Corporate News

LSH Capital gets nod for Bandar Malaysia-Seri Kembangan expressway

PETALING JAYA: Lim Seong Hai Capital Bhd (LSH Capital) said the Malaysian government has agreed in principle to the proposed Bandar Malaysia-Seri Kembangan Expressway (BSE), paving the way for the project to be developed under a privatisation arrangement based on a build-operate-transfer model.

Corporate News

Tokyo court dismisses IHH unit's claims against Daishi Sankyo

KUALA LUMPUR: The Tokyo District Court has dismissed all claims brought by IHH Healthcare Bhd's indirect wholly-owned subsidiary Northern TK Venture Pte Ltd (NTK) against Japanese pharmaceutical company Daiichi Sankyo Company Ltd.

Corporate News

Techna-X appoints Tunku Kamariah as deputy chairman

KUALA LUMPUR: Techna-X Bhd has appointed Tunku Kamariah Aminah Maimunah Iskandariah Sultan Iskandar as its executive director and deputy chairman, effective today.

Corporate News

Paragon Globe unit bags RM45.16mil data centre contract

KUALA LUMPUR: Paragon Globe Bhd said its wholly-owned subsidiary PGBG Construction Sdn Bhd has secured a contract valued at about RM45.16mil from a data centre operator for the earthworks and retaining walls of a data centre in Johor.

Corporate News

Cape EMS unit partners Helios to distribute BESS in Europe, Asia Pacific

KUALA LUMPUR: Cape EMS Bhd said its wholly-owned subsidiary Cape Renewables Sdn Bhd has inked a collaboration with Helios PV (Asia Pacific) Pte Ltd to distribute Malaysian-assembled residential Battery Energy Storage Systems (BESS) across Europe and the Asia-Pacific region.

Corporate News

Alam Maritim operations continue as usual despite CEO facing ship charter rate fraud charges

KUALA LUMPUR:  Alam Maritim Resources Bhd's group managing director and group chief executive officer Datuk Azmi Ahmad has been placed on leave, while the company assured that its operations will continue as usual with no disruption.

Forex

Ringgit firmer against US$ ahead of CPI data

KUALA LUMPUR: The ringgit closed marginally higher against the US dollar on Thursday despite elevated crude oil prices and expectations of a possible US interest rate hike, as investors looked ahead to the release of US consumer price index (CPI) data on Friday.

Corporate News

Gamuda JV delivers southern part of M1 Pacific Motorway extension to Raymond Terrace

KUALA LUMPUR: Gamuda Bhd's joint venture with infrastructure and transport contractor John Holland has officially delivered the M1 Pacific Motorway extension to Raymond Terrace: Black Hill to Tomago package for Transport for NSW (TfNSW) ahead of schedule.

Markets

S&P 500, Dow futures attempt recovery ahead of inflation report

FUTURES tracking the Dow and the S&P 500 indexes attempted a recovery after a three-day slide, as investors cautiously returned to equities ahead of inflation data later on Thursday.

Markets

Bursa Malaysia ends lower as widening Middle East conflict weighs on sentiment

KUALA LUMPUR: Bursa Malaysia finished lower on Thursday, along with other regional markets, as the widening war in West Asia and high oil prices weighed on sentiment.

Corporate News

Bermaz Auto's 1Q earnings jump to RM40.51mil on Mazda sales

KUALA LUMPUR: Bermaz Auto Bhd secured a stronger bottomline in the first quarter of its financial year (1QFY27) ended July 31, 2026, on the back of higher sales from its Mazda domestic operations.

Corporate News

AME Elite to acquire 176.5 acres in JS-SEZ for RM199.8mil

KUALA LUMPUR: AME Elite Consortium Bhd has added 176.5 acres of freehold land in Jeram Batu, Pontian, to its landbank for RM199.8mil cash as it seeks to capitalise on the growth of foreign and domestic direct investments flowing into Johor.

Investment

FIMM publicly reprimands three former UTs, PRS consultants for misconduct

KUALA LUMPUR: The Federation of Investment Managers Malaysia (FIMM) recently reprimanded three former unit trust scheme (UTS) and private retirement scheme (PRS) consultants for misconduct and breaches of FIMM's Consolidated Rules (FCR).

Markets

ACE Market-bound SLGC aims to raise RM29.4mil via IPO

KUALA LUMPUR:  Construction services firm SLGC Bhd aims to raise RM29.4 million through an initial public offering (IPO) ahead of its planned listing on the ACE Market of Bursa Malaysia on Oct 6.

Commodities

Malaysia's total palm oil stocks rise 7.48% to 2.82mil tonnes in August - MPOB

KUALA LUMPUR: Malaysia's total palm oil stocks rose by 196,590 tonnes, or 7.48 per cent, to 2.82 million tonnes in August 2026 from 2.62 million tonnes a month earlier, according to the Malaysian Palm Oil Board (MPOB).

Markets

Bursa Malaysia remains lower at midday amid external headwinds

KUALA LUMPUR: Bursa Malaysia remained lower at midday, weighed by continued selling pressure amid heightened geopolitical tensions in West Asia, elevated crude oil prices and higher US Treasury yields.

Economy

Building Cost Index falls in Peninsular Malaysia, rises in Sabah, Sarawak in August - DOSM

KUALA LUMPUR: The Building Cost Index (BCI) with steel bars declined by between 0.1 per cent and 1.1 per cent across building categories and regions in Peninsular Malaysia in August 2026 compared with the previous month, said the Department of Statistics Malaysia (DOSM).

Corporate News

HE Group unit secures RM25mil contract for power distribution system works

KUALA LUMPUR: HE Group Bhd said its wholly-owned subsidiary Hexatech Engineering Sdn Bhd has accepted a RM25mil purchase order for power distribution system works for a manufacturer involved in the assembly, testing and packing of NAND flash memory products in Malaysia.

Property

Malaysia property market remains resilient with RM105.12bil transactions in 1H 2026 - Amir Hamzah

KUALA LUMPUR: Malaysia's property market remained resilient, recording 187,320 transactions worth RM105.12 billion in the first half of 2026 (1H 2026), Finance Minister II Datuk Seri Amir Hamzah Azizan said.

Corporate News

Nvidia plans major expansion of data centre capacity in Australia to meet AI demand

SYDNEY: Nvidia said on Thursday it was planning an expansion of data centre computing capacity in Australia that would more than double the nation's current load through partnerships with local firms.