Markets

Qube International eyes ACE Market listing

PETALING JAYA: Qube International Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.

Business

Government monitors global geopolitical risks to oil prices

KUALA LUMPUR: The government will continue to monitor the global geopolitical landscape from an economic perspective to assess potential impacts on oil price movements, said Treasury Secretary-General Datuk Johan Mahmood Merican.

Corporate News

Paramount buys Putrajaya land for RM323mil GDV development

KUALA LUMPUR: Paramount Corp Bhd is acquiring 2.62 acres of freehold land in Putrajaya as part of its land replenishment strategy, focusing on locations with strong fundamentals, connectivity and development readiness.

Corporate News

Vantris Energy secures RM1.4bil offshore T&I contracts from PETRONAS Carigali

PETALING JAYA: Vantris Energy Bhd, via its indirect wholly-owned subsidiary, Sapura Offshore Sdn Bhd, has been awarded work orders for offshore transportation and installation (T&I) in Malaysia by PETRONAS Carigali Sdn Bhd with a combined contract value of approximately RM1.4bil.

Corporate News

Tien Wah JV to develop data centre in Petaling Jaya with MyTelehaus

PETALING JAYA: Lum Chang Tien Wah Property Sdn Bhd (LCTWP), a joint venture company of Tien Wah Press Holdings Bhd (TWPH) and Kemensah Holdings Pte Ltd, has entered into an agreement with MyTelehaus Sdn Bhd (MYT) to develop, own, lease and operate a data centre on a portion of its land measuring approximately 1.61 acres in Petaling Jaya, Selangor.

Markets

Adnex signs IPO underwriting with Public Investment Bank

KUALA LUMPUR: Interior fit-out services provider Adnex Group Bhd has signed an underwriting agreement with Public Investment Bank Bhd (PIVB) for its initial public offering (IPO) ahead of its ACE Market listing on Bursa Malaysia Securities Bhd.

Markets

Late buying lifts FBM KLCI to intraday high

KUALA LUMPUR: The FBM KLCI staged a late rebound on last-minute buying, ending the session at its intraday high amid weaker regional sentiment.

Markets

Central Global to be reclassified under construction sector from Jan 12

KUALA LUMPUR: Central Global Bhd (CGB) will be reclassified under the Construction sector and Construction sub-sector on Bursa Malaysia Securities Bhd, effective 9 am on Jan 12, 2026.

Property

CBRE WTW: Malaysia’s real estate market to shift from resilience to relevance in 2026

KUALA LUMPUR: Malaysia's real estate market in 2026 is expected to evolve from resilience to relevance, underpinned by economic stability, policy reforms and infrastructure-led development, according to CBRE WTW Valuation and Advisory Sdn Bhd (CBRE WTW).

Markets

Kee Ming inks TA Securities underwriting ahead of ACE Market listing

KUALA LUMPUR: Kee Ming Group Bhd has signed an underwriting agreement with TA Securities Holdings Bhd to underwrite 24.38 million new shares ahead of its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Business

Kemaman Port expansion set for completion by 2028

KUALA TERENGGANU: Kemaman Port's expansion, encompassing three key components, is expected to be completed by 2028, the Kemaman Port Authority chairman Datuk Azan Ismail said.

Markets

Stocks slip from AI-driven record highs, currencies on the defensive

Emerging Asia shares declined for the first time in 2026 on Wednesday, after an artificial intelligence-led rally drove most benchmarks to record peaks, while currencies extended losses as the U.S. dollar held its gains ahead of key economic data.

Forex

Dollar on the defensive as traders await key US economic data

SINGAPORE: The dollar hugged tight ranges on Wednesday ahead of a slew of U.S. economic data that could set the tone for the Federal Reserve's rate outlook, a factor traders consider more consequential for currencies than ongoing geopolitical tensions.

Commodities

Gold slides from 1-week high on profit-booking, dollar strength

GOLD prices slid on Wednesday as investors booked profits after prices briefly climbed to a more than one-week high in earlier trade as a stronger dollar weighed on sentiment across ‌the precious metals complex ahead of key U.S. jobs data ⁠due this week.

Forex

China to expand institutional opening-up of forex market in 2026

BEIJING: The State Administration of Foreign Exchange has announced that it will expand high-level institutional opening-up and deepen facilitation reforms in the foreign exchange sector this year, according to the administration's annual work conference on Monday and Tuesday.

Corporate News

Hibiscus Petroleum raises estimate of 2P oil reserves at UK's Teal West field

KUALA LUMPUR: Hibiscus Petroleum Bhd has raised its estimate of proved and probable (2P) oil reserves at its Teal West field in the UK by 32% to 4.5 million barrels of oil (MMbbl).

Markets

CGS International upbeat on Malaysia's economy, sets KLCI end-2026 target at 1,810

KUALA LUMPUR: The outlook for Malaysia's economy remains positive for this year, as such, CGS International Securities Malaysia Sdn Bhd has set an end-2026 KLCI target of 1,810, supported by a strengthening ringgit and encouraging policy impacts.