Newsfeed – Business News
Adnex opens with 25% premium at 25 sen on ACE Market debut
KUALA LUMPUR: Adnex Group Bhd opened at 25 sen per share in its ACE Market debut, representing a 25 per cent premium over its initial public offering (IPO) price of […]
FBM KLCI rallies as US tech lifts sentiment
KUALA LUMPR: Malaysia’s benchmark index rebounded as a rally in US tech stocks provided some temporary distraction from the downside pressure of rising oil prices and armed conflict in the […]
Australia central bank hikes rates in tight call as Iran war stokes inflation risk
SYDNEY: Australia’s central bank raised its cash rate for a second straight month on Tuesday, saying higher borrowing costs were needed to contain inflation, though a very tight vote suggested […]
Compasia targets RM400mil-RM500mil Main Market IPO in 1H 2027
KUALA LUMPUR: Integrated refurbished technology leader CompAsia Sdn Bhd is set to launch its Main Market initial public offering (IPO) on Bursa Malaysia in the first half of 2027 (1H […]
Oil climbs over 2% as Iran war halts supply
OIL prices rose more than 2% on Tuesday, reversing some of the previous session’s losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing […]
TPG establishes One Aged Care to deliver integrated care services
KUALA LUMPUR: TPG, a leading global alternative asset management firm, has announced the establishment of One Aged Care, a senior healthcare services group operating across Singapore and Malaysia. Read full […]
Pos Malaysia sees 15-20% rise in Raya parcels, hijabs among top items sent
KUALA LUMPUR: Pos Malaysia Bhd expects parcel volumes to increase by between 15 per cent and 20 per cent during the Hari Raya Aidilfitri period this year compared with ordinary […]
Bursa rises slightly on US tech rally, oil crisis remains in focus
KUALA LUMPUR: Traders on Bursa Malaysia were cautiously optimistic about the AI-driven push in US markets overnight as the ongoing crisis in the Middle East continued to dominate the investing […]
Ringgit opens firmer vs US$ on improved sentiment
KUALA LUMPUR: The ringgit opened higher against the US dollar today, buoyed by improved global sentiment as market participants reacted positively to developments in the oil market. Read full story […]
Petrobras to purchase PETRONAS’ stakes in two offshore fields for US$450mil
SAO PAULO/RIO DE JANEIRO: Brazilian state-run firm Petrobras said on Monday it had decided to exercise its right to purchase Malaysian company Petronas’ 50% stake in two offshore fields in […]