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Thu, 28 Sep 2023
3:53 PM NIO, Wurth Group Sign Global Strategic Cooperation Agreement
3:36 PM OpenAI, Jony Ive in talks to raise US$1b from SoftBank for AI device venture — FT

ChatGPT maker OpenAI is in advanced talks with former Apple designer Jony Ive and SoftBank's Masayoshi Son to build the "iPhone of artificial intelligence", fuelled by more than US$1 billion (RM4.7 billion) in funding from the Japanese conglomerate, the Financial Times reported on Thursday.
3:18 PM HSBC to acquire Citigroup China consumer wealth business — sources

HSBC is set to acquire Citigroup's China consumer wealth management business, which manages more than US$3 billion (RM14.1 billion) in assets, two sources with knowledge of the matter said, in a major boost to the London-based bank's business in that country.
3:15 PM Malaysia's 2024 palm oil output to rise despite El Nino — MPOB

Malaysia's palm oil production is likely to rise next year as more plentiful labour and the maturation of plantations for harvesting offset the impact of the El Nino weather pattern, the Malaysian Palm Oil Board (MPOB) said on Thursday.
2:21 PM Chip Industry Trends Summary (2023-09-28)
2:16 PM Epic Games Appeals to US Supreme Court for Reconsideration of Apple Antitrust Ruling
2:10 PM Cover Story: Bernas’ role questioned amid country’s rice dilemma

THERE is a lot that is not known about the concession agreement the government signed with Padiberas Nasional Bhd (Bernas) when the latter took over the role of Lembaga Padi dan Beras Negara in January 1996 via a privatisation exercise. For instance, a number of social obligations liste...
2:00 PM Cover Story: Rice conundrum thrusts food security into the spotlight

THESE days, it can be difficult to buy a 10kg bag of local white rice, better known as the Super Special Tempatan 5% rice (SST 5%), from the neighbourhood store or hypermarket. Datuk Ameer Ali Mydin, managing director of Mydin Mohamed Holdings Bhd, which owns the Mydin hypermarket chain...
1:58 PM Thai baht extends losses, other Asian FX steady

Thailand's baht slumped to its lowest in more than 10 months on Thursday, depressed by persistent worries over its fiscal outlook, while other Asian currencies managed to steady after recent losses against a rallying dollar.
1:55 PM 3 new stocks open for subscription! Two-wheeled vehicle maker Luyuan Group's min. fee at HK$4040.35
1:50 PM Lucid Establishes 1st International EV Factory in Saudi Arabia
1:39 PM D&O – 2Q23业绩汇报
tag stockD&O -0.6%,
Rh Research
1:36 PM Singapore govt announces additional US$802mil to ease cost of living

SINGAPORE: Singapore's finance ministry on Thursday announced an additional S$1.1 billion ($802 million) to help households handle increases in the cost of living.
12:41 PM AI software firm Fourth Paradigm closes at HK$58.5 at noon, 5.22% higher than listing price
12:28 PM Singapore govt announces additional US$802m to ease cost of living

Singapore's finance ministry on Thursday announced an additional S$1.1 billion (RM3.7 billion) to help households handle increases in the cost of living.
12:28 PM 油价触及95美元 分析指迟早“破百”
12:03 PM HSI dropped by 1.04%; YUES INTL HLDG rose by 54.46%; SHENZHOU INTL climbed by 3.01%
11:43 AM PayNet clarifies transaction fees and distinctions for DuitNow QR payments

Payments Network Malaysia Sdn Bhd (PayNet), the operator of DuitNow QR, on Thursday provided clarification on implementation of transaction fees for DuitNow QR payments and transfers made with credit cards, effective November 1, 2023.
11:26 AM CPOPC sec gen urges fair and equitable competition in global vegetable oil trade

Fair and equitable competition is needed in the global trade of vegetable oils to ensure a level playing field for all stakeholders, said Council of Palm Oil Producing Countries (CPOPC) secretary general Rizal Affandi Lukman.
11:20 AM Fed’s higher-for-longer mantra has doubters in bond market

(Sep 27): Amid signs the bond market has bought into the Federal Reserve keeping interest rates higher for longer, a cohort of investors is placing bets on the economy hitting a wall — and a sharp policy reversal in short order. Treasury yields have settled into tight ranges this month ...
11:17 AM 美国政府又要停摆 需要了解的都在这里
11:16 AM Australia job vacancies tumble from record levels in latest quarter

SYDNEY:  Job vacancies in Australia slid from record levels in the three months to August, adding to signs that the country's labour shortage might be easing as interest rate hikes work to constrain demand.
11:03 AM Franklin Templeton awaits wider junk spreads as defaults rack up

(Sep 28): More junk-rated companies are likely to default on their debt as the US economy slows, according to Franklin Templeton, which is waiting for wider spreads before buying the bonds. The $1.4 trillion asset manager, which is currently underweight US high yield, may add exposure i...
11:00 AM EU urged to implement inclusive deforestation regulations to support smallholders

Solidaridad Asia has called on the European Union (EU) to take a comprehensive approach in implementing the EU Deforestation Regulation (EUDR) that will primarily benefit smallholders.
10:51 AM 新元兑日圆再创新高　一度涨破109

（新加坡28日讯）新元兑日圆再创新高，一度涨破1新元兑109日圆，周三（9月27日）涨至109.0025日圆，截至今日上...
10:50 AM Three takeaways from the second 2024 Republican presidential debate

SIMI VALLEY, California (Sept 27): The seven Republicans on stage at their party's second 2024 presidential primary debate aimed on Wednesday to convince voters they could be a viable alternative to frontrunner Donald Trump, who skipped the event. Here are takeaways from the debate in S...
10:48 AM X CEO Yaccarino says Musk-owned platform could turn a profit next year

SOCIAL media platform X could turn a profit in early 2024, Chief Executive Officer Linda Yaccarino said on Wednesday, during a wide-ranging interview in which she defended the company's progress under billionaire owner Elon Musk.
10:45 AM iPhone 15 Pro用户抱怨设备“烫手”
10:45 AM X CEO Yaccarino says Musk-owned platform could turn a profit next year

Social media platform X could turn a profit in early 2024, chief executive officer Linda Yaccarino said on Wednesday, during a wide-ranging interview in which she defended the company's progress under billionaire owner Elon Musk.
10:40 AM Mongol Mining surges 6.2%, and United Energy rises 4.6%, leading energy stocks
10:39 AM Dollar shines as oil surge spooks investors

SINGAPORE: Oil prices scaled one-year highs on Thursday, while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter in the safety of a surging U.S. dollar.
10:38 AM Dollar shines as oil surge spooks investors

Oil prices scaled one-year highs on Thursday, while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter in the safety of a surging US dollar.
10:35 AM Australia Aug retail sales post tepid rise, add to rate pause case

Australian retail sales rose modestly in August as consumers continued to cut back on spending in the face of elevated living expenses and high borrowing costs, signalling interest rates may not have to rise further.
10:26 AM 恒大系上市公司 集体暂停交易
9:49 AM Indonesia to sue UK agency for share of Airbus bribery case settlement — minister

Indonesia plans to sue the United Kingdom's anti-graft agency for a share of a €991 million (RM4.9 billion) bribery settlement paid by aircraft maker Airbus to the British government, its law minister said on Wednesday.
9:37 AM Shares of China Evergrande suspended as chairman under police watch

Trading in shares of China Evergrande were suspended on Thursday after a report its chairman had been placed under police surveillance, intensifying concerns over the developer's future as it struggles with a growing threat of liquidation.
9:34 AM Shares of China Evergrande suspended as chairman under police watch

HONG KONG: Trading in shares of China Evergrande were suspended on Thursday after a report its chairman had been placed under police surveillance, intensifying concerns over the developer's future as it struggles with a growing threat of liquidation.
9:19 AM Neuropower副总经理彭奕凯 专业电供
9:19 AM 2023马来西亚十大杰出青年 OE大丰收5精英脱颖而出
9:17 AM Dollar surge is bringing ‘pseudo tightening’ to Southeast Asia

Southeast Asian central banks are using tools other than rate hikes to defend their currencies against the surging dollar as bets on higher-for-longer Federal Reserve rates take hold.
9:16 AM US SEC nearing settlement with Wall Street firms over WhatsApp probe -sources

NEW YORK: The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge of the matter.
9:10 AM Italy hikes deficit targets as economic growth weakens

The Italian government on Wednesday cut its growth forecasts for this year and next and hiked its budget deficit targets, as rising interest rates hurt the economy and costly green building incentives weigh on public finances.
9:07 AM Holidays at home for record number of Chinese as economic slowdown bites

SHANGHAI: A record number of Chinese are choosing to travel at home this Golden Week holiday, potentially boosting domestic consumption but disappointing travel agents who have been waiting for big-spending tourists to go back abroad since the pandemic ended.
9:02 AM Trump says UAW talks do not matter because EV shift will kill jobs

Former US president Donald Trump said on Wednesday it was not important whether striking union autoworkers secured a favorable deal in negotiations with big carmakers because the shift to electric vehicles would soon make them obsolete.
8:59 AM US Government shutdown on the horizon; HK stock index ascends upon China's recovering industrial profits
8:57 AM Oil rises on US crude draws, tight global supply

Oil prices rose in early Asian trade on Thursday after surging to the highest settlement in 2023 in the previous session as a steep drop in US crude stocks added to worries of tight global supplies.
8:55 AM As shutdown looms, companies should go public 'before Friday' — US SEC chief

A looming government shutdown would reduce US Securities and Exchange Commission (SEC) staffing to "skeletal" levels, stopping it from approving companies' Wall Street debuts and hindering its ability to respond to any market turmoil, its chair told lawmakers on Wednesday.
8:50 AM US economy facing headwinds from possible government shutdown — White House

The US economy is facing headwinds from a possible government shutdown, student debt payments restarting, higher interest rates and an autoworkers' strike, White House economic adviser Jared Bernstein said on Wednesday.
8:47 AM Uber names semiconductor executive Mahendra-Rajah as CFO

Uber Technologies on Wednesday named Analog Devices CFO Prashanth Mahendra-Rajah as its finance chief at a time when the ride-hailing company is gearing up for growing competition in the industry.
8:46 AM As shutdown looms, companies should go public 'before Friday' -US SEC chief

 A LOOMING government shutdown would reduce U.S. Securities and Exchange Commission (SEC) staffing to "skeletal" levels, stopping it from approving companies' Wall Street debuts and hindering its ability to respond to any market turmoil, its chair told lawmakers on Wednesday.
8:43 AM Does the stock market reflect the real economy i4value
8:43 AM Apple ordered to face Apple Pay antitrust lawsuit

Apple was ordered on Wednesday to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet.
8:38 AM S&P 500 ekes out slim gain as investors weigh elevated yields

The S&P 500 eked out a fractional gain on Wednesday after a see-saw session, as investors weighed whether to start bargain hunting following a sell-off fueled by elevated Treasury yields and uncertainty about the path ahead for interest rates.
8:16 AM Oil climbs 3% as steep US crude stocks draw adds to supply concerns

Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in US crude stocks compounded worries of tight global supplies.
8:07 AM S&P 500 ekes out slim gain as investors weigh elevated yields

The S&P 500 eked out a fractional gain on Wednesday after a see-saw session, as investors weighed whether to start bargain hunting following a sell-off fuelled by elevated Treasury yields and uncertainty about the path ahead for interest rates.
7:16 AM S. Korean banks’ lending rate falls in August

South Korean banks’ lending rate fell for the second straight month amid the continued policy rate freeze, central bank data shows.
7:16 AM With price increases markets shift focus to crude

Oil prices rose nearly US$1 yesterday as markets focus on supply tightness heading into the northern hemisphere winter and a “soft landing” for the United States economy.
7:16 AM Pressure on Evergrande with chairman under police surveillance

The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reports, ratcheting up pressure on the embattled developer whose outlook has already darkened significantly this week.
7:16 AM Pace of China’s industrial-profit slump eases

Profits at China’s industrial firms extended a double-digit drop for the first eight months of the year, but the pace of declines eased slightly as a flurry of policy support steps has started to stabilise parts of the stuttering economy.
7:16 AM PwC Australia says lack of board oversight leads to tax scandal

PricewaterhouseCoopers (PwC) Australia says its risk controls were inadequate and its board didn’t challenge the firm’s leadership enough, following a months-long independent inquiry into malpractice.
7:16 AM Argentina oil sector tap better exchange rate

Argentina will allow its oil sector to tap a much more favourable exchange rate for the next two months, the economy minister says, in a bid to boost the industry that is in a severe economic slump and ahead of next month’s pivotal presidential election.
7:16 AM Brazil central bank says bigger interest rate cuts are unlikely

Brazil’s central bank poured cold water over bets on a faster pace of interest rate cuts and cited a number of factors that could determine the length of the monetary easing cycle, including long-term inflation expectations which remain above target.
7:16 AM ‘Perfect’ time to buy value stocks

With odds of a hard landing rising just as inflation is set to re-accelerate, this is the time for investors to offload their expensive growth shares in favour of value stocks, says Rob Arnott, founder of smart-beta pioneer Research Affiliates.
7:16 AM EU must choose between cheaper power or protecting local wind industry

Europe will have to decide whether it wants to reduce electricity prices or protect its wind-turbine manufacturers from low-cost Chinese competitors, says the boss of TotalEnergies SE.
7:16 AM Singapore weighs novel carbon credits for coal phase-out in Asia

Singapore’s central bank released a proposal on the issuance of novel carbon credits tied to the phase out of coal-fired power plants (CFPPs), a move to ramp up financing for energy transition projects in Asia.
7:16 AM Fund managers turn to lawyers for ESG failures

Investment managers are losing patience with corporate foot-dragging on key environmental, social, and governance (ESG) metrics, and are starting to see legal action as the logical next step, according to the head of Britain’s biggest sustainable finance association.
7:10 AM Dow closes lower Wednesday as stocks’ comeback attempt fails
7:01 AM World Bank chief to tackle ‘dysfunctionality’

World Bank president Ajay Banga says that he is working to reform “dysfunctionality” in the boardroom of the development lender, and pledged to refocus its mission to better address the challenges posed by climate change.
7:01 AM Decline in average selling prices of FFB, CPO a drawback for Kim Loong

Kim Loong Resources Bhd’s financial performance for the second quarter ended July 31, 2023 (2Q24) and the first half was impacted by the sharp decline in average selling prices of fresh fruit bunch (FFB) and crude palm oil (CPO), despite seeing an increase in production levels.
tag stockKMLOONG 0%,
7:01 AM Ekovest major holder to streamline stakes

Tan Sri Lim Kang Hoo, the major shareholder of Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (IWCity), has proposed to undertake a reorganisation, rationalisation and merger proposal involving the companies.
tag stockEKOVEST -2.6%,
7:01 AM Capital A forms partnership with Garuda

Capital A Bhd, the holding company of low-cost carrier AirAsia, has formed a strategic partnership with Garuda Indonesia Group, the national flag carrier of Indonesia.
tag stockCAPITALA -1.5%,
7:01 AM Sapura Energy posts RM43mil net profit in 2Q

Sapura Energy Bhd recorded a net profit of RM42.81mil for the second quarter ended July 31, 2023 (2Q23), helped by lower depreciation, a higher share of profit from joint ventures and associates as well as foreign exchange gains.
tag stockSAPNRG +10.0%,
7:01 AM MAA proposes Budget 2024 incentives to include all xEVs

As the government is ramping up green initiatives in the automotive industry, the Malaysian Automotive Association (MAA) is proposing incentives under the Budget 2024 to be given to all types of electrified vehicle (xEV) rather than just electric vehicle (EV), in order to popularise xEV in Malaysia.
7:01 AM Consumer sector likely to face lower spending

Kenanga Research has downgraded its stance on the consumer sector to “neutral” from “overweight” amid concerns the impending changes to the fuel subsidy system may impact the future prospects of mid-market retailers.
tag stockDLADY -0.4%, F&N +0.2%, MRDIY -0.7%,
7:01 AM Better margins on the cards for NTPM

NTPM Holdings Bhd’s margins are expected to continue widening in upcoming quarters as raw material costs stabilise and stronger demand for its products lead to higher capacity utilisation.
tag stockNTPM 0%,
7:01 AM Export and import unit value indices up in August

Malaysia’s August export unit value index rose a marginal 0.5% to 142.3 points, the Statistics Department says.
7:01 AM Reshaping the FX world

A looming shift in the way US equity trades are settled is sending unintended shock waves through the US$7.5 trillion-a-day global market for foreign exchange (FX).
7:01 AM Year-end uptick expected for VS Industry

VS Industry Bhd (VSI) is expected to see an uptick in its sales orders following the pick up in preparation for the holiday and festive seasons by the end of this year, says Hong Leong Investment Bank (HLIB) Research.
7:01 AM UK green bond sale demand holds up after Sunak’s climate pivot

Demand for the Britain’s green bonds held up in a sale on Tuesday, after speculation that Prime Minister Rishi Sunak’s changes to climate policies might hurt investor interest.
7:01 AM Echoing the Fed’s view on growth, higher-for-longer rates

Wall Street economists are growing more upbeat about US economic growth while acknowledging that it may require interest rates to stay higher for longer, in line with recent projections by the Federal Reserve (Fed).
7:01 AM ‘EU should stick to fossil fuel for making hydrogen’

Decarbonising some of the European Union’s (EU) most polluting industries could be more effective if fossil fuels are used to produce hydrogen in the near term rather than renewables, according to an environmental organisation.
7:01 AM Carbon trading opens up new avenues for fraud

The Financial Services Authority (OJK), the regulator and supervisor of the financial services industry, issued on Aug 23 OJK Regulation No. 14/2023 on Carbon Trading Through the Carbon Exchange to serve as a guideline for market operators organising carbon trading.
7:01 AM Priorities to drive national growth

There is a heightened sense of curiosity surrounding the government’s budget-setting priorities for 2024.
7:01 AM Markets slightly increase bets for fourth RBA rate pause

Australia’s inflation accelerates, driven by a surge in fuel prices, but the gains are in line with expectations and a measure of core inflation eases further, lessening any immediate pressure for the central bank to hike interest rates again.
7:01 AM General Atlantic to push other asset classes

General Atlantic is reorganising around three core businesses to prepare for a more aggressive expansion beyond its roots as a growth equity firm and become a bigger money manager.
7:01 AM Jakarta launches carbon credit trading

Indonesia launched trading in a new carbon emissions credit market as it aims to curb the climate impact of its coal-dominated power sector and hit net zero by 2060 or sooner.
7:01 AM Asia’s coal sector sees long, prosperous life despite transition

Asia's coal sector has gone from thinking they are in terminal decline as the world shifts to a net-zero carbon future to seeing themselves as being a part of the energy mix for decades to come, while raking in profits.
7:00 AM Sunway, Umech and PDC to build industrial park

Sunway Bhd, in collaboration with Umech Land Sdn Bhd, has signed a joint development agreement with Penang Development Corp (PDC) to develop a 559-acre industrial park in Batu Kawan.
tag stockSUNWAY -1.0%,
7:00 AM Wells Fargo, Centerbridge in US$5bil lending fund

Wells Fargo is teaming up with private equity firm Centerbridge Partners to launch a fund with the capacity to lend more than US$5bil to North American middle-market companies, the groups say.
7:00 AM France taps nuclear know-how to recycle EV batteries

In the cradle of France’s atomic programme, researchers are using their nuclear know-how for a key project in the country’s energy transition: recycling the raw materials in old electric vehicle (EV) batteries, solar panels and wind turbines.
7:00 AM Giant wireless carrier to triple investment in AI

The chief executive officer (CEO) of SK Telecom, South Korea’s largest wireless carrier by subscription, unveils the company’s roadmap to leap forward as a global artificial intelligence (AI) firm within the next five years by expanding its business and technology based on its AI assistant service, A.
7:00 AM Indonesia to keep an eye on surging oil

The government will keep a watchful eye on crude oil prices, which are expected to surge by the end of this year. The Finance Ministry says it is prepared to carry out stress testing if needed to anticipate any impact on the state budget, particularly energy subsidies.
7:00 AM Telco proposal sparks concern over costs

India’s Internet service providers have come up with a controversial proposal that may require popular online communication platforms such as WhatsApp and Telegram to pay them a commission for using their networks.
7:00 AM NETR and NIMP to hasten transition, boost investment opportunities

