Corporate News

Quality Concrete subsidiary bags RM294.59mil contract for Mukah water supply system

KUALA LUMPUR: Quality Concrete Holdings Bhd said its subsidiary QC Construction & Engineering Sdn Bhd has accepted a RM294.59mil contract from the Sarawak Rural Water Supply Department for construction works for the proposed Mukah water supply system.

Corporate News

Hartanah Kenyalang bags RM42.79mil construction contract in Sarawak

KUALA LUMPUR: Hartanah Kenyalang Bhd has secured a RM42.79mil contract from Jaya GC Sdn Bhd for the construction of immigration post and quarters at Serikin, Bau, in Sarawak.

Banking

Bank Negara's international reserves at US$124.1bil as at Nov 28

KUALA LUMPUR: The international reserves of Bank Negara Malaysia (BNM) amounted to US$124.1 billion as at Nov 28, 2025, unchanged from Oct 31, 2025.

Aviation

Capital A expect to exit PN17 status by year-end

KUALA LUMPUR: Capital A Bhd expects to complete the consolidation of its aviation business to AirAsia X Bhd and exit Practice Note 17 (PN17) status by the end of this month.

Commodities

Felda proposes establishing national taskforce to develop oil palm carbon framework

GENTING HIGHLANDS: The Federal Land Development Authority (FELDA) has proposed the establishment a national task force led by the Ministry of Natural Resources and Environmental Sustainability to ensure that Malaysia develops a robust, transparent, and internationally recognised framework for oil palm-based carbon credits.

Markets

Bursa Malaysia remains lower at midday, KLCI down 0.54%

KUALA LUMPUR: Bursa Malaysia remained lower at midday today, with the benchmark index down 0.54 per cent, due to persistent selling in selected heavyweights, led by the financial services, telecommunications, and media sectors.

Corporate News

Geohan secures RM59mil contracts for Penang LRT project

KUALA LUMPUR: Geohan Corp Bhd has accepted two contracts from SRS LRT Sdn Bhd valued at a combined RM59mil for works related to the Penang Light Rail Transit (LRT) Mutiara line project.

Corporate News

MUI Properties to buy Ijok land for RM605mil

KUALA LUMPUR: MUI Properties Bhd (MUIP) has proposed to acquire eight parcels of freehold land in Mukim Ijok, Kuala Selangor, for approximately RM605mil in cash as part of its plan to expand its development landbank.

Corporate News

Geohan sets sights on Singapore to drive regional growth

KUALA LUMPUR: Geohan Corporation Bhd is prioritising its expansion into Singapore as it strengthens its regional presence following its Main Market debut.

Stock on the Move

DRB-Hicom shares up on revised US$110.62mil purchase price for Spirit MY

KUALA LUMPUR: DRB-Hicom Bhd's shares climbed in early trade on Friday after the group proposed acquiring the entire equity interest in Spirit Aerosystems Malaysia Sdn Bhd (Spirit MY) for US$110.62 million (US$1=RM4.1), higher than the previously estimated enterprise value of US$95.2 million.

Aviation

AirAsia X eyes second-tier cities and broader Europe-Central Asia connectivity next year

ISTANBUL: AirAsia X Bhd (AAX) aims to strengthen its global footprint by tapping into new markets, expanding its fleet, and exploring second-tier cities next year as international travel demand continues to climb.

Markets

Japan's Nikkei skids in subdued Asia as bets of rate hike grow

SYDNEY: Japan's Nikkei skidded on Friday, wiping out this week's gains amid an otherwise subdued Asian session, after weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike interest rates.

Commodities

Oil prices head for 2% weekly gain as Fed hopes boost market, Venezuela tensions loom

WTI OIL prices were heading for weekly gains of close to 2% in early trading on Friday, supported by an expected Federal Reserve interest rate cut, escalating U.S.-Venezuela tensions and stalled peace talks in Moscow.

Forex

Ringgit opens stronger at RM4.10 vs greenback

KUALA LUMPUR: The ringgit opened firmer on Friday at around RM4.10 to the US dollar, with improving fiscal conditions supporting investor sentiment toward the local currency.

Markets

Subdued trading on Bursa continues as traders await Fed rate decision

KUALA LUMPUR: Sentiment on the local stock market remains weak after two straight losing sessions as the final month of 2025 has provided few domestic trading catalysts.

Corporate News

Trading ideas: DRB-Hicom, Al-Aqar, Haily, Pharmaniaga, Gagasan Nadi, Paragon, Orkim, BMS, VS Industry, APB, Destini, MSC, Only World, HB Global, Jetson

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

Commodities

Oil settles up on expectations of Fed rate cut

Oil prices settled up on Thursday on investors' expectations for the Federal Reserve to cut interest rates, while stalled Ukraine peace talks tempered expectations of a deal restoring Russian oil flows.

Markets

Indices end near flat, supported by Fed hopes

US stocks closed near the unchanged mark on Thursday, as investors weighed a report on the labour market and other economic data, while equities drew support from elevated hopes for a Federal Reserve interest-rate cut next week.

Corporate News

ERB seeks merger with JPMorgan-backed rival multilateral lender

European Rearmament Bank (ERB), an initiative to create a state-backed lender for defence amid the region's worst conflict since World War Two, has proposed merging with a JPMorgan-backed rival to appeal to governments.

Economy

Data centres in Vietnam are transforming nation into high tech era

The data centre market in Vietnam is in the midst of explosive growth, evolving from a mere technical infrastructure to becoming a coveted high-tech real estate asset that attracts global investors, say experts.