Latest
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Corporate News
7-Eleven Malaysia sees stronger 4Q ahead
KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd (SEM) expects a relatively stronger performance in the fourth quarter ending Dec 31, 2024 (3Q24) compared to 3Q24, driven by year-end festivities and Phase 1 salary adjustments for civil servants in December.
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Cryptocurrency
Bitcoin marches towards US$100,000 on optimism over Trump crypto plans
LONDON: Bitcoin's march toward $100,000 gathered pace on Thursday as investors bet a friendlier U.S. regulatory approach to cryptocurrencies under President-elect Donald Trump will unleash a boom era for the asset class.
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Corporate News
Sunway Construction’s net profit rises to RM46.47mil in 3Q24
KUALA LUMPUR: Sunway Construction Group Bhd’s net profit for the third quarter ended Sept 30, 2024 (3Q 2024) increased to RM46.47 million from RM35.01 million in the same quarter last year.
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Banking
Bank Islam launches new digital banking platforms
KUALA LUMPUR: Bank Islam Malaysia Bhd has introduced new digital banking platforms, BIMB Mobile banking app and BIMB Web.
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Corporate News
Mega First’s net profit rises to RM116.64mil in 3Q
KUALA LUMPUR: Mega First Corp Bhd has posted a higher net profit of RM116.64 million in the third quarter ended Sept 30, 2024 (3Q 2024), from RM10.87 million in the same quarter a year ago.
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Corporate News
Fajarbaru net profit triples to RM8.42mil in 1Q25
KUALA LUMPUR: Fajarbaru Builder Group Bhd will continue to focus on our core segments—construction, property development, and plantation—to maintain a stable revenue stream.
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Corporate News
Globetronics Partners with Taiwan's ChipMOS for Integrated Circuit Services
KUALA LUMPUR: Globetronics Technology Bhd has formed a strategic partnership with Taiwan-based ChipMOS Technologies Inc for Integrated Circuit Services.
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Corporate News
Hap Seng 3Q24 net profit soars nearly fourfold to RM193.11mil
KUALA LUMPUR: Hap Seng Consolidated Bhd's (HSCB) net profit for the third quarter ended Sept 30, 2024 (3Q 2024) soared nearly fourfold to RM193.11 million, up from RM50.30 million in the same period last year.
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Forex
Ringgit rises against US dollar for third consecutive day
KUALA LUMPUR: The ringgit rose against the US dollar for the third consecutive day despite heightened concern over geopolitical development in Ukraine, said an analyst.
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Corporate News
KTI Landmark records RM230mil in sales, surpassing 2023 figures
KUALA LUMPUR: KTI Landmark Bhd has recorded strong sales of RM230mil and an order book of RM214.4mil from January to November this year.
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Corporate News
MSM Malaysia’s 3Q net loss widens to RM49.7mil on forex loss
KUALA LUMPUR: MSM Malaysia Holdings Bhd’s net loss widened to RM49.7mil in the third quarter ended Sept 30, compared with RM36.1mil in the same period last year.
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Corporate News
UEM Sunrise on track to hit RM1bil sales target
KUALA LUMPUR: UEM Sunrise has achieved RM928.5mil in sales year-to-date (YTD), representing 93% of its RM1bil full-year sales target, driven by well-executed project launches and strategic inventory management.
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Auto
Perodua teams up with PETRONAS Dagangan and Gentari to improve services and EV support
KUALA LUMPUR: Perodua Sales Sdn Bhd has inked two memoranda of understanding (MoUs) with Petronas Dagangan Bhd and Gentari Sdn Bhd subsidiaries to enhance the retail experience for its customers through the integration of various services.
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Corporate News
Karex 1Q net profit tumbles 73.4% to RM1.4mil
KUALA LUMPUR: Karex Bhd expects the global condom market to outpace global economic growth, driven by rising sexual health awareness and a shift to private sector models.
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Corporate News
DRB-Hicom focuses on digital transformation
KUALA LUMPUR: DRB-Hicom Bhd is focusing on digital transformation across multiple sectors, including banking and postal services, to improve operational efficiency.
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Markets
FBM KLCI falls for third day, weighed down by Tenaga, YTL stocks
KUALA LUMPUR: The FBM KLCI tumbled for the third consecutive day on Thursday, weighed down by losses in Tenaga Nasional, YTL Power and YTL Corp, amid weaker regional markets.
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Energy
Oil prices climb as geopolitical tensions outweigh US inventories
SINGAPORE: Oil prices climbed on Thursday as geopolitical concerns over escalating tensions between Russia and Ukraine outweighed the impact of a bigger-than-expected increase in U.S. crude inventories.
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Forex
Indonesian rupiah at three-month low; Asia stocks drop on Russia-Ukraine tensions
INDONESIA's currency was pinned at a more-than-three-month low on Thursday, as investors put further pressure after its central bank stayed pat on interest rates a day earlier and hinted at focusing on strengthening the rupiah leading to fewer chances of policy easing.
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Economy
PM Anwar: Value of Malaysian business ventures in Vietnam exceeds US$13bil
KUALA LUMPUR: Malaysian business ventures in Vietnam have exceeded US$13 billion (US$1=RM4.47) in value, according to Prime Minister Datuk Seri Anwar Ibrahim.
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Corporate News
Bank Rakyat issues inaugural RM500mil Asean sustainability SRI sukuk
KUALA LUMPUR: Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat), via Imtiaz Sukuk II Bhd, has issued its maiden RM500 million ASEAN Sustainability SRI (Sustainable and Responsible Investment) Sukuk.
