Corporate News

Uzma, Mara formalise strategic collaboration to boost industry, talent development

KUALA LUMPUR: Uzma Bhd has formed a strategic collaboration with Majlis Amanah Rakyat (MARA) to establish a platform for both parties to work together across two key areas, namely business collaboration and capability development.

Markets

Utilities, financial stocks lead KLCI higher

KUALA LUMPUR: The FBM KLCI ended the early session higher as regional investors reacted positively to reports the US is making plans to free ships held up in the Strait of Hormuz blockade.

Economy

Malaysia must expand green finance, tech capacity - World Bank

KUALA LUMPUR: Malaysia must expand green finance, strengthen local tech capacity, as well as broaden participation across sectors and regions to fully leverage the global shift towards sustainability and turn climate risk into a competitive edge in green value chains.

Economy

Industrial products sector records RM128.3mil net foreign inflows

KUALA LUMPUR: The industrial products and services recorded net foreign inflows of RM128.3 million, followed by technology (RM114.2 million), and plantation (RM53.3 million) last week, according to MBSB Investment Bank Bhd (MBSB IB).

Corporate News

Feytech bags RM96.8mil Proton contract, expands Chery collaboration

KUALA LUMPUR: Feytech Holdings Bhd has bagged a RM96.8 mil seat cover supply contract for an upcoming Proton model, with production set to commence in due course.

Markets

Stocks gain in Asia, oil flat amid new Gulf proposals

SYDNEY: Shares edged higher while oil prices flatlined in Asia on Monday as investors drew comfort from signs of patchy progress in settling the Middle East conflict at the start of a week packed with earnings and key economic data.

Economy

West Asia situation to shape Malaysia's manufacturing performance - S&P Global

KUALA LUMPUR: Malaysia's manufacturing sector performance in the coming months will be partly shaped by how the situation in West Asia unfolds.

Economy

Asean+3 outlook softens despite unchanged growth forecast as oil risks rise - AMRO

KUALA LUMPUR: The ASEAN+3 growth outlook has effectively weakened despite an unchanged headline forecast as elevated oil prices and escalating West Asia tensions continue to raise downside risks to the regional economy, according to the ASEAN+3 Macroeconomic Research Office (AMRO).

Forex

Ringgit opens higher against US$ ahead of OPR announcement

KUALA LUMPUR: The ringgit opened higher against the US dollar on the first trading day of May, with the upcoming Bank Negara Malaysia (BNM) Monetary Policy Committee (MPC) meeting later this week, developments in the United States-Iran conflict and the release of the US non-farm payroll (NFP) data expected to set the tone for the market.

Markets

Bursa Malaysia rises as oil falls on US plan to free ships from Hormuz blockade

KUALA LUMPUR: Bursa Malaysia gapped up on Monday as oil prices retreated after US President Donald Trump signaled he could be attempting to free ships stranded in the Straits of Hormuz.

Commodities

Oil slips after Trump says US will help free ships stranded in Strait of Hormuz

SINGAPORE: Oil prices eased on Monday after U.S. President Donald Trump said the United States would begin an effort to free up ships stranded in the Strait of Hormuz, however the lack of a U.S.-Iran peace deal kept prices supported above $100.

Corporate News

Trading ideas: Chin Hin, Berjaya Assets, Coastal, Corpmate, KPS, Scanwolf, Landmark, Jaycorp, Country Heights, Pertama, Pasdec, CIMB, Bursa Malaysia, F&N, Texchem

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

Corporate News

IGB expands property, hospitality pipeline

PETALING JAYA: IGB Bhd is expecting its property development and hospitality businesses to contribute a larger portion to its revenue mix in 2026, underpinned by its continued sales in Southpoint Residences and the Visit Malaysia 2026 initiative.

Aviation

Air India CEO hunt narrows further

NEW DELHI: Singapore Airlines executive Vinod Kannan and Air India's commercial head Nipun Aggarwal are the two frontrunners to become the new chief executive officer (CEO) of Air India, two sources say.

Property

Guangzhou offers subsidies to support housing market

GUANGZHOU: Guangzhou will offer subsidies to residents who buy a new home and sell an existing one, as the southern Chinese metropolis moves to support housing demand and stabilise its property market.

Forex

Ringgit seen trading narrowly ahead of US data

KUALA LUMPUR: The ringgit is expected to trade within a narrow range this week, hovering between RM3.96 and RM3.98 against the US dollar ahead of key United States data.

Markets

Bursa Malaysia likely to trade range-bound

KUALA LUMPUR: Bursa Malaysia's benchmark index is expected to trade in a range-bound mode with a cautious bias within the 1,700 to 1,730 range this week.

Commodities

Oil giants warn supply crunch looms

AUSTIN: America's biggest oil companies are warning that global crude markets may be nearing an inflection point of higher prices the longer the Strait of Hormuz stays closed.

Corporate News

AI chipmaker Cerebras expected to target up to US$4bil in IPO

NEW YORK: Cerebras Systems Inc is seeking to raise as much as US$4bil in its initial public offering (IPO), according to sources, as demand for the artificial intelligence chipmaker and data centre operator's shares heats up.

Corporate News

Adani overhauls structure to boost growth

MUMBAI: Billionaire Gautam Adani's conglomerate unveiled plans to overhaul its operating model in an effort to cut decision-making time as it pushes for accelerated growth across businesses.