The National Energy Transition Roadmap (NETR) and New Industrial Master Plan (NIMP) are expected to accelerate the country’s transition and open up large investment opportunities, says Bank Negara.
7:00 AM Haitong plans buyout of international arm

Haitong Securities plans to buy the remainder of its Hong Kong-listed subsidiary Haitong International in a bid to stem the offshore investment banking arm’s losses, two sources with knowledge of the matter says.
7:00 AM Kerjaya Prospek wins RM203mil job

Kerjaya Prospek Group Bhd’s wholly owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, has secured a RM203.06mil contract from Samsung-KP JV, a consortium comprising KPM and Samsung C&T (KL) Sdn Bhd.
tag stockKERJAYA +1.6%,
7:00 AM China’s Trina Solar plans US$400mil Vietnam plant

Chinese solar panel maker Trina Solar is planning to build its third factory in Vietnam, three people familiar with the matter say, a move that would boost exports to the United States following punitive duties to be imposed on products it makes in Thailand.
7:00 AM Weakening external demand

Recent weak economic data have raised concern that Malaysia’s gross domestic product (GDP) growth this year may fall short of the government’s expectations.
7:00 AM Copper falls on firm US dollar, property worries

Copper prices fell yesterday, as a firm US dollar and concerns in the Chinese property market weighed on sentiment, but slowing industrial profits decline lent prices some support.
7:00 AM Investors upbeat about DWN model

The generally positive sentiment of investors over the 5G dual wholesale network (DWN) model implementation has kept up Kenanga Research’s optimistic outlook on the telecommunications industry.
tag stockCDB 0%, MAXIS -1.0%, TM -0.2%,
7:00 AM Aviatron acquisition earnings dilutive for SAM Engineering

Analysts remain neutral on SAM Engineering & Equipment (M) Bhd’s acquisition of Aviatron (M) Sdn Bhd due to single customer risk and the absence of a profit guarantee provided in the deal.
tag stockSAM -4.4%,
7:00 AM Creditors to seek deal without waiting for China

Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, according to people familiar with the matter, a move with potential implications for how richer nations handle financial stress in the developing world.
7:00 AM India’s ultra-long bonds to see ample demand from insurers

India’s first-ever issuance of 50-year government bonds and 30-year green bonds can be easily absorbed by insurance companies and provident funds, which are keen and have been looking for avenues to park long-term funds, officials say.
7:00 AM Gamuda confident as earnings improve

Construction titan Gamuda Bhd is confident of its prospects for the next financial year ending July 31, 2024 (FY24) as it believes its performance will be driven by a number of overseas construction activities.
tag stockGAMUDA -1.6%,
7:00 AM Investors with US$24 trillion push companies to curb nature impact

Investors overseeing US$23.6 trillion of funds have kick-started a campaign to pressure 100 companies to ramp up the fight against biodiversity loss.
7:00 AM Hiap Teck net profit up 74% to RM42.6mil in 4Q

Hiap Teck Venture Bhd remains cautious of developments on both the domestic and external fronts, particularly on the challenges caused by heightened volatility in steel prices, financial markets and geopolitical tensions.
tag stockHIAPTEK +1.2%,
7:00 AM Beaten down US solar sector may be primed for a rebound

Solar stocks have been some of the hardest hit equities in US markets this year, with several major solar firms nursing stock price losses of more than 50% and a major solar-based exchange-traded fund (ETF) down roughly 30%.
7:00 AM Artroniq to launch electric bike soon

Artroniq Bhd expects to launch a new range of electric motor products in collaboration with its wholly owned subsidiary, Artronic Itech Sdn Bhd, in the fourth quarter (4Q) of 2023.
tag stockARTRONIQ -1.8%,
1:55 AM Meta rolls out higher-priced Quest 3 headset, just ahead of Apple’s Vision Pro

Meta Platforms Inc is introducing its latest lineup of head-worn devices, staking fresh claim to the virtual- and augmented-reality industry just ahead of Apple Inc pushing into the market.
1:28 AM SPNB files another suit alleging fraud against ex-CEO, includes developer linked to Daim's son

SPNB Aspirasi Sdn Bhd, a unit of national housing development company Syarikat Perumahan Negara Bhd (SPNB), has filed another lawsuit alleging fraud against SPNB's former CEO and executive director Datuk Ahmad Azizi Ali — this time involving a service apartment project in Hulu Langat, Selangor.
1:09 AM Trump’s business empire at risk of dissolution after New York ruling

Donald Trump rode down the escalator at Trump Tower to announce he was running for president in 2015. The Fifth Avenue skyscraper had long served as the backdrop to his business success story, which in turn became the foundation for his rise in politics.
12:18 AM 展示创新产品与趋势 美容贸易展揭幕
12:18 AM 建超宽带产业生态系统 华为助马缩小城乡数字鸿沟
12:18 AM 华为2.6吉瓦太阳能逆变器 年减181万吨碳排放
12:18 AM 挖宝
12:18 AM 黄诗琪任大使 GINTELL折扣高达55%
12:18 AM 下跌股:Hextar科技 RM23.60支撑
tag stockHEXTECH -3.2%,
12:18 AM 上升股:永旺信贷 阻力RM12.16
tag stockAEONCR +3.1%,
12:18 AM 曹观友将履行州选承诺 未来5年发展槟大型基设
12:18 AM 热门股:国家能源 上挑RM10.10
tag stockTENAGA +0.8%,
12:18 AM 再也布米建筑挑战RM1.12/敏源
tag stockPJBUMI +4.6%,
12:01 AM 传商家用DuitNow二维码将征费 魏家祥:政府须解释
Wed, 27 Sep 2023
11:59 PM Glomac, Sapura Energy, Capital A, Sunway, Pensonic, Jiankun International, Gamuda, Kim Loong Resources, Hiap Teck Ventures, Censof, Ekovest

Here is a brief recap of some corporate announcements that made news on Wednesday: Glomac Bhd, Sapura Energy, Capital A, Sunway, Pensonic, Jiankun International Bhd, Gamuda Bhd, Kim Loong Resources Bhd, Hiap Teck Ventures Bhd, Censof Holdings Bhd and Ekovest Bhd.
tag stockGLOMAC +2.6%, SAPNRG +10.0%, CAPITALA -1.5%, SUNWAY -1.0%, PENSONI -3.1%, JIANKUN -2.6%, GAMUDA -1.6%, KMLOONG 0%, HIAPTEK +1.2%, CENSOF +4.3%, EKOVEST -2.6%,
11:51 PM BLand complies with public shareholding spread requirement

Berjaya Land Bhd (BLand) has rectified its public shareholding spread in accordance with Bursa Malaysia’s approved minimum requirement of 20%, ahead of its Sept 30 deadline.
tag stockBJLAND -1.6%,
11:46 PM Country Garden takes step towards restructuring offshore debt

Chinese developer Country Garden Holdings Co is in talks with Houlihan Lokey Inc and China International Capital Corp (CICC) for both to become financial advisers and put together an offshore-debt restructuring plan, according to people familiar with the matter.
11:38 PM US shutdown’s US$1.9 bil risk: No money for workers or SpaceX

A US government shutdown would have a cascading economic effect, beginning mildly and deepening over time as millions of workers go without salary, private contractors aren’t paid and consumer uncertainty grows over Washington’s dysfunction.
11:16 PM Hyundai, Kia recall 3.3 mil vehicles in US due to fire risk

Hyundai Motor America and Kia America Inc are recalling a combined 3.3 million cars that they say are at risk of catching fire due to a brake fluid leak that could cause an electrical short.
11:08 PM Survey finds China investor gloom on property reaches record

A record share of Chinese investors plan to cut their allocation in property over the next year, a new survey showed, underlining the difficulties Beijing is having breathing life back into the sector.
10:48 PM 【独家】陈泓缣保证不米荒 白米自供率2030年可达80%
10:47 PM TWL Holdings to raise RM23.51 mil for Rumah Selangorku project via share placement

TWL Holdings Bhd has proposed to undertake a private placement of up to 10% of its issued shares to raise up to RM23.51 million, mainly to fund the group’s development costs of 715 units of affordable housing under the Rumah Selangorku scheme.
tag stockTWL 0%,
10:40 PM 阿米尔:鼓励生产缓解短缺 本地米顶价应调高
10:26 PM Kerjaya Prospek bags RM203 mil concrete structure job for Texas Instruments' Melaka factory

Kerjaya Prospek Group Bhd has secured a contract worth RM203.06 million from Samsung-KP JV — the 30:70 joint venture between Kerjaya Prospek (M) Sdn Bhd and Samsung C&T (KL) Sdn Bhd, to undertake the concrete structure works of Texas Instruments Electronic Malaysia Sdn Bhd's factory in Melaka.
tag stockKERJAYA +1.6%,
10:23 PM EVENING 5: Five things you need to know today
10:03 PM Targeted fuel subsidy could squeeze M40s hardest, say experts

Targeted fuel subsidies could hit the middle-income group (M40s) the hardest, as the top 20% income earners (T20) will be better able to absorb the higher fuel costs while the bottom 40% households (B40) will be eligible for handouts to buffer the resulting higher inflation, said an analyst and economist.
9:51 PM 假冒的人工智能/麦传球
9:38 PM 统计局:7月贸易跌14% 经济短期续温和增长
9:37 PM US yield surge helps Fed on inflation, but risks a harder landing

The latest surge in long-term interest rates to the highest levels in 16 years adds to a lengthening list of headwinds threatening to blow the US economy off a soft-landing course.
9:22 PM 沈志强:重建中小企 预算案着重改革振经济
9:19 PM Indian tax officers visit factory, Bengaluru office of China's Lenovo — sources

Indian income tax officials on Wednesday visited a factory of Chinese PC maker Lenovo in the union territory of Puducherry and one of its offices in Bengaluru city as part of an inquiry, two sources told Reuters.
9:19 PM Glomac’s 1QFY2024 earnings ease after completion of existing projects without new launches

Glomac Bhd's net profit dropped 21.5% for the first quarter ended July 31, 2023 (1QFY2024) on lower contribution from its property development business after the completion of several projects, coupled with a dearth of new launches.
tag stockGLOMAC +2.6%,
9:14 PM 安华:让华为更有效参与 改用双5G平衡东西方科技
9:13 PM Fed may do less if risks like shutdown hit, says Kashkari

A US government shutdown or prolonged strike by automotive workers could slow the economy, meaning the Federal Reserve wouldn’t have to use its tools to ease price growth, Minneapolis Fed president Neel Kashkari said.
9:04 PM US business equipment orders rebound in August after downward revision

Orders placed with US factories for business equipment rebounded in August, suggesting resilient investment despite elevated borrowing costs.
8:58 PM 业者:加强国人理财意识 财务规划费应免税
8:56 PM 不再挣扎了 三菱汽车退出中国生产
8:53 PM Striking US auto workers want their pensions back, apart from higher wages

On picket lines around the country, auto workers aren’t just demanding higher wages. They want to get back their once-sacred retirement pensions.
8:51 PM 林刚河整合上市公司　壮大怡克伟士

（吉隆坡27日讯）商业大亨丹斯里林刚河出手简化、合并和重组4家公司，即怡克伟士（EKOVEST，8877，主板建筑股）、...
tag stockEKOVEST -2.6%, KNUSFOR +1.4%, IWCITY -1.3%, PLS 0%,
8:46 PM Sapura Energy bags RM1.4 bil job for gas complex in Angola, reports profitable 2Q

Sapura Energy Bhd, which reported its second consecutive profitable quarter on Wednesday, said it has secured a US$300 million (RM1.4 billion) contract from Azule Energy Angola BV for a gas complex in Angola — the Angola Northern Gas Complex (NGC) project.
tag stockSAPNRG +10.0%,
8:46 PM Lim Kang Hoo proposes to streamline, merge and reorganise his group of companies

KUALA LUMPUR: Tan Sri Lim Kang Hoo, in his personal capacity as a major shareholder of Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd (IWH) and Iskandar Waterfront City Bhd (IWCity), has served a letter of proposals to convey his intention to undertake a reorganisation, rationalisation and merger proposal involving these companies, for the consideration of their respective boards of directors.
8:28 PM Capital A, Garuda Indonesia ink strategic partnership MoU

KUALA LUMPUR: Capital A (formerly AirAsia Group) has signed a memorandum of understanding (MoU) with Garuda Indonesia Group, Indonesia’s national flag carrier, to cooperate strategically across several business lines.
tag stockCAPITALA -1.5%,
8:28 PM SIA Engineering incorporates Malaysian unit, another subsidiary receives additional Honeywell licences

SIA Engineering Company (SIAEC) has incorporated a wholly-owned subsidiary, Base Maintenance Malaysia (BMM), in Malaysia.
8:24 PM Malaysia well positioned to lead economic opportunities in Asean, says deputy minister

KUALA LUMPUR (Sept 27): Malaysia is well positioned to lead economic and industrial opportunities within the Asean region via the initiatives outlined under the Madani Economy Framework, New Industrial Master Plan (NIMP 2030) and National Energy Transition Roadmap (NETR), that serve as catalysts to attract high-value investments, said Deputy Investment, Trade and Industry Minister Liew Chin Tong.
8:23 PM 沙布拉能源次季转盈净赚4281万　获14亿海上运输安装服务合约

（吉隆坡27日讯）沙布拉能源（SAPNRG，5218，主板能源股）2024财政年次季（截至7月31日止）按年转亏为盈，净...
tag stockSAPNRG +10.0%,
8:22 PM 全球最富有国家  新加坡第4大马位列39

（吉隆坡/新加坡27日讯 ）由于负债增长速度放慢，债务与国内生产总值的比率下降到本世纪以来最低，新加坡2022年人均金融...
8:21 PM Sapura Energy records RM42.81mil 2Q net profit

KUALA LUMPUR: Sapura Energy Bhd has recorded a second quarter (2Q) ended July 31, 2023, after recording a net profit of RM42.81 million, against a net loss of RM2.59 million in the same quarter last year.
tag stockSAPNRG +10.0%,
8:20 PM Palantir secures $250 million army contract; PIXY soars 132.18% in pre-market trading; Stock futures rise as Treasury yields decline
8:16 PM Hiap Teck’s 4Q net profit jumps 74% to RM42.6mil

KUALA LUMPUR: Hiap Teck Venture Bhd remains cautious due to potential challenges and increased volatility in steel prices, financial markets, and geopolitical tensions, both domestically and externally.
tag stockHIAPTEK +1.2%,
8:15 PM Ampang/Sri Petaling LRT line expected to resume operation on Feb 29 next year

KUALA LUMPUR (Sept 27): The Ampang/Sri Petaling Light Rail Transit (LRT) line is expected to resume operation on Feb 29 next year, after the comprehensive repair work on the flyover and track structure near the Bandaraya LRT station is completed.
8:05 PM Capital A teams up with Indonesian rival Garuda on airline, cargo, MRO businesses

Capital A Bhd has inked three memoranda of understanding (MOU) to partner long-time rival PT Garuda Indonesia (Persero) Tbk in both parties’ commercial airline, cargo as well as maintenance, repair and overhaul (MRO) businesses.
tag stockCAPITALA -1.5%,
8:04 PM 林刚河精简化旗下企业 资产全纳入怡克伟士旗下
tag stockEKOVEST -2.6%, IWCITY -1.3%, KNUSFOR +1.4%, PLS 0%,
7:58 PM M40若失燃油补贴 中产消费股料受创
7:49 PM 大马检讨气候报告指南 增强金融机构永续标准
7:47 PM Sunway unit, Penang Dev Corp to develop prime Batu Kawan land in RM646m deal

Sunway Bhd’s 70%-owned Umech Land Sdn Bhd has signed a joint development agreement with Penang Development Corp (PDC) to develop a 559-acre prime industrial land in Batu Kawan, Penang, in exchange for a land entitlement of RM646.02 million.
tag stockSUNWAY -1.0%,
7:46 PM MAA proposes Budget 2024 incentives to include all electrified vehicles

KUALA LUMPUR: As the government is ramping up green initiatives in the automotive industry, the Malaysian Automotive Association (MAA) is proposing incentives under the Budget 2024 to be given to all types of electrified vehicle (xEV) rather than just electric vehicle (EV), in order to popularise xEV in Malaysia.
7:44 PM 分销印尼United Motors Artroniq引入电动摩托
tag stockARTRONIQ -1.8%,
7:32 PM US mortgage rate climbs to 22-year high of 7.41%, curbing demand

US mortgage rates jumped last week to the highest level since 2000, taking a toll on already depressed home-purchase applications.
7:27 PM Pensonic MD ceases to be substantial shareholder after 3.18% stake sale

Pensonic Holdings Bhd’s managing director Vincent Chew Chuon Ghee is no longer a substantial shareholder of the electrical home appliances maker, having disposed of a 3.18% stake in the company for RM3 million on Sept 25.
tag stockPENSONI -3.1%,
7:26 PM Anwar: Madani philosophy not sustainable if technological transformation comes without compassion

KUALA LUMPUR: The Madani philosophy could not be sustained if Malaysia looks purely in terms of technological change or transformation without the care and compassion that would ensure that every single citizen in the country is given access to connectivity, said Prime Minister Datuk Seri Anwar Ibrahim.
7:24 PM Jiankun proposes private placement to raise RM19m, one-for-two bonus issue of free warrants

KUALA LUMPUR (Sept 27): Jiankun International Bhd, a property development and construction firm, plans to raise RM19 million through a placement of 95 million shares to third-party investors at an issue price of 20 sen per share. Proceeds from the proposed placement will be used to facilitate completion of a proposed land acquisition.
tag stockJIANKUN -2.6%,
7:23 PM UBS, Credit Suisse face growing probe over alleged Russian sanctions evasion

The US Department of Justice has stepped up its probe into Credit Suisse Group and UBS Group AG over suspected compliance failures that allowed Russian clients to evade sanctions, according to people familiar with the situation.
7:23 PM Capital A与2印尼航空公司合作扩大航班网络

（吉隆坡27日讯）Capital A公司（CAPITALA，5099，主板消费股）今日宣布，透过其子公司亚航集团与印尼鹰...
tag stockCAPITALA -1.5%,
7:22 PM 消费情绪疲软　海鸥首季净利暴跌65%

（吉隆坡27日讯）海鸥控股（BESHOM，7668，主板消费股）2024财政年首季（截至7月31日止）净利按年大跌65....
tag stockBESHOM 0%,
7:21 PM 末季净利跌1.37%　金务大全年盈利创历史新高

（吉隆坡27日讯）金务大（GAMUDA，5398，主板建筑股）2023财政年末季（截至7月31日止）净赚2亿5174万令...
tag stockGAMUDA -1.6%,
7:18 PM Ringgit ends lower, hitting 4.70 against greenback as US bond yields soar

The ringgit continued its downtrend to push past 4.70 against the greenback on Wednesday amid concerns over the higher-for-longer US interest rate outlook, said an analyst.
7:17 PM Introduce home financing, rent schemes to counter rising living cost in Budget 2024 — financial advisers

In a move to tackle the rising cost of living, financial advisory firm FA Advisory Sdn Bhd has proposed that the government introduce a mortgage flexibility scheme for first-affordable home buyers.
7:16 PM Ringgit ends lower, hitting 4.70 against greenback on high US bond yields

KUALA LUMPUR: The ringgit continued its downtrend to push past 4.70 against the greenback today amid concerns over the higher-for-longer US interest rate outlook, said an analyst.
7:14 PM 沙布拉能源次季赚4280万
tag stockSAPNRG +10.0%,
7:13 PM Malaysia's switch to dual 5G network can allow participation of Huawei — Anwar

Malaysian Prime Minister Datuk Seri Anwar Ibrahim said on Wednesday a switch to having a dual 5G network would allow for more effective participation by China's Huawei, providing his country with a balance of both Western and Eastern technology.
7:09 PM 海鸥首季净赚246万
tag stockBESHOM 0%,
7:07 PM Lim Kang Hoo proposes to streamline construction, toll, plantation, property biz under Ekovest

