Latest

22 Sep 2023

Corporate News
Disney will ‘quiet the noise’ in culture wars

Walt Disney CEO Bob Iger told investors the company will “quiet the noise” in a culture war that has pitted social conservatives against the global media and entertainment conglomerate, according to an analyst note.
22 Sep 2023

Economy
‘Soft-landing not baseline, but it’s in the forecast’

Federal Reserve (Fed) chairman Jerome Powell declined to say he expects a “soft landing” for the United States economy, but that sure was the picture painted by policymakers in their newest economic forecasts.
22 Sep 2023

Business
Why US hotels are missing more than 238,000 employees

The US hotel industry is booming, but due to labour shortages, it is operating with leaner staff and fewer services.
22 Sep 2023

Business
UN chief Guterres laments ‘naked greed’ of fossil fuel interests

Countries addressing a climate summit during the UN General Assembly criticised big polluters for not doing more to tackle global warming, and the UN secretary-general Antonio Guterres says time is running short thanks to the “naked greed” of fossil fuel interests.
22 Sep 2023

Corporate News
Truck producer taps Chinese defence firm to build EV factory

PT Nusatama Berkah, a publicly listed heavy equipment producer under ticker NTBK, has signed a memorandum of understanding (MoU) with Chinese state-owned defence company Norinco International to jointly manufacture electric trucks in Indonesia.
22 Sep 2023

Corporate News
reNIKOLA signs subscription deal for climate sukuk

Renewable energy company, reNIKOLA Holdings Sdn Bhd will be issuing its second Asean Green SRI Sukuk (reNIKOLA II Green Sukuk), which will also be the world’s first climate sukuk certified by the Climate Bonds Initiative (CBI).
22 Sep 2023

Aviation
Boeing: Domestic aviation to leapfrog on travel boom

China’s domestic aviation market will surpass those in North America and Europe to become the world’s largest by 2042, driven by strong demand for commercial air travel and an expected doubling of the country’s fleet size, US aircraft manufacturer Boeing Co has said.
22 Sep 2023

Corporate News
Sime Darby Property, TNB in sustainability tie-up

Sime Darby Property Bhd (SimeProp) has entered into a strategic partnership with Tenaga Nasional Bhd (TNB) for the exploration and development of sustainable energy initiatives.
22 Sep 2023

Corporate News
VHB sees weak market sentiment

Visdynamics Holdings Bhd expects the world economy and semiconductor industry to remain flat, with business sentiments remaining weak throughout the year.
22 Sep 2023

Corporate News
Comintel bullish about FY24 performance

Comintel Corp Bhd is upbeat about delivering a strong performance for the financial year 2024 (FY24), based on its order book.
22 Sep 2023

Economy
Income earning ability poised to get a lift

The growth acceleration of technology startups and the increased conduciveness for tech companies in the country will go a long way in raising the income earning ability of Malaysians, says Economy Minister Rafizi Ramli.
22 Sep 2023

Corporate News
7-Eleven unit selling 75% stake in Caring Pharmacy

7-Eleven Malaysia Holdings Bhd’s wholly-owned subsidiary Convenience Shopping (Sabah) Sdn Bhd will sell a 75% stake in Caring Pharmacy Group Bhd for RM675mil.
22 Sep 2023

Markets
Bursa Malaysia ends lower in sync with regional markets

Bursa Malaysia closed lower for the fourth consecutive day yesterday due to cautious sentiments within the regional economy, says an analyst.
22 Sep 2023

Corporate News
Dayang gets job extension from Sapura OMV

Dayang Enterprise Holdings Bhd’s wholly-owned subsidiary Dayang Enterprise Sdn Bhd has received a contract amendment and extension for the provision of Pan Malaysia maintenance, construction and modification contractor for 2018 to 2023 – Package C (East Malaysia).
22 Sep 2023

Banking
AmBank continues to invest in SMEs

AMMB Holdings Bhd (AmBank) will continue to invest in small and medium enterprises (SMEs) to empower the sector’s journey towards growth and success, says group chief executive officer Datuk Sulaiman Mohd Tahir.
22 Sep 2023

Banking
Public Bank to extend RM1bil SME via SJPP

Public Bank Bhd will be extending RM1bil in financing to small and medium enterprises (SMEs) through a strategic collaboration with the Finance Ministry’s credit guarantee agency Syarikat Jaminan Pembiayaan Perniagaan Bhd or SJPP.
22 Sep 2023

Corporate News
EcoWorld Malaysia hits 87.4% of sales target

Eco World Development Group Bhd (EcoWorld Malaysia) is on track to achieve its financial year 2023 (FY23) full-year sales target of RM3.5bil with RM3.06bil sales recorded in 10 months, representing 87.4% of the target.
22 Sep 2023

Corporate News
UMW Group auto trading up 18% in August

UMW group automotive sales increased by 18% in August 2023 with 41,386 units delivered as both UMW Toyota Motor (UMWT) and UMW’s associate Perusahaan Otomobil Kedua Sdn Bhd (Perodua) made good their outstanding orders.
22 Sep 2023

Corporate News
Focus Point to reap rewards of higher tourism

The reopening of China’s borders, stronger marketing and promotional activities, as well as the diversification of its food and beverage (F&B) segment are expected to be the main growth drivers for Focus Point Holdings Bhd.
22 Sep 2023

Corporate News
Scientex property arm continues to look robust

The brighter outlook in Scientex Bhd’s property segment is expected to sustain its earnings momentum in the near term.