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Markets

Wall Street Stocks Mixed On Hormuz Uncertainty, Awaits Fed Rate Decision

Editor -
Wall Street stocks were mixed on Tuesday on a record-setting rally as hopes faded for a swift return of Strait of Hormuz oil flows...
Global

China Tells Pakistan Deputy PM “No Turning Back, Less Of Force” On US-Iran Matter

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China has called for continued diplomatic engagement between the United States and Iran, stressing that ongoing talks must not be derailed and warning against...
Global

Meta’s Threads Reach 500 Million Users, Rolls Out New Features

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Meta Platforms said on Tuesday its Threads app had reached 500 million monthly active users, nearly three years after the social network platform was...
News

Tanco Share Price Jumps 15% After Clarifying Status

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Tanco Holdings Berhad saw its share price recover slightly after falling more than 80% in recent trading sessions, following the group’s statement that it...
News

Penang Chip Industry Mostly Unaffected By US-Iran War, But CM Welcomes Ceasefire

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The Penang state government has welcomed developments signalling a return to stability in West Asia, expressing hope that the situation will be fully realised...
News

MRCB To Develop RM2.1 Billion Data Centre In Bukit Jalil

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Malaysian Resources Corporation Berhad announced that it is expanding into the digital infrastructure sector through a strategic collaboration to develop an artificial intelligence (AI)-ready...
News

Datuk Kalimullah Relinquishes Alternate Director Role At ECM Libra

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ECM Libra Group announced that Dato’ Seri Kalimullah Masheerul Hassan has relinquished his position as Alternate Director to Akil Hassan Kalimullah, effective immediately following...
Global

Central Sulawesi On Emergency Mode After 6.7 Earthquake Struck Palu

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Indonesia's Central Sulawesi Governor Anwar Hafid has ordered emergency response measures after a magnitude-6.7 tectonic earthquake struck the Palu area on Tuesday. "Public safety is...
News

Paramount Corp Completes RM257 Million Acquisition Of Prime Kuala Lumpur Land

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Paramount Corporation Berhad (Paramount) announced that it has completed the acquisition of a freehold commercial land parcel located off Jalan Ampang, Kuala Lumpur, following...
News

Beshom Unit Hai-O To Gain RM52 Million From Disposing Kapar Land

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Beshom Holdings Berhad announced that its wholly-owned subsidiary, Hai-O Enterprise Bhd (Hai-O), has entered into a sale and purchase agreement with JT Development Sdn...
Markets

Dollar Drifts, Yen Remains Low Despite BOJ Rate Hike

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The dollar held near 10-day lows on Tuesday as a preliminary deal to end the Iran war buoyed risk appetite, while the yen teetered...
Global

Hong Kong Records 14% Jump In Visitor Arrivals To 23 Million From Jan-May This Year

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Hong Kong recorded approximately 23 million visitor arrivals in the first five months of 2026, up 14 percent year on year, the Hong Kong...
News

UEM Sunrise Secures Investor For RM903 Million Melbourne Housing Project

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UEM Sunrise Berhad has secured an investor for its AUD315.4 million (RM903.3 million) build-to-rent project in Collingwood, Melbourne via its wholly-owned subsidiary, UEM Sunrise...
News

Vantris, Formerly Sapura Energy, To Exit PN17 Status On June 18

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Vantris Energy Berhad, formerly known as Sapura Energy, is set to be uplifted from its classification as a Practice Note 17 (PN17) company effective...
News

Ahmad Zaki Subsidiary Slapped With Winding-Up Notice Over Unpaid Claims

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Ahmad Zaki Resources Berhad (AZRB) announced that its wholly-owned subsidiary, Ahmad Zaki Sdn Bhd (AZSB), has received a winding-up petition from Pathfinder M &...
News

PM And Top Delegates Head To Kazan For ASEAN-Russia Commemorative Summit

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Prime Minister Dato’ Seri Anwar Ibrahim is leading a delegation to the ASEAN-Russia Commemorative Summit in Kazan, Russian Federation, from 17 - 18 June...
News

EPMB Expands Melaka Assembly Plant With New Painting Facility

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EP Manufacturing announced that it will commence the construction of a new vehicle painting facility in Pegoh, Melaka, as part of its ambition for...
Global

China’s Fixed Asset Investment Drops 4.1% To US$2.62 Trillion This Year

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China's fixed-asset investment dropped 4.1 percent year on year in the first five months of 2026, official data showed Tuesday. The investment totaled 17.85 trillion...
News

Sarawak Plantation Pins On Higher Yield To Cushion Near-Term Margin Pressure

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MBSB Research has upgraded Sarawak Plantation Berhad to a “BUY” recommendation and raised its target price to RM3.90 from RM3.55, citing stronger earnings prospects...
News

Sum Technology May Play Proxy For Tech Boom, MBSB Sees 17% Upside From IPO Price

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MBSB said Sum Technology is well positioned to benefit from rising investments in the semiconductor and data centre sectors, according to an initial public...
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