Latest
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Corporate News
PETRONAS Gas commits to sustainability, announces total dividend of 72 sen per share
KUALA LUMPUR: Petronas Gas Bhd (PGB) is committed to creating sustainable value from core businesses while pursuing growth.
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Corporate News
Crest Builder bags RM486mil condo job
PETALING JAYA: Crest Builder Holdings Bhd has won a RM486mil contract to build three blocks of condominiums in Mon’t Kiara.
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Corporate News
Axis-REIT optimistic of maintaining its current performance for FY24
PETALING JAYA: Axis Real Estate Investment Trust (Axis-REIT) remains positive about the outlook of its current financial year, buoyed by its existing asset portfolio.
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Corporate News
KIP REIT aims for RM2bil AUM
KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT) aims to scale up its operation and increase total assets under management to RM2bil in the next three years, according to chief executive officer Valerie Ong Pui Shan.
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Technology
ATX Semiconductor to boost investment in Melaka to RM952mil
MELAKA: ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka, over the next five years for its second-phase business expansion.
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Corporate News
Haily gets RM109.5mil residential construction job
PETALING JAYA: Haily Group Bhd has accepted a letter of award worth RM109.5mil from Mandy Corporation Sdn Bhd for the construction and completion of a residential project in Pontian, Johor.
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Auto
Malaysia’s vehicle sales dip 10% year-on-year in March
KUALA LUMPUR: Malaysia’s new vehicle sales slid 10% to 71,052 units in March 2024 from 78,881 units in March 2023, according to the latest Malaysian Automotive Association (MAA) statistics.
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Markets
FBM KLCI ends at near 2-year high
KUALA LUMPUR: The FBM KLCI continued its upward trend for the fifth consecutive session, rising to its highest in almost two years.
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Forex
Positive outlook for ringgit this year
KUALA LUMPUR: The ringgit is poised to strengthen this year, driven by significant events which could bolster the local currency.
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Business
CGS MY rebrands, targets to hit over RM300mil revenue by 2027
KUALA LUMPUR: CGS International Securities Malaysia (CGS MY) has unveiled its new brand and proposition, targeting to hit over RM300 million revenue by 2027.
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Property
Prime residential, KL city submarket expected to stay dynamic - JLL Malaysia
KUALA LUMPUR: The prime residential market in Kuala Lumpur saw a four per cent improvement in 2023 and is expected to stay dynamic this year, given Malaysia’s positive macroeconomic drivers.
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Corporate News
JD Sports to buy US rival Hibbett in US$1.08bil sportswear retail deal
JD Sports Fashion has proposed to buy American athletic fashion retailer Hibbett Inc for about $1.08 billion, the companies said on Tuesday, as Britain's biggest sportswear retailer looks to expand across the southeastern U.S.
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Commodities
Gold prices hit 2-1/2-week low as Middle East tensions ease
GOLD prices touched a more than two-week low on Tuesday, dragged by easing concerns of an escalation in the Middle East crisis and profit-taking, while investors awaited key data for fresh clues on the U.S. interest rate trajectory.
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Energy
Oil prices stabilise, Middle East tensions remain in focus
NEW DELHI: Oil prices edged higher on Tuesday, after falling in the previous session, as investors continued to assess the risk from geopolitical concerns in the Middle East.
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Property
Sunway Property to preview RM1.28bil Sunway Velocity 3 on May 4
PETALING JAYA: Master Community Developer, Sunway Property, has opened its sales gallery for its newest Signature Home, Sunway Velocity 3, recently and will be previewing the first phase of the development on May 4.
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Property
More funding needed for developers
THERE is a pressing need for the central government to provide funding support for the resolution of real estate developer debt risk as it remains the biggest soft spot in China's economy, experts at a top think tank said on Monday.
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Banking
Citi appoints Amit Dhawan as head of Citi Commercial Bank for Singapore
SINGAPORE: Citigroup said on Tuesday that it has appointed Amit Dhawan as the head of Citi Commercial Bank for Singapore, effective Monday, according to a statement.
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Insight
Oil will keep drawing strength from Middle East geopolitics, OPEC+ strategy for now
THERE are growing fears of yet another conflict in the Middle East. OPEC+ is keeping a tight rein on supplies. And growth outlook in improving in some key global economies.
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Corporate News
Cypark's LSS3 hybrid solar plant achieves initial operations
KUALA LUMPUR: Cypark Resources Bhd has announced its 100MWac Large Scale Solar 3 hybrid solar plant in Merchang, Terengganu, achieved initial operations on April 21, 2024.
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Markets
Asian shares extend gains ahead of tech earnings, yen fragile
SYDNEY: Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from U.S. tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.