Corporate News

KLK launches RM3.5bil TechPark in Tanjong Malim

IPOH: KLK Land, a wholly owned subsidiary of Kuala Lumpur Kepong Bhd (KLK), is poised to generate a RM3.5bil gross development value (GDV) over the next 10 years through its KLK TechPark in Tanjong Malim.

Markets

Rakuten Trade lifts 2025 FBM KLCI target to 1,650

KUALA LUMPUR: Rakuten Trade Sdn Bhd has raised its FTSE Bursa Malaysia KLCI (FBM KLCI) target to 1,650 from 1,630 for 2025, buoyed by renewed foreign fund inflows into Asia.

Corporate News

Scientex proposes selective capital reduction to take SciPack private

KUALA LUMPUR: Scientex Bhd has proposed to privatise its subsidiary, Scientex Packaging (Ayer Keroh) Bhd (SciPack), via a selective capital reduction and repayment (SCR) exercise.

Economy

July wholesale, retail trade sales up 5% to RM156.4bil

KUALA LUMPUR: Malaysia's July 2025 wholesale and retail trade registered total sales of RM156.4 billion, a five per cent growth year-on-year (y-o-y), according to the Statistics Department Malaysia (DOSM).

Markets

FBM KLCI gains momentum at midday, tracking Wall Street’s record highs

KUALA LUMPUR: The FBM KLCI climbed steadily by midday, tracking Wall Street's record gains as investors positioned themselves ahead of the upcoming long weekend.

Energy

PETRONAS positions gas at the core of Asia's energy transition

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) is accelerating its transformation under Petronas 2.0, reshaping itself for the next decade and beyond. 

Business

Malaysia reins in data centre growth, complicating China's AI chip access

BEIJING/KUALA LUMPUR/SINGAPORE: Malaysia, a hotspot for data centres, is reining in the pace of expansion in a move industry insiders and analysts expect will hinder China's efforts to gain access to powerful chips that are crucial to improving its artificial intelligence capabilities.

Stock on the Move

Gamuda shares tick up after JV’s top bid for Singapore site

KUALA LUMPUR: Gamuda Bhd's shares ticked up in early trade Friday after the group announced that its wholly-owned unit, Gamuda (Singapore) Pte Ltd, together with joint venture partners Evia MSC Pte Ltd and H108 Pte Ltd, had placed the highest bid for a land parcel in Singapore.

Business

Backers of coffee unicorn Kopi Kenangan said to mull stake sales

BACKERS of Kopi Kenangan are considering selling some of their holdings in the Indonesian coffee chain, people familiar with the matter said.

Banking

OCBC Malaysia invests over RM10mil a year in AI-driven people development

KUALA LUMPUR: OCBC Malaysia is committing over RM10mil annually to people development programmes, with a significant focus on artificial intelligence (AI), reskilling and upskilling.

Energy

PETRONAS delivers Malaysia’s first locally blended SAF

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) has delivered Malaysia's first blended sustainable aviation fuel (SAF) to Kuala Lumpur International Airport (KLIA) for Malaysia Aviation Group (MAG), marking its in-house capability and readiness to provide continuous, scalable supply in the country.

Markets

FBM KLCI stays steady as Wall Street hits record highs

KUALA LUMPUR: The FBM KLCI started Friday steady, taking cues from Wall Street's record highs but still waiting for fresh local drivers.

Forex

Ringgit opens higher as weak US jobs data hits US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar on Friday as the greenback retreated after weaker United States (US) jobs data raised expectations of interest rate cuts.

Markets

Trading ideas: Gamuda, BAuto, Jasa Kita, MyNews, Unique Fire

KUALA LUMPUR: Stocks to watch on Friday include Gamuda Bhd, Bermaz Auto Bhd (BAuto), Jasa Kita Bhd and MyNews Holdings Bhd following their latest corporate news.

Business

Way found to quantify soil carbon changes

To mitigate climate change, afforestation worldwide has the potential to sequester up to five billion tonnes of carbon dioxide annually, according to scientific research led by a team from Sun Yat-sen University in Guangzhou, Guangdong province.

Economy

Vietnam transforms waste from landfill to lifeline

More than 67,000 tonnes of household solid waste are generated across Vietnam daily, yet only a fraction – just 20% to 25% – is recyclable.

Economy

Indonesia plans new zones for EV, halal sector

The government has announced plans to establish six new special economic zones (SEZs) covering various industries, from the halal sector to electric vehicles (EVs).

Support Line

SupportLine

D&O GREEN Technologies Bhd could be rising out of its sideways channel as the momentum indicators can be seen pacing higher.

Auto

Foreign carmakers cut local dealers’ role 

Foreign carmakers are accelerating a shift in South Korea toward direct sales, cutting back the traditional role of dealers, who have long controlled inventory and pricing.

Aviation

Thai airlines ramp up fleet expansion amid looming pilot shortage

Thailand's aviation industry is set for rapid changes over the next two to three years as airlines move to expand their fleets to pre-pandemic levels – and in some cases, beyond.