Tan Sri Lim Kang Hoo, in his personal capacity as a major shareholder of Ekovest Bhd, Knusford Bhd, Iskandar Waterfront Holdings Sdn Bhd and Iskandar Waterfront City Bhd, has served a letter of proposals outlining his intention to reorganise, rationalise and merge these companies along with PLS Plantations Bhd, in which Ekovest holds a 62% stake.
tag stockIWCITY -1.3%, KNUSFOR +1.4%, EKOVEST -2.6%, PLS 0%,
7:07 PM 世纪软件获87万合约
tag stockCENSOF +4.3%,
7:04 PM Gamuda's FY2023 net profit crosses RM1b on disposal of highways; overseas construction revenue surges fourfold to RM3.5b

Gamuda Bhd’s annual net profit crossed the RM1 billion mark for the financial year ended July 31, 2023 (FY2023) after it posted a 128.03% increase to RM1.84 billion from RM806.23 million in the previous year (FY2022), largely fuelled by gains on the divestment of its highways.
tag stockGAMUDA -1.6%,
7:04 PM Kim Loong’s 2Q net profit down 12.7%, dragged by lower CPO, fresh fruit bunch prices

KUALA LUMPUR (Sept 27): Lower selling prices of crude palm oil (CPO) and fresh fruit bunches (FFB) resulted in Kim Loong Resources Bhd’s net profit for the second quarter ended July 31, 2023 (2QFY2024) falling 12.72% to RM43.35 million, from RM49.67 million a year ago.
tag stockKMLOONG 0%,
7:02 PM ITMAX Contracts Update
tag stockITMAX +2.8%,
LV Trading Diary
7:00 PM 金务大第三季净利 微跌至2.51亿
tag stockGAMUDA -1.6%,
7:00 PM 金务大末季净利 微跌至2.51亿
tag stockGAMUDA -1.6%,
7:00 PM Kerjaya Prospek wins RM203.06mil contract from Samsung-KP JV

KUALA LUMPUR: Kerjaya Prospek Group Bhd’s wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd (KPM) has secured a contract worth RM203.06mil from Samsung-KP JV, a consortium comprising KPM and Samsung C&T (KL) Sdn Bhd.
tag stockKERJAYA +1.6%,
6:58 PM 亚航与印尼两廉航合作 加强三四线城市联通
tag stockCAPITALA -1.5%,
6:58 PM Selangor to subsidise purchase of imported rice to year end — exco

The Selangor government will subsidise the purchase of imported rice through Padiberas Nasional Bhd (Bernas) until the end of this year to ensure a stable supply of the staple food in the state.
6:48 PM Micron set to test resolve of Fed-rattled traders

Micron Technology Inc is set to provide one of the first tests for investors hoping that tech earnings will rescue a stock market in freefall.
6:41 PM 网瘾少年和电竞冠军 中国如何抉择?
6:38 PM Hiap Teck’s FY2023 net profit falls 80% to RM31 mil, declares 0.5 sen dividend

KUALA LUMPUR (Sept 27): Hiap Teck Ventures Bhd’s net profit for the full year ended July 31, 2023 (FY2023) declined 80% to RM30.91 million from RM156.01 million reported in the previous year (FY2022), due to lower profit from its operations.
tag stockHIAPTEK +1.2%,
6:38 PM KERJAYA集团获2.03亿钢筋混凝土工程

（吉隆坡27日讯）KERJAYA集团（KERJAYA，7161，主板建筑股）宣布，获得三星-KP财团颁发合约，为在马六甲...
tag stockKERJAYA +1.6%,
6:37 PM KERJAYA获2亿合约 为德州仪器建厂
tag stockKERJAYA +1.6%,
6:30 PM Gamuda's net profit surges to RM1.84bil in FY23

KUALA LUMPUR: Gamuda Bhd anticipates a significant uptick in activities next year, driven by overseas construction businesses including the full year contribution from the newly acquired Australian transport business of Downer Transports Projects and property sales including higher contribution from newly launched quick-turnaround-projects (QTPs).
tag stockGAMUDA -1.6%,
6:27 PM PKNP transfers Perak land sale rights to Perak Corp’s unit

KUALA LUMPUR (Sept 27): Perak State Development Corp (PKNP) has decided to transfer its rights in a 100-acre piece of leasehold agriculture land in Temelong, Perak to Practice Note 17 (PN17) company Perak Corp Bhd’s indirect 89.54%-owned subsidiary Casuarina Meru Sdn Bhd (CMSB).
tag stockPRKCORP -1.7%,
6:22 PM 次季净赚4335万 锦隆资源派息5仙
tag stockKMLOONG 0%,
6:20 PM 双威与槟发展机构联合发展工业园区

（吉隆坡27日讯）双威（SUNWAY，5211，主板工业股）宣布，与槟城发展机构（PDC）签署协议，联合发展槟城威南县一...
tag stockSUNWAY -1.0%,
6:16 PM TikTok’s e-commerce ambitions dealt blow as Indonesia adds curbs

TikTok suffered a major setback to its online shopping ambitions after Indonesia introduced regulations that will curb its operations in its biggest e-commerce market.
6:16 PM Sunway JV into Umech Land to develop 559 acres of prime industrial land in Batu Kawan

KUALA LUMPUR: Sunway Bhd has signed a joint development agreement with Penang Development Corporation (PDC) to collaboratively develop a 559-acre parcel of prime industrial land at Batu Kawan, Penang in exchange for a land entitlement of RM646mil to PDC.
tag stockSUNWAY -1.0%,
6:16 PM Artroniq to launch EV bike in collaboration with United Motors in 4Q

KUALA LUMPUR: Artroniq Bhd is expected to launch a new range of electric motor products in collaboration with its wholly owned subsidiary, Artronic Itech Sdn Bhd in the fourth quarter of 2023.
tag stockARTRONIQ -1.8%,
6:15 PM 协德末季净利飙74%　全年重挫八成

（吉隆坡27日讯）协德（HIAPTEK，5072，主板工业股）2023财政年末季（截至7月31日止）净利按年飙涨74.0...
tag stockHIAPTEK +1.2%,
6:15 PM 美股跌势延烧　马股退守1440

（吉隆坡27日讯）市场担忧美国经济前景，拖累美股3大指数隔夜齐挫逾1%。亚洲股市升多跌少，马股在公共假期前夕承受卖压，富...
6:14 PM 鲁斯特获Premium Multi授权分销喷雾剂

（吉隆坡27日讯）鲁斯特工业（LUSTER，5068，主板工业股）宣布，与Premium Multi工业公司（PMI）签...
6:13 PM 【财经最热NOW】9月27日｜针对性补贴 部分M40或失燃油补贴
6:13 PM 多元电子工业末季净利跌20%　派息每股3仙

（吉隆坡27日讯）多元电子工业（MCEHLDG，7004，主机板工业股）2023财政年末季（截至7月31日止）净利按年减...
tag stockMCEHLDG -0.5%,
6:06 PM 投资6.5亿 双威峇都加湾发展工业园
tag stockSUNWAY -1.0%,
5:51 PM Market rallies after recent sell-off, credit default swaps edge up

LONDON/SINGAPORE (Sept 27): U.S. Treasuries rallied on Wednesday, as traders took a breather from a months-long selloff that had gathered pace in recent days, though the threat of another government shutdown sent one-year credit default swaps to their widest since June 1. Two-year Treas...
5:50 PM 【行家论股】威铖 新品料提振订单
tag stockVS -2.5%,
5:50 PM 【行家论股】MYNEWS控股 短期前景谨慎
tag stockMYNEWS 0%,
5:50 PM 【行家论股】永旺信贷 首半年净利达标
tag stockAEONCR +3.1%,
5:41 PM Italian-German risk premium hits highest since May ahead of Italy's budget

Italian risk premium rose on Wednesday as investors adjusted their positioning to lower growth and higher deficit figures ahead of the government's announcement of its budget plan.
5:40 PM Former health-DG Noor Hisham appointed as UCSI Healthcare Group chairman

KUALA LUMPUR (Sept 27): Former health director-general Tan Sri Dr Noor Hisham Abdullah has been appointed as chairman of UCSI Healthcare Group, effective Oct 1.
5:39 PM 印度政府计划首次发行50年期国债

（新德里27日讯）印度将首次发行50年期国债，推出超长期债券以满足保险和养老基金不断成长的需求。据印度央行周二发布的借款...
5:33 PM Mihas sourcing programme boosts ties between Central Asia and local halal market

KUALA LUMPUR (Sept 27): A total of 15 companies from Central Asia sourced RM3.82 million worth of products and services when they participated in the physical international sourcing programme (INSP) held alongside the recent Malaysia International Halal Showcase (Mihas), the world’s largest halal trade exhibition.
5:33 PM Mitsubishi Motors will stop making cars in China, Nikkei reports

Mitsubishi Motors Corp will end production in China, Nikkei reported on Wednesday, after suspending its business there indefinitely in July following years of poor sales.
5:26 PM Bursa ends lower amid mixed regional market

Bursa Malaysia finished lower on Wednesday amid a mixed regional market and after a volatile Wall Street overnight, a dealer said.
5:24 PM FBM KLCI pares loss, stays in negative zone

KUALA LUMPUR: The FBM KLCI pared some of its losses, but stayed in the negative zone, weighed by banking and Petronas-linked counters.
5:23 PM Renewable energy: Huawei supplied 2.6 GW of solar inverters to Malaysia to date

KUALA LUMPUR (Sept 27): Huawei has delivered a total of 2.6 gigawatts (GW) of solar inverters to Malaysia to date, which will generate about 3.9 billion kilowatt-hours of electricity annually, equivalent to reducing carbon emissions by 1.81 million tonnes of carbon dioxide per year, said Huawei Digital Power vice president Chong Chern Peng.
5:23 PM Chinese tycoon Chen Hongtian's seized Hong Kong condo sold for US$53.4 mil

Chinese tycoon Chen Hongtian’s seized luxury apartment has been sold for HK$418 million (US$53.4 million or RM250.02 million) as the businessman struggles to repay his creditors amid China’s property crisis.
5:15 PM 泰央行意外升息0.25厘　下调今年经济预测

（曼谷27日讯）泰国央行出乎意料加息0.25厘，指标利率升至2.5厘，连续8次会议加息，自去年8月以来累计加息2厘；市场...
5:11 PM Indonesia bans e-commerce transactions on social media

Indonesia has banned e-commerce transactions on social media platforms, the trade minister said on Wednesday, citing a new regulation.
5:10 PM 与大市背道而驰 综指闭市跌5.44点
5:06 PM 1500最低薪开跑后 大马人月薪中位数增7.7%
5:00 PM Court: CoA rebukes prosecution for tardiness in audit tampering case; critics say heads should roll in AGC

NOT only were the prosecution’s two notices of appeal struck out last week in the 1Malaysia Development Bhd (1MDB) audit report tampering trial of Datuk Seri Najib Razak and former 1MDB president Arul Kanda Kandasamy, but the prosecution also came in for a strong rebuke by the court for its negle...
4:54 PM Company director fails to set aside RM15m graft charges in relation to Home Ministry

The Sessions Court on Wednesday dismissed an application by businessman Datuk Seri Sim Choo Thiam to set aside four graft charges against him involving the soliciting and receiving of gratification worth RM15 million.
4:54 PM 印尼拟推限制新规 TikTok电商雄心重创
4:52 PM AI革命或导致 中国经济追不上美国
4:52 PM AI革命扩大差距 中国经济难追美国
4:50 PM MSMEs to be given focus in Budget 2024 — Steven Sim

The Ministry of Finance will focus more on micro, small and medium enterprises (MSMEs) in Budget 2024 to empower the sector, so that it can compete in the new economy to drive the country’s economic growth.
4:49 PM 经济学家微调预测 中国“保5”有变数
4:49 PM 经济学家微调预测 中国GDP“保5”有变数
4:46 PM 马斯克和拜登唱对台戏 UAW胜利只会令汽车三巨头加速破产
4:36 PM Bask Bear Coffee opens 100th outlet

KUALA LUMPUR: Loob Holding Sdn Bhd, owner of the Bask Bear Coffee brand, has launched the 100th Bask Bear Coffee physical outlet at the Kuala Lumpur City Centre (KLCC) today.
4:35 PM Asian central banks unlikely to adjust monetary policy before US Fed's next move

Despite recent downward trends in inflation rates of Asian countries, central banks are expected to maintain their current monetary policies, according to Eastspring Investments head of Credit Research at Clement Chong.
4:26 PM 长期基建项目推动发展 国行行长唱好马投资前景
4:25 PM 指垄断在线市场 美国起诉亚马逊
4:18 PM 德国10月消费信心下滑　年底前复苏落空

（柏林27日讯）GfK研究机构在周三公布调查数据，指出德国10月消费者信心出现下滑，主要原因是持续性的高通胀，带动人们更...
4:18 PM 亚洲金融风暴快了　韩国企业债务破纪录

（首尔27日讯）韩国经济表现持续低迷，韩媒撰文示警，韩国企业债务占GDP比重已飙升至124.1%、创下历史新高，远超过1...
4:18 PM LC LOGISTICS climbed by 32.39%; EVERG Vehicle tumbled by 20% and Evergrande fell nearly 19%
4:16 PM Pressure on China Evergrande intensifies; chairman under police watch, risk of liquidation

HONG KONG: The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer's future as it grapples with mounting prospects of liquidation.
4:12 PM DOSM: Malaysia’s economy expected to continue to moderate in the near term

KUALA LUMPUR (Sept 27): Malaysia’s economy is expected to continue to moderate in the near term, based on data in July and August, according to the Department of Statistics Malaysia (DOSM).
4:00 PM Qantas chairman says shareholders want him despite turmoil

The chairman of Australia's Qantas Airways on Wednesday vowed to stay in his role despite a host of scandals engulfing the airline, saying its biggest shareholders wanted leadership continuity even as its shares track a one-year low.
4:00 PM Aurelius Technologies jumps on the EV bandwagon

WITH electric mobility gaining momentum, Kedah-based electronics manufacturing services (EMS) provider Aurelius Technologies Bhd (ATech) is jumping on the bandwagon and directing its expertise towards the electric vehicle (EV) business. ATech executive director and group CEO Loh Hock Ch...
tag stockATECH +2.7%,
3:45 PM China expects 2023 economic growth of slightly more than 5% — PBOC adviser

China is expected to achieve economic growth of slightly more than 5% this year, an adviser to the central bank said on Wednesday.
3:43 PM Malaysian firms to participate in Abu Dhabi's biggest O&G exhibition

KUALA LUMPUR (Sept 27):  A total of 20 Malaysian oil and gas (O&G) companies will be participating in this year’s Abu Dhabi International Petroleum Exhibition and Conference (Adipec), the largest O&G exhibition in the Middle East.
3:42 PM Ocean Vantage, Sealink, Catcha, Swift Haulage, Spring Art, Puncak Niaga, United U-Li, SWS Capital, Formosa Prosonic

theedgemalaysia.com highlighted two stocks with positive momentum and seven stocks with negative momentum during Bursa Malaysia’s afternoon session on Wednesday.
tag stockOVH +12.8%, SEALINK +8.8%, CATCHA -0.9%, SWIFT +6.5%, SPRING -2.9%, PUNCAK +3.8%, ULICORP -1.3%, SWSCAP +5.9%, FPI -1.8%,
3:40 PM IONS stock exhibits resistance breakout; OII's flag-formation breakout signals 9.6% potential upside
3:37 PM 泰国升息25基点 先发制人遏制通胀
3:27 PM US retailers' financial losses jump as retail crime escalates - NRF

(Sept 26): Organized crime rings in New York, San Francisco, Los Angeles and Houston are targeting retail inventories, causing more financial loss, according to a report by the National Retail Federation (NRF), a trade group representing U.S. retailers.
3:22 PM India's Vedanta hits over one-year low after Moody's downgrades parent

BENGALURU (Sept 27): Shares of Indian conglomerate Vedanta fell to their lowest in over a year on Wednesday, after Moody's Investors Service downgraded parent Vedanta Resources' senior unsecured bonds, citing a high risk of debt restructuring in the coming months.
3:21 PM Asia stocks mixed, investors grapple with impact of higher rates

HONG KONG: Asia stocks traded mixed on Wednesday and benchmark U.S. Treasury yields were near multi-year highs, as investors sour on both stocks and bonds amid worries about the impact of higher-for-longer interest rates.
3:18 PM US consumer confidence dives to four-month low; home sales tumble

US consumer confidence dropped to a four-month low in September, weighed down by persistent worries about higher prices and rising fears of a recession, though households remained generally upbeat about the labour market.
3:18 PM China's central bank to use 'precise, forceful' policy to bolster recovery

BEIJING (Sept 27): China's central bank said on Wednesday that it would step up policy adjustments and implement monetary policy in a "precise and forceful" manner, to support an economy whose recovery was improving with "increasing momentum".
3:18 PM 美国政府逼近关门 拜登吁两党“有所作为”
3:16 PM Thai c.bank raises key rate by 25 bps to 2.50%

BANGKOK: Thailand's central bank unexpectedly raised its key interest rate for an eighth straight meeting on Wednesday, despite slowing economic growth, below-target inflation and rising global uncertainties.
3:13 PM Reforms could boost World Bank lending to developing countries by nearly US$190 bil — study

WASHINGTON (Sept 26): Reforming the World Bank's approach to risk could unlock nearly US$190 billion in additional urgently needed lending for developing countries without jeopardising its AAA credit rating, a study commissioned by the Rockefeller Foundation found.
3:12 PM 全球经济低迷　这个穷国靠黑金迎爆炸性成长

（纽约27日讯）历经疫情期间的大撒币后，全球央行升息，导致消费者需求快速反转，陷入不景气危机，美国、中国等主要经济体今年...
3:08 PM Thai central bank raises key rate, cuts growth outlook

Thailand's central bank unexpectedly raised its key interest rate for an eighth straight meeting on Wednesday, despite slowing economic growth, below-target inflation and rising global uncertainties.
3:00 PM Indonesia to build US$25b project rocked by violent clashes

Indonesia expects to start building out a US$25 billion (RM117.64 billion) industrial complex next year as the government agrees to negotiate with protesters following violent clashes.
3:00 PM PGF Capital sets its sights on agrotourism-themed development

IN the heart of Tanjung Malim, Perak, a sprawling 1,311.15-acre tract of land has lain dormant for almost three decades, awaiting the right opportunity to awaken. That opportunity appears to have finally arrived in the form of mega investments in an adjacent automotive hub, which would ...
tag stockPGF +1.6%,
2:58 PM H&M blames warm weather for September sales slide

STOCKHOLM: H&M said unusually hot weather in many of its European markets had delayed the start of the autumn shopping season, sending sales lower in September, while cost cuts helped the fashion retailer's quarterly profit rise.
2:54 PM China property stocks head for lowest since 2011 as rout extends

Chinese property stocks headed for their lowest levels since October 2011 as worries about liquidity and weak housing demand intensified ahead of a weeklong trading break on the mainland.
2:53 PM Budget 2024: Experts call for financing planning tax relief

KUALA LUMPUR (Sept 27): The government should introduce tax relief for financing planning fees in Budget 2024, which could help boost knowledge and awareness of financial sustainability among Malaysians.
2:50 PM 乡区雇员平均月薪涨幅超城市

（吉隆坡27日讯）根据统计局的最新数据，城市和乡村地区的平均月薪皆在2022年期间呈上升趋势，其中城市地区雇员的平均月薪...
2:48 PM Median monthly salaries and wages up 7.7% in 2022 after RM1,500 minimum wage implementation — DOSM

The median monthly salaries and wages rose 7.7% in 2022 to RM2,424, from RM2,250 in 2021 after Malaysia implemented the minimum wage of RM1,500 in May last year, according to the Department of Statistics Malaysia (DOSM).
2:48 PM DBS digital payments back to normal after Tuesday disruption

DBS Group Holdings Ltd’s digital banking services returned to normal after delays to processing transactions on its PayNow service on Tuesday.
2:43 PM 统计局：大马人去年平均月薪　增长5.8%至3212令吉

（吉隆坡27日讯）统计局数据显示，国人去年的月入中位数保持正面趋势，增长7.7%，即从2021年的2250令吉上涨至24...
2:42 PM 比Mate 60 Pro更猛的招? 华为终极武器上膛
2:41 PM 永旺信贷业绩符预期　股价一度飙涨4%

（吉隆坡27日讯）永旺信贷（AEONCR，5139，主板金融股）最新出炉业绩表现亮眼，激励股价上涨约4%，分析员认为其业...
tag stockAEONCR +3.1%,
2:28 PM China decries US sanctions on Chinese firms, individuals

