Corporate News

MGB bags RM200.74mil centralised labour quarters job

PETALING JAYA: MGB Bhd has accepted a letter of award from Lien Dak Builders Sdn Bhd for the proposed development of centralised labour quarters in Seberang Perai Selatan, Penang for RM200.74mil.

Banking

Bank Negara fines Bank Rakyat RM1mil for cybersecurity, customer information protection breaches

KUALA LUMPUR: Bank Negara Malaysia (BNM) has imposed an administrative monetary penalty (AMP) of RM1 million on Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) for cybersecurity and customer information protection breaches on Jan 20, 2026.

Banking

Malaysia’s banks remain resilient, ready to support customers amid global uncertainties

PETALING JAYA: The Association of Banks in Malaysia (ABM) has reassured that Malaysia's banking industry remains strong and resilient.

Markets

Bursa Malaysia surges as Middle East tensions show signs of easing

KUALA LUMPUR: Bursa Malaysia joined a global rally on Wednesday, tracking gains across regional markets after US President Donald Trump said the war with Iran could end within two to three weeks.

Corporate News

Zecon appoints Mohamad Morshidi as chairman

PETALING JAYA: Zecon Bhd has announced the appointment of Tan Sri Mohamad Morshidi Abdul Ghani as its new chairman.

Business

Airwallex secures regulatory approval to expand payment services in Malaysia

KUALA LUMPUR: Airwallex said on Wednesday it has received approval from Malaysia's central bank for licences to carry out e-money issuance, currency exchange and remittance services, allowing it to offer a full suite of payment services in the country.

Commodities

Gold ticks up as dollar slips on Mideast de-escalation hopes

GOLD prices rose on Wednesday to their highest in nearly two weeks, supported by a weaker dollar following U.S. President Donald Trump's statement that the war with Iran could wind down in weeks.

SME

CapBay wins Best Social Loan award, boosting SME financing access

CAPBAY, Malaysia's leading fintech specialising in supply chain finance, has been recognised with the Best Social Loan (SME) award, adding yet another feather to its cap.

Energy

Oil slides as Middle East uncertainty keeps markets on edge

SINGAPORE: Oil tumbled more than 3% on Wednesday, reversing earlier gains as persistent Middle East volatility unnerved markets even amid reports the U.S.-Israeli war with Iran could be winding down.

Banking

SME Bank’s financing approvals rise 19% to RM4.3bil, boosting MSME growth

PETALING JAYA: Small Medium Enterprise Development Bank Malaysia Bhd (SME Bank) reported strong 2025 results, with total approved financing rising 19% year-on-year (y-o-y) to about RM4.3bil.

Energy

PETRONAS seeks to bring forward first CO2 injection at Kasawari to 2027

KUALA LUMPUR: PETRONAS is looking to bring forward the first carbon dioxide (CO2) injection for its carbon capture and storage (CCS) project at the Kasawari gas field, offshore Sarawak, to as early as 2027.

Corporate News

YTL Cement launches RM2.60 offer for CEPCO after securing 53.5% stake

KUALA LUMPUR: Concrete Engineering Products Bhd (CEPCO) has received an unconditional mandatory take-over offer from YTL Cement Bhd at RM2.60 a share in cash.

Economy

Malaysia’s manufacturing sector returns to growth as PMI rises to 50.7

KUALA LUMPUR: Malaysia's manufacturing sector returned to expansion in March, with the S&P Global Malaysia Manufacturing Purchasing Managers' Index (PMI) rising to 50.7 from 49.3 in February.

Nation

Malaysia's electricity rebates fall to 0.47 sen/kWh for April

PUTRAJAYA: Malaysia's fuel costs have shifted sharply, with electricity rebates known as the Automatic Fuel Adjustment (AFA) that once peaked at almost 9 sen per kilowatt hour (kWh) in November, has now fallen to just 0.47 sen/kWh for April, says the Energy Commission.

Economy

Chengdu seen as frontier for Malaysian exporters

MALAYSIA is looking to deepen its economic footprint in western China, with Chengdu and the surrounding region seen as a dynamic frontier for Malaysian exporters, the country's consul general to Kunming said on Thursday.

Corporate News

Sime Property awards additional RM658.01mil hyperscale data centre works to IJM

KUALA LUMPUR: Sime Darby Property Bhd said its subsidiary Sime Darby Property (EBP Asset II) Sdn Bhd has issued a contract valued at RM658.01mil to IJM Construction Sdn Bhd as an extension of works previously awarded for a hyperscale data centre at Elmina Business Park in Selangor.

Markets

Bursa joins surge in global stocks as Trump lays out timeline to leave Iran

KUALA LUMPUR: The FBM KLCI ended the early session 0.9% higher as global equities rallied after US President Donald Trump set a timeline for an end to the Middle East conflict.

Economy

Asia's factory activity slows on cost pressure from Iran war

TOKYO: Many Asian economies saw factory activity slow in March, business surveys showed on Wednesday, a sign surging fuel costs and heightening global uncertainty from the Iran war were taking a toll on the region.

Markets

Japan's Nikkei jumps 4% on Trump's talk of timeline to end Middle East war

TOKYO: Japan's Nikkei share average rose nearly 4% on Wednesday, supported by hopes of a de-escalation in the Middle East conflict after U.S. President Donald Trump said the war with Iran could end in two to three weeks.

Markets

Asia markets rally on optimism Iran war could end soon

SINGAPORE: Stocks and bonds rallied and the dollar wallowed at the start of the Asian trading session on Wednesday on hopes of a de-escalation in the Iran conflict, while significantly better-than-expected economic data for March propelled a rebound in Korean and Japanese shares.