Latest
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Aviation
Lufthansa resumes KL-Frankfurt direct flight service
SEPANG: Lufthansa Airlines today launched its nonstop service between Kuala Lumpur and Frankfurt, Germany, restoring a direct air link between the two cities after nearly a decade.
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Forex
Ringgit opens higher against US$, major currencies
KUALA LUMPUR: The ringgit opened higher against the US dollar and other major currencies on Tuesday as Malaysia's resilient economic fundamentals continued to support the local note amid lingering geopolitical risks in West Asia, an analyst said.
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Markets
FBM KLCI retraces higher as global sentiment improves
KUALA LUMPUR: The FBM KLCI bounced slightly higher amid an uptick in investor sentiment after Anthropic filed for an initial public offering in the US, spurring interest in AI plays.
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Corporate News
Trading ideas: Aneka, BProperty, Econpile, Edelteq, GDB, KKB, Malton, Matang, Pansar, SSF, SKA, Unitrade, West River
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
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Markets
World stocks gain ahead of 'formidable' week for risk; oil prices fall
NEW YORK/LONDON: Global shares advanced on Monday, with investors focused on central bank meetings and a week of corporate earnings that will test confidence in the AI boom.
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Corporate News
Aneka Jaringan wins RM53.4mil piling contract
PETALING JAYA: Aneka Jaringan Holdings Bhd (AJHB) has secured a RM53.35mil contract from EDP Consulting Group Sdn Bhd, on behalf of IOI Rio Mall Sdn Bhd, IOI Hospitality Sdn Bhd and IOI Rio Towers Sdn Bhd for bored piling works at the Rio City Town Centre development in Selangor.
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Corporate News
Unitrade gets Finnish waste tech licence
PETALING JAYA: Unitrade Industries Bhd said its 60%-owned subsidiary Winnson Ecotech Sdn Bhd has entered into a technology transfer and licensed manufacturing agreement with Molok Oy, a waste collection solutions specialist in Finland.
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Corporate News
Matang suspends CFO for probe
KUALA LUMPUR: Matang Bhd has suspended its chief financial officer (CFO) and acting chief operating officer (COO), Tan Theng Hwee, from her duties with immediate effect to facilitate an internal investigation.
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Corporate News
Citaglobal to sell Manjaran stake for RM50mil
PETALING JAYA: Citaglobal Bhd has entered into a conditional share sale agreement with Berjaya Property Bhd (BProperty) for the disposal of its 20% stake, comprising 1.6 million shares, in Manjaran Sdn Bhd for RM50mil.
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Corporate News
Econpile wins RM24mil job
PETALING JAYA: Econpile Holdings Bhd has secured a contract from REIN Architects Sdn Bhd on behalf of Beverly 37 Sdn Bhd for site clearance, retaining wall and piling works for a serviced apartment development in Kuala Lumpur, worth RM24.4mil.
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Corporate News
SSF Home plans RM42mil land acquisition
PETALING JAYA: SSF Home Group Bhd is proposing to acquire three parcels of leasehold land totalling 52,611 sq m in Pulau Indah, Selangor, from IFFCO Foods Sdn Bhd for RM42.47mil.
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Corporate News
SKA Capital bags RM89mil TNB contracts
KUALA LUMPUR: SKA Capital Bhd's wholly-owned subsidiary, SKA Rekabina Sdn Bhd, has accepted a letter of award (LoA) from Ibrahim & Sons Engineering Sdn Bhd for six contracts awarded by Tenaga Nasional Bhd (TNB), with a combined value of RM89.28mil.
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Markets
Selling pressure pulls Bursa Malaysia lower
KUALA LUMPUR: Bursa Malaysia closed lower yesterday, weighed down by selling pressure in selected heavyweights, mainly utilities and banking stocks, alongside weaker performances across regional markets.
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Corporate News
Pansar awarded RM170.86mil Samalaju works
PETALING JAYA: Pansar Bhd has secured a RM170.86mil contract from KKB Engineering Bhd for civil and structural subcontract works under the second phase of a water infrastructure upgrade project in Samalaju, within the Sarawak Corridor of Renewable Energy.
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Economy
AI boom set to continue
PETALING JAYA: Amid layers of criticism and scepticism, the evolution of artificial intelligence (AI) in today's business world is a real phenomenon that is here to stay, industry players say.
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Corporate News
West River wins RM17.85mil M&E contracts
PETALING JAYA: West River Bhd, via its wholly-owned subsidiary West River Engineering Sdn Bhd (WRE), has secured two separate residential mechanical and electrical (M&E) engineering subcontracts with a combined value of RM17.85mil.
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Corporate News
GDB bags record RM1bil ParkCity Residences job
PETALING JAYA: Construction group GDB Holdings Bhd has secured a RM1.017bil contract from Perdana ParkCity Sdn Bhd to build ParkCity Residences, a luxury residential development in Desa ParkCity.
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Economy
China-Europe rail tops 140,000 trips since 2011
SHENYANG: A Moscow-bound freight train left Puhe station in Shenyang, Liaoning province, last Thursday morning as the China-Europe Railway Express passed 140,000 trips nationwide since its 2011 launch, with Liaoning emerging as a key hub in Northeast China.
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Economy
Vietnam’s certificate of deposit rates keep rising
HANOI: While savings interest rates have shown signs of cooling down, the rates on certificates of deposit (CDs) have kept rising by 0.1 to 0.3 percentage points per year.
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Auto
Chinese carmakers overtake Japan in Europe
SHENZHEN: Chinese automakers outsold Japanese rivals in Europe for the first time over a full quarter, underscoring how quickly brands like BYD Co and Chery Automobile Co are gaining ground in the region.
