Category: Business

PETALING JAYA: Telekom Malaysia Bhd’s (TM) financial results for the second quarter ended June 30, 2025 (Q2’25) reflected the group’s resilience in a competitive market and continued progress on its strategic priorities. During the quarter, profit after tax and non-controlling interests (Patami) rose 1.7% compared to the corresponding quarter last year to RM403 million, while… Continue reading TM reports higher Q2 net profit, declares 12.5 sen dividend

PETALING JAYA: Berjaya Corporation Bhd (BCorp) recorded revenue of RM2.37 billion for the fourth quarter ended June 30, 2025 (Q4 FY25), with an improved operating profit of RM89.84 million compared with RM66.69 million in the same period last year. The group’s performance reflected resilience across several segments despite market challenges. The hospitality division delivered stronger… Continue reading Berjaya Corp stays resilient with RM9.34b revenue in FY25 amid challenging market

KUALA LUMPUR: Sunway Bhd has proposed to list its healthcare arm, Sunway Healthcare Holdings Bhd, on the Main Market of Bursa Malaysia by the first quarter of 2026. As at July 31, 2025, Sunway Healthcare is a direct 84%-owned joint venture company of SunCity, which in turn is a direct wholly owned subsidiary of Sunway.… Continue reading Sunway proposes to list healthcare arm on Main Market of Bursa Malaysia by Q1 2026

KUALA LUMPUR: Malaysia’s official reserve assets amounted to US$121.28 billion (RM511.56 billion) as at end-July, while other foreign currency assets stood at US$603.7 billion, according to Bank Negara Malaysia (BNM). The central bank said that in accordance with the International Monetary Fund Special Data Dissemination Standard (IMF SDDS) format, the detailed breakdown of international reserves… Continue reading Bank Negara: Malaysia’s official reserve assets at US$121.28 billion end of July

KUALA LUMPUR: CIMB Group Holdings Bhd is maintaining its full-year FY2025 guidance of 5–7% overall asset growth, including loans and bonds, despite a softer performance in the first half of the year (H1’25). Group CEO Novan Amirudin said corporate activity was subdued earlier due to tariff uncertainties, but sentiment has started to improve after recent… Continue reading Market confidence returning as clarity over US tariffs improves: CIMB Group CEO

BENGALURU: Billionaire Elon Musk (pix) filed a motion on Thursday to dismiss the US Securities and Exchange Commission’s (SEC) civil lawsuit that accused him of waiting too long in 2022 to reveal his large stake in social media platform Twitter, later renamed as X. In a complaint filed in Washington DC federal court in January,… Continue reading Musk seeks dismissal of SEC lawsuit on his 2022 Twitter stake

WASHINGTON: The US tariff exemption for package shipments valued under US$800 (RM3,374) ended yesterday, raising costs and disrupting supply chain models for e-commerce companies, small businesses using online marketplaces and consumers alike. The US Customs and Border Protection (CBP) agency began collecting normal duty rates on all global parcel imports, regardless of value, country of… Continue reading US low-value package tariff exemption ends

HONG KONG: Which will last longer: China’s stranglehold on critical minerals including rare earths, or the US-led grip on advanced chips? The answer will help shape relations between Beijing and Washington for years to come. The world’s two largest economies are currently stuck in an uneasy standoff. Earlier this month, they agreed to extend a… Continue reading Chips-for-rare-earths is US-China circuit breaker

SHAH ALAM: Homegrown building materials wholesalers and distributors by revenue, Unitrade Industries Bhd, delivered a net profit of RM6.4 million for the financial year ended June 30, 2025 (FY26), marking a turnaround from a net loss of RM1.8 million in Q1 FY25. This performance was driven by a 60.0% surge in gross profit (GP) to… Continue reading Unitrade returns to profit with RM6.4m in Q1 FY26

SEOUL: South Korea’s government plans to raise budget spending for next year by the steepest pace in four years as the country’s new president seeks to spur economic growth through a policy of boosting investment in artificial intelligence. In its annual spending plan released yesterday, the finance ministry set total government expenditure for 2026 at… Continue reading South Korea to boost spending in bid to spur AI-led growth

