Latest
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Economy
Putting wellbeing at the heart of nation’s growth
Economic growth in a country can generate returns in terms of social progress when it is in the early stages of development, but benefits can peter off and become more difficult to achieve.
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Corporate News
Softer 3Q earnings expected for 99 Speed Mart
99 Speed Mart Retail Holdings Bhd's earnings for the ongoing third quarter could "remain softer" before improving in the final three months of this year, says CIMB Research.
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Corporate News
Star Media Group swings to profit in 2Q26
Star Media Group Bhd (SMG) returned to strong profitability in the second quarter ended June 30, 2026 (2Q26), driven by a significant contribution from its property development business and investment segment following the sale of a completed unit in the Star Business Hub development project.
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Corporate News
West River gets approval for power projects
West River Bhd's wholly-owned subsidiary, Neutron Power Sdn Bhd, has secured feed-in approval from the Sustainable Energy Development Authority Malaysia or Seda under the feed-in tariff or FiT system for 2026.
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Corporate News
Johor Plantations quarterly revenue up to RM416mil
Johor Plantations Group Bhd is expecting the palm oil market to remain supported by seasonal restocking demand, Indonesia's B50 biodiesel mandate and the seasonal peak crop cycle going into the rest of 2026.
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Corporate News
ITMAX bags RM187mil Perkeso job
ITMAX System Bhd has been awarded a RM186.8mil contract from the Social Security Organisation (Perkeso) to develop, integrate, deploy, operate and maintain Perkeso's artificial intelligence (AI)-powered Employment Portal.
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Business
Vehicle sales increase 5% in July 2026
Automotive total industry volume increased 5% year-on-year (y-o-y) to 73,615 units in July 2026 from 70,057 units in the same month last year, mainly attributed to the rise in monthly production volume and pick-up sales.
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Corporate News
Mega First declares five sen dividend
Mega First Corp Bhd said its priorities for the rest of the year remain unchanged, which is to preserve cash, strengthen the earnings contribution from its renewable energy division, and focus on operational efficiencies and cost control.
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Corporate News
Record 1H revenue for Lagenda as it eyes growth
After delivering its strongest first-half performance to date, Lagenda Properties Bhd is looking to the next chapter of growth, with RM1.75bil in record unbilled sales and nearly 4,000 acres of landbank providing strong earnings visibility.
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Corporate News
DRB-Hicom expects moderate FY26 outlook
DRB-Hicom Bhd anticipates a moderate outlook for the financial year ending Dec 31, 2026.
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Forex
Ringgit closes higher vs major currencies
The ringgit extended its gains to close higher against major and regional currencies yesterday, as declining expectations of a US Federal Reserve interest rate hike in September weighed on the greenback.
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Corporate News
Nurul Muhaniza named group MD of FGV
FGV Holdings Bhd has appointed Nurul Muhaniza Hanafi as group managing director (MD) with immediate effect, making her the first woman to lead the company.
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Corporate News
Kossan buys cleanroom firms for RM48mil
Kossan Rubber Industries Bhd has entered into conditional agreements to acquire the entire equity interest in Inout Enterprise Pte Ltd (IOS) and a 51% stake in Inout Enterprise (Thailand) Ltd (IOT) for a combined cash consideration of about RM48.4mil.
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Corporate News
Lagenda eyes next growth chapter with record RM1.75bil unbilled sales
PETALING JAYA: After delivering its strongest first-half performance to date, Lagenda Properties Bhd is looking to the next chapter of growth, with RM1.75bil in record unbilled sales and nearly 4,000 acres of landbank providing strong earnings visibility.
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Corporate News
Master Tec posts 21.5% rise in 2Q net profit
KUALA LUMPUR: Master Tec Group Bhd posted a 21.5% increase in net profit to RM8.41mil for the second quarter ended June 30, 2026 (2Q26), from RM6.92mil a year earlier.
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Corporate News
DRB-Hicom expects moderate outlook for FY26
PETALING JAYA: DRB-Hicom Bhd anticipates a moderate outlook for the financial year ending Dec 31, 2026. For its second quarter ended June 30, 2026 (2Q26), DRB-Hicom's net profit dropped to RM30.56mil from RM58.09mil in the previous corresponding period, while revenue grew to RM5.5bil from RM4.14bil in the previous corresponding period. DRB-Hicom said revenue growth in 2Q26 was driven by higher Proton sales volume, contribution from the enlarged aerospace business following the acquisition of CTRM AeroSystems Sdn Bhd, stronger performance from the automotive distribution business, higher financing income at Bank Muamalat, and increased aviation, courier and logistics revenue within the Pos Malaysia group.
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Property
OCR’s Residensi Akasia fully sold as project reaches topping-out stage
KUALA LUMPUR: OCR Group Bhd has topped out its Residensi Akasia development in Shah Alam, with all 963 Rumah Selangorku (RSKU) units sold within 18 months of its launch.
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Corporate News
FGV appoints Nurul Muhaniza Hanafi as group managing director
KUALA LUMPUR: FGV Holdings Bhd has appointed Nurul Muhaniza Hanafi as group managing director (GMD) effective today, making her the first woman to lead the company.
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Corporate News
Golden Destinations eyes growth with East Malaysia, Singapore expansion
KUALA LUMPUR: Golden Destinations Group Bhd is pushing ahead with its post-listing expansion plans as travel demand shifts towards Asia-centric destinations.
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Corporate News
ITMAX bags RM186.8mil Perkeso contract
PETALING JAYA: ITMAX System Bhd has been awarded a RM186.8mil contract from Social Security Organisation (Perkeso) to develop, integrate, deploy, operate and maintain Perkeso's AI-powered Employment Portal.
