Markets

Upcoming CPI Could Better Capture Diesel Impact: CGS

Inflation in Malaysia remained steady in June 2024, with the Consumer Price Index (CPI) maintaining a year-on-year increase of 2.0%, consistent with the previous month and slightly below market...

BAT Shows Resilience Amidst Market Challenges: CGS Says

British American Tobacco (BAT) reported a mixed performance in the first half of fiscal year 2024, with its core net profit slightly below market expectations despite a notable improvement...

Sik Cheong Continuing Vital Staples For The Masses, Targets...

With a legacy spanning over three decades, Sik Cheong Berhad (SCB) has entrenched itself in the repackaging, marketing, and distribution of RBD palm olein oil products. Serving a diverse...

Brearish Breakout For Hang Seng

The Hang Seng is seen extending the downside movement, declining 153 pts and closing lower at 17,348 pts. Yesterday, the index started off trading at 17,501 pts. It then...

Most Asian Stocks Fall After Big Tech Disappoints

Most Asian stocks declined following losses on Wall Street after an unimpressive start to the earnings reports from the “Magnificent Seven” megacap technology companies. Bloomberg reported today that equity benchmarks...

Property

Gamuda Launches Cluster Homes Called ‘Park Homes’

Gamuda Land has introduced ‘Park Homes’, a home typology concept that it is neither a terrace nor a semi-detached home – it is a category on its own which...

Positive On AME REIT Over Its Inorganic Growth Prospects

AME REIT’s 1QFY25 (Mar) earnings were in line with expectations, recording stable earnings growth from its fully occupied properties. The REIT also announced that it is acquiring four new...

Pilot Housing Projects In PJ, Shah Alam For Silver...

PKNS said it will build more senior-friendly homes in urban areas to ensure the welfare of the elderly, its chief executive officer Datuk Mahmud Abbas said the residences, to...

News

IGB REIT’s Q2 PAT Up 0.7% To RM81.5 Million

The manager of Midvalley mall, IGB REIT posted its second quarter results reporting a revenue of RM150.million which is an increase of 6.5%...

MARC Affirms AA Rating On UiTM Solar Power Dua’s RM87 Million Sukuk

MARC Ratings has affirmed its AA-IS rating on UiTM Solar Power Dua Sdn Bhd’s outstanding RM87.0 million Green Sustainable and Responsible Investment (SRI) Sukuk with a stable outlook....

Foreign Exchange Rates July 25,2024

The closing foreign exchange rates, sourced from Bank Negara Malaysia and recorded at 5pm, July 24, provide a comprehensive overview of currency fluctuations for...

Pesona Metro Submits Proposal For RM185 Million Sukuk Wakalah Programme

Pesona Metro Holdings Bhd has taken a significant step towards financial expansion by submitting a proposal to the Securities Commission Malaysia (SC) for the...

Dr Dzulkefly: ‘Healthy Choice’ Recognition For Companies In Line With ‘War On Sugar’

The Ministry of Health (MOH) plans to introduce a 'healthy choice' recognition programme aimed at encouraging companies to reduce sugar content in their products,...

Nestle Cuts Sales Growth Outlook As Consumers Become Increasingly Cost-Conscious

Nestle, the world's biggest packaged food company, lowered its sales outlook on Thursday, noting it had to slow its pace of price hikes earlier...

Govt Looking Into Easing Loan Processes For Oil Palm Smallholders, Minister Says

In an effort to streamline financial support for oil palm smallholders, the Ministry of Plantation and Commodities is poised to simplify the loan application...

Govt Discharges 142,510 Bankruptcy Cases

A total of 142,510 bankruptcy discharges were recorded through the Second Chance Policy initiative implemented by the government, exceeding the initial target of 130,000...

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Trade

MITI Looking Into Countervailing And Anti-Dumping Duties Act 1993

The Ministry of Investment, Trade, and Industry (MITI) is currently undergoing a review of...

Combining Small Rubber Plantations Could Decrease Rubber Imports Spending...

Plantation and Commodities Minister Datuk Seri Johari Abdul Ghani.Small said today that rubber plantations...

FX Market May Be Determined By Key Data Releases

Recent developments in the US elections and upcoming economic data have introduced notable volatility...

Govt Aims To Reduce Debt-To-GDP Ratio To 60% Within...

In line with the Public Finance and Fiscal Responsibility Act 2023, the government said...

Matrade: Penang Returns As Nation’s Top Exporter With RM177.99...

Penang returns as Malaysia’s top exporter for the period from January to May 2024,...

Malaysia Mulls Joining OECD To Maintain Trade Relations

Malaysia is considering joining several other international organisations, including the Organisation for Economic Co-operation...

GDP Estimates A Boost For Ringgit But Trump Factor...

After showing its strenght for the week at 4.66, the ringgit closed lower at...

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