Energy

Oil dips on oversupply sentiment but sanctions limit decline

SINGAPORE: Oil prices fell on Wednesday as an industry report showed higher crude inventories in the United States, the world's biggest crude consumer, reinforcing concerns of oversupply, though price declines were limited by sanctions on Russian oil.

Plantations

Sarawak Oil Palms focuses on yield improvement amid land cap

KUALA LUMPUR: Malaysian palm oil producer Sarawak Oil Palms Bhd is focusing on maximising yields from existing plantations as the state grapples with lower productivity compared to other regions in Malaysia.

Banking

Indonesia central bank pauses easing cycle again

JAKARTA: Bank Indonesia held its key interest rates unchanged for a second straight policy review on Wednesday, as expected, opting to continue with efforts to reinforce the impact of past rate cuts as the rupiah comes under renewed pressure.

Business

BWYS anticipates growth in 2026 with strategic projects underway

KUALA LUMPUR: BWYS Group Bhd expects 2026 to be a year of growth, supported by healthy domestic demand and steady progress across its strategic projects.

Auto

Automotive sector TIV surges 30% in October, highest month year-to-date

KUALA LUMPUR: Malaysia's automotive sector total industry volume (TIV) surged 30 per cent to 75,992 units in October 2025 from 58,490 units in September, marking the highest month for the year-to-date (YTD), according to the Malaysian Automotive Association (MAA).

Markets

Orkim launches IPO, plans expansion with new tankers

PETALING JAYA: Orkim Bhd, Malaysia's largest clean petroleum product (CPP) tanker operator, has launched its initial public offering (IPO) at 92 sen a share, seeking to raise RM92mil from the public portion of its Main Market listing.

Energy

Tenaga Nasional incurs losses of RM4.6bil from crypto power theft

KUALA LUMPUR: Malaysia's national utility firm Tenaga Nasional Bhd (TNB) has incurred losses of more than US$1bil from illegal power usage by cryptocurrency miners between 2020 and August this year, the energy ministry said.

Corporate News

Luxury brands rise as LVMH takes notice

BERNARD Arnault, CEO of LVMH, made a visit to China last month — the third year in a row — continuing his strategic focus on the region's luxury market. However, this year's trip marked a notable turn. It is reported that Arnault spent time in Shanghai visiting emerging local luxury brands Songmont and Laopu Gold.

Corporate News

Musk’s xAI in advanced talks to raise US$15bil at US$230bil valuation, WSJ reports

ELON Musk's artificial-intelligence startup xAI is in advanced talks to raise $15 billion in fresh equity at a valuation of $230 billion, the Wall Street Journal reported on Tuesday.

Economy

Ringgit rise reflects strong economic fundamentals, boosts investor confidence

KUALA LUMPUR: The recent strengthening of the ringgit versus the US dollar reflects Malaysia's underlying economic fundamentals and rising investor confidence in the country, said Sunway University economics professor Dr Yeah Kim Leng.

Corporate News

EcoWorld, SD Guthrie, PDT to develop RM3.75bil GDV Eco Business Park 8 in Kulai

KUALA LUMPUR: Eco World Development Group Bhd and SD Guthrie Land Ventures Sdn Bhd have entered into a strategic partnership with Johor's state investment arm, Permodalan Darul Ta'zim Sdn Bhd (PDT), to develop a new integrated industrial park in Kulai.

Markets

FBM KLCI higher at midday, bucks regional trend

KUALA LUMPUR: Bursa Malaysia's benchmark index ended the morning session higher amid mild accumulation in selected heavyweights, despite the weaker performance in regional markets.

Plantations

AI boom is turning Malaysia’s palm oil estates into data centers

MALAYSIA's palm oil giants, long-blamed for razing rainforests, fueling toxic haze and driving orangutans to the brink of extinction, are recasting themselves as unlikely champions in a different, potentially greener race: the quest to lure the world's AI data centers to the Southeast Asian country.

Economy

Malaysia Oct exports jump 15.7% to record-high RM148.32bil - Miti

KUALA LUMPUR: Malaysia's exports rose 15.7 per cent year-on-year (y-o-y) to RM148.32 billion in October 2025, reaching a record high driven by stronger manufacturing shipments and sustained demand for electrical and electronic (E&E) products.

Corporate News

Solarvest's net profit doubles y-o-y to RM18.73mil in 2Q

KUALA LUMPUR: Solarvest Holdings Bhd anticipates a satisfactory overall performance in the coming year as the clean energy firm posted improved earnings in the second quarter of financial year 2026 (2QFY26) amid the execution of utility-scale solar projects under the Corporate Green Power Programme (CGPP).

Aviation

Malaysia Airlines, Trip.Biz in pact to enhance travel solutions for SME

KUALA LUMPUR: Malaysia Airlines and Trip.com group's business travel unit Trip.Biz have signed a memorandum of understanding (MoU) to deliver enhanced business travel solutions to small and medium‑sized enterprises (SMEs) across key business travel markets in Asia, Europe, and other regions globally.

e-Commerce

Asean cross-border QR payment surges to RM12.9mil transactions in 1H25 - Bank Negara governor

KUALA LUMPUR: ASEAN cross-border Quick Response (QR) payment has surged, reaching 12.9 million transactions in the first half of 2025, said Bank Negara Malaysia Governor Datuk Seri Abdul Rasheed Ghaffour.

Stock on the Move

Aquarium operator Aquawalk makes ACE Market debut down one sen from IPO price

KUALA LUMPUR: Aquawalk Group Bhd opened at 30 sen in its ACE Market debut on Bursa Malaysia today, one sen below its initial public offering (IPO) price of 31 sen, with 26.49 million shares traded.

Economy

Asean must act on tariff fallout with clearer trade rules - Bank Negara governor

KUALA LUMPUR: ASEAN must address the immediate fallout from the rise in tariffs by defining the rules of origin more clearly, closing transhipment loopholes, and developing trade diversion safeguards, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour.

Property

OSK Property to unveil Bayu68 as first commercial hub in Seremban's Iringan Bayu

KUALA LUMPUR: OSK Property is set to unveil Bayu69, the first commercial development in its 1,717-acre OSK Iringan Bayu township in Seremban, that will serve as a business hub for the existing community and the growing population of the area and neighbouring housing areas.