Corporate News

PBAPP to invest nearly RM2.9bil for 12 water supply projects in Penang

GEORGE TOWN: Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) will invest nearly RM2.9 billion to implement 12 water supply projects over the next five years to ensure that the state has sufficient water resources to support its rapid economic growth through 2032.

Banking

Outlook for MSMEs remains resilient despite weaker 1H 2026 Sentiment Index - SME Bank

KUALA LUMPUR: Operational outlook among Malaysia's micro, small and medium enterprises (MSMEs) remains resilient over the next six to 12 months despite a weaker SME Sentiment Index (SSI) reading for the first half of 2026 (1H 2026).

Corporate News

ACE Market-bound RNG Tech eyes RM16.4mil from IPO to drive expansion

KUALA LUMPUR: Vending massage chair service provider, RNG Tech Bhd, aims to raise RM16.4 million from its initial public offering (IPO) ahead of its listing on the ACE Market of Bursa Malaysia on July 7, 2026.

Economy

Malaysia's total trade hits RM3.1 trillion in 2025, Penang tops exports

GEORGE TOWN: Malaysia's total trade expanded to RM3.1 trillion in 2025, comprising RM1.6 trillion in exports and RM1.5 trillion in imports, with Penang continuing to lead the nation's export performance, according to the Department of Statistics Malaysia (DOSM).

Economy

Asean+3 1Q 2026 fiscal position remains resilient amid Middle East conflict - AMRO

KUALA LUMPUR: ASEAN+3's fiscal position remained broadly resilient in the first quarter (1Q) of 2026, despite emerging expenditure pressures and tighter financing conditions following the escalation of the West Asia conflict, according to the ASEAN+3 Macroeconomic Research Office (AMRO) ASEAN+3 Quarterly Fiscal Bulletin.

Commodities

Strait of Hormuz transit will take ‘weeks’ to resume, largest tanker operator tells FT

SHIPOWNERS will not resume transit through the Strait of Hormuz for weeks until they are confident that the U.S.-Iran deal is "material", the chief executive of Japan's Mitsui O.S.K. Lines told the Financial Times in an interview published on Tuesday.

Markets

Australia central bank holds rates, warns hikes might not be over

SYDNEY: Australia's central bank held its cash rate steady at 4.35% on Tuesday, saying the economy was slowing in the face of tighter financial conditions but warned it might yet hike again if needed to control inflation.

Corporate News

LAC Med secures RM78.9mil supply contract to public hospitals in Kedah

KUALA LUMPUR: LAC Med Bhd has bagged a RM78.9mil contract for the supply of reagents with related items for pathology chemistry tests to 10 public hospitals under the Ministry of Health in Kedah.

Markets

FBM KLCI rises above 1,700 as rally resumes

KUALA LUMPUR: The FBM KLCI was up at midday, in line with a jump in Asian market valuations following the end of hostilities between the US and Iran, as well as the Bank of Japan's widely anticipated decision to hike its interest rate.

Corporate News

Elsa to grow digital technology, robotics, engineering segments after positive ACE Market debut

KUALA LUMPUR: Integrated oil and gas services and equipment (OGSE) provider Elsa Bhd aims to accelerate its growth in the digital technology, robotics, and engineering segments following an encouraging debut on Bursa Malaysia's ACE Market today.

Economy

Bank of Japan raises interest rates to 31-year high

TOKYO: The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.

Markets

Japan's Nikkei eases back from record high ahead of expected BOJ rate hike

TOKYO: Japan's Nikkei share average edged back from a record high on Tuesday as traders awaited an expected Bank of Japan interest rate hike later in the day.

Advertising & Media

Invictus Blue wins Digital Agency of the Year at digital marketing awards

KUALA LUMPUR: Invictus Blue was named Digital Agency of the Year at the d Awards 2026, organised by the Malaysian Digital Association (MDA).

Markets

Asia markets temper Iran deal optimism, BOJ decision in view

SINGAPORE: Asian stocks inched up on Tuesday after rallying on the previous session on news of a peace deal between Iran and the U.S., as investors turned their focus to several central bank decisions including an expected rate hike from the Bank of Japan.

Markets

Bursa pauses rally as traders assess developments

KUALA LUMPUR: The rally on Bursa Malaysia is taking a breather as investors took stock of developments after a peace deal was signed between the US and Iran ahead of a formal ceremony this Friday.

Forex

Ringgit opens higher against US$ on Fed rate hold expectations

KUALA LUMPUR: The ringgit opened higher against the US dollar on expectations that the US Federal Reserve (Fed) will keep interest rates unchanged amid easing inflation concerns and lower US Treasury yields.

Corporate News

Trading ideas: Kerjaya Prospek, Powerwell, Taghill, Mycron, OSK, Tanco, IJM, PetChem, Country Heights, Poh Kong, Astro

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

Commodities

Oil settles at three-month low after Trump says deal signed to end Iran war

HOUSTON: Oil prices settled down $4 a barrel to a three-month low on Monday after President Donald Trump said the United States and Iran have signed a memorandum of understanding aiming to end the Iran war and reopen the Strait of Hormuz.

Markets

Wall Street rallies, Dow ends with record on US-Iran deal, oil price slide

WALL Street rallied on Monday, with the Nasdaq climbing 3% and the Dow marking a record-high close after the United States and Iran struck a preliminary agreement to end the Middle East war and reopen the Strait of Hormuz, leading to an easing of inflation fears as crude oil prices dropped.

Corporate News

Country Heights CEO Mohd Rizal resigns

PETALING JAYA: Country Heights Holdings Bhd has announced that its chief executive officer (CEO), Mohd Rizal Zubair (55), has resigned "to pursue other personal interests."