Corporate News

Meta Bright acquires Damai Suites shoplot for RM3.5mil

PETALING JAYA: Property firm Meta Bright Group Bhd has proposed to acquire a shoplot unit for RM3.5mil located in Kota Kinabalu, Sabah in a related party transaction between the company's wholly owned subsidiary, FBO Land, and its 70%-owned indirect subsidiary, CCF Development.

Business

PETRONAS Lubricants International launches engine products at Tokyo Auto Show

KUALA LUMPUR: Petronas Lubricants International (PLI) has launched two engine lubricants at the Tokyo Auto Salon car show, reinforcing PLI's commitment to delivering advanced, high-performance solutions specifically tailored for the Japanese market.

Corporate News

Global Oriental to sell 18 Pavilion Embassy retail units for RM35 mil

KUALA LUMPUR: Global Oriental Bhd (GOB) has proposed to dispose of 18 retail units at Pavilion Embassy, Jalan Ampang, for a total cash consideration of RM35mil as part of a move to unlock value and strengthen its balance sheet.

Forex

Ringgit ends lower against US dollar ahead of US jobs data, tariff ruling

KUALA LUMPUR: The ringgit ended lower against the US dollar on Friday, as markets moved into a cautious holding pattern ahead of tonight's US non-farm payrolls release and a possible Supreme Court ruling on US President Donald Trump-era tariffs, an analyst said.

Markets

SBS Nexus shares to Malaysian public oversubscribed by 22.28 times

PETALING JAYA: ACE Market-bound integrated marketing and branding services provider SBS Nexus Bhd's 24.5 million new shares made available to the Malaysian public has been oversubscribed by 22.28 times.

Business

Cenergi SEA, Malaysia Airports co-develop solar, battery energy project

KUALA LUMPUR: Cenergi SEA Bhd and KLIA Aeropolis Sdn Bhd are co-developing a 36 megawatt-peak (MWp) large-scale solar photovoltaic (PV) power plant, integrated with a 45 megawatt-hour (MWh) battery energy storage system (BESS) under the Solar for Self-Consumption (SELCO) programme.

Corporate News

AEON Credit raises RM150mil via Sukuk Wakalah

KUALA LUMPUR: AEON Credit Service (M) Bhd has completed its eleventh issuance of Islamic Commercial Papers (ICP) under its Sukuk Wakalah programme, raising RM150mil with a tenure of 179 days.

Markets

Bursa Malaysia reprimands Reneuco, fines one director RM2,500

KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded Reneuco Bhd and five of its directors for breaching the Main Market Listing Requirements (Main LR), with one director also fined RM2,500.

Markets

Bursa Malaysia rallies on broad-based gains, improved sentiment

KUALA LUMPUR: Bursa Malaysia rallied on Friday, supported by broad-based gains that lifted the benchmark index to an intraday high and secured a positive close for the week.

Banking

Thai central bank to expand authority to scrutinise online gold trading, governor says

BANGKOK: Thailand will expand the authority of its central bank in order to better supervise online gold trading, the bank's governor Vitai ‌Ratanakorn said on Friday.

Markets

Shanghai benchmark hits 10-year high as easing deflation lifts sentiment

SHANGHAI: Mainland China and Hong Kong stocks advanced on Friday, with the Shanghai benchmark topping the psychologically important 4,100 points to a decade high, as investor sentiment improved on signs of easing deflationary pressures.

Energy

Oil advances on concerns about supply disruptions in Venezuela, Iran

SINGAPORE: Oil prices rose for a second day on Friday, up more than 1% and set for their third weekly gain, on uncertainty about the future of supply from Venezuela and as Iranian unrest increases concerns about output there.

Corporate News

Disney CEO meets top Chinese official as 'House of Mouse' navigates US‑China tensions

BEIJING: One of China's top officials met with Disney CEO Bob Iger in Beijing on Friday, state media reported, as the "House of Mouse" seeks to strengthen its foothold in the world's second-largest economy amid fraught U.S.-China tensions.

Commodities

Gold falls as commodity index adjustments weigh ahead of US jobs data

GOLD fell on Friday as commodity index readjustments and a firm dollar kept the pressure on prices, with investors positioning ahead of crucial U.S. non-farm payrolls data due later ‌in the day.

Banking

Gold price surge helps Swiss National Bank make US$33bil profit

ZURICH: The Swiss National Bank made a profit of around 26 billion Swiss francs ($32.52 billion) in 2025, the central bank said on Friday, thanks to big increases in gold prices as investors headed for ‌safe-havens assets last year.

Investment

PMB Investment declares RM2.65mil income distribution for two funds

KUALA LUMPUR: PMB Investment Bhd, the Islamic fund management arm of Pelaburan MARA Bhd, has declared total income distributions of 9.96 sen per unit, amounting to RM2.65mil, for Amanah Saham MARA and PMB Amanah Saham MARA Wholesale Sukuk Fund for the financial year ended Dec 31, 2025.

Markets

Stocks bide time before jobs report, tariff ruling

SINGAPORE: Asian stocks drifted lower and the dollar firmed on Friday ahead of a crucial jobs report, while investors girded for a Supreme Court ruling on the legality of President Donald Trump's sweeping global tariffs that jolted markets last year.

Technology

Massive year-end bonuses at Chinese internet, tech companies

CHINESE internet and tech companies have unveiled what they would pay as year-end bonuses, with the top payout hitting the equivalent of 10 months' salary — a significant move that industry experts said will help retain and attract high-caliber talent and enhance corporate competitiveness moving forward.

Banking

Exim Bank Malaysia inks tripartite MOUs with Turkish firms to boost bilateral trade, investment ties

KUALA LUMPUR: The signing of three partnerships between EXIM Bank Malaysia and Turkish companies has further reinforced bilateral trade and investment collaboration, while supporting the international expansion of Malaysian companies in line with Malaysia's broader industrial and trade diversification objectives.

Economy

Malaysia's wholesale, retail trade sales up 6.4% y-o-y to RM158.9bil in Nov

KUALA LUMPUR: Malaysia's wholesale and retail trade registered total sales of RM158.9 billion in November 2025, marking a year-on-year (y-o-y) growth of 6.4 per cent.