Markets

FBM KLCI ends flat amid mixed investor interest

The FBM KLCI struggled for direction yesterday, swinging between gains and losses before ending flat, while the ringgit weakened against both the US and Singapore dollars.

Corporate News

KLK reassigns Lee Jia Zhang as CEO from Oct 1

Kuala Lumpur Kepong Bhd (KLK) has redesignated its chief operating officer (COO) Lee Jia Zhang to the position of chief executive officer (CEO), with effect from Oct 1.

Corporate News

Bursa reprimands Techna-X over listing breach

Bursa Malaysia Securities Bhd has publicly reprimanded Techna-X Bhd for breaching the Bursa Malaysia Securities Main Market Listing Requirements.

Corporate News

Parkson renews China tenancy for RM111mil

Parkson Holdings Bhd's 54.97%-owned subsidiary Parkson Retail Group Ltd (PRGL) has renewed the tenancy of its retail property in Nanchang, China, for 15 years in a transaction valued at about 185 million yuan, or about RM111mil.

Corporate News

MN Holdings to ride power infrastructure wave

Malaysia's power infrastructure buildout is accelerating faster than initially expected, and MN Holdings Bhd (MNH) is well-positioned to ride this multi-year investment wave, underpinned by its direct exposure to the data centre (DC), solar, and Tenaga Nasional Bhd's (TNB) spending upcycle.

Corporate News

Zetrix AI: Proposed MYEG Ventures stake acquisition commercially viable

KUALA LUMPUR: Zetrix AI Bhd announced that the proposed acquisition by Philippine-based corporate entity IPVG Employees Inc of a 50 per cent equity interest in MYEG Ventures Inc is commercially viable.

Economy

From Nike to Starbucks, tariff relief for stocks is fleeting

America's top retailers and manufacturers are getting long-awaited relief from President Donald Trump's sweeping global tariffs. But for some of the hardest hit companies, the share price benefits pale in comparison with the massive losses they suffered on Liberation Day.

Corporate News

Enra partners China O&G services firm for South-East Asian FPSO bid

PETALING JAYA: Enra Group Bhd is teaming up with Chinese oil and gas service provider China Offshore Engineering & Technology Co Ltd to jointly bid for a floating storage and offloading (FSO) project in South-East Asia.

Corporate News

Bursa Malaysia publicly reprimands Techna-X

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Techna-X Bhd for breaching the Bursa Malaysia Securities Main Market Listing Requirements.

Corporate News

Parkson renews Nanchang, China tenancy in RM111mil transaction

KUALA LUMPUR: Parkson Holdings Bhd's 54.97%-owned subsidiary Parkson Retail Group Ltd (PRGL) has renewed the tenancy of its retail property in Nanchang, China, for 15 years in a transaction valued at about RMB185mil, or about RM111mil.

Corporate News

KLK redesignates Lee Jia Zhang as CEO from Oct 1

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) has redesignated its chief operating officer (COO) Lee Jia Zhang to the position of chief executive officer (CEO), with effect from Oct 1.

Economy

Malaysia's economy remains resilient, supported by manufacturing, data centres, says S&P

KUALA LUMPUR: Malaysia's economic outlook remains resilient, supported by strong manufacturing activity, sustained infrastructure investment and a rapidly expanding data centre sector, said S&P Global Ratings.

Forex

Ringgit ends easier against US dollar as West Asia conflict weighs on sentiment

KUALA LUMPUR: The ringgit ended easier against the US dollar on Wednesday, as market sentiment remained cautious amid an evolving outlook in West Asia, said an economist.

Corporate News

AZRB redesignates Wan Zakariah as chairman

PETALING JAYA: Ahmad Zaki Resources Bhd (AZRB) has redesignated its executive vice chairman Datuk Seri Wan Zakariah Wan Muda, to the position of chairman.

Corporate News

LFE Corp secures RM24mil redevelopment jobs

PETALING JAYA: LFE Corp Bhd has secured three contracts totalling RM23.87mil from Pembinaan Bina Bumi Sdn Bhd for a redevelopment project in Ara Damansara, Selangor.

Corporate News

Hubline confirms subsidiary operated helicopter in fatal Sarawak crash

KUALA LUMPUR: Hubline Bhd has confirmed that its subsidiary Layang Layang Aerospace Sdn Bhd (LLA) operated the helicopter involved in the fatal accident at Long Lellang STOLport in Sarawak on Sept 8.

Technology

Malaysia's data centre capacity to triple by 2030, according to S&P Global Ratings

KUALA LUMPUR: Malaysia's data centre (DC) sector is entering a new phase of more sustainable growth after a period of rapid expansion, with capacity expected to more than triple by 2030, said S&P Global Ratings. 

Corporate News

EI Power to acquire Shah Alam land for RM17.2mil

PETALING JAYA: EI Power Bhd is proposing to acquire a piece of freehold land in Shah Alam, Selangor measuring 1,495.09 sq metres, together with a two-and-a-half storey semi-detached factory erected thereon, from Elitesoft Asia Sdn Bhd for RM7.2mil.

Markets

FBM KLCI flat; ringgit hits 10-month low against Singapore dollar

KUALA LUMPUR: The FBM KLCI struggled for direction on Wednesday, swinging between gains and losses before ending flat, while the ringgit weakened against both the US and Singapore dollars.

Forex

Ringgit falls to lowest versus Singapore dollar since November

Malaysia's ringgit fell to a 10-month low versus the Singapore dollar, weighed by foreign stock outflows while the island state's currency is supported by a hawkish monetary policy stance.