Bursa Malaysia’s main index pared losses at midday as banking stocks were lifted by bargain hunters and the slightly improved sentiment following the passage of the US debt ceiling bill by a wide margin.

Gains in banking stocks trim FBM KLCI's losses at midday

Synergy House Bhd, a cross-border e-commerce seller and furniture exporter of ready-to-assemble home furniture, opened at 38 sen on Thursday (June 1) on its debut on the ACE Market of Bursa Malaysia, 11% lower than its initial price offering (IPO) price of 43 sen.

Synergy House opens 11% lower at 38 sen on ACE Market debut

Large US companies have been on a bond issuance binge but this rapid pace in supply may be hard to sustain ahead of expected volatility related to extending the US debt ceiling and another possible move higher in interest rates.

US corporate debt binge could be hard to sustain

Former Green Packet Bhd group managing director Puan Chan Cheong, more familiarly known as CC Puan, has been declared bankrupt by the Kuala Lumpur High Court after failing to meet the requirements of bankruptcy notices filed on May 24 last year.

CC Puan declared bankrupt for failing to settle RM31m owed to Medinis, Everegion

WASHINGTON (May 31): A divided US House of Representatives passed a bill to suspend the US$31.4 trillion debt ceiling on Wednesday, with majority support from both Democrats and Republicans to overcome opposition led by hardline conservatives and avoid a catastrophic default.

US debt ceiling bill passes House with broad bipartisan support

China's factory activity unexpectedly swung to growth in May from decline, a private sector survey showed on Thursday, driven by improved production and demand, helping struggling firms that have been hit by slumping profits.

China's factory activity swings to surprise growth in May — Caixin PMI

KUALA LUMPUR (June 1): The ringgit traded higher against the US dollar in the early session on Thursday (June 1), following positive developments on the United States (US) debt limit negotiations.

Ringgit strengthens against US dollar in early session on June 1

BENGALURU (May 31): Indonesia and Malaysia will delay trade talks with the European Union (EU) while they seek fairer treatment for small palm oil producers, the Financial Times reported on Wednesday.

Indonesia, Malaysia freeze trade talks with EU over palm oil — FT

KUALA LUMPUR (June 1):  The collective wealth of Malaysian tycoons on the 2023 Forbes list of Malaysia’s 50 Richest edged up to US$81.6 billion, from US$80.5 billion last year.

50 richest Malaysians added US$1.1 bil to wealth last year, says Forbes

MCA Wanita chairperson Wong You Fong can be designated as an independent director of Star Media Group Bhd, where the political party owns a 43.23% direct stake, following an assessment conducted by the group’s nomination committee, said its independent non-executive chairman Tan Sri Chor Chee Heung.

Star Media chairman insists MCA Wanita chief can be independent director of the MCA-controlled company

KUALA LUMPUR (June 1): Malaysian manufacturers often reported demand weakness in May and this was evident across a range of indicators in the latest PMI survey.

Business conditions remain challenging, PMI dipped to 47.8 in May

(June 1): US inspectors have in recent months uncovered wide-ranging lapses at factories run by some of India’s biggest pharmaceutical firms, as the world’s top supplier of cheap medicine faces increased scrutiny after a spate of deadly manufacturing incidents.

Dozens of drugmakers were...

Contaminated drugs, shredded papers: US FDA uncovers failures in India pharma factories

(June 1): As frustration over China’s equity performance increases, some of Asia’s other major markets are emerging as more attractive alternatives for global investors.

The divergence has been on full display this week. A key Chinese stock gauge saw losses from its recent peak reach 20...

Global money is fast chasing alternatives in Asian equities as China anxiety grows

(June 1): U.S. stocks closed down on Wednesday as a deal to raise the federal debt ceiling headed for a crucial vote in Congress, while unexpectedly strong labor market data rattled investors who fear the Federal Reserve might hike interest rates again in June.

The House of Representati...

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