Newsfeed – Business News
US softens tariff on Malaysia, boosting FBM KLCI
KUALA LUMPUR: Investors welcomed the reduction in US tariffs on Malaysian exports, with sentiment turning positive in early trade after the rate was lowered to 19% from the previous 25%. […]
Trading ideas: TNB, ITMAX, YTL-REIT, Paramount, Bintai Kinden, Chin Hin, Pharmaniaga, Unisem, Avillion
KUALA LUMPUR: Stocks to watch today include Tenaga Nasional Bhd (TNB), ITMAX System Bhd, YTL Hospitality Real Estate Investment Trust (YTL‑REIT), Paramount Corp Bhd, Bintai Kinden Corp Bhd, Chin Hin […]
LBS POWERS KWASA DAMANSARA GROWTH
Kwasa Land Sdn Bhd (KLSB), a wholly-owned subsidiary of the Employees Provident Fund (EPF), through its group of subsidiaries, has entered into a Development Rights Agreement (DRA) with LBS Bina […]
Paramount acquires land in Penang for RM58mil
Paramount Corp Bhd is acquiring an 18.97 acre piece of freehold land in Bandar Cassia, Penang, from Penang Development Corp for RM57.841mil. Read full story Date: 1 August, 2025 7:02 […]
Rebound in US growth in 2Q masks underlying slowing trend
US economic growth rebounded more than expected in the second quarter, but that measurement grossly overstated the economy’s health as declining imports accounted for the bulk of the improvement and […]
Record US$30bil spending by Microsoft this quarter
Microsoft Corp forecast a record US$30bil in capital spending for its current financial first quarter, after booming sales in its Azure cloud computing business showcased the growing returns on its […]
YTL-REIT records rise in net property income
YTL Hospitality Real Estate Investment Trust (YTL-REIT) expects the hospitality sector to remain resilient in Malaysia, Australia and Japan – the markets where it operates – supported by sustained demand […]
US weekly jobless claims rise marginally
WASHINGTON: The number of Americans filing new applications for unemployment benefits increased marginally last week, suggesting that the labour market remained stable, though it is taking longer for laid-off workers […]
Bank Islam appoints new group CFO effective Aug 1
KUALA LUMPUR: Bank Islam Malaysia Bhd has appointed Siti Nur Huda Sufian as group chief financial officer (CFO) effective Aug 1, 2025 to succeed Azizan Abd Aziz. Read full story Date: […]
Bintai Kinden FY25 accounts deemed true and fair despite legacy qualification
KUALA LUMPUR: Bintai Kinden Corp Bhd said its audited financial statements for the financial year ended March 31, 2025 (FY25) have been deemed true and fair in all material respects […]