AI angst wipes US$22.5bil off Indian IT stocks in worst week in four months

The Stars - Feb 6, 2026

BENGALURU: Indian software exporters plunged another 2% on Friday and looked set to end a tumultuous week that has seen $22.5 billion in market value losses on growing fears that new AI tools could severely disrupt the country's IT outsourcing industry. Read full story

Read full article

More News

KPJ Healthcare appoints Prof Datuk Dr Hanafiah Harunarashid as chief medical director

Feb 6, 2026

KPJ Healthcare appoints Prof Datuk Dr Hanafiah Harunarashid as chief medical director

KUALA LUMPUR: KPJ Healthcare Bhd has appointed Professor Datuk Dr Hanafiah Harunarashid as its new chief medical director (CMD), reinforcing the healthcare group's system-wide focus on clinical governance, patient safety and consistent standards of care across its hospital network Read full story

Ringgit ends flat against US$

Feb 6, 2026

Ringgit ends flat against US$

KUALA LUMPUR: The ringgit traded flat against the US dollar at Friday's close, pressured by profit-taking as traders locked in gains accumulated earlier. Read full story

AWC units secure RM26.6mil projects in Malaysia, Singapore

Feb 6, 2026

AWC units secure RM26.6mil projects in Malaysia, Singapore

PETALING JAYA: AWC Bhd's subsidiaries under Stream Group Sdn Bhd, namely Stream Environment Sdn Bhd and Stream Environment (S) Pte Ltd have secured three projects in Malaysia and Singapore worth a total RM26.6mil. Read full story

AutoCount gets approval to transfer to Main Market

Feb 6, 2026

AutoCount gets approval to transfer to Main Market

KUALA LUMPUR: AutoCount Dotcom Bhd has received regulatory approval to transfer its listing to the Main Market of Bursa Malaysia Securities Bhd. Read full story

Plenitude posts net profit of RM26.25mil in 2Q

Feb 6, 2026

Plenitude posts net profit of RM26.25mil in 2Q

PETALING JAYA: Plenitude Bhd attributed its lower earnings for the second quarter of financial year ending June 30, 2026 (2Q26) to weaker performance by its property development division. Read full story

Midtown unit bags RM40.5mil data centre job in Cyberjaya

Feb 6, 2026

Midtown unit bags RM40.5mil data centre job in Cyberjaya

KUALA LUMPUR: Midtown Group Bhd via its wholly-owned subsidiary Midtown Engineering Sdn Bhd has accepted a RM40.5mil contract from Exyte Malaysia Sdn Bhd for the design and construction of main works for KUL22, a data centre in Cyberjaya. Read full story

Ireka unit accepts RM125mil construction job in Bintulu

Feb 6, 2026

Ireka unit accepts RM125mil construction job in Bintulu

KUALA LUMPUR: Ireka Corp Bhd said its wholly-owned subsidiary Shoraka Construction Sdn Bhd has secured a RM125mil contract from Sarawak Land (Kemena Park) Sdn Bhd for the proposed construction of the Pinnacle Condominium at Jalan Tanjung Batu, Bintulu, Sarawak. Read full story

Sapura Industrial subsidiary inks supply agreement with lithium battery manufacturer

Feb 6, 2026

Sapura Industrial subsidiary inks supply agreement with lithium battery manufacturer

KUALA LUMPUR: Sapura Industrial Bhd (SIB) via its 51%-owned sub-subsidiary SIB ZZT Sdn Bhd has executed an agreement for the supply of products and materials by SIB ZZT to EVE Energy Malaysia Sdn Bhd. Read full story

Bursa Malaysia closes at intraday high on late buying

Feb 6, 2026

Bursa Malaysia closes at intraday high on late buying

KUALA LUMPUR: Bursa Malaysia reversed earlier losses to end at its intraday high on Friday, due to late buying in selected heavyweights. Read full story

Teladan inks partnership with Melaka Corp to promote German Technology Park

Feb 6, 2026

Teladan inks partnership with Melaka Corp to promote German Technology Park

KUALA LUMPUR: Teladan Group Bhd's wholly-owned subsidiary, Riverwell Resources Sdn Bhd, has inked a strategic cooperation agreement with Melaka's state development agency, Melaka Corp (MCorp), to jointly promote and drive the sale of industrial land in the German Technology Park in Jasin. Read full story

Matang to expand durian plantations with RM18.2mil land purchase in Tangkak

Feb 6, 2026

Matang to expand durian plantations with RM18.2mil land purchase in Tangkak

KUALA LUMPUR: Matang Bhd's wholly-owned subsidiary, Matang Agriculture and Plantation (Segamat) Sdn Bhd (Maps), is looking to increase its landbank for durian plantations via the purchase of 10 adjacent parcels of agricultural land in Tangkak, Johor, for about RM18.2mil cash. Read full story

Trade-in gold jewellery on uptrend, driving sales moving forward - Tomei

Feb 6, 2026

Trade-in gold jewellery on uptrend, driving sales moving forward - Tomei

KUALA LUMPUR: Tomei Consolidated Bhd foresees that trade-in gold jewellery will experience a continuous uptrend as consumers take the opportunity to renew their jewellery collections for the upcoming festive season, supported by stronger gold prices. Read full story

