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Shamsul Azhar Abbas Appointed As Deleum Bhd Chairman

Deleum Bhd (Deleum) has appointed Tan Sri Shamsul Azhar Abbas as its chairman effective June 1, 2023, succeeding Datuk Izham Mahmud. Deleum said Izham will...

Asian Stocks Mark Two-Week High As Focus Turns To PMIs

Asian stocks crept to two-week highs in cautious trade Tuesday, helped by hints of progress toward avoiding a U.S. default and by resilience in...

Malaysia – UAE To Launch CEPA Negotiations To Uplift Trade Links

In light of strong aspirations to uphold the excellent bilateral trade relations between Malaysia and the United Arab Emirates (UAE), leaders have expressed their...

MITI Launches MyAero Centre To Strengthen Ecosystem Development

The development of a conducive ecosystem is vital in attracting more high-quality aerospace investments to Malaysia and to spur domestic  direct investment (DDI). Apart...

Elk-Desa Foresees Moderate Growth Amid Uncertainties, Declares Dividend of 3.5 Sen

Elk-Desa Resources Bhd’s 3Q23 core net profit advanced 37.5% YoY to RM7.6m, bringing a significant 87.9% jump in FY23 core net profit to RM47.9m....

Three Senior Board Members Leave MAHB

Malaysia Airports Holdings Bhd's (MAHB), which operates 39 airports across Malaysia, sees the exit of three directors who have stepped down effective immediately. MAHB said...

Taking Important Steps To Prevent Heat-Related Illnesses

Malaysia is currently experiencing scorching hot weather throughout the country. As of 17 May, the Ministry of Health has reported 15 cases of heat-related illness,...

Ringgit Lowered On Improved U.S. Dollar Demand

The ringgit opened marginally lower against the US dollar on better demand for the greenback on the expected increase of the US bond yields,...

U.S. Dollar Hits 6-Mth High Versus Yen

The U.S. dollar touched a six-month high against the yen on Tuesday as expectations grew that U.S. rates will remain higher for longer and...

Higher Gasoline Demand, Tighter Supply Causes Rise In Oil Prices

Oil prices climbed for a second day on Tuesday as investors expect a tighter market led by a seasonal rise in gasoline demand and...

No Deal On U.S. Debt Ceiling Yet

President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the U.S. government's $31.4 trillion debt...

KLSE May See Continued Consolidation

The Malaysia stock market on Monday halted the four-day winning streak in which it had advanced more than 10 points or 0.7 percent. The...

Japan’s Factory Activity Increases For First Time In 7 Months

Japan's manufacturing activity expanded for the first time in seven months in May, while the service-sector hit record growth, a survey showed on Tuesday,...

Stock Picks Of The Day – MCE, Magni-Tech Industries

MCE’s uptrend may be extended, after testing the immediate resistance. Yesterday (May 22), the stock charted a bullish candlestick on high volume, signalling that the...

Strong Rebound Signals Bullish Run For Hong Kong Stocks

The HSIF staged a strong rebound during Monday’s session, recouping 293 pts and closing at 19,683 pts. RHB Retail Research, in a note today (May...

Soft Start Expected For SGX

The Singapore stock market has tracked higher in three straight sessions, collecting almost 40 points or 1.3 percent along the way. The Straits Times...

U.S. Stocks Mixed Awaiting Washington’s Call

Stocks drifted to a mixed finish Monday, as Wall Street waited for the results of a pivotal meeting meant to avoid a potentially disastrous...

IBM Malaysia Leverages Local Partners for Hybrid Cloud, AI Growth

In an era where the adoption of cutting-edge technologies such as hybrid cloud and AI is imperative for business resiliency, enterprises are urged to...

Govt Urges Airlines To Use Sustainable Aviation Fuel: MOT

The government is encouraging more local airlines to use sustainable aviation fuel (SAF) to reduce the rate of carbon emissions in the country. Transport Minister...

HEB Group Net Profit 1Q23 Jumps 65.7% To RM4.23 million On High-Impact Project Progress

Engineering and project management consultant HSS Engineers Berhad (HEB Group; Bloomberg- HSS:MK) reported stellar performance in the first quarter ended 31 March 2023 (1Q23)...

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