Markets

Ecuador bonds slide after referendum defeat

QUITO: Ecuador's bonds led losses in emerging markets Monday after voters rejected President Daniel Noboa's proposals for constitutional reform – a sharp and surprising repudiation of his attempt to consolidate power.

Markets

Is America a casino economy?

THERE is a frenetic, sweaty-palm feel to the US economy lately.

Corporate News

Speeding towards higher earnings

PETALING JAYA: 99 Speed Mart Retail Holdings Bhd is expected to extend its growth trajectory into 2026 as structural demand drivers, government support schemes and an expanding store footprint strengthen its position.

Corporate News

MUI Bhd to take asset-light strategy with Corus KLCC hotel sale

KUALA LUMPUR: Malayan United Industries Bhd (MUI Bhd) will explore hotel management and other hospitality-related businesses or assets despite having sold Corus Hotel KLCC located along Jalan Ampang here.

Corporate News

Ecobuilt sells Kapar land for RM5.74mil to reduce debt

PETALING JAYA: Ecobuilt Holdings Bhd has agreed to sell a piece of freehold industrial land in Kapar, Selangor, for RM5.74mil as part of its ongoing debt-reduction and financial restructuring efforts.

Corporate News

SCIB sells concrete subsidiary to YTL Cement for RM113mil

KUALA LUMPUR: Sarawak Consolidated Industries Bhd's (SCIB) wholly owned subsidiary, SCIB Holdings Sdn Bhd, has entered into a conditional share sale and purchase agreement (SSPA) with YTL Cement (Sarawak) Sdn Bhd, an indirect subsidiary of YTL Corp Bhd, for the proposed disposal of its entire 100% equity interest in SCIB Concrete Manufacturing Sdn Bhd (SCM) for RM113mil cash.

Corporate News

Dialog expects challenging economic environment ahead

PETALING JAYA: Dialog Group Bhd anticipates the economic environment to remain challenging in the short to medium term.

Corporate News

BAT Malaysia to raise cigarette prices from Nov 21

KUALA LUMPUR: British American Tobacco (Malaysia) Bhd (BAT Malaysia) has announced an adjustment in the prices of its cigarette products following the increase in excise duties under Malaysia's Budget 2026.

Corporate News

Paramount’s 3Q25 net profit up more than 50%

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.

Corporate News

Critical Holdings acquires land in Penang for RM11.5mil

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 metres with a semi-permanent building erected thereon from Rimbaco Sdn Bhd for RM11.45mil.

Forex

Ringgit extends technical correction, ends lower as US rate outlook remains uncertain

KUALA LUMPUR: The ringgit continued its technical correction, closing lower against the US dollar today, as traders and investors cashed in amid uncertainty over the United States interest rate outlook.

Corporate News

Lianson Fleet Group partners with PetroVietnam to explore JV in offshore drilling

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.

Corporate News

Dialog Group expands Pengerang Deepwater Terminals with BP deal

KUALA LUMPUR: Dialog Group Bhd has announced the expansion of Phase 3 at its Pengerang Deepwater Terminals (PDT) in Johor, Malaysia, following the signing of a conditional long-term service agreement (LTSA) with BP Singapore Pte Limited.

Corporate News

Nestcon wins RM355mil Kuala Lumpur apartment project

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.

Corporate News

Teo Seng remains optimistic after strong 9M25 performance

KUALA LUMPUR: Teo Seng Capital Bhd said its positive nine-month performance reinforces its commitment to sustaining growth and delivering profitable, sustainable returns to stakeholders.

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.

Markets

Bursa Malaysia ends in the red as more than 900 stocks decline

KUALA LUMPUR: More than 900 decliners dragged Bursa Malaysia lower on Tuesday, mirroring broad weakness across Asian markets.

Aviation

Airbus wins 150-jet order from flydubai

AIRBUS won a provisional order for 150 A321neo jets from flydubai on Tuesday, ousting Boeing as exclusive supplier to the fast-growing budget carrier and bouncing back from a muted start to the Dubai Airshow.

Markets

Japan's Nikkei plunges by most in seven months on tech selloff

TOKYO: Japan's Nikkei share average sank by the most in more than seven months on Tuesday, as investors sold off tech stocks following Wall Street's sharp decline overnight.

Corporate News

Glostrext posts record quarter, remains cautiously optimistic

KUALA LUMPUR: Glostrext Bhd, which delivered its strongest quarterly revenue and profit in the second quarter ended Sept 30 (2Q26), remains cautiously optimistic about its performance for the financial year ending March 31, 2026 (FY26).