Global stock index edges down, silver and oil extend losses

MSCI’s global equities gauge edged lower on Monday, even as Wall Street provided some support. The dollar strengthened, while investors continued to sell off precious metals. Markets are also bracing for a busy week ahead, with corporate earnings, central bank…

Seremban Sentral TOD set to drive RM300mil revenue, create 2,500 jobs

The RM2 billion Seremban Sentral Transit-Orientated Development (TOD) is projected to generate up to RM300 million in annual business revenue and create about 2,500 new jobs spanning healthcare, retail, logistics, tourism, and services sectors. The integrated development is expected to…

Ringgit opens higher on weaker US dollar

The ringgit opened higher against the US dollar on Thursday as the greenback tracked the US Dollar Index, which remained below the 100-point mark. At 8am, the ringgit strengthened to 4.1255/1395 versus the US dollar from Wednesday’s close of 4.1360…

Oil falls after loadings resume at key Russian export hub

Oil prices fell in early Asian trade on Monday, erasing last week’s gains, as loadings resumed at the key Russian export hub of Novorossiysk after a two-day suspension at the Black Sea port that had been hit by a Ukrainian…

APAC growth to outpace other regions despite US tariffs

US tariffs are hitting exports from China and the rest of the Asia-Pacific (APAC) region, but Fitch Ratings expects growth in the region to remain higher than in other parts of the world. The firm said that a weaker US…

Bursa Malaysia starts higher, FBM KLCI climbs above 1,600

Bursa Malaysia opened higher on Monday, with the FTSE Bursa Malaysia KLCI (FBM KLCI) rising above the key 1,600 level, buoyed by positive sentiment from Wall Street. At 9.05 am, the FBM KLCI was up 2.86 points at 1,601.09, following…

Gas Malaysia pushes green energy drive with new biomethane plants

Gas Malaysia Bhd has awarded engineering, procurement, construction and commissioning (EPCC) contracts for its biomethane purification plants in Trong and Air Kuning in Perak to MTC Orec Sdn Bhd and Enproserve (M) Sdn Bhd. Scheduled for completion within 13 months,…

Alibaba soars but Asia markets dip

Chinese ecommerce giant Alibaba boosted the Hang Seng on Monday, but other Asian markets mostly fell back after Wall Street retreated from record highs. Alibaba rocketed 15 per cent following bumper results after hours on Friday, including a surge in…

HLIB lifts Southern Cable target price to RM2.17 on stronger outlook

Southern Cable Group Bhd’s strong performance this quarter is expected to sustain into the second half of 2025, boosted by capacity expansion and major project deliveries, Hong Leong Investment Bank Bhd (HLIB) said. The research house said the ramp-up of…

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