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Corporate News

Redtone appoints Robin Tan as executive deputy chairman

KUALA LUMPUR: Redtone Digital Bhd has appointed Datuk Seri Robin Tan Yeong Ching as executive deputy chairman.

Business

U Mobile, MRT Corp ink MoU to provide 5G coverage at RTS Link complex

KUALA LUMPUR: U Mobile has signed a memorandum of understanding (MoU) with Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp) to explore providing 4G and 5G in-building coverage at the Immigration, Customs and Quarantine (ICQ) Complex in Bukit Chagar, Johor Bahru.

Corporate News

Propel Global unit inks MoU to explore oil and gas projects in Sabah

KUALA LUMPUR: Propel Global Bhd's subsidiary, Best Wide Engineering (M) Sdn Bhd, has signed a memorandum of understanding (MoU) with Labuan Shipyard & Engineering Sdn Bhd and Teguh Energy Sdn Bhd to explore oil and gas engineering projects in Sabah.

Corporate News

CelcomDigi proposes RM10bil sukuk programme

KUALA LUMPUR: CelcomDigi Bhd, through its wholly-owned subsidiary CelcomDigi Telecommunications Sdn Bhd, has proposed to establish an Islamic medium-term notes programme of up to RM10bil in nominal value.

Banking

Affin Group appoints Doreen Choo as Affin Pheim CEO

KUALA LUMPUR: Affin Group has appointed Doreen Choo Choy Wan as group chief executive officer of Affin Pheim Asset Management Group, effective Oct 23, 2026.

Banking

BNM, Bank of Thailand join Singapore’s bloom cross-border digital money initiative

SINGAPORE: Bank Negara Malaysia (BNM) and Bank of Thailand (BOT) have joined the Borderless, Liquid, Open, Online, Multi-currency (BLOOM) initiative as policymaker members, said the Monetary Authority of Singapore (MAS) on Friday.

Markets

FBM KLCI extends winning streak, ends week higher

KUALA LUMPUR: The FBM KLCI ended the week on a positive note, extending its winning streak to four consecutive sessions as buying interest in selected heavyweight stocks helped sustain the market's recovery.

Energy

Brent crude hits more than five-month high on concern over Middle East escalation

LONDON: Oil prices rose on Friday, with Brent crude touching a more than five-month high, after Houthi attacks in Saudi Arabia stoked concern over further disruption to energy supplies from the Middle East.

Markets

KEB to raise RM48.49mil from ACE Market IPO

KUALA LUMPUR: Property developer KEB Bhd expects to raise RM48.49mil from its initial public offering (IPO) ahead of its listing on the ACE Market of Bursa Malaysia on Nov 16.

Energy

PETRONAS, TotalEnergies and Mitsui form JV to develop offshore CO2 storage

KUALA LUMPUR: PETRONAS, through its wholly-owned subsidiary PETRONAS CCS Ventures Sdn Bhd (PCCSV), has signed a joint venture agreement (JVA) with TotalEnergies EP CCS Malaysia and Mitsui & Co Ltd to develop carbon dioxide (CO2) storage areas offshore Peninsular Malaysia.

Markets

Asian stocks stay near three-month low on AI funding fears

EMERGING Asian equities recovered some ground on Friday but remained close to a three-month low, as worries about AI's unsustainable funding needs drove money into safe havens.

Corporate News

YTL Group appoints Yeoh family members to alternate director posts

KUALA LUMPUR: YTL Group has announced the appointment of Joseph Yeoh Keong Shyan as alternate director to Tan Sri Francis Yeoh Sock Ping, in his capacity as executive chairman of Pintar Projek Sdn Bhd, as well as director of YTL Hotels & Properties Sdn Bhd and YTL Land & Development Bhd.

Corporate News

IFSS Malaysia opens smart card facility, targets RM100mil annual revenue

PETALING JAYA: IF Security Solution Sdn Bhd (IFSS Malaysia) has opened a smart card production facility in Petaling Jaya with an annual capacity of 40 million bank cards and SIM cards, targeting revenue of about RM100mil a year.

Corporate News

Singapore Exchange CEO calls for succession planning as contract nears end in 2027

Singapore Exchange CEO Loh Boon Chye on Friday called for the bourse operator to start planning for an eventual leadership transition, although no date had been set for his departure..

Economy

Innovation key driver of trade in Asia-Pacific region

CHINA's trade with other Asia-Pacific Economic Cooperation economies will continue to expand as deeper regional economic integration, closer industrial cooperation and growing demand for high-tech and green products create new growth drivers, said officials and business leaders.

Business

Kerian Industrial City to generate 12,000 jobs in Perak

KUALA LUMPUR: The proposed Kerian Industrial City (KIC) in Dennistown, Perak, with an estimated gross development value (GDV) of RM700mil, is expected to generate 12,000 jobs and attract new investments to the state.

Banking

BNM conducts national risk assessment in 2027, focusing on designated non-financial businesses and professions sectors

KUALA LUMPUR: Bank Negara Malaysia (BNM) will conduct the next iteration of the National Risk Assessment in 2027, enabling a deeper assessment of the money laundering and terrorism financing risks facing the Designated Non-Financial Businesses and Professions (DNFBP) sectors.

Corporate News

Comfort Gloves settles tax disputes with IRB for RM8.3mil

PETALING JAYA: Comfort Gloves Bhd has reached an agreement with the Inland Revenue Board (IRB) to settle tax disputes involving two wholly owned subsidiaries for a total of RM8.3mil.

Markets

Bestari Food secures SC approval for Main Market listing

KUALA LUMPUR: Bestari Food Bhd has secured the Securities Commission Malaysia's (SC) approval for its upcoming listing on the Main Market of Bursa Malaysia Securities Bhd.

Corporate News

Former Bursa Malaysia CEO Umar Swift to helm Hong Leong Investment Bank

KUALA LUMPUR: Hong Leong Capital Bhd (HLCB) has appointed former Bursa Malaysia chief executive officer Datuk Umar Swift as group managing director and chief executive officer of Hong Leong Investment Bank Bhd (HLIB), effective Jan 1, 2027.