Markets

Can Equities Extend Gains?

It took two soft US economic reports and an approving nod from Fed Chair Powell for equity markets to regain record highs. As flagged last week, after a softer-than-expected...

MPI Lead Gainers Rising 3% While UTDPLT Ends Week Lower

The week ended with gainers outnumbering losers 846 to 374 on KLSE with 497 counters unchanged, 652 untraded and 10 others suspended. Among the top gainers are MPI, the semiconductor...

Stocks On Upbeat Mode With 846 Gainers Amid GDP...

Shares on Bursa Malaysia closed in an upbeat mode Friday as investors cheered the nation’s first-quarter (1Q) gross domestic product (GDP) growth, which beats consensus estimates. At 5pm, the FTSE...

Foreign Exchange Rates May 17, 2024

The closing Foreign Exchange rates (from Bank Negara) as at 5pm, May 17 are as presented below:   Foreign Currency UnitsBuyingSelling1 U.S. Dollar4.6854.691 Australian Dollar3.11653.12261 Brunei Dollar3.47663.48231 Canadian Dollar3.4353.4397100 Cambodian Riel0.11390.11531...

Bursa Malaysia’s Rally Pushes On Amid Regional Profit-taking

Bursa Malaysia remained resilient amidst profit-taking pressures observed in regional markets, maintaining an upward trajectory during the early session. The index displayed signs of a rally approaching midday, particularly...

Property

Berjaya Launches Times Square 2 Serviced Residence

Berjaya Times Square Sdn Bhd, a subsidiary of Berjaya Assets Bhd, has launched Times Square 2 Kuala Lumpur locate adjacent to Berjaya Times Square and Bukit Bintang City Centre...

S P Setia Records 40% Jump In Q1 Profits...

S P Setia reported a profit before tax rose to RM181.2 million in Q1 2024, representing a 56% increase compared to the same period in the previous year, while...

MK Land CEO To Cease Office In June

MK Land said its Chief Executive Officer Datuk Ahmad Faris Yahaya will be ceasing office on June 30 as his contract will be expiring. Dato’ Faris was appointed as the...

News

Beijing Goes Offensive, Launches Anti-Dumping Probe On EU, US, Taiwan And Japan

China on Sunday started an anti-dumping investigation into polyformaldehyde copolymer imported from the European Union, the United States, China's Taiwan region and Japan, according...

Malaysia Needs 84 New Fire Stations

A total of 84 new fire stations are needed to enhance the quality, capability, and efficiency of the Fire and Rescue Department in delivering...

Elon Musk In Indonesia To Launch Starlink

Tycoon Elon Musk arrived on the Indonesian island of Bali on Sunday (May 19) ahead of the planned launch of SpaceX's Starlink internet service,...

Covid-19 Cases Rises 14% To 1,230, MOH Closely Monitoring New Variant

The Ministry of Health released the latest Covid-19 case statistics in Malaysis whereby for the Week of 12 to 18 May 2024 the number...

NationGate Gets SC Nod For Main Market Transfer

Nationgate Behad has informed that the Securities Commission of Malaysia has approved the transfer of the entire listing from the ACE Market to the...

Systech’s Major Shareholder Dato Hooi Appointed Executive Director

Systech Berhad has appointed a prominent equity investment strategists, Dato' Hooi Jia Hao as the company's Executive Director. Dato Hooi began his career as a...

Tariff Move Undermines US Economy Rather Than Enhancing It

With a claimed purpose of enhancing America's economic future and national security, Washington has launched a fresh round of tariff war against Chinese products,...

Singapore Raises Security At Checkpoints After Johor Attack

Singapore has heightened its security levels at checkpoints in Tuas and Woodlands after a pre-dawn attack at Ulu Tiram police station in Johor shook...

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Trade

MATRADE Inks Deal With Uzbekistan’s Largest Business Federation

Malaysia External Trade Development Corporation and the Chamber of Commerce & Industry of Uzbekistan...

APEC Expects Regions Growth Will Reach 3.4% In 2024

APEC is of view that growth in its region will reach 3.4 percent in...

Ringgit On Right Trajectory After Friday Closing At 4.68

The ringgit strengthened to below the 4.70/USD level at 4.68 as of Friday evening...

Selangor IC Design Park’s Office Space To Expand 50%...

The Selangor's Integrated Circuit (IC) Design Park in Puchong is planning to expand its...

Trade Mission To Egypt, Libya Bears Fruit With RM250...

Malaysia External Trade Development Corporation (export drive mission to North Africa region especially in...

Malaysia’s Inflation In 2023 Was Slower At 2.5%: DOSM

According to the Department of Statistics, Malaysia's inflation in 2023 recorded a slower increase...

US Based Panduit Opens New Manufacturing Plant In Johor

Panduit, a global leader and manufacturer of  cutting-edge electrical and network infrastructure solutions, has...

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