Markets

Bursa erases early gains to end lower on profit-taking 

Bursa Malaysia erased early gains to end lower yesterday as profit-taking emerged following recent gains.

Corporate News

CATALYSING THE NORTHERN STARTUP PUSH

The Founders & Funders: Asean Tech All Stars 2025 concluded on Nov 28, 2025 at The Ship Campus, drawing almost 200 participants and marking a significant milestone for the Asean startup ecosystem.

Corporate News

AME-REIT 3Q net profit up to RM9.6mil

AME Real Estate Investment Trust (AME-REIT) is optimistic of achieving a favourable performance for its financial year ending March 31, 2026.

Corporate News

Kee Ming IPO oversubscribed 54.16 times

ACE Market-bound Kee Ming Group Bhd's public portion of its initial public offering (IPO) was oversubscribed by 54.16 times ahead of its Feb 12, 2026 listing.

Forex

Ringgit holds steady amid cautious view

he ringgit held steady against the US dollar at the close yesterday, supported by positive business indicators across Asia, including Malaysia, but tilted down slightly amid cautious market sentiment due to heightened geopolitical risks.

Corporate News

Southern Cable gets more jobs from TNB

Cable and wire manufacturer Southern Cable Group Bhd has secured an additional RM121.1mil worth of orders for its existing contract from Tenaga Nasional Bhd (TNB) for the supply of underground power cables and conductors.

Markets

Nomura bullish on M’sian equities

Malaysia's equity market outlook remains optimistic, reflected in the strengthening of the ringgit, says global asset management firm Nomura Asset Management Sdn Bhd (NAM Malaysia).

Corporate News

PNB to assess Sunway’s VGO for IJM Corp

Permodalan Nasional Bhd (PNB) will assess Sunway Bhd's voluntary general offer (VGO) for IJM Corp Bhd based on commercial considerations, offer risks, governance, investment returns, and Sunway's strategic plans post-acquisition.

Corporate News

IOIPG sells industrial land for RM741mil

IOI Properties Group Bhd (IOIPG) has inked an agreement to sell three plots of land at its IOI Industrial Park @ Banting for RM740.68mil.

Economy

Advancing the digital economy

Menara Merdeka 118's official launch as Malaysia's first MD Nexus has prompted about 50 other companies to seek out the same status.

Corporate News

PETRONAS defers, cuts capex from this year

Petroliam Nasional Bhd (PETRONAS) activity outlook from 2026 to 2028 shows a bleak period as the national oil and gas giant deferred or cut its capital expenditure (capex), says CGS International (CGSI) Research.

Corporate News

Suzaini Mukhtar to lead KAF Digital Bank

KAF Digital Bank Bhd has appointed Suzaini Mukhtar as chief executive officer (CEO), effective Feb 1, 2026.

Corporate News

Binastra wins half-a-billion ringgit data centre job

Binastra Corp Bhd has secured a RM503mil data centre contract from Exsim Sri Permai Sdn Bhd.

Auto

Proton expands electrification strategy with entry into PHEV segment

KUALA LUMPUR: Proton has expanded its electrification strategy by going into the plug-in hybrid electric vehicle (PHEV) segment, positioning the new Proton e.MAS 7 PHEV as a key offering to widen market reach beyond full electric vehicles.

Markets

FBM KLCI delivers strong start in January

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) delivered a strong start to 2026, rising for four consecutive weeks to close January at 1,740 points, supported by policy optimism, improving macroeconomic signals, foreign inflows, a stronger ringgit and rising market liquidity, said CIMB Securities Sdn Bhd.

Corporate News

AME REIT optimistic of favourable FY26 performance

PETALING JAYA: AME Real Estate Investment Trust (AME REIT) is optimistic of achieving a favourable performance for its financial year ending March 31, 2026.

Corporate News

Southern Cable secures RM121.1mil variation orders from TNB

PETALING JAYA: Cable and wire manufacturer Southern Cable Group Bhd has secured an additional RM121.1mil worth of orders for its existing contract from Tenaga Nasional Berhad (TNB) for the supply of underground power cables and conductors.

Business

Ringgit holds steady amid cautious sentiment due to geopolitical risks

KUALA LUMPUR: The ringgit held steady against the US dollar at the close on Wednesday, supported by positive business indicators across Asia, including Malaysia, but tilted down slightly amid cautious market sentiment due to heightened geopolitical risks.

Corporate News

Chef Wan retains 20% stake, creative control in De.Wan and Café Chef Wan

KUALA LUMPUR: Celebrity chef Datuk Dr Redzuawan Ismail, better known as Chef Wan, has reaffirmed his long-term commitment to his culinary ventures by retaining a 20% equity stake and full creative control of De.Wan 1958 by Chef Wan and Café Chef Wan.

Corporate News

F&N posts lower 1Q profit on forex headwinds, Indochina softness

PETALING JAYA: Fraser & Neave Holdings Bhd (F&N) believes that conditions for its food and beverage arm in Indochina (F&B Indochina) will stabilise moving forward as economic activity normalises and trade channels in Thailand replenish stock levels.