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Auto
Fuel and price volatility spur shift towards EVs
JAKARTA: Rising global energy prices triggered by the United States and Israel war on Iran are accelerating Indonesia's shift towards electric vehicles (EVs)
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Corporate News
Strong exposure to high-growth sectors a boon for MN Holdings
PETALING JAYA: Analysts are positive on MN Holdings Bhd's prospects, as the group is fast gaining an edge in time-critical data centre (DC) tenders, securing delivery of 275kV transformers which are in short supply and have long lead times earlier than its peers, backed by long-standing supplier relationships.
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Corporate News
Mudajaya wins appeal in fund misappropriation case
PETALING JAYA: Mudajaya Group Bhd has achieved a favourable outcome at the Court of Appeal in its long-running fund misappropriation case against former employee Michael Chua Khian Keng, with the compensation award raised to RM72.2mil from RM43.5mil previously granted by the High Court.
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Corporate News
UOA Development terminates agreement for Komune Care Centre
PETALING JAYA: UOA Development Bhd has terminated the shareholder agreement it had with Care Concierge Care Centre Sdn Bhd (CCCC), it said yesterday in a filing with Bursa Malaysia.
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Corporate News
MRCB completes RM1.58bil Bukit Jalil Sentral property acquisition
KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) has completed its proposed acquisition of Bukit Jalil Sentral Property Sdn Bhd (BJSP) after settling the remaining purchase consideration of RM1.42 billion in cash.
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Corporate News
Genting unit launches US$1.5bil note buyback to refinance debt
KUALA LUMPUR: Genting Bhd's indirect wholly-owned unit, GOHL Capital Limited, has launched a conditional tender offer to repurchase its outstanding US$1.5bil of its 4.25% guaranteed notes due 2027 as part of a refinancing exercise.
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Corporate News
ES Sunlogy’s secures LOA valued at RM107.5mil
PETALING JAYA: ES Sunlogy Bhd's wholly-owned subsidiary, Savelite Engineering Sdn Bhd, has accepted a letter of award (LOA) from China State Construction Engineering (M) Sdn Bhd valued at RM107.5mil.
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Corporate News
Lotte Chemical Titan inks RM103.7mil naphtha deal with Indonesian unit amid supply risks
KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCTH) has entered into a US$25.3mil (RM103.7mil) related party transaction involving the sale of naphtha to its Indonesian subsidiary to ensure feedstock continuity amid geopolitical disruptions.
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Banking
UOB facilitates over RM18bil FDI into JS-SEZ since 2024
KUALA LUMPUR: United Overseas Bank (M) Bhd (UOB Malaysia) has facilitated more than RM18bil in foreign direct investment (FDI) flows into the Johor-Singapore Special Economic Zone (JS-SEZ) since 2024, underscoring growing investor interest in the cross-border initiative.
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Forex
Ringgit ends marginally lower vs US dollar
KUALA LUMPUR: The ringgit ended marginally lower against the US dollar on Monday, remaining in a tight range as markets kept a close watch on developments in West Asia.
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Corporate News
iCents launches Maytech cleanroom unit with RM15mil investment
PETALING JAYA: iCents Group Holdings Bhd has launched its wholly-owned subsidiary, Maytech Cleanroom Manufacturing Sdn Bhd, at its facility in Mantin, Negeri Sembilan.
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Corporate News
A1 acquires land in Selangor for RM17mil to set up regional office
PETALING JAYA: A1 A.K. Koh Group Bhd (A1) is proposing to acquire a parcel of 99-year leasehold land measuring approximately 1.01 acres in Pekan Puchong Jaya, Selangor, from Qualitypack Properties Sdn Bhd for RM16.73mil.
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Corporate News
MPay wins RM270,270 mobile contract
PETALING JAYA: Managepay Systems Bhd (MPay) has secured a letter of award from Penang Port Sdn Bhd (PPSB) worth RM270,270, to render the services of design, development, supply, configuration, testing, integration, commissioning, and maintenance of PPSB's mobile application hosted in the cloud.
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Corporate News
Destini secures RM4.4mil contract for MRO services
PETALING JAYA: Destini Bhd's subsidiary, Trovon Malaysia Sdn Bhd has bagged a RM4.4mil contract from CRRC Rolling Stock Center (Malaysia) Sdn Bhd for the maintenance, repair, and overhaul (MRO) of 13 Diesel Multiple Unit (DMU) trainsets.
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Corporate News
Varia subsidiary bags RM293mil job
PETALING JAYA: Varia Bhd has secured a RM293.3mil sub-contract for sewerage infrastructure works in Pasir Gudang, Johor, through its wholly owned unit, Pembinaan Teguh Maju Sdn Bhd.
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Markets
FBM KLCI edges higher as strong trade data amid Middle East jitters
KUALA LUMPUR: The FBM KLCI finished higher on Monday, even as renewed U.S.-Iran tensions and fading hopes for a Middle East peace deal kept investors cautious.
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Forex
Dollar pushes to one-week high as US-Iran tensions reignite
SINGAPORE/TOKYO: The U.S. dollar rose to its highest level in a week against major currencies on Monday before paring gains as renewed U.S.-Iran tensions and fading hopes for a Middle East peace deal sent investors toward safe havens.
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Nation
RM5bil financing guarantee among new govt measures to support SMEs
PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim announced a series of immediate measures as part of efforts to ease cost pressures on small and medium enterprises (SMEs).
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Business
SC and Bursa Malaysia introduce MY Value Up Programme
PETALING JAYA: The Securities Commission Malaysia (SC) and Bursa Malaysia have introduced the MY Value Up Programme - a collaborative initiative to support Malaysian public-listed companies (PLCs) in elevating their long‑term value creation and transforming into globally attractive investment propositions.
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Aviation
AirAsia tests market with Deutsche-led US$230mil private debt
DEUTSCHE Bank AG is marketing a US$230 million private-credit deal for Malaysian budget airline AirAsia Aviation Group, according to people familiar with the matter, testing investor demand for the carrier amid rising fuel prices.
