Latest
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Star Biz7
Allianz quarterly top line climbs 10%
Allianz Malaysia Bhd remains optimistic that its product mix and disciplined approach in areas of underwriting and claims management will continue to drive top-line growth.
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Star Biz7
RHB, CGC in LCTF portfolio guarantee deal
RHB Bank Bhd has signed a portfolio guarantee worth RM400mil with Credit Guarantee Corp Malaysia Bhd (CGC).
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Markets
Wall St Week Ahead: Black Friday puts consumer spending in focus
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.
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Commodities
Oil prices settle up 1% as Ukraine war intensifies
Oil prices climbed about 1% on Friday, settling at a two-week high, as the intensifying war in Ukraine this week boosted the market's geopolitical risk premium.
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Markets
Wall St closes higher on business activity data
Wall Street closed higher on Friday, with all three major indices posting weekly gains, as investors took comfort from data pointing to robust economic activity in the world's biggest economy.
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Corporate News
Lagenda Properties' unit secures contract worth up to RM99.6mil
KUALA LUMPUR: Lagenda Properties Bhd’s indirect wholly owned subsidiary, Opti Vega Sdn Bhd (OVSB), has signed a development rights agreement (DRA) with Intact Corporate Approach Sdn Bhd (ICA) to develop 56.25 hectares (ha) in Kota Tinggi, Johor, for an adjustable cash consideration of up to RM99.62 million.
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Corporate News
Icon Offshore secures four key agreements to drive portfolio growth and expansion
KUALA LUMPUR: Offshore support vessel (OSV) company Icon Offshore Bhd has signed four conditional share sale and purchase agreements (SSPAs) with various vendors for proposed acquisitions.
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Business
RHB, CGC ink Malaysia’s first LCTF portfolio guarantee agreement, valued at RM400mil
KUALA LUMPUR: RHB Bank Bhd has signed a portfolio guarantee worth RM400 million with Credit Guarantee Corporation Malaysia Bhd.
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Corporate News
Solarvest secures RM142mil solar EPCC contract in Kedah
KUALA LUMPUR: Solarvest Holdings Bhd’s wholly-owned subsidiary, Atlantic Blue Sdn Bhd, has secured a RM142mil contract from SM01 Sdn Bhd for a design, engineering, procurement, construction, and commissioning (EPCC) contract.
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Corporate News
Allianz Malaysia posts 7.4% lower earnings of RM183.17mil in 3Q
KUALA LUMPUR: Allianz Malaysia Bhd recorded a net profit of RM183.18 million in the third quarter (3Q) ended Sept 30, 2024, down 7.4 per cent from the RM197.86 million achieved in the same period last year.
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Corporate News
Tex Cycle eyes M&A, ESG market expansion
KUALA LUMPUR: Tex Cycle Technology (M) Bhd has a greater appetite for, and is open to undertaking, mergers and acquisitions (M&As) for the greater good of all stakeholders.
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Forex
Ringgit retreats after three days of gains
KUALA LUMPUR: The ringgit closed lower on Friday, snapping three consecutive days of gains amid profit-taking activities.
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Corporate News
Sarawak Plantation posts 14.5% profit jump in 3Q, declares 15 sen dividend
KUALA LUMPUR: Sarawak Plantation Bhd anticipates satisfactory performance for the current financial year, subject to a sustainable crude palm oil (CPO) price and barring any unforeseen circumstances.
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Corporate News
MAHB raises RM1.6bil in oversubscribed sukuk wakalah
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has priced and issued its third senior sukuk wakalah, valued at RM1.6 billion, under its sukuk wakalah programme, which has an aggregate limit of RM5 billion in nominal value.
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Corporate News
MNRB appoints Rudy as interim president & CEO
KUALA LUMPUR: MNRB Holdings Bhd has appointed Datuk Rudy @ Rodzila Che Lamin as interim president & group chief executive officer (CEO).
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Corporate News
PICorp secures RM14.74mil contract from Air Selangor
KUALA LUMPUR: Progressive Impact Corp Bhd’s (PICorp) wholly-owned subsidiary, Alam Sekitar Malaysia Sdn Bhd (ASMA) has secured a RM14.74mil contract from Pengurusan Air Selangor Sdn Bhd (Air Selangor).
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Markets
Hong Kong-listed Unity Group plans secondary listing on Bursa Malaysia
KUALA LUMPUR: Hong Kong-listed Unity Group Holdings International Ltd is planning a secondary listing on Bursa Malaysia.
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Markets
FBM KLCI rebounds after three days of losses
KUALA LUMPUR: The FBM KLCI staged a rebound on Friday, recovering from three consecutive days of losses as investors took the opportunity to accumulate beaten-down stocks.
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Cryptocurrency
Bitcoin at record highs, sets sights on US$100,000
LONDON: Bitcoin touched a fresh record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the cryptocurrency sparked by expectations of a more friendly regulatory environment under a Donald Trump administration.
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Energy
Oil heads for weekly gains on anxiety over intensifying Ukraine war
Oil prices inched higher on Friday, on track for a weekly rise of more than 4%, as the Ukraine war intensified, with Russian President Vladimir Putin warning of a global conflict.
