Malaysian construction conglomerate IJM Corp Bhd. shares fell after Sunway Bhd.’s takeover offer lapsed, raising the risk of near-term selling pressure as investors reassess its outlook.
Cranes operate at an IJM Corp construction site in Penang, Malaysia.
Malaysian low-cost carrier AirAsia X Bhd. has hiked airfares by as much as 40% and raised fuel surcharges by a fifth after jet fuel costs more than doubled in the wake of the Iran war.
An Airbus A330 aircraft operated by AirAsia X Bhd. grounded at Kuala Lumpur International Airport Airport 2. Photographer: Samsul Said/Bloomberg
MTT Shipping and Logistics Bhd. is forging ahead with expansion plans and an April IPO, shrugging off disruptions from the Middle East war as cargo volumes hold steady.
MTT Xu May container ship. Source: MTT Shipping and Logistics Bhd.
Malaysia lifted its economic growth forecast for 2026, expecting strong domestic demand and investment to cushion the impact of the escalating war in the Middle East.
The Petronas Twins Towers in Kuala Lumpur, Malaysia, on Monday, April 22, 2024. Malaysia's sovereign wealth fund Khazanah Nasional Bhd. will set up a venture capital of up to 3 billion ringgit ($627 million) with two other partners to invest in startups in Southeast Asia. Photographer: Samsul Said/Bloomberg
Shares of Malaysia’s Sunway Healthcare Bhd. jumped more than 38% in their debut after the company raised 2.86 billion ringgit ($731 million) in the country’s largest initial public offering in nine years.
Malaysian construction giant Sunway Bhd.’s 11 billion ringgit ($2.8 billion) takeover bid for IJM Corp Bhd. faces growing uncertainty after the target’s board and an independent adviser urged shareholders to reject the offer, citing valuation concerns. Analysts are divided on how investors should respond.
Malaysia’s opposition coalition will be led by a member of parliament from the Pan-Malaysian Islamic Party, a move that will increase the conservative group’s opportunity to disrupt the nation’s political landscape.
Members of the Pan-Malaysian Islamic Party pray outside the Palace of Justice (background), as they await the Federal Court's decision on Kelantan state's sharia law criminal enactment, in Putrajaya on February 9, 2024. (Photo by Mohd RASFAN / AFP) (Photo by MOHD RASFAN/AFP via Getty Images)
Malaysia’s second finance minister said policymakers will hold off on raising the country’s 2026 growth forecast as uncertainty over the Middle East conflict clouds the country’s economic outlook.
Malaysia’s anti-graft agency is investigating alleged abuse of power, fraud and governance issues linked to a deal between the government and Arm Holdings Plc, AFP reported.
A sign at the Arm Holdings Plc headquarters in Cambridge, UK. Photographer: Jason Alden/Bloomberg
Malaysia’s anti-graft agency is investigating alleged abuse of power, fraud and governance issues linked to a deal between the government and Arm Holdings Plc, AFP reported.
A sign at the Arm Holdings Plc headquarters in Cambridge, UK. Photographer: Jason Alden/Bloomberg
Malaysian Prime Minister Anwar Ibrahim’s government delayed parliament voting on a bill that would separate the roles of the attorney general and public prosecutor, a day after a landmark bill to limit the prime minister’s tenure failed.
Malaysia Prime Minister Anwar Ibrahim Photographer: Samsul Said/Bloomberg
Malaysia’s Sunway Healthcare Holdings Bhd. has started taking investor orders for an initial public offering that seeks to raise 2.86 billion ringgit ($734 million), in what may be the country’s biggest listing in nine years.
A patient bed at at Sunway Healthcare Group’s Sunway Medical Centre in Sunway City, Selangor, Malaysia.
The drive up to Bloopy Durians’ orchard isn’t for ordinary cars. The narrow, rutted track snakes across the remote hills of central Malaysia, taking visitors through sticky heat and dense trees.
People visit the Batu Caves temple complex on the outskirts of Kuala Lumpur. Photographer: Agoes Rudianto/NurPhoto/Getty Images
The Democratic Action Party, the largest party in Malaysia’s ruling coalition, will decide in July whether to retain its cabinet posts or move to the backbenches in Prime Minister Anwar Ibrahim’s administration, in a move that could signal shifts in Chinese support for the premier.
A Malaysian flag next to the Parliament building in Kuala Lumpur. Photographer: Samsul Said/Bloomberg
Malaysian exports, driven by a surge in electronics shipments, rose at the fastest pace in over three years in January, according to data released by the Ministry of Investment, Trade and Industry on Friday.
Shipping containers stacked at Westport Holdings Bhd. port at Port Klang, Selangor, Malaysia on Thursday, Feb. 8, 2024. The ringgit, which hit a 25-year low of almost 4.8 per dollar in October, remains under pressure amid the record-high interest rate differential with the Fed and concerns over Malaysia’s political stability. Photo: Richard Humphries/Bloomberg Photographer: Richard Humphries/Bloomberg
Malaysian exports, driven by a surge in electronics shipments, rose at the fastest pace in over three years in January, according to data released by the Ministry of Investment, Trade and Industry on Friday.
Shipping containers stacked at Westport Holdings Bhd. port at Port Klang, Selangor, Malaysia on Thursday, Feb. 8, 2024. The ringgit, which hit a 25-year low of almost 4.8 per dollar in October, remains under pressure amid the record-high interest rate differential with the Fed and concerns over Malaysia’s political stability. Photo: Richard Humphries/Bloomberg Photographer: Richard Humphries/Bloomberg
AirAsia co-founder Tony Fernandes said that the Asian airline’s branding unit is closing in on a Nasdaq-listed target for a backdoor listing later this year that would value the newly created entity at about $1.5 billion.
Tony Fernandes, chief executive officer of Capital A Bhd. and founder of AirAsia, in Kuala Lumpur, Malaysia, on Monday, Feb. 26, 2024. The aviation industry is experiencing a "purple patch" with demand for seats far outstripping capacity amid a long wait for new aircraft and a shortage of pilots further discouraging any fresh competition, Fernandes said.
Malaysia’s biggest solar company Solarvest Holdings Bhd. plans to more than double its generation capacity in the next two years, as declining battery costs enables further deployment of renewables.
A rendering of Solarvest's solar farm in Kuala Selangor. Source: Solarvest
Malaysian sovereign wealth fund Khazanah Nasional said its net assets grew by nearly 1% in 2025 from the previous year despite heightened global volatility.
The rapid increase in data centers in Malaysia came under the microscope on Saturday, with the AI-driven buildout drawing its first public protest in the Southeast Asian country.