CHINA firmly opposes the US Department of Treasury's sanctions on certain Chinese firms and individuals imposed on unfounded grounds of having links to Iran's drone and military aircraft development, the Ministry of Commerce said in Beijing on Tuesday.
2:26 PM MyNews sees boardroom shake-up after Johari Abdul Ghani emerges as new shareholder

The emergence of businessman and Umno politician Datuk Seri Johari Abdul Ghani — through JAG Capital Holdings Sdn Bhd — as a major shareholder of MyNews Holdings Bhd a few months ago has been followed by significant boardroom changes at the group, which operates chains of convenience stores.
tag stockMYNEWS 0%,
2:23 PM 【JPEX案】香港警方已冻结逾4618万资产
2:22 PM H&M's September sales fall, Q3 profit up slightly more than expected

STOCKHOLM (Sept 27): H&M said on Wednesday that sales slumped in September, as the world's second-biggest fashion retailer reported a slightly bigger-than-expected rise in quarterly profit, boosted by cost cuts.
2:16 PM NETR, NIMP to hasten transition and boost investment opportunities: BNM

KUALA LUMPUR: The National Energy Transition Roadmap (NETR) and New Industrial Master Plan (NIMP) are expected to accelerate the country’s transition and open up large investment opportunities, says Bank Negara Malaysia (BNM).
2:14 PM PwC Australia gave clients other than Google confidential tax info

PwC Australia gave multiple clients confidential information leaked from Australian government tax briefings, the company said on Wednesday, the first admission that clients other than Google received leaked government tax plans.
2:04 PM DOSM: August 2023 export, import unit value indices up 0.5%, 1.0%

KUALA LUMPUR (Sept 27): Malaysia’s August 2023 export unit value index rose a marginal 0.5% to 142.3 points, the Department of Statistics Malaysia (DOSM) said.
2:00 PM Potential economic concerns not as worrying for retailers as issues at hand

RETAILERS are expecting their cash registers to ring up RM2.4 billion less in sales this year — lower than previously projected — after sales in the April to June period came in below estimates. Coupled with a conservative projection for the July to September period, the growth forecast...
1:56 PM Malaysia proposes for AAIB to implement inclusive financing mechanism

KUALA LUMPUR (Sept 27): Malaysia has proposed for the Asian Infrastructure Investment Bank (AIIB) to implement an inclusive financing mechanism to meet the specific needs of developing countries.
1:53 PM BNM: National Energy Transition Roadmap, New Industrial Master Plan to boost Malaysia’s investment opportunities

The National Energy Transition Roadmap (NETR) and New Industrial Master Plan (NIMP) are expected to accelerate the country’s transition and open up large investment opportunities, says Bank Negara Malaysia (BNM).
1:50 PM World’s top stock owner calls out Big Oil as carbon levels go up

A senior executive at Norway’s sovereign wealth fund, which owns a larger share of global stocks than any other investor, says Big Oil’s transition strategy isn’t holding up as carbon emissions continue to rise.
1:48 PM Australia Aug inflation data adds to case for pause in rate hikes next month

Gains in Australia's inflation for August were in line with expectations and a measure of core inflation eased further, lessening pressure on the central bank to hike interest rates next month.
1:47 PM UBS seeks to wipe out €1.8b tax fine at top French court

UBS Group AG will on Wednesday seek to convince France’s top court to overturn a reputation-damaging conviction and €1.8 billion (RM8.9 billion) penalty for helping wealthy French clients stash away undeclared funds in Swiss accounts.
1:46 PM 便利店销售好转　MYNEWS复苏路仍漫长

（吉隆坡27日讯）尽管MYNEWS（MYNEWS，5275，主板消费股）昨日公布的2023财政年首9个月业绩（截至7月3...
tag stockMYNEWS 0%,
1:45 PM GIC-backed Line Man said to gear up for US$300m IPO

Line Man Wongnai, an on-demand delivery app in Thailand, has started preparations for an initial public offering in Bangkok that could raise around US$300 million (RM1.4 billion), according to people with knowledge of the matter.
1:44 PM China lists mobile app stores that comply with new rule, but Apple missing

China's cyberspace regulator released on Wednesday names of the first batch of mobile app stores that have completed filing business details to regulators, signalling it has begun to enforce new rules that expand its oversight of mobile apps.
1:41 PM Crypto blowup in Hong Kong tests its embrace of retail trading

The footage was beamed out to television viewers across Hong Kong early last week: a young man dressed in a black polo shirt, navy blazer and gray trousers being led out by police from an office tower in the Central business district in handcuffs in front of waiting photographers.
1:30 PM ITMAX企业进展
tag stockITMAX +2.8%,
LV Trading Diary
1:29 PM China’s gold prices surge, hitting a record against the world

China’s suddenly full of gold bugs. The market for bullion in China has surged this month, at times commanding a record premium over international prices of more than US$100 an ounce, compared with an average over the past decade of less than US$6.
1:18 PM August 2023 export, import unit value indices up 0.5%, 1.0%

KUALA LUMPUR: Malaysia’s August 2023 export unit value index rose a marginal 0.5 per cent to 142.3 points, the Department of Statistics Malaysia (DoSM) said.
1:13 PM 日央行委员对退出负利率政策时间存分歧

（东京27日讯）日本央行公布7月会议纪录显示，央行委员一致同意有必要维持目前的超宽松货币政策，以稳定、可持续地实现物价目...
1:12 PM 世纪软件社险UiPath合约延长 3年

（吉隆坡27日讯）世纪软件（CENSF，5195，主板科技股）获得社险机构（PERKESO）续约为期3年的UiPath软...
tag stockCENSOF +4.3%,
1:09 PM China industrial profits jump sharply as economy stabilises

Chinese industrial profits rose in August for the first time in more than a year, a further sign the economy is stabilising.
1:03 PM Censof secures three-year contract from Perkeso

Censof Holdings Bhd has secured a contract worth RM872,340.78 from Social Security Organisation (Perkeso).
tag stockCENSOF +4.3%,
1:02 PM Rate jitters wear down wary markets

(Sep 27): Investor nerves remain frayed over the prospect of interest rates staying higher for longer, with a surge in U.S. Treasury yields pulling the dollar to a 10-month peak and driving Asian currencies, the pound and the euro to their lowest in months. Resilient economic data, hawk...
12:55 PM 令吉贬破4.7水平
12:49 PM FBM KLCI remains in the red at noon

KUALA LUMPUR: The FBM KLCI remained in negative territory at the midday break on Wednesday, in line with the cautious sentiment at most regional markets.
12:48 PM 亚洲股市普遍下滑 马股跌破1440水平
12:46 PM Bursa ends morning session lower

Bursa Malaysia ended Wednesday's morning trading session lower, weighed down by selling activities in the broader market. At lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) slid 5.62 points to 1,439.93 from Tuesday’s close of 1,445.55, after opening 4.69 points easier at 1,440.86.
12:44 PM Joint committee encourages financial institutions on consistent reporting under Climate Change and Principle-based Taxonomy

KUALA LUMPUR (Sept 27): The Joint Committee on Climate Change (JC3) said there needs to be improvements towards more consistent and credible reporting by financial institutions under the Climate Change and Principle-based Taxonomy (CCPT).
12:38 PM S P Setia's Irama Villa III in Bandar Kinrara fully sold out at launch

S P Setia Bhd’s latest residential development Irama Villa III in Bandar Kinrara has achieved a 100% take-up rate over its weekend launch. With a gross development value of RM61 million, Irama Villa III is situated on a 3.97-acre land and comprises 38 freehold double-story terraced houses.
tag stockSPSETIA -1.0%,
12:37 PM 外交部前秘书长任FGV主席
tag stockFGV -0.7%,
12:31 PM 中国8月工业企业盈利增长17.2%

（北京27日讯）国家统计局公布，8月份全国规模以上工业企业盈利按年增长17.2%，是自去年下半年以来首次录得增长。至于首...
12:27 PM Markets in volatility, but high dividend outperforms; Which assets to watch?
12:25 PM 中国恒大许家印传被监视居住

（深圳27日讯）《彭博》引述知情人士指，陷入困境的中国恒大主席许家印本月稍早时被警方带走，目前已在指定地点监视居住。目前...
12:19 PM 马币行情(27/09/2023)
12:08 PM KAISA HEALTH rose by 68.57%, WUXI BIO climbed by 5.24%; HSI climbed by 0.64% to 17,577
12:06 PM 游戏老但赚不少 Candy Crush累计营收941亿
12:02 PM 研究报告：全球科技城市FinTech指数纽约居榜首

（伦敦27日讯 ）第一太平戴维斯全球研究（Savills World Research）星期二（26日）发表科技城市金融...
11:56 AM 大马:加速转型低碳经济 亚投行应采包容融资机制
11:51 AM Malaysia proposes AIIB implement inclusive financing mechanism

KUALA LUMPUR: Malaysia has proposed for the Asian Infrastructure Investment Bank (AIIB) to implement an inclusive financing mechanism to meet the specific needs of developing countries.
11:48 AM ACE market-bound SSF Home seen expanding retail outlets post-listing

PublicInvest Research has derived a fair value of 28 sen for ACE market-bound SSF Home Group Bhd, which is slated to be listed on Oct 10, based on a 12 times price-earnings multiple to its financial year 2025 (FY2025) earnings per share forecast of 2.3 sen.
tag stockSSF 0%,
11:47 AM FTC联合美国17州对亚马逊提反垄断诉讼　但对分拆保持沉默

（华盛顿27日讯）美国联邦贸易委员会（FTC）主席琳娜汗（Lina Khan）没有明确要求亚马逊（AMAZON）分拆，但...
11:46 AM 印尼拟禁在社媒做买卖　保护实体微中小企业

（雅加达27日讯）印尼政府将采取措施限制社交媒体平台的商务功能，只许业者通过社媒平台打广告，而不能进行电子商务交易。此举...
11:36 AM ZX INC Prices IPO at Upper Limit HK$14, Oversubscribed 104 times; Fourth Paradigm Offers Price HK$55.6, 1-Lot Success Rate 50%
11:34 AM 恒大董事局主席 许家印传被监视居住
11:31 AM 天要塌了？　令吉兑美元贬破4.70写近1年新低

（吉隆坡27日讯）令吉兑美元今早急跌0.32%，至4.705令吉，跌破近1年来的新低。根据《路透社》数据，令吉汇率持续疲...
11:27 AM Evergrande’s billionaire chairman Hui is under police surveillance

Hui Ka Yan, the billionaire chairman of beleaguered property developer China Evergrande Group, has been placed under police control, according to people with knowledge of the matter.
11:20 AM Country Garden faces dollar, ringgit bond interest deadlines

Embattled Chinese developer Country Garden Holdings Co faces another round of debt deadlines Wednesday, including one for dollar bond interest. The builder, which has become the face of China’s broader property debt crisis, must pay a US$40 million (RM188.19 million) coupon on a note maturing in January.
11:16 AM China's central bank to use 'precise, forceful' policy to bolster recovery

BEIJING: China's central bank said on Wednesday it would step up policy adjustments and implement monetary policy in a "precise and forceful" manner to support the economic recovery.
11:01 AM Strong performance of CRO-concept stocks, with WuXi AppTec surging over 6%
10:55 AM 碧桂园再引发关注 2境外债迎来付息日
10:43 AM 传OpenAI献售股票 估值料冲上4230亿
10:40 AM 1MDB's US$681m asset-freezing order on Najib upheld

The High Court on Wednesday (Sept 27) has upheld the US$681 million Mareva injunction (asset-freezing order) imposed by 1Malaysia Development Bhd (1MDB) on the former prime minister.
10:21 AM Ringgit fell against US dollar in early trade

KUALA LUMPUR: The ringgit fell against the US dollar this morning as the greenback continued to be buoyed by bullish sentiments.
10:16 AM Aeon Credit's 2Q earnings in line with estimates

KUALA LUMPUR: Shares of the Aeon Credit Service (M) Bhd rose over 3% in early trade Wednesday after posting earnings that are in line with estimates.
tag stockAEONCR +3.1%,
9:56 AM 阿里巴巴拟分拆菜鸟 在港交所主板独立上市
9:38 AM 政府停摆危机拖累美股　马股早盘下跌0.45%

（吉隆坡27日讯）美国政府再陷停摆危机，拖累美国隔夜股市3大指数大幅下跌。马股稍微走低，截至9时15分报1439.01点...
9:33 AM Bursa opens lower, tracking Wall Street's decline

Bursa Malaysia opened easier in line with regional bourses and Wall Street’s weaker overnight performance, a dealer said.
9:26 AM Part of M40 group may be cut off from subsidised fuel, says Kenanga Research

Kenanga Research has downgraded its rating on the consumer sector to "neutral" from "overweight" and said part of the M40 income group may be cut off from subsidised fuel upon the introduction of targeted fuel subsidy; hence, reducing their spending power.
9:20 AM Shutdown looms as US Senate, House take dueling tacks on funding

WASHINGTON (Sept 27): The U.S. Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House sought to push ahead with a conflicting measure backed only by Republicans. The Senate voted 77-19 to begin debate...
9:19 AM Wall Street's poor performance weighs on Bursa Malaysia

KUALA LUMPUR: Bursa Malaysia retreated on Wednesday as it took its cue from the losses on Wall Street overnight.
9:16 AM Trading ideas: Ecoscience, MyNews, Poh Kong, VS Industry, AEON Credit

KUALA LUMPUR: Apex Securities expects Ecoscience International Bhd, MyNews Holdings Bhd, Poh Kong Holdings Bhd, VS Industry Bhd and AEON Credit Service (M) Bhd to be among the stocks to watch on Wednesday.
tag stockEIB -4.8%, MYNEWS 0%, POHKONG -4.0%, VS -2.5%, AEONCR +3.1%,
9:08 AM HLIB: GDP growth to regain momentum in 2024 at 4.8%

Hong Leong Investment Bank (HLIB) Research expects gross domestic product (GDP) growth to regain momentum in 2024 at 4.8%. In an Economics & Strategy report on Wednesday, the research house said that on the back of better growth, it envisions overnight policy rate to further normalise upwards to 3.25% in 2024 (2023: 3%).
9:06 AM Oil prices edge higher as markets focus on supply tightness

(Sept 27): Oil prices ticked up in early trade on Wednesday, as markets focused on supply tightness heading into winter and a "soft landing" for the U.S. economy. Brent crude futures rose 33 cents, or 0.4%, to $94.29 a barrel by 0015 GMT, while U.S. West Texas Intermediate crude futures...
8:57 AM SC adds one potential clone entity to Investor Alert List

KUALA LUMPUR (Sept 27): The Securities Commission Malaysia (SC) has updated its Investor Alert List. In an alert on Tuesday, the commission said the following person/entity was added to the list: Potential clone entity — Fira Indicator The Investor Al...
8:53 AM MIDF: Food inflation pressure to remain elevated in 2HCY2023

MIDF Research expects food inflation pressure to remain elevated in the second half of calendar year 2023 (2HCY2023) as Malaysia being a net food importer will be affected negatively amid climate change impacts and external developments on food-export policies.
8:48 AM Alibaba's logistics company Cainiao Targets $1B IPO for World largest 2023 listing; Evercore boosts Micron target pre-earnings
7:58 AM Why I invest in gold proxies rather than gold i4value
7:01 AM Propery market challenges to continue

Despite the Vietnamese government’s efforts to address them, the challenges for the property market will continue until the end of next year, experts warn.
7:01 AM Poh Kong counts on rebound in consumption

Poh Kong Holdings Bhd expects a strong rebound in consumption to drive further expansion in the Malaysian economy this year.
tag stockPOHKONG -4.0%,
7:01 AM Moody’s warns US government shutdown bad for country’s credit

A US government shutdown would negatively impact the country’s credit, credit rating agency Moody’s says, a stern warning coming one month after Fitch downgraded the US by one notch on the back of a debt ceiling crisis.
7:01 AM Lagarde bets rates held at record high will curb inflation

The European Central Bank’s (ECB) record-high deposit rate could help cut inflation to 2%, ECB president Christine Lagarde says, repeating the bank’s guidance that neither promises nor rules out further rate hikes.
7:01 AM VS Industry set to sustain order momentum

VS Industry Bhd expects its strong sales order momentum, which partly lifted its latest fourth-quarter net profit by a whopping 86%, to sustain into the following financial year.
tag stockVS -2.5%,
7:01 AM Lower subsidies likely under Budget 2024

Budget 2024 is expected to allocate lower subsidies as the government accelerates its efforts to remove the top 20% (T20) income earners from enjoying blanket subsidies.
7:01 AM Foreign funds take long-term stance

Lower valuations and a weak ringgit are expected to support further buying appetite for local securities including bonds.
7:01 AM Weak consumer market continues to affect Astro’s earnings

PETALING JAYA: Although Astro Malaysia Holdings Bhd continues to provide greater value for its content bundles with each new subscription-based video-on-demand service including any future lifestyle app additions, analysts say it will still take some time before things start to turn around for the group.
tag stockASTRO -1.1%,
7:01 AM Ecoscience gets RM38mil construction job

Ecoscience International Bhd has received a letter of award involving construction works worth RM38mil from the Maitreya Moral Society Malaysia.
tag stockEIB -4.8%,
7:01 AM Aeon Credit net profit rises to RM120mil

Aeon Credit (M) Service Sdn Bhd remains cautious on the outlook for the second half of the financial year in view of prevailing economic headwinds, tightening policy rates to curb inflationary pressures and volatility in the global banking industry and financial markets.
tag stockAEONCR +3.1%,
7:01 AM France seeks stronger stance on phasing out fossil fuels

The European Union (EU) should publicly set out dates by which planet-warming fossil fuels use should be phased out, to strengthen its push for a global deal on a phase-out at the upcoming COP28 UN climate summit, France says.
7:01 AM LG Electronics backs EVs to drive growth

One of the world’s leading home-appliance makers is looking to electric vehicles (EVs) to help drive its growth, specifically infotainment systems and components that are used in cars.
7:01 AM Fund managers in shock after Sunak’s green pivot

Some of the world’s biggest green investors are voicing dismay and bewilderment as they struggle to digest the British government’s stated intention to wind back key climate commitments.
7:01 AM Oil price rally set to falter as demand doubts loom

Oil prices may be near US$100 a barrel, but a range of factors could prevent a sustained rally above that level, analysts say.
7:01 AM Amazon to invest in AI startup Anthropic

Amazon.com Inc will invest as much as US$4bil in Anthropic, securing a crucial partner in its effort to become a major player in generative artificial intelligence (AI) and offering a vote of confidence in the hot startup.
7:01 AM Cashew exports predicted to rebound strongly by year-end

Cashew exports are likely to rebound strongly by the end of this year after significant growth in both volume and value in the past eight months, industry insiders say.
7:01 AM Air France-KLM revamp plans include 50 new Airbus A350 jets

Air France-KLM says it plans to order 50 Airbus A350 long-haul jets, together with purchase rights for an additional 40, in its largest-ever wide-body purchase as the Franco-Dutch group revamps its long-haul fleet.
7:01 AM Traders get fast-tracked options on IPOs

Wall Street’s biggest exchanges quietly altered rules this summer, giving fast-tracking investors access to options trading on newly listed companies.
7:01 AM TNB expects RM7bil recovery from ICPT

Tenaga Nasional Bhd (TNB) has estimated a recovery of about RM7bil from the imbalance cost-pass-through (ICPT) mechanism in the first half of financial year 2024 (1H24), based on the current fuel price trends.
tag stockTENAGA +0.8%,
7:01 AM Hanoi to turn off 2G phone technology

Vietnam will turn off 2G technology from September 2024, says the Information and Communications Ministry (MIC).
7:00 AM New venture to diversify Dialog’s income base

Dialog Group Bhd’s venture into specialty chemicals production bodes well for the company’s long-term growth as it helps diversify its income base while generating good returns.
tag stockDIALOG +0.9%,
7:00 AM SNS Network positive on ICT industry

SNS Network Technology Bhd is optimistic about the prospects of the information and communications technology (ICT) industry, owing to a sustained demand for products and a strong, expanding customer base.
tag stockSNS -1.9%,
7:00 AM Samaiden, MBGB in clean energy tie-up

