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RHB Bank Subscribes To Additional Shares In Boost Bank Worth RM51 Mln

KUALA LUMPUR, March 27 (Bernama) -- RHB Bank Bhd has subscribed to an aggregate of about 51 million new shares in Boost Bank for RM51 million since May 17, 2024, in order to maintain its 40 per cent equity interest in the digital bank.

Main Market-bound Cuckoo Malaysia Aims To Raise RM184.8 Mln From IPO

KUALA LUMPUR, March 26 (Bernama) -- Main Market-bound Cuckoo International (Mal) Bhd, the local unit of South Korean appliance maker Cuckoo Homesys Co Ltd, aims to raise RM184.8 million from its initial public offering (IPO).

Qraft Technologies, RHB Asset Management To Launch Malaysia’s First AI-driven Multi-Asset Fund

KUALA LUMPUR, March 26 (Bernama) -- Qraft Technologies, an artificial intelligence (AI)-driven invest-tech company, has teamed up with RHB Asset Management Sdn Bhd (RHBAM) to launch the RHB Dynamic Artificial Intelligence Allocator Fund.

Malaysia's Economic Growth To Remain Resilient In 2025 -- RHB IB

KUALA LUMPUR, March 25 (Bernama) -- Malaysia’s economic growth is expected to remain resilient this year, supported by continued progress on multi-year projects, rising household incomes, and easing global monetary conditions, RHB Investment Bank (RHB IB) said.

Weaker Sales Seen For Malaysian Auto Sector In 2025

KUALA LUMPUR, March 21 (Bernama) -- The Malaysian automotive sector is expected to see weaker sales in 2025.

Investment Banks Positive On Top Glove Amid Expected Sales Growth As Inventory Depletes

KUALA LUMPUR, March 21 (Bernama) -- RHB Investment Bank Bhd (RHB IB) has upgraded Top Glove Corporation Bhd to a ‘buy’ call from a ‘sell’ call, citing potential improvements in sales volumes by June, the fourth quarter of the financial year 2025 (4Q FY2025), as United States (US) customers’ inventory levels are fully depleted.

IJM Corp Shares Rise 2 Pct After Dismissing Governance Concerns

KUALA LUMPUR, March 21 (Bernama) -- Shares of IJM Corp Bhd rose 2.0 per cent in early Friday trading after the group dismissed online allegations regarding the construction company and its leadership.  

Malaysia’s Tech Sector Earnings To Grow This Year Amid Tariff Headwinds -- Analysts

KUALA LUMPUR, March 17 (Bernama) -- Malaysia’s technology (tech) sector earnings are projected to grow this year, riding on stronger demand and overall recovery in the semiconductor space amid the United States (US) tariff headwinds, said analysts.

Utilities Sector Outlook Remains Upbeat

KUALA LUMPUR, March 14 (Bernama) -- Malaysia’s utilities sector outlook remains upbeat, particularly as the renewable energy (RE) space has strong growth potential, with several key drivers set to boost its near-term performance.

ACE Market-bound SumiSaujana Aims To Raise RM74.4 Mln From IPO

KUALA LUMPUR, March 13 (Bernama) -- ACE Market-bound oil and gas (O&G) specialty chemicals manufacturer SumiSaujana Group Bhd aims to raise RM74.4 million from its initial public offering (IPO).

Bursa Malaysia Opens Higher, Tracking Wall Street’s Recovery

KUALA LUMPUR, March 13 (Bernama) -- Bursa Malaysia rebounded at Thursday’s open, tracking Wall Street’s gains after days of selling.  

Majority Of Local Banks Hold Above-Average ESG Ratings

KUALA LUMPUR, March 10 (Bernama) -- Majority of Malaysian banks have environmental, social and corporate governance (ESG) ratings that surpass average benchmarks, aligning well with international standards and rivaling those of Singapore banks, said CIMB Securities Sdn Bhd.