Markets

US Stocks Edge Higher As Earning Season Kicks-Off

The Dow and S&P 500 notched new highs on Friday, with the broader index closing above 5,800 for the first time as big US banks got earnings season underway. The...

Bitcoin Hits Unusually Calm ‘Uptober’ as Traders Await Election

Bitcoin has settled into an unusually calm period as traders remain on the sidelines awaiting the outcome of the upcoming US election. The original cryptocurrency moved less than 5% for...

Foreign Exchange Rates Oct 11, 2024

The closing foreign exchange rates, sourced from Bank Negara Malaysia and recorded at 5pm on October 11, 2024 (Friday) provide a comprehensive overview of currency fluctuations for the day. These...

Nestle Leads Gainers As Public Bank Loses 5.7%, LPI...

The nation's long-standing dairy products provider, Nestle Malaysia Bhd today gained 90 sen to end the day at RM104.60. Fraser & Neave Holdings Bhd, the popular beverage supplier, also surging...

Chinese Markets Retreat As Investors Await Announcement

Chinese stocks closed lower on Friday, with the benchmark Shanghai Composite Index down 2.55 percent to 3,217.74 points. The Shenzhen Component Index closed 3.92 percent lower at 10,060.74 points. The combined...

Property

Yong Tai Files RM76.6 Million Countersuit Against Kerjaya Prospek

Yong Tai Berhad informed that its wholly-owned subsidiary, Apple 99 Development Sdn Bhd has filed a counterclaim against Kerjaya Prospek (M) Sdn Bhd, a wholly-owned subsidiary of Kerjaya Prospek Group Berhad, for...

East Coast Mall An Unappreciated Mall That Delivers Resilient...

CGS International says the East Coast Mall by CapitaLand Malaysia Trust is an unappreciated mall that delivers resilient performance, this comes after analysts from CGS visited the mall in...

Fajarbaru Disposes Equity In Australia Unit For RM12 Million

Fajarbaru Builder Group Bhd announced that its subsidiary has entered into Share Purchase Agreement with Mayfair International Investments Pty Ltd to dispose of 44.44% equity interest in BFB Project...

News

The Block Divide And The Future Of UN

The recently concluded 79th United Nations General Assembly (UNGA) provided little to no credible impact on the growing dire global conflict scenarios, further hampered by...

China Rolls Off World’s Largest Floating Offshore Wind Turbine

The world's most powerful floating offshore wind turbine, with a generating capacity of 20 megawatts, has rolled off the production line in Yancheng city,...

When Good News Becomes Bad News

US stocks scaled record highs and the US 10-year government bond yield rose above 4% after a surprisingly strong jobs report for September revived...

Benchmark KLCI Gains 3.58 This Week, Settles Below 1635

This week, the benchmark Kuala Lumpur stock index, the FTSE Bursa Malaysia KLCI (FBM KLCI), gained 3.58 points, or up 0.22%, from last Friday's...

TikTok Malaysia Layoff Won’t Impact Content Moderation Process

TikTok’s decision to reduce its workforce will not impact its operations, and the company is cooperating with local authorities, particularly in content research and...

Glostrext Seeks Power In Acquiring Powertecs

Geotechnical instrumentation and testing service provider Glostrext Bhd is tapping into power system with a proposed acquisition of 70% stake in Powertecs System Sdn...

China Shores Up Property Sector, Signals More Spending Is Coming

China promised new measures to support the property sector and hinted at greater government borrowing to shore up the economy, as authorities seek to...

Yong Tai Files RM76.6 Million Countersuit Against Kerjaya Prospek

Yong Tai Berhad informed that its wholly-owned subsidiary, Apple 99 Development Sdn Bhd has filed a counterclaim against Kerjaya Prospek (M) Sdn Bhd, a wholly-owned subsidiary...

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Trade

Budget 2025: Govt Expected To Keep Growth Target Of...

Budget 2025 is expected to focus on sustaining Malaysia’s growth by aligning with the...

Ringgit Expected To Trade Sideways Ahead Of Budget ...

The ringgit is projected to trade sideways against the US dollar next week amid...

Wholesale And Retail Sales Grew 4.7% In August To...

Malaysia's Wholesale & retail trade sector continues to demonstrate resilience with total sales in...

Manufacturing Sales Value Down To 7.7% In August

The Manufacturing sector's sales value moderated to 7.7 percent to reach RM163.9 billion in...

August IPI Moderates To 4.1% But Remains Solid On...

The Industrial Production Index (IPI) moderated to 4.1 per cent in August 2024, as...

Robust Q3 GDP Estimates Could Boost Bond Inflows

MGS and GII yields climbed this week, rising between 1.4 bps to 8.1 bps....

Ringgit Depreciation Exceeds Expectations

The ringgit has extended its decline, nearing the 4.30/USD mark. Kenanga said while it...

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