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Corporate News
ACCCIM and UOB Malaysia sign MOU to deepen strategic partnership and support competitive future-ready businesses
KUALA LUMPUR: The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) and United Overseas Bank (Malaysia) Bhd (UOB Malaysia) signed a Memorandum of Understanding (MoU) on 10 October 2026, further strengthening their strategic collaboration and providing ACCCIM members with broader access to financial solutions, advisory services and business support.
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Economy
Global economy to decelerate to 3.1% in 2026 in 2026 before recovering to 3.4% in 2027 - IMF
KUALA LUMPUR: Global growth is projected to decelerate to 3.1 per cent in 2026 from 3.5 per cent in 2025 before recovering to 3.4 per cent in 2027, according to the International Monetary Fund (IMF).
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Markets
Asian stocks dive as focus on earnings, geopolitics
SINGAPORE: Asian equities fell sharply on Tuesday led by technology shares as a widening conflict in the Middle East kept oil prices elevated, supporting the dollar ahead of an earnings season that will set the tone for the rest of the year.
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Commodities
Oil ticks lower as Russia diesel supply prospects counter Gulf supply risks
OIL prices edged lower on Tuesday after climbing by nearly $2 a barrel in the previous session, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.
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Markets
Profit-taking halts rebound on FBM KLCI
KUALA LUMPUR: The FBM KLCI is seeing some profit-taking pressure despite improved domestic sentiment following the tabling of Budget 2027.
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Economy
Japan's wholesale inflation remains elevated, keeps alive BOJ rate-hike view
TOKYO: Japan's wholesale prices rose 6.8% in the year to September, according to data released on Tuesday, slowing from the previous month but highlighting mounting inflationary pressure that keeps alive market expectations of a near-term interest rate hike.
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Forex
Budget 2027 optimism lifts ringgit despite external headwinds
KUALA LUMPUR: The ringgit edged higher against the US dollar at the opening, buoyed by optimism surrounding Budget 2027.
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Corporate News
Trading ideas: IOIPG, United Malacca, IJM, MN, Swift Energy, Kinergy, Zetrix, iCents, Infomina, LAC Med, Edelteq, Deleum, Tong Herr
KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia.
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Markets
Nasdaq ends lower as oil prices surge ahead of earnings, economic data
THE Nasdaq composite closed lower on Monday as oil prices jumped nearly $2 a barrelafter attacks on a Saudi airport, and investors waited for banks to kick off the third-quarter earnings season and for economic data this week.
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Corporate News
iCents wins RM36mil Selangor job
PETALING JAYA: iCents Group Holdings Bhd has secured a contract worth RM36.15mil from a Malaysian subsidiary of a US-based company for the engineering, procurement, construction and commissioning (EPCC) works for the turnkey development of a semiconductor wafer processing facility in Selangor.
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Corporate News
IOIPG eyes 50% stake in One Raffles Place
PETALING JAYA: IOI Properties Group Bhd (IOIPG) is looking to acquire a 50% stake in One Raffles Place, an integrated commercial development in Singapore's central business district.
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Corporate News
IOIPG-REIT advances IPO plans with six bank underwriting pacts
PETALING JAYA: IOIPG Malaysia Real Estate Investment Trust (IOIPG-REIT) has entered into an underwriting agreement with six financial institutions for its initial public offering (IPO) on the Main Market of Bursa Malaysia.
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Corporate News
MN Holdings secures DC infrastructure contracts
PETALING JAYA: MN Holdings Bhd, via its wholly-owned subsidiary, MN Power Transmission Sdn Bhd (MNPT), has accepted a letter of award (LoA) worth RM293.88mil for the construction of two 275 kilovolt (kV) consumer landing stations (CLS) for a data centre development located in the central region of Peninsular Malaysia.
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Economy
Expansionary fiscal policy apt amid global tensions
PETALING JAYA: The administration of Datuk Seri Anwar Ibrahim has opted against a sharper cut in the fiscal deficit that could constrain economic support amid global uncertainties, says Treasury secretary-general Tan Sri Johan Mahmood Merican.
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Corporate News
Astral Asia receives deposit for Pahang solar farm project
PETALING JAYA: Astral Asia Bhd received an interim deposit of RM2.34mil (representing 1% of the indicative purchase price of RM233.57mil) from HNG Capital Sdn Bhd for its solar farm and green energy development in Pahang.
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Corporate News
Masteel to acquire 51% stake in Anpec
PETALING JAYA: Malaysia Steel Works (KL) Bhd (Masteel) has signed a share sale agreement to acquire a 51% stake in Anpec Global Corp Sdn Bhd for RM12mil, complementing its steel operations with high-voltage engineering capabilities.
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Economy
Delaying structural reforms heightens fiscal risks
PETALING JAYA: The longer Malaysia delays structural reforms, the more exposed it becomes to fiscal pressures, as volatile oil prices, rising debt-servicing costs and off-budget obligations threaten to complicate its fiscal consolidation plans, economists say.
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Corporate News
IJM Corp secures RM1.23bil project in Kulim
PETALING JAYA: IJM Corp Bhd, via its wholly-owned subsidiary IJM Construction Sdn Bhd, has secured a letter of award from AT&S Austria Technologie & Systemtechnik (Malaysia) Sdn Bhd for the manufacturing facilities construction project in Kulim Hi-Tech Park, Kedah, worth RM1.23bil.
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Corporate News
LAC Med bags RM20mil PJ contract
PETALING JAYA: LAC Med Bhd has secured a seven-year contract of up to RM20mil to provide integrated medical imaging solutions at Health Capitol Specialist Centre Sdn Bhd's upcoming ambulatory care centre in Petaling Jaya.
