Banking

Maybank ready to support customers amid current geopolitical uncertainties

KUALA LUMPUR: Maybank remains ready to support customers amid current geopolitical and economic uncertainties, with financial assistance available and accessible through multiple channels.

Markets

Empire Sushi IPO retail offering oversubscribed 23.30 times

KUALA LUMPUR: Empire Premium Food Bhd's retail offering of 55 million issued shares has been oversubscribed by 23.30 times, with 35,577 applications for 1.33 billion issued shares received from the Malaysian public.

Corporate News

Cahya Mata deputy chairman Mahmud Abu Bekir Taib files suit

KUALA LUMPUR: Cahya Mata Sarawak Bhd (Cahya Mata) is facing a legal dispute involving its own deputy group chairman/director, Datuk Seri Mahmud Abu Bekir Taib (DSM), who has filed an originating summons against the company and 10 other parties at the High Court of Sabah and Sarawak.

Forex

Ringgit closes nearly flat vs greenback amid ongoing Middle East conflict

KUALA LUMPUR: The ringgit closed almost flat against the US dollar today as investors remained cautious amid the ongoing conflict in West Asia.

Telcos

U Mobile, TM holds 5G kick-off meeting, agreement being finalised

KUALA LUMPUR: U Mobile Sdn Bhd held a 5G collaboration project kick-off meeting with Telekom Malaysia Bhd (TM) yesterday, following the signing of a three-year 5G wholesale agreement in February 2026.

Commodities

Oil prices hover around US$110/bbl as Hormuz stays shut ahead of Trump deadline

LONDON: Oil prices hovered around $110 a barrel on Tuesday as a deadline imposed by U.S. President Donald Trump loomed for Iran to open the Strait of Hormuz or be "taken out".

Markets

Bursa Malaysia ends on a softer note amid escalating West Asia conflict

KUALA LUMPUR: Bursa Malaysia ended on a softer note, with the benchmarik index extending its decline to a fourth consecutive day, and falling by nearly 2.0 per cent cumulatively over the period, as investors adopted a defensive stance amid escalating geopolitical conflict in West Asia.

Corporate News

AWC unit accepts RM22.18mil plumbing job for data centre project

KUALA LUMPUR: AWC Bhd via its wholly-owned subsidiary Qudotech Sdn Bhd has accepted an RM22.18mil contract from a joint venture contractor for plumbing, silo tank and internal sanitary works in relation to a data centre project.

Corporate News

Uzma subsidiary bags RM60mil contract from EnQuest

KUALA LUMPUR: Uzma Bhd said its subsidiary Setegap Ventures Petroleum Sdn Bhd has securd an RM60mil contract from EnQuest Petroleum Production Malaysia Ltd for the provision of integrated well intervention and project management team (PMT) for the 2026/2027 EnQuest Well Intervention Programme (Package A8).

Corporate News

Aeon Credit Service records higher earnings of RM385.88mil in FY26

KUALA LUMPUR: Aeon Credit Service (M) Bhd expects to sustain its business momentum over the coming year as it reported earnings and revenue growth in the financial year ended Feb 28, 2026 (FY26).

Banking

Bank Negara international reserves at US$126.6bil as at March 31, 2026

KUALA LUMPUR: Bank Negara Malaysia's international reserves stood at US$126.6 billion as at March 31, 2026, compared with US$128.1 billion as at March 13, 2026.

Corporate News

Pharmaniaga proposes five-to-one share consolidation

KUALA LUMPUR: Pharmaniaga Bhd has proposed to consolidate every five of its shares held by shareholders into one share.

Markets

Bursa Malaysia lower at midday as West Asia conflict continues

KUALA LUMPUR: Bursa Malaysia ended the morning trading session lower as markets continued to reprice the protracted West Asia conflict.

Corporate News

Meta Bright secures RM8.5mil AmBank facility for expansion of EV charging ports

KUALA LUMPUR: Meta Bright Group Bhd's 51%-owned subsidiary Meta Bright Chargesini Sdn Bhd (MBC) has secured banking facilities of up to RM8.5mil from AmBank (M) Bhd to fund the next phase of its EV charging infrastructure expansion.

Banking

CIMB targets doubling wealth asset under management under Forward30 strategy

KUALA LUMPUR: CIMB Group Holdings Bhd is expanding its presence in ASEAN's fast-growing affluent and wealth segment as part of its Forward30 strategy, intending to grow its wealth asset under management (AUM) two-fold and deliver stronger wealth and cross-sell revenue by 2030.

Corporate News

Binastra, Eco-shop, Kelington among top companies for ESG investment in 2026 - RHB IB

KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) has selected five Malaysian companies, namely Binastra Corporation Bhd, Eco-Shop Marketing Bhd, Kelington Group Bhd, LAC Med Bhd, and MR DIY Group (M) Bhd, as its top environmental, social, and governance (ESG) investment "Diamonds in the Rough" for 2026.

Corporate News

Ekuinas acquires stake in country's leading local sterile pharmaceutical manufacturer

KUALA LUMPUR: Ekuiti Nasional Bhd has announced its investment in Ain Medicare Sdn Bhd, a leading Bumiputera home-grown manufacturer of serile parenteral pharmaceutical products, via its RM1bil Tranche VI fund.

Stock on the Move

IJM shares down in early trade as Sunway's takeover attempt lapses

KUALA LUMPUR: Share prices of IJM Corporation Bhd declined in early trade on Tuesday, while Sunway Bhd shares were marginally higher as Sunway's conditional voluntary general offer (VGO) had lapsed after failing to meet the condition of securing over 50 per cent shareholders' acceptance level in IJM.

Markets

Stocks struggle, oil jumps as Trump's Iran deadline looms

SINGAPORE: Global stocks wavered on Tuesday, while oil prices were perched near $110 per barrel as the prospect of escalation in the war in the Middle East and the looming deadline for a deal to be reached kept nervy investors on the sidelines.

Banking

Hong Leong launches new portfolio financing solution

KUALA LUMPUR: Hong Leong Bank Bhd has announced the launch of its new portfolio financing solution, reinforcing its commitment to designing customer-centric wealth management strategies.