Corporate News

With Puma stake, China's Anta seeks to enter the arena with Nike and Adidas

SHANGHAI/HONG KONG: Anta Sports , China's top sportswear company, has leaped onto the international stage with an acquisition-driven global portfolio, including last week's $1.8 billion deal for a 29% stake in Germany's Puma.

Markets

AI angst wipes US$22.5bil off Indian IT stocks in worst week in four months

BENGALURU: Indian software exporters plunged another 2% on Friday and looked set to end a tumultuous week that has seen $22.5 billion in market value losses on growing fears that new AI tools could severely disrupt the country's IT outsourcing industry.

Nation

MACC detains IJM Corp chairman in graft probe

KUALA LUMPUR: The chairman of IJM Corporation Bhd has been detained in connection with investigations into corporate governance issues, procurement processes, financial transactions and the ownership of overseas assets estimated to be worth about RM2.5bil.

Markets

Stocks reel as silver and cryptocurrencies whipsaw

SINGAPORE: A global stock rout on Wall Street spilled into Asia on Friday, leaving investors dazed and many regional benchmarks in the red as wrenching volatility gripped precious metals and cryptocurrencies.

Cryptocurrency

Bitcoin rebounds after brushing US$60,000 level

SINGAPORE: Bitcoin bounced from a 16-month low on Friday after testing the key $60,000 level, as a global rout in technology stocks that washed out risky bets across asset classes showed tentative signs of easing.

Corporate News

WCT to launch RM5bil Islamic notes programme

KUALA LUMPUR: WCT Holdings Bhd plans to establish an Islamic notes issuance programme with an aggregate nominal value of up to RM5 billion, comprising senior Islamic medium-term notes and/or subordinated perpetual Islamic notes based on the Shariah principle of Wakalah Bi Al-Istithmar.

Markets

Bursa Malaysia issues UMA query to Greentronics Technology

KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to Greentronics Technology Bhd following the sharp fall in the price of its shares, with increased trading volume today.

Corporate News

PNB yet to decide on Sunway's offer for IJM Corp stake

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has yet to decide on Sunway Bhd's voluntary general offer (VGO) to acquire its shares in IJM Corporation Bhd and will assess the offer based on commercial considerations, including the investment returns based on IJM's intrinsic and future value, the cash consideration and the estimated future value of swap shares offered.

Markets

Bursa Malaysia lower at midday amid selling pressure

KUALA LUMPUR: Bursa Malaysia extended its downward momentum at midday on continued selling pressure in selected heavyweight counters, led by industrial products and services, transportation and logistics, as well as financial services sectors.

Banking

Bank Islam appoints Raja Datin Paduka Teh Maimunah as group CEO

KUALA LUMPUR: Bank Islam Malaysia Bhd has announced Raja Datin Paduka Teh Maimunah Raja Abdul Aziz will assume the role of group CEO from April 1, 2026.

Commodities

Oil set for first weekly decline in seven weeks ahead of US-Iran talks

SINGAPORE: U.S. crude futures rose slightly on Friday but were on track for their first weekly drop in seven weeks as supply concerns eased, and investors focused on the outcome of U.S.-Iran nuclear talks in Oman later in the day.

Corporate News

ACE Market debutant AmBest expects revenue growth on AI-driven semiconductor demand

KUALA LUMPUR: Provider of precision machining and engineering supporting services AmBest Group Bhd expects higher revenue growth from future orders as supported by sustained demand from the semiconductor sector and artificial intelligence (AI)-related requirements.

Corporate News

PLS Plantations, Nippon Paper Group explore feasibility of large-scale eucalyptus plantation

KUALA LUMPUR: PLS Plantations Bhd is undergoing a three-year collaboration with Nippon Paper Industries Co Ltd (NPI) and Nippon Paper Lumber Co Ltd (NPL) to explore the feasibility of developing a large-scale eucalyptus plantation programme in Malaysia.

Markets

Stocks tumble as AI rout deepens, cryptos rebound

SINGAPORE: Global equities extended losses into a third day on Friday as a selloff on Wall Street intensified, with precious metals and cryptocurrencies gripped by wrenching volatility.

Commodities

Gold, silver set for weekly losses on tech selloff and stronger dollar

GOLD and silver recouped early losses on Friday, but were headed for a second straight week of declines as a global rout in tech equities and a stronger U.S. dollar wiped out gains made by the metals during a brief rebound earlier this week.

Forex

Ringgit opens lower as easing risks lift US$

KUALA LUMPUR: The ringgit opened lower against the US dollar on Friday, pressured by external spillovers as receding near-term geopolitical tensions lent support to the greenback.

Markets

FBM KLCI slips further as global tech rout continues

KUALA LUMPUR: Bursa Malaysia fell in early morning trade as the global rout in tech stocks coupled with signs of a slowing labour market in the US sapped risk appetite for equities.

Markets

Indonesian markets face more pressure after Moody's cuts outlook

SINGAPORE: Markets in Indonesia could come under more pressure on Friday after Moody's lowered the nation's credit rating outlook, the latest jolt in a turbulent start to the year for Southeast Asia's largest economy.

Corporate News

Trading ideas: Sunview, KJTS, Keyfield, Maxis, Solarvest, Hi Mobility, Haily, Oxford Innotech, Farm Price, Timberwell, TP TEC, BCorp, BFood

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Commodities

Oil settles down on easing supply concerns

Oil prices settled down almost 3% on Thursday in choppy trading, after the US and Iran agreed to hold talks in Oman on Friday, easing concerns about Iranian crude supplies.