Most Southeast Asian stock markets rallied on Friday, wrapping up a volatile week that saw heavy selling and sharp rebounds, as broad stimulus measures to mitigate the coronavirus pandemic's impact calmed investors' nerves.

Most markets rally as volatile week ends, Thailand leads gains

Malaysian shares fell for the third straight session on Thursday to close at their lowest in a month, while most other Southeast Asian stock markets were subdued as renewed Sino-US trade concerns weighed on risk sentiment in the region.

Malaysia falls, others trade in tight range

Most Southeast Asian markets were flat on Thursday in lacklustre trade as persistent concerns about global economic activity and escalating trade wars weigh on investor sentiment.

Investors cautious as IMF warning adds to global growth uncertainty

(Sept 10): Singaporean shares skidded to a 17-month low on Monday while the Philippines index fell for the fourth straight session, as sentiment in Asia remained dull amid an escalating trade feud between the United States and China.
    
U.S. President Donald Trump w...

Singapore drops to 17-month low, Philippine index slides again

(Nov 23): Singapore shares fell on Thursday on concerns over tighter monetary policy following strong growth data and as investors took profits after four straight sessions of gains, while the Philippine index rose about 1% on industrials.

In Asian stock markets, moves were mostly minor...

Singapore falls on profit-booking; Philippines up 1%

(Nov 16): Most Southeast Asian stock markets firmed on Thursday, with Indonesia climbing about 1% after a six-session losing streak and Vietnam scaling a fresh peak in nearly a decade, as upbeat US and regional economic data boosted sentiment.

Broader Asian equities gained after data sh...

Most SE Asian stocks climb on upbeat data; Vietnam scales fresh multi-yr peak

(Sept 4): Most Southeast Asian stock markets fell on Monday as North Korea's latest nuclear test prompted caution across Asian equities, although the Philippines bucked the trend to climb higher.

North Korea on Sunday conducted its sixth and most powerful nuclear test, which it said was...

Most fall on caution after N.Korea's nuclear test

BENGALURU (Sept 1): Thai and Vietnam shares climbed on Friday following Asian equities and Wall Street as lukewarm U.S. data boosted expectations that the Federal Reserve will hold off from increasing interest rates again this year.

U.S. July consumer spending rose slightly less than ex...

Thailand, Vietnam rise in line with broader Asia

(Aug 7): Philippine shares rose for a third straight session on Monday and outperformed other Southeast Asian markets, while Indonesian stocks reversed early gains to close lower following disappointing gross domestic product data.

Indonesia's GDP grew more slowly than expected in the s...

Philippines extends rise; Indonesia gives up early gains

(July 24): Southeast Asian stock markets, except Indonesia, were cautious on Monday as political uncertainties surrounding US President Donald Trump's administration dulled appetite for risk assets and weighed on the US dollar.

The Trump administration, already dogged by investigations ...

SE Asian stocks cautious as Trump woes hurt risk appetite

(June 19): Most Southeast Asian stock markets ended higher on Monday on improved risk sentiment as investors looked past the US Federal Reserve's decision last week to raise interest rates, with Vietnam hitting at a fresh nine-year closing high.

The Philippines led the gainers in the re...

SE Asian stocks rise as risk sentiment improves; Vietnam hits 9-yr high

(March 7): Southeast Asian stock markets were subdued in lacklustre trade on Tuesday, as investors prepped up for a likely interest rate increase by the U.S. Federal Reserve next week.

Fed Chair Janet Yellen has signalled that the central bank might raise interest rates at its next meet...

Muted as U.S. rate hike prospects weigh

(March 7): Southeast Asian stock markets ended little changed in dull trade on Tuesday as investors were cautious ahead of a widely expected  interest rate hike by the US Federal Reserve next week amid concerns about President Donald Trump's economic policies.

Fed Chair Janet Yelle...

SE Asian stocks tread water ahead of Fed meeting

Policymakers around the world are struggling to confront a surging greenback and lofty US interest rates, according to Mohamed El-Erian. 

“Authorities are a little bit frozen around the world as to how do you react to a generalised dollar strengthening?” El-Erian, the president of Queens’ College, Cambridge and a Bloomberg Opinion columnist, told Bloomberg Television on Tuesday. “How do you react to a generalised increase in interest rates in the US?”

El-Erian says world ‘frozen’ by strong dollar, high US rates

The Kelana Jaya Line Light Rail Transit (LRT) service is operating with a limited number of trains, due to a disruption to the power supply system which was struck by lightning at 3.30pm on Tuesday.

