Nation

Perlis govt to stay till GE

KANGAR: The Perlis administration will remain intact until the next general election, says Peri­katan Nasional state leadership.

Corporate News

Mixed views on IOIPG’s Singapore tower buy

Analysts have varying views on IOI Properties Group Bhd's (IOIPG) S$2.476bil (RM7.77bil) purchase of Asia Square Tower 2 (AST2) in Singapore.

Corporate News

Lower 1Q26 earnings likely for Hap Seng Plantations

UOB Kay Hian (UOBKH) Research expects Hap Seng Plantations Holdings Bhd to deliver lower earnings year-on-year (y-o-y) in its first quarter of financial year 2026 (1Q26), due to softer crude palm oil (CPO) prices despite improved operational performance.

Nation

Carbon tax halt backed by analysts

PETALING JAYA: The decision to delay the rollout of the planned carbon tax for industries has been described as a sensible move amid prevailing economic and geopolitical uncertainties in the Middle East, though analysts say clear communication will be crucial to avoid perceptions of policy inconsistency.

Markets

Bursa ends higher on Gulf optimism

Bursa Malaysia closed higher yesterday with market sentiment improving following reports that Iran may attend a second round of negotiations with the United States in Pakistan.

Corporate News

MRCB sees clear growth momentum

Malaysian Resources Corp Bhd (MRCB) views the next three years as a clear progression in delivery and momentum.

Corporate News

Gentari strengthens efforts for 40GW renewable capacity by 2030

Global clean energy company Gentari is strengthening efforts to achieve its target of 30GW to 40GW of renewable energy capacity by 2030, underpinned by rapid growth but contingent on market readiness and returns.

Corporate News

CIMB Thai 1Q bottom line increases 8.4%

CIMB Thai Bank PCL has recorded a net profit of 908.2 million baht (RM112.11mil), an increase of 70.1 million baht or 8.4% year-on-year (y-o-y), in the first quarter of 2026 (1Q26) as compared to the same quarter in 2025, it announced in a statement yesterday.

Corporate News

Silver Ridge wins RM2.5mil building job

Silver Ridge Holdings Bhd (SRHB) has accepted contracts worth a total of RM2.49mil for the construction of three, two-storey shophouses in Kapar, Selangor.

Corporate News

Karex to raise prices sharply as Iran war strains supply chain

Karex Bhd, the world's top condom producer, plans to raise prices by 20% to 30% and possibly further if supply chain disruptions drag on due to the Iran war, its chief executive officer (CEO) says.

Technology

YTL AI Labs launches Ilmu Claw AI platform

YTL AI Labs has launched Ilmu Claw yesterday, enabling Malaysian users, developers, and enterprises to build autonomous artificial intelligence (AI) agents, hosted entirely on Malaysian infrastructure through the secure YTL AI Cloud.

Forex

Ringgit rises against the greenback

The ringgit strengthened against the US dollar and other major currencies at yesterday's close, despite a firmer US Dollar Index, as investors closely monitored developments and anticipated the outcome of ongoing negotiations between the United States and Iran.

Nation

Sim: Safety is Malaysia’s new global competitive edge

KUALA LUMPUR: Malaysia is moving away from its traditional reputation as a low-cost manufacturing base, repositioning itself as a secure destination for global technology and trade.

Aviation

Naico upbeat on aerospace industry expansion

National Aerospace Industry Corp Malaysia (Naico) remains optimistic that the country's aerospace industry will expand between 15% and 20% by 2030, underpinned by strong investment momentum and growing capabilities across the ecosystem.

Nation

Carbon tax on hold amid Mideast conflict

PETALING JAYA: A plan by the government to impose a carbon tax on industries will be on hold in view of the Middle East conflict, says Natural Resources and Environmental Sustainability Minister Datuk Seri Arthur Joseph Kurup.

Energy

UK plans to move wind farms to fresh subsidies to cut costs

The United Kingdom will seek to speed up efforts to cut the costs of green electricity by reducing exposure to more expensive gas.

Corporate News

Public Bank set for capital efficiency uplift

Analysts remain positive on Public Bank Bhd, citing its strong capital buffers and upcoming capital optimisation initiatives that could support shareholder returns and sustain its premium valuation.

Corporate News

EI Power eyes ACE Market IPO

Power engineering solutions provider, EI Power Bhd (EIP) has launched its prospectus in conjunction with its initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia.

Sabah & Sarawak

Early morning tremor rattles Kundasang

KOTA KINABALU: A mild earthquake, registering 3.5 on the Richter scale, jolted Kundasang early in the morning, causing a brief shake in the highland town during the quiet hours before dawn.

Insight

Opening Hormuz is the easy part – restoring oil flows isn’t

The stop-start shipping traffic through the Strait of Hormuz underscores the profound uncertainty hanging over the world's most critical oil and gas chokepoint.