Corporate News

Titijaya, Permodalan Negeri Selangor ink consortium agreement to undertake RM343mil housing project

KUALA LUMPUR: Property developer Titijaya Land Bhd's wholly owned subsidiary, NPO Builders Sdn Bhd has entered into a consortium agreement with PNSB Construction Sdn Bhd (PCSB) to undertake an affordable housing project in Selangor.

Markets

Bursa Malaysia posts slight gains at close on selective buying

KUALA LUMPUR: Bursa Malaysia ended marginally higher after trading within a narrow range, supported by selective buying that offset profit-taking activities.

Markets

HSS Holdings' ACE Market IPO 10.56 times oversubscribed

KUALA LUMPUR: HSS Holdings Bhd's issuance of 25 million new initial public offering (IPO) shares to the Malaysian public in conjunction with its listing on the ACE Market of Bursa Malaysia was oversubscribed by 10.56 times.

Corporate News

Capital A says no losses expected from Teleport, Big Pay notice of seizure

KUALA LUMPUR: Capital A Bhd has said that no losses are expected to result from the notice of seizure of its stakes in subsidiaries Big Pay and Teleport held via Move Digital Sdn Bhd by the Singapore Supreme Court.

Corporate News

Bermaz Auto's 4Q net profit jumps to RM46.62mil

KUALA LUMPUR: Bermaz Auto Bhd closed its financial year with a stronger final quarter even as the group projected lower growth prospects for the automative sector.

Corporate News

AIM to explore business development with Beijing ZhenHealth Tech

KUALA LUMPUR: Advance Information Marketing Bhd (AIM) is exploring a collaboration with AI-driven ophthalmic healthcare firm Beijing ZhenHealth Technology Co Ltd to facilitate their business development and market expansion efforts.

Investment

Forest City SFZ can exceed RM2bil investment target this year

ISKANDAR PUTERI: The Forest City Special Financial Zone (SFZ) has the potential to surpass its RM2 billion investment target this year, following the positive response received since its introduction.

Corporate News

Weststar Maxus, Yinson Greentech ink deal for 300 electric commercial vans

KUALA LUMPUR: Weststar Maxus Sdn Bhd and Yinson GreenTech's e-mobility business, drivEV, today signed a strategic agreement for the procurement of 300 units of the Maxus eDeliver 5 electric commercial van.

Corporate News

Wawasan QI's Kami Builders issues RM90mil SRI sukuk

KUALA LUMPUR: Kami Builders Sdn Bhd, a wholly-owned subsidiary of Wawasan QI Properties Sdn Bhd, has issued RM90mil in Tranche 1 SRI sukuk murabahah under its newly established RM300mil ASEAN Sustainability SRI Sukuk Programme.

Markets

Heavyweight stocks lift Bursa Malaysia, pare losses at midday

KUALA LUMPUR: Bursa Malaysia pared its losses at the lunch break as bargain hunting emerged in selected heavyweight stocks, led by Petronas Chemicals, Tenaga Nasional and Kuala Lumpur Kepong.

Economy

Assessing nature-related risks and opportunities

KUALA LUMPUR: Bank Negara in collaboration with the World Bank Group and the UN Development Programme Biodiversity Finance Initiative (UNDP BIOFIN) has released a report that examines the extent to which financial sector activities depend on, and impact nature.

Corporate News

Datuk Halipah Esa retires from SD Guthrie's sustainability and board tender committees

KUALA LUMPUR: SD Guthrie Bhd has announced the retirement of Datuk Halipah Esa from its board Sustainability Committee, as well as its Board Tender Committee, effective today.

Economy

B15 biodiesel rollout could east inflation, reduce fiscal burden - CGS International

KUALA LUMPUR: The government's initiative to roll out B15 biodiesel blends makes strategic sense as a cheaper feedstock can dampen domestic inflation and reduce fiscal costs, said CGS International Securities Malaysia Sdn Bhd.

Corporate News

i-City partners TwinMatrix on developing AI-enhanced experiential AI living

KUALA LUMPUR: I-Berhad via i-City is collaborating with Singapore-based TwinMatrix Technologies on selected experiential AI, avatar interaction and spatial intelligence concepts.

Stock on the Move

Tanco hits limit down for third straight day, prompts further IDSS suspension

KUALA LUMPUR: Tanco Holdings Bhd shares hit limit down for the third consecutive trading day today, prompting Bursa Malaysia to suspend intraday short-selling (IDSS) of the stock for a third straight session.

Markets

Japan's Nikkei recoups early losses as US signals end of Iran strikes

TOKYO: Japan's Nikkei share average slipped on Thursday as investors assessed developments in the U.S.-Iran conflict, but clawed back losses after Washington confirmed that its overnight strikes on multiple targets in Iran had concluded.

Markets

Shares retreat as techs extend losses, US strikes on Iran lift oil

SINGAPORE: Asian stocks fell on Thursday, weighed down by a Wall Street selloff after a hotter-than-expected U.S. inflation reading, while renewed U.S. strikes on Iran fuelled a rise in oil prices.

Markets

FBM KLCI falls as high US inflation data weighs on sentiment

KUALA LUMPUR: The FBM KLCI started lower on Thursday as the prospect of a more bullish US Federal Reserve to tackle rising inflation dampened investor sentiment for equities.

Forex

Ringgit opens higher against major currencies, eases vs US$

KUALA LUMPUR: The ringgit opened higher against major currencies today but eased marginally against the US dollar after stronger-than-expected United States inflation reinforced expectations that the Federal Reserve (Fed) could keep interest rates higher for longer.

Corporate News

Trading ideas: Rohas, OGX, ISF, Gamuda, Dayang, Ann Joo, ABMB, Maybank, Tune, Amway, Scientex

KUALA LUMPUR: Here are the announcements that made headlines in Corporate Malaysia.