Newsfeed – Business News
Axiata FY25 net profit falls to RM364.6mil on impairments and disposals
KUALA LUMPUR: Axiata Group Bhd’s net profit fell to RM364.62 million for the financial year ended Dec 31, 2025 (FY2025), from RM946.82 million in the preceding year, due to one-off […]
Kenanga Group launches Malaysia’s first tokenised money market funds
KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga IB) and US-based non-profit Stellar Development Foundation have introduced Myrra, a dedicated token platform that leverages the Stellar blockchain to enable the tokenisation […]
MSM swings to RM397.25mil loss in FY25 on asset impairment
KUALA LUMPUR: MSM Malaysia Holdings Bhd swung to a net loss of RM397.25 million for the financial year ended Dec 31, 2025 (FY2025) from a net profit of RM31.25 million […]
Shein to strengthen supply chain with major investment in Guangdong
CROSS-border e-commerce platform Shein pledged on Tuesday to invest more than 10 billion yuan ($1.46 billion) over the next three years to strengthen its supply chain in Guangdong province, a […]
Maybank’s net profit rises to RM10.51bil in FY25, declares 33c div/share
KUALA LUMPUR: Malayan Banking Bhd (Maybank) charted 4.2% year-on-year (y-o-y) net profit growth to RM10.51bil in the financial year ended Dec 31, 2025, on the back of steady income growth […]
Sime Darby records net profit jump to RM431mil in 2Q
KUALA LUMPUR: Sime Darby Bhd posted an earnings jump in the second quarter of its financial year ended Dec 31, 2025 (2QFY25), on the back of a record pre-tax profit […]
Malaysia’s PPI decreases 2.9% in Jan 2026
KUALA LUMPUR: Malaysia’s Producer Price Index (PPI) dropped 2.9 per cent in January 2026, after recording a 2.7 per cent decrease in the previous month, according to the Department of […]
HSBC kicks off Singapore insurance business sale, eyes over US$1 bil value, sources say
HONG KONG: HSBC has started the sale process for its Singapore life insurance product manufacturing business with the hiring of an adviser, and is hoping for the deal to be […]
Financial planning firm Whitman makes its debut on LEAP Market
KUALA LUMPUR: Financial planning and retirement advisory firm Whitman Holdings Bhd debuted on the LEAP Market of Bursa Malaysia Securities Bhd today, with the company saying it intends to play […]
Affin Bank posts higher FY25 net profit of RM540.19mil
KUALA LUMPUR: Affin Bank Bhd posted a net profit of RM540.19mil in the financial year ended Dec 31, 2025, as compared to RM509.7mil in the previous year on the back […]