Markets

FBM KLCI hits 1,700 as banks surge to record levels

KUALA LUMPUR: The buying momentum on the FBM KLCI is picking up speed as investor risk appetite improved amid confidence over the health of the global economy.

Technology

SK Hynix to invest nearly $13 billion in chip packaging plant in South Korea

SEOUL, Jan 13 (Reuters) - ‌South Korea's SK Hynix said on Tuesday ‌it has decided to invest 19 ‌trillion won ($12.90 billion) to build an advanced chip packaging plant in South Korea to meet rising memory chip demand ‍related to artificial intelligence.

Football

Soccer-Australia's Central Coast Mariners taken over by league pending sale

SYDNEY, Jan 13 (Reuters) - A-League ‌club Central Coast Mariners, champions of Australia as ‌recently as 2024, have been taken over by ‌the league pending a sale to new owners.

Sabah & Sarawak

Slight drop in Sarawak flood evacuees as 10 relief centres remain open

KUCHING: The number of flood victims in Sarawak has decreased slightly as of 8am on Tuesday morning (Jan 13), with 1,773 victims from 560 families still sheltering in temporary evacuation centres, compared with 1,822 victims from 587 families on Wednesday evening.

Entertainment

HK actress Selena Lee reconciles with ex-fiance, 10 months after split

Lee says while their reconciliation doesn't mean they're immediately back together, she wants to see if that small bit of hope can grow into something bigger.

Nation

‘Bersatu did not sabotage PAS in Perlis’, Muhyiddin denies traitor accusations

SHAH ALAM: Parti Pribumi Bersatu Malaysia (Bersatu) president Tan Sri Muhyiddin Yassin has strongly denied that the party is involved in the political crisis that has hit the state of Perlis.

Corporate News

Trading ideas: Sunway, IJM, TM, Lianson Fleet, HE, Vantris, IGB, Favelle Favco, AnwaBiru, Rexit, Melati Ehsan

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

Markets

S&P 500, Dow hit closing record highs; Walmart, tech climb

NEW YORK: The S&P 500 and Dow registered record closing highs on Monday, with shares of technology companies and retailer Walmart gaining and as investors mostly brushed aside concerns about the U.S. Justice Department's criminal investigation of Federal Reserve Chair Jerome Powell.

Education

Malaysia emerges as one of the world’s most dynamic study destinations

PETALING JAYA: Malaysia is rapidly becoming one of the world's most dynamic international education hubs.

Nation

Malaysia’s energy balancing act

AS Malaysia advances its energy transition under the National Energy Transition Roadmap (NETR), the challenge facing policymakers is no longer about ambition alone.

True Or Not

QuickCheck: Is there a musical composition that is one thousand years long?

IMAGINE settling in for a listening session that requires not just a comfy chair but a time machine!

Football

Soccer-Gabon government lifts measures on Aubameyang and national team after AFCON exit

Jan 12 (Reuters) - Gabon's ‌football association has announced government measures on ‌the national team and striker Pierre-Emerick Aubameyang ‌have been lifted following their early exit from the Africa Cup of Nations.

Cricket

Cricket-Australia captain Healy to retire after upcoming India series

SYDNEY, Jan 13 (Reuters) - Alyssa Healy, ‌a mainstay of Australia's dominant women's cricket team for 15 years ‌and latterly its captain, has announced that she will retire from ‌the game after the upcoming multi-format series against India.

Markets

Bursa Malaysia benchmark hits new six-year high

KUALA LUMPUR: Bursa Malaysia's benchmark index extended its upward momentum to close at a fresh six-year high yesterday, supported by sustained buying interest in heavyweight and plantation stocks, in tandem with stronger performances across regional markets.

Corporate News

Sunway proposes RM11bil takeover of IJM

PETALING JAYA: Sunway Bhd has launched a takeover offer for IJM Corp Bhd at RM3.15 per share yesterday, two months after denying any engagements or negotiations with the latter for a potential merger.

Forex

Ringgit ends firmer amid Fed uncertainty

KUALA LUMPUR: The ringgit closed firmer against the greenback yesterday as concerns over the US Federal Reserve's (Fed) independence weighed on the American dollar.

Economy

Industrial sector persists despite softer growth

PETALING JAYA: Malaysia's industrial production index (IPI) reading in November 2025 suggests resilience in industrial activity despite the figure being slightly lower than consensus expectations.

Markets

Investments, ringgit to drive corporate profits

PETALING JAYA: Corporate Malaysia is expected to see stronger earnings in 2026, partly driven by continued investments and the strength of the ringgit, analysts say.

Markets

Foreign investors turn net buyers

KUALA LUMPUR: Foreign investors turned net buyers of Bursa Malaysia equities last week, snapping a four-week selling streak, with net inflows of RM42.5mil.

Auto

Proton exploring partnerships in Algeria’s market

NEW DELHI: Malaysian automaker Proton Holdings Bhd is exploring partnerships, including dealerships and assembly from completely knocked-down (CKD) kits, to enter Algeria's growing car market.