Samaiden Group Bhd is tying up with Meta Bright Group Bhd (MBGB) to expand business opportunities and accelerate the growth of renewable energy solutions, particularly for mining sector in the Asia-Pacific.
tag stockSAMAIDEN 0%, MBRIGHT -2.1%,
7:00 AM Rastam Mohd Isa is new FGV chairman

FGV Holdings Bhd has appointed former Foreign Affairs Ministry secretary general Tan Sri Rastam Mohd Isa as its new chairman with immediate effect.
tag stockFGV -0.7%,
7:00 AM 5G coverage in populated areas at 68.8%

A total of 5,724 sites were developed by Digital Nasional Bhd (DNB), comprising 68.8% coverage of the populated areas as at Aug 31, 2023, says Deputy Communications and Digital Minister Teo Nie Ching.
7:00 AM Cypark issues third tranche of perpetual sukuk

Cypark Renewable Energy Sdn Bhd has issued the third tranche of its Perpetual Sukuk Musharakah of RM165mil in nominal value on an unsecured basis from the issuance size of up to RM265mil under its Perpetual Sukuk Musharakah Programme.
tag stockCYPARK -1.5%,
7:00 AM Indirect tax forms can help fiscal sustainability

Prime Minister Datuk Seri Anwar Ibrahim, who is also the Finance Minister, will table the Budget 2024 in Parliament on Oct 13.
7:00 AM EMCC aims to capitalise on industry’s boom

Pawnbroker Evergreen Max Cash Capital Bhd (EMCC), which debuted on the ACE Market yesterday, is seeking to grow its market share to 10%, based on the total value of pawn loans disbursed in Malaysia and in line with its expansion plans.
tag stockEMCC +11.1%,
7:00 AM As loan rates fall, housing sector perks up

Chinese cities are implementing lower mortgage rates for first-time home buyers.
7:00 AM Timely lift for Vietnam’s tra fish exports to US

Vietnam’s tra fish exports to the United States are expected to pick up in the remaining months of this year after receiving some good news.
7:00 AM Property sector outlook brightens

The property sector’s outlook is improving amid the downwards trend in the property overhang and inventory levels of developers, says MIDF Research.
tag stockMAHSING -1.1%, SPSETIA -1.0%, IOIPG 0%, GLOMAC +2.6%, MATRIX -0.7%, ECOWLD -0.9%,
7:00 AM UEM Sunrise to provide grant for water quality assessment

UEM Sunrise Bhd via its joint-venture subsidiary, Mega Legacy (M) Sdn Bhd (MLMSB), has committed RM50,000 for the purpose of evaluating the water quality of the Kepong Metropolitan Park Lake.
tag stockUEMS -2.9%,
7:00 AM SC, SME Corp join hands to advance smaller businesses

The Securities Commission (SC) has entered into a three-year contract with SME Corp Malaysia to facilitate greater access to capital market financing for micro, small and medium enterprises (MSMEs).
7:00 AM Grab’s share price set to rise if it buys Foodpanda

Grab Holdings’ potential acquisition of rival Foodpanda in South-East Asia could lead to it gaining a larger share of the regional online food delivery market and help it grow revenue at a time when the company is under pressure to turn a profit.
7:00 AM Growth in net interest income a boon for banks

With the resumption of growth in net interest income, CGS-CIMB Research expects the core net profit of banks under its coverage to come in between RM6.5bil and RM6.6bil in the third quarter of 2023
7:00 AM Glaring Socioeconomic, racial discrimination in Malaysian society

A whopping 64% of Malaysians say they have experienced some form of discrimination in the past 12 months, owing to their socioeconomic status, age and ethnicity, according to the findings of a survey conducted by Malaysian youth-led non-profit organisation Architects of Diversity. The survey, which analysed 3,238 responses from participants aged 18 and above between Aug 4 and 23, 2023, found that Gen Z (aged 18 to 24) were more likely to report having experienced ethnicity-related discrimination (43%) than their older peers (22% of those aged 60 and above; 23% of those aged 40 to 59). Both men and women reported having experienced gender-related discrimination at similar rates (21% and 27% respectively).
6:41 AM ArcelorMittal CEO sees global steelmakers buoyed by China output limits

(Sept 27): Global steelmakers will finally start to see some reprieve from the flood of Chinese exports that have been inundating the market and pressuring other suppliers. That’s according to Aditya Mittal, chief executive officer of ArcelorMittal SA, the world’s second-largest steelma...
6:40 AM Wall St pounded as investors grapple with higher rates

Wall Street's main indexes ended down over 1% on Tuesday as 10-year Treasury yields held their multi-year highs, with investors still wrestling with prospects for a long period of high interest rates and the economic fallout.
6:38 AM Khan seeks to end Amazon ‘illegal conduct,’ quiet on breakup

(Sept 27): Federal Trade Commission Chair Lina Khan stopped short of explicitly calling for a breakup of Amazon.com Inc., but said that her agency would ask a judge to halt the company’s “illegal conduct” if its antitrust suit succeeds. In her first public comments after the FTC filed a...
6:35 AM Oil prices rebound, settle higher on tight supply worries

Oil prices settled nearly 1% higher on Tuesday, rebounding from a slump to a two-week low in early trading as expectations of tighter supply outweighed worries that an uncertain economic outlook would crimp demand.
6:34 AM Bank of Thailand’s next policy rate move is too close to call

(Sept 27): Thailand’s central bankers have a tough choice to make when they meet on Wednesday: whether to continue tightening monetary settings to counter loose fiscal policy or take a breather as inflation runs below target. Economists are almost evenly split over the decision, with 11...
6:29 AM Equities fall as U.S. Treasury yields, dollar stay elevated

NEW YORK (Sept 27): A global equity index lost more than 1% on Tuesday in a choppy trading session as fears of higher-for-longer interest rates ate into appetites for riskier assets while the benchmark U.S. Treasury yield remained near 16-year highs. The dollar index hit a 10-month high...
6:24 AM Wall St pounded as investors grapple with higher rates

(Sept 27): Wall Street's main indexes ended down over 1% on Tuesday as 10-year Treasury yields held their multi-year highs, with investors still wrestling with prospects for a long period of high interest rates and the economic fallout. The Dow posted its biggest one-day percentage drop...
12:55 AM Levi Strauss heir Daniel Lurie enters San Francisco mayoral race

Laniel Lurie, an heir to the Levi Strauss family fortune, is running for mayor of San Francisco next year. Lurie, a local philanthropist and founder of an anti-poverty charity, will challenge incumbent London Breed in a pivotal election for a city battling multiple challenges, from downtown business closures, to homelessness and drug use on the streets, and a surge in robberies.
12:32 AM Dubai cuts total debt to 25% of GDP by repaying local loans

Dubai said it lowered its total debt to 25% of gross domestic product (GDP) by repaying loans including those it had secured from Abu Dhabi and the United Arab Emirates (UAE) central bank, taking advantage of an economic recovery.
12:20 AM Chicago billionaire turns to Messi to boost soccer bet

From free tickets to see superstar Lionel Messi to synchronised LED bracelets, billionaire Joe Mansueto is pulling all the stops to boost his struggling, multimillion-dollar bet on Chicago soccer.
12:18 AM 7月领先指标微跌0.9%
12:18 AM 首要打造创业生态系统 科艺部争取预算案拨款
12:18 AM 企合部与中小企机构 11月呈ESG标准指南
12:18 AM 亚通与网安机构签备忘录
tag stockAXIATA +2.0%,
12:18 AM “DIY 简化您的生活”竞赛 砂圣安东尼中学夺冠
12:18 AM 双威有机农业种植 放眼年产15万公斤菜
tag stockSUNWAY -1.0%,
12:18 AM 水产公会办竞赛 邀养殖商争“鱼王”宝座
12:18 AM 下跌股:SAM工程 RM4.34支撑
tag stockSAM -4.4%,
12:18 AM 沙巴第二家园修正版寻通过
12:18 AM 上升股:合顺 阻力RM5.03
tag stockUMW -2.7%,
12:18 AM 热门股:亚航长程 上挑RM2.63
tag stockAAX -2.4%,
12:18 AM 陈泓缣:吉打20%稻田收割 米荒一个月解决
12:18 AM 科艺集团迈向RM1.64/敏源
tag stockKGB -1.9%,
12:07 AM TT Vision, Berjaya Corp, Samaiden, Meta Bright, MyNews, Poh Kong, VS Industry, FGV, AEON Credit, Astro and Ecoscience International 

KUALA LUMPUR (Sept 26): Here is a brief recap of some corporate announcements that made news on Tuesday: TT Vision Holdings Bhd, Berjaya Corp Bhd (BCorp), Samaiden Group Bhd, Meta Bright Group Bhd, MyNews Holdings Bhd, Poh Kong Holdings Bhd, VS Industry Bhd, FGV Holdings Bhd, AEON Credit Ser...
tag stockTTVHB +0.8%, BJCORP 0%, SAMAIDEN 0%, MBRIGHT -2.1%, MYNEWS 0%, POHKONG -4.0%, VS -2.5%, FGV -0.7%, AEONCR +3.1%, ASTRO -1.1%, EIB -4.8%,
12:00 AM One of the Best foldable Smartphone You Can Get in Malaysia -HONOR Magic Vs

As HONOR’s very first foldable flagship to debut outside of China, the HONOR Magic Vs pushes industry benchmarks for design, display, performance, and user experience. It is the perfect companion for jet-setting entrepreneurs as well as those who put mobile entertainment above all else.
Tue, 26 Sep 2023
11:54 PM Creditors reject Sarawak Cable’s scheme of arrangement

Sarawak Cable Bhd has had its proposed scheme of arrangement rejected by creditors.  The power cable and wire maker held a court-convened creditor meeting on Tuesday, where creditors rejected two of the group’s ten debt settlement schemes.
tag stockSCABLE 0%,
11:34 PM Sedania’s major shareholder seeks to set aside RM14m order in Offspring equity dispute

Sedania Innovator Bhd’s major shareholder Sedania Corp Sdn Bhd (SCSB) has filed an application at the High Court here to set aside and stay (postpone) the court's order to compensate RM14.52 million to two individuals claiming to own a 49% stake in Sedania’s consumer healthcare products business.
tag stockSEDANIA -5.0%,
11:26 PM LSH Capital mulls transfer to ACE Market from LEAP

The board of LEAP Market-listed Lim Seong Hai Capital Bhd (LSH Capital) is considering transferring the company's listing to the ACE Market of Bursa Malaysia.
tag stockLSH 0%,
11:20 PM Axiata, Cybersecurity Malaysia set to sign MOU to strengthen cyber security

A memorandum of understanding (MOU) will be signed between Axiata Group Bhd and Cybersecurity Malaysia in the near future to strengthen the country's cyber security.
tag stockAXIATA +2.0%,
11:17 PM S&P 500 hits 3-month low as economy angst climbs

(Sep 26): The S&P 500 slid to a three-month low Tuesday as consumer confidence in the economy waned and investors factored in a protracted period of high interest rates. A selloff in government bonds paused while the dollar climbed. The S&P 500 lost 1.2% as the equities benchmar...
11:16 PM 翻墙为外企编写代码 程式师遭没收近70万震惊IT界
11:07 PM Fed's Kashkari: 60% chance of 'soft landing', 40% chance of not

(Sep 26): A "soft landing" for the U.S. economy is more likely than not, Minneapolis Federal Reserve Bank President Neel Kashkari said on Tuesday, but there is also a 40% chance that the Fed will need to raise interest rates "meaningfully" to beat inflation. Under the more likely scenar...
11:03 PM US Consumer Confidence Drops to a Four-Month Low on Outlook By Reade Pickert

US consumer confidence slumped to a four-month low in September, dampened by a deteriorating outlook for the economy and labour market. The Conference Board’s index declined to 103 this month from an upwardly revised 108.7 in August, data out on Tuesday showed. The figure fell short of the median estimate of 105.5 in a Bloomberg survey of economists.
11:02 PM US new home sales tumble in August

WASHINGTON (Sept 26): Sales of new U.S. single-family homes fell more than expected in August as the rate on the popular 30-year fixed mortgage jumped above 7%, driving potential buyers to the sidelines. New home sales plunged 8.7% to a seasonally adjusted annual rate of 675,000 un...
10:52 PM Top U.S. Stock Gainers and Losers in Early Trading: Tesla, Alibaba, Fisker, and More
10:42 PM Tomei gets approval for pawnbroker licence, online money lending activities

The Ministry of Local Government Development (MLGD) has conditionally approved Tomei Consolidated Bhd’s request for pawnbroker licences, as well as allowed the jeweller to conduct online money lending business activities.
tag stockTOMEI -1.7%,
10:37 PM 大铲子时代/Project Syndicate
10:33 PM Mercedes S-Class, Porsche stand to lose most in China EV row with EU

The European Union’s (EU) probe into Beijing’s electric-vehicle (EV) subsidies is meant to protect its carmakers from a flood of cheap Chinese cars. But if it leads to tit-for-tat tariffs, Mercedes-Benz Group AG and BMW AG’s biggest moneymakers will be most exposed.
10:30 PM 责任手套联盟成立 可实现零强迫劳动
10:10 PM US home prices hit record high, erasing recent decline

Home prices in the US climbed to a record high as the market bounces back.   A national gauge of prices rose for a sixth straight month, increasing 0.6% in July from June, according to seasonally adjusted data from S&P CoreLogic Case-Shiller. So far this year, the national measure has climbed 5.3%.
9:36 PM SOP for wholesale licences to restaurant owners to be detailed — Mohamad Sabu

The standard operating procedures (SOP) for granting wholesale licences to restaurant owners to enable them to buy imported white rice (BPI) at wholesale prices from Padiberas Nasional Bhd (Bernas) will be detailed.
9:32 PM Khazanah Nasional offloads another 1.92% stake in TT Vision for RM10.8 mil

Khazanah Nasional Bhd has continued offloading its stake in Penang-based automated test equipment (ATE) maker TT Vision Holdings Bhd, this time selling a 1.92% stake for RM10.8 million.
tag stockTTVHB +0.8%,
9:28 PM 若采渐进式薪金制 拉菲兹:雇主可获津贴
9:27 PM Submit proof of progressive wage policy implementation to receive cash incentives, Rafizi tells employers

Employers will receive cash incentives after submitting the relevant documents as proof of having fulfilled the requirements of the progressive wage policy, said Economy Minister Rafizi Ramli.
9:18 PM 末沙布:听信将缺货谣言 甘榜村民恐慌性抢米
8:58 PM CVC mulls sale of controlling stake in Indian hospital chain Healthcare Global

CVC Capital Partners is exploring selling its controlling stake in Indian cancer hospital chain HealthCare Global Enterprises Ltd, according to people familiar with the matter.
8:51 PM 阿里巴巴正式公告 分拆菜鸟香港上市
8:51 PM Wall St poised for weak open as rate worries keep Treasury yields elevated

WALL Street's main indexes were on track for a lower open on Tuesday as investors continued to grapple with the prospects of a prolonged restrictive monetary policy by the Federal Reserve and its subsequent impact on the economy.
8:47 PM EVENING 5: Five things you need to know today

Here’s a quick look at some of the stories that made headlines today.
8:45 PM EU must choose between cheaper power or protecting wind industry

Europe will have to decide whether it wants to reduce electricity prices or protect its wind-turbine manufacturers from low-cost Chinese competitors, said the boss of TotalEnergies SE.
8:43 PM Berjaya Corp disposes of 2.24% stake in BLand to rectify public shareholding spread

Berjaya Corp Bhd (BCorp) has disposed of a 2.24% stake in Berjaya Land Bhd (BLand), ahead of its end-September deadline to comply with a public shareholding spread requirement of 20%.
tag stockBJCORP 0%, BJLAND -1.6%,
8:31 PM Tesla under EU anti-subsidy probe, shares drop; U.S. Treasury yields surge, dollar hits 10-month peak; HSBC rates Snap 'Reduce'
8:24 PM Huawei Malaysia commits to building sustainable ultra-broadband industry

KUALA LUMPUR (Sept 26): Huawei Malaysia has committed to narrowing the digital divide between the urban and rural areas and stimulating digital innovation in Malaysia, while building a sustainable ultra-broadband industry ecosystem to ensure no one is left behind from the benefits of digital development.
8:19 PM CEO：连锁超市Big C　明年泰国香港上市

（香港26日讯）泰国连锁超级市场 Big C 最近收购香港泰国生活百货店“阿布泰”的24家分店，并将其改名为 Big C...
8:14 PM Malaysia Debt Ventures-Kapital DX ink MOU to boost tech sector fundraising

KUALA LUMPUR (Sept 26): Malaysia Debt Ventures Bhd (MDV) inked an investment agreement with Kapital DX Sdn Bhd (KLDX) on Tuesday for an undisclosed amount, as part of KLDX’s fundraising efforts.
8:10 PM Singapore's central bank looking into banks' role in US$1.8b money laundering case

Singapore's central bank said on Tuesday it was looking into whether banks involved in a S$2.4 billion (RM8.2 billion) money laundering scandal in the global wealth hub had taken all reasonable steps to mitigate risks.
8:08 PM Ex-UBS and Citigroup banker Izad appointed Principal Islamic CEO

Izad Sallehuddin has been appointed chief executive officer and non-independent executive director of Principal Islamic Asset Management Sdn Bhd, a joint-venture between Nasdaq-listed Principal Financial Group and CIMB Group Holdings Bhd.
8:01 PM 【南视界】OpenAI投资者警告别用ChatGPT炒股 为什么?
7:59 PM EPB Group plans ACE Market listing to fund factory expansion and debt repayment

EPB Group Berhad, a one-stop provider of food processing and packaging machinery solutions, is planning an initial public offering (IPO) on the ACE Market of Bursa Malaysia to fund its factory expansion, repay bank borrowings and bolster working capital.
7:55 PM 证监会携手中小企机构 扩大中小微企融资机会
7:55 PM 4大战略强化营运 海鸥探索增长机会
tag stockBESHOM 0%,
7:53 PM EU's Breton tells Apple CEO to open its ecosystem to rivals

EU industry chief Thierry Breton on Tuesday called on Apple CEO Tim Cook to open up the iPhone maker's fiercely guarded ecosystem of hardware and software to rivals.
7:52 PM 欧盟对华贸易态度转强硬 法国起关键作用
7:50 PM 次季净赚902万 SNS网科派息0.25仙
tag stockSNS -1.9%,
7:50 PM China's Alibaba kicks off restructuring with plan to list logistics arm in Hong Kong

Alibaba Group on Tuesday kicked off its restructuring with a plan to list its logistics arm Cainiao in Hong Kong that would make the unit the first to be separated since the Chinese e-commerce giant announced its break-up six months ago.
7:49 PM MYNEWS控股第三季亏损恶化
tag stockMYNEWS 0%,
7:49 PM MYNEWS第3季亏损扩大48%

（吉隆坡26日讯）MYNEWS（MYNEWS，5275，主板消费股）2023财政年第3季（截至7月31日止）净亏216万...
tag stockMYNEWS 0%,
7:49 PM Poh Kong's net profit tumbles 83% in 4Q

PETALING JAYA: Poh Kong Holdings Bhd expects a strong rebound in consumption to drive a further expansion in the Malaysian economy this year.
tag stockPOHKONG -4.0%,
7:46 PM Samaiden partners Meta Bright Group to expand clean energy business in Asia Pacific

KUALA LUMPUR (Sept 26): Renewable energy specialist Samaiden Group Bhd is partnering with hospitality group Meta Bright Group Bhd (MBGB) to pursue business opportunities and accelerate the growth of renewable energy solutions, particularly for the mining sector, within the Asia Pacific (APAC) region.
tag stockSAMAIDEN 0%, MBRIGHT -2.1%,
7:45 PM MyNews net loss widens to RM2.16 mil in 3Q

MyNews Holdings Bhd continued to bleed in the third quarter ended July 31, 2023 (3QFY2023) after it posted a wider net loss of RM2.16 million compared with RM1.45 million reported in the same period last year, mainly due to higher selling and distribution costs.
tag stockMYNEWS 0%,
7:41 PM Ringgit ends easier against US dollar, stronger against other major currencies

The ringgit closed easier against the US dollar on better demand for the greenback as the US 10-year bond yields made new highs, said an analyst.
7:36 PM Beauty company Coty offering 33 million shares ahead of Paris listing

