Corporate News

Agape ATP secures RM106.56bil fuel supply agreements with Swiss One Oil & Gas

KUALA LUMPUR: AGAPE ATP Corporation, through its subsidiary ATPC Green Energy Sdn Bhd, has entered into two sales and purchase agreements (SPAs) with an aggregate value of approximately US$24 billion (RM106.56 billion) with Swiss One Oil & Gas AG.

Corporate News

OM Holdings completes US$168mil refinancing, strengthens capital management

KUALA LUMPUR: OM Holdings Limited's (OMH) wholly-owned subsidiaries, OM Materials (S) Pte Ltd and OM Materials (Sarawak) Sdn Bhd, have completed refinancing through a US$168mil syndicated debt facility.

Markets

Bursa Malaysia extends losses as Trump’s tariffs spark trade war fears, KLCI falls 0.89%

KUALA LUMPUR: Bursa Malaysia extended its losses by midday, deepening amid broad-based selling as US President Donald Trump's global tariff measures raised fears of a trade war that could trigger a recession and inflation.

Commodities

Gold falls as risk appetite dwindles on Trump's tariff clarity

GOLD prices fell on Friday as investors reassessed their risk outlook in the wake of U.S. President Donald Trump's tariff measures, which have provided more clarity on market trends but raised concerns over economic slowdown.

Energy

Oil set for worst week in months over Trump's new tariffs

OIL prices fell further in early Asian trade on Friday, and were on track for the worst week in months over U.S. President Donald Trump's new tariffs, stoking concerns over a global trade war that could weigh on oil demand.

Corporate News

Aussie glove maker Ansell stands to lose most with Trump's 'Liberation Day' tariffs

Shares in Ansell reversed course on Friday after having tumbled 25% from their February highs in the previous session, as the company unveiled plans to fully offset the tariff increases through pricing.

Business

Trump administration sued over Chinese import tariffs

New Civil Liberties Alliance, a conservative legal group, on Thursday filed what it said was the first lawsuit seeking to block Donald Trump's tariffs on Chinese imports, saying the U.S. president overstepped his authority.

Economy

RHB IB trims Malaysia’s 2025 GDP forecast to 4.5% amid tariff pressures

KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) has revised Malaysia's gross domestic product (GDP) forecast for 2025 downwards to 4.5 per cent from an earlier projection of 5.0 per cent, following rising trade tensions and recent tariff hikes that pose a threat to the nation's export-driven economy.

Markets

Bursa Malaysia slips at open amid global market jitters over US tariffs

KUALA LUMPUR: Bursa Malaysia opened lower as investor sentiment weakened following Wall Street's overnight losses and a selloff sparked by US President Donald Trump's reciprocal tariff announcement.

Forex

Ringgit retreats to open marginally lower as Trump’s tariff move weighs

KUALA LUMPUR: The ringgit retreated to open marginally lower today, weighed by pressure against the US dollar following United States (US) President Donald Trump's announcements on global reciprocal tariffs.

Business

Trump tariffs provoke world condemnation and fears of a US$2,300 iPhone

WASHINGTON/OTTAWA: Countries around the world threatened to ratchet up a trade war with the United States on Thursday as President Donald Trump's sweeping tariffs ignited fears of steep price increases in the world's largest consumer market.

Markets

Trading ideas: Tuju Setia, HI Mobility, Mayu Global, Ho Hup, Kimlun

KUALA LUMPUR: Stocks that may attract trading interest today following their latest corporate news include Tuju Setia Bhd, HI Mobility Bhd, Mayu Global Group Bhd, Ho Hup Construction Co Bhd and Kimlun Corp Bhd.

Markets

Fear grips markets as tariffs raise risks

For a brief moment, it looked like Wall Street's worst fears about President Donald Trump's tariff plans were misplaced, and a relief rally started rippling through markets. 

Corporate News

Kia CEO looks to Europe amid cloudy outlook

Kia Corp is aiming to sell more electric vehicles (EVs) in Europe as US President Donald Trump's auto tariffs and anti-EV policies cloud the outlook in the United States.

Corporate News

KLK’s FY25 FFB output growth assumption lowered

Kuala Lumpur Kepong Bhd's (KLK) initial fresh fruit bunch (FFB) output growth target of six million tonnes in the financial year 2025 (FY25) appears ambitious, given the negative output growth booked year-to-date (y-t-d).

Energy

Government’s RE initiatives good news for solar players

At least RM10bil in engineering, procurement, construction and commissioning (EPCC) contracts are up for grabs for solar players, as the government ramps up the renewable energy (RE) initiatives.

Cryptocurrency

Bitcoin succumbs to risk asset slump

Bitcoin and other major cryptocurrencies dipped after President Donald Trump imposed tariffs on US trading partners worldwide, triggering a slump in risk assets. 

Corporate News

Regulator, investigation slam ANZ risk culture

Leadership shortcomings and a problematic culture that didn't always keep bad behaviour in check were highlighted among the root causes of risk management flaws at ANZ Group Holdings Ltd, an independent review shows.

Markets

China raises US$826mil in first green sovereign bond

China has raised six billion yuan or about US$826mil in its first-ever green sovereign bond sale, highlighting the country's ambitions to bolster its environmental credentials to investors.

Economy

Exports stuck with at least 54% tariffs

The United States has hit China with the biggest-ever tariff hike on almost all Chinese products, bringing total levies to at least 54%, a move that could decimate Chinese shipments to the world's largest economy.