SINGAPORE: Singapore’s state investment company Temasek announced on Thursday a major reorganisation of its operations, marking one of the most significant structural shifts in its 51-year history. Following are some of the key changes at Temasek before Thursday’s announcement: Structural shifts In 2011, Temasek Holdings formed Temasek International as its management arm to separate ownership… Continue reading Major changes at Temasek over two decades

KUALA LUMPUR: Geosynthetics and erosion control specialist Fibromat Bhd is eyeing fresh fundraising to back its RM2 billion tender pipeline in infrastructure projects, alongside a RM700 million dam development. CEO Danny Ng Kian Boon said the company recently secured RM10 million through BR Capital Malaysia’s peer-to-peer financing platform and is exploring additional options, including bank… Continue reading Fibromat eyes fresh funding to support RM2.7 billion tender pipeline

SABAH: Sabah-based road infrastructure specialist Azam Jaya Bhd posted revenue of RM43.1 million for the second quarter (Q2) ended June 30, 2025 (FY25), compared with RM58.6 million in Q1 FY25. The decline was mainly due to a temporary slowdown in construction activity at certain sites, which required additional coordination and resource planning. During the quarter,… Continue reading Strong order book, new contracts anchor Azam Jaya’s growth

KUALA LUMPUR: Malaysia’s economic growth outlook has tilted further to the downside as external shocks from US reciprocal tariffs and fragile domestic sentiment cloud the recovery. AmBank Group chief economist Firdaos Rosli, in presenting the bank’s second-half macroeconomic outlook for Malaysia, said AmBank has maintained its 2025 gross domestic product (GDP) growth forecast at 3.8%,… Continue reading Malaysian economy faces fresh downside risks from US tariffs, fragile domestic sentiment: AmBank

KOTA DAMANSARA: JF Technology Berhad, a Main Market-listed innovator and manufacturer of high-performance test contacting and interface solutions for global integrated circuit (IC) makers, has announced its fourth quarter (4QFY25) and full-year results for the financial year ended 30 June 2025 (FY25). The group closed FY25 with revenue of RM44.8 million, up 7.7% year-on-year (YoY)… Continue reading JF Tech accelerating growth via M&A along with its strategic initiatives

KUALA LUMPUR: Northern Solar Holdings Bhd, a leading renewable energy solutions provider, recorded revenue of RM28.0 million in the first quarter (Q1) ended June 2025 (FY26), a 35.8% increase from RM20.7 million in Q4 FY25. This growth was primarily driven by higher project billings from EPCC activities, which contributed RM27.4 million, representing 97.8% of total… Continue reading Northern Solar’s PAT surges over 6-fold QoQ to RM3.8m in Q1 FY26

SHANGHAI: Fast fashion brand Forever 21 is making its fourth run at the Chinese market, having previously entered and exited the world’s second-largest economy three times since 2008. Also in the brand’s sights is a new partner to help relaunch in the North American market, with further announcements to come on that soon, according to… Continue reading Forever 21 looks to resurrect China, North America business with new partners

KUALA LUMPUR: Meta Bright Group Berhad, a main market-listed diversified conglomerate, has reported a strong set of results for the financial year ended 30 June 2025 (FY2025), recording higher profits and more than doubling revenue on the back of broad-based contributions across its core business segments. For the year under review, revenue surged 133% to… Continue reading Meta Bright’s FY2025 profit rises 48% to RM16.9 million on 133% revenue growth

KUALA LUMPUR: In a significant move to enhance breast cancer care across Southeast Asia, patient advocacy leaders and key healthcare stakeholders gathered in Kuala Lumpur on August 27, 2025, for the inaugural APPISx SEA meeting. This initiative is part of the Alliance & Partnerships for Patient Innovation and Solutions (APPIS) platform. It represents a strategic… Continue reading Novartis, partners drive regional innovation for equitable breast cancer care access

