Business

Company secretary fined RM50,000 for AMLA breaches, submitting false information

KUALA LUMPUR: A company secretary has been fined RM50,000 for anti-money laundering violations and for providing false information to the Registrar of Companies.

Forex

Ringgit rises as risk appetite returns on Strait of Hormuz assurances

KUALA LUMPUR: The ringgit strengthened against regional peers at the close as investors' risk appetite improved, underpinned by growing confidence in safe passage through the Strait of Hormuz.

Corporate News

Advancecon unit bags RM47.6mil Johor Corp infrastructure contract

KUALA LUMPUR: Advancecon Holdings Bhd's wholly-owned subsidiary, Advancecon Infra Sdn Bhd, has secured a RM47.58mil contract from Johor Corporation for infrastructure works in Johor.

Banking

Standard Chartered Malaysia names Mushahid Syed interim CEO as Mak steps down

KUALA LUMPUR: Standard Chartered Malaysia has appointed Mushahid Syed as interim chief executive officer and head of coverage, Malaysia, effective May 8, 2026, in addition to his role as chief financial officer (CFO).

Corporate News

Aumas Resources appoints Chong Tzu Khen as CEO

KUALA LUMPUR: Aumas Resources Bhd has appointed Chong Tzu Khen as its chief executive officer, effective May 1, 2026.

Corporate News

Exsim unit bags RM2.08 mil Maybank KLCC subcontract

KUALA LUMPUR: Exsim Hospitality Bhd's wholly-owned subsidiary, Exsim Concepto Sdn Bhd, has secured a RM2.08mil subcontract for interior and electrical works at Maybank KLCC.

Markets

Bursa Malaysia kicks off May strong on regional rally

KUALA LUMPUR: Bursa Malaysia kicked off May on a firm footing, closing at its intraday high in line with regional gains.

Retail

118 Mall to open in August with over 70% retail space committed

KUALA LUMPUR: 118 Mall, developed by PNB Merdeka Ventures Sdn Bhd, is set to open in August at the Merdeka 118 precinct, with more than 70% of its retail space already committed.

Energy

Oil rises as US-Iran deal remains elusive

SINGAPORE: Oil prices edged higher on Monday, supported by the absence of a U.S.-Iran peace deal that kept supplies constrained and prices above $100 a barrel.

Corporate News

IQ Group to retrench 37 as it shuts subsidiary’s manufacturing unit

KUALA LUMPUR: IQ Group Holdings Bhd will retrench 37 employees as it closes the manufacturing operations of its wholly-owned subsidiary, IQ Group Sdn Bhd (IQM), on May 5, 2026.

Corporate News

Cropmate's bank accounts partially released by MACC

KUALA LUMPUR: Cropmate Bhd said it was notified by its solicitor on May 1, 2026, that some of the group and its subsidiary's bank accounts have been partially released by the Malaysian Anti-Corruption Commission (MACC).

Commodities

Gold eases as inflation jitters, Iran war cloud US rate outlook

GOLD prices nudged lower in thin trade on Monday, weighed down by inflation worries that clouded the U.S. monetary policy outlook, while markets awaited developments in U.S.-Iran peace negotiations.

Economy

Indonesia's March trade surplus expands to US$3.32bil

JAKARTA: Indonesia's trade surplus of US$3.32 billion in March was larger than expected, despite a contraction in exports, as imports grew less than anticipated amid a weaker rupiah currency and Islamic holidays, official data showed on Monday.

Commodities

Malaysia to produce biodiesel blend with 15% palm oil from June

KUALA LUMPUR: Malaysia will begin producing biodiesel with a mix of 15% palm oil in June in an effort to lower diesel prices, the deputy prime minister said on Monday, as it grapples with elevated energy prices and supply constraints due to the Middle East conflict.

Aviation

Fernandes urges Malaysia to capitalise on West Asia crisis, rethink economic model

PUTRAJAYA: Malaysia should seize the ongoing West Asia crisis as an opportunity to rethink its economic model and enhance long-term growth, said Capital A Bhd chief executive officer Tan Sri Tony Fernandes.

Business

China-Asean partnership a model for global climate governance

GREEN economic collaboration between China and the Association of Southeast Asian Nations is proving to be a vital pathway for sustainable development, delivering tangible benefits to the region and offering a model for global climate governance, said Shi Zhongjun, secretary-general of the ASEAN-China Centre.

Corporate News

PETRONAS Gas to develop RGT-3 in Lumut, eyes joint development with partner

KUALA LUMPUR: Petronas Gas Bhd (PGB) received a notification letter from the Ministry of Economy on April 30, 2026, to develop the Third Regasification Terminal in Lumut, Perak (RGT-3) based on the floating storage and regasification unit (FSRU) concept.

Corporate News

Milolo to open five outlets in Peninsular Malaysia in two years

KUALA LUMPUR: Home-grown designer toy company Milolo Bhd aims to open five retail outlets in Peninsular Malaysia over the next two years.

Forex

Yen suddenly jumps, markets on alert for intervention

SINGAPORE: The yen suddenly jumped against the dollar in Asia trade on Monday, with traders on alert for another bout of intervention after Tokyo likely stepped into the market to shore up the Japanese currency last week.

Corporate News

PMW unit renews supply agreement for Sabah telco infrastructure projects

KUALA LUMPUR: PMW International Bhd said its wholly-owned subsidiary PMW Winabumi Sdn Bhd has renewed its long-standing concrete poles supply agreement with CTS Horizon Sdn Bhd.