Markets

Trading in Boustead Heavy Industries suspended pending announcement

Kuala Lumpur: Boustead Heavy Industries Corporation Bhd's (BHIC) shares were suspended from trading on Monday (Feb 9) at 9.31 am, pending an announcement.

Corporate News

Singapore reports higher investment commitment of S$14.2bil in 2025 - EDB

SINGAPORE: Singapore has secured S$14.2 billion investment commitments in 2025, an increase from S$13.5 billion (S$1=RM3.10) in 2024 amid a volatile global operating environment, according to the Economic Development Board (EDB).

Markets

Foreign investors continue as net buyers on Bursa Malaysia for 5th straight week

KUALA LUMPUR: Foreign investors remained net buyers on Bursa Malaysia for a fifth consecutive week, recording a modest RM15.0 million in net foreign inflows, roughly similar to the RM12.8 million recorded a week earlier, according to MBSB Investment Bank Bhd.

Corporate News

Taiwan says 40% shift of chip capacity to US is 'impossible'

TAIPEI: It would be "impossible" to move 40% of Taiwan's semiconductor capacity to the U.S., the island's top tariff negotiator said, pushing back against recent comments by American officials who called for a major production shift.

Markets

Asia rallies as Japan shares surge to record peak

SYDNEY: Asian markets leapt higher on Monday as a resounding win for Japanese Prime Minister Sanae Takaichi whetted appetites for more reflationary policies, while there was widespread investor relief at Wall Street's last gasp rebound.

Banking

Singapore bank DBS Q4 net profit misses forecasts, flags rate headwinds in 2026

SINGAPORE: Singapore's biggest bank DBS Group on Monday maintained expectation that net profit this year will dip slightly from 2025's, after posting a 10% drop in fourth-quarter earnings that was weighed down by a lower net interest margin.

Forex

Ringgit opens little changed against US$ on mixed global sentiment

KUALA LUMPUR: The ringgit opened nearly unchanged against the US dollar on Monday, as mixed global sentiment capped gains while investors assessed political developments and major currency moves.

Markets

FBM KLCI tracks strong Wall Street recovery

KUALA LUMPUR: The FBM KLCI rose strongly on Monday, tracking Wall Street's Friday bounce as fears over AI's disruptive impact on the tech sector eased.

Corporate News

Trading ideas: CIMB, Affin, WCT, Ireka, Midtown, AWC, Matang, AutoCount, Greentronics, Teladan, PLS, Sapura Industrial, IJM, Senheng, Bank Islam, GDB

KUALA LUMPUR: CIMB Group Holdings Bhd has deployed more than RM4.2bn within the Johor–Singapore Special Economic Zone to support customers and society through cross-border growth and SME expansion.

Forex

Yen slide deepens as Takaichi triumph in Japan election paves the way for more stimulus

SINGAPORE: The yen extended a string of recent losses in early Asian trading on Monday after Japanese Prime Minister Sanae Takaichi swept to victory in Sunday's election, easing the path to further fiscal stimulus.

Markets

Purbaya pushes back against rating warning

JAKARTA: Indonesia's Finance Minister Purbaya Yudhi Sadewa pushed back after Moody's Ratings lowered the outlook on the nation's credit rating to "negative" and triggered further selling of local stocks, bonds and the rupiah.

Markets

Bursa poised for selective bargain-hunting this week 

KUALA LUMPUR: Bursa Malaysia is expected to trade with selective bargain-hunting, even in the absence of oversold technical conditions, following three consecutive sessions of mild decline, says an economist.

Commodities

Malaysia to remain reliable palm oil supplier to India 

PUTRAJAYA: Prime Minister Datuk Seri Anwar Ibrahim has reaffirmed Malaysia's commitment to remain a reliable supplier of sustainable palm oil to India.

Corporate News

Capital A eyes HK listing, subsidiary spin-offs

PETALING JAYA: Maybank Investment Bank Research (Maybank IB) has maintained a "buy" call on Capital A Bhd, citing its various corporate exercises.

Economy

Overcapacity a concern for rubber glove sector

PETALING JAYA: The rubber glove sector is unlikely to see meaningful recovery despite improving utilisation rates, as persistent overcapacity and pricing pressure continue to weigh on the industry, says BIMB Research.

Cryptocurrency

Bitcoin loses gains as crypto market volatility signals uncertainty

BITCOIN could drop further after wiping out all of its price gains since the election of US President Donald Trump as liquidity is expected to remain thin for the near future.

Commodities

If I were a rat in an oil palm estate

IF I were a rat in an oil palm estate, I would wake before dawn – long before your estate bell, your WhatsApp reminders, or your morning musters with kopi still too hot to drink.

Economy

Interim framework brings US, India closer to broader trade deal

WASHINGTON: The United States and India moved closer to a trade pact, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation as both countries seek to realign global supply chains.

Forex

Ringgit likely to trade in tight range amid data wait

KUALA LUMPUR: The ringgit is expected to trade in a tight range, hovering around RM3.95 to RM3.96 this week, as the market anticipates more catalysts, including the upcoming US economic data.

Economy

US$85mil Vietnamese industrial park breaks ground

HANOI: Construction of Phase 1 of the Hai Long Industrial Park (VSIP Nam Dinh) infrastructure project has officially begun last Friday.