Corporate News

Elsa shares close higher on ACE Market debut 

Elsa Bhd delivered a firm debut on Bursa Malaysia's ACE Market, wrapping up its first trading day almost 20% above its initial public offering (IPO) price.

Corporate News

UEM Sunrise gets investor for Aussie project

UEM Sunrise Bhd has secured an investor for its AU$315.4mil (RM903.3mil) build-to-rent (BTR) project in Collingwood, Melbourne via its wholly-owned subsidiary, UEM Sunrise (Collingwood Development) Pty Ltd.

Corporate News

Beshom in RM86mil Klang land disposal

Beshom Holdings Bhd is disposing of three plots of freehold industrial land measuring approximately 14.58 acres in Klang, Selangor, to JT Development Sdn Bhd for RM85.8mil.

Corporate News

Vantris to exit PN17 status tomorrow

Vantris Energy Bhd, formerly known as Sapura Energy Bhd, is set to be uplifted from its classification as a Practice Note 17 (PN17) company effective Thursday, June 18, 2026.

Corporate News

AI-ready DC marks MRCB diversification move

Malaysian Resources Corp Bhd (MRCB) is diversifying into the digital infrastructure sector through a collaboration to develop a RM2.1bil state-of-the-art, artificial intelligence (AI)-ready data centre (DC) facility in Bukit Jalil.

Forex

Ringgit closes lower against the greenback

The ringgit has closed lower against the US dollar as investors remain cautious following the Bank of Japan's (BoJ) decision to raise interest rates.

Corporate News

HexTech, Widad pull plug on RM31mil land deal

A proposed 10.4-acre land sale in Negri Sembilan worth RM31.3mil between Hextar Technologies Solutions Bhd (HexTech) and Widad Group Bhd has collapsed after nearly two years of negotiations.

Corporate News

MSMEs still resilient despite weaker sentiment index

The operational outlook among Malaysia's micro, small and medium enterprises (MSMEs) will remain resilient over the next six to 12 months, despite a weaker SME Sentiment Index reading for the first half of 2026 (1H26).

Markets

Heavyweight buying lifts Bursa Malaysia

Bursa Malaysia's key index has extended its rebound for a second consecutive day, closing more than 1% higher, as investor sentiment remains buoyant amid improving regional market conditions and sustained buying interest in heavyweight counters.

Banking

CIMB Islamic Bank bags two accolades

CIMB Islamic Bank Bhd has strengthened its position as a leading regional Islamic financial institution, securing two prestigious accolades at the 2026 The Banker Islamic Banking Awards, namely the Islamic Bank of the Year – Asia and Most Innovative Murabaha.

Forex

Ringgit closes lower against greenback on BOJ interest rate increase

KUALA LUMPUR: The ringgit closed lower against the US dollar on Tuesday as investors remained cautious following the Bank of Japan's (BOJ) decision to raise interest rates.

Corporate News

KPJ Healthcare to advance KPJ Health System, expand AI adoption in healthcare

KUALA LUMPUR: KPJ Healthcare Bhd will continue advancing its KPJ Health System following its strong financial year 2025 (FY2025) performance.

Corporate News

Vantris Energy to exit PN17 status on June 18

KUALA LUMPUR: Vantris Energy Bhd, formerly known as Sapura Energy Bhd, will no longer be classified as an affected listed issuer from June 18, 2026.

Corporate News

MRCB ventures into digital infrastructure with RM2.1bil data centre in Bukit Jalil

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) is entering a strategic collaboration with Perintis Akal Sdn Bhd, a unit of Pemandu Partners International PLT, to develop an AI-ready data centre facility in Bukit Jalil with an estimated gross development cost of RM2.1bil.

Corporate News

Scanwolf secures RM75mil substructure project in KL

KUALA LUMPUR: Scanwolf Corporation Bhd (SCB) has secured a RM75 million contract for piling and substructure works related to a 74-storey mixed development project in Jalan Pavilion, Kuala Lumpur.

Markets

Bursa Malaysia ends higher for second straight day on heavyweight buying

KUALA LUMPUR: Bursa Malaysia's key index extended its rebound for a second consecutive day, closing more than one per cent higher,yh as investor sentiment remained buoyant amid improving regional market conditions and sustained buying interest in heavyweight counters.

Corporate News

Beshom unit to dispose of Klang lands for RM85.8mil

KUALA LUMPUR: Beshom Holdings Bhd said its wholly-owned subsidiary Hai-O Enterprise Bhd has proposed to dispose of three plots of freehold industrial land measuring an aggregate of 58,994 sqm to JT Development Sdn Bhd in Klang, Selangor, for RM85.8mil.

Markets

SpaceX set to surpass Amazon's market cap as post-IPO rally continues

SHARES of Elon Musk's SpaceX rose more than 10% in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world's fifth-largest company, as it extended a post-IPO rally.

Corporate News

Allianz Malaysia shareholders approve all resolutions at AGM

KUALA LUMPUR: Allianz Malaysia Bhd's shareholders have approved all resolutions tabled at the group's 52nd annual general meeting (AGM) as the insurer marks its 25th anniversary this year.

Corporate News

UEM Sunrise secures investor for RM900mil Collingwood project

KUALA LUMPUR: UEM Sunrise Bhd via its wholly-owned subsidiary UEM Sunrise (Collingwood Development) Pty Ltd has secured an investor for its A$315.4mil (RM903.3mil) build-to-rent project in Collingwood, Melbourne.