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Forex
Ringgit extends gains, closes higher vs US$
KUALA LUMPUR: The ringgit extended its gains on Friday, closing higher against the US dollar as uncertainty surrounding the conflict in West Asia weighed on the greenback.
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Corporate News
TMK Chemical proposes to acquire CCM for RM920mil from Batu Kawan
PETALING JAYA: TMK Chemical Bhd has proposed acquiring Chemical Company of Malaysia Bhd (CCM) from Batu Kawan Bhd (BKB) for an indicative RM920mil.
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Corporate News
Lotte Chemical Titan's Indonesian subsidiary accepts RM1.2bil loan from Lotte Chemical Corp
PETALING JAYA: Lotte Chemical Titan Holding Bhd's (LCT) 51% owned subsidiary, PT Lotte Chemical Indonesia (LCI), has accepted a loan of KRW451.74bil (about RM1.2bil) from Lotte Chemical Corp (LCC).
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Corporate News
EquitiesTracker aims to raise RM7.81mil via private placement
PETALING JAYA: EquitiesTracker Holdings Bhd (ETH) plans to raise up to RM7.81mil in capital through a private placement to fund the expansion of its fund management business and strengthen its financial position.
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Corporate News
Sum Tech's unit inks RM20.46mil clean room contract
PETALING JAYA: Sum Technology Bhd's unit, Sum Technic Sdn Bhd, has secured a RM20.46mil contract from K Test Malaysia Sdn Bhd to design and build a Class 100K, ISO 8-certified clean room facility at the latter's Ipoh Pengkalan plant in Perak.
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Aviation
MAG president and group CEO Capt Nasaruddin appointed to IATA governing board for 3-year term
KUALA LUMPUR: Malaysia Aviation Group (MAG) president and group chief executive officer Captain Nasaruddin A. Bakar has been appointed to the board of governors of the International Air Transport Association (IATA) during its 82nd annual general meeting in Rio de Janeiro, Brazil.
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Corporate News
Scanwolf bags RM21mil contract for factory construction works in Klang
KUALA LUMPUR: Scanwolf Corp Bhd said its wholly-owned subsidiary has accepted a RM21mil contract from Sg Besi Construction Sdn Bhd for the foundation works of a nine-storey strata factory block in Bukit Raja, Klang, for Armani Maker Alliance Sdn Bhd.
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Corporate News
Reach Ten secures strategic investment in SpaceX
KUALA LUMPUR: Reach Ten Holdings Bhd has invested US$1mil (about RM4mil) in Space Exploration Technologies Corp (SpaceX) via a fund managed by Alta Fund Management.
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Corporate News
Bursa Malaysia issues UMA query to Paragon Union after share price falls
KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an Unusual Market Activity (UMA) query to Paragon Union Bhd following a sharp fall in the company's share price today.
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Corporate News
Silver Ridge unit scores RM11.39mil construction contract
KUALA LUMPUR: Silver Ridge Holdings Bhd's wholly-owned subsidiary Ingress Delta Construction Sdn Bhd has secured an RM11.39mil contract from Sunway Geotechnics (M) Sdn Bhd to provide sub-contract works for a multi-storey, park and ride (MPSR) and perimeter circulation road for the RTS link project, and to build a retail podium and mixed-use development in Bukit Chagar, Johor Bahru.
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Economy
Singapore launches Standards and Conformance 2035 roadmap to boost global competitiveness
SINGAPORE: Singapore has unveiled the Standards and Conformance (S&C) 2035 roadmap to guide businesses in competing and growing in an increasingly complex global environment.
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Property
Sime Darby Property's Elmina Lakeside Mall bags gold at FIABCI awards
KUALA LUMPUR: Sime Darby Property Bhd won the World Gold Award under the retail category for Elmina Lakeside Mall at the 2026 FIABCI World Prix d'Excellence Awards held in Vienna, Austria.
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Markets
Japan's Nikkei ends nearly 3% higher on renewed hopes for Middle East peace
TOKYO: Japan's Nikkei share average ended nearly 3% higher on Friday, as investors scooped up stocks after U.S. President Donald Trump touted a possible peace deal with Iran.
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Economy
IPI up 8.2% in April 2026, bolstered by broad-based growth
KUALA LUMPUR: The Industrial Production Index (IPI) expanded by 8.2 per cent year-on-year (y-o-y) in April 2026, marking the highest growth registered since September 2022, bolstered by the expansion across all sectors, according to the Department of Statistics Malaysia (DOSM).
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Corporate News
GWM Malaysia confident of sustaining double-digit growth momentum by end-2026
KUALA LUMPUR: GWM Malaysia is targeting double-digit growth by the end of 2026, building on its strong performance last year, when sales surged 177 per cent to nearly 5,900 units from 2,128 units in 2024.
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Economy
Malaysia's April manufacturing sales rise 9.1% on strong E&E growth
KUALA LUMPUR: Malaysia's manufacturing sales value rose 9.1 per cent year-on-year (y-o-y) to RM175.0 billion in April 2026, according to the Department of Statistics Malaysia (DOSM).
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Commodities
Oil extends losses as Trump calls off planned strikes on Iran
SINGAPORE: Oil prices fell over $1 on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week.
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Corporate News
Mesiniaga renews licence subscription contract with Maybank
KUALA LUMPUR: Mesiniaga Bhd has inked a three-year renewal of licence subscription agreement with Maybank Shared Services Sdn Bhd valued at RM43.28mil.
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Markets
FBM KLCI ends early session slightly higher as Asian markets rally
KUALA LUMPUR: The FBM KLCI pared gains as it entered the midday break even as global stocks continued to rally on expectations of a peace deal between the US and Iran.
