Newsfeed – Business News
Powertechnic IPO oversubscribed by 46.35 times
KUALA LUMPUR: Powertechnic Group Bhd’s public portion of its initial public offering (IPO) was oversubscribed by 46.35 times ahead of its listing on the ACE Market of Bursa Malaysia Securities […]
FBM KLCI marginally up amid regional market gains
KUALA LUMPUR: The FBM KLCI closed slightly higher on Thursday, supported by gains in heavyweights amid mostly positive regional market performances. Read full story Date: 16 October, 2025 6:01 pm […]
Chin Hin secures RM1.1bil Taman Connaught project
KUALA LUMPUR: Chin Hin Group Property Bhd (CHGP) has signed a development agreement for a large-scale residential project in Taman Connaught with an estimated gross development value (GDV) of RM1.1 […]
Orkim expands fleet with new 49,999-DWT vessel
KUALA LUMPUR: Orkim Bhd and its group of companies, a leading marine transportation provider in Malaysia, has taken delivery of Orkim Citrine, a 49,999-deadweight-tonnes (DWT) vessel, expanding its fleet to […]
Zecon inks MoU with Edra Power, Neutrinos for integrated energy complex in Sarawak
KUALA LUMPUR: Zecon Bhd has signed a memorandum of understanding (MoU) with Edra Power Holdings Sdn Bhd and Singapore-based Neutrinos Engineering Pte Ltd for the potential development of an integrated […]
AirAsia X launches direct flights to Tashkent, Uzbekistan from RM799 one-way
KUALA LUMPUR: AirAsia X Bhd (AAX) has launched its inaugural direct flight from Kuala Lumpur to Tashkent, Uzbekistan, marking a major milestone in its Central Asia expansion and reinforcing Malaysia’s […]
Nestle to cut 16,000 jobs as new CEO ignites ‘turnaround fire’
NESTLE will cut 16,000 jobs, new CEO Philipp Navratil said on Thursday, as the world’s largest packaged food company seeks to cut costs and win back investor confidence. Read full […]
Highlights of Bank Negara’s 1H25 financial stability review
KUALA LUMPUR: Following are the highlights of Bank Negara Malaysia’s (BNM) Financial Stability Review — First Half 2025, released today, which provides an assessment of the current and potential risks to financial stability and the […]
Asian currencies edge up as dollar softens, stocks advance
EMERGING Asian currencies edged up on Thursday, as U.S.-China trade tensions and expectations of interest rate cuts by the Federal Reserve subdued the dollar, while regional equities advanced, with Taiwan […]
PNB launches first sustainability-linked Islamic financing with OCBC
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has launched its inaugural Sustainability-Linked Islamic Financing (SLF) facilities with OCBC Bank (M) Bhd (OCBC Malaysia) as the sole sustainability structuring adviser. Read full […]