BusinessToday | Malaysia's Premier Business News Portal

Wall Street Gains On Soft Inflation, Rate Hike Bet

Editor - August 13, 2026

US stocks rose on Thursday morning after another inflation reading that eased September rate-hike bets and a slew of earnings reports. The Dow Jones Industrial Average and S&P 500 both...

Markets

Oil-Related Stocks Drag Market Lower

Business Today Editorial - August 13, 2026

Bursa Malaysia closed lower on Aug 13 as selling pressure in oil-related counters weighed on the broader market, with the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) retreating 6.90...

Markets

Bursa Malaysia Losers Outpace Gainers 703 To 410

Business Today Editorial - August 13, 2026

Selling pressure dominated Bursa Malaysia as losers trounced gainers 703 to 410, with Hong Leong Bank Bhd leading the decliners while Nestlé (M) Bhd topped the gainers list. Hong Leong...

Markets

Foreign Exchange Rates Aug 13, 2026

Business Today Editorial - August 13, 2026

The closing foreign exchange rates, sourced from Bank Negara Malaysia and recorded at 5pm on Aug 13, 2026, provide a comprehensive overview of currency fluctuations for the day. These rates,...

Markets

Gold Takes A Breather After 2-Month High, RHB Sees...

Business Today Editorial - August 13, 2026

Gold prices pulled back from a more than two-month high on Thursday as traders paused after a recent rally, although RHB Investment Bank Bhd (RHB Research) maintained a bullish...

GuocoLand To Be Delisted From Bursa Malaysia On August...

Editor - August 13, 2026

GuocoLand (Malaysia) Bhd will be delisted from the Official List of Bursa Malaysia Securities with effect from 9am on Tuesday, Aug 18, 2026. Bursa Malaysia said the entire issued share...

News

UOA Development Appoints Late Major Shareholder Son, Kong Sze...

Editor - August 13, 2026

UOA Development Bhd has appointed Singaporean businessman Kong Sze Choon, 49, as its Non-Executive Chairman, effective Aug 13, 2026. The property developer said Kong will serve as a Non-Independent Non-Executive...

News

Gamuda Secures RM1.64 Billion Solar, Battery Hybrid Contracts In...

Editor - August 13, 2026

Gamuda Berhad has secured two Engineering, Procurement and Construction (EPC) contracts in Australia worth a combined AUD569 million (RM1.64 billion) for the development of the Ganymirra and Majors Creek...

News

ETA Group Secures RM13 Million Warehouse Construction Contract In Rawang

Editor - August 13, 2026

ETA Group Bhd has secured two construction contracts worth a combined RM13.17 million for the design and construction of industrial factory and warehouse buildings...

Global

Air India Mandates Pilot Drug Test After Mid-Air Plunge

Editor - August 13, 2026

Air India pilots will undergo mandatory drug screening starting Thursday (Aug 13), according to an internal memo seen by AFP, after a captain involved...

News

Selangor Mulls 30% Policy For Local Companies Involvement In Data Centre Supply Chain

Editor - August 13, 2026

Selangor Menteri Besar Dato Amirudin Shari said the state will not approve new data centre developments in areas without sufficient water and electricity capacity....

Global

China To Conduct US$147 Billion Outright Reverse Repo In Bid To Keep Banking System Liquidity

Editor - August 13, 2026

The People's Bank of China (PBOC), the country's central bank, said Thursday that it will conduct a 1-trillion-yuan (about 147.3 billion U.S. dollars) outright...

News

Tomei Enters JV To Expand Pawnbroking Business

Editor - August 13, 2026

Tomei Consolidated Bhd’s wholly owned subsidiary, Tomei Services Sdn Bhd, has entered into a joint venture agreement with TY Net Sdn Bhd to collaborate...

News

Keyfield 2Q Profit Drops 43% To RM24 Million On Lower Revenue

Editor - August 13, 2026

Keyfield reported profit after tax and minority interest of RM79.2 million for the first half of 2026, a 9.0% decrease from RM87 million in...

News

Pharmaniaga Saw 2Q26 PAT Jump More Than 3x To RM13 Million, Declares 0.48 sen Dividend

Editor - August 13, 2026

For Q2FY2026, Pharmaniaga Berhad recorded revenue of RM1.04 billion, representing a 12.3% increase from RM926.9 million recorded in the corresponding quarter of the previous...

News

Chin Hin Secures Shareholders’ Approval For RM66 Million Kota Damansara Industrial Acquisition

Business Today Editorial - August 13, 2026

Chin Hin Group Property Bhd (CHGP) has secured shareholders’ approval for its RM66 million acquisition of a 16,222 sq m leasehold industrial site in...