Corporate News

DRB-Hicom finalises US$110.62mil Spirit AeroSystems Malaysia buy

KUALA LUMPUR: DRB-Hicom Bhd has finalised the estimated purchase consideration for its planned acquisition of Spirit AeroSystems Malaysia Sdn Bhd, valuing the deal at US$110.62mil (RM454.87mil).

Corporate News

Al-Aqar REIT sells KPJ Healthcare College building for RM12mil

PETALING JAYA: Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) is disposing of the building being operated by KPJ Healthcare College in Bandar Bukit Mertajam, Penang, to Icon Square Sdn Bhd for RM12mil.

Markets

Bursa Malaysia publicly reprimands, fines, suspends Hazni Othman for misconduct, violation of rules

KUALA LUMPUR: Bursa Malaysia has publicly reprimanded, imposed a fine of RM48,000 and suspended Hazni Othman for five months as a registered person of Bursa Malaysia for engaging in manipulative trading activities of Hap Seng Consolidated Bhd shares. 

Corporate News

Mulpha International’s CEO retires

PETALING JAYA: Mulpha International Bhd's chief executive officer (CEO) Gregory David Shaw has announced his retirement, with effect from Dec 5.

Corporate News

BMS Holdings posts RM5.4mil profit ahead of ACE Market debut

KUALA LUMPUR: BMS Holdings Bhd, which is set to debut on the ACE Market of Bursa Malaysia on Dec 8, reported a net profit of RM5.4mil in the first quarter ended Sept 30 (1Q26), representing a profit after tax (PAT) margin of 6.36%.

Forex

Ringgit surges to 4.11 against greenback, highest in four years and five months

KUALA LUMPUR: The ringgit surged to 4.11 against the greenback at the close on Thursday, hitting a new high in almost four and a half years, as weaker economic data in the United States continued to heighten expectations of a cut in US interest rates.

Markets

No changes to KLCI in FTSE Bursa Malaysia’s December index review

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) will see no constituent changes in the December 2025 semi-annual review, FTSE Russell and Bursa Malaysia said in a joint statement.

Corporate News

VS Industry reports flat 1Q26 net profit

PETALING JAYA: VS Industry Bhd began its financial year 2026 (FY26) with a flat net profit in the first quarter, amid a drop in revenue and a higher tax expense.

Corporate News

Pharmaniaga acquires property in Sabah for RM26mil

PETALING JAYA: Pharmaniaga Bhd is acquiring a single storey factory with a two-storey office within the Kota Kinabalu Industrial Park in Sabah from Yang Guang Furniture (Sarawak) Sdn Bhd, for RM26mil.

Corporate News

Haily bags RM42.85mil housing contract in Johor

PETALING JAYA: Haily Group Bhd has secured a RM42.85mil construction contract to build 187 double-storey terrace houses and a Tenaga Nasional Bhd (TNB) substation in Bandar Putra, Senai, Johor.

Markets

United Asiapac Energy Bhd eyes ACE Market listing

PETALING JAYA: United Asiapac Energy Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.

Corporate News

Paragon Globe to dispose of land in Johor for RM64mil

PETALING JAYA: Paragon Globe Bhd is disposing of a parcel of freehold land measuring 5.4451 hectares in Johor Baru to GSP Automotive Malaysia Sdn Bhd for RM64.47mil.

Markets

FBM KLCI stays in the red as ringgit strengthens to RM4.10

KUALA LUMPUR: The FBM KLCI extended its decline for a second day, while the ringgit continued its upward momentum against the US dollar.

Commodities

Gold slips as investors turn cautious ahead of Fed meeting

GOLD dipped on Thursday as investors booked profits and turned cautious ahead of next week's U.S. Federal Reserve meeting, awaiting data for clearer cues on the central bank's interest rate outlook.

Energy

Oil gains after Ukraine hits Russian oil infrastructure, stalled peace talks

NEW DELHI: Oil prices firmed on Thursday after Ukrainian attacks on Russia's oil infrastructure signalled potential supply constraints, and stalled peace talks tempered expectations of a deal restoring Russian oil flows to global markets, though weak fundamentals kept gains limited.

Forex

Asian currencies slump, Philippine peso down as dollar edges higher

ASIAN currencies weakened on Thursday as growing economic uncertainty pushed investors towards perceived safer havens, with the Philippine peso sliding to a more than two-week low, while South Korean shares led regional equities lower.

Cryptocurrency

Bitcoin miners hunted after stealing US$1bil of electricity from Malaysian grid

In Malaysia's illegal crypto mining hotspots, the hunt begins in the sky.

Property

Majestic Gen buys RM75mil land in Penang from Paramount SPV

GEORGE TOWN: Majestic Gen Sdn Bhd has acquired three adjoining parcels of freehold land along Jalan Anson here for RM75 million.

Corporate News

Gagasan Nadi Cergas gets shareholder nod for RM127mil takeover of student hostel concessionaire

KUALA LUMPUR: Gagasan Nadi Cergas Bhd has secured approval from shareholders to acquire a 69.4 per cent stake in Konsortium PAE Sepakat Sdn Bhd (KPSSB), a concessionaire that manages student hostels, for RM127.3 million.

Property

Property market bracing for big overhaul in China

CHINA's real estate sector, a key engine of the world's second-largest economy for decades, will be transformed significantly in the next five years, from being positioned as a growth pillar to one that prioritizes comprehensive living standards, analysts said.