Star Biz7

All sails set for MISC-Bumi Armada merger

Shares of MISC Bhd have trended down, while those of Bumi Armada Bhd have risen following last week’s confirmation that the two parties have started merger talks on the former’s floating production, storage and offloading (FPSO) assets.

Markets

Bursa M’sia expected to trade between 1,600 to 1,610

KUALA LUMPUR: Bursa Malaysia is anticipated to trade within a tight range of 1,600 to 1,610 this week, with 1,600 remaining a key psychological and technical threshold, reflecting Malaysia’s resilient economic backdrop.

Forex

Ringgit to be range-bound against US dollar this week

KUALA LUMPUR: The ringgit is expected to remain within a tight trading range, moving between RM4.46 and RM4.48 this week, says Bank Muamalat (M) Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.

Commodities

CPO futures set to trade with bullish bias this week

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to trade with a bullish bias this week, driven by potential bargain-buying activity after the recent selldown, a dealer says.

Corporate News

How secure is M’sia’s energy value chain?

THERE used to be a division between the energy company’s information technology (IT) and operational technology (OT) networks. However, the digitalisation of generation-transmission-distribution-retail systems has seen the convergence of these ecosystems.

Economy

US consumer spending in market’s spotlight

NEW YORK: The health of the US consumer and the retail sector will be in focus in the coming week, as Black Friday kicks off a holiday shopping season that could shed light on how buyers are grappling with higher prices.

Advertising & Media

Putra Brand Awards results imminent, with some surprises in store

PETALING JAYA: The much-awaited results for the Putra Brand Awards (PBA) and Putra Aria Brand Awards (PABA) for 2024 have been finalised.

Economy

Sarawak targets more floating solar for its hydroelectric dams

KUCHING: Sarawak is advancing more floating solar projects on its major hydroelectric dams.

Property

Positive market sentiment

PETALING JAYA: The local residential property sector is poised for steady growth in the final quarter of 2024, underpinned by continued demand for homes on the back of positive market sentiment.

Advertising & Media

Decoding the ‘Attention Economy’

PETALING JAYA: An explosion of channels and content has only resulted in a dearth of attention.

Economy

Challenges persist in attracting FDIs

PETALING JAYA: Although Malaysia is on the radar of foreign investors, challenges persist in further boosting foreign direct investment (FDI) into the country.

Star Biz7

Bull waits for liquidity to return

The trading liquidity on Bursa Malaysia has been falling in recent months, even as the stock exchange witnessed the highest number of initial public offerings (IPOs) in nearly two decades.

Corporate News

Teo Guan Lee targeting adult clothing market

GEORGE TOWN: As Teo Guan Lee Corp Bhd celebrates its 90th anniversary, the branded baby and children’s wear distributor plans to tap into the adult apparel segment in the next one to two years.

Star Biz7

Dicey days for chip makers

With President-elect Donald Trump all set to impose protectionist policies to reshore manufacturing to American soil, Malaysia’s semiconductor industry is at a critical crossroads.

Star Biz7

Step back and watch

With concerns growing over the global impact of US President- elect Donald Trump’s trade tariffs and other protectionist measures, it pays to take a step back and wait.

Star Biz7

Magnum can strike it big again

Number forecast operators (NFOs) such as Magnum Bhd thrive on hope. Hope is a powerful motivator for punters who buy lottery tickets, dreaming that someday, they will strike it big and become rich.

Star Biz7

A stinky nuisance: When septic tanks burst

In Malaysia, septic tanks are a lifeline for many households, quietly managing the sewage generated daily. However, beneath the surface lies a ticking time bomb: The possibility of a septic tank burst. This alarming scenario can unleash a host of health hazards, environmental damage and a drastic drop in property value. Ignoring the implications of such an event is a gamble that homeowners and property owners cannot afford to take.

Star Biz7

After a homeowner passes

Dealing with property after someone passes away can be tough for homeowners. Losing a loved one is hard, and having to figure out what to do with their things, especially real estate, can be really complicated and stressful.

Star Biz7

Decarbonising cement: Are we ready?

In the urgent mission to reduce greenhouse gas emissions globally and in Malaysia, the spotlight is increasingly turning to industries that are often overlooked, such as cement production.

Forex

Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week

KUALA LUMPUR: The ringgit is expected to remain within a tight trading range, moving between RM4.46 and RM4.48 next week, said Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid.