Corporate News

Northern Solar reports higher 2Q26 earnings

PETALING JAYA: Northern Solar Holdings Bhd has posted a higher profit of RM4.22mil for the second quarter ended Sept 30, 2025 compared to the RM3.66mil in the same quarter a year ago.

Corporate News

PMB Technology reports warehouse fire at Samalaju silicon plant

KUALA LUMPUR: PMB Technology Bhd has reported that a fire broke out at its wholly-owned PMB Silicon Sdn Bhd plant in Samalaju Industrial Park on Nov 15, 2025.

Forex

Ringgit ends lower as Fed signals steady rates

KUALA LUMPUR: The ringgit declined against the US dollar today as expectations for a United States interest rate cut in December have diminished.

Corporate News

Keyfield to dispose of workboat for RM152mil

PETALING JAYA: Keyfield International Bhd is disposing of a six-year old dynamic positioning 2 accommodation workboat, Keyfield Compassion (CPS), to Petro Laut Sdn Bhd (PLSB) for RM151.9mil.

Business

Malaysia aims to move up E&E value chain, says Amir Hamzah

KUALA LUMPUR: Malaysia's next strategy for the electrical and electronic (E&E) and semiconductor industry is to scale up its value chain amid global trade challenges, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Aviation

AirAsia X enters Türkiye with launch of KL–Istanbul route

KUALA LUMPUR: AirAsia X Bhd (AAX) has launched its inaugural direct flight from Kuala Lumpur to Istanbul, marking its entry into Türkiye and expanding its regional network.

Corporate News

AWC wins RM14mil HDB job

PETALING JAYA: AWC Bhd has received a letter of acceptance from the Housing & Development Board of Singapore (HDB) for the design, build and operation of a pneumatic waste conveyance system (PWCS) at Project EW & FM in Singapore, worth RM14.8mil.

Corporate News

Infomina wins RM66mil Home Ministry contract

PETALING JAYA: Infomina Bhd has accepted a letter of consent from the Ministry of Home Affairs worth RM66.13mil to provide technology infrastructure operations, maintenance and support services to the National Registration Department (JPN).

Markets

Cautious sentiment holds back gains on Bursa Malaysia

KUALA LUMPUR: Cautious sentiment lingered on Bursa Malaysia as softer regional markets kept investors on edge, with buying interest held back as investors refrained from taking larger positions.

Commodities

Malaysia lowers December crude palm oil reference price, maintains duty at 10%

KUALA LUMPUR: Malaysia has lowered its crude palm oil reference price for December to a level that maintains the export duty at 10%, a circular on the Malaysian Palm Oil Board website showed on Monday.

Energy

Oil falls after loadings resume at key Russian export hub

TOKYO/BEIJING: Oil prices fell on Monday, erasing last week's gains, as loadings resumed at the key Russian export hub of Novorossiysk, after a two-day suspension at the Black Sea port that had been hit by a Ukrainian attack.

Corporate News

L'Oréal buys second Chinese skincare stake as C-Beauty brands snare market share

BEIJING: Cosmetics giant L'Oreal said on Monday it has taken a minority stake in mass-market Chinese skincare brand Lan, marking its second investment in recent months in China, where local brands have grown rapidly.

Commodities

Indonesia plans taxes of up to 15% on gold exports from 2026

Indonesia will charge taxes on exports of gold of between 7.5% and 15% in a plan that will be implemented sometime next year, a senior finance ministry official said on Monday.

Business

EPF on track for higher dividend payout after strong Sept 2025 investment income

KUALA LUMPUR: The Employees Provident Fund (EPF) is on track to deliver higher dividend to its members, following its double-digit growth in investment income, according to an economist.

Markets

Main market-bound Geohan to raise RM72.6mil from IPO

KUALA LUMPUR: Foundation and geotechnical engineering specialist Geohan Corporation Bhd aims to raise RM72.6 million from its initial public offering (IPO) ahead of its listing on Bursa Malaysia Securities' Main Market on Dec 5, 2025.

Corporate News

LSH Capital accepts initial terms for Morib redevelopment

KUALA LUMPUR: Lim Seong Hai Capital Bhd (LSH Capital) has accepted a letter from Seriemas Resort Sdn Bhd (SRSB) confirming the agreed-in-principle terms for a proposed partnership to undertake the Morib Rejuvenation Project in Selangor.

Corporate News

CelcomDigi's net profit drops to RM341.23mil in 3Q

KUALA LUMPUR: CelcomDigi Bhd posted a lower net profit of RM341.23 million during the third quarter (3Q) ended Sept 30, 2025, compared to RM436.98 million in the same period last year.

Business

Chinese AI firms ramp up expansion into Asean

The internationalisation drive of Chinese artificial intelligence enterprises is accelerating across the Association of Southeast Asian Nations (Asean), as AI reshapes global economic development, officials and senior executives said on Saturday.

Corporate News

Kumpulan Kitacon wins RM60.8mil contract from Sime Darby Property

KUALA LUMPUR: Kumpulan Kitacon Bhd's wholly-owned subsidiary, Kitacon Sdn Bhd, has accepted RM60.805mil letter of award from Sime Darby Property (Lagong) Sdn Bhd for main building works at Taman Perdagangan Elmina in Rawang, Selangor.

Banking

Public Bank reports RM1.84bil net profit for 3Q25

KUALA LUMPUR: Public Bank Bhd (PBB), which reported a 3.65% lower net profit for the third quarter ended Sept 30 (3Q25), said it will remain vigilant in its business approach while continuing to build on its core competencies.