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Markets

Bursa Malaysia launches BMQ and BMQ-S indexes for financially strong companies

KUALA LUMPUR: Bursa Malaysia Bhd today launched the Bursa Malaysia Quality 50 Index (BMQ) and the Bursa Malaysia Quality 50 Shariah Index (BMQ-S), its first in-house indexes based on financial performance.  

Markets

ACE Market-bound one gasmaster aims to raise RM19.38mil from IPO

KUALA LUMPUR: One Gasmaster Holdings Bhd aims to raise RM19.38 million from its initial public offering (IPO) ahead of its ACE Market listing on Jan 27, 2026.

Business

China to scrap export tax rebates for solar energy products

CHINA will begin phasing out value-added tax export rebates for photovoltaic products from April 1, the finance ministry announced in a joint statement with the State Taxation Administration on Friday.

Forex

Dollar reels on criminal probe into Powell, gold hits record high

SINGAPORE: The U.S. dollar fell by the most in three weeks on Monday as U.S. prosecutors opened a criminal investigation into Federal Reserve Chair Jerome Powell, adding to tensions with the Trump administration.

Economy

Building costs rise in Dec 2025 on higher cement, sand - DoSM

KUALA LUMPUR: Building costs rose in December 2025, driven by higher cement and sand prices, data from the Department of Statistics Malaysia (DoSM) showed.

Commodities

Oil edge up as Iran supply risk counters Venezuela export resumption

SINGAPORE: Oil prices edged higher on Monday as escalating protests in Iran sparked concerns about supplies from the OPEC producer, while efforts to resume oil exports from Venezuela and expectations the market ‌will be oversupplied this year limited gains.

Investment

Singapore will measure GIC, Temasek performance against mandates, not other funds, minister says

SINGAPORE: Singapore's government will assess the performance of state investors GIC and Temasek against their mandates and risk profiles and will not compare them with other funds, a minister said on Monday.

Corporate News

Lianson Fleet unit completes disposal of vessel for RM40.65mil

KUALA LUMPUR: Lianson Fleet Group Bhd said its indirect wholly-owned subsidiary, Icon Piai 1 (L) Inc, has completed the disposal of the Yinson Hermes, an offshore tug and supply ship, for US$10mil (RM40.65mil) cash as part of efforts to modernise and replace its fleet in line with the evolving market demands of the oil and gas industry.

Markets

Plantations, banks lead KLCI rally

KUALA LUMPUR: Bursa Malaysia sustained a rally over the morning session, tracking optimism in global markets as recent US employment data helped alleviate concerns over the health of the economy.

Corporate News

Matrix Concepts completes fourth round of food aid programme

KUALA LUMPUR: Matrix Concepts Holdings Bhd, in collaboration with Mawar Medical Centre and Kechara Soup Kitchen (KSK), has carried out the fourth round of its food aid distribution programme at Arena Seremban.

Markets

Stocks wobble, dollar tips as Trump-Fed feud deepens

SINGAPORE: The dollar fell and U.S. equity futures slid after Federal Reserve Chair Jerome Powell said the Trump administration threatened him with a criminal indictment, stoking investor worries about the central bank's independence.

Banking

AIBIM appoints Rafe Haneef as president

KUALA LUMPUR: Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) has appointed MBSB Bank Bhd's group chief executive officer Rafe Haneef as president effective Jan 1, 2026.

Markets

Foreign investors turn net buyers with RM42.5mil equities inflow last week

KUALA LUMPUR: Foreign investors turned net buyers of Bursa Malaysia equities last week, snapping a four-week selling streak, with net inflows of RM42.5 million.

Markets

Trading in Sunway, IJM shares suspended pending anouncement

KUALA LUMPUR: Sunway Bhd and IJM Corp Bhd announced in separate filings with Bursa Malaysia that trading in their respective shares had been suspended from 9am on Monday.

Markets

FBM KLCI maintains rally as risk appetite improves

KUALA LUMPUR: The FBM KLCI edged higher on Monday as the market attempted to extend its gains over the previous Friday's rally.

Corporate News

Trading ideas: Capital A, Iconic, UEM, MMAG, Meta Bright, KKB, Global Oriental, Reneuco, ITMAX, Insights Analytics

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

Forex

Ringgit opens marginally lower as US policy repricing lifts DXY

KUALA LUMPUR: The ringgit opened marginally lower on Monday versus the greenback, pressured by a firmer US Dollar Index (DXY) as markets repriced United States monetary policy following softer jobs data, an economist said.

Markets

Ambani’s Reliance Jio considering IPO

MUMBAI: Reliance Jio Platforms is considering an initial public offering (IPO) this year that would float 2.5% of the company, people familiar with the matter say, a move that could make it the country's largest-ever IPO worth more than US$4bil.

Economy

ART system set to transform Sarawak transport 

KUCHING: The autonomous rapid transit (ART) system, which is set for operation this year for the Samarahan-Kuching route, will be extended to connect the new Kuching International Airport that will be built in Tanjung Embang, Asajaya district in the Samarahan Division.

Corporate News

Rio-Glencore deal closer than ever

LONDON: Glencore Plc boss Gary Nagle has called it the most obvious deal in mining.