Business

SC hosts inaugural Asean sustainability summit to strengthen regional resilience

PETALING JAYA: The Securities Commission Malaysia (SC) has hosted the inaugural ASEAN Regulatory Sustainability Summit aimed at strengthening the region's resilience against emerging economic and sustainability pressures.

Banking

Indian central bank likely intervenes to defend rupee as oil prices climb, traders say

MUMBAI: The Reserve Bank of India likely intervened in the foreign exchange market on Friday to limit the rupee's fall as a run-up in oil prices and U.S. bond yields pressured the currency, three FX traders at banks and one at an FX brokerage told Reuters.

Auto

BYD Malaysia reconsiders local manufacturing strategy

PETALING JAYA: BYD Malaysia has confirmed that it will not proceed with plans to establish a completely knocked-down (CKD) assembly plant in Tanjung Malim, Perak, according to a report by Harian Metro.

Commodities

Gold on track for third straight weekly loss as US inflation data looms​‌

GOLD prices headed for a third consecutive weekly fall, despite edging higher on Friday, as market expectations for a Federal Reserve interest rate hike strengthened, while traders awaited a key U.S. inflation report later in the day.

Economy

Asia confronts fresh inflation, fiscal threats as oil tops $100

ASIA's economies will face a fresh test of resilience after oil again crossed the $100 threshold, with inflation running hot and fiscal and monetary policy already tight.

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.

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.

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.

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).

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.