Power supply disruption affects Kelana Jaya Line LRT service

KUALA LUMPUR (April 16): The Malaysian Investment Development Authority (Mida) has appointed Sikh Shamsul Ibrahim Sikh Abdul Majid as its new chief executive officer (CEO), effective April 18, 2024.

Mida appoints Sikh Shamsul as new CEO

Tesla's global job cuts include reducing staff in the US and China, the automakers' two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said.

Chief executive officer Elon Musk on Monday told staff in an internal memo seen by Reuters that the company is laying off more than 10% of its global workforce, as it grapples with falling sales and an intensifying price war for electric vehicles.

Tesla's global job cuts include leading markets US, China

PUTRAJAYA (April 16): Malaysians in West Asia, namely Iran, Iraq, Jordan and Lebanon, are reminded to continue to be vigilant and adhere to instructions of the local authorities, following the reopening of airspace and the resumption of flight operations in these four countries, said the Malaysia’s Foreign Ministry.

Malaysian travellers in West Asia reminded to be vigilant following reopening of airspaces — Wisma Putra

Bain Capital has proposed an initial public offering (IPO) of Japan's Kioxia Holdings, as part of a plan to allow the money-losing chipmaker to refinance a US$5.8 billion (RM27.79 billion) loan coming due in June, according to a person familiar with the matter.

Bain proposes Japan's Kioxia IPO to clear US$5.8b loan refinance

Bank of America (BofA) reported a drop in first-quarter profit, as the lender set aside more money to cover souring loans, but still beat estimates on surging investment banking fees.

BofA's profit drops on rising provisions, but beats estimates as investment banking surges

KUALA LUMPUR (April 16): Newly-listed fertility care company Alpha IVF Group Bhd made a net profit of RM13.59 million for its third quarter ended Feb 29, 2024 (3QFY2024), on a revenue of RM40.7 million.

Alpha IVF makes RM13.6 mil net profit in 3Q, sees rising demand for fertility solutions amid resurgence in medical tourism

Morgan Stanley's first-quarter profit beat estimates on Tuesday, fuelled by a resurgence in investment banking led by equity underwriting, where revenue more than doubled, sending its shares up 2.7% before the bell.

Morgan Stanley's profit beats as investment banking rebounds

OTTAWA (April 16): Canada's annual inflation rate ticked up to 2.9% in March, as expected, while core inflation measures continued easing for a third consecutive month, data showed on Tuesday.

Canada's inflation rate ticks up to 2.9%, but underlying cooling continues

The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to Forbes Asia.

Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive

E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;

MyEG, HeiTech Padu form partnership to collaborate on IT projects

Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.

CIMB says CEO Abdul Rahman Ahmad stepping down on June 30

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.

Loke: Higher contract value awarded to HeiTech Padu due to longer extended duration

The automotive industry is not exactly the place one would want to be in the next few years.

Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

Outsourced semiconductor assembly and testing (OSAT) player Globetronics Technology Bhd is in the final stages of discussion with two prospective clients interested in leveraging advanced packaging technology.

Globetronics in final talks with two potential customers for advanced packaging

Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.

Loke says MMC Port free to sell stake to foreign firms, but govt has to be notified of shareholding changes

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.

Carlo Rino files draft prospectus for listing transfer to ACE Market

Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.

Muhyiddin seeks five-judge bench to hear criminal charges review

Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.

What observers are saying as Singapore’s Lee paves way for next PM Wong

European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage.

EU goes on China trade offensive after getting ‘played’ 

KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.

KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;

Bursa ends morning session lower along with regional peers

China’s rapidly expanding petrochemicals industry is making life increasingly difficult for producers in Asia’s next-biggest exporter of the building blocks for making plastics. 
&nbsp; 
Asia’s largest economy used to be the major market for South Korean companies like LG Chem Ltd and Lotte Chemical Corp. But the exporters of the chemicals used to make everything from nylon to disposable bottles and car interiors are now being forced to downsize their operations after a frenzy of petchem-plant building in China over the last few years created a supply glut. &nbsp;

China’s growing plastics dominance is squeezing out Asian rivals

EP Manufacturing Bhd's (EPMB) shares climbed on Tuesday and marked their best day in 10 months after the Shah-Alam based auto parts maker signed an assembly deal with a Chinese carmaker.

EP Manufacturing shares chart best day in 10 months after assembly deal

Gold is set to reach US$3,000 (RM14,381.71) an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc said, adding to a roll call of Wall Street banks that have raised forecasts.

Gold seen hitting US$3,000 at Citi as investor inflows juice rally

Workers in Singapore can now ask for four-day work weeks, more work-from-home days and staggered work timings starting from Dec 1, underscoring the global trend of governments and companies relaxing office arrangements in order to retain talent.

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