Newsfeed – Business News
Pan Merchant aims to raise RM67.6mil from IPO
KUALA LUMPUR: Solid-liquid filtration solutions provider Pan Merchant Bhd aims to raise RM67.6 million from its initial public offering (IPO) en route to a listing on the ACE Market of […]
Bursa Malaysia appoints Azizan Abd Aziz as new CFO
KUALA LUMPUR: Bursa Malaysia Bhd has appointed Azizan Abd Aziz as its new chief financial officer (CFO), starting from Aug 1, 2025. Read full story Date: 6 June, 2025 3:03 […]
FBM KLCI sees muted trading action ahead of the weekend
KUALA LUMPUR: Trading on Bursa Malaysia remained subdued ahead of the weekend as investors awaited the release of US payrolls data, a key indicator of economic health amid the ongoing […]
PETRONAS subsidiaries mostly lower in early session amid workforce cut announcement
KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) four listed subsidiaries among Bursa Malaysia’s top 30 showed mixed performance in early trading amid its plan to cut 10 per cent of its […]
Lack of trading interest snuffs out market rally
KUALA LUMPUR: A two-day rally on the domestic market fizzled out by Friday as the FBM KLCI opened on a flat note amid an absence of positive catalysts. Read full […]
Ringgit advances vs US$ amid weak US data and tariff concerns
KUALA LUMPUR: The ringgit continues to strengthen against the US dollar on Friday, as the United States (US) economic data points to further weakening amid concerns over tariffs and fiscal […]
OCBC offers US$700mil for remaining 6.28% of insurer Great Eastern
OVERSEA-Chinese Banking Corp is now offering to buy out the chunk of insurer Great Eastern that it does not already own, for S$900 million ($699.90 million), almost a year after […]
US stocks end down as Tesla slumps on Trump-Musk feud
Wall Street’s stock indices ended lower on Thursday in choppy trade as a slump in Tesla shares offset news of progress in tariff talks between US President Donald Trump and Chinese leader […]
Oil settles up as US, China agree to more trade talks
Oil prices settled higher on Thursday, recovering from the previous day’s drop, on news that the US and China agreed to more trade talks following a phone call between US President […]
AMMB returns to the FBM KLCI, HLFG excluded
KUALA LUMPUR: AMMB Holdings Bhd will replace Hong Leong Financial Group Bhd on the FBM KLCI, following a semi-annual review of the index. Read full story Date: 6 June, 2025 […]