Corporate News

Sakura Ferroalloys invests RM487.5mil in sinter plant, project Salamander

KUALA LUMPUR: Sakura Ferroalloys Sdn Bhd announced three major milestones namely the opening of its newly constructed sinter plant and refined ferromanganese converter with a total investment of RM487.5 million, as well as its fourth shareholder JFE Mineral & Alloy Co Ltd.

Business

Bursa Malaysia reprimands Ecobuilt, fines two former directors RM200,000 each

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Ecobuilt Holdings Bhd (ECOHLDS) and two of its former directors for breaching the Bursa Malaysia Securities Main Market Listing Requirements (Main LR). 

Corporate News

Sunway unit to acquire 40% stake in Engie-Sunway DCS for RM10.98mil

PETALING JAYA: Sunway Bhd's indirect wholly-owned subsidiary Sunway Property & Facility Management Sdn Bhd is proposing to acquire a 40% stake in Engie-Sunway DCS Sdn Bhd (ESDCS) from Sunway SK Sdn Bhd for RM10.98mil to strengthen its earnings prospects.

Corporate News

MPKL, NCT Group showcase NCT Smart Industrial Park at Tomorrow City Shanghai 2025

KUALA LUMPUR: NCT Group of Companies, together with the Kuala Langat Municipal Council (MPKL), showcased the NCT Smart Industrial Park (NSIP), Malaysia's first certified Managed Industrial Park, as a flagship model of the nation's smart city vision at the Tomorrow City Shanghai 2025 Conference.

Forex

Ringgit breaches 4.20 level against greenback ahead of widely expected US interest rate cut

KUALA LUMPUR: The ringgit ended the week on an upbeat note ahead of a widely expected interest rate cut by the United States next week.

Banking

EPF ceases to be major shareholder in Alliance Bank

PETALING JAYA: The Employees Provident Fund (EPF) has ceased to be a substantial shareholder in Alliance Bank Malaysia Bhd (ABMB) following the sale of 35.25 million shares in the bank.

Business

Late Nippon Paint tycoon’s fortune makes six grandchildren billionaires

HONG KONG: An academic in New York and the founder of a Bali charity are among six people who inherited stakes in the paint empire built by Singapore's second-richest man.

Technology

X-Fab's RM3bil expansion in Sarawak boosts Malaysia’s position as global semiconductor hub

KUALA LUMPUR: X-Fab, the global leader in analogue/mixed-signal and speciality semiconductor manufacturing, today unveiled a RM3-billion expansion of its semiconductor manufacturing facility in Sarawak.

Corporate News

Tomypak appoints Ignatius Ong as managing director

KUALA LUMPUR: Tomypak Holdings Bhd has appointed Ignatius Ong Ming Choy as its new managing director, effective Sept 17, 2025.

Corporate News

Ecoscience bags RM40mil contract for Johor refinery plant

KUALA LUMPUR: Ecoscience International Bhd (EIB) has secured a RM40mil contract for the construction and installation of a palm oils and fats refinery plant in Johor.

Corporate News

Maxim Global acquires nine-storey Southbank Block 6 for RM29.5mil

KUALA LUMPUR: Maxim Global Bhd is acquiring a nine-storey office tower, known as Southbank Block 6, on Old Klang Road for RM29.5mil.

Markets

Bursa Malaysia ends week on strong note as FBM KLCI closes above 1,600

​​​​​​​KUALA LUMPUR: Last-minute buying lifted the FBM KLCI past the 1,600 psychological level, tracking gains across regional markets ahead of the long weekend.

Energy

Oil prices extend losses on oversupply, US demand concerns

OIL prices fell on Friday, extending the previous session's hefty losses as concerns about oversupply and weaker U.S. demand outweighed worries about the risk of supply disruption from conflict in the Middle East and Ukraine.

Insurance

Takaful Malaysia expands beyond motor, credit products into life protection

KUALA LUMPUR: Syarikat Takaful Malaysia Keluarga Bhd (Takaful Malaysia) is broadening its portfolio beyond its core strengths in credit-related products and motor takaful by introducing individual life protection offerings.

Markets

Fed rate cut frenzy drives Asian stocks to record levels

EQUITIES in Asian emerging markets hovered near their lifetime highs and currencies advanced against the dollar on Friday, as bets on aggressive U.S. rate cuts drew investors into higher-yielding assets.

Markets

Bermaz Auto falls to lowest on record after profit slumps 88%

KUALA LUMPUR: Malaysian car distributor Bermaz Auto Bhd fell to a record low after its first-quarter net income slumped 88%, weighed by strong competition from Chinese automakers. 

Commodities

Gold set for fourth weekly gain on soft US data, Fed rate outlook

GOLD prices rose on Friday and were set for a fourth consecutive weekly gain, as mounting concerns over a weakening U.S. labour market eclipsed inflation worries ahead of a widely expected Federal Reserve rate cut next week.

Markets

Asian shares ride Fed easing hopes to record highs

SYDNEY: Asian share markets followed Wall Street higher on Friday as expectations for rapid-fire U.S. rate cuts promised to lower borrowing costs globally, a relief to stressed bond markets and a drag on the dollar.

Banking

Large lenders go all in on tech finance

CHINESE banks ramped up support for technology financing in the first half, with State-owned commercial lenders taking the lead and showing the early results of channeling financial resources into innovative enterprises.

Markets

ACE market-bound Cheeding aims to raise RM51.5mil from IPO

PETALING JAYA: Utilities engineering services provider Cheeding Holdings Bhd aims to raise RM51.5 million via its initial public offering (IPO), ahead of its ACE Market listing on Bursa Malaysia Securities Bhd on Oct 7, 2025.