Corporate News

SFP Tech to acquire stake in RPM Holdings to expand into new markets

PETALING JAYA: SFP Tech Group had inked a memorandum of understanding with existing shareholders of RPM Holdings Inc to buy a stake in the latter as part of a strategy to expand its business in four new countries as well as seven different sites.

Forex

Ringgit ends stronger as trade war fears weigh on US dollar

KUALA LUMPUR: The ringgit ended the week firmer against the US dollar, supported by weaker sentiment towards the greenback amid escalating US-China trade tensions.

Corporate News

SkyWorld signs MoU to explore residential project in Ho Chi Minh City

PETALING JAYA: SkyWorld Development Bhd's wholly-owned subsidiary, SkyWorld Development (Vietnam) Company Ltd had entered into a memorandum of understanding (MoU) with Dong Me Kong Construction Manufacture Trading Service Company Ltd and Phu My Development Investment Joint Stock Company, to negotiate on developing a residential project in Ho Chi Minh City, Vietnam.

Nation

Malaysia to sign FTA with four-nation European bloc

PETALING JAYA: Malaysia and the European Free Trade Association (Efta) have successfully concluded negotiations for a free trade agreement (FTA), says Tengku Datuk Seri Zafrul Aziz.

Corporate News

TXCD wins RM85.5mil Subang Jaya tower job

PETALING JAYA: TXCD Bhd, formerly Ageson Bhd, has accepted a RM85.5mil subcontract from Vestland Resources Sdn Bhd to undertake sub-contract works for a tower block and infrastructure works in Subang Jaya, Selangor.

Corporate News

UUE Holdings bags RM28.1mil contract in Singapore

KUALA LUMPUR: UUE Holdings Bhd's wholly-owned subsidiary, Konnection Engineering Pte Ltd, has secured a S$8.39mil (RM28.1mil) contract in Singapore from Weng Guan Technology Pte Ltd.

Corporate News

Paragon Globe partners with GreenRE to boost green building initiatives

KUALA LUMPUR: Property developer, Paragon Globe Bhd (PGB) is collaborating with GreenRE Sdn Bhd, reinforcing its commitment to sustainable property development.

Markets

FBM KLCI selling pressure amid escalating US-China trade tensions

KUALA LUMPUR: The FBM KLCI ended lower today but closed off its intraday low, weighed down by losses in heavyweights amid the intensifying trade war between the United States and China.

Business

China hits back at Trump tariff hike, raises duties on US goods to 125%

BEIJING: Beijing on Friday increased its tariffs on U.S. imports to 125%, hitting back against U.S. President Donald Trump's decision to hike duties on Chinese goods to 145%, raising the stakes in a trade war that threatens to up-end global supply chains.

Economy

Taiwan to be one of first to talk tariffs with US, president says

TAIPEI: Taiwan is to be included in the first batch of trading partners to hold talks with Washington, President Lai Ching-te said on Friday, as his economy minister said the island could import over $200 billion worth of U.S. goods, much of it in energy.

Forex

Currencies firm as mighty dollar sinks; stocks subdued on tariff jitters

ASIAN currencies rose against the dollar on Friday as U.S. President Donald Trump's tariffs on trading partners prompted a rush out of the world's reserve currency, though stocks remained subdued on lingering tariff concerns.

Banking

AmBank Islamic and Tekun Nasional launch microfinancing programme for asnaf entrepreneurs

KUALA LUMPUR: AmBank Islamic has partnered with Tekun Nasional to launch the AmBank Islamic Qard Microfinancing programme, supporting asnaf entrepreneurs, known as Asnafpreneurs.

Business

Trump's week of tariff turmoil rings recession alarm

BEIJING/HANOI/WASHINGTON: A week of turbulence unleashed by U.S. President Donald Trump's tariffs showed little sign of easing on Friday, with financial markets again whipsawing and foreign leaders grappling with how to respond to a dismantling of the world trade order.

Commodities

Gold bolts past key US$3,200 mark on dollar slide, safe-haven flows

Gold prices breached the crucial $3,200/oz level for the first time on Friday, fuelled by a weaker dollar and an escalating trade war that sent investors rushing toward safe-haven assets.

Economy

Macro policies in pipeline to boost growth

China may soon launch a comprehensive set of additional macroeconomic measures to cushion a potentially substantial demand shock due to the United States' tariff hikes, reiterating its commitment to the preset annual economic growth target, said economists and advisers who are close to policymakers.

Markets

ACE Market-bound Fibromat aims to raise RM17.8mil from IPO

PETALING JAYA: Fibromat (M) Bhd, en route to a listing on Bursa Malaysia's ACE Market, aims to raise RM17.8 million from its initial public offering (IPO).

Economy

Manufacturing sector sales up 4.7% to RM153.1bil in Feb 2025 - DoSM

KUALA LUMPUR: Malaysia's manufacturing sector sales value improved

Economy

Malaysia's wholesale and retail trade records RM148.3bil in sales Feb 2025 - DoSM

KUALA LUMPUR: Malaysia's wholesale and retail trade sector recorded total sales of RM148.3 billion in February 2025, marking a year-on-year (y-o-y) growth of 5.1 per cent, said the Department of Statistics Malaysia (DOSM).

Economy

Malaysia's IPI rises 1.5% y-o-y in Feb 2025 - DOSM

KUALA LUMPUR: Malaysia's Industrial Production Index (IPI) increased by 1.5 per cent year-on-year in February 2025, driven by a rise in the manufacturing sector, according to the Statistics Department Malaysia (DOSM).

Markets

FBM KLCI shaves losses at midday, heavyweight banks drag

KUALA LUMPUR: The FBM KLCI pared losses to a 0.5% decline as investors picked up oversold stocks ahead of the weekend.