Markets

FBM KLCI Rises Despite Weak China Growth, Trump Attack

The FBM KLCI gained ground in the early session, buoyed by increasing investor risk appetite in anticipation of a potential US rate cut in September. The domestic market mirrored the...

Asian Stocks Dip Amid Weak China GDP, Trump Shooting...

Most Asian stocks retreated on Monday following disappointing economic growth figures from China, while uncertainty over U.S. politics, following an assassination attempt on former President Donald Trump, also dented...

Genting Berhad’s Earnings Recover, Shares Lag

Genting Bhd (GENT MK) experienced a lacklustre year in terms of share price performance, despite a strong earnings recovery driven by increased visitor numbers at its Resorts World Genting...

Ringgit Opens Slightly Lower Against U.S. Dollar On Mild...

The ringgit opened slightly lower against the US dollar today due to mild profit-taking activities. At 8am, the ringgit edged down to 4.6725/6945 per US dollar, compared to last Friday’s...

Oil Steadies With Dollar Strength In Focus After Trump...

Oil was steady as an assassination attempt on former US President Donald Trump brought geopolitical risk back into focus, with China’s Third Plenum also kicking off on Monday. Brent traded...

Property

Property JV To Enhance Kimlun’s Earnings And Order Book

Kimlun Corporation embarked on a strategic RM600 million joint venture with Astaka Holdings Ltd. to develop a premium serviced apartment project in Johor Bahru. The project, named Arden @...

PKNS To Embark On RM3 Billion GDV Residentials In...

The Selangor state owned housing developer, PKNS is set to develop residential projects with a gross development value (GDV) of RM3 billion in Cyberjaya. The poject wich is scheduled for the next eight...

NIMP 2030 Among Catalysts For Industrial REIT

The industrial REIT sub-sector should continues to perform well with minimal occupancy rate risks and stable rental reversions. This is supported by the influx of investments and favourable government...

News

UMW Toyota Saw June Sales Slipping 10% To 7,600

UMW Toyota Motor Sdn Bhd reported its June vechile sales with total monthly sale recording 7,600 units which is roughly 10% lower compared to...

Public Gold Honors 600 Top Business Owners At Award Recognition Night

Public Gold, Malaysia’s leading physical gold trading company, celebrated its Top Achievers with the Grand Award Recognition Night 2024. Themed ‘Embrace, Empower, Excel, Transforming...

BUDI Individual Assistance To Be Paid Out On July 17

Nearly 120,000 owners of diesel vehicles, who have qualified for previous BUDI Individual assistance or until 30 June 2024, will receive a payment of...

KK Mart, Supplier Fined RM60,000 Over Socks Bearing ‘Allah’

The Shah Alam Sessions Court has fined KK Mart and its supplier, Xin Jian Chang Sdn Bhd, RM60,000 each for causing religious offence with...

TFHAM Announces 11th World Fujian Convention In Kuala Lumpur

The Federation of Hokkien Associations of Malaysia (TFHAM) is excited to announce the 11th World Fujian Convention, set to take place from November 7th...

Elridge Energy Signs With Kaf Investment Bank To Underwrite Ace Market IPO

Elridge Energy Holdings Berhad (EEHB) today signed an underwriting agreement with KAF Investment Bank Berhad (KAF IB) for the Company’s initial public offering (IPO)...

Advancecon Enters JV To Develop CLQs In Perak

Advancecon Holdings Bhd has entered into a joint venture cum shareholders' agreement with Perak Equity Sdn Bhd, a unit of Perbadanan Kemajuan Negeri Perak...

UUE Wins RM26.93 Million Cables Contract

UUE Holdings Bhd's wholly-owned subsidiary Kum Fatt Engineering Sdn Bhd has secured two contracts for the installation of underground cables and accessories valued at...

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Trade

AMRO Opines Malaysia’s Growth To Accelerate To 4.7%, Inflation...

Malaysia’s economic growth moderated last year to 3.6 percent amid a challenging external environment....

Going Forward, Export To Be Lifted By Semiconductor

Maybank Investment Bank has noted that the latest indicators point towards sustained strength in...

Ringgit Does Not Reflect Country’s Growth Prospects: Maybank

Ringgit continues to be primarily driven by external factors, namely expectations of major economies’...

OPR Stance Keeps Inflation Under Control Ahead Of RON95...

As widely expected, the Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) decided...

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,...

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 its Monetary Policy Committee meeting decided to maintain the...

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