Corporate News

Hume Cement appoints William Tan as group managing director

KUALA LUMPUR: Hume Cement Industries Bhd has appointed William Tan Kok Siang as its group managing director, effective Jan 1, 2026.

Corporate News

COP30: TNB a critical enabler to advance regional energy cooperation via Asean power grid

KUALA LUMPUR: As one of the key utilities within the ASEAN Power Grid (APG) initiative, Tenaga Nasional Bhd (TNB) will remain as a critical enabler of ASEAN's shared energy transition, positioning cross-border interconnection as a vital driver of regional energy integration.

Forex

Ringgit ends slightly lower vs greenback on Fed rate outlook caution

KUALA LUMPUR: The ringgit ended marginally lower against the US dollar and other major currencies on Monday as traders and investors remained cautious ahead of the United States Federal Reserve (US Fed) interest rate outlook for next year.

Corporate News

Powerwell to expand into East Malaysia via strategic M&A

KUALA LUMPUR: Powerwell Holdings Bhd is set to expand into East Malaysia via the proposed acquisition of 49% stakes in Tenaga Kenari Sdn Bhd and Tenaga Kenari Marketing Sdn Bhd, for a combined purchase consideration of RM16.7mil.

Markets

Bursa Malaysia's key index ends higher near 16-month peak

KUALA LUMPUR: Bursa Malaysia's key index recovered from intraday losses to close 0.23 per cent higher on Monday, edging closer to a 16-month peak amid steady institutional demand.

Corporate News

Velesto unit disposes of entire stake in Velesto Workover for RM16.5mil

KUALA LUMPUR: Velesto Energy Bhd said its wholly-owned subsidiary Velesto Malaysian Ventures Sdn Bhd has entered into a Share Sale Agreement (SSA) with Enviros Survey & Consultancy Sdn Bhd to dispose of its entire equity interest in Velesto Workover Sdn Bhd (VWSB) for RM16.5mil cash.

Corporate News

Kim Loong anticipates satisfactory FY26 performance

KUALA LUMPUR: Kim Loong Resources Bhd is expecting a satisfactory performance as it enters the final quarter of its financial year.

Corporate News

Perdana Petroleum unit receives two work orders from PETRONAS Carigali

KUALA LUMPUR: Perdana Petroleum Bhd said its wholly-owned subsidiary Perdana Nautika Sdn Bhd has secured two work orders from PETRONAS Carigali Sdn Bhd for the provision of two anchor handling tug and supply (AHTS) vessels.

Corporate News

Awantec unit bags two contracts to supply AI tools to public unis worth a combined RM16.41mil

KUALA LUMPUR: AwanBiru Technology Bhd's wholly-owned subsidiary, Awantec Systems Sdn Bhd (ASSB), has been awarded two letters of award valued at a combined RM16.41mil by the Ministry of Higher Education (MOHE) for the provision of Google artificial intelligence (AI) tools, NotebookLM Enterprise and Gemini for Google Workspace to public universities.

Corporate News

Willowglen MSC unit signs remote terminal unit supply contract for RM8.59mil

KUALA LUMPUR: Willowglen MSC Bhd said its wholly-owned subsidiary Willowglen Services Pte Ltd has secured a RM8.59mil contract for the supply and installation of remote terminal units at transmission substations by SP PowerAssets Limited in Singapore.

Corporate News

Signature International expects steady demand across core segments in 2026

KUALA LUMPUR: Modular kitchen system provider Signature International Bhd expects demand from its core segments to remain steady in 2026, particularly from Singapore's renovation and fit-out market under the Corten brand, as well as ongoing project deliveries within Malaysia.

Corporate News

Infomina's Thai subsidiary inks RM137.1mil services contract with Siam Commercial Bank

KUALA LUMPUR: Infomina Bhd's 99%-owned subsidiary Infomina (Thailand) Co Ltd has accepted a blanket purchase agreement valued at US$33.84mil (RM137.1mil) from Siam Commercial Bank Public Company Limited in Thailand.

Investment

Malaysia secures RM54.13bil approved digital investments in 3Q25 - MDEC 

KUALA LUMPUR: Malaysia recorded RM54.13 billion in approved Malaysia Digital (MD) investments in the third quarter of 2025 (3Q 2025), generating 21,815 high-value jobs across 402 digital companies, said the Malaysia Digital Economy Corporation (MDEC).

Telcos

Maxis fully restores services affected by tower fire in Kuala Kangsar

KUALA LUMPUR: Maxis Bhd has fully restored services for customers affected by the fire incident at its telecommunications tower site in Kampung Kelebor, Kuala Kangsar, two days ago.

Telcos

U Mobile blocks over 265mil scam calls, SMS as of Dec 2025

KUALA LUMPUR: U Mobile Sdn Bhd has blocked more than 265 million scam calls and fraudulent short message service (SMS) attempts nationwide since rolling out full-scale network-level scam protection across its 4G and 5G network as of December 2025.

Economy

Malaysia, US trade rises to RM325.2bil in 2024, driven by E&E exports

KUALA LUMPUR: Malaysia's trade performance with the United States (US) increased by 30 per cent to RM325.2 billion in 2024 despite uncertainties in the global trading landscape, according to the Department of Statistics Malaysia (DoSM).

Markets

Bursa Malaysia easier at midday on profit-taking

KUALA LUMPUR: Bursa Malaysia ended the morning session lower as profit-taking activities emerged on selected blue chips amid a lack of fresh catalysts.

Economy

Malaysia's PPI down 1.8% in Nov 2025

KUALA LUMPUR: Malaysia's Producer Price Index (PPI) eased further by 1.8 per cent in November 2025 from a 0.1 per cent decrease in October 2025, said the Department of Statistics Malaysia (DOSM).

Corporate News

PNB Merdeka Ventures appoints Izwan Hasli Mohd Ibrahim as CEO

KUALA LUMPUR: PNB Merdeka Ventures Sdn Bhd (PNBMV) has appointed Datuk Izwan Hasli Mohd Ibrahim as its new CEO from Jan 1, 2026.

Auto

4Q auto sales to rise on EVs and new models

PETALING JAYA: Automobile sales may rise in the fourth quarter of 2025 (4Q25) compared to 3Q25 as consumers rush to buy imported electric vehicles (EVs) ahead of the expiry of the tax exemption for such models at the end of this year, says CIMB Securities.