Ringgit Weakens Against US Dollar As Trade War Escalates

By Siti Noor Afera Abu

KUALA LUMPUR, Feb 28 (Bernama) -- The ringgit closed lower against the US dollar on Friday as concerns over an escalating trade war weighed on sentiment.

Gold Futures Extend Losses As Stronger Greenback Weighs On Market

KUALA LUMPUR, Feb 27 (Bernama) -- Gold futures on Bursa Malaysia Derivatives fell again on Thursday as the US dollar strengthened due to Donald Trump’s threat to increase trade tariffs.

Rubber Market Closes Mixed Tracking Regional Markets Performance

By Anas Abu Hassan

KUALA LUMPUR, Feb 27 (Bernama) -- The Kuala Lumpur rubber market ended mixed today in tandem with regional rubber futures markets performance, buoyed by ongoing worries over supply shortage from major producing countries, said a dealer.

Govt Allocates Additional RM10 Bln For Housing Credit Guarantee Scheme - Amir Hamzah

KUALA LUMPUR, Feb 27 (Bernama) -- The allocation for the Housing Credit Guarantee Scheme under the Syarikat Jaminan Kredit Perumahan Bhd (SJKP) will be increased by RM10 billion this year, benefitting more than 20,000 borrowers.

Turing Secures US$14 Mln To Expand AI-driven Water Management Solutions

KUALA LUMPUR, Feb 27 (Bernama) -- Turing, a leader in artificial intelligence (AI)-driven water management solutions, has successfully raised US$14 million in a funding round led by Safar Partners. (US$1=RM4.42)

RHB Bank's Net Profit Surges To RM3.12 Bln In FY2024

KUALA LUMPUR, Feb 27 (Bernama) -- RHB Bank Bhd’s net profit increased to RM3.12 billion in the financial year ended Dec 31, 2024 (FY2024) from RM2.81 billion in FY2023, driven by strong total income growth.

Analysts Revise Sunway's FY2025-2026 Earnings Forecast Upward On Positive Outlook

KUALA LUMPUR, Feb 27 (Bernama) -- Analysts have revised their earnings forecast for Sunway Bhd for the financial year 2025-2026 (FY2025-FY2026) upward, maintaining their ‘buy’ and ‘underperform’ calls on the company.

IOI Properties 2Q Net Profit Slips To RM94.78 Mln

KUALA LUMPUR, Feb 26 (Bernama) --  IOI Properties Group Bhd (IOIPG) registered a lower net profit of RM94.78 million in the second quarter of its financial year ending June 30, 2025 (2Q FY2025) against RM121.50 million in 2Q FY2024.

Rubber Market Ends Mixed Amid Global Trade Uncertainties

KUALA LUMPUR, Feb 26 (Bernama) -- The Kuala Lumpur rubber market closed mixed on Wednesday, weighed by a downtrend in the regional rubber futures market amid global trade uncertainties, said a dealer.

Property Market Hits Decade-High Record In 2024 – Amir Hamzah

KAJANG, Feb 26 (Bernama) -- The property market recorded an outstanding performance in 2024, with both transaction volume and value reaching the highest levels in a decade, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Petronas Seen Maintaining RM50 Bln CAPEX In 2025 Despite Petros Uncertainties

KUALA LUMPUR, Feb 26 (Bernama) -- Kenanga Investment Bank Bhd (Kenanga IB) expects Petroliam Nasional Bhd (Petronas) to maintain its capital expenditure (capex) at RM50 billion or higher in the financial year 2025 (FY2025).

IOI Corp Posts Lower 2Q Net Profit Of RM111.1 Mln, Declares 5 Sen Dividend

KUALA LUMPUR, Feb 25 (Bernama) -- IOI Corporation Bhd’s (IOI Corp) net profit fell by two-thirds to RM111.1 million in the second quarter ended Dec 31, 2024 (2Q FY2025) from RM335.4 million in the year-ago quarter despite a stronger contribution from the plantation segment.