL Ltd forecast no revenue growth and underlying net profit after tax (NPAT) growth of about 5% at constant currency for fiscal 2027, signalling another subdued year as Australia's largest health-care company pushes ahead with a sweeping restructuring.
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Corporate News
Jane Street’s US$15bil loss lays bare its hedge fund side
The question pinged around Wall Street trading desks as they watched their rivals at Jane Street shatter record after record: Had they cracked the game, or were they playing a different one?
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Corporate News
Nvidia backs OpenAI in massive Ohio AI hub
Nvidia Corp agrees to spend as much as US$105bil to support a massive new data centre campus in Ohio set to be leased by OpenAI, marking the latest tie-up between two dominant forces driving the artificial intelligence (AI) boom.
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Economy
Canada braces for US tariffs threatening jobs
Canada faces a new round of 50% US tariffs this week that businesses say could cause job losses in some already struggling industries, while complicating broader negotiations over the future of North America's free trade agreement.
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Corporate News
Pentagon pressure drives Smack’s funding round
Smack Technologies, a defence-technology startup building artificial intelligence (AI) decision-making tools for the military, is raising funding to speed production of its flagship product and make wearable AI hardware designed for the battlefield.
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Corporate News
Petrobras mulls helping Braskem credit terms amid debt talks
Brazil's Petrobras is weighing whether to grant improved payment terms to Braskem on some contracts as the petrochemical producer races against the clock to find a solution for its debt woes ahead of an Aug 24 deadline to avoid filing for bankruptcy protection, according to sources.
