Latest

3h ago

Economy
US weekly jobless claims increase moderately, labor market remains stable

WASHINGTON: The number of Americans filing claims for unemployment benefits increased moderately last week, pointing to a stable labour market even as rising energy prices from the war with Iran drive up inflation.
3h ago

Corporate News
Ranhill Utilities posts RM58.39mil net profit, revenue of RM612.53mil in 3Q26

KUALA LUMPUR: Ranhill Utilities Bhd has recorded a net profit of RM58.39 million for the third quarter (3Q) ended March 31, 2026 on the back of RM612.53 million in revenue.
4h ago

Business
Gas Malaysia deploys Asia Pacific’s first LOOP system

KUALA LUMPUR: Gas Malaysia Bhd has deployed Asia Pacific's first LOOP system, a graphene production and decarbonisation technology developed by Levidian Nanosystems Ltd.
4h ago

Business
Madani govt to offer over RM5bil in microfinancing facilities in 2026

KUALA LUMPUR: The MADANI government will provide more than RM5 billion in microfinancing facilities in 2026, expected to benefit over 400,000 micro-entrepreneurs nationwide through loans of up to RM100,000.
4h ago

Corporate News
Alam Maritim’s 3Q26 net profit falls to RM5.1mil

KUALA LUMPUR: Alam Maritim Resources Bhd said demand for offshore support and subsea services is expected to remain supported through 2028 amid ongoing field development and maintenance activities in the oil and gas sector.
5h ago

Forex
Ringgit mostly higher against major, regional currencies, slips against US dollar

KUALA LUMPUR: The ringgit closed mostly higher against major and regional currencies, except the US dollar, amid positive signals from the meeting between US President Donald Trump and his Chinese counterpart Xi Jinping that could benefit both Washington and Beijing.
5h ago

Corporate News
AirAsia X stays cautious despite strong passenger demand in 1Q26

KUALA LUMPUR: AirAsia X Bhd (AAX) said elevated jet fuel price volatility and geopolitical uncertainties have prompted the group to adopt a more disciplined approach focused on protecting yields and margins, despite a strong start to 2026.
5h ago

Corporate News
FIMA secures RM197.1mil Education Ministry contracts

KUALA LUMPUR: FIMA Corporation Bhd's wholly owned subsidiary, Percetakan Keselamatan Nasional Sdn Bhd (PKN), has secured contracts worth RM197.1mil from the Education Ministry for the printing and supply of confidential documents.
6h ago

Corporate News
Swift Haulage optimistic on FY26 outlook, eyes East Malaysia expansion

KUALA LUMPUR: Swift Haulage Bhd remains cautiously optimistic on its outlook for the financial year ending 2026, supported by resilient domestic demand, continued trade growth and ongoing expansion initiatives.
6h ago

Corporate News
Gas Malaysia posts lower net profit in 1Q26

KUALA LUMPUR: Gas Malaysia Bhd's net profit declined to RM92.83 million in the first quarter ended March 31, 2026 (1Q 2026), from RM100.13 million in 1Q 2025.
6h ago

Corporate News
Keyfield expects stronger quarters ahead as overseas business drives growth

KUALA LUMPUR: Keyfield International Bhd expects overseas revenue to grow steadily over the coming quarters, while local revenue is projected to improve significantly from the first quarter.
6h ago

Markets
FBM KLCI ends nearly flat amid mixed regional markets

KUALA LUMPUR: The FBM KLCI ended marginally lower for a second consecutive session on Thursday, tracking mixed performances across regional markets.
7h ago

Commodities
Gold edges up as Trump-Xi meet

GOLD prices ticked up on Thursday, as investors focused on talks between U.S. President Donald Trump and his Chinese counterpart Xi Jinping, looking for signs of a resolution to the Iran war.
7h ago

Technology
AI boom puts SK Hynix on cusp of US$1 trillion market value

SEOUL: SK Hynix is on the verge of topping a $1 trillion market value, just weeks after Samsung Electronics crossed the milestone, as strong demand for artificial intelligence places South Korea at the heart of Asia's AI boom.
7h ago

Markets
Chip IPO highlights Malaysia deals surging toward 13-year high

INITIAL public offerings are booming in Malaysia and a wave of upcoming listings including by a chip design firm is powering the market toward the biggest volume in 13 years.
8h ago

Auto
Perodua moves to localise Ativa hybrid production

RAWANG: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) intends to produce the Ativa hybrid model locally, said its president and chief executive officer Datuk Seri Zainal Abidin Ahmad.
8h ago

Banking
Hong Leong Bank named Malaysia’s best managed bank, Kevin Lam wins top CEO award

KUALA LUMPUR: Hong Leong Bank Bhd (HLB) has been named Malaysia's Best Managed Bank at the 2026 Global Leadership Achievement Awards by The Asian Banker, while its group managing director and CEO Kevin Lam was named Best Bank CEO in Malaysia.
8h ago

Energy
Oil edges up as investors focus on Trump-Xi meeting in Beijing

BEIJING/SINGAPORE: Oil prices edged up on Thursday, with markets focusing on the high-stakes meeting between U.S. President Donald Trump and Chinese President Xi Jinping to see if it will yield any positive results towards a resolution for the Iran war.
8h ago

Corporate News
Taiwan's Foxconn reports forecast-beating 19% jump in Q1 profit on AI demand

TAIPEI: Taiwan's Foxconn, the world's largest contract electronics maker, reported on Thursday a 19% rise in first-quarter profit versus the same period a year earlier, beating expectations due to strong global demand for AI products.
9h ago

Forex
China's yuan hits 3-year high, stocks dip, as investors await details from Trump-Xi summit

SHANGHAI: China's yuan edged up to a three-year high against the dollar on Thursday, while key stock indexes pulled away from recent peaks, as investors awaited more news from a summit between the leaders of the world's two largest economies.