Newsfeed – Business News
SCIB cancels RM49mil facility following strategic divestment
PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) has cancelled a financing facility of up to RM49mil with Malaysian Industrial Development Finance Bhd (MIDF) following the strategic divestment of its manufacturing […]
GuocoLand’s major shareholder proposes RM1.10-per-share privatisation
KUALA LUMPUR: GuocoLand (M) Bhd has received a proposal from its controlling shareholder, GLL (Malaysia) Pte Ltd, to privatise the company at RM1.10 per share via a selective capital reduction […]
Propel Global signs MoU with Sabah Energy and Reservoir Link for gas-to-power project
PETALING JAYA: Propel Global Bhd entered into a memorandum of understanding (MoU) with Sabah Energy Corporation Sdn Bhd (SEC) and Reservoir Link Energy Bhd to jointly explore the development of […]
Gold set for biggest daily gain since 2008 after two-session rout
Gold surged over 5% on Tuesday, on track for its biggest daily gain since November 2008, while silver also jumped as precious metals staged a comeback after their steepest two-day […]
FBM KLCI closes higher amid cautious regional optimism
KUALA LUMPUR: The FBM KLCI ended the first trading day of the month higher, tracking firmer regional markets as investors cautiously reassessed risk after market jitters a day earlier. Read […]
MSM Malaysia appoints Mazatul ’Aini as group CEO
KUALA LUMPUR: MSM Malaysia Holdings Bhd has appointed Dr Mazatul ‘Aini Shahar Abdul Malek Shahar as its group chief executive officer, effective Feb 4, 2026. Read full story Date: 3 […]
Emico announces fire at its Penang plant
PETALING JAYA: Emico Holdings Bhd has announced that a fire has occurred at one of its two manufacturing plants in Bayan Lepas, Penang. Read full story Date: 3 February, 2026 […]
Prominent Malaysian businessman Koon Yew Yin passes away at 93
KUALA LUMPUR: Prominent businessman and philanthropist Koon Yew Yin passed away in Ipoh on Monday at the age of 93. Read full story Date: 3 February, 2026 5:00 pm Source: […]
India-US trade deal slashes tariffs, lifts exports and markets
NEW DELHI: U.S. President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting […]
Malaysia poised to emerge as global physical gold trading hub
KUALA LUMPUR: Malaysia has a strong potential to emerge as a global physical gold trading hub, supported by a business-friendly policy environment, an integrated industry ecosystem and the upcoming Malaysia […]