Latest
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Economy
Consumer companies likely to face a mixed year
Consumer companies will likely see mixed fortunes this year, with those in the staple-food segment expected to remain resilient, while those in the discretionary segment expected to see muted performance through 2024.
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Corporate News
EV manufacturer Chery to invest in Thailand
Chery Automobile, an electric vehicle (EV) manufacturer from China, has been granted promotional privileges to establish a production facility in Thailand by the Thailand Board of Investment (BOI).
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Corporate News
Strong earnings expected for Ancom Nylex
Niche agrichemical producer Ancom Nylex Bhd’s financial year 2024 (FY24) and FY25 earnings are anticipated to remain healthy despite some hurdles in the near term.
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Economy
China finance ministry echoes Xi’s call for bond trading at PBoC
China’s Finance Ministry says it supports allowing the central bank to trade government bonds, reaffirming President Xi Jinping’s position, which ignited market speculation about a change of monetary strategy.
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Economy
Strongest warning yet on readiness to intervene
Japanese Finance Minister Shunichi Suzuki says last week’s meeting with his US and South Korean counterparts has laid the groundwork for Tokyo to act against excessive yen moves, issuing the strongest warning to date on the chance of intervention.
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Economy
PMIs improve even as weak yen intensifies price pressures
Key gauges of Japan’s manufacturing and service activity improved in April to their highest levels in nearly a year even as the weaker yen intensified price pressure on companies, a sign that they are becoming more tolerant of inflation.
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Star Biz7
The art of branding
Joanne Chew, founder and creative director of Fictionist Studio, on delivering bold branding solutions through impactful storytelling and out-of-the-box design.
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Markets
Domestic institutional investors to sustain gains
Analysts believe local institutional investors can absorb the net selling by foreign portfolio funds on Bursa Malaysia and support the local market to hold on to the 7.4% gains made year-to-date (y-t-d).
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Corporate News
ITMAX’s new venture into smart township solutions a win
Hong Leong Investment Bank (HLIB) Research is positive about ITMAX System Bhd’s new venture in the development and deployment of smart city and smart integrated facilities and management solutions for townships and industrial parks.
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Corporate News
AirAsia Consulting in early talks for SAL acquisition
AirAsia Consulting is planning further engagement with the International Finance Corp (IFC) which is mandated to advise the Sri Lanka government on the divestiture of SriLankan Airlines Ltd (SAL).
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Corporate News
Inta Bina bags RM170mil job
Inta Bina Group Bhd has accepted a letter of award worth RM169.67mil from Next Delta Sdn Bhd for the construction and completion of main building works at Pekan Country Heights, Selangor.
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Auto
Vehicle sales dip 10% in March to 71,052 units
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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Corporate News
Wahed Ventures to raise RM239mil in five years
American financial technology or fintech and services company Wahed is confident of raising some US$50mil (RM239mil) over the next five years to be invested in startups via its fully syariah-compliant equity crowdfunding (ECF) platform, Wahed Ventures.
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Corporate News
Single Window platform for startups launched
The Science, Technology, and Innovation Ministry (Mosti) has officially launched the MYStartup Single Window, a centralised platform aimed at bridging the gap between founders, investors, talents and government agencies within the startup ecosystem, at the KL20 Summit.
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Economy
ASIAWATER 2024 set to chart course for water resilience
The topic of water security and how countries should manage it better has become a hotbed of activity in more recent times.
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Corporate News
CGSMY to expand private equity, venture capital
CGS International Securities Malaysia Sdn Bhd (CGSMY) expects growth in Malaysia’s private equity (PE) and venture capital (VC) market despite geopolitical tensions.
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Corporate News
Medical tourism to bolster private hospital growth
Medical tourism will continue to spur the growth in private hospital names such as KPJ Healthcare Bhd and IHH Healthcare Bhd.
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Corporate News
Cypark achieves initial ops for Merchang LSS3 plant
Cypark Resources Bhd’s 100MWac large-scale solar three (LSS3) hybrid solar plant project has achieved initial operations (IOD) as at April 21, 2024.
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Property
Sunway Property to preview latest offering on May 4
Sunway Property has opened its sales gallery for its newest property offering, Sunway Velocity 3, and will be previewing the first phase of the development on May 4.
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Corporate News
Axis-REIT shows improved quarterly performance
Axis Real Estate Investment Trust (Axis-REIT) remains positive about the outlook of its current financial year, buoyed by its existing asset portfolio.