US beauty and fragrance company Coty Inc launched an offering of 33 million shares as part of a plan to list on Euronext Paris, boosting the French bourse’s appeal as a global hub for luxury stocks.
7:24 PM Poh Kong 4Q net profit down 83% on lower demand, high operating expenses

Poh Kong Holdings Bhd’s net profit plummeted 83.3% to RM4.98 million or 1.21 sen per share in the fourth quarter ended July 31, 2023 (4QFY2023), from RM29.84 million or 7.27 sen per share a year ago, due to a fall in sales volume and increased operating expenses.
tag stockPOHKONG -4.0%,
7:24 PM 正源伙SAMAIDEN 发展亚太矿业再生能源项目

（吉隆坡26日讯）正源集团（MBRIGHT，2097，主板消费股）今日与SAMAIDEN集团（SAMAIDEN，0223...
tag stockMBRIGHT -2.1%, SAMAIDEN 0%,
7:24 PM 多美集团开展借贷与典当业务

（吉隆坡26日讯）多美集团（TOMEI，7230，主板消费股）宣布，子公司获得房屋与地方政府部批准，从事放贷和典当业务。...
tag stockTOMEI -1.7%,
7:22 PM Ringgit ends easier against US dollar, stronger versus other major currencies

KUALA LUMPUR: The ringgit closed easier against the US dollar on better demand for the greenback as the US 10-year bond yields made new highs, said an analyst.
7:14 PM 签署客服商标执照协议　先进联营加入Visa支付网络

（吉隆坡26日讯）先进联营（ASB，1481，主板消费股）宣布，与Visa国际签署客户服务和商标执照协议（CSTLA），...
tag stockASB 0%,
7:13 PM FGV names Rastam Mohd Isa as new chairman

KUALA LUMPUR: FGV Holdings Bhd has appointed former Foreign Affairs Ministry secretary general Tan Sri Rastam Mohd Isa as its new chairman effective today.
tag stockFGV -0.7%,
7:13 PM VS Industry closes FY2023 on a stronger note as 4Q net profit jumps 86%

KUALA LUMPUR (Sept 26): Electronic manufacturing services (EMS) provider VS Industry Bhd closed its financial year 2023 (FY2023) on a stronger note than FY2022, following an 85.7% jump in its net profit for the fourth quarter ended July 31 to RM66.08 million from RM35.59 million in the previous year's corresponding quarter, as it recorded a higher revenue on increased sales orders from existing customers.
tag stockVS -2.5%,
7:13 PM 阿里拟分拆菜鸟香港独立上市

（香港26日讯 ）阿里巴巴公布，已就分拆菜鸟智慧物流在香港主板上市，向港交所提交分拆计划，并获确认可以进行建议分拆。分拆...
7:12 PM 永旺信贷次季多赚58%　派息每股28.5仙

（吉隆坡26日讯）永旺信贷（AEONCR，5139，主板金融股）2024财政年次季（截至8月31日止）净赚1亿2019万...
tag stockAEONCR +3.1%,
7:10 PM Former top diplomat Rastam appointed FGV chairman

FGV Holdings Bhd has appointed former Ministry of Foreign Affairs secretary general Tan Sri Rastam Mohd Isa as the plantation giant’s chairman effective immediately.
tag stockFGV -0.7%,
7:01 PM Samaiden and Meta Bright collaborate to advance clean energy initiatives within APAC

PETALING JAYA: Samaiden Group Bhd is tying up with Meta Bright Group Bhd (MBGB) to expand business opportunities and accelerate the growth of renewable energy solutions, particularly for the mining sector within the Asia-Pacific region.
tag stockSAMAIDEN 0%, MBRIGHT -2.1%,
6:59 PM DBS latest bank to roll out anti-scam measures, after OCBC and Citi

DBS is rolling out new anti-scam security measures that will prevent the fraudulent logging in of customer’s digibank accounts by restricting access to the app when it detects potential security risks. This is part of the bank’s efforts to enhance customer protection amid fast evolving scam and fraud tactics, according to a release dated Sept 26.
6:56 PM 大马碳交易所正式启动
6:53 PM AEON Credit 2Q net profit soars to RM120 mil, declares 28.5 sen dividend

KUALA LUMPUR (Sept 26): AEON Credit Service (M) Bhd’s net profit for the second quarter ended Aug 31, 2023 (2QFY2024) soared 59% to RM120.19 million from RM75.65 million reported in the same period last year, supported by higher transaction and financing volume.
tag stockAEONCR +3.1%,
6:51 PM Singaporean professionals excited to embrace AI for work

Despite feelings of worry and uncertainty, Singaporean professionals are excited to use artificial intelligence (97%) at work and believe it will help them progress in their careers (93%).
6:50 PM Tomei units get pawnbroking, money lending license

KUALA LUMPUR: Tomei Consolidated Bhd’s subsidiaries have received conditional approvals from the Local Government Development Ministry (MLGD) for pawnbroker licence to operate as pawnbroker under the Pawnbrokers Act 1972 [Act 81].
tag stockTOMEI -1.7%,
6:44 PM 净利大增60% 永旺信贷派息28.5仙
tag stockAEONCR +3.1%,
6:44 PM The elusive Fed 'soft landing' nears. Why are Americans so mad about the economy?

WASHINGTON (Sep 26): U.S. Federal Reserve Chair Jerome Powell said emphatically last week that people "hate inflation, hate it," but he left another fact unspoken - they also punish the politicians in charge when prices rise. The central bank's quest for a "soft landing" of more slowly ...
6:43 PM VS Industry expects sustained sales growth after 86% profit surge

PETALING JAYA: VS Industry Bhd expects its strong sales orders momentum, which partly lifted the latest fourth-quarter net profit by a whopping 86%, to sustain into the following financial year.
tag stockVS -2.5%,
6:41 PM 乐天交易:外资续流入 综指年底可冲1560点
tag stockMAYBANK +0.1%, TENAGA +0.8%, CDB 0%, PBBANK -1.2%, MBMR +1.9%, BAUTO -0.4%, RHBBANK -0.2%, CIMB 0%, KERJAYA +1.6%, GAMUDA -1.6%, IJM -3.2%, SUNCON 0%, KITACON 0%, ARMADA +3.6%, UZMA +5.5%, YINSON 0%, TAANN -0.6%, HSPLANT 0%, KGB -1.9%, ITMAX +2.8%,
6:34 PM Socso's three-day employment forum to see international participation

KUALA LUMPUR: The upcoming International Public Employment Forum 2023 (Ipef 2023) will give insights into creating new employment prospects; upskilling and reskilling the workforce; and enhancing the quality of workers.
6:28 PM Ecoscience gets RM38mil construction job

PETALING JAYA: Ecoscience International Bhd has received a letter of award involving construction works worth RM38mil from the Maitreya Moral Society Malaysia (PAMM).
tag stockEIB -4.8%,
6:27 PM Tesla’s China exports in crosshairs of EU anti-subsidy probe

One automaker is looming larger than any other in the investigation of electric vehicles (EVs) flowing into the European Union (EU) from China: Tesla Inc.
6:24 PM 销量售价齐跌　德源首要次季净利重挫82%

（吉隆坡26日讯）由于销量和售价齐跌，德源首要（TECGUAN，7439，主板消费股）2024财政年次季（截至7月31日...
tag stockTECGUAN -0.6%,
6:23 PM 沙布拉资源次季亏损扩大190%

（吉隆坡26日讯）沙布拉资源（SAPRES，4596，主板产业股）2024财政年次季（截至7月31日止）净亏2225万令...
tag stockSAPRES 0%,
6:18 PM Aeon Credit stays vigilant amid economic challenges

KUALA LUMPUR: Aeon Credit (M) Service Sdn Bhd remains cautious on the outlook for the second half of the financial year in view of prevailing economic headwinds, tightening policy rates to curb inflationary pressures and volatility in the global banking industry and financial markets.
tag stockAEONCR +3.1%,
6:15 PM 林上海资本转战创业板
tag stockLSH 0%,
6:11 PM EIB公司获3802万建筑大楼工程

（吉隆坡26日讯）EIB公司（EIB，0255，创业板）宣布，获得一项总值3802万令吉的建筑工程合约。EIB公司通过子...
tag stockEIB -4.8%,
6:10 PM Powerwell控股获927万采购订单
tag stockPWRWELL 0%,
6:09 PM 金饰产品需求疲软 宝光末季净利挫8成
tag stockPOHKONG -4.0%,
6:05 PM SNS Network upbeat on ICT industry growth

KUALA LUMPUR: SNS Network Technology Bhd is optimistic about the prospects of the ICT industry, owing to a sustained demand for ICT products and a strong, expanding customer base.
tag stockSNS -1.9%,
6:04 PM 订单量走高 威铖末季净利暴涨86%
tag stockVS -2.5%,
6:03 PM 堡发资源第3季净利暴跌78%

（吉隆坡26日讯）堡发资源（POHUAT，7088，主板消费股）2023财政年第3季（截至7月31日止）净利按年下挫78...
tag stockPOHUAT -0.8%,
6:00 PM 【财经最热NOW】9月26日｜资本利得税不合时宜 强推或吓跑外资
5:57 PM Ecoscience bags RM38 mil job to construct building, electrical substation in Selangor

Ecoscience International Bhd has secured a RM38.02 million contract for the construction of a building and substation in Kerling, Selangor.
tag stockEIB -4.8%,
5:57 PM 林上海资本大股东要求转板上市

（吉隆坡26日讯）林上海资本（LSH，03047，中小型企业板）宣布，大股东丹斯里林景清要求公司转移至创业板上市。林上海...
tag stockLSH 0%,
5:54 PM MIDF upgrades property sector to ‘positive’ amid downtrend in overhang levels

MIDF Research has upgraded the property sector to "positive" from "neutral” on improved outlook amid a downtrend in overhang and inventory levels, naming Mah Sing Group Bhd and Matrix Concepts Holdings Bhd as its top picks.
tag stockMAHSING -1.1%, MATRIX -0.7%, SPSETIA -1.0%, GLOMAC +2.6%, IOIPG 0%,
5:53 PM 【行家论股】戴乐集团 净利基础多元化
tag stockDIALOG +0.9%,
5:52 PM 【行家论股】Astro 整体转好仍需时间
tag stockASTRO -1.1%,
5:52 PM 【行家论股】布米阿马达 印尼合约还未完善
tag stockARMADA +3.6%,
5:52 PM 美元美债强势冲击亚股　马股逆市升0.15%

（吉隆坡26日讯）美元走强以及美国国债收益率持续上升，导致亚洲股市今日几乎全面收黑，惟综指逆市上涨，闭市收报1445.5...
5:49 PM Powerwell wins purchase orders worth RM9.3mil

KUALA LUMPUR: Powerwell Holdings Bhd’s wholly owned subsidiary, Kejuruteraan Powerwell Sdn Bhd, has secured two purchase orders totaling RM9.27mil from Datapuri Sdn Bhd.
tag stockPWRWELL 0%,
5:47 PM 宝光末季净利重挫83%　派息2仙

（吉隆坡26日讯）宝光控股（POHKONG，5080，主板消费股）2023财政年末季（7月31日结账）净利按年锐减83....
tag stockPOHKONG -4.0%,
5:40 PM 威铖末季净利飙涨85%

（吉隆坡26日讯）威铖集团（VS，6963，主板工业股）2023财政年末季（截至7月31日止）净利按年飙涨85.70%，...
tag stockVS -2.5%,
5:38 PM 5G coverage in populated areas at 68.8% as of Aug 31

KUALA LUMPUR: A total of 5,724 sites were developed by Digital Nasional Bhd (DNB), comprising 68.8 per cent coverage of the populated areas as of Aug 31 2023, said Deputy Communications and Digital Minister Teo Nie Ching.
5:37 PM Ewon urges MSMES to integrate ESG practices to access global market

Micro, small and medium enterprises (MSME) have been urged to integrate environmental, social and governance (ESG) practices into their business operations to gain more opportunities in the global market.
5:35 PM Banks in EU largely comply with 'Basel Endgame', says watchdog

Banks in the European Union already largely meet stricter global capital requirements ahead of a 2028 deadline, with the shortfall now down to €600 million (RM2.9 billion), the bloc's banking watchdog said on Tuesday.
5:34 PM 净利重挫78% 堡发资源派息2仙
tag stockPOHUAT -0.8%,
5:31 PM Alibaba plans to spin off logistics unit Cainiao by way of a separate listing of Cainiao shares on the Hong Kong Stock Exchange
5:27 PM 消费情绪改善   海鸥料明年否极泰来

（吉隆坡26日讯）尽管营运环境充满挑战冲击民众消费情绪，直销业老字号海鸥控股（BESHOM，7668，主板消费股）认为，...
tag stockBESHOM 0%,
5:26 PM WOW! Sea Ltd soared more than 10%?
5:26 PM Dow in late dash higher as Amazon climb helps tech shake funk
5:21 PM Bursa closes marginally higher on bargain hunting

Bursa Malaysia ended marginally higher due to bargain-hunting activities following Monday’s sell-off.
5:20 PM 首日上市走势凌厉 苌菁资本一度飙46%
tag stockEMCC +11.1%,
5:19 PM FBM KLCI in the green on bargain hunting

KUALA LUMPUR: The FBM KLCI rebounded on Tuesday, bucking the negative regional trend, amid fears that global interest rates will stay higher for longer.
5:14 PM Axiata, CyberSecurity Malaysia set to sign MOU to strengthen cybersecurity

KUALA LUMPUR (Sept 26): A memorandum of understanding (MOU) will be signed between Axiata Group Bhd and CyberSecurity Malaysia in the near future to strengthen the country's cybersecurity.
tag stockAXIATA +2.0%,
5:11 PM 守住1445点 综指闭市微升2.1点
5:10 PM Sime Darby Property’s Cantara Residences and Elmina Central Park recognised for its green initiatives

Sime Darby Property Bhd has been recognised for its environmental-friendly efforts in Cantara Residences, Ara Damansara and Elmina Central Park, City of Elmina.
tag stockSIMEPROP 0%,
5:02 PM 能源超级周期或卷土重来 摩根大通上调全球能源股评级
5:01 PM Amendment to Statistics Act to be tabled in Parliament in July 2024

KUALA LUMPUR (Sept 26): The government is planning to revise the Statistics Act 1965 in the Dewan Rakyat in July 2024, to increase the Department of Statistics Malaysia (DOSM)’s role in strengthening the country’s statistical landscape.
5:00 PM Maybank Investment Bank eyes bigger slice of mid-cap market

MENTION the name Maybank Investment Bank Bhd (Maybank IB) and the business and investment community would inevitably think of companies with large market capitalisations and the deals it has undertaken for them over the years. The investment bank, which has a 50-year track record being ...
4:59 PM 美国只有收入前20%人群 现金财富多于疫情前
4:55 PM 欧盟中国若打关税战 德国豪车首当其冲
4:53 PM 李稻葵:鼓励放贷阻违约 中国房市复苏需1年
4:52 PM China's new trading rules not designed to kill 'flash boys', lobby group says

SHANGHAI/SINGAPORE: China's securities regulators have told market participants that tighter rules for programme trading were not designed to kill the business, but were a response to calls for more oversight, according to Asia's largest financial lobby group ASIFMA.
4:48 PM Government, regulators must be agile to achieve digital transformation — MCMC COO

KUALA LUMPUR (Sept 26): The government and regulators must be agile in implementing policies to achieve digital transformation that could evolve to support social and economic goals, said Malaysian Communications and Multimedia Commission (MCMC) chief operating officer Datuk Mohd Ali Hanafiah Mohd Yunus.
4:48 PM 上半年回收104亿ICPT成本　国能现金流改善

（吉隆坡26日讯）国家能源（TENAGA，5347，主板公用股）预期，随著煤炭价格放缓，成本转嫁机制（ICPT）应收账款...
4:45 PM Thailand approves US$908m plan to suspend farmers' debts for three years

Thailand's cabinet has approved a plan to suspend debt repayments for millions of farmers for three years at a total cost of about 33 billion baht (RM4.2 billion) to the government, a deputy finance minister said on Tuesday.
4:35 PM GlobalFoundries opens new hub facility in Penang

GEORGE TOWN (Sept 26): Semiconductor manufacturer GlobalFoundries Inc (GF) has officially opened its new hub facility in Penang that will be utilised to oversee the company’s global operations.
4:32 PM Constellation Energy Corp shows Flag-formation breakout with 6.7% potential upside; IP stock forms bullish engulfing candle
4:28 PM UBS and China's ICBC to explore banking, asset and wealth management collaboration

Swiss banking group UBS said on Tuesday it had signed a memorandum of understanding with the world's largest lender by assets, Industrial and Commercial Bank of China (ICBC), to explore strategic collaborations in China and overseas markets.
4:24 PM Dollar hits 10-month high as US yields spike, yen slides

LONDON/SINGAPORE: The dollar rose to a new 10-month peak on Tuesday as U.S. bond yields surged to their highest level since October 2007, while the Japanese yen resumed its slide, putting traders on alert for signs of government intervention.
4:23 PM Perak received nearly RM16m in non-radioactive rare earth element royalty as of July 2023

IPOH (Sept 26): The pilot non-radioactive rare earth element (NR-REE) mining project, covering an area of 78 hectares in Mukim Kenering, Hulu Perak, has generated almost RM16 million in royalty to the Perak government, the state assembly was told on Tuesday.
4:21 PM Shell launches programme to help fleet owners decarbonise

Shell Fleet Solutions, Shell Malaysia’s business mobility division, introduced its Accelerate to Zero (A2Z) Programme in Malaysia on Tuesday to provide fleet owners with solutions to reduce their carbon emissions.
4:17 PM 除了白面包 Gardenia下月涨价3至5%
4:17 PM HSTECH fell by 1.69% with Li Auto down over 4%; Newly listed stock YZYBIO-B surged over 21% among top gainers
4:13 PM Chow hopes 12MP Penang projects will be implemented under Budget 2024

The Penang state government hopes that all projects for the state, as listed in the 12th Malaysia Plan (12MP), will be carried out under Budget 2024, scheduled to be tabled on Oct 13, said Chief Minister Chow Kon Yeow.
4:12 PM 日本货币政策正常化 植田和男更爱稳扎稳打
4:02 PM Thames Water faces £100m penalty for missed targets

Thames Water Ltd was slapped with a penalty of over £100 million (US$122 million or RM571.72 million) by regulator Ofwat, just as the beleaguered UK utility needs billions of pounds to repair its ageing, leaky networks.
4:02 PM 日圆恐跌破150再创新低　日本人叹物价好贵

（东京26日讯）日圆仍持续走贬，25日盘中一度贬至148.96日圆兑一美元，各界忧心若放任日圆继续跌跌不休，恐跌破150...
4:00 PM BPlant-KLK deal down to the wire

THE Boustead Plantations Bhd-Kuala Lumpur Kepong Bhd deal has come right down to the wire with the Lembaga Tabung Angkatan Tentera (LTAT) board seeking more time to arrive at a decision on the transaction. A decision had been expected on Sept 9 when an extraordinary general meeting (EGM...
tag stockKLK +0.4%, BPLANT 0%,
3:54 PM UK's ASOS sees profit at bottom end of guidance as turnaround stutters

LONDON: British online fashion retailer ASOS reported a 15% fall in fourth-quarter sales and forecast earnings around the bottom of its guided range but said it was still making progress with its turnaround plan.
3:44 PM Oil prices slip as high interest rate outlook outweighs tight supply

TOKYO/BEIJING: Oil prices fell on Tuesday amid concerns that fuel demand will be crimped by major central banks holding interest rates higher for longer, even with supply expected to be tight.
3:37 PM India to set emission reduction mandates for four sectors, to start carbon trading from 2025 — sources

India will set carbon emission reduction targets for four fossil fuel dependent sectors, as the Asian country looks to align its industry with the country's greenhouse emissions reduction target, two government officials said.
3:31 PM Analysts maintain their calls on Dialog as its entry into specialty chemicals is expected to have limited impact

Analysts have maintained their calls on Dialog Group Bhd as the group’s venture into specialty chemicals is expected to have a minimal impact on the company's financials in the short term.
tag stockDIALOG +0.9%,
3:30 PM US dollar emerges as best haven from US govt shutdown fears

