Latest

1d ago

Forex
China to advance RMB use, financial opening-up

China will further advance worldwide use of the renminbi over the next five years while remaining committed to maintaining currency stability, as part of broader efforts to enable the financial sector to better serve the real economy and promote high-standard opening-up, officials said on Thursday.
1d ago

Banking
Maybank completes acquisition of remaining interest in Maybank Ageas

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has completed the proposed acquisition of the remaining 30.95 per cent interest in Maybank Ageas Holdings Bhd after signing a share purchase agreement with Ageas Insurance International NV (Ageas) on Sept 8, 2026.
1d ago

Corporate News
Seng Fong expands into Ghana to support growth

KUALA LUMPUR: Seng Fong Holdings Bhd has acquired 51% equity interest in Rainbow Rubber Buying Center Ltd (RRBC), based in Ghana, for GHS280,500 (about RM100,500) as it expands its global reach to capture greater market share.
1d ago

Economy
Malaysia's wholesale, retail trade sales rise to RM170.5bil in July 2026

KUALA LUMPUR: Malaysia's wholesale and retail trade recorded sales of RM170.5 billion in July 2026, a nine per cent increase year-on-year (y-o-y), said the Department of Statistics Malaysia (DOSM).
1d ago

Markets
Rakuten Trade keeps end-2026 FBM KLCI target at 1,770, Budget 2027 key test

KUALA LUMPUR: Rakuten Trade Sdn Bhd is keeping its end-2026 Bursa Malaysia benchmark index FBM KLCI target at 1,770, underpinned by clearer earnings visibility from Malaysia's power and grid infrastructure spending.
1d ago

Corporate News
FBM KLCI sinks firmly below 1,700 as selling pressure accelerates

KUALA LUMPUR: The FBM KLCI made a decisive break below the 1,700 psychological level in the morning session as traders fled equities amid rising oil prices and US Treasury yields.
1d ago

Stock on the Move
Rubber glove counters rally on expectations of firmer selling prices

KUALA LUMPUR: Rubber glove counters dominated active trading in the morning session, with their share prices rallying amid rising crude oil prices.
1d ago

Markets
Global bonds buckle as surging oil prices inflame inflation risks

SYDNEY: Global bond yields spiked to new highs and sharemarkets slumped on Friday as soaring oil prices inflamed inflation risks, sending investors scrambling to price in more policy tightening from central banks across the globe.
1d ago

Markets
US 10-year yield flirts with 5% as higher oil, rate hike worries swirl

SINGAPORE: U.S. Treasuries fell on Friday, taking the yield on the benchmark 10-year note near the closely watched 5% level as surging oil prices fanned inflation angst while traders ramped up wagers on a rate hike from the Federal Reserve next week.
1d ago

Investment
Kenanga IB offers world's first Hang Seng Biotech Index structured warrants

KUALA LUMPUR: Kenanga Investment Bank Bhd has announced the world's first structured warrants linked to the Hang Seng Biotech Index (HSBIO) under its flagship brand, NagaWarrants by Kenanga.
1d ago

Commodities
Oil prices set to end week over US$100 for first time in nearly 4 months

SINGAPORE: Oil prices rose on Friday and both major benchmarks are on track to end the week at over $100 a barrel for the first time since mid-May, as increasing attacks along key shipping routes in the Middle East fuel fears of a prolonged disruption to supplies.
1d ago

Forex
Ringgit opens slightly lower against greenback on stronger US economic data

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar on Friday, weighed by stronger-than-expected US economic data which supported the greenback.
1d ago

Markets
Bursa Malaysia extends fall as inflationary risks mount

KUALA LUMPUR: Stocks on Bursa Malaysia slid further on Friday after the previous day's decline as surging oil prices raised inflationary risks and the growing likelihood of a US rate hike in September.
1d ago

Corporate News
Trading ideas: Paragon Globe, HE, AME Elite, New Hoong Fatt, IHH, Gamuda, Parkson, Cape EMS, LSH Capital, Country Heights, Techna-X, Alam Maritim, Bermaz Auto

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
1d ago

Markets
S&P 500 falls on rising yields, inflation fears

US stocks ended down on Thursday after producer price data for August and surging oil prices stoked worries the Federal Reserve will hike interest rates next week, while climbing Treasury yields made stocks less attractive.
1d ago

Commodities
Oil jumps over 6% on more tanker attacks

Oil prices jumped more than 6% on Thursday, with both major benchmarks trading at over US$100 a barrel as the biggest spike in attacks on shipping since the Iran war began fed worries among traders about further disruptions to already tight supplies.
1d ago

Corporate News
Mubadala backs China’s Luckin Coffee chain in US$1bil deal

Abu Dhabi wealth fund Mubadala Investment Co becomes a backer of Luckin Coffee Inc, China's biggest coffee chain.
1d ago

Economy
Chile’s central bank sees deeper slowdown

Chile's central bank cut its forecast for economic growth this year for the third time, just hours after the institution held its interest rate steady and warned a period of malaise may continue for longer than expected.
1d ago

Economy
US$100 Brent presents challenges

A potentially higher subsidy bill due to the recent rise in Brent crude oil prices can likely make it more difficult for Malaysia to achieve its fiscal consolidation targets.
1d ago

Economy
EU businesses want Asean FTA despite bilateral trade progress

European businesses are pushing the European Union (EU) to pursue a region-to-region free trade agreement (FTA) with Asean.