"Business"

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7h ago

Commodities
Oil settles up 1% on Russia sanctions, interviews for next US Fed chair

HOUSTON: Oil prices settled higher on Tuesday after a choppy session as traders weighed the impact of Western sanctions on Russian oil flows, as well as U.S. President Donald Trump saying his administration had started interviewing for the next Federal Reserve chair.
7h ago

Markets
US stocks lose ground, gold resumes its climb as risk appetite sours

NEW YORK: Wall Street stocks closed sharply lower on Tuesday, extending a selloff prompted in part by the run-up to Nvidia earnings, which could test the artificial intelligence boom amid mounting valuation concerns.
8h ago

Corporate News
Ecobuilt to dispose of land as part of debt exercise

PETALING JAYA: Ecobuilt Holdings Bhd has moved to dispose of a freehold industrial land parcel in Kapar, Selangor, for RM5.74mil as part of its broader effort to strengthen its financial position through capital reduction and debt regularisation measures.
8h ago

Corporate News
Paramount’s 3Q25 net profit up more than 53%

PETALING JAYA: Paramount Corp Bhd's net profit jumped 52.6% year-on-year (y-o-y) to RM25.02mil in the third quarter ended Sept 30, 2025 (3Q25), even as its biggest business segment – property development – saw a double-digit drop in revenue.
8h ago

Corporate News
MFM posts jump in 3Q profit to RM36mil

PETALING JAYA: Malayan Flour Mills Bhd's (MFM) says that its net profit surged almost fivefold to RM35.8mil in the third quarter of this year (3Q25) compared with RM7.34mil a year earlier.
8h ago

Corporate News
Critical Holdings acquires land from Rimbaco

PETALING JAYA: Critical Holdings Bhd (CHB) is acquiring two pieces of freehold land and hereditaments in Bandar Jelutong, Penang, measuring approximately 2,425.619 sq m with a semi-permanent building erected thereon from Rimbaco Sdn Bhd for RM11.45mil.
8h ago

Corporate News
Chevron joins race to buy Lukoil assets

NEW YORK: US oil major Chevron is studying options to buy global assets of sanctioned Russian oil firm Lukoil, five sources familiar with the process SAY.
8h ago

Corporate News
RTS Technology acquires Work At Cloud

PETALING JAYA: LEAP Market-listed RTS Technology Holdings Bhd has entered into a share sale agreement (SSA) to acquire 100% equity interest in Work At Cloud Sdn Bhd (WAC) for RM18mil.
8h ago

Corporate News
LFG, Vietnamese firm ink JV for rig venture

PETALING JAYA: Lianson Fleet Group Bhd (LFG), formerly known as Icon Offshore, has signed a non-binding term sheet with Vietnam's PetroVietnam Drilling & Well Service Corporation (PVD) to explore a joint venture (JV) aimed at expanding their presence in the regional offshore drilling market.
8h ago

Corporate News
Teo Seng 9M25 revenue climbs to RM542mil

PETALING JAYA: Teo Seng Capital Bhd says its positive nine-month performance reinforces its commitment to sustaining growth and delivering profitable, sustainable returns to stakeholders.
8h ago

Telcos
Cautious outlook for CelcomDigi

PETALING JAYA: CelcomDigi Bhd's third quarter (3Q25) results slightly underperform analysts expectations due to margin pressure, leading to a downward revision in its earnings forecast despite the company's guidance remaining for financial year 2025 (FY25).
8h ago

Corporate News
Nestcon wins RM355mil apartment job

PETALING JAYA: Nestcon Bhd has accepted a letter of award (LoA) from Inter Sky Development Sdn Bhd to construct two blocks of 57-storey serviced apartments Taman Wahyu, Kuala Lumpur for RM355mil.
8h ago

Corporate News
IGB buys land in Perak for RM44mil

PETALING JAYA: IGB Bhd, via its wholly owned indirect subsidiary, Bintang Sentral Sdn Bhd (BSSB), has acquired two freehold land parcels totalling 24.3 acres in Bandar Meru Raya, Ipoh, Perak for RM43.65mil.
8h ago

Corporate News
Limited upside forecast for Nestle Malaysia

PETALING JAYA: Nestle (M) Bhd's valuations are stretched, suggesting that near-term upside is largely priced in, according to MBSB Research.
8h ago

Corporate News
Foodie Media’s 46 million followers to drive earnings

PETALING JAYA: Foodie Media Bhd's big follower base and content offerings will drive its earnings, supported by the group's business expansion plans and positive industry outlook, analysts say.
8h ago

Investment
Investment boom set to continue into 2026

PETALING JAYA: Amidst tariff wars and global headwinds, Malaysia has proven it is still able to attract a sizeable amount of investments, be it domestically or internationally.
8h ago

Corporate News
Sunway Property and Engie expand pact

KUALA LUMPUR: Sunway Bhd's property arm Sunway Property has strengthened its collaboration with low-carbon energy and services provider Engie with the expansion of the Sunway Square district cooling system (DCS) partnership via their joint venture Engie-Sunway DCS Sdn Bhd.
8h ago

Markets
Capital market outlook strengthens

PETALING JAYA: Political stability as well as recent positive regulatory changes have boosted the capital market outlook in Malaysia.
8h ago

Markets
PMW targets expansion in Sarawak

KUALA LUMPUR: PMW International Bhd is set to accelerate its expansion in Sarawak following its ACE Market listing, driven by the group's confidence in strengthening its manufacturing and infrastructure capabilities.
8h ago

Corporate News
Workboat disposal favourable to Keyfield

PETALING JAYA: The move by Keyfield International Bhd to dispose of its six-year old dynamic positioning two accommodation workboat (DP2 AWB), Keyfield Compassion (CPS), is a favourable one as it shows strong demand for its AWB vessels despite weakness in upstream demand, says Kenanga Research.