Construction sector poised for growth under 13MP with RM430bil boost

RHB Investment Bank Bhd has maintained its “Overweight” rating on the construction sector, anticipating a stronger pipeline of development expenditure (DE) under the 13th Malaysia Plan (13MP), which was tabled in Parliament yesterday. In a research note, the firm said…

Asia shares, yen weather Japan uncertainty as earnings loom

Asian shares and the yen held their ground on Monday as Japanese elections proved bad for the government but no worse than already priced in, while Wall Street futures braced for earnings from the first of the tech giants. Investors…

Stocks rise on tariff optimism, London hits record high

Stock markets mostly rose Thursday on optimism that governments would reach deals to avoid US tariffs, with London hitting a record high. London’s FTSE 100 index jumped one percent in morning trading, lifted also by a surge in mining stocks…

Eogene bounces back to reach Canada Open main draw

Eogene Ewe showed strong resolve to bounce back from last week’s early exit at the US Open by booking his place in the main draw of the Canada Open. The world No. 98 cleared both his qualifying hurdles at the…

Analysts predict modest 2025 export growth for Malaysia

Some analysts expect Malaysia’s export growth to moderate between 2.0 per cent and 3.1 per cent this year, reflecting a cautious outlook in light of persistent trade uncertainties. MIDF Research projects export growth to slow to 2.0 per cent in…

Asian equities rise ahead of US-China trade talks, FX largely flat

Most emerging Asian equities rose on Monday ahead of the crucial trade talks between the US and China in London later in the day, while regional currencies remained subdued against a steady dollar. Top trade representatives from Washington and Beijing…

Bursa Malaysia down ahead of key US data releases

Bursa Malaysia ended lower today, pressured by selling activity amid cautious market sentiment as investors await key US economic data releases later this week. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.68 points or 0.18 per cent…

Asian currencies rally as weak US data raises prospect of more Fed cuts

The Indonesian rupiah led a broader advance across Asian currencies on Friday as the US dollar retreated, with Treasury yields tumbling after lacklustre US economic data reaffirmed expectations for more Federal Reserve policy easing. The rupiah strengthened as much as…

Ringgit rises on softer dollar, lower US yields

The ringgit rose against the US dollar in early trade on Wednesday, bolstered by a weaker US dollar index (DXY) and a drop in US Treasury yields, signalling persistent risk-off sentiment. At 8am, the local note strengthened to 4.2120/2300 versus…

Malaysia targets RM200b in property transactions for 2025

Malaysia is targeting RM200 billion in property transaction value this year, driven by an expanding middle class and sustained demand for residential spaces. Housing and Local Government Minister Nga Kor Ming said the government remained cautious and aware of the…

Factories around the world brace for Trump tariffs

Factories around the world, from Japan to Britain to the United States, saw activity slump in March as businesses braced for new US tariffs, though some saw a bounce in the race to get goods to customers before the new…

Rosman banking on Pearly-Thinaah to deliver at Sudirman Cup 3049

National women’s doubles coach Rosman Razak has declared that Pearly Tan-M. Thinaah will deliver the points to help Malaysia reach the Sudirman Cup quarter-finals in Xiamen, China, on April 27-May 4. Malaysia, who are in a tough Group C with…

Trump’s trade war salvo jolts markets

Investors bought dollars, sold stocks and fretted about inflation on Monday in a scramble to assess the risk of trade war after Donald Trump put tariffs on top US trading partners. Trump’s orders for additional levies of 25 per cent…

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