With Puma stake, China's Anta seeks to enter the arena with Nike and Adidas

Feb 6, 2026

With Puma stake, China's Anta seeks to enter the arena with Nike and Adidas

SHANGHAI/HONG KONG: Anta Sports , China's top sportswear company, has leaped onto the international stage with an acquisition-driven global portfolio, including last week's $1.8 billion deal for a 29% stake in Germany's Puma. Read full story

Stocks reel as silver and cryptocurrencies whipsaw

Feb 6, 2026

Stocks reel as silver and cryptocurrencies whipsaw

SINGAPORE: A global stock rout on Wall Street spilled into Asia on Friday, leaving investors dazed and many regional benchmarks in the red as wrenching volatility gripped precious metals and cryptocurrencies. Read full story

Bitcoin rebounds after brushing US$60,000 level

Feb 6, 2026

Bitcoin rebounds after brushing US$60,000 level

SINGAPORE: Bitcoin bounced from a 16-month low on Friday after testing the key $60,000 level, as a global rout in technology stocks that washed out risky bets across asset classes showed tentative signs of easing. Read full story

WCT to launch RM5bil Islamic notes programme

Feb 6, 2026

WCT to launch RM5bil Islamic notes programme

KUALA LUMPUR: WCT Holdings Bhd plans to establish an Islamic notes issuance programme with an aggregate nominal value of up to RM5 billion, comprising senior Islamic medium-term notes and/or subordinated perpetual Islamic notes based on the Shariah principle of Wakalah Bi Al-Istithmar. Read full story

Bursa Malaysia issues UMA query to Greentronics Technology

Feb 6, 2026

Bursa Malaysia issues UMA query to Greentronics Technology

KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to Greentronics Technology Bhd following the sharp fall in the price of its shares, with increased trading volume today. Read full story

PNB yet to decide on Sunway's offer for IJM Corp stake

Feb 6, 2026

PNB yet to decide on Sunway's offer for IJM Corp stake

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has yet to decide on Sunway Bhd's voluntary general offer (VGO) to acquire its shares in IJM Corporation Bhd and will assess the offer based on commercial considerations, including the investment returns based on IJM's intrinsic and future value, the cash consideration and the estimated future value of swap shares offered. Read full story

Bursa Malaysia lower at midday amid selling pressure

Feb 6, 2026

Bursa Malaysia lower at midday amid selling pressure

KUALA LUMPUR: Bursa Malaysia extended its downward momentum at midday on continued selling pressure in selected heavyweight counters, led by industrial products and services, transportation and logistics, as well as financial services sectors. Read full story

Bank Islam appoints Raja Datin Paduka Teh Maimunah as group CEO

Feb 6, 2026

Bank Islam appoints Raja Datin Paduka Teh Maimunah as group CEO

KUALA LUMPUR: Bank Islam Malaysia Bhd has announced Raja Datin Paduka Teh Maimunah Raja Abdul Aziz will assume the role of group CEO from April 1, 2026. Read full story

Oil set for first weekly decline in seven weeks ahead of US-Iran talks

Feb 6, 2026

Oil set for first weekly decline in seven weeks ahead of US-Iran talks

SINGAPORE: U.S. crude futures rose slightly on Friday but were on track for their first weekly drop in seven weeks as supply concerns eased, and investors focused on the outcome of U.S.-Iran nuclear talks in Oman later in the day. Read full story

ACE Market debutant AmBest expects revenue growth on AI-driven semiconductor demand

Feb 6, 2026

ACE Market debutant AmBest expects revenue growth on AI-driven semiconductor demand

KUALA LUMPUR: Provider of precision machining and engineering supporting services AmBest Group Bhd expects higher revenue growth from future orders as supported by sustained demand from the semiconductor sector and artificial intelligence (AI)-related requirements. Read full story

PLS Plantations, Nippon Paper Group explore feasibility of large-scale eucalyptus plantation

Feb 6, 2026

PLS Plantations, Nippon Paper Group explore feasibility of large-scale eucalyptus plantation

KUALA LUMPUR: PLS Plantations Bhd is undergoing a three-year collaboration with Nippon Paper Industries Co Ltd (NPI) and Nippon Paper Lumber Co Ltd (NPL) to explore the feasibility of developing a large-scale eucalyptus plantation programme in Malaysia. Read full story

Bitcoin rises slightly, but a drop below $60,000 could push it into the mid-$50,000 range

Feb 6, 2026

Bitcoin rises slightly, but a drop below $60,000 could push it into the mid-$50,000 range

Bitcoin experienced a significant plunge in early Asia trading on Friday, falling as much as 4.8% to US$60,033, reaching its lowest level since October 2024. This selloff effectively erased all gains booked by the token since United States President Donald Trump’s 2024 election victory.

