Star Biz7

Big Tech’s mammoth AI spend

Four of the biggest US technology companies together have forecast capital expenditures that will reach about US$650bil in 2026 – a mind-boggling tide of cash earmarked for new data centres and the long list of equipment needed to make them tick, including artificial intelligence (AI) chips, networking cables and backup generators.

Star Biz7

Bond buyers scour Americas

Investors from T Rowe Price Group Inc to TCW Group Inc are embracing a strategy that's rapidly becoming the norm in emerging markets: pour money into Latin American countries aligned with US President Donald Trump.

Star Biz7

Indonesian hiccup or structural concern?

Despite the recent sharp decline, the outlook for Indonesian equities still leans towards recovery rather than long-term damage, with policy support, earnings growth and structural reforms expected to reassert themselves once near-term volatility fades.

Insight

New drivers steering China equities

Despite the strong recovery in both onshore and offshore China equities over the past two years, investors have largely remained underweight, unconvinced that the stock market rally is sustainable.

Star Biz7

Investors chase broadening markets

As the new year progresses, equity investors seem to be looking beyond the winners of the past decade, seeking opportunities in a broadening market where policy support and innovation collide.

Insight

Indonesia’s MSCI debacle

It was at the height of the Asian Financial Crisis in 1998, when MSCI removed Malaysia from its global indices following the imposition of capital controls.

Insight

The slow climb out of PN17

Practice Note 17, otherwise known as PN17, is part of Bursa Malaysia's Listing Requirements for the Main Market.

Short Position

PNB sticks to value in IJM takeover

The proposed takeover of IJM Corp Bhd by Sunway Bhd has stirred one of the most talked-about corporate debates in the Malaysian market this year.

Star Biz7

US policy boosts Singapore banks

The outlook for Singapore's banking sector this year tilts towards stability after a period of sharp swings in rates and liquidity, with global monetary signals becoming clearer and capital flows less one-way.

Corporate News

KPJ Healthcare appoints Prof Datuk Dr Hanafiah Harunarashid as chief medical director

KUALA LUMPUR: KPJ Healthcare Bhd has appointed Professor Datuk Dr Hanafiah Harunarashid as its new chief medical director (CMD), reinforcing the healthcare group's system-wide focus on clinical governance, patient safety and consistent standards of care across its hospital network

Forex

Ringgit ends flat against US$

KUALA LUMPUR: The ringgit traded flat against the US dollar at Friday's close, pressured by profit-taking as traders locked in gains accumulated earlier.

Corporate News

AWC units secure RM26.6mil projects in Malaysia, Singapore

PETALING JAYA: AWC Bhd's subsidiaries under Stream Group Sdn Bhd, namely Stream Environment Sdn Bhd and Stream Environment (S) Pte Ltd have secured three projects in Malaysia and Singapore worth a total RM26.6mil.

Markets

AutoCount gets approval to transfer to Main Market

KUALA LUMPUR: AutoCount Dotcom Bhd has received regulatory approval to transfer its listing to the Main Market of Bursa Malaysia Securities Bhd.

Corporate News

Plenitude posts net profit of RM26.25mil in 2Q

PETALING JAYA: Plenitude Bhd attributed its lower earnings for the second quarter of financial year ending June 30, 2026 (2Q26) to weaker performance by its property development division.

Corporate News

Midtown unit bags RM40.5mil data centre job in Cyberjaya

KUALA LUMPUR: Midtown Group Bhd via its wholly-owned subsidiary Midtown Engineering Sdn Bhd has accepted a RM40.5mil contract from Exyte Malaysia Sdn Bhd for the design and construction of main works for KUL22, a data centre in Cyberjaya.

Corporate News

Ireka unit accepts RM125mil construction job in Bintulu

KUALA LUMPUR: Ireka Corp Bhd said its wholly-owned subsidiary Shoraka Construction Sdn Bhd has secured a RM125mil contract from Sarawak Land (Kemena Park) Sdn Bhd for the proposed construction of the Pinnacle Condominium at Jalan Tanjung Batu, Bintulu, Sarawak.

Corporate News

Sapura Industrial subsidiary inks supply agreement with lithium battery manufacturer

KUALA LUMPUR: Sapura Industrial Bhd (SIB) via its 51%-owned sub-subsidiary SIB ZZT Sdn Bhd has executed an agreement for the supply of products and materials by SIB ZZT to EVE Energy Malaysia Sdn Bhd.

Markets

Bursa Malaysia closes at intraday high on late buying

KUALA LUMPUR: Bursa Malaysia reversed earlier losses to end at its intraday high on Friday, due to late buying in selected heavyweights.

Corporate News

Teladan inks partnership with Melaka Corp to promote German Technology Park

KUALA LUMPUR: Teladan Group Bhd's wholly-owned subsidiary, Riverwell Resources Sdn Bhd, has inked a strategic cooperation agreement with Melaka's state development agency, Melaka Corp (MCorp), to jointly promote and drive the sale of industrial land in the German Technology Park in Jasin.

Corporate News

Matang to expand durian plantations with RM18.2mil land purchase in Tangkak

KUALA LUMPUR: Matang Bhd's wholly-owned subsidiary, Matang Agriculture and Plantation (Segamat) Sdn Bhd (Maps), is looking to increase its landbank for durian plantations via the purchase of 10 adjacent parcels of agricultural land in Tangkak, Johor, for about RM18.2mil cash.