Economy

Aerospace industry targets RM30bil in revenue this year - Tengku Zafrul

KUALA LUMPUR: The Ministry of Investment, Trade and Industry is optimistic that aerospace industry revenue will reach RM30 billion this year, up from RM25.1 billion recorded in 2024.

Economy

Labour market to remain stable, say analysts

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

Markets

Bursa Malaysia slips 0.5% at midday after three-day rally

KUALA LUMPUR: Bursa Malaysia ended the morning session lower, slipping 0.5 per cent as investors locked in profits after a three-day rally.

Economy

Building costs slightly up in August on higher cement, sand prices- DOSM

KUALA LUMPUR: The unit price index of cement increased by between 0.1 per cent and 1.1 per cent in August 2025 compared with the previous month, according to the Department of Statistics Malaysia (DoSM).

Commodities

Oil prices edge lower on concerns about weak US demand, oversupply

TOKYO: Oil prices retreated a tad on Thursday on weak demand in the United States and broad oversupply risks, which countered concern over attacks in the Middle East and Russia's war in Ukraine.

Economy

Malaysia's IPI slows to 4.2% y-o-y in July 2025 - DOSM

KUALA LUMPUR: Malaysia's Industrial Production Index (IPI) growth slowed down to 4.2 per cent year-on-year in July 2025 from 5.8 per cent in July 2024.

Economy

Malaysia's July manufacturing sales 3.5% higher at RM162.5bil - DOSM

KUALA LUMPUR: Malaysia's manufacturing sector sales value rose 3.5 per cent year-on-year (y-o-y) to RM162.5 billion in July 2025, according to the Department of Statistics, Malaysia (DOSM).

Investment

PMB Investment declares 2c per unit distribution for two funds, totalling over RM11mil

KUALA LUMPUR: PMB Investment Bhd have declared both the PMB Shariah Premier Fund and PMB Shariah Equity Fund annual distributions of 2.0 sen per unit for the financial year ended Aug 31, 2025 and Aug 30, 2025 respectively, amounting to a total gross distribution of over RM11 million.

Economy

Japan wholesale inflation accelerates in August

TOKYO: Japan's wholesale inflation accelerated in August on steady rises in food costs, data showed on Thursday, highlighting sticky inflationary pressure that may keep alive market expectations of a near-term interest rate hike.

Markets

FBM KLCI slips on dividend payouts, buying momentum remains intact, say analysts

KUALA LUMPUR: The FBM KLCI gapped lower at Thursday's open as its highest weighted constituent, Maybank, went ex-dividend, dragging on the market.

Forex

Ringgit opens firmer on US rate cut hopes

KUALA LUMPUR: The ringgit opened firmer against the US dollar and most major currencies on Thursday, tracking expectations of United States (US) interest rate cuts after softer economic data.

Corporate News

Trading ideas: Sunway, Capital A, Pansar, Texchem, Oceancash, Paragon Union, VS Industry, Wentel, SSF Home, Reservoir Link, Express Powerr, Inspace Creation, UWC

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.

Markets

S&P 500 and Nasdaq notch record-high closes

The S&P 500 and Nasdaq notched record-high closes on Wednesday, as Oracle surged and cooler-than-expected inflation data supported expectations the US Federal Reserve will cut interest rates next week.

Commodities

Oil prices settle up after global tensions mount

Oil prices settled higher on Wednesday by more than US$1 a barrel as investors worried about possible supply disruptions after Poland downed drones in its airspace and the US pushed for new sanctions on buyers of Russian oil the day after an Israeli attack in Qatar, but a report showing swelling US supplies capped gains.

Economy

New finance chief vows to create optimal policy

Just a few months before being named Indonesia's new Finance Minister, Purbaya Yudhi Sadewa, raised eyebrows in markets by calling the International Monetary Fund (IMF) "stupid" for cutting its growth outlook for South-East Asia's largest economy.

Corporate News

Gag Nikel resumes mining operations in Southwest Papua

PT Gag Nikel, a subsidiary of state-owned mining firm PT Aneka Tambang (Antam), has resumed operations in the Raja Ampat archipelago, Southwest Papua, after a temporary halt due to concerns over environmental damage.

Corporate News

Google concedes on maps, but resists South Korean servers

Google has reaffirmed its willingness to comply with South Korea's stringent national security protocols as it seeks government approval to export high-precision map data – a highly sensitive issue that has sparked public and political debate in recent months.

Corporate News

KKR, Blackstone turn India into Asia’s buyout HQ after China dip

Global asset managers from KKR & Co to Blackstone Inc are ramping up investments in India and elevating locally-based executives to key regional roles, underscoring the nation's rise in Asia's private equity landscape.

Corporate News

Anglo-Teck deal set to spur consolidation

The US$53bil planned merger between Anglo American and Teck Resources marks a breakthrough after years of failed mining sector consolidation attempts and could spur their rivals to action.

Energy

Battery project gets funding for UK construction 

The world's biggest battery project secured about £750mil (US$1bil) in public and private financing, and will begin construction immediately in northern England, marking a significant step forward in the United Kingdom's transition to renewable energy.