Corporate News

Unique Fire buys land for RM16mil

Unique Fire Holdings Bhd is acquiring a parcel of vacant industrial land in Klang, Selangor for RM15.54mil in view of its future business expansion.

Economy

Job market poised for resilient growth

The labour market is likely to stay steady for the rest of the year, with continued job creation and a low unemployment rate.

Corporate News

JS Solar’s IPO oversubscribed by 48.32 times 

Solar photovoltaic system specialist JS Solar Holdings Bhd's initial public offering (IPO) has been oversubscribed by 48.32 times, ahead of its listing on the ACE Market of Bursa Malaysia on Sept 23, 2025.

Corporate News

Al-Salam-REIT in RM3bil sukuk programme

Al-Salam Real Estate Investment Trust (Al-Salam-REIT), through its special purpose vehicle, ALSREIT Capital Sdn Bhd, has lodged a sukuk wakalah programme of up to RM3bil in nominal value with the Securities Commission.

Corporate News

Gamuda JV makes winning bid for Singapore project

Gamuda Bhd's wholly-owned subsidiary Gamuda (Singapore) Pte Ltd has made the highest bid for a parcel of leasehold land in Chencharu Close, Singapore, via a joint venture with Evia MSC Pte Ltd and H108 Pte Ltd.

Commodities

Oil slides on worries over global oversupply, US demand

Oil prices slid on Thursday, settling about 2% lower as concerns over possible softening of US demand and broad oversupply offset threats to output from the conflict in the Middle East and the war in Ukraine.

Markets

Wall Street indices post record-high closes

Wall Street's main indices notched record-high closes on Thursday following gains in Tesla and Micron Technology, while US inflation and jobless data fueled expectations that the Federal Reserve will cut interest rates this month.

Economy

US weekly jobless claims increase as labor market softens

WASHINGTON: The number of Americans filing new applications for jobless benefits increased sharply last week, consistent with a material softening in labor market conditions.

Corporate News

FACB Industries privatisation offer extended to Oct 10

PETALING JAYA: FACB Industries Incorporated Bhd's takeover offer of RM1.60 per share has been extended again to 5pm on Oct 10, from Sept 15.

Corporate News

Al-Salam REIT lodges RM3bil sukuk wakalah programme with SC

KUALA LUMPUR: Al-Salam Real Estate Investment Trust (Al-Salam REIT), through its special purpose vehicle, ALSREIT Capital Sdn Bhd, has lodged a Sukuk Wakalah Programme of up to RM3.0 billion in nominal value with the Securities Commission (SC).

Corporate News

Fire incident at PT Resources' China unit

KUALA LUMPUR: PT Resources Holdings Bhd has reported a fire incident at the coconut processing facility of its wholly-owned subsidiary, Fujian HJS International Holdings Co Ltd, in Fuqing City, Fujian Province, China.

Forex

Ringgit holds steady versus greenback ahead of US CPI report

KUALA LUMPUR: The ringgit held steady against the American dollar and strengthened versus other major currencies at the close on Thursday, as investors awaited the US Consumer Price Index (CPI) report due later tonight.

Corporate News

Gas Malaysia awards EPCC contracts for biomethane purification plants

KUALA LUMPUR: Gas Malaysia Bhd has awarded engineering, procurement, construction and commissioning (EPCC) contracts to two local companies for its biomethane purification plants in Trong and Air Kuning, Perak.

Markets

ACE Market-bound JS Solar's IPO oversubscribed by 48.32 times

KUALA LUMPUR: Solar photovoltaic system specialist JS Solar Holdings Bhd's initial public offering (IPO) has been oversubscribed by 48.32 times, ahead of its listing on the ACE Market of Bursa Malaysia on Sept 23, 2025.

Corporate News

Gamuda JV makes winning RM3.33bil bid for Singapore project

KUALA LUMPUR: Gamuda Bhd's wholly-owned subsidiary Gamuda (Singapore) Pte Ltd has made the highest bid for a parcel of leasehold land in Chencharu Close, Singapore, via a joint venture with Evia MSC Pte Ltd and H108 Pte Ltd.

Markets

Bursa Malaysia finishes in the red on profit-taking after three-day rally

KUALA LUMPUR: Bursa Malaysia finished today's session in the red as investors locked in profits after a three-day rally, while most regional indexes ended broadly higher after the US producer price inflation came in unexpectedly softer for August.

Corporate News

Bermaz Auto posts profit drop in 1Q, expects challenging year ahead

PETALING JAYA: Bermaz Auto Bhd (BAuto) expects the overall performance of the group for the financial year ending April 30, 2026 to remain challenging.

Corporate News

Unique Fire acquires industrial land in Klang for RM15.54mil

KUALA LUMPUR: Unique Fire Holdings Bhd is acquiring a parcel of vacant industrial land in Klang, Selangor, for RM15.54mil for its future business expansion.

Telcos

U Mobile partners Sacofa to deliver 5G connectivity in Sarawak

KUALA LUMPUR: U Mobile has appointed Sacofa Sdn Bhd, the leading telecommunications infrastructure provider in Sarawak, as its fibre backhaul partner in rolling out its next generation 5G network.

Corporate News

MyNews registers profit jump in 3Q as retail network grows

KUALA LUMPUR: MyNews Holdings Bhd is anticipating continued improvement in its annual performance, driven by the expansion of its retail network.