The greenback is once more proving it’s the only haven that matters. Treasuries are cratering — and sending other bond markets down — as a looming shutdown underscores the potential that US fiscal profligacy will spur issuance. With the Federal Reserve determined to keep interest rates higher for longer, investors are finding few places to hide apart from the world’s reserve currency.
3:24 PM GlobalFoundries opens new hub facility in Penang

GEORGE TOWN: Semiconductor manufacturer GlobalFoundries (GF) has officially opened its new hub facility in Penang that will be utilised to oversee the company’s global operations.
3:17 PM French shoppers buy fewer tampons, less detergent as prices surge

French consumers are buying fewer personal hygiene and household products, sacrificing tampons and laundry detergent as prices of products made by big brands like P&G and Unilever surge, data compiled for Reuters shows.
3:15 PM US yields march higher, Asia stocks sag amid Fed angst

TOKYO: U.S. Treasury yields scaled fresh 16-year peaks on Tuesday, keeping the dollar near a 10-month high, as investors responded to the message from the Federal Reserve and other major central banks that rates are likely to stay elevated for longer.
3:07 PM China's e-commerce discount race to the bottom puts incumbents under pressure

Discount e-commerce is set to dominate globally during the critical upcoming holiday shopping season in the West and Singles’ Day in China, analysts said.
3:00 PM China's new trading rules target more oversight, not killing 'flash boys', says lobby group

China's securities regulators have told market participants that tighter rules for programme trading were not designed to kill the business, but were a response to calls for more oversight, according Asia's largest financial lobby group Asifma.
3:00 PM Mounting risks in non-bank sector need urgent attention, says StanChart group chairman

KEY risks to global financial stability lie not in the banking sector but in the non-bank financial sector, says Standard Chartered plc (StanChart) group chairman José Viñals. Viñals, who was previously with the International Monetary Fund (IMF) and in charge of its monetary and financi...
2:59 PM Evergreen Max Cash Capital to prioritise Klang Valley expansion, eyes 10% market share

KUALA LUMPUR (Sept 26): Evergreen Max Cash Capital Bhd (EMCC), which debuted on the ACE Market on Tuesday, said it expects demand for pawnbroking to increase amid escalating costs of living.
tag stockEMCC +11.1%,
2:45 PM 苌菁资本登陆马股　盘中溢价45%

（吉隆坡26日讯）典当服务供应商——苌菁资本（EMCC，0286，创业板）周二在马股创业板粉末登场便备受投资者追捧，盘中...
2:44 PM 预算案料惠及建筑业　乐天交易看好这3只建筑股

（吉隆坡26日讯）乐天交易（Rakuten Trade）预计，政府即将提呈的2024年财政预算案，将增加建筑发展的拨款，...
tag stockKERJAYA +1.6%, KITACON 0%, MUHIBAH +2.0%, ITMAX +2.8%, DCHCARE 0%, MAYBANK +0.1%, CIMB 0%, TENAGA +0.8%, CDB 0%, PBBANK -1.2%,
2:43 PM Securities Commission, SME Corp ink MOU on capital market financing for MSMEs

KUALA LUMPUR (Sept 26): The Securities Commission (SC) has signed a memorandum of understanding (MOU) with SME Corporation Malaysia (SME Corp) to facilitate greater access to capital market financing for micro, small and medium enterprises (MSMEs).
2:42 PM China’s economy is set to avoid a Japanese-style deflation

(Sep 26): Prices in China are recovering, according to an independent survey, providing more evidence that the worst may be over for the world’s second-biggest economy and easing fears of a Japan-style deflation for now. The all-sector price index hit 50.9 in September, the highest leve...
2:42 PM 大马8月生产者物价指数萎缩1.8%

（吉隆坡26日讯）统计局最新数据显示，我国8月生产者物价指数（PPI）按年萎缩1.8%，但跌幅低于7月按年减2.3%。统...
2:39 PM 福特喊停与宁德时代在美建厂计划

（纽约26日讯）美国汽车巨头福特公司将停止与中国电池制造商宁德时代在美国密歇根州建造一座价值35亿美元（约164亿令吉）...
2:30 PM 虽难复疫前之勇 惠誉维持云顶大马BBB+评级
tag stockGENM -0.8%,
2:28 PM 拉嘉德:虽然“痛苦” 升息是抑制通胀唯一办法
2:22 PM Singapore Aug manufacturing output dives 12% y/y, more than expected

SINGAPORE: Singapore's industrial output in August fell 12.1% year-on-year, contracting for an 11th consecutive month and more steeply than expected, mainly due to a slump in electronics, official data showed on Tuesday.
2:18 PM Thai Aug exports unexpectedly rise for first time in 11 months

Thai exports unexpectedly rose for the first time in 11 months in August amid weak global demand, and the ministry said on Tuesday that shipments should be "good" in the final quarter of the year because of year-end orders.
2:15 PM Japan maintains modest economic recovery view, raises corporate profits assessment

Japan retained its view of a modest recovery in the world's third-biggest economy, but upgraded its assessment of corporate earnings for the first time since March 2022 even as it warned of risks to growth from a global slowdown and volatile markets.
2:14 PM Malaysia’s PPI improves for second month in August, still down 1.8%

KUALA LUMPUR (Sept 26): Malaysia’s producer price index (PPI) improved for the second consecutive month with a slower contraction of 1.8% year-on-year (y-o-y) in August, against a 2.3% contraction in July, on the back of better performance from the mining sector, although production across all other sectors slowed.
2:12 PM Thai baht leads Asian currencies lower, pressured by dollar

Asian currencies fell on Tuesday, with Thailand's baht and Indonesia's rupiah leading losses, pressured by strength in the greenback as signs of economic resilience and a hawkish US Federal Reserve rhetoric pushed US bond yields to 16-year highs.
2:09 PM 燃煤价格放缓 国能现金流改善
tag stockTENAGA +0.8%,
2:08 PM China Evergrande shares tumble for second day after unit misses bond payment

HONG KONG: China Evergrande Group shares slid for a second consecutive session on Tuesday, dropping as much as 8% after a unit of the embattled property developer missed an onshore bond repayment.
2:06 PM WCSC returns for 14th instalment with focus on building resilient cities

KUALA LUMPUR (Sept 26): In the 14th year of World Class Sustainable Cities (WCSC), the international conference centred its theme with “Resilient Urbanisation Planning Towards Malaysia Madani” that focuses on exploring proactive steps required for cities to achieve resilience, sustainability and ...
2:03 PM EU trade chief warns China’s Ukraine stance is hurting trade

The European Union’s chief trade negotiator warned Beijing’s failure to condemn Russia’s war in Ukraine was damaging China’s investment opportunities, as he wrapped a high-stakes trip to the world’s second-largest economy.
2:02 PM Macron is pushing Europe into a US$900b fight with China

The European Union’s new, tougher approach to China is being shaped by French concerns that Beijing’s trade practices have started to pose a critical threat to core industries.
2:00 PM Insider Moves: Bright Packaging Industry Bhd, Pekat Group Bhd, OCB Bhd, Icon Offshore Bhd, IJM Corp Bhd, KPJ Healthcare Bhd

Notable filings For the week of Sept 4 to 8, notable shareholding changes at Bursa Malaysia-listed companies included those at Bright Packaging Industry Bhd, which saw its non-­executive director Lye Jun Fei cease to be a substantial shareholder of the aluminium foil ...
tag stockBRIGHT 0%, PEKAT +1.1%, OCB 0%, ICON +4.5%, IJM -3.2%, KPJ -2.5%,
2:00 PM Puncak Niaga’s Ijok land being revalued, could be sold at higher loss

PUNCAK Niaga Holdings Bhd is believed to be undertaking a revaluation exercise on the three pieces of land in Ijok, Selangor, that it is selling to Alpha Galaxy Sdn Bhd and Alpha Galaxy 1 Bhd (together, Alpha Galaxy), which could result in a higher value for the parcels. If the land’s v...
tag stockPUNCAK +3.8%,
1:59 PM Astro hits all-time low as 2Q result misses expectations

KUALA LUMPUR (Sept 26): Analysts covering Astro Malaysia Holdings Bhd have cut target prices (TPs) and earnings forecasts for the pay-TV provider, following disappointing results for the second quarter ended July 31, 2023 (2QFY2024).
tag stockASTRO -1.1%,
1:58 PM TNB expects RM7bil recovery from ICPT in 1H24 amid favourable fuel price trends

KUALA LUMPUR: Tenaga Nasional Bhd has estimated a recovery of about RM7bil from imbalance cost pass-through (ICPT) in the first half of the 2024 financial year, based on current fuel price trends.
tag stockTENAGA +0.8%,
1:58 PM Singapore Aug manufacturing output dives 12% y-o-y, more than expected

Singapore's industrial output in August fell 12.1% year-on-year, contracting for an 11th consecutive month and more steeply than expected, mainly due to a slump in electronics, official data showed on Tuesday.
1:55 PM China Evergrande shares tumble for second day after unit misses bond payment

China Evergrande Group shares slid for a second consecutive session on Tuesday, dropping as much as 8% after a unit of the embattled property developer missed an onshore bond repayment.
1:53 PM Japan's finance ministry says all options on table in dealing with FX volatility

Japanese Finance Minister Shunichi Suzuki said on Tuesday that authorities won't rule out any options in dealing with excessive currency volatility, underlining a warning that has kept traders on alert for intervention to prop up a sliding yen.
1:49 PM US will have 18 ETFs launched this week for 2023 weekly record

(Sept 26): As many as 18 new exchange-traded funds (ETFs) are scheduled to launch in the US market this week, more than double the average weekly total of 8.5 so far this year. The flurry of new offerings would bring the total of ETF launches this month to 57, a record for this year and...
1:48 PM China says willing to play 'constructive' role in Apec's success

China is willing to play a "constructive" role in the success of the Asia-Pacific Economic Cooperation (Apec) summit in San Francisco, its top diplomat said on Tuesday, after President Xi Jinping's absence at the annual Group of 20 summit in India.
1:47 PM 亚马逊砸188亿 投资AI新创公司
1:44 PM 乐天交易：外资回流　马股年尾上看1560点

（吉隆坡26日讯）乐天交易（Rakuten Trade）认为，随著外资重新流向马股，预计富时大马综合指数年尾将回升至15...
1:43 PM Malaysia's producer price index declines to -1.8% in August 2023

KUALA LUMPUR: Malaysia’s producer price index (PPI) declined to -1.8 per cent in August 2023, an improvement from July’s -2.3 per cent (June: -4.8 per cent), said the Department of Statistics Malaysia.
1:37 PM Cheaper valuation of emerging market stocks set to attract strong foreign investment, says Rakuten Trade

Foreign appetite for emerging markets including Malaysia is expected to remain strong for the remainder of the year as investors are looking to diversify funds in light of the widening risk-reward ratio on Wall Street as another Federal Reserve rate hike looms.
1:31 PM 欧央行抗通胀　维持限制性利率

（布鲁塞尔26日讯）欧洲央行行长拉加德重申，即使经济面临挑战，只要是抗通胀所需，借贷成本就会维持在高位。拉加德对欧洲议会...
1:28 PM Rakuten sees ringgit strengthening to 4.2, 4.3 against USD by year-end

KUALA LUMPUR: The ringgit is expected to strengthen to around the 4.2000/3000 range against the US dollar (USD) by the end of the year on the back of expected "easing trends” in the United States (US), according to Rakuten Trade Sdn Bhd.
1:23 PM Avaland launches Amika Residences sales gallery

KUALA LUMPUR (Sept 26): Avaland Bhd inaugurated its sales gallery for Amika Residences, its latest project in Subang Jaya, last Saturday (Sept 23).
tag stockAVALAND -5.3%,
1:14 PM 华为两小时新品发布会 Mate 60连配角都算不上
1:12 PM US House to press forward with spending cuts despite shutdown risk

WASHINGTON (Sept 25): The Republican-controlled House of Representatives is due to try to advance steep spending cuts this week that stand no chance of becoming law and could force a partial shutdown of the US government by next Sunday.
1:09 PM SC, SME Corp inks MoU on capital market financing for MSMEs

KUALA LUMPUR: The Securities Commission (SC) has signed a memorandum of understanding (MoU) with SME Corporation Malaysia (SME Corp) to facilitate greater access to capital market financing for micro, small and medium enterprises (MSMEs).
1:05 PM Yen hits 11-month low against dollar, watched for intervention risk

NEW YORK (Sept 25): The dollar hit an 11-month high against the Japanese yen on Monday and an almost 10-month high against a basket of currencies after the Federal Reserve last week signaled that it could raise interest rates further and is likely to hold them higher for...
12:59 PM Grab关闭两投资产品 GrabInvest业务清盘
12:59 PM 最大美国长债ETF从历史高位暴跌48%　联储加息前景带来压力

（纽约26日讯）因市场预期联储局将在更长时间维持高利率，最大的美国长期国债交易所交易基金（ETF）遭遇有记录以来最大跌势...
12:54 PM US government shutdown bad for country’s credit, warns Moody’s

NEW YORK (Sept 25): A U.S. government shutdown would harm the country's credit, rating agency Moody's said on Monday, a stern warning coming one month after Fitch downgraded the U.S. by one notch on the back of a debt ceiling crisis.
12:54 PM Bargain hunting lifts Bursa at midday

Bargain hunting in plantation, healthcare, and finance-related counters lifted Bursa Malaysia at midday. At 12.30pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.54 points, or 0.18% firmer, at 1,445.99 from Monday’s close of 1,443.45.
12:51 PM FBM KLCI rebounds 0.18% at midday

KUALA LUMPUR: The FBM KLCI rebounded in Tuesday’s midday trading, buoyed by gains in banking and plantation counters.
12:45 PM 房市疲软影响 广东一发展商申请破产
12:42 PM 亚股一片惨淡 马股早盘温和走高
12:41 PM TNB achieves RM10.4b recovery in ICPT costs, strengthening cash flow position

Tenaga Nasional Bhd (TNB) expects a decline in its imbalance cost pass-through (ICPT) receivables, primarily due to the moderation of coal prices, resulting in improved working capital and cash flow levels in 2023 as it fully recovered RM10.4 billion of ICPT costs for the first half of 2023 (1H2023).
tag stockTENAGA +0.8%,
12:38 PM Indian shares subdued amid sustained foreign outflows

BENGALURU (Sept 26): Indian benchmarks were mostly unchanged at open on Tuesday, as broader risk sentiment remained subdued on continued selling from foreign funds. The Nifty 50 was mostly flat at 19,685 points as of 9:21 a.m. IST, while the S&P BSE Sensex was also unchanged at 66,0...
12:34 PM 穆迪：政府若停摆将对美国信用产生负面影响

（纽约26日讯）评级机构穆迪表示，如美国政府停摆将对美国信用产生负面影响。 穆迪分析师福斯特（William Foste...
12:31 PM LG CEO谈转型路：车辆解决方案业务2030年突破797亿

（首尔26日讯）韩国LG计划到2030年，将其车辆解决方案业务的年销售额提升至170亿美元（约797亿令吉），占总收入的...
12:28 PM 日本Lawson超商宣布 饭团便当降价20%
12:21 PM 马币行情(26/09/2023)
12:14 PM Tropicana Corp, UKM researcher fosters biodiversity of Dragonfly Pond in Tropicana Golf & Country Resort

KUALA LUMPUR (Sept 26): Tropicana Corp Bhd’s collaboration with Universiti Kebangsaan Malaysia (UKM) researcher Choong Chee Yen to foster the biodiversity of its Dragonfly Pond at Tropicana Golf & Country Resort has resulted in drawing 14 dragonfly and damselfly species to the resort.
tag stockTROP +4.2%,
12:03 PM HSTECH dropped by 1.10%; COSMOPOL INT'L rose by 38.10%; BIDU-SW climbed by 1.02%
11:59 AM Indonesia's president launches carbon emissions credit trading

Indonesian President Joko Widodo on Tuesday launched the country's first carbon emission credit trading, with the aim of creating a market to fund cuts in greenhouse gas emissions and become a major participant in the global carbon trade.
11:56 AM Kraken FPSO’s reopening could push Bumi Armada’s FY2024 earnings to record high — Maybank IB

KUALA LUMPUR (Sept 26): Bumi Armada Bhd’s core net profit for the financial year ended Dec 31, 2024 (FY2024) could hit a record RM847 million, as its Kraken floating production offloading and storage (FPSO) unit is now operating at pre-pandemic levels.
tag stockARMADA +3.6%,
11:53 AM Fed's Kashkari sees another rate hike, then a hold

MINNEAPOLIS Federal Reserve Bank President Neel Kashkari said on Monday that given the surprising resilience of the U.S. economy, the Fed probably needs to raise borrowing rates further and keep them high for some time to bring inflation back down to 2%.
11:45 AM 沦为“数位壁纸” 95% NFT价值为零
11:43 AM 美联储之后德国央行也裁员　原因竟是一份PPT

（法兰克福26日讯） 德国央行行长纳格尔（Joachim Nagel）在去年履新后拍板决定，雇佣美国波士顿咨询公司给德国...
11:42 AM Grab关闭2投资产品　GrabInvest业务将清盘

（新加坡26日讯）Grab在星期一（25日）关闭投资产品AutoInvest和Earn+，让顾客最迟在10月13日把钱提...
11:30 AM 恒大地产：“20恒大04”债券未能按期兑付本息

（深圳26日讯）恒大地产集团公布，2020年面向专业投资者公开发行公司债券（第一期）（债券简称“20恒大04”）应于25...
11:23 AM Astro falls almost 7% on 2Q earnings miss

KUALA LUMPUR: Shares in Astro Malaysia Holdings Bhd fell in early trade after reporting a 76% lower net profit in the second quarter ended July 31 (2Q24).
tag stockASTRO -1.1%,
11:21 AM JPMorgan CEO Jamie Dimon warns world may not be prepared for Fed at 7%, Times of India reports

The world may not be prepared for a worst-case scenario of US Federal Reserve (Fed) benchmark interest rates hitting 7% along with stagflation, JPMorgan Chase & Co chief executive officer Jamie Dimon said in an interview with the Times of India in Mumbai.
11:08 AM Indonesia's president launches carbon emissions trading

JAKARTA: Indonesian President Joko Widodo on Tuesday launched his country's first carbon emission trading, with the aim of creating a market to fund efforts to reduce greenhouse gas emissions and become a major player in global carbon trade.
10:57 AM Two stocks experienced a significant surge with one up 36%, which were both included in the HK Stock Connect earlier this month
10:44 AM Moody's warns US government shutdown bad for country's credit

NEW YORK: A U.S. government shutdown would harm the country's credit, rating agency Moody's said on Monday, a stern warning coming one month after Fitch downgraded the U.S. by one notch on the back of a debt ceiling crisis.
10:40 AM Worst is over in terms of earnings downgrades for glove sector, says Kenanga

Kenanga Research has maintained its “neutral” rating on the glove sector and said it believes the worst is over in terms of earnings downgrades for the sector, underpinned by easing cost pressures and savings emanating from decommissioning of older plants moving into the second half of calendar year 2023 (2HCY2023).
tag stockHARTA -2.0%, TOPGLOV -1.3%, KOSSAN -2.2%, SUPERMX -0.6%,
10:20 AM Report: Chinese investors dump overseas property as cash dwindles

Chinese investors rattled by the country's shaky financial situation have raced to offload foreign properties as their household wealth dwindles. The London-based Daily Express in a report on Monday (Sept 25) said hundreds of middle-class families who bought investment properties before the Covid pandemic in 2020 have mounted a frantic search for potential buyers following China's bumpy reopening earlier this year.
10:19 AM Quick take: D&O rises after EPF emerges as major shareholder

KUALA LUMPUR: D & O Green Technologies Bhd saw its share price climb 2.06% in early trade Tuesday after the Employees Provident Fund (EPF) emerged as a substantial shareholder in the company.
tag stockD&O -0.6%,
10:17 AM 美国页岩油巨头警告 油价或冲上150美元
10:09 AM Ringgit opens little changed against US dollar

KUALA LUMPUR: The ringgit was little changed against the US dollar this morning amid weak sentiment across Asian currencies and the ongoing China property market woes.
9:45 AM Evergreen Max Cash Capital debuts on Ace Market with 33.33% premium over offer price

