Latest
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Economy
US job growth misses expectations in June; unemployment rate falls to 4.2%
WASHINGTON: U.S. job growth slowed more than expected in June and data for the prior month was revised lower, but the unemployment rate fell to 4.2%, pointing to continued labour market stability.
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Corporate News
Bain, KKR, KV Asia shortlisted for Malaysia's Avisena stake sale; firm valuation is RM1.5bil, sources say
SINGAPORE: Bain Capital, KKR and KV Asia Capital have been shortlisted to buy a minority stake in Avisena Healthcare in a deal that could value the Malaysian healthcare firm at about RM1.5bil, two people with direct knowledge of the matter said.
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Corporate News
Favelle Favco secures supply contracts worth RM504mil
PETALING JAYA: Favelle Favco Bhd's wholly-owned subsidiary Favelle Favco Cranes (M) Sdn Bhd has secured three crane supply contracts worth RM504mil, supported by demand from artificial intelligence (AI)-related infrastructure projects.
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Corporate News
Pertama Digital classified as PN17 company
KUALA LUMPUR: Bursa Malaysia Securities Bhd has announced that Pertama Digital Bhd has been classified as a Practice Note 17 (PN17) company after meeting the criteria under Paragraph 2.1(a) of PN17 of the Main Market Listing Requirements.
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Energy
TotalEnergies sells minority stake in Malaysia's Marjoram gas field for US$350mil
KUALA LUMPUR: TotalEnergies has agreed to sell its minority non-operated interest in the Marjoram gas field offshore Malaysia to INPEX for US$350mil as part of its portfolio optimisation strategy.
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Corporate News
Southern Cable secures RM403.6mil TNB supplementary contract
PETALING JAYA: Southern Cable Group Bhd has secured a supplementary RM403.6mil supply contract from Tenaga Nasional Bhd (TNB).
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Corporate News
Key Alliance ceases to be substantial shareholder of XOX
KUALA LUMPUR: Key Alliance Group Bhd (KAG) has ceased to be a substantial shareholder of XOX Bhd after disposing of 5.02 million ordinary shares in the company on June 26.
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Corporate News
Singapore's PK Green Fund acquires 9.02% stake in Jentayu Sustainables
KUALA LUMPUR: Singapore-based PK Green Fund has emerged as a substantial shareholder of Jentayu Sustainables Bhd (JSB) after acquiring a 9.018% stake in the company.
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Forex
Ringgit closes higher against US dollar, regional currencies
KUALA LUMPUR: The ringgit ended higher against the US dollar and regional currencies today as the greenback remained subdued following a lack of clear guidance on the United States interest rate outlook.
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Markets
Ekonusa eyes ACE Market listing
PETALING JAYA: Ekonusa Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.
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Corporate News
Teo Seng Capital appoints Nam Ya Jun as MD
PETALING JAYA: Teo Seng Capital Bhd has appointed Nam Ya Jun as its managing director.
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Business
Federal Court rejects ex-Patimas director's insider trading appeal
PETALING JAYA: The Federal Court has dismissed an application by former Patimas Computers Bhd executive director Datuk Ng Back Heang for a leave to appeal in an insider trading case.
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Corporate News
Karyon acquires industrial land in JB for RM8.6mil
PETALING JAYA: Karyon Industries Bhd (KIB) is proposing to acquire a piece of freehold industrial land measuring 3,587 sq metres in Johor Baru, Johor, from Tanah Temasik Sdn Bhd for RM8.6mil.
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Markets
FBM KLCI rebounds as bargain hunting ends three-session losing streak
KUALA LUMPUR: The FBM KLCI rebounded on Thursday, snapping a three-session losing streak as bargain hunting lifted the benchmark index despite continued weakness in the broader market.
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Markets
China stocks hit three-week low as chipmakers tumble; Hong Kong shares rebound
HONG KONG: Chinese stocks fell to a three-week low on Thursday, dragged down by a sharp selloff in chipmakers. Hong Kong shares rebounded on a recovery in internet heavyweights.
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Banking
Singapore's DBS, Samsung Securities plan Asia wealth management tie-up
SINGAPORE: Singapore bank DBS and Samsung Securities said on Thursday they have signed a preliminary deal to explore a wealth management partnership aimed at giving clients wider access to investments in South Korea and global markets.
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Markets
South Korea, Taiwan stocks fall as investors reassess AI bets; FX muted
AI-linked markets in South Korea and Taiwan fell on Thursday, with Seoul's benchmark dropping as much as 8%, as concerns over potential overcapacity prompted investors to pare semiconductor holdings.
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Auto
Proton posts strongest first-half sales in 15 years, surpasses 100,000 units
KUALA LUMPUR: Proton Holdings Bhd recorded its strongest first-half sales performance in 15 years after delivering more than 100,000 vehicles in the first six months of 2026.
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Energy
Oil falls for a third straight day after US, Iran conclude talks in Doha
SINGAPORE: Oil prices dropped about 1% on Thursday, down for a third consecutive day, after Qatar said Iran and the U.S. had made progress in indirect talks focused on the Strait of Hormuz, which handled one-fifth of global oil supply before the war.
