Latest
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Corporate News
Top Glove's 9M profit jumps 64% on stronger sales, margins
KUALA LUMPUR: Top Glove Corporation Bhd said nitrile latex supply had stabilised as at June 2026, providing greater visibility on raw material availability amid a dynamic business environment.
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Corporate News
EcoWorld's seven-month sales hit RM3.28bil, reaching 82% of FY26 target
KUALA LUMPUR: Eco World Development Group Bhd (EcoWorld) recorded RM3.28bil in sales during the first seven months of FY2026, achieving 82% of its full-year sales target of RM4bil.
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Markets
FBM KLCI trades higher at midday despite tighter global liquidity worries
KUALA LUMPUR: The FBM KLCI traded higher at midday on Thursday, buoyed by gains in selected blue-chip stocks, although concerns over tighter global liquidity conditions capped gains.
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Business
Thailand revives US$30bil coast-to-coast corridor to rival Malacca Strait
RANONG, Thailand: Chaiyaporn Arunrasamee hunched over his fishing nets, overlooking the waters of the Andaman Sea, where Thailand's government is proposing an ambitious "Land Bridge" that will ferry goods between ports on opposite sides of the peninsula.
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Markets
Japan's Nikkei gauge crosses 71,000 on US-Iran peace deal
TOKYO: Japan's Nikkei share gauge surged past the 71,000 level for the first time on Thursday after the United States and Iran extended their ceasefire, easing geopolitical tensions and supporting risk appetite.
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Aviation
MAG working closely with AirBorneo on operational recovery, aircraft availability
KUALA LUMPUR: The Malaysia Aviation Group (MAG), through its maintenance, repair and overhaul (MRO) arm, MAB Engineering Services, remains committed to supporting AirBorneo under its existing maintenance partnership as the Sarawak-owned airline works to overcome recent operational challenges.
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Markets
Sum Technology jumps on ACE Market debut
KUALA LUMPUR: Sum Technology Bhd got off to a strong start on its ACE Market debut on Thursday, opening at 40 sen, a premium of 12 sen or 42.9% over its initial public offering (IPO) price of 28 sen.
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Economy
Malaysia eyes broader cooperation with Turkmenistan during Anwar's visit
ASHGABAT (TURKMENISTAN): Prime Minister Datuk Seri Anwar Ibrahim's visit to Turkmenistan from June 18 to 19 is highly significant as it is expected not only to create more opportunities for cooperation in the oil and gas sector but also to enhance collaboration in other industries such as transportation, logistics and agriculture between the two countries.
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Economy
New Zealand's economy perks up in Q1, eyes on Iran war impact
WELLINGTON: New Zealand's economy picked up slightly in the first quarter, led by the manufacturing sector, although the impact of the Middle East war since then is likely to remain key for policymaker decisions.
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Forex
Ringgit opens easier against US dollar
KUALA LUMPUR: The ringgit opened lower against the US dollar on Thursday as sentiment turned cautious after the US Federal Reserve (Fed) adopted a hawkish tone, driving US Treasury yields higher.
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Corporate News
SunCon's Johor data centre substation contracts rise to RM865.6mil
KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) has secured additional work for two data centre-related substation projects in Johor after accepting change orders from a multinational technology corporation headquartered in the United States.
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Markets
FBM KLCI advances above 1,720 amid cautious optimism
KUALA LUMPUR: The FBM KLCI advanced in early trade on Thursday, bucking overnight losses on Wall Street as bargain-hunting activities and renewed investor optimism lifted the benchmark index above the 1,720 mark.
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Markets
Trading ideas: Vantris Energy, Scanwolf, HexTech, Widad Group, Beshom, MRCB, LAC Med
KUALA LUMPUR: Stocks to watch on Thursday include Vantris Energy Bhd, Scanwolf Corp Bhd, Widad Group Bhd, Hextar Technologies Solutions Bhd (HexTech), Beshom Holdings Bhd, Malaysian Resources Corp Bhd (MRCB) and LAC Med Bhd.
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Markets
Wall Street sinks on bets Fed will hike rates this year
The S&P 500 and Nasdaq closed down by more than 1% on Wednesday, as traders bet that the Federal Reserve's next move would be a rate hike after new Fed Chair Kevin Warsh highlighted the need to tame inflation and other policy makers projected rising interest rates later this year.
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Commodities
Oil rises on Iran deal doubts; IEA warns of glut
Oil prices gained nearly 1% on Wednesday after US President Donald Trump said the new ceasefire agreement with Iran was not final and the Iran war could resume if he is unsatisfied, but concerns over excess supply next year limited the gains.
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Corporate News
Adani Green seeks US$1bil loan after US settlement
Adani Green Energy Ltd is seeking to raise as much as US$1bil through an offshore loan, according to people familiar with the matter – its first overseas borrowing since emerging from legal troubles in the United States.
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Economy
ECB: Iran deal isn’t enough to fix energy shock
European Central Bank (ECB) officials are signalling that a United States-Iran peace accord does not necessarily stop them from lifting interest rates further, even if it prevents a more pronounced overshoot in inflation.
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Economy
Langat 2 flows into second phase
Competition for the first two packages of the RM3.7bil Langat 2 Phase 2 water infrastructure project is expected to be intense, with Gamuda Bhd and IJM Corp Bhd seen as strong contenders following the issuance of pre-qualification notices, CIMB Research says.
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Markets
S. Koreans snap up US$800mil SpaceX stocks
South Korean retail investors snapped up almost US$800mil of SpaceX shares on the stock's first day of trading, underscoring strong demand for Elon Musk's company after local investors were shut out from the world's largest initial public offering (IPO).
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Economy
US move can’t suppress growth of Chinese firms
The United States' recent move to suppress more Chinese companies will not affect the world's growing demand for Chinese-made solar panels, electric vehicles and industrial robots, which are both quality-oriented and cost-efficient, experts say.
