Star Biz7

Super scheme blows the roof off

As the Trump administration stalls federal funding for projects intended to make states more resilient to climate change and private insurers decline to cover properties in high-risk zones, North Carolina just proved there's another way to fund disaster preparedness: a US$600mil catastrophe bond (cat bond) that rewards homeowners and their insurer for installing "super roofs."

Insight

Stemming the AI takeover

Artificial intelligence (AI) should adapt to humans, and humans should not have have to adapt to technology, a panelist at a technology forum says.

Insight

Decent 3Q25, but a challenging 2026 awaits

The just-ended third quarter of financial year 2025 (3Q25) reporting season must be one of the better quarters in recent times, with more hits than misses, largely due to the corrective and adjusted earnings expectations that has already been built into the current year's forecast.

Insight

ARM-ing for the future

Sometimes, the show just must go on. Irrespective of any political changes, well-thought through policies and agreements need to be seen through for the good of the country.

Short Position

GEAR-uP needs a transparency tune-up

Globally, whenever government-led investment schemes take off, many get worried.

Star Biz7

Majuhome  — built to last

The furniture industry is facing increasing challenges today, shaped by shifting cultural trends, rapidly advancing technologies and global economic uncertainty.

Star Biz7

China’s slow stock rally gains investor trust

Fund managers are picking Chinese industrial stocks and holding volatile tech shares, betting a two-year-old equities rally can withstand an economic rough patch, as valuations and steady returns lure foreign investors back.

Star Biz7

Casino home run for Cohen

Hedge fund titan. Movie character. Art collector. Sports team owner. And possibly soon, casino boss.

Short Position

Telcos pay for DNB’s misfire

The government's decision to exit Digital Nasional Bhd (DNB) and compel three telecommunication companies (telcos) to buy out its stake is not surprising.

Commodities

Oil climbs on Fed rate-cut signals, supply concerns

Oil prices edged up nearly 1% to a two-week high on Friday on increasing expectations the US Federal Reserve will cut interest rates next week, which could boost economic growth and energy demand, as well as geopolitical uncertainty that could limit supplies from Russia and Venezuela.

Markets

Wall St ends higher as data keeps Fed cut hopes intact

US stocks closed out the trading week with slight gains on Friday as the latest flurry of economic data kept elevated expectations for a Federal Reserve interest-rate cut next week intact.

Markets

Wall St Week Ahead: Spotlight on Powell's rate guidance

The Federal Reserve meeting next week is expected to be one of its most contentious in years, and investors are focused on how divided policymakers are over an expected interest-rate cut and what chair Jerome Powell signals about the path ahead.

Corporate News

Genting unit lodges RM5bil unrated MTN programme with SC

KUALA LUMPUR: Genting Bhd's (Genting) unit, Genting Vista Bhd, has made a lodgement with the Securities Commission Malaysia (SC) under the Lodge and Launch Framework (LOLA Guidelines) for the establishment of an unrated medium-term notes (MTN) programme with a nominal value of RM5.0 billion.

Markets

SC gives nod to Sunway Healthcare's Bursa Main Market listing

KUALA LUMPUR: The Securities Commission Malaysia (SC) has approved the proposed listing of Sunway Healthcare Holdings Bhd (SHH) on the Main Market of Bursa Malaysia Securities Bhd.

Corporate News

Evergreen Max unit secures RM50mil short-term credit facility from Bank Islam

KUALA LUMPUR: Evergreen Max Cash Capital Bhd's (EMCC) wholly owned subsidiary Evergreen Cahaya Holdings Sdn Bhd (ECH) has secured a RM50 million short-term revolving credit facility from Bank Islam Malaysia Bhd.

Corporate News

Ancom Nylex inks RM76.8mil deal to dispose of 50% stake in new unit formed under restructuring

PETALING JAYA: Ancom Nylex Bhd's wholly-owned subsidiary Nylex Holdings Sdn Bhd has entered into a non-binding term sheet deal with Topnext International Company Ltd to dispose of up to 50% equity interest in Maxlive Sdn Bhd.

Forex

Ringgit extends gains to close higher as US rate cut expectations stay elevated

KUALA LUMPUR: The ringgit extended its gains to close marginally higher against the greenback on Friday, as expectations of an interest rate cut next week by the US Federal Reserve (Fed) stayed elevated.

Corporate News

Gadang sells Selangor land for RM2.5mil

PETALING JAYA: Gadang Holdings Bhd's wholly owned subsidiary, Crimson Villa Sdn Bhd, is selling a freehold land in Semenyih, Selangor, to Trans Loyal Development Sdn Bhd for RM2.5mil cash.

Markets

Stocks rise, dollar wilts as investors strap in for Fed rate cut

LONDON: Global shares rose on Friday, heading for a second week of gains, ahead of a key read of U.S. inflation that investors are confident will not prevent the Federal Reserve from cutting rates next week, which weighed on the dollar and boosted gold.

Markets

Bursa Malaysia ends lower as investors eye US data, BOJ decision

KUALA LUMPUR: Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve's (Fed) interest rate decision next week.