Latest
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Markets
Wall St Week Ahead: Investors brace for tech earnings
Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve policy meeting and closely watched employment data in a week that could determine the near-term trajectory of US stocks following a bout of severe turbulence.
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Commodities
Oil ends week lower on China demand fears
Oil futures fell about 1.5% on Friday, finishing the week lower on declining Chinese demand and hopes of a Gaza ceasefire agreement that could ease Middle East tensions and accompanying supply concerns.
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Markets
Wall St settles higher on inflation data, tech stocks
Wall Street's major indices ended higher on Friday as investors flocked back to tech megacaps that had triggered broad sell-offs earlier in the week, and inflation data boosted optimism that the Federal Reserve will soon commence cutting interest rates.
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Corporate News
SKB Shutters readies for the future
One of the older companies listed on Bursa Malaysia, roller shutter manufacturer and exporter SKB Shutters Corp Bhd has had its fair share of challenges in the past.
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Corporate News
ESG reporting standards must be elevated
The environmental, social, and governance (ESG) criteria are a set of standards used to evaluate a company’s operations and performance in certain key areas.
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STARPICKS
GAMUDA AI ACADEMY SET TO BE GAME-CHANGER
Gamuda, one of the region’s renowned infrastructure groups, is set to revolutionise the construction and engineering industry in Malaysia, with the unveiling of the Gamuda AI Academy.
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Insight
Is the greenback debt or equity?
“Money is power, freedom, a cushion, the root of all evil, the sum of blessings,” so said the American poet Carl Sandburg.
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Insight
Do ESG scores boost valuation?
As Malaysia moves ahead in adopting best practices with respect to environmental, social, and governance (ESG) issues, companies listed on the Main Market of Bursa Malaysia are now required to disclose sustainability matters.
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Telcos
Picking up speed
MALAYSIA has made significant progress in its fifth-generation (5G) mobile network development since the technology’s initial rollout in the country in 2021.
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Insight
Fed may be two meetings away from policy mistake
The US inflation rate, which had surged to over 9% two years ago, is now around 3%. Based on current trends, it should settle at 2.5% to 3%, a range that most economists would deem consistent with financial stability, including a firm anchoring of inflationary expectations.
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Insight
Can Hong Kong make stablecoins safer?
In less than 18 months, global banks will have to confront a problem almost philosophical in its scope, but with practical cost implications: What is money, and who can say when something is or isn’t? Hong Kong hopes to get the job of helping make that distinction.
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Economy
China to resort to consumer stimulus
China's use of ultra-long treasury bonds to fund a consumer goods trade-in programme deviates from the usual playbook of boosting investment to support the economy and is fuelling expectations for more stimulus that targets household demand.
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Corporate News
Kucingko makes stellar debut on ACE Market
Kucingko Bhd made a sterling debut on the ACE Market of Bursa Malaysia with its shares closing 90% or 27 sen higher at 57 sen at close on its maiden trading day.
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Corporate News
Finding the right chemistry
When talking to Lee Cheun Wei about Ancom Nylex Bhd, one would think he is a chemist. But he is very much a numbers person, an accountant by training.
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Markets
Market bulls looking for new technology leaders
The artificial intelligence (AI) and technology-led rally in both Malaysian and global stocks is seen to be fading, even as the market searches for new leaders to emerge and drive growth.
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Corporate News
PETRONAS reaches FID on Pengerang biorefinery
Petroliam Nasional Bhd (PETRONAS) and venture partners Enilive S.p.A and Euglena Co Ltd have reached the final investment decision (FID) to develop a biorefinery in Pengerang Integrated Complex (PIC) in Johor.
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Economy
Fed rate-cut outlook limits forex volatility
Global markets in the past week were driven by expectations of a US Federal Reserve (Fed) interest rate cut in September.
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Property
KL Metro to build RM1.6bil five-star resort in PD
KL Metro Group will build its fourth property here – a five-star resort which promises to set a new benchmark in luxury and comfort – which will have an estimated gross development value of RM1.6bil.
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Telcos
Undoing the 5G monopoly
All eyes are on the future of Digital Nasional Bhd (DNB), Malaysia’s sole provider of fifth-generation (5G) wireless network.
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Corporate News
99 Speed Mart inks IPO underwriting agreement
99 Speed Mart Retail Holdings Bhd (99 Holdings) has signed a retail underwriting agreement with CIMB Investment Bank Bhd, Affin Hwang Investment Bank Bhd and RHB Investment Bank Bhd in conjunction with its upcoming initial public offering (IPO).