Latest
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Corporate News
Swift Energy secures RM44.2mil in new orders
KUALA LUMPUR: Swift Energy Technology Bhd has secured new purchase orders worth RM44.18mil, lifting its total contracts secured year-to-date to RM148mil, as the company continues to expand its presence in both the offshore energy and data centre sectors.
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Corporate News
KHPT secures structural components supply contract for Proton
PETALING JAYA: KHPT Holdings Bhd has secured a letter of acceptance (LOA) from Perusahaan Otomobil Nasional Sdn Bhd (Proton) for the supply of automotive structural components for a new Proton model.
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Forex
Ringgit closes lower against greenback on Fed rate hike expectations
KUALA LUMPUR: The ringgit closed lower against the US dollar on Thursday as expectations of a possible US Federal Reserve (Fed) interest rate hike later this year boosted demand for the greenback.
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Banking
UOB Malaysia elevates wealth proposition to double affluent customer base by 2028
PETALING JAYA: UOB Malaysia intends to double its affluent customer base by 2028, elevating its wealth proposition to meet rising income levels, increasing financial sophistication, and evolving client expectations.
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Corporate News
Binastra expects the construction sector to remain resilient
PETALING JAYA: Binastra Corp Bhd expects Malaysia's construction sector to remain resilient, supported by ongoing infrastructure investments, industrial expansion, and private sector development initiatives under programmes such as the New Industrial Master Plan 2030 and the National Energy Transition Roadmap.
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Corporate News
MAHB appoints Azmil Khalid as non-independent non-executive chairman
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has appointed Tan Sri Dr Azmil Khalid as its non-independent non-executive chairman, effective June 18, 2026.
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Corporate News
EI Power bags RM90.1mil data centre contract in Johor
KUALA LUMPUR: EI Power Bhd's (EIP) wholly owned subsidiary, EI Power Technologies Sdn Bhd, has secured a RM90.1mil works subcontract agreement (WSA) for a data centre project in Johor.
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Corporate News
WCT bags RM529mil Abu Dhabi job
PETALING JAYA: PETALING JAYA: WCT Holdings Bhd has secured a contract from United Arab Emirates (UAE)-based Construction General Contracting House Ltd (CGCH) to undertake a commercial and residential building project in Abu Dhabi worth RM528.99mil.
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Banking
Maybank Islamic named Global Islamic Bank of the Year 2026
KUALA LUMPUR: Maybank Islamic Bhd has been named Global Islamic Bank of the Year 2026 by financial publication The Banker, marking the fifth time it has received the accolade since 2015.
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Markets
FBM KLCI pares gains to close marginally higher amid cautious trading
KUALA LUMPUR: The FBM KLCI ended marginally higher on Thursday after giving up most of its intraday gains, while weakness in the broader market underscored cautious investor sentiment.
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Banking
Indonesia central bank raises policy rates again to support rupiah
JAKARTA: Indonesia's central bank raised its benchmark interest rates by 25 basis points on Thursday, just a week after a surprise off-cycle rate hike, as it seeks to attract fresh capital inflows and halt selling in its battered rupiah and other assets.
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Auto
Perodua reduces service maintenance parts price by up to 10%
KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is reducing the price of its service maintenance parts, including labour, by up to 10 per cent, beginning June 19.
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Economy
Johor launches JETP covering 83 investment projects worth RM167.4bil by 2030
JOHOR BAHRU: The state government launched the Johor Economic Transformation Plan (JETP) by identifying 83 investment projects across eight priority industries, which are expected to contribute investments worth RM167.4 billion.
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Corporate News
PNB focused on sustaining strong performance momentum despite global volatility
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) is focused on sustaining its 2025 strong performance momentum while remaining alert to an increasingly complex and evolving external environment.
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Forex
Malaysia and Russia weigh using ruble, ringgit to boost trade
Malaysian Prime Minister Datuk Seri Anwar Ibrahim and Russian President Vladimir Putin discussed using local currencies in bilateral trade as part of efforts to strengthen economic ties.
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Business
Traders keep faith in Malaysian bonds in face of deficit warning
Traders remain sanguine about Malaysia's financial outlook even after officials warned the government may miss its deficit target this year, according to a closely watched financial-market metric.
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Markets
South Korea's KOSPI index tops 9,000 as chipmakers hit records
South Korean shares rose more than 2% on Thursday to top the 9,000 milestone for the first time, as chipmakers hit record highs on AI optimism.
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Economy
Hainan FTP sees sharp increase in global investment
SIX months after the launch of island-wide special customs operations, the Hainan Free Trade Port is running smoothly, with international trade and investor interest rising sharply, Feng Fei, Party secretary of Hainan province, told China Daily.
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Forex
Dollar holds two-month high on rate hike bets, yen slides
HONG KONG: The U.S. dollar clung to a more than two-month high on Thursday after a hawkish hold triggered rate-hike bets despite a U.S.-Iran deal, while the yen weakness drew fresh verbal warnings from Japanese officials.
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Energy
Oil down 2% after US, Iran sign ceasefire agreement
BEIJING/SINGAPORE: Oil prices fell more than $1 per barrel on Thursday after the U.S. and Iran signed an interim agreement that would end the Iran war, reopen the Strait of Hormuz and waive U.S. sanctions on Tehran's oil, boosting the oil supply outlook.
