Corporate News

YX Precious Metals posts over fourfold jump in 4Q profit

KUALA LUMPUR: YX Precious Metals Bhd's net profit rose more than fourfold to RM7mil in the fourth quarter ended Dec 31, 2025, from RM1.6mil a year earlier.

Forex

Ringgit higher against US dollar on strong December IPI

KUALA LUMPUR: The ringgit traded higher against the US dollar on Monday after Malaysia's December Industrial Production Index (IPI) came in above market expectations, signalling that the domestic economy remains on a firm footing.

Business

Malaysian firms urged to tap opportunities in rapidly expanding Indian market

KUALA LUMPUR: Malaysian businesses are encouraged to explore opportunities across various sectors in India, including semiconductor, energy and agriculture, following the elevation of bilateral ties to a comprehensive strategic partnership in 2024.

Corporate News

Malaysian Pacific Industries posts higher 2Q net profit of RM57.09mil

KUALA LUMPUR: Malaysian Pacific Industries Bhd (MPI) has posted a higher net profit of RM57.09 million in the second quarter (2Q) ended Dec 31, 2025 compared with RM40.03 million in the same period last year.

Corporate News

BAT reports higher 4Q25 earnings

PETALING JAYA: British American Tobacco (Malaysia) Bhd's (BAT) net profit for the fourth quarter ended Dec 31, 2025 jumped to RM121.2mil from RM48.97mil in the previous corresponding period, while revenue surged to RM947.98mil from RM653.03mil a year earlier.

Corporate News

CSC Steel sees firmer steel market in 2026, stays disciplined on costs

KUALA LUMPUR: CSC Steel Holdings Bhd will continue to adopt a disciplined approach in navigating the steel market in 2026, with a focus on cost efficiency, selective inventory management and operational excellence amid improving global demand conditions.

Corporate News

WWF-Malaysia, SD Guthrie pilot five-year regenerative palm oil programme in Sabah

KUALA LUMPUR: World Wide Fund for Nature Malaysia (WWF-Malaysia) and SD Guthrie Bhd have launched a five-year regenerative agriculture pilot for palm oil in Sabah, marking the first initiative of its kind for the industry.

Markets

Hock Soon IPO draws 1.36x public subscription ahead of Feb 13 listing

KUALA LUMPUR: Main Market-bound Hock Soon Capital Bhd's public portion of its initial public offering (IPO) was subscribed 1.36 times ahead of its listing on Bursa Malaysia Securities Bhd.

Markets

FBM KLCI advances as strong regional gains lift sentiment

KUALA LUMPUR: The FBM KLCI advanced on Monday, moving in line with a strong regional market performance as most major Asian indices posted solid gains by the close.

Energy

Oil drops more than 1% as US-Iran talks ease supply worries

SINGAPORE: Oil prices fell more than 1% on Monday as fears of a Middle East conflict eased after the U.S. and Iran pledged to continue indirect talks about Tehran's nuclear programme, calming worries about potential supply disruptions.

Forex

Yuan hits fresh 33-month high after report of regulators warning on US Treasury risk

SHANGHAI: China's yuan edged higher to a fresh 33-month high against the U.S. dollar on Monday, after a report that regulators have advised financial institutions to curb their U.S. Treasury exposure, while the greenback weakened on rate cut expectations.

Corporate News

Kinergy secures hydropower virtual PPA with Safran

KUALA LUMPUR: Sustainable energy solutions provider Kinergy Advancement Bhd has signed a corporate virtual power purchase agreement (VPPA) with Safran Landing Systems Malaysia to leverage hydropower assets to provide a stable, dispatchable green energy supply. 

Energy

Sabah strengthens oil and gas position with 20% stake in North Sabah EOR PSC

KOTA KINABALU: Sabah's role as a strategic player in the oil and gas industry is further solidified after it acquired 20% participating interest in the North Sabah Enhanced Oil Recovery Production Sharing Contract (EOR PSC), this year.

Banking

Bank Negara's international reserves amounted to US$126.9bil as at Jan 30

KUALA LUMPUR: The international reserves of Bank Negara Malaysia amounted to US$126.9 billion as at Jan 30, 2026, compared with US$125.6 billion as at Jan 15, 2026.

Commodities

Gold, silver extend gains on softer dollar; investors eye US economic data

Gold and silver extended gains on Monday, with the yellow metal trading just above $5,000 per ounce as the dollar dipped, while investors awaited key U.S. jobs and inflation data due later in the week to gauge the interest rate trajectory.

Telcos

Singapore says cyber espionage group targeted telco infrastructure

SINGAPORE: Singapore's four telecom companies, Singtel, StarHub, M1 and Simba Telecom, were targeted by cyber espionage group UNC3886 in attacks last year, Singapore's Cyber Security Agency said on Monday.

Markets

Indonesia to hold follow-up meeting with MSCI this week after market rout

JAKARTA:  Indonesia will update MSCI with progress it has made for capital market reforms at a meeting this week, the Indonesian Stock Exchange said on Monday, after a warning by the index provider wiped tens of billions of dollars off its equity market.

Banking

Maybank, CGC unveils RM1bil portfolio guarantee to expand SME financing access

KUALA LUMPUR: Malayan Banking Bhd (Maybank) and Credit Guarantee Corporation Malaysia Bhd (CGC) announced a new RM1 billion tranche under the Portfolio Guarantee (PG) scheme to support small and medium enterprises (SMEs) with improved access to financing across different stages of growth.

Business

'Made in China' redefined

BEIJING: For Selena, a consumer from Spain, traditional Chinese culture came alive in an unexpected way: a makeup palette. The compact from Chinese cosmetics brand Florasis, intricately engraved with a phoenix, struck her as more a work of art than a cosmetic.

Markets

Kenanga IB foresees FBM KLCI to hit 1,840 mark this year

KUALA LUMPUR: Kenanga Investment Bank Bhd (Kenanga IB) foresees the FTSE Bursa Malaysia KLCI (FBM KLCI) could touch the 1,840 mark this year.