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HLB Islamic unveils new brand identity, launches ‘Hayat’ wealth stewardship proposition
KUALA LUMPUR, March 11 — Hong Leong Islamic Bank has refreshed its consumer-facing brand identity as HLB Islamic, alongside a strengthened core proposition that encourages customers to manage wealth through a Shariah-guided lifecycle approach. The move marks a new chapter
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Moody’s says high energy prices to lift Petronas upstream earnings, subsidies a risk
KUALA LUMPUR, March 11 — Credit rating agency Moody’s Ratings expects expect high energy prices will boost Petroliam Nasional Bhd’s (Petronas) upstream earnings. It said in a statement today that higher petroleum-related revenues provide additional mitigation amid volatility in global oil
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Asian markets rise as oil stabilises on talk of IEA reserve release
HONG KONG, March 11 — Asian equities extended gains today while oil stabilised after a report said the International Energy Agency was considering the release of a record amount of its reserves to counter soaring prices. The crude market has
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Bursa Malaysia opens slightly lower as Wall Street slips and crude oil pulls back
KUALA LUMPUR, March 11 — Bursa Malaysia opened marginally lower on Wednesday, tracking weaker performance on Wall Street, where all three major US indices ended well below their intraday highs after a volatile session. At 9.15 am, the FTSE Bursa Malaysia
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Malaysian builder NexG Bina denies wrongdoing after police freeze 16 accounts, warns projects at risk
KUALA LUMPUR, March 11 — NexG Bina Bhd said 16 bank accounts of the company and its subsidiaries maintained with RHB Bank Bhd have been frozen since mid-November 2025 by the anti-money laundering unit (AMLA) of the Royal Malaysian Police
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Ringgit strengthens against US dollar, boosted by Trump Iran comments and crude oil slide
KUALA LUMPUR, March 10 — The ringgit ended higher against the US dollar and other major currencies at Tuesday’s close following a sharp drop in crude oil prices amid comments from US President Donald Trump suggesting the war in Iran could
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Bursa Malaysia rebounds as FBM KLCI reclaims 1,700 level on improved global sentiment, stronger IPI data
KUALA LUMPUR, March 10 (Bernama) — Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran
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Penang ranks third nationwide with RM22.4b in 2025 manufacturing investments
GEORGE TOWN, March 10 — Penang recorded RM22.4 billion in approved manufacturing investments last year, a 29 per cent increase from 2024, said Chief Minister Chow Kon Yeow. He said the strong performance reflects sustained investor confidence in the state’s
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Europe’s biggest carmaker VW raises job cut target to 50,000 as cost crisis deepens
WOLFSBURG, March 10 — Europe’s largest carmaker Volkswagen said it would cut 50,000 jobs in Germany by 2030 as it struggles to slash costs amid fierce competition in China, stagnant demand in Europe and US tariffs. “In total, around 50,000
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Aramco warns of ‘catastrophic consequences’ for world oil markets as Iran vows to block all Gulf exports
DUBAI, March 10 — Saudi Arabia’s Aramco, the world’s top oil exporter, said on Tuesday that there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz. The
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