Markets

GESHEN Soars, MPI Dips In Today’s Bursa

On the broader market, it favoured decliners, outnumbering advancers 639 to 532, with 513 stocks unchanged. Trading remained subdued with 783 counters not traded and 25 stocks suspended. Today's market...

Investor Profit-Taking Dampens Bursa Malaysia’s Weekly Close

Bursa Malaysia concluded the week with a downturn as investors opted to lock in gains in specific technology and utilities stocks following a recent modest rally over three days. At...

Foreign Exchange Rates July 12, 2024

The closing foreign exchange rates, sourced from Bank Negara Malaysia and recorded at 5 p.m. on July 12, provide a comprehensive overview of currency fluctuations for the day.These rates,...

FBM KLCI Pulls Back On Profit-taking

The FBM KLCI dipped in early trading but is still on track to finish the week with gains. At 12:30 p.m., the key index had fallen by 4.39 points to...

Ringgit Strengthens Against U.S. Dollar

The ringgit continued its upward trend to open stronger against the US dollar on Friday, bolstered by the growing likelihood of an interest rate cut following softer US inflation...

Property

Astaka Kickstarts One Bukit Senyum Phase 3, Forms JV...

Astaka Holdings Limited (Astaka), an integrated property developer based in Johor, Malaysia, has kickstarted Phase 3 of One Bukit Senyum, the Group's flagship development, with the formation of a...

TAFI Secures RM207 Million Armani KPF2 Construction And Development...

Tafi Industries Berhad (TAFI) wholly-owned units, TAFI Home & Office Sdn Bhd (THOSB) have been awarded a construction contract for main building and associated works, while its T.A. Furniture...

Zainal Iskandar Ismail Appointed As Hektar REIT’s Non-Independent, Non-Executive...

Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar REIT), appointed Zainal Iskandar Ismail, 50, as the Non-Independent Non-Executive Director, effective immediately. With over 20...

News

Astaka Kickstarts One Bukit Senyum Phase 3, Forms JV With Malaysia’s Kimlun For Residential Skyscraper

Astaka Holdings Limited (Astaka), an integrated property developer based in Johor, Malaysia, has kickstarted Phase 3 of One Bukit Senyum, the Group's flagship development,...

IPI Continued Expansion Seen Despite Moderating To +2.4% YoY In May-24, Says MIDF Research

Malaysia’s IPI growth eased to +2.4%yoy in May-24 (Apr-24: +6.1%yoy), as a result of decline in mining output and slower growth in manufacturing output...

RGTECH Signs Term Sheet For RM52.5 Million Proposed Acquisition Of Rymnet Solutions

The Board of Directors of Radiant Globaltech Berhad (RGTECH) executed a legally binding term sheet with Un Sze Hau (Vendor) which sets out the...

TAFI Secures RM207 Million Armani KPF2 Construction And Development Contract

Tafi Industries Berhad (TAFI) wholly-owned units, TAFI Home & Office Sdn Bhd (THOSB) have been awarded a construction contract for main building and associated...

Minetech Resources Wins RM4.05 Million Banting Industrial City Contract

Minetech Resources Berhad’s (Minetech) wholly-owned subsidiary, Minetech Construction Sdn Bhd (“MCSB”), has received a Letter of Award from VED Engineers Sdn Bhd (VED Engineers)...

JAKS Partners CPECC INT’L To Develop Solar Photovoltaic Plants Under LSS5

JAKS Resources Berhad’s (JAKS) wholly-owned subsidiary, JAKS Solar Power Holdings Sdn Bhd has entered into a Memorandum of Understanding with China Power Engineering Consulting...

Rapid Mobility Introduces Unified RM7 Fare For Accessibility In Two States

Rapid Mobility services in Kuala Lumpur and Penang are set to introduce a unified fare of RM7 for two passengers per booking, including one...

Zainal Iskandar Ismail Appointed As Hektar REIT’s Non-Independent, Non-Executive Director

Hektar Asset Management Sdn Bhd, the manager of Hektar Real Estate Investment Trust (Hektar REIT), appointed Zainal Iskandar Ismail, 50, as the Non-Independent Non-Executive...

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Trade

ZTrade Enables Two-Way Cross-Border Digitised Trade Documentation

ZTrade, a Web 3 platform that facilitates the cross-border trading of goods with China,...

OCBC Estimates 2Q GDP Growth Higher At 4.9%

The industrial production index rose by 2.4% YoY in May versue 6.1% in April,...

Uzma Berhad’s Subsidiary Expresses Interest In Sale And Purchase...

Uzma Berhad’s 51%-owned subsidiary, Jannatul Firdaus International Sdn Bhd (JFI) had on 12th July...

Trade Provides Economic Growth Support As China’s Exports Surge...

China’s export surged in June, providing strong support for economic growth, however, analysts warned...

BNM Decides To Keep OPR At 3% Longer

The Central Bank today at irs Monetary Policy Committee meeting decided to maintain the...

Malaysia Continues Positive Trade Trajectory To Reach 8.7% Rise...

Bank Negara Malaysia forecasts the country's trade performance for 2024 to increase by 5.2%,...

Growth In All Sectors Led To Wholesale & Retail...

Malaysia’s Wholesale & Retail Trade registered monthly sales value of RM147.9 billion, expanded 7.1...

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