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Corporate News
Vantris Energy to exit PN17 status on June 18
KUALA LUMPUR: Vantris Energy Bhd, formerly known as Sapura Energy Bhd, will no longer be classified as an affected listed issuer from June 18, 2026.
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Corporate News
MRCB ventures into digital infrastructure with RM2.1bil data centre in Bukit Jalil
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) is entering a strategic collaboration with Perintis Akal Sdn Bhd, a unit of Pemandu Partners International PLT, to develop an AI-ready data centre facility in Bukit Jalil with an estimated gross development cost of RM2.1bil.
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Corporate News
Scanwolf secures RM75mil substructure project in KL
KUALA LUMPUR: Scanwolf Corporation Bhd (SCB) has secured a RM75 million contract for piling and substructure works related to a 74-storey mixed development project in Jalan Pavilion, Kuala Lumpur.
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Markets
Bursa Malaysia ends higher for second straight day on heavyweight buying
KUALA LUMPUR: Bursa Malaysia's key index extended its rebound for a second consecutive day, closing more than one per cent higher,yh as investor sentiment remained buoyant amid improving regional market conditions and sustained buying interest in heavyweight counters.
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Corporate News
Beshom unit to dispose of Klang lands for RM85.8mil
KUALA LUMPUR: Beshom Holdings Bhd said its wholly-owned subsidiary Hai-O Enterprise Bhd has proposed to dispose of three plots of freehold industrial land measuring an aggregate of 58,994 sqm to JT Development Sdn Bhd in Klang, Selangor, for RM85.8mil.
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Markets
SpaceX set to surpass Amazon's market cap as post-IPO rally continues
SHARES of Elon Musk's SpaceX rose more than 10% in premarket trading on Tuesday, putting the company on course to overtake Amazon.com in market value to become the world's fifth-largest company, as it extended a post-IPO rally.
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Corporate News
Allianz Malaysia shareholders approve all resolutions at AGM
KUALA LUMPUR: Allianz Malaysia Bhd's shareholders have approved all resolutions tabled at the group's 52nd annual general meeting (AGM) as the insurer marks its 25th anniversary this year.
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Corporate News
UEM Sunrise secures investor for RM900mil Collingwood project
KUALA LUMPUR: UEM Sunrise Bhd via its wholly-owned subsidiary UEM Sunrise (Collingwood Development) Pty Ltd has secured an investor for its A$315.4mil (RM903.3mil) build-to-rent project in Collingwood, Melbourne.
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Corporate News
PBAPP to invest nearly RM2.9bil for 12 water supply projects in Penang
GEORGE TOWN: Perbadanan Bekalan Air Pulau Pinang Sdn Bhd (PBAPP) will invest nearly RM2.9 billion to implement 12 water supply projects over the next five years to ensure that the state has sufficient water resources to support its rapid economic growth through 2032.
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Banking
Outlook for MSMEs remains resilient despite weaker 1H 2026 Sentiment Index - SME Bank
KUALA LUMPUR: Operational outlook among Malaysia's micro, small and medium enterprises (MSMEs) remains resilient over the next six to 12 months despite a weaker SME Sentiment Index (SSI) reading for the first half of 2026 (1H 2026).
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Corporate News
ACE Market-bound RNG Tech eyes RM16.4mil from IPO to drive expansion
KUALA LUMPUR: Vending massage chair service provider, RNG Tech Bhd, aims to raise RM16.4 million from its initial public offering (IPO) ahead of its listing on the ACE Market of Bursa Malaysia on July 7, 2026.
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Economy
Malaysia's total trade hits RM3.1 trillion in 2025, Penang tops exports
GEORGE TOWN: Malaysia's total trade expanded to RM3.1 trillion in 2025, comprising RM1.6 trillion in exports and RM1.5 trillion in imports, with Penang continuing to lead the nation's export performance, according to the Department of Statistics Malaysia (DOSM).
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Economy
Asean+3 1Q 2026 fiscal position remains resilient amid Middle East conflict - AMRO
KUALA LUMPUR: ASEAN+3's fiscal position remained broadly resilient in the first quarter (1Q) of 2026, despite emerging expenditure pressures and tighter financing conditions following the escalation of the West Asia conflict, according to the ASEAN+3 Macroeconomic Research Office (AMRO) ASEAN+3 Quarterly Fiscal Bulletin.
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Commodities
Strait of Hormuz transit will take ‘weeks’ to resume, largest tanker operator tells FT
SHIPOWNERS will not resume transit through the Strait of Hormuz for weeks until they are confident that the U.S.-Iran deal is "material", the chief executive of Japan's Mitsui O.S.K. Lines told the Financial Times in an interview published on Tuesday.
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Markets
Australia central bank holds rates, warns hikes might not be over
SYDNEY: Australia's central bank held its cash rate steady at 4.35% on Tuesday, saying the economy was slowing in the face of tighter financial conditions but warned it might yet hike again if needed to control inflation.
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Corporate News
LAC Med secures RM78.9mil supply contract to public hospitals in Kedah
KUALA LUMPUR: LAC Med Bhd has bagged a RM78.9mil contract for the supply of reagents with related items for pathology chemistry tests to 10 public hospitals under the Ministry of Health in Kedah.
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Markets
FBM KLCI rises above 1,700 as rally resumes
KUALA LUMPUR: The FBM KLCI was up at midday, in line with a jump in Asian market valuations following the end of hostilities between the US and Iran, as well as the Bank of Japan's widely anticipated decision to hike its interest rate.
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Corporate News
Elsa to grow digital technology, robotics, engineering segments after positive ACE Market debut
KUALA LUMPUR: Integrated oil and gas services and equipment (OGSE) provider Elsa Bhd aims to accelerate its growth in the digital technology, robotics, and engineering segments following an encouraging debut on Bursa Malaysia's ACE Market today.
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Economy
Bank of Japan raises interest rates to 31-year high
TOKYO: The Bank of Japan raised interest rates to a 31-year high on Tuesday, marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war.
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Markets
Japan's Nikkei eases back from record high ahead of expected BOJ rate hike
TOKYO: Japan's Nikkei share average edged back from a record high on Tuesday as traders awaited an expected Bank of Japan interest rate hike later in the day.
