Business

Asian bonds draw strong foreign inflows in December

ASIAN bonds saw robust inflows in December, driven by an improving growth outlook in the region and diversification by foreign investors away from richly valued equities.

Auto

Malaysia’s auto market maintains momentum with 820,752 units sold in 2025

KUALA LUMPUR: The Malaysian automotive market maintained its strong momentum in 2025, surpassing the 800,000-unit threshold for the second consecutive year, with total industry volume (TIV) rising to 820,752 units from 816,747 units last year, representing an increase of 0.5 per cent.

Economy

China to play 'stabilising' role in Davos

AS geopolitical tensions rise alongside economic fragmentation and rapid technological change, global leaders are gathering in Davos, Switzerland, through Friday for the World Economic Forum's 56th Annual Meeting, with dialogue and coordination taking center stage amid growing calls for practical cooperation.

Forex

Ringgit to be range-bound at 4-4.20 on strong external position

KUALA LUMPUR: The ringgit is expected to trade within the range of 4.0-4.20 against the US dollar this year, supported by structural improvements in Malaysia's external accounts, although its upside remains constrained by global portfolio outflows and a stronger dollar.

Corporate News

84% of CEOs in Malaysia to expand beyond traditional industry boundaries- PwC survey

KUALA LUMPUR: About 84 per cent of chief executive officers (CEOs) in Malaysia plan to expand beyond their traditional industry boundaries over the next three years, targeting adjacent and fast-moving sectors, according to PwC's 29th Global CEO Survey - Malaysia.

Markets

Bursa Malaysia remains lower at midday

KUALA LUMPUR: Persistent profit-taking in selected heavyweights continued to weigh on Bursa Malaysia at midday, amid mixed regional sentiments.

Banking

CIMB Thai posts RM293mil net profit in FY25

KUALA LUMPUR: CIMB Thai Bank PCL, a 94.83%-indirectly owned subsidiary of CIMB Group Holdings Bhd, registered a 20.9% year-on-year (y-o-y) drop in net profit to THB2.26bil (RM293.88mil) in the financial year ended Dec 31, 2025, due to a decrease in operating income and an increase in expected credit loss.

Corporate News

Reservoir Link Energy unit secures work order from Roc Oil Sarawak

KUALA LUMPUR: Reservoir Link Energy Bhd said its wholly-owned subsidiary Reservoir Link Sdn Bhd has received a work order from Roc Oil (Sarawak) Sdn Bhd for perforation services for D35, D21 and J4 drilling and production enhancement (2025-2029).

Corporate News

KKB Engineering bags six contracts valued at RM80mil

KUALA LUMPUR: KKB Engineering Bhd and its subsidiaries have secured a total of six contracts valued at a combined sum of about RM80mil.

Aviation

AirAsia X announces new leadership structure

KUALA LUMPUR: AirAsia X has approved a new management structure with several reappointments following the group's consolidation exercise, which entailed the airline's aquisition of AirAsia Bhd and AirAsia Aviation Group Limited (AAAGL) from Capital A Bhd.

Economy

Malaysia's total trade in 2025 tops RM3 trillion, E&E drives export growth

KUALA LUMPUR: Malaysia's total trade in 2025 rose 6.3% over the previous year to RM3.061 trillion, a record level underpinned by an increase in both export and import values, according to the Ministry of Investment, Trade and Industry (Miti).

Markets

SBS Nexus opens flat at 25 sen on ACE Market debut

KUALA LUMPUR: Branding and marketing firm SBS Nexus Bhd made a flat debut on the ACE Market of Bursa Malaysia today at its initial public offering (IPO) price of 25 sen per share.

Markets

Bursa Malaysia closed for Thaipusam, FT day on Feb 2

KUALA LUMPUR: Bursa Malaysia will be closed on Feb 2, 2026 (Monday), in conjunction with the Thaipusam and Federal Territory public holidays.

Markets

Stocks slide, dollar struggles as Trump's Greenland gambit rattles markets

SINGAPORE: Asian stocks fell on Tuesday, while the dollar remained under pressure and the U.S. Treasury yields climbed to their highest level in more than four months, as a resurgence of trade-war concerns hit risk sentiment and sparked selling in U.S. assets.

Markets

US yields rise to multi-month highs on Trump's tariff threats

SINGAPORE: U.S. Treasury yields jumped to near multi-month highs on Tuesday as U.S. President Donald Trump's threats to rekindle a trade war with Europe rattled markets and shook investor confidence in American assets.

Corporate News

OMS Group inks deal with Ulstein for two next-generation cable-laying vessels

KUALA LUMPUR: OMS Group, a leading provider of subsea digital infrastructure, has signed contracts with advanced offshore vessel builder Ulstein for the design and construction of two cable-laying vessels.

Forex

Ringgit firmer vs greenback on rising US-EU tensions

KUALA LUMPUR: The ringgit extended its gains to open firmer on Tuesday, tracking a weaker US Dollar Index (DXY) as tensions between the United States and the European Union intensified following renewed remarks by the administration of US President Donald Trump over Greenland.

Markets

FBM KLCI retreats to 1,700 support as profit-taking accelerates

KUALA LUMPUR: The FBM KLCI fell 9.57 points to 1,702.76 at 9.20am, in light of the growing geopolitical tension and the absence of domestic catalysts to drive the index higher.

Corporate News

Trading ideas: IJM, Perak Corp, Kuchai, Favelle Favco, Reservoir Link, OpenSys, Teladan, PJBumi, AirAsia X, M&A Equity, Alliance Bank

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

Corporate News

Favelle Favco wins RM76mil worth of jobs

PETALING JAYA: Favelle Favco Bhd's subsidiaries have secured three crane orders worth a combined RM76.3mil.