Corporate News

Orkim bags Boustead Petroleum job

Orkim Bhd has received a letter of award for a contract of affreightment (COA) from Boustead Petroleum Marketing Sdn Bhd (BHPetrol).

Energy

Malaysia steps up gas-fired power use in December

Malaysia boosted natural gas-fired power generation and slashed reliance on coal in December last year, grid operator data analysed by Reuters shows, as rising production bolstered local supply and helped expand liquefied natural gas (LNG) exports.

Banking

Hang Seng Bank shareholders approve HSBC's US$13.6bil buyout proposal

HONG KONG: Hang Seng Bank shareholders on Thursday approved a plan by its majority owner HSBC to take the bank private, in a landmark move to further boost the Asia-focused lender's presence in Hong Kong.

Aviation

Asia-Pacific airlines’ cargo demand growth up 10.3% in November

KUALA LUMPUR: Asia-Pacific airlines recorded a 10.3 per cent year-on-year (y-o-y) growth in air cargo demand in November 2025, while capacity increased by 8.4 per cent y-o-y during the same period, according to the International Air Transport Association (IATA). 

Forex

Ringgit ends lower after Trump's warning to defence firms drives safe-haven demand

KUALA LUMPUR: The ringgit ended marginally lower against the US dollar on Thursday, as investors shifted to safe-haven assets following US President Donald Trump's warning to defence contractors, an analyst said.

Corporate News

Orkim wins contract of affreightment from BHPetrol

PETALING JAYA: Orkim Bhd has received a letter of award for a contract of affreightment (COA) from Boustead Petroleum Marketing Sdn Bhd (BHPetrol).

Corporate News

IAB wins RM58mil water supply grid job

PETALING JAYA: Insights Analytics Bhd (IAB) has accepted a letter of award from Bumia Sdn Bhd to act as a sub-contractor for the proposed Betong regional water supply grid from Betong to Pusa, Betong division, Sarawak, worth RM58.42mil.

Corporate News

Sunway lodges RM10bil sukuk wakalah programme with SC

KUALA LUMPUR: Sunway Bhd has lodged the required documents with the Securities Commission Malaysia to establish a multi-currency Islamic medium-term notes programme of up to RM10bil in nominal value, based on the Shariah principle of Wakalah Bi Al-Istithmar (Sukuk Wakalah programme).

Corporate News

Alam Maritim wins RM29mil pipeline job from Vestigo Petroleum

PETALING JAYA: Alam Maritim Resources Bhd has received a letter of award from Vestigo Petroleum Sdn Bhd for the provision of free-span rectification works of a 12-inch full well stream TNAG pipeline (60km), worth RM29mil.

Corporate News

IGB REIT records RM280mil property revaluation gain

KUALA LUMPUR: IGB Real Estate Investment Trust (IGB REIT) has carried out a revaluation of its investment properties, recording a net revaluation surplus of RM234.4mil for the six months ended Dec 31, 2025.

Markets

EGHI eyes ACE Market listing

PETALING JAYA: EGH International Bhd (EGHI) is eyeing a listing on the ACE Market of Bursa Malaysia.

Markets

Bursa Malaysia ends lower as regional markets retreat

KUALA LUMPUR: Bursa Malaysia retreated on Thursday, tracking weaker regional markets, although buying interest emerged in select blue-chip stocks.

Energy

Oil prices rise after US inventory draw, Venezuela in focus

TOKYO/SINGAPORE: Oil prices rose on Thursday after two days of declines, as a larger-than-expected draw in U.S. crude inventories provided some impetus for investors to buy futures while they monitor developments in Venezuela.

Energy

Malaysia steps up gas-fired power use in December as reliance on coal falls

SINGAPORE: Malaysia boosted natural gas-fired power generation and slashed reliance on coal in December, grid operator data analysed by Reuters shows, as rising production bolstered local supply and helped expand liquefied natural gas exports.

Corporate News

Capital A says Bursa’s decision on time extension has no material impact

KUALA LUMPUR: Capital A Bhd clarified that Bursa Securities' decision not to approve its application for an extension of time to complete the distribution will have no material impact on the group's ongoing corporate exercises.

Banking

Bank Negara's international reserves rise to US$125.5bil as at Dec 31

KUALA LUMPUR: The international reserves of Bank Negara Malaysia (BNM) increased to US$125.5 billion as at Dec 31, 2025, from US$124.3 billion as at Dec 15, 2025.

Commodities

Indonesia mulls palm oil export levy hike to support biodiesel mandate

JAKARTA: Indonesia will likely increase its palm oil export levy to support the country's biodiesel mandate, energy ministry official Eniya Listiani Dewi told reporters on Thursday, citing tightening funds.

Retail

Uniqlo owner Fast Retailing books jump in quarterly profit, hikes annual forecast

TOKYO: The Japanese operator of the Uniqlo clothing brand, Fast Retailing, on Thursday said its first-quarter operating profit jumped 34% from a year earlier as it benefited from ‌strong sales at home and expansions in ⁠Europe and North America.

Commodities

Handcrafted gold market gaining increased luster

AS record gold prices meet a revival of traditional craftsmanship, Chinese people's appetite for so-called ancient-style, or gufa, gold jewelry reflects more than investment logic.

Corporate News

Kinergy-led consortium inks gas turbine supply deal for 1.5GW power plant project

KUALA LUMPUR: A Kinergy Advancement Bhd-led consortium has formalised an equipment supply agreement for a gas turbine and a generator, which it said is a key milestone in the development of a 1.5GW combined-cycle gas turbine (CCGT) power plant at the former Teknologi Tenaga Perlis Consortium (TTPC) site.