Nation

146 nabbed in anti-drugs raid

CHUKAI: A total of 146 people, including four women, were detained by the National Anti-Drugs Agency (AADK) in a five-day operation carried out in Terengganu from last Saturday.

Corporate News

JAG Capital sells 30% stake for RM44.3mil

JAG Capital Bhd is disposing of its 30% stake in oil palm management firm Sinong Sepadu Sdn Bhd (SSSB) to Sinong Enterprise Sdn Bhd for RM44.3mil.

Economy

‘Reform, recalibrate response to global changes’

Malaysia should reform or recalibrate its response to changes in the global architecture, especially in trade, as they occur, says Malaysian Investment Development Authority (Mida) chairman Tengku Datuk Seri Zafrul Abdul Aziz.

Nation

Be wary of scams tied to World Cup

PETALING JAYA: With the 2026 World ​Cup less than two months away, the Association of Banks in Malaysia (ABM) has warned the public over potential scams related to the highly anticipated football tournament.

Other Sports

A new pole, and a higher vault for Sarah

PETALING JAYA: A new pole seems to have added a spring to Nor Sarah Adi's step.

Nation

Two charged over offensive Facebook posts

SEPANG: Two men faced court action over offensive social media posts, with one jailed after pleading guilty and another claiming trial on similar charges involving sensitive issues of race, religion and royalty (3R).

Corporate News

Italian firm Eni announces ‘giant’ Geliga gas discovery

Italian energy giant Eni announces a major gas discovery off the coast of East Kalimantan, with estimated reserves of five trillion cubic feet (Tcf) of gas and 300 million barrels of condensate.

Banking

China banks accelerating global expansion

As Chinese banks accelerate their global push in support of the country's high-level opening-up, international expansion is rapidly emerging as a new battleground.

Nation

Two NGO figures remanded over RM230mil zakat fraud

SHAH ALAM: A deputy chairman of an NGO has been remanded for four days to assist an investigation into an alleged misappropriation of about RM230mil in zakat funds.

Corporate News

KUB disposes of entire stake in GRP Holdings for RM13mil

Kumpulan Jetson Bhd (KUB) is disposing of its entire stake in GRP Holdings Sdn Bhd to THH Electrical Engineering Sdn Bhd for RM12.8mil.

Corporate News

PETRONAS Chemicals to prioritise domestic demand

PETRONAS Chemicals Group Bhd (PetChem) remains committed to prioritising domestic demand over exports to ensure the continued availability of high-quality products in the local market.

Forex

Ringgit closes lower against greenback

The ringgit closed slightly weaker against the US dollar yesterday as investors shifted towards safe-haven assets, while trading mostly higher against other major and regional currencies.

Corporate News

Capital One first-quarter profit misses estimate

Capital One Financial Corp, the biggest US credit card lender, reported a first quarter profit that missed Wall Street's estimate and set aside more cash to cover soured loans.

Corporate News

Apple’s new CEO faces talent‑retention test

John Ternus, Apple Inc's next chief executive officer, is up against a major challenge as he settles into the role: retaining top talent during a time of historic turnover. 

Insight

Iran war may crush oil demand today, but send it soaring long term

While oil demand destruction deepens with each passing day the Strait of Hormuz remains closed, the longer-term impact of the Iran war may paradoxically work in oil's favour.

Support Line

SupportLine

Eastern & Oriental Bhd surged yesterday to clear the 200-day simple moving average (SMA) as its resumed a bullish trend.

Corporate News

Quill Group inks MoU with China’s FAW for Hongqi distribution

Quill Group has inked a memorandum of understanding (MoU) with Chinese automobile manufacturer First Automotive Works (FAW) Group to be the importer and distributor of luxury car brand Hongqi in Malaysia.

Corporate News

Public Bank holds firm on growth trajectory

Public Bank Bhd is well-positioned to remain resilient against inflationary pressures, given its long-standing focus on high-quality assets, supported by its industry-leading loan loss coverage (LLC) of 150%, says Kenanga Research.

Energy

Energy safe-haven status grows amid Mideast war

The war in the Middle East is driving a shift in global energy investment, as capital increasingly flows toward more stable and diversified regions, with Malaysia regarded as a "safe haven" in South-East Asia.

Economy

Jakarta holds the line on subsidised prices

Energy and Mineral Resources Minister Bahlil Lahadalia warns prices of non-subsidised fuels could rise again as global oil prices remain volatile.