Latest
-
Property
UPDATE 1-Most Chinese developers' shares fall despite latest support measures
HONG KONG: Shares of most major Chinese developers fell on Monday even after China announced "historic" steps to stabilise its crisis-hit property sector.
-
Economy
Thai Q1 GDP grows 1.5% y/y, above forecast
BANGKOK: Thailand's economy expanded 1.5% in the first quarter from a year earlier, official data showed on Monday, beating analysts' expectations.
-
Forex
Ringgit stages small rebound boosted by US Fed rate cut prospects
KUALA LUMPUR: The ringgit started trading slightly higher on Monday against the US dollar amid fresh optimism about the prospects of a September US Federal Reserve rate cut.
-
Markets
Foreign investors stay net buyers on Bursa Malaysia at RM873.9mil
KUALA LUMPUR: Foreign investors remained net buyers on Bursa Malaysia for the fourth consecutive week last week, albeit at a more moderate rate of RM873.9mil, down from RM961.1mil the previous week.
-
Stock on the Move
Arka shares jump 10% to one-year high
KUALA LUMPUR: Shares in Arka Bhd surged over 16% to a one-year high in early trade.
-
Markets
FBM KLCI starts week strong on rate cut hopes, Q1 GDP boost
KUALA LUMPUR: The FBM KLCI started the week on a high note, boosted by expectations of global rate cuts and strong first-quarter 2024 gross domestic product (GDP) data announced last Friday.
-
Analyst Reports
Trading ideas: Maxis, ITMAX, PIE, MFM, PPB Group, Epicon, NationGate, GIIB
KUALA LUMPUR: Stocks to watch today include Maxis Bhd, ITMAX System Bhd, PIE Industrial Bhd, Malayan Flour Mills Bhd (MFM), PPB Group Bhd, Epicon Bhd, NationGate Holdings Bhd and GIIB Holdings Bhd.
-
Business
Jakim extends halal certification to the world
KAZAN (Russia): The Department of Islamic Development Malaysia (Jakim) sees vast potential in the halal industry worldwide, and aims to undertake more initiatives to further connect to other Muslim countries for equally mutual benefits, says the agency’s halal management division director Mohamad Zamri Mohamed Shapik.
-
Economy
Green economy push
PETALING JAYA: As corporate Malaysia jumps on to the green economy bandwagon to bolster its economy going forward, there are areas that need to be fine-tuned to boost growth and minimise “greenwashing”.To minimise “greenwashing” and fuel sustainability practices, experts are urging, among others, to further forge close cooperation between the government and the private sector to ensure only clear and consistent policies are implemented.
-
Economy
Growth in Apec region forecast to reach 3.4% in 2024
KUALA LUMPUR: Growth in Asia-Pacific Economic Cooperation (Apec) trade bloc will reach 3.4% in 2024 and slow to 2.9% in 2025-2026, according to a recent report.
-
Business
InvestSarawak, Marubeni ink MoU for commercial-scale aviation fuel
KUCHING: InvestSarawak and Japan-based Marubeni Corp are conducting a joint pre-feasibility study for a commercial scale sustainable aviation fuel (SAF) value chain in Sarawak.
-
Insight
How to stop another Paramount fiasco
THE drama surrounding the future of Hollywood studio Paramount Global turns on one of the most fundamental questions in mergers and acquisitions (M&A): Should shareholders be treated equally in a takeover?
-
Forex
The worst may be over for the ringgit
PETALING JAYA: After a period of volatility and depreciation, signs are emerging for the ringgit to gradually strengthen in the coming months.
-
Corporate News
Oriental’s strong balance sheet to enhance growth
GEORGE TOWN: Oriental Holdings Bhd (OHB) will spend RM58.8mil in financial year 2024 (FY24) for new planting, acquiring plant and machinery for an oil mill, and constructing an estate building.
-
Business
Good decision by EPF to give flexibility to members regarding Account 3
KUALA LUMPUR: The Employees Provident Fund’s (EPF) decision to allow its members the option to move their contribution in Account 3 to Account 1 or 2 or both is welcomed, say financial experts.
-
Business
KK Supermart inks MoU with Samarkand regional govt
PETALING JAYA: KK Supermart Group has inked a memorandum of understanding (MoU) with the government of the Samarkand region to jointly promote economic activities
-
Banking
Deutsche Bank transfers risk on portfolio of green mortgages
LONDON: Deutsche Bank AG has entered a capital relief deal with the European Investment Bank (EIB) that allows the German lender to grant discounts on more than €600mil of green mortgages in its home market.
-
Property
Berjaya Land CEO expects Times Square 2 to sell out
KUALA LUMPUR: Berjaya Times Square Sdn Bhd (BTS) is confident that its newly launched Times Square 2 residential project will be sold out by year-end.
-
Analyst Reports
S P Setia poised for record-breaking earnings
PETALING JAYA: S P Setia Bhd’s robust land sales and promising market conditions have positioned the property giant for potentially record-breaking earnings in its fiscal year ending Dec 31, 2024 (FY24).
-
Insight
Reforms key to raising country’s growth potential
DESPITE its limitations, tracking gross domestic product (GDP) is important because it gives information about the size of the economy and how an economy is performing.