Economy

Operational excellence key to Asean's energy transition - TNB

KUALA LUMPUR: Operational excellence must go beyond cost efficiency to strengthen grid resilience, enhance real-time system visibility and support the safe and reliable integration of renewable energy as ASEAN's energy landscape continues to evolve.

Corporate News

Oppstar Technology, Alphaswift Industries gain access to Arm Technology

PUTRAJAYA: Two Malaysian companies, Oppstar Technology Sdn Bhd and Alphaswift Industries Sdn Bhd, have gained access to Arm Compute Subsystem (CSS) technology and the Arm Flexible Access (AFA) programme to accelerate integrated circuit design, research and development (R&D), and semiconductor technology development in Malaysia.

Corporate News

NexG clarifies RM7.5bil indicative price for possible DTSB acquisition by govt

KUALA LUMPUR: NexG Bhd today clarified that the request for an indicative price for the possible acquisition of its wholly owned subsidiary, Datasonic Technologies Sdn Bhd (DTSB), by the government was made by the Ministry of Finance (MOF) last month.

Forex

Ringgit opens higher against major currencies, eases vs US$

KUALA LUMPUR: The ringgit opened higher against most major currencies but eased slightly against the US dollar on Friday as investors turned cautious amid escalating tensions between the United States (US) and Iran, an economist said.

Markets

FBM KLCI little changed as traders stay defensive

KUALA LUMPUR: Malaysia's stock market is expected to end the week on a defensive note after Wall Street's overnight decline amid a resurgence in bond yields and concerns over borrowing costs.

Economy

Japan's core inflation accelerates in July, bolsters case for rate hike

TOKYO: Japan's core consumer inflation accelerated in July from a year earlier as firms passed on rising import costs from a weak yen and the U.S.-Israeli war on Iran, data showed on Friday, bolstering the case for a rate hike from the central bank.

Corporate News

Trading ideas: Dnex, YTL Power, Mah Sing, IJM, Hua Yang, TXCD, TM, Kossan, Genting, MPI, Kelington, YTL

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Markets

Wall St sinks as bond yields rise, Walmart disappoints

The three main US equity indices closed lower on Thursday as rising Treasury yields dented risk appetite while disappointing results from retail bellwether Walmart soured investors on the consumer sector and rallying oil prices fanned inflation worries.

Commodities

Oil settles over 2% higher on Trump Iran threat

Oil prices jumped more than 2% on Thursday to settle at the highest in nearly a month, after US President Donald Trump warned of retaliation against nations supporting Iran, his latest attempt to resolve a war that has stranded millions of barrels of Middle Eastern oil.

Economy

US set to cut tariffs on Canada metals and autos

The tentative trade deal between the United States and Canada would lower tariffs on certain Canadian exports of steel and aluminum to 25% and cut duties on Canadian auto exports to 15%, according to sources.

Corporate News

Moderna’s 177% surge burns shorts

A record surge in Moderna Inc's shares delivered a US$5.5bil blow to short sellers who had bet that the vaccine maker's years-long slump would continue.

Insight

When the school bell rings again

There is something wonderfully democratic about a school reunion.

Economy

AN EMERGING HUB IN THE CHIP SUPPLY CHAIN

Perak is rapidly emerging as a major high-tech manufacturing hub, leveraging its strategic positioning, robust policy stability, and dedicated fast-track investment facilitation to anchor the expansion of Malaysia's semiconductor and electrical and electronics (E&E) sector.

Economy

Destry stresses growth, vigilance in first BI meet

Interim Bank of Indonesia (BI) governor Destry Damayanti, widely expected to become the central bank's chief soon, conveys a restrictive monetary policy stance in a turbulent global economy but also emphasises the need to push growth.

Construction

IKN earmarks US$298mil for judicial buildings

The Nusantara Capital City (IKN) Authority plans to allocate 5.3 trillion rupiah (US$298mil) of its proposed 6.7 trillion rupiah budget for 2027 to continue the construction of legislative and judicial facilities in Indonesia's future capital, IKN Authority head Basuki Hadimuljono says.

Corporate News

Amway bottom line rebounds but sales remain weak

Amway (Malaysia) Holdings Bhd's second quarter of financial year 2026 (2Q26) core net profit has rebounded strongly, but persistent top-line weakness continues to cast a shadow over its full-year earnings outlook.

Economy

US debt breaches US$40 trillion mark

Total US debt has topped US$40 trillion for the first time, the Treasury Department says on Wednesday, drawing fresh warnings that a fiscal crisis is brewing as ballooning costs for social safety-net programmes and interest payments far outstrip revenues held back by tax cuts.

Corporate News

UEM Sunrise set for stronger 2H earnings

UEM Sunrise Bhd is on track for stronger earnings visibility in the second half of financial year 2026 (2H26), with land monetisation and firmer property billings expected to support growth.

Economy

S. Korea pitches AI, investment to US firms

Deputy Prime Minister and Finance Minister Koo Yun-cheol lays out South Korea's growth strategy for US business leaders in Seoul Wednesday, pitching the country's manufacturing and technology base as an opportunity for deeper investment and artificial intelligence (AI) cooperation while pledging continued financial-market reforms.

Corporate News

Solarvest set to benefit from LSS5 project ramp-up

Solarvest Holdings Bhd is expected to see stronger earnings from the second quarter of its financial year ending March 31, 2027 (2Q27), as the renewable energy group ramps up execution of its large-scale solar 5 (LSS5) and LSS5+ projects.