Latest
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Corporate News
YTL Corp quarterly revenue increases
YTL Corp Bhd expects the performance of its business segment to remain resilient going forward due to the essential nature of its operations.
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Corporate News
DRB-Hicom to sustain focus on digital transformation
DRB-Hicom Bhd will remain focused on advancing digital transformation across key sectors such as banking and postal services, as part of its ongoing efforts to improve operational efficiency.
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Commodities
Oil falls on potential further hike in Opec+ output
Oil prices slipped on Thursday as investors weighed a report that Opec+ is discussing a production increase for July, stoking concerns that global supply could outpace demand growth.
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Economy
Malaysia's fiscal consolidation remains on track with lower 1Q deficit
KUALA LUMPUR: The federal government's fiscal deficit decreased to RM21.9 billion in the first quarter of 2025 (1Q 2025), compared to RM26.4 billion in the same period last year, indicating that fiscal consolidation remains on the right track.
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Corporate News
Tomei’s 1Q net profit jumps 33% on strong gold demand
KUALA LUMPUR: Tomei Consolidated Bhd remains focused on strengthening its brand, expanding outreach through promotions, and adapting swiftly to market conditions, while acknowledging that global trade tensions and tariff risks may dampen broader economic sentiments.
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Corporate News
DRB-Hicom to focus on advancing digital transformation
PETALING JAYA: DRB-Hicom Bhd will remain focused on advancing digital transformation across key sectors such as banking and postal services, as part of its ongoing efforts to improve operational efficiency.
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Corporate News
Pharmaniaga gets three months extension to implement regularisation plan
KUALA LUMPUR: Bursa Malaysia Securities Bhd (Bursa Securities) today granted Pharmaniaga Bhd a three-month extension up to Aug 29, 2025 to implement its Regularisation Plan.
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Corporate News
YTL Corp expects its business to stay resilient
PETALING JAYA: YTL Corp Bhd expects the performance of its business segment to remain resilient going forward due to the essential nature of its operations.
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Markets
Bursa Malaysia launches Shares2U to boost retail investor participation
KUALA LUMPUR: Bursa Malaysia Bhd has launched Shares2U, a securities transfer scheme that enables participating organisations (POs) to reward retail investors with eligible Bursa Malaysia-listed shares as part of their marketing campaigns.
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Corporate News
KLK records higher earnings in 2Q25
PETALING JAYA: 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.
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Corporate News
Sunway expects positive property outlook amid strong 1Q25 profit growth
PETALING JAYA: Sunway Bhd expects the outlook for the property market in Malaysia and Singapore remain positive.
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Corporate News
Orgabio optimistic on instant beverage market growth
KUALA LUMPUR: Orgabio Holdings Bhd remains optimistic, supported by the instant beverage market's growth from US$61.64bil in 2023 to US$103.75bil by 2031, at a compound annual growth rate (CAGR) of 6.94%.
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Corporate News
Kossan expects cautious recovery in global glove market in 2025
KUALA LUMPUR: Kossan Rubber Industries Bhd expects to navigate a cautiously improving global glove market in 2025, supported by steady restocking activity and a gradual structural recovery in demand.
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Forex
Ringgit depreciates against US dollar on stronger US dollar index
KUALA LUMPUR: The ringgit ended lower against the US dollar today due to a stronger US Dollar Index (DXY) after the Moody's Ratings downgrade.
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Corporate News
Petron Malaysia posts higher net profit of RM81mil in 1Q
KUALA LUMPUR: Petron Malaysia Refining and Marketing Bhd posted a higher net profit of RM81.03 million in the first quarter (1Q) ended March 31, 2025, compared to RM69.71 million in the same period last year.
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Corporate News
UEM Sunrise posts best 1Q profit since 2019, up 150% to RM20.5mil
PETALING JAYA: 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 RM8.2mil recorded in the same quarter last year.
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Corporate News
Mesiniaga bags RM251.9mil government contract
KUALA LUMPUR: Mesiniaga Bhd has secured a RM251.9mil contract from the Ministry of Finance.
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Corporate News
Press Metal's 1Q net profit rises 13.2% to RM461.76mil
KUALA LUMPUR: Press Metal Aluminium Holdings Bhd's net profit for the first quarter ended March 31, 2025 (1Q 2025), rose by 13.2 per cent to RM461.76 million from RM408.03 million in the same period last year, mainly due to higher metal prices and stronger profit contribution from associated companies.
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Corporate News
EPF: External fund managers contribute 24% to 2024 income
KUALA LUMPUR: The Employees Provident Fund's (EPF) panel of external fund managers contributed a record 24 per cent to the retirement fund's total income in 2024.
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Corporate News
Uzma wins Malaysia’s remote sensing satellite project
PETALING JAYA: Uzma Bhd has announced that it has secured Malaysia's remote sensing satellite (PSPJN) project.
