Corporate News

Nike set to raise prices next week, plans to sell on Amazon again

Nike is planning to raise prices of some products from next week and will sell items on Amazon after six years, the company says.

Corporate News

Google’s Sergey Brin gifts shares worth US$700mil

Google co-founder Sergey Brin, tapping a personal fortune that exceeds US$140bil, has given nearly US$700mil in Alphabet Inc shares away as a gift.

Economy

Vietnam boosts rice trade through 2030

To enhance rice exports through 2030, the Industry and Trade Ministry (MoIT) has rolled out a series of new measures focused on stricter oversight, faster implementation of the national export strategy, and stronger trade promotion efforts.

Markets

Bond market warns US on dangers of deficit

In the world's biggest bond market, investors are pushing back against President Donald Trump's tax-cut plan.

Energy

Denmark’s US$4bil wind aid seeks industry reboot

Denmark, a global leader in wind power, spent five months licking its wounds after a failed auction for offshore turbines delivered a blow to expand even further.

Economy

Canada pension fund piles into US despite ‘Buy Canada’ priority

Currency effects have caused US assets to surge to nearly half of Canada's national pension fund, as its managers face pressure from within the country's business community to invest more domestically.

Corporate News

Sunway first-quarter revenue up to RM2.37bil

Sunway Bhd expects the outlook for the property market in Malaysia and Singapore to remain positive.

Corporate News

Mesiniaga wins RM252mil contract

Mesiniaga Bhd has secured a RM251.9mil contract from the Finance Ministry. The contract covers maintenance and infrastructure support services for the Integrated Government Financial and Management Accounting System or iGFMAS of the Accountant General's Department.

Insight

Can a chairman limit your voice at an AGM?

This AGM season, a troubling trend has emerged. At a number of meetings, shareholders were greeted with a caveat before the question and answer session even began – each shareholder would be allowed to ask no more than two questions.

Support Line

SupportLine

Tex Cycle Technology Bhd has showed signs of a return to a rally yesterday as it rose on buying interest.

Corporate News

Advancecon bags RM48mil building job

Advancecon Bhd via its wholly-owned subsidiary, Advancecon Infra Sdn Bhd, has been appointed the sub-contractor for the construction of the proposed Gerbil Data Centre in Bandar Springhill in Port Dickson, Negri Sembilan.

Corporate News

DNeX unit enters trade facilitation deal with Shanghai E&P

Dagang NeXchange Bhd's (DNeX) wholly owned subsidiary, Dagang Net Technologies Sdn Bhd (DNT), has entered into an agreement with Shanghai E&P International Inc (E&P) to provide cross-border trade facilitation solutions.

Markets

Shares2U aims to boost retail investor participation

With the intent of strengthening participation in the retail segment of Malaysia's capital market, Bursa Malaysia has launched an initiative called Shares2U.

Economy

April inflation remains steady

Headline inflation for April 2025 has risen at a rate of 1.4%, matching the pace of March but fractionally lower than the 1.5% seen in February.

Corporate News

Sarawak Plantation profit buoyed by rising CPO prices

Analysts remain cautiously optimistic on Sarawak Plantation Bhd (SPB), expecting stable near-term earnings supported by higher harvestable areas and firm crude palm oil (CPO) prices.

Corporate News

DELIVERING VALUE, EMPOWERING COMMUNITIES

Leading utility company Tenaga Nasional Bhd (TNB) today reaffirmed its commitment to long-term value creation through disciplined capital management, operational resilience and community-focused investments that benefit shareholders and the nation alike.

Corporate News

UEM Sunrise posts strongest 1Q profit since 2019

UEM Sunrise Bhd posted a profit after tax and non-controlling interests (Patanci) of RM20.5mil for the first quarter ended March 31, 2025 (1Q25), representing a 150% increase from the RM8.2mil recorded in the same quarter last year.

Corporate News

Dayang’s 1Q showing declines

Dayang Enterprise Holdings Bhd has secured a work order for the provision of a landing craft tank from PETRONAS Carigali Sdn Bhd.

Corporate News

KLK quarterly earnings rise 32% to RM154mil

Kuala Lumpur Kepong Bhd (KLK) posted a 31.8% year-on-year (y-o-y) rise in net profit to RM154.27mil for the second quarter ended March 31, 2025 (2Q25), driven by higher crude palm oil (CPO) and palm kernel (PK) selling prices, which bolstered plantation earnings despite a weak showing in its manufacturing segment.

Economy

Singapore maintains 2025 growth forecast at 2%

The government is keeping Singapore's economic growth forecast for 2025 at 0% to 2%, though it says the external demand outlook for the rest of the year has "improved slightly", given the tariff truces that have de-escalated global trade tensions.