Corporate News

ACE Market-bound GHS posts 1Q net profit of RM1.5mil

PETALING JAYA: ACE Market-bound Guan Huat Seng Holdings Bhd posted a net profit of RM1.51mil for its first quarter ended Oct 31, 2025 (1Q26), on the back of RM20.14mil in revenue.

Aviation

AAX redesignates Benyamin Ismail as GM, appoints Bo Lingam as group CEO

KUALA LUMPUR: AirAsia X Bhd (AAX) has redesignated its chief executive officer (CEO) Benyamin Ismail to the position of general manager, effective today, as part of the consolidation of AirAsia Group's aviation business under AAX.

Corporate News

Favelle Favco secures RM76.3mil crane orders

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

Corporate News

IJM confirms MACC, IRB presence at office

KUALA LUMPUR: IJM Corp Bhd said officers from the Malaysian Anti-Corruption Commission (MACC) and Inland Revenue Board (IRB) were present at the company's office today to obtain information as part of their process.

Corporate News

CAB Cakaran buys industrial building in Pahang for RM2.8mil

PETALING JAYA: CAB Cakaran Corp Bhd is proposing to acquire a single-storey detached industrial building annexed with a double-storey office in Kuantan, Pahang, from Fah Leong Sdn Bhd for RM2.8mil.

Forex

Ringgit firms against greenback on economic resilience

KUALA LUMPUR: The ringgit edged higher against the US dollar at Monday's close and was mixed against its ASEAN peers, supported by signs of Malaysia's economic resilience after advance gross domestic product expanded a stronger-than-expected 5.7 per cent in the fourth quarter of 2025.

Corporate News

PJBumi forms JV with Chinese firm for oilfield equipment production

PETALING JAYA: PJBumi Bhd's wholly-owned subsidiary, PJBumi Heavy Engineering & Services Sdn Bhd has entered into a joint venture (JV) with Chinese-based INTLEF Horizon Pressure Control (Jiangsu) Co Ltd to form a new company which is set to undertake new projects within Malaysia, Indonesia and any other country.

Business

Malaysia-born billionaire investor Cheah Cheng Hye puts quarter of wealth in gold

For three decades, Datuk Seri Cheah Cheng Hye was a face of value investing in Asia, building Value Partners Group Ltd. into a multi-billion dollar stock-picking powerhouse. 

Corporate News

Rianlon’s RM1.27bil project boosts Johor’s high-value manufacturing push

JOHOR BAHRU: Rianlon Corporation's decision to establish a research and development (R&D) and manufacturing facility in Johor reflects strong and sustained investor confidence in the state as a regional hub for high-value and technology-driven investments.

Corporate News

Opensys wins RM22mil cash recycling machines supply contract

PETALING JAYA: Opensys (M) Bhd has received and accepted a purchase order (PO) from an existing customer, Reachful Malaysia Sdn Bhd, for the supply of new cash recycling machines (CRM) worth RM22.05mil.

Corporate News

Reservoir Link secures its first CCS solutions contract

PETALING JAYA: Reservoir Link Energy Bhd's 60% owned subsidiary, Reservoir Link SoluEons Sdn Bhd, has been awarded a contract by Hibiscus Oil & Gas Malaysia Ltd for the provision of PM3 CAA carbon capture and storage (CCS) project – third party subsurface review and technical assurance.

Energy

PETRONAS appoints Mohd Jukris as COO effective Feb 1, 2026

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) has appointed Mohd Jukris Abdul Wahab as chief operating officer (COO) with effect from Feb 1, 2026.

Markets

FBM KLCI ends flat ahead of Bank Negara policy meeting

KUALA LUMPUR: The FBM KLCI closed almost flat on Monday, with investor sentiment subdued ahead of Bank Negara's policy meeting this week.

Energy

Oil down as easing Iran unrest dampens geopolitical risk premium

NEW DELHI: Oil prices were down on Monday after rising during the previous session as civil unrest in Iran subsided, lowering the chance of a U.S. attack that could disrupt supply from the major Middle Eastern producer.

Banking

CIMB boosts customer protection with new biometric authentication in Octo App

KUALA LUMPUR: CIMB Bank Bhd has introduced new biometric authentication in combination with its SecureTAC approval feature in its Octo App (application) as an additional layer of security for customers.

Stock on the Move

IJM tumbles 5%, short selling suspended amid MACC probe

KUALA LUMPUR: Shares of IJM Corporation Bhd extended losses in afternoon trading, falling 5% or 14 sen to RM2.66 as at 4.09 pm, with 90.42 mil shares changing hands.

Banking

China set to keep rates steady for eighth month, some traders wager on Q1 easing

SHANGHAI: China is expected to leave benchmark lending rates unchanged for an eighth straight month in January, a Reuters survey showed, but some traders are betting on a policy rate cut in the first half to underpin an economy struggling to fire on all engines.

Commodities

Gold, silver hit record highs as Trump-Greenland row sparks safety rally

GOLD and silver prices climbed to fresh peaks on Monday, as investors poured into safe-haven assets after U.S. President Donald Trump threatened to impose extra tariffs on European countries over the control of Greenland.

Business

Aeroline-Corus KLCC agreement ceases with hotel closure

KUALA LUMPUR: After a 23-year journey together, the partnership between Aeroline and Corus Hotel KLCC has come to an end.

Forex

Rupiah flirts with record lows on fiscal concerns, trade war risks

THE Indonesian rupiah slipped below the 16,900 per dollar mark for the first time in nine months on Monday, as it continued to be pressured by concerns about the country's fiscal discipline, while external tariff-related risks also weighed.