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Chips Fall In Place For Well Chip As Expansion Plans Kick Off

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Well Chip Group Berhad has reported a net profit of RM51.8 million for the first half of its 2026 financial year (1HFY26), meeting market...
News

Plantation Sector Bracing For “Very Strong” El Nino, CPO Price Could Edge Up

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The outlook for Malaysia’s plantation sector has strengthened after the US National Oceanic and Atmospheric Administration (NOAA) raised the probability of a “very strong”...
News

Bond Market Saw RM1.9 Billion In Foreign Inflow As Global Developments Influence Market

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Malaysian Government Securities (MGS) and Government Investment Issues (GII) yields were mixed, with investors remaining cautious amid uneven domestic economic data and continued uncertainty...
News

Weak US Data Should Keep Ringgit Firm Around 4.08-4.10 Levels

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The ringgit strengthened marginally against the US dollar, supported by growing expectations of a more dovish Federal Reserve outlook following weaker-than-expected US labour market...
Global

Hong Kong 1H2026 GDP Grew 5.1%, Highest In Five Years

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For the first half of 2026, Hong Kong's real Gross Domestic Product (GDP) grew by 5.1 percent over a year earlier, the strongest half-yearly...
Global

US Consumer Sentiment Weakened In August As Fuel Price Impacts Cost Of Living

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U.S. consumer sentiment weakened materially in August from July as consumers worried about rising living costs due to the conflict in the Middle East,...
News

PM: Government To Abolish University Colleges Act 1971

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The Prime Minister Datuk Anwar Ibrahim after a brief stay at the hospital this week, returned to attend his party's assembly and made a...
Global

China’s DJI May Get Exemption From Pentagon Drone Ban List

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A US appeals court on Friday (Aug 14) ordered a lower court to reconsider whether China-based DJI, the world's largest drone maker, should be...
Global

Hong Kong Targets To Release Its First Five-Year Plan In September

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Janice Tse Siu-wa, secretary for constitutional and mainland affairs of the Hong Kong Special Administrative Region (HKSAR) government, said on Friday that the HKSAR...
Global

China Rejects US Statement Over Planned Nature Reserve At South China Sea

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China on Friday urged the United States to stop playing up tensions and instigating confrontation in the South China Sea, Chinese foreign ministry spokesperson...
News

POS Malaysia 2Q Loss Narrows Slightly To RM43 Million On Higher Revenue

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Pos Malaysia Berhad announced its financial results for the second quarter ended 30 June 2026 (Q2 FY2026), reporting a rise of revenue of...
News

CIMB Indonesia Posts IDR3.19 Trillion Net Profit In 2Q Despite Higher Provisions

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CIMB Group Indonesian unit, PT Bank CIMB Niaga Tbk reported steady financial performance for the first half of 2026 (1H26), with consolidated loans rising...
News

UEM Sunrise Named In Lawsuit Over Claims Alleged In Puteri Harbour District Cooling Termination

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UEM Sunrise Bhd has been named as one of 13 defendants in a lawsuit filed by Jana DCS Sdn Bhd (Jana) at the High...
News

Atlan Holdings Group CEO Datuk Lee Steps Down, Becomes Group Advisor

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ATLAN Holdings Bhd’s Group Chief Executive Officer Datuk Lee Kok Khee will step down from his position and take on the role of Group...
News

UBB Investment Bank Fined RM10 Million For AMLA, Due Diligence Breach

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Bank Negara Malaysia and the Labuan Financial Services Authority have imposed a total RM10 million compound on UBB Investment Bank Limited (UBBIB) for breaches...
News

Coastal Contracts Secures RM175 Million Offshore Support Vessel Sale

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Coastal Contracts Bhd has secured a vessel sales order worth approximately RM175.78 million, adding to the shipbuilding group’s revenue pipeline for the current financial...
News

Hextar Global To Diversify Into Property Development With RM270 Million Siera Alam JV

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Hextar Global Bhd is diversifying into property development, construction, property investment and management as part of a broader strategy to expand its earnings base...
News

Trouble Waters For Keyfield As OSV Activity Remains Weak

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Keyfield International Bhd’s first-half FY2026 (1HFY26) core loss came in below expectations as weaker vessel utilisation, particularly among accommodation work barges (AWBs), continued to...
Markets

Chinese Yuan Strengthens Against USD To 6.78

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The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 10 pips to 6.7878 against the U.S. dollar Friday, according to...
News

Inflation To Remain Moderate At 1.5%-2.5% In 2026, BNM Governor

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Bank Negara Malaysia (BNM) expects inflation to remain moderate in 2026 despite evolving external cost pressures arising from the ongoing conflict in the Middle...
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