Latest
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Energy
OPEC oil output plunges in March as war forces export cuts, Reuters survey finds
LONDON: OPEC oil output plunged in March to its lowest level since the height of the COVID-19 pandemic in June 2020, a Reuters survey found, as the U.S.-Israeli war against Iran effectively closed the Strait of Hormuz and forced export cuts.
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Corporate News
Topmix acquires lands in Johor for RM19mil
PETALING JAYA: Topmix Bhd is proposing to acquire two pieces of freehold vacant lands in Johor Baru, Johor, totalling 10,117 sq metres from Kesas Kenangan Sdn Bhd for a combined amount worth RM18.97mil.
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Business
MICCI calls for flexibility in implementation of new expatriate policy
KUALA LUMPUR: The Malaysian International Chamber of Commerce and Industry (MICCI) is urging flexibility in implementing the revised Expatriate Employment Policy, set to take effect on June 1, 2026, especially for companies handling specialised roles and long-term talent transitions.
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Corporate News
TNB proposes RM10bil sukuk programme with tenure of 50 years
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has lodged an Islamic medium term notes (sukuk wakalah) programme of up to RM10 billion in nominal value with the Securities Commission Malaysia (SC).
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Corporate News
Maxim Global unit secures RM54mil Islamic facilities for Cheras sewerage project
KUALA LUMPUR: Maxim Global Bhd's owned indirect subsidiary, F3 Cheras Development Sdn Bhd, has accepted Islamic banking facilities worth RM54 million from AmBank Islamic Bhd.
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Banking
Bank Rakyat strengthens cybersecurity after RM1mil AMP
KUALA LUMPUR: Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) continues to enhance its technology infrastructure, cybersecurity controls, and operational processes to strengthen system resilience and safeguard customer information.
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Corporate News
Salcon wins RM80mil water infrastructure contract
PETALING JAYA: Salcon Bhd has secured a new water infrastructure contract worth RM80.399mil, following the acceptance of a letter of acceptance issued by Perbadanan Bekalan Air Pulau Pinang Sdn Bhd.
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Forex
Ringgit ends higher on renewed optimism on de-escalation of US-Iran war
KUALA LUMPUR: The ringgit extended earlier gains to end higher against the US dollar on Wednesday driven by renewed optimism among market traders following signs of possible de-escalation in the United States-Iran war.
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Corporate News
Exsim Hospitality wins RM42mil M&E job
PETALING JAYA: Exsim Hospitality Bhd's wholly-owned subsidiary, Exsim Concepto Sdn Bhd has bagged a letter of award (LOA) from Cosmopolitan Avenue Sdn Bhd worth RM41.5mil.
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Corporate News
NCT Alliance appoints Ong Chou Wen as CEO
PETALING JAYA: NCT Alliance Bhd has appointed Ong Chou Wen as its chief executive officer (CEO).
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Energy
PETRONAS works with authorities to boost output, secure supply
KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) is working with the relevant authorities to secure domestic supply while accelerating efforts to raise crude production.
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Corporate News
MGB bags RM200.74mil centralised labour quarters job
PETALING JAYA: MGB Bhd has accepted a letter of award from Lien Dak Builders Sdn Bhd for the proposed development of centralised labour quarters in Seberang Perai Selatan, Penang for RM200.74mil.
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Banking
Bank Negara fines Bank Rakyat RM1mil for cybersecurity, customer information protection breaches
KUALA LUMPUR: Bank Negara Malaysia (BNM) has imposed an administrative monetary penalty (AMP) of RM1 million on Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) for cybersecurity and customer information protection breaches on Jan 20, 2026.
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Banking
Malaysia’s banks remain resilient, ready to support customers amid global uncertainties
PETALING JAYA: The Association of Banks in Malaysia (ABM) has reassured that Malaysia's banking industry remains strong and resilient.
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Markets
Bursa Malaysia surges as Middle East tensions show signs of easing
KUALA LUMPUR: Bursa Malaysia joined a global rally on Wednesday, tracking gains across regional markets after US President Donald Trump said the war with Iran could end within two to three weeks.
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Corporate News
Zecon appoints Mohamad Morshidi as chairman
PETALING JAYA: Zecon Bhd has announced the appointment of Tan Sri Mohamad Morshidi Abdul Ghani as its new chairman.
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Business
Airwallex secures regulatory approval to expand payment services in Malaysia
KUALA LUMPUR: Airwallex said on Wednesday it has received approval from Malaysia's central bank for licences to carry out e-money issuance, currency exchange and remittance services, allowing it to offer a full suite of payment services in the country.
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Commodities
Gold ticks up as dollar slips on Mideast de-escalation hopes
GOLD prices rose on Wednesday to their highest in nearly two weeks, supported by a weaker dollar following U.S. President Donald Trump's statement that the war with Iran could wind down in weeks.
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SME
CapBay wins Best Social Loan award, boosting SME financing access
CAPBAY, Malaysia's leading fintech specialising in supply chain finance, has been recognised with the Best Social Loan (SME) award, adding yet another feather to its cap.
