Corporate News

Ann Joo to dispose of its 51% stake in waste management firm for RM15mil

PETALING JAYA: Ann Joo Resources Bhd is proposing to dispose of its 51% stake in Bumi Segar Indah Sdn Bhd (BSI) to Ng Kwok Siong and DSI Northern Source Sdn Bhd for RM15.1mil.

Business

MSPO certification rate for oil palm estates reaches 90%

KUALA LUMPUR: About 90 per cent of estates in the palm oil sector have obtained the Malaysian Sustainable Palm Oil (MSPO) certification, while independent smallholders have reached 85 per cent, said Minister of Plantation and Commodities Datuk Seri Dr Noraini Ahmad.

Corporate News

Express Powerr secures contracts worth RM8.3mil for a public transportation project in Sarawak

PETALING JAYA: Express Powerr Solutions (M) Bhd has accepted three letters of awards for the supply, installation, testing and commissioning of generator sets for a public transportation project in Sarawak with an aggregate value of approximately RM8.3mil.

Corporate News

TMC Life Sciences returns to profitability

PETALING JAYA: TMC Life Sciences Bhd is optimistic on achieving its growth targets on increased capacity and ongoing expansion at the Thomson Hospital Kota Damansara.

Corporate News

YX Precious Metals posts over fourfold jump in 4Q profit

KUALA LUMPUR: YX Precious Metals Bhd's net profit rose more than fourfold to RM7mil in the fourth quarter ended Dec 31, 2025, from RM1.6mil a year earlier.

Forex

Ringgit higher against US dollar on strong December IPI

KUALA LUMPUR: The ringgit traded higher against the US dollar on Monday after Malaysia's December Industrial Production Index (IPI) came in above market expectations, signalling that the domestic economy remains on a firm footing.

Business

Malaysian firms urged to tap opportunities in rapidly expanding Indian market

KUALA LUMPUR: Malaysian businesses are encouraged to explore opportunities across various sectors in India, including semiconductor, energy and agriculture, following the elevation of bilateral ties to a comprehensive strategic partnership in 2024.

Corporate News

Malaysian Pacific Industries posts higher 2Q net profit of RM57.09mil

KUALA LUMPUR: Malaysian Pacific Industries Bhd (MPI) has posted a higher net profit of RM57.09 million in the second quarter (2Q) ended Dec 31, 2025 compared with RM40.03 million in the same period last year.

Corporate News

BAT reports higher 4Q25 earnings

PETALING JAYA: British American Tobacco (Malaysia) Bhd's (BAT) net profit for the fourth quarter ended Dec 31, 2025 jumped to RM121.2mil from RM48.97mil in the previous corresponding period, while revenue surged to RM947.98mil from RM653.03mil a year earlier.

Corporate News

CSC Steel sees firmer steel market in 2026, stays disciplined on costs

KUALA LUMPUR: CSC Steel Holdings Bhd will continue to adopt a disciplined approach in navigating the steel market in 2026, with a focus on cost efficiency, selective inventory management and operational excellence amid improving global demand conditions.

Corporate News

WWF-Malaysia, SD Guthrie pilot five-year regenerative palm oil programme in Sabah

KUALA LUMPUR: World Wide Fund for Nature Malaysia (WWF-Malaysia) and SD Guthrie Bhd have launched a five-year regenerative agriculture pilot for palm oil in Sabah, marking the first initiative of its kind for the industry.

Markets

Hock Soon IPO draws 1.36x public subscription ahead of Feb 13 listing

KUALA LUMPUR: Main Market-bound Hock Soon Capital Bhd's public portion of its initial public offering (IPO) was subscribed 1.36 times ahead of its listing on Bursa Malaysia Securities Bhd.

Markets

FBM KLCI advances as strong regional gains lift sentiment

KUALA LUMPUR: The FBM KLCI advanced on Monday, moving in line with a strong regional market performance as most major Asian indices posted solid gains by the close.

Energy

Oil drops more than 1% as US-Iran talks ease supply worries

SINGAPORE: Oil prices fell more than 1% on Monday as fears of a Middle East conflict eased after the U.S. and Iran pledged to continue indirect talks about Tehran's nuclear programme, calming worries about potential supply disruptions.

Forex

Yuan hits fresh 33-month high after report of regulators warning on US Treasury risk

SHANGHAI: China's yuan edged higher to a fresh 33-month high against the U.S. dollar on Monday, after a report that regulators have advised financial institutions to curb their U.S. Treasury exposure, while the greenback weakened on rate cut expectations.

Corporate News

Kinergy secures hydropower virtual PPA with Safran

KUALA LUMPUR: Sustainable energy solutions provider Kinergy Advancement Bhd has signed a corporate virtual power purchase agreement (VPPA) with Safran Landing Systems Malaysia to leverage hydropower assets to provide a stable, dispatchable green energy supply. 

Energy

Sabah strengthens oil and gas position with 20% stake in North Sabah EOR PSC

KOTA KINABALU: Sabah's role as a strategic player in the oil and gas industry is further solidified after it acquired 20% participating interest in the North Sabah Enhanced Oil Recovery Production Sharing Contract (EOR PSC), this year.

Banking

Bank Negara's international reserves amounted to US$126.9bil as at Jan 30

KUALA LUMPUR: The international reserves of Bank Negara Malaysia amounted to US$126.9 billion as at Jan 30, 2026, compared with US$125.6 billion as at Jan 15, 2026.

Commodities

Gold, silver extend gains on softer dollar; investors eye US economic data

Gold and silver extended gains on Monday, with the yellow metal trading just above $5,000 per ounce as the dollar dipped, while investors awaited key U.S. jobs and inflation data due later in the week to gauge the interest rate trajectory.

Telcos

Singapore says cyber espionage group targeted telco infrastructure

SINGAPORE: Singapore's four telecom companies, Singtel, StarHub, M1 and Simba Telecom, were targeted by cyber espionage group UNC3886 in attacks last year, Singapore's Cyber Security Agency said on Monday.