KUALA LUMPUR: Resintech Berhad, a main market-listed manufacturer of plastic pipes, water tanks and fittings, has reported a strong performance for the first quarter ended 30 June 2025 (1QFY2026), marking the start of its 50th anniversary year on a high note. The Group’s revenue jumped 42.5% year-on-year (YoY) to RM40.77 million, compared with RM28.60 million… Continue reading Resintech kicks off Golden Jubilee year with 38% surge in profit, secures RM40m orders in 1QFY2026

KUALA LUMPUR: The ringgit extended yesterday’s gain to open higher against the greenback on Friday as more investors shifted toward emerging currencies on rising expectations of an interest rate cut in the United States next month and ahead of a US inflation report later today. At 8 am, the local note bounced to 4.2040/2260 versus… Continue reading Ringgit extends gain to open higher against US dollar

SHAH ALAM: The Selangor state government is optimistic Selangor International Business Summit 2025 (SIBS 2025) will achieve transaction value that exceeds that of last year’s edition. Selangor State Exco for Investment, Trade and Mobility Ng Sze Han said SIBS 2024 recorded transaction value of RM13 billion, nearly double the initial target of RM7 billion. “But… Continue reading Selangor confident SIBS 2025 transaction value will exceed last year’s RM13 billion

PETALING JAYA: Berjaya Food Bhd (BFood) has been focusing on diversifying into local and overseas markets in the financial year ended June 30, 2025, while consolidating stores at home to strengthen core operations and establish a solid foundation for sustainable growth. In a recent filing to Bursa Malaysia, BFood noted that with these measures in… Continue reading BFood eyes international opportunities while consolidating local operations

KUALA LUMPUR: RHB Bank Bhd posted a higher net profit of RM803.5 million for the second quarter ended June 30, 2025 (Q2’25), up 11.2% from RM722.31 million in the same quarter a year ago. Revenue rose to RM4.50 billion in the quarter under review from RM4.42 billion previously, it said in a filing with Bursa… Continue reading RHB Bank’s second-quarter net profit rises to RM803.5 million

KUALA LUMPUR: Chin Hin Group Property Bhd, a leading Malaysian property developer, posted a profit before tax (PBT) that surged 62% year-on-year to RM41.4 million in 6M ended June 30, 2025 (FY25), compared to RM25.6 million in the same period last year, while Group revenue expanded 34% to RM417.8 million, reflecting strong sales momentum across… Continue reading Chin Hin Property posts 62% PBT growth, RM1.06b sales in FY25

PETALING JAYA: Property developer Paragon Globe Bhd recorded revenue of RM55.6 million for the first quarter ended June 30, 2025 (Q1’26), more than double the RM23 million in the corresponding quarter last year, reflecting continued earnings momentum from its property development division. Net profit attributable to shareholders surged to RM15.9 million compared to RM5.7 million… Continue reading Paragon Globe posts sharply higher revenue, net profit for first quarter

DENGKIL: Earthworks and civil engineering construction services provider Wawasan Dengkil Holdings Bhd recorded revenue of RM180.6 million for the financial year ended June 30, 2025 (FY25), compared with RM188.5 million in FY24, primarily due to lower contributions from its non-core segment, namely the trading of construction materials, as well as the provision of machineries and… Continue reading Wawasan Dengkil’s order pipeline at healthy RM361m

KUALA LUMPUR: Bumi Armada Bhd’s net profit for the second quarter ended June 30, 2025 (Q2’25) declined to RM80.03 million compared to RM265.96 million recorded in the same period last year. Revenue fell to RM407.12 million from RM578.86 million previously, the company said in a filing with Bursa Malaysia. For the first half year ended… Continue reading Bumi Armada net profit slips to RM80m in Q2

KUALA LUMPUR: Chin Hin Group Bhd, Malaysia’s integrated builder with a unique intra-build ecosystem spanning the construction value chain, recorded revenue of RM1.91 billion for the six months (6M) ended June 30, 2025 (FY25), an increase of 42% compared to RM1.34 billion in the prior year. Profit before tax (PBT) rose sharply by 72% year-on-year… Continue reading Chin Hin Group 6M FY25’s PBT surges 72% to RM127.1m, revenue rises 42% to RM1.9b

