Latest
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Economy
US first-quarter GDP growth revised lower to 1.6% pace
WASHINGTON: U.S. economic growth was not as strong as initially thought in the first quarter, and momentum is set to slow this quarter, with the war with Iran stoking inflation and squeezing households finances.
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Economy
US weekly jobless claims increase marginally amid low layoffs
WASHINGTON: The number of Americans filing claims for unemployment benefits increased marginally last week amid relatively low layoffs, despite the dragging war with Iran.
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Markets
MM Computer Systems IPO oversubscribed 42.12 times ahead of ACE Market listing
KUALA LUMPUR: MM Computer Systems Bhd's (MMCS) initial public offering (IPO) has been oversubscribed by 42.12 times ahead of its listing on the ACE Market of Bursa Malaysia, slated on June 11, 2026.
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Corporate News
YTL Corp 3Q net profit falls to RM326mil, revenue rises to RM7.57bil
KUALA LUMPUR: YTL Corporation Bhd's (YTL Corp) net profit decreased to RM325.99 million in the third quarter ended March 31, 2026 (3Q FY2026) from RM432.63 million in the same quarter last year.
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Corporate News
Malakoff cautiously optimistic on prospects
PETALING JAYA: Malakoff Corp Bhd will remain prudent and cautiously optimistic on the overall performance of its financial year ending Dec 31, 2026.
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Corporate News
IJM eyes improved FY27 performance supported by RM14.7bil order book
PETALING JAYA: IJM Corp Bhd is confident that its construction division would be able to deliver a better performance in the financial year ending March 2027 (FY27), on the back of its order book in hand of RM14.7bil.
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Forex
BCorp's net loss widens to RM176.23mil in 3Q26
KUALA LUMPUR: Berjaya Corporation Bhd's (BCorp) net loss widened to RM176.23 million in the third quarter ended March 31, 2026 (3Q), compared with a net loss of RM92.34 million in the same period a year ago.
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Corporate News
IOI Properties' profits more than tripled for 3Q26, reiterates optimistic outlook
PETALING JAYA: IOI Properties Group Bhd (IOIPG) is confident that its property investment segment is poised to continue on an upward trajectory, supported by the improving physical occupancy levels at the group's IOI Central Boulevard Towers and South Beach Tower in Singapore.
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Banking
MBSB to stay focused on FLIGHT26 strategy
KUALA LUMPUR: MBSB Bhd said its business plan for 2026 will continue to be guided by the FLIGHT26 strategy.
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Banking
Hong Leong Bank expands Duitsmart financial literacy programme to 27 Segambut schools
KUALA LUMPUR: Hong Leong Bank and HLB Islamic will roll out their HLB Duitsmart financial literacy workshops to 27 primary and secondary schools across the Segambut district.
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Forex
Ringgit ends lower against greenback as geopolitical concerns persist
KUALA LUMPUR: The ringgit closed lower against the US dollar on Thursday, as escalating geopolitical tensions in West Asia increased demand for the greenback amid heightened risk aversion.
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Corporate News
Northern Solar unit bags RM47.5mil subcontract
KUALA LUMPUR: Northern Solar Holdings Bhd's wholly-owned subsidiary, Northern Solar Sdn Bhd (NSSB), has entered into a subcontract agreement for Plot-B construction works with a contract price of RM47.53mil.
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Corporate News
CBH Engineering secures RM28mil turnkey job
PETALING JAYA: CBH Engineering Holding Bhd has secured a contract for works relating to the development of a 100 megawatts / 400 megawatt-hours battery energy storage system in Pahang, worth RM27.7mil.
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Corporate News
Press Metal sees robust FY26 outlook with improved earnings and higher dividends
KUALA LUMPUR: Press Metal Aluminium Holdings Bhd expects to deliver satisfactory performance in the current financial year ending Dec 31, 2026 (FY26), supported by strengthening aluminium prices and moderating alumina input costs despite ongoing geopolitical uncertainties.
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Corporate News
Pharmaniaga secures RM282mil medical supply contract
PETALING JAYA: Pharmaniaga Bhd has secured a contract to supply medical products to the Malaysian government, worth RM281.67mil.
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Banking
CIMB in strategic partnership with China Merchants Bank to expand cross-border banking solutions
KUALA LUMPUR: CIMB Bank Bhd and China Merchants Bank Co Ltd have established a strategic partnership to offer cross-border solutions and support the expansion of end-to-end banking services across China, Malaysia, and ASEAN.
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Corporate News
Rohas to acquire 51% stake in M&E firm for RM14mil
PETALING JAYA: Rohas Tecnic Bhd has entered into a non-binding term sheet with Chin Kok You to acquire a 51% stake in mechanical and electrical (M&E) firm Centrix Engineering (M) Sdn Bhd for RM14.28mil.
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Markets
FBM KLCI extends losses amid weaker regional markets, cautious sentiment
KUALA LUMPUR: The FBM KLCI remained under pressure on Thursday as investors returned from the public holiday to a broadly weaker regional market, with cautious sentiment prevailing during the final stretch of the corporate earnings season.
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Business
SC enhances primary market framework to improve public listing access for issuers
KUALA LUMPUR: The Securities Commission Malaysia (SC) today released its revised Equity Guidelines and Response Paper, introducing targeted enhancements to the primary market framework.
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Business
UOA Group co-founder Kong Chong Soon passes away
PETALING JAYA: UOA Development Bhd has announced that its managing director Kong Chong Soon @ Chi Suim, has passed away.
