Latest
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Banking
ABM: Banking industry will thrive under Abdul Rasheed’s leadership at Bank Negara
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) believes the new Bank Negara governor Datuk Shaik Abdul Rasheed Abdul Ghaffour's impeccable track record, vast knowledge and experience will be key in leading the central bank.
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Markets
Wall St Week Ahead: Investors rethink recession plays, boosting US stock market laggards
A US stocks rally is showing signs of expanding beyond the cluster of giant growth and tech names that have led gains this year, as investors reposition portfolios primed for a widely expected recession.
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Corporate News
PETRONAS ready to tackle volatile market
Petronas CEO Tengku Muhammad Taufik says the outlook for the rest of the year is challenging, but the company is committed to long-term investment.
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Property
FUTURE-READY BUSINESS HUB
Eco Business Park V is a thriving industrial hub located in Puncak Alam. The 29ha park is 85% occupied and is EcoWorld Malaysia's largest green business park.
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Markets
Calls for clear reforms
The Malaysian stock market has been performing poorly, with the FBM KLCI at its lowest in years. This is due to a number of factors, including foreign investors selling shares and a decline in investor confidence.
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Short Position
Short Position: What's next for Ge-Shen?, Chickens and eggs
Two new directors have emerged as substantial shareholders in Ge-Shen Corp Bhd. It remains to be seen what they will do for the company, which reported a loss in its latest quarter.
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Corporate News
EPF Q1 investment income rises
The Employees Provident Fund’s global equity investments helped it post a 3% year-on-year higher investment income of RM15.16bil in the first quarter to end-March.
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Economy
Abdul Rasheed is new Bank Negara governor
Datuk Shaik Abdul Rasheed Abdul Ghaffour has been appointed the new Bank Negara governor, replacing Tan Sri Nor Shamsiah Mohd Yunus, who completes her five-year term on June 30.
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Corporate News
MBSB to take over MIDF in RM1bil share deal
Malaysia Building Society Bhd (MBSB) will take over Malaysian Industrial Development Finance Bhd (MIDF) from Permodalan Nasional Bhd (PNB) in an all-share deal valued at RM1.01bil.
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Business
Bond market key to ending Sri Lanka’s crisis
SRI Lanka is only about a quarter of the way to meeting its commitments to the International Monetary Fund (IMF), but the results of reform are already beginning to show in the bond market. The big missing piece is restructuring of domestic liabilities.
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Markets
Second half 2023 likely bodes well for Bursa
Some analysts and fund managers believe that the FBM KLCI is undervalued and underperforming, despite its PE ratio being in line with regional peers. This is likely due to the index's heavy weighting on banking stocks and listing ground rules that focus on market capitalisation and liquidity.
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Property
Tackling the housing affordability issue
Despite government initiatives, affordable housing remains a challenge in Malaysia. The current policy requires private developers to build affordable homes at controlled prices, very often at below cost, which may not be sustainable.
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Property
Delinquent office loans trouble commercial mortgage bond market
Near-empty office buildings, already a problem plaguing US cities, are becoming a worry for mortgage bondholders as landlords fall behind on repayments at the fastest rate in five years and the difficulty of refinancing the loans grows.
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Business
Another washout quarter
Despite its relative attractiveness, Bursa Malaysia has some ways to go before it can find its footing due to poor company earnings, political headwinds, and external uncertainties.
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Markets
Tech firms face challenges from weak ringgit, softening markets
Malaysian technology stocks are facing headwinds from a depreciating ringgit and slowing demand from key export markets. The recovery of the tech sector is uncertain, as most companies have primary exposure to customers in the Western hemisphere.
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Insurance
Digitalisation of insurance claims
The insurance industry is moving towards digital processing of motor claims to improve efficiency and convenience for all parties involved. This is in response to challenges such as unsolicited parties, questionable providers, and time-consuming traditional processes.
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Corporate News
INTRIX Group on expansion trail
Unlike most SMEs, INTRIX Group started operations abroad 20 years ago and expanded to Malaysia later. The water purifying company's founder Tee Tone Vei says this was because they saw an opportunity in the export market and wanted to be ahead of the competition.
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Corporate News
Funding Societies expects to distribute RM100mil by end of 2023
Digital finance platform for small and medium enterprises Funding Societies Malaysia expects to distribute at least RM100mil in funding by year-end through its Islamic financing product collection, which includes Business Term Financing-i, Micro Financing-i and Invoice Financing-i.
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Corporate News
Pioneering sustainability in property and construction
As the global conversation around sustainability gains momentum, businesses are compelled to re-evaluate their practices and align them with the principles of environmental stewardship and social responsibility.
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Corporate News
Bursa securities approves AirAsia X's fund raising exercise
KUALA LUMPUR: AirAsia X Bhd (AAX) has received Bursa Securities approval for the listing and quotation of 32.26 million new shares to be issued under its proposed placement on the Main Market of Bursa Malaysia.