KUALA LUMPUR: IJM Corporation Bhd is positioning itself for its next growth phase, riding on a record-high order book of RM12.9 billion and a strong revenue rebound in the first quarter of financial year 2026 (FY26). The group, which posted revenue of RM1.73 billion for the quarter, a 23.4% year-on-year increase, said it is steering… Continue reading IJM rides on record-high RM12.9 billion order book, pushes data centre and UK expansion

KUALA LUMPUR: Solar photovoltaic (PV) system company, JS Solar Holding Bhd, launched its prospectus in conjunction with its initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia. Managing director Johnson Chai Jeun Sian said the launch of the prospectus marks a key milestone for JS Solar as the group move into the… Continue reading JS Solar launches ACE Market IPO to drive expansion in solar PV, energy storage

KUALA LUMPUR: Signature International Bhd, Malaysia’s leading provider of modular kitchen systems, wardrobes, and interior fit-out solutions, today announced its financial results for the first half (1H) of the financial year ending December 31, 2025 (FY25), recording robust growth driven by its interior fit-out segment and supported by sustained demand across its kitchen and wardrobe… Continue reading Signature International’s 1H FY25 profit jumps 65.9% on strong interior fit-out performance

SHAH ALAM: Leading homegrown power distribution specialist manufacturing low voltage (LV) and medium voltage electrical distribution equipment, Powerwell Holdings Bhd’s revenue jumped 116.8% year-on-year (YoY) to RM35.9 million for the first quarter (Q1) ended June 30, 2025 (FY26) from RM16.6 million a year ago. This was mainly attributed to higher deliveries in all the geographical… Continue reading Powerwell’s Q1 FY26 net profit surges 3.5-fold on robust deliveries, new fire-suppression business

JOHOR BAHRU: Property developer Paragon Globe Bhd recorded revenue of RM55.6 million in Q1 ended June 30, 2025 (FY26), more than doubling from RM23.0 million in the corresponding quarter last year, reflecting continued earnings momentum from its property development division. Net profit attributable to shareholders surged to RM15.9 million compared to RM5.7 million in Q1… Continue reading Paragon Globe Q1 FY26 net profit surges 178% to RM15.9m

KUALA LUMPUR: Bursa Malaysia extended its uptrend at mid-morning today, buoyed by improved investor sentiment following Wall Street’s overnight rally. At 11 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 6.37 points to 1,594.28 from Wednesday’s close of 1,587.91. The index had opened 1.35 points higher at 1,589.26. On the broader market, losers surpassed… Continue reading Bursa Malaysia extends uptrend at mid-morning on improved sentiment

DENGKIL: Earthworks and civil engineering construction services provider, Wawasan Dengkil Holdings Bhd, recorded revenue of RM180.6 million for the financial year ended June 30, 2025 (FY25), compared with RM188.5 million in FY24, primarily due to lower contributions from its non-core segment, namely the trading of construction materials, as well as the provision of machineries and… Continue reading Wawasan Dengkil maintains strong momentum with RM361.2m unbilled order book

KUALA LUMPUR: Integrated engineering solutions provider, Oxford Innotech Bhd posted revenue of RM17.1 million in the second quarter (Q2) ended June 30, 2025 (FY25), with contribution coming from the mechanical assembly solutions segment at RM10.2 million (59.7%), the precision engineering components solutions segment (RM6.3 million or 37.0%), while the automation and robotics solutions segment made… Continue reading Oxford Innotech’s 1H FY25 revenue hits RM36.6m, gears up for expansion

SAN FRANCISCO: AI powerhouse Nvidia reported quarterly earnings Wednesday that beat expectations, but shares slipped amid concerns about an AI chip spending bubble and the company’s stalled business in China. The California-based firm posted profit of $26.4 billion on record revenue of $46.7 billion in the recently ended quarter, driven by intense demand for chips… Continue reading AI giant Nvidia beats earnings expectations but shares fall