Banking

Bank Negara imposes penalty on JAGS Money for non-compliance

KUALA LUMPUR: Bank Negara Malaysia (BNM) imposed an administrative monetary penalty (AMP) of RM17,400 on JAGS Money Sdn Bhd on Sept 19, 2025, for non-compliances with customer due diligence (CDD) requirements under section 74(3) of the Money Services Business Act 2011 (MSBA).

Corporate News

JagaSolution auditor flags material uncertainty on going concern

KUALA LUMPUR: Property management system provider JagaSolution Bhd's external auditor, Crowe Malaysia PLT, has flagged a material uncertainty related to the company's ability to continue as a going concern in its audited financial statements for the financial year ended June 30, 2025.

Corporate News

Public Gold becomes first Malaysian company to join Shanghai Gold Exchange

KUALA LUMPUR: Public Gold Group, an integrated precious metals company, has successfully obtained international membership with the Shanghai Gold Exchange (SGE), one of the world's most influential gold trading platforms, becoming the first Malaysian company to achieve this milestone.

Corporate News

Aneka Jaringan stays cautiously optimistic on FY26 outlook

KUALA LUMPUR: Aneka Jaringan Holdings Bhd remains cautiously optimistic about the construction outlook for the financial year ending Aug 31, 2026 (FY26), as it continues to pursue strategic contract wins and enhance execution productivity.

Corporate News

DXN 2Q net profit surges to RM70.26mil, announces 0.80 sen dividend

KUALA LUMPUR: DXN Holdings Bhd's net profit for the second quarter ended Aug 31, 2025 (2Q 2025), rose to RM70.26 million from RM65.97 million a year earlier.

Corporate News

KIP REIT posts stronger 1Q earnings

KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT) remains optimistic about sustaining a stable performance in the financial year ending June 30, 2026 (FY2026), supported by the solid performance of its existing property portfolio and ongoing strategic initiatives.

Forex

Ringgit extends gains for fifth straight day on positive sentiment

KUALA LUMPUR: The ringgit strengthened for the fifth straight day against the US dollar and other major currencies, supported by improved risk appetite following the successful conclusion of the ASEAN Summit, which helped boost investor confidence in Malaysia's regional stability and economic integration.

Corporate News

PNB, EPF reaffirm commitment to Battersea investment, no immediate plans to exit

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) have reaffirmed their commitment to the Battersea Power Station project in London, saying there are no immediate plans to exit the investment.

Corporate News

UUE secures RM26.7mil TNB cable project

KUALA LUMPUR: UUE Holdings Bhd's wholly-owned subsidiary, Kum Fatt Engineering Sdn Bhd, has accepted a RM26.69mil contract from Sutera Utama Sdn Bhd for underground cable installation works related to Tenaga Nasional Bhd's (TNB) asset development project.

Corporate News

IJM wins RM874mil hyperscale data centre contract

PETALING JAYA: IJM Corp Bhd's wholly-owned subsidiary, IJM Construction Sdn Bhd, has been awarded a RM873.9mil contract by Pearl Computing Malaysia Sdn Bhd for mechanical and electrical (M&E) fit-out works for a hyperscale data centre at Elmina Business Park, Selangor.

Markets

Orkim gets SC nod for Main Market listing

PETALING JAYA: Orkim Bhd, a marine transportation company, has received approval from the Securities Commission for its proposed listing on the Main Market.

Markets

Bursa Malaysia dips, ringgit at six-week high against US dollar

KUALA LUMPUR: Bursa Malaysia extended its decline on Wednesday, with persistent selling dragging the benchmark index lower as the ringgit climbed to a six-week high against the US dollar.

Commodities

Gold gains more than 1% as investors await Fed verdict, Powell speech

GOLD rebounded more than 1% on Wednesday as investors found the metal attractive after prices fell to a three-week low in the previous session, while the Federal Reserve rate cut decision and Chair Jerome Powell's speech is centre stage.

Energy

Oil rises on optimism over US-China leaders' meeting

OIL prices rose on Wednesday thanks to a decline in U.S. crude inventories and optimism over a meeting between the leaders of the U.S. and China, the world's two largest oil consumers.

Banking

Maybank's MAE app hits RM4 trillion in digital transactions

KUALA LUMPUR: Malayan Banking Bhd (Maybank) has processed over RM4 trillion in digital transactions since launching its MAE app in 2020, reaffirming its push for wider digital banking adoption.

Forex

Bank Negara says consultation, agreement with US Treasury in line with existing practice

KUALA LUMPUR: Bank Negara Malaysia (BNM) has said its close consultation and agreement with the US Treasury reflect existing practices and "do not in any way affect the ability to independently formulate monetary policy, or our ability to safeguard the stability and value of the ringgit."

Telcos

Norway's Telenor slightly lags earnings forecast, takes US$50mil hit in Malaysia

Norwegian telecom operator Telenor on Wednesday posted quarterly earnings slightly below market expectations and flagged a negative adjustment of 500 million Norwegian crowns ($49.8 million) related to rising costs in Malaysia.

Business

Trump says he threatened 250% tariffs on ‘killer’ Modi, Pakistan

US President Donald Trump said he threatened India and Pakistan with 250% tariffs to help spur the resolution of their conflict earlier this year, describing Indian Prime Minister Narendra Modi as "the nicest-looking guy" who is also a "killer" eager to fight.

Business

China pledges to deepen financial sector reforms

CHINA will unswervingly deepen reform and expand opening-up to continuously enhance the momentum and vitality of financial development, and to advance high-standard opening-up in the financial sector, Li Yunze, minister of the National Financial Regulatory Administration, said on Monday.

Economy

Malaysia's producer price index down 0.8% in Sept

KUALA LUMPUR: Malaysia's Producer Price Index (PPI), which measures price changes at the producer level, fell by 0.8 per cent in September 2025, easing from a 2.8 per cent decline in the previous month, according to the Department of Statistics Malaysia (DOSM).