Latest
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Economy
How Trump's trade war is upending global economy
U.S. President Donald Trump's tariff decisions since he took office on January 20 have shocked financial markets and sent a wave of uncertainty through the global economy.
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Corporate News
FGV to acquire full ownership in eight subsidiaries for RM229.75mil
KUALA LUMPUR: FGV Holdings Bhd will acquire full ownership of eight subsidiaries via share purchases totalling RM229.75 million from Koperasi Permodalan Felda Malaysia Bhd (KPF).
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Markets
Markets slump as Trump recommends 50% tariff on EU, targets Apple
LONDON: U.S. President Donald Trump said on Friday he is recommending a straight 50% tariff on goods from the European Union starting on June 1, saying the EU has been hard to deal with on trade.
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Corporate News
Apple to pay 25% tariff if phones not made in US, Trump says
U.S. President Donald Trump said on Friday that Apple would have to pay a 25% tariff if phones sold in the country were not made within its borders.
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Corporate News
Mitrajaya bags RM70mil construction contract in Langkawi
KUALA LUMPUR: Mitrajaya Holdings Bhd's (MHB) wholly-owned subsidiary, Pembinaan Mitrajaya Sdn Bhd, has secured a RM70 million contract for the construction of the main building and associated works for an eight-storey serviced apartment in Langkawi, Kedah.
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Corporate News
Paramount eyes RM1.5bil sales target for 2025
PETALING JAYA: Paramount Corp Bhd remains confident in achieving a sales target of RM1.5bil in 2025 underpinned by contributions from ongoing projects.
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Corporate News
Time Dotcom 1Q net profit rises to RM112.99mil
KUALA LUMPUR: Time Dotcom Bhd recorded a higher net profit of RM112.99 million in the first quarter ended March 31, 2025 (1Q 2025) from RM110.67 million in the same period last year.
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Corporate News
IJM Corp gets approval for RM1.4bil New Pantai Highway extension and toll restructuring
PETALING JAYA: IJM Corp Bhd has received approval from the Ministry of Works for the New Pantai Highway Extension and the toll restructuring for the existing New Pantai Highway.
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Corporate News
Allianz Malaysia 1Q net profit rises to RM211.69mil
KUALA LUMPUR: Allianz Malaysia Bhd's net profit rose by 11.5 per cent to RM211.69 million during the first quarter ended March 31, 2025 (1Q 2025), compared to RM189.83 million in the corresponding quarter last year, mainly due to higher profit contribution from both insurance segments.
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Forex
Ringgit ends higher against greenback amid continued concerns over us fiscal policy
KUALA LUMPUR: The ringgit closed higher against the US dollar and other major and regional currencies on Friday as the greenback remained weak amid continued concerns over US fiscal policy.
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Markets
Signature Alliance’s IPO shows strong demand with 1.12 times subscription rate
KUALA LUMPUR: Interior fitting-out specialist Signature Alliance Group Bhd's (SAG) has received a 1.12 times subscription rate for the public portion of its initial public offering (IPO).
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Corporate News
JLand Group and Eco World International to jointly explore real estate projects in Malaysia and Australia
KUALA LUMPUR: JLand Group (JLG), the real estate and infrastructure arm of Johor Corp (JCorp), and Eco World International Bhd (EWI) have signed a framework agreement to explore joint real estate development opportunities in Malaysia and Australia.
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Corporate News
Hibiscus Petroleum sees stronger cashflows, eyes growth despite UK levy impact
PETALING JAYA: Hibiscus Petroleum Bhd posted a net loss of RM115.97mil or loss of 15.4 sen a share for its third quarter ended March 31, of the financial year 2025 (3QFY25), due to a one-off, non-cash deferred tax liability charge of RM167.3mil related to the UK's Energy Profits Levy (EPL).
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Corporate News
Oriental Kopi eyes local expansion and overseas market growth
KUALA LUMPUR: Oriental Kopi Holdings Bhd remains optimistic about its prospects, underpinned by its competitive strengths, strategic business initiatives, and favourable market conditions in both the F&B services sector and the distribution and retailing of branded consumer packaged foods.
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Corporate News
Ekuinas appoints Aliff Omar as new CEO
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has announced the appointment of Aliff Omar Mohamad Omar as its chief executive officer (CEO), effective today.
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Markets
FBM KLCI snaps six-day losing streak to close higher
KUALA LUMPUR: The FBM KLCI snapped a six-session losing streak on Friday, closing higher despite broadly weaker regional markets.
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Cryptocurrency
Some US banks explore venturing into crypto with joint stablecoin, WSJ reports
Some of the biggest U.S. banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday.
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Energy
US invites Asian officials to Alaska, eyes US$44bil LNG project
TOKYO/WASHINGTON: The U.S. has invited officials from Japan, South Korea and Taiwan to Alaska to discuss projects including a vast gas pipeline, two people familiar with the planning said, as Asian governments consider U.S. investments in the hopes of relief from President Donald Trump's tariffs.
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Commodities
Gold heads for biggest weekly jump in 1-1/2 months on US fiscal worries
Gold prices rose on Friday and were poised for their biggest weekly gain in more than a month, as a softer U.S. dollar and concerns over the country's fiscal outlook boosted bullion's safe-haven appeal.
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Energy
Oil heads to first weekly loss since April on OPEC+ supply hike prospect
SINGAPORE: Oil prices dropped for a fourth consecutive session on Friday and were set for their first weekly decline in three weeks, weighed down by renewed supply pressure from another possible OPEC+ output hike in July.