Stocks tumble as AI rout deepens, cryptos rebound

Feb 6, 2026

Stocks tumble as AI rout deepens, cryptos rebound

SINGAPORE: Global equities extended losses into a third day on Friday as a selloff on Wall Street intensified, with precious metals and cryptocurrencies gripped by wrenching volatility. Read full story

Gold, silver set for weekly losses on tech selloff and stronger dollar

Feb 6, 2026

Gold, silver set for weekly losses on tech selloff and stronger dollar

GOLD and silver recouped early losses on Friday, but were headed for a second straight week of declines as a global rout in tech equities and a stronger U.S. dollar wiped out gains made by the metals during a brief rebound earlier this week. Read full story

Five Key Challenges for China’s Green Economy in 2026

Feb 6, 2026

Five Key Challenges for China’s Green Economy in 2026

China's five-year plan targets carbon peaking by 2030 and neutrality by 2060, but coal dominates energy. Challenges include inefficient renewable energy distribution and costly grid upgrades amid ongoing economic difficulties.

Ringgit opens lower as easing risks lift US$

Feb 6, 2026

Ringgit opens lower as easing risks lift US$

KUALA LUMPUR: The ringgit opened lower against the US dollar on Friday, pressured by external spillovers as receding near-term geopolitical tensions lent support to the greenback. Read full story

FBM KLCI slips further as global tech rout continues

Feb 6, 2026

FBM KLCI slips further as global tech rout continues

KUALA LUMPUR: Bursa Malaysia fell in early morning trade as the global rout in tech stocks coupled with signs of a slowing labour market in the US sapped risk appetite for equities. Read full story

Indonesian markets face more pressure after Moody's cuts outlook

Feb 6, 2026

Indonesian markets face more pressure after Moody's cuts outlook

SINGAPORE: Markets in Indonesia could come under more pressure on Friday after Moody's lowered the nation's credit rating outlook, the latest jolt in a turbulent start to the year for Southeast Asia's largest economy. Read full story

Trading ideas: Sunview, KJTS, Keyfield, Maxis, Solarvest, Hi Mobility, Haily, Oxford Innotech, Farm Price, Timberwell, TP TEC, BCorp, BFood

Feb 6, 2026

Trading ideas: Sunview, KJTS, Keyfield, Maxis, Solarvest, Hi Mobility, Haily, Oxford Innotech, Farm Price, Timberwell, TP TEC, BCorp, BFood

KUALA LUMPUR: Here is a recap of the announcements that made headlines in Corporate Malaysia. Read full story

Oil settles down on easing supply concerns

Feb 5, 2026

Oil settles down on easing supply concerns

Oil prices settled down almost 3% on Thursday in choppy trading, after the US and Iran agreed to hold talks in Oman on Friday, easing concerns about Iranian crude supplies. Read full story

Wall St ends sharply down as AI worries weigh

Feb 5, 2026

Wall St ends sharply down as AI worries weigh

Wall Street ended sharply lower on Thursday, with the Nasdaq dragged to its lowest since November by losses in Microsoft, Amazon and other tech heavyweights after Alphabet said it could double capital spending on AI in the race to dominate the emerging technology. Read full story

Strengthening ASEAN Currency Resilience: Towards Financial Independence

Feb 5, 2026

Strengthening ASEAN Currency Resilience: Towards Financial Independence

ASEAN currencies showcase resilience driven by strong economic fundamentals and regional integration efforts. Measures such as local currency frameworks and advancements in fintech minimize dependence on the US dollar, bolstering regional stability and fostering investment opportunities.

Haily secures RM48mil Johor contract

Feb 5, 2026

Haily secures RM48mil Johor contract

Haily Group Bhd has accepted a letter of award from Gunung Impian Development Sdn Bhd for the construction of 113 units of double-storey homes in Johor. Read full story

Farm Price proposes transfer to Main Market

Feb 5, 2026

Farm Price proposes transfer to Main Market

Farm Price Holdings Bhd has proposed the transfer of the listing and quotation of its entire issued share capital and warrants from the ACE Market to the Main Market of Bursa Malaysia. Read full story

Kanger in RM26mil property sale

Feb 5, 2026

Kanger in RM26mil property sale

Kanger International Bhd is disposing of 23 units of proposed serviced apartments at Block A, Antara @ Genting Highlands to Pioneer Resources Development Sdn Bhd for RM25.93mil. Read full story

Govt may reconsider support for ‘mature’ REIT sector

Feb 5, 2026

Govt may reconsider support for ‘mature’ REIT sector

The government may need to reconsider the continuation of support for the real estate investment trust (REIT) sector as the industry has reached a level of maturity and strong commercial viability, says Finance Minister II Datuk Seri Amir Hamzah Azizan. Read full story

Sunview to diversify into solar power generation

Feb 5, 2026

Sunview to diversify into solar power generation

Sunview Group Bhd is proposing to diversify its existing principal activities to include solar power generation. Read full story

Recommended

Newsletter

Subscribe to us for more recent news from Biz Daily Online

ABOUT US
Biz Daily Online

Biz Daily Online gives a complete understanding of the world of business to you. Get today’s business news and learn about the trends that are affecting every business here.

Copyright © 2015 - 2026 Biz Daily Online. All Rights Reserved.