Evergreen Max Cash Capital Bhd's (EMCC) share price opened at 32 sen on Tuesday (Sept 26) on its debut on the ACE Market of Bursa Malaysia, an eight sen or 33.33% premium over its initial price offering (IPO) price of 24 sen.
tag stockEMCC +11.1%,
9:32 AM Bursa opens flat, in line with regional bourses

Bursa Malaysia opened marginally lower on Tuesday, in line with the weaker sentiment in regional bourses as investors remained concerned over the bearish economic outlook.
9:32 AM 综指早盘横摆波动　苌菁资本首日上市一度溢价45.84%

（吉隆坡26日讯）隔夜美股3大指数收涨，结束连续4天的下跌趋势。综指截至9点10分报1443.18，跌0.27点或0.0...
9:23 AM Budget 2024: Domestic sectors should benefit as govt allocates more resources, says TA Securities

TA Securities Research in a preview of Budget 2024 said domestic sectors should benefit as the government allocates more resources to drive domestic activities to counter the impact of weaker exports as economic growth stalls in the US, China and Europe.
tag stockCMSB -1.8%, GAMUDA -1.6%, IJM -3.2%, SUNCON 0%, TRC 0%, WCT -0.9%, YTLPOWR -1.0%, TENAGA +0.8%, INARI -0.3%, MPI -0.1%, UNISEM 0%, AXIATA +2.0%, CDB 0%, AEON +1.8%, PADINI -0.3%, FFB +1.7%, F&N +0.2%, FOCUSP +0.6%, CARLSBG +0.4%, HEIM -2.0%,
9:21 AM FBM KLCI continues to decline amid lack of catalysts

KUALA LUMPUR: The FBM KLCI was edged lower in early trading Monday, amid a lack of positive catalysts to drive a market.
9:19 AM 首日挂牌走势凌厉 苌菁资本开盘飙33%
9:18 AM 【南洋百年品牌奖/视频】 人人地产卓越品牌
9:14 AM How does diversification affect investment returns? i4value
9:09 AM EMCC debuts on ACE market at a 33% premium

KUALA LUMPUR: Pawnbroker Evergreen Max Cash Capital Bhd (EMCC) made its debut on the ACE Market of Bursa Malaysia at 32 sen per share, a 33% premium against its initial public offering (IPO) price of 24 sen.
tag stockEMCC +11.1%,
8:58 AM Fitch lowers Genting Malaysia’s 2023 and 2024 revenue estimates

Fitch has cut its revenue expectations for Genting Malaysia — operator of Malaysia’s Resorts World Genting plus casinos in New York and Europe — by around 5% on average for 2023 and 2024, citing its slower-than-expected recovery through the first half of the year.
tag stockGENM -0.8%,
8:56 AM Amazon's $4 billion stake in Anthropic challenges OpenAI dominance; HK regulator to reveal cryptocurrency license applicants
8:45 AM Trading ideas: SAM Engineering, KNM, TSH Resources, MPHB, Dialog, Senheng, D&O

KUALA LUMPUR: Stocks to watch today include SAM Engineering & Equipment (M) Bhd, KNM Group Bhd, TSH Resources Bhd, MPHB Capital Bhd, Dialog Group Bhd and Senheng New Retail Bhd, according to Apex Securities.
tag stockSAM -4.4%, KNM -4.0%, TSH -2.0%, MPHBCAP 0%, DIALOG +0.9%, SENHENG +7.2%, D&O -0.6%,
8:43 AM “减肥神药”富可敌国 诺和诺德市值超越丹麦GDP
8:20 AM Three-quarters of firms globally are not ready for new ESG rules, KPMG finds

LONDON (Sept 26): Three-quarters of companies globally are not ready to have their environmental, social and governance (ESG) data audited externally months before new regulations kick in, according to a new report from KPMG published on Tuesday. Stricter European Union, U.S. and global...
8:00 AM SPNB sues ex-CEO, contractors for alleged fraud, seeks over RM141 mil in damages

SPNB Aspirasi Sdn Bhd (SPNB Aspirasi), a wholly owned unit of national housing development company Syarikat Perumahan Negara Bhd (SPNB), has brought SPNB’s former CEO Datuk Ahmad Azizi Ali to court, alongside property developer Tunas Manja Development & Construction Sdn Bhd (TMDC) and 10 others on allegations of defrauding the government-owned entity.
7:17 AM Puncak drops suit against Selangor govt

PETALING JAYA: Puncak Niaga Holdings Bhd is discontinuing its RM14bil suit against the Selangor state government over an alleged forced takeover of the state’s water industry in March 2017.
tag stockPUNCAK +3.8%,
7:17 AM BDB, Pumar to jointly pursue solar ventures

PETALING JAYA: Bina Darulaman Bhd’s (BDB) wholly-owned subsidiary BDB Energy Sdn Bhd has signed a memorandum of understanding with Pumar Solar Power Sdn Bhd to jointly pursue solar opportunities in Malaysia.
tag stockBDB -1.6%,
7:17 AM Dialog to build and operate malic acid plant

PETALING JAYA: Dialog Group Bhd, via its indirect subsidiary Dialog Malic Acid Sdn Bhd, will build, own and operate a specialty chemical plant producing malic acid in Gebeng, Kuantan, Pahang.
tag stockDIALOG +0.9%,
7:17 AM Booming projects down south a boon for construction firms

PETALING JAYA: Construction activities in Johor will continue to benefit contractors over the next few years, with the future catalyst being the development of the Johor-Singapore special economic zone.
tag stockSUNCON 0%, GAMUDA -1.6%, GADANG 0%, KERJAYA +1.6%, TENAGA +0.8%,
7:17 AM Dear millennials, life’s hard – good luck

I HAVE always had the green-eyed monster for my boomer colleagues, the ones aged 59 to 77.
7:17 AM Bumi Armada signs PSC for Akia block

PETALING JAYA: Bumi Armada Bhd has signed a production sharing contract (PSC) with the Energy and Mineral Resources Ministry of Indonesia for the Akia PSC in the Tarakan Basin, North Kalimantan Province.
tag stockARMADA +3.6%,
7:17 AM Funds’ bullish bean bets tumble on sufficient world supplies

SPECULATORS have held bullish views toward Chicago soybeans for the last three-and-a-half years, though the optimism has soured this month as an enormous Brazilian bean crop has been satisfying global needs since early this year.
7:17 AM Money managers positive on equity market

PETALING JAYA: The prospects of weaker economic growth in the second half of the year (2H23), which could impact earnings and valuations on the local equity market, and global headwinds have not deterred money managers from being positive on its prospects.
7:17 AM Inflation under control, risks persist

PETALING JAYA: Malaysia’s consumer price index (CPI) growth will likely stay below 3% year-on-year (y-o-y) in the near term due to a high base of comparison from the previous year.
7:17 AM Where are we on the global minimum tax?

IN the upcoming Budget 2024 announcement on Oct 13, global minimum tax (GMT) is among the key tax proposals expected to be announced regardless of when Malaysia chooses to begin.
7:17 AM Vietnam Planning Ministry sees signs of improvement in SOEs

HANOI: There has been progress made with business management and operations of state-owned enterprises (SOEs) during the first eight months of 2023, according to the latest report by the Planning and Investment Ministry (MPI).
7:17 AM Core inflation gauges are falling in the United States and eurozone

WASHINGTON: Policymakers on each side of the Atlantic are likely to take comfort this week from a slowdown taking hold in key underlying measures of consumer-price growth.
7:17 AM EV maker Zeekr enters Europe amid subsidy spat

Gothenburg (Sweden): Electric-car maker Zeekr is banking on extra momentum from sister brands like Volvo Car AB to push into Europe, just as Chinese carmakers’ ambitions in the region move into the crosshairs of global trade tensions.
7:17 AM Rising oil prices irk global central banks

NEW YORK: Just a couple of months ago, emerging market (EM) assets were all the rage as inflation eased and interest rate cut bets surfaced. That trade has all but fizzled out.
7:17 AM Economists: Worst may be over for Thai baht

BANGKOK: Thailand’s baht may be poised for a rebound as analysts bet that growth measures announced by newly appointed Prime Minister Srettha Thavisin will bear fruit.
7:17 AM Stocks flash recession warning

NEW YORK: US small-cap and industrial stocks are dropping, typically signals of a recession, but in a year where equities have already beaten expectations some investors are dismissing the moves as little more than noise - for now.
7:17 AM Broad range of skills needed for green jobs

SINGAPORE: Money is pouring into “green” sectors across the region and creating thousands of new jobs in the process.
7:17 AM Millions to take to skies for long Golden Week

BEIJING: After a strong summer, China’s travel market is about to get another boost as the Golden Week holiday arrives. More than 21 million people are expected to take flights in the space of eight days, the equivalent of almost everyone in Australia getting on a plane in a little over a week.
7:17 AM China tourist visas soar with holidays on the horizon

BEIJING: Chinese travellers have shown ever-increasing enthusiasm for travelling abroad this year, and the trend is on track to become more prominent for the rest of the year, fuelling a growing demand for visa applications.
7:17 AM BP LNG project won’t start in time to boost winter supply

LONDON: As Europe seeks out imports of liquefied natural gas (LNG) to fill the gap left by Russia, one source of new supply won’t be ready in time for winter.
7:17 AM Vietnam stock market finds itself stuck in negative territory

HANOI: The Vietnamese stock market logged the second straight weekly fall last week, with the VN-Index breaking below the psychological level of 1,200 points. The bearish trend is expected to extend this week, say experts.
7:17 AM Australia warns of impact from sharper China slowdown

SYDNEY: The impact of a deeper economic deterioration in China will be mainly felt in Australia through weaker trade and reduced risk appetite in financial markets, Australian regulators say in a quarterly statement.
7:17 AM Qantas sets aside additional US$52mil to restore fliers’ faith

SYDNEY: Qantas Airways Ltd chief executive officer (CEO) Vanessa Hudson is starting work on trying to restore the airline’s battered reputation with increased spending on major customer bugbears such as on-board catering, call-centre staffing and loyalty-point flight redemptions.
7:17 AM Services sector shores up economic recovery

BEIJING: From cinemas to restaurants, China’s service sector has bounced back this year from a pandemic-induced downturn and is playing a great role in sustaining the economy’s broader recovery.
7:17 AM New models to sustain car sales for rest of 2023

KUALA LUMPUR: Total vehicle sales are expected to remain strong for the remainder of the year, supported by robust order backlogs, healthy booking trends, new model launches and facelifts to current models in the market.
7:17 AM Denting China’s rare earths dominance

HANOI: Vietnam plans to restart its biggest rare-earths mine next year with a Western-backed project that could rival the world’s largest, according to two companies involved, as part of a broader push to dent China’s dominance in a sector that helps power advanced technologies.
7:17 AM UK state bank swings to US$165mil loss on sliding tech prices

LONDON: The British Business Bank (BBB) swung to a loss of £135mil (US$165mil) in the year through March, as the United Kingdom’s state development bank was stung by the broader downturn in startup valuations.
7:17 AM Corporate bond market focuses more on quality

HANOI: The corporate bond market is developing towards a more in-depth approach, focusing on quality, says Nguyen Quang Thuan, chairman of FiinGroup.
7:17 AM Anger as Sunak weighs shortening rail link

London: Rishi Sunak faced growing anger from business leaders, politicians across the spectrum and even a major donor as he weighed whether to shorten a flagship rail project that may cost the UK £100bil.
7:17 AM Asia-Pacific economies to still see growth this year

KUALA LUMPUR: Amid a backdrop of weaker global trade and higher interest rates, economies across the Asia-Pacific region are poised for resilient growth in 2023, although weaker than in 2022.
7:17 AM A growth journey for ITMAX in Johor

PETALING JAYA: Analysts are upbeat on ITMAX System Bhd’s future earnings as the group picked up a second letter of award (LoA) for the provision of video surveillance with the Iskandar Puteri town council (MBIP) in Johor Baru.
tag stockITMAX +2.8%,
7:17 AM AI and digitalisation key to growing prospects, value for SMEs

GEORGE TOWN: Small and medium enterprises (SMEs) should embrace and harness technological advancements and artificial intelligence (AI) to optimise resources and enhance their value, emphasised industry experts during the Star Outstanding Business Awards (SOBA) LAB event held in Bukit Mertajam on Sept 21.
7:17 AM Capcom sees game sales in India passing China in a decade

Tokyo: Videogame studio Capcom Co may sell more copies of games in India than in China within a decade as the publisher behind the Resident Evil franchise looks to new markets for long-term growth, according to chief operating officer Haruhiro Tsujimoto.
7:17 AM Solarvest progresses in Vietnam with 11 solar projects

KUALA LUMPUR: Solarvest Holdings Bhd via its wholly-owned subsidiary, Solarvest (Vietnam) Co Ltd, has secured 11 rooftop solar photovoltaic (PV) installation projects in Vietnam, with a combined capacity of 12.8 megawatt-peak (MWp).
tag stockSLVEST -1.5%,
7:17 AM Impact of rising rice price negligible

KUALA LUMPUR: CGS-CIMB Research says it is maintaining its consumer price index (CPI) projection for Malaysia at 2.8% this year, as it believes the impact of the rising price of rice “still negligible on the index as the weightage is only at 1.1%.”
7:17 AM E&E sector to achieve RM120bil value-added target

KUALA LUMPUR: Malaysia Productivity Corp (MPC) is optimistic that the electrical and electronics (E&E) industry will continue its upward trajectory to achieve its targeted RM120bil added value by 2025.
7:17 AM No dividends for this quarter, says Astro

PETALING JAYA: Astro Malaysia Holdings Bhd has revised its dividend policy effective immediately from the financial year ending Jan 31, 2024.
tag stockASTRO -1.1%,
7:17 AM Senheng buys distribution centre for RM76mil

KUALA LUMPUR: Senheng New Retail Bhd has proposed to acquire a piece of land together with the buildings erected, which is currently being used as a central distribution centre (CDC), for RM75.8mil cash.
tag stockSENHENG +7.2%,
7:17 AM Measures to move support industry forward

HANOI: Vietnam’s support industry has grown steadily over the past decade to around 5,000 companies, producing components for domestic demand and exports.
7:17 AM No further coal-price shocks for Malakoff

PETALING JAYA: With coal prices having stabilised, the fuel margin shocks that impacted Malakoff Corp Bhd’s bottomline in the first half of financial year 2023 (1H23) are unlikely to recur, says Kenanga Research.
tag stockMALAKOF 0%,
7:17 AM FDI figures down but not out

PETALING JAYA: Since coming into power last November, the unity government has made it abundantly clear it is eager to keep Malaysia as a magnet for foreign investments.
7:17 AM MNRB’s strong results look to continue

PETALING JAYA: MNRB Holdings Bhd’s strong growth as seen in its recent financial results is expected to continue into the rest of the year.
tag stockMNRB -2.5%,
7:10 AM 投资人忧美国政府恐关门 美股涨势受限终场小升
7:07 AM S&P 500, Nasdaq close higher Monday, snapping four-day losing streaks
6:38 AM Goldman, Barclays tap startup for help disclosing clients’ bets

(Sept 26): A consortium of banks including Goldman Sachs Group Inc. and Barclays Plc are tapping an outside startup to help with their efforts to ensure they’re properly disclosing clients’ bets across different markets. Endoxa, a newly-formed group that also includes BNP Paribas SA and...
6:36 AM Oil headed for US$150 without US support for more drilling, shale CEO says

(Sept 26): Oil is headed as high as US$150 a barrel unless the US government does more to encourage exploration, according to Continental Resources Inc., the shale driller controlled by billionaire Harold Hamm. Crude output in the Permian Basin will one day peak as it already has in riv...
6:33 AM Cathie Wood shuns Nvidia for less ‘obvious’ AI software bets

(Sept 26): Cathie Wood, who heads Ark Investment Management, said there are better bets to tap into the exponential growth in artificial intelligence than Nvidia Corp., the chipmaker that’s seen its shares surge more than 180% this year. “We’re really focused on those companies that mos...
6:30 AM China’s ailing property market faces key test over Golden Week

(Sept 26): Chinese developers are counting on the upcoming Golden Week holiday period to spark a long-awaited revival in home sales, in the first key test of whether recent policy support is enough to arrest the slump. The eight-day national holiday starting Friday is the centerpoint of...
6:27 AM Wall Street posts gains as investors eye rate outlook

(Sept 26): Wall Street's main indexes posted gains on Monday, with increases in Amazon.com shares and the energy sector, as Treasury yields rose further and investors looked to economic data and Federal Reserve policymakers' remarks later in the week for clarity on the path for interest rates.
6:25 AM Global share index slips as investors absorb 'higher-for-longer' rate outlook

NEW YORK/LONDON (Sept 26): A global index of stocks fell slightly while Wall Street eked out a gain in Monday's choppy market as bond yields rose and investors continued to digest last week's central bank indications that interest rates would stay higher for longer. The dollar hit an 11...
6:21 AM Panama Canal to reduce water charges starting in October

PANAMA CITY (Sept 26): The Panama Canal Authority said on Monday a surcharge for water use it had applied to conserve water during a prolonged drought will be reduced starting October. The waterway has imposed a series of restrictions this year, including the maximum number of vessels a...
1:44 AM Only richest 20% of Americans still have excess pandemic savings

Americans outside the wealthiest 20% of the country have run out of extra savings and now have less cash on hand than they did when the pandemic began, according to the latest Federal Reserve study of household finances.
1:18 AM 【财经趣识】知识产权
1:18 AM 【独家】夏湄娟：与政府探讨安全标准 防范电动车火患挑战大
1:02 AM Evergrande crisis worsens as defaults pile up, ex-CEO detained

The crisis at China Evergrande Group deepened on Monday after the company’s mainland unit said it failed to repay an onshore bond, adding a new layer of uncertainty to the developer’s future as a restructuring plan with its offshore creditors teeters.
12:25 AM SAM Engineering, KNM, Astro, FM Global, TSH Resources, MPHB, Dialog, Senheng, Bina Darulaman, Bumi Armada, D&O, NTPM

Here is a brief recap of some corporate announcements that made the news on Monday, involving: SAM Engineering & Equipment (M) Bhd, KNM Group Bhd, Astro Malaysia Holdings Bhd, FM Global Logistics Holdings Bhd,TSH Resources Bhd, MPHB Capital Bhd, Dialog Group Bhd, Senheng New Retail Bhd, Bina Darulaman Bhd, Bumi Armada Bhd, D&O Green Technologies Bhd, and NTPM Holdings Bhd.
tag stockSAM -4.4%, KNM -4.0%, ASTRO -1.1%, FM -1.7%, TSH -2.0%, MPHBCAP 0%, DIALOG +0.9%, SENHENG +7.2%, BDB -1.6%, ARMADA +3.6%, D&O -0.6%, NTPM 0%,
12:17 AM 下跌股:帝与鸿 RM3.28支撑
tag stockD&O -0.6%,
12:17 AM 上升股:喜力大马 阻力RM25.16
tag stockHEIM -2.0%,
12:17 AM 热门股:安康耐力士 上挑RM1.18
tag stockANCOMNY 0%,
12:17 AM 纬钜集团挑战RM1.59/敏源
tag stockWELLCAL +2.8%,
12:17 AM 专家:安华访美效应 外来直接投资料大增
12:17 AM 方志民:促进良性竞争 应打破国稻垄断权
12:17 AM 关税局首任女总监阿妮丝
12:17 AM 刘镇东:迎合发展 预算案料打造大新山
12:17 AM 法米:外资对大马有信心 数字领域投资承诺374亿
12:15 AM Defi project Mixin Network suspends services after US$200 mil crypto hack

Decentralised finance project Mixin Network has suspended deposits and withdrawals after suffering a hack involving US$200 million (RM936.4 million) in crypto assets, the entity said through a post on X, the firm previously known as Twitter.
12:07 AM Ho Hup proposes 10% private placement to raise RM12.4 mil to pay sub-contractors, repay borrowings

Ho Hup Construction Co Bhd plans to undertake a private placement exercise of 10% of its share base to raise RM12.4 million, most of which is to be set aside to pay its sub-contractors.
tag stockHOHUP 0%,
12:01 AM Cypark co-founder and group CEO Daud Ahmad re-emerges as substantial shareholder

Cypark Resources Bhd co-founder and group chief executive officer Datuk Daud Ahmad has remerged as a substantial shareholder of the renewable energy and solid waste management company, only days after his status ceased.
tag stockCYPARK -1.5%,


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