Newsfeed – Business News
Penang projects up to 5pc GDP growth in 2026, driven by high-tech sector
GEORGE TOWN, May 14 — Penang’s economy is poised to grow 4 per cent to 5 per cent in 2026, buoyed by the state’s robust high-tech manufacturing sector and continued […]
Perodua targets one million vehicle sales for Malaysia by 2030
RAWANG, May 14 — Perodua has projected Malaysia’s automotive total industry volume (TIV) to be about one million by 2030. President and CEO Datuk Sri Zainal Abidin Ahmad said: “We […]
Cost cuts help Burberry swing back into black in latest financial year
LONDON, May 14 — British luxury fashion label Burberry said Thursday it returned to profit last year thanks to a sizeable cost-cutting plan launched at the end of 2024. Net […]
Taiwan’s Foxconn posts stronger Q1 earnings on surging Nvidia-linked AI server business
TAIPEI, May 14 — Taiwanese tech hardware giant Foxconn on Thursday announced a 19-percent jump in quarterly net profit as the booming market for artificial intelligence servers drives growth, despite […]
Honda posts first operating loss since 1957 after scrapping US EV plans
TOKYO, May 14 — Honda announced Thursday its first operational loss since 1957 after a major overhaul of its electric vehicle strategy in the United States. Japan’s number two automaker […]
‘Network School’ project in Johor by ex-Coinbase tech chief draws govt interest, and scrutiny
KUALA LUMPUR, May 14 — Silicon Valley crypto investor Balaji Srinivasan is seeking closer cooperation with Malaysian policymakers to expand his “Network School” project in Forest City, Johor, business news […]
Blackstone-owned AirTrunk eyes RM9b financing for massive Johor data centre, report says
KUALA LUMPUR, May 14 — Australian data centre company AirTrunk, which is owned by US-based Blackstone, is reportedly seeking a US$2.3 billion (about RM9.04b) loan to finance a major data centre project in […]
AI chip firm Cerebras launches Wall Street debut as biggest US IPO of 2026
NEW YORK, May 14 — US chip startup Cerebras Systems announced that its listing on Wall Street will start Thursday at US$185 per share, raising about US$5.5 billion, the largest […]
Indian pharma firms linked to export of powerful opioids fuelling West Africa drug crisis
NEW DELHI, May 14 — Indian pharmaceutical firms are exporting millions of dollars’ worth of powerful opioids to west Africa despite a promised crackdown, an AFP investigation found Thursday, with […]
Germany looks to deepen investment in Johor-Singapore SEZ amid global supply chain realignment
ISKANDAR PUTERI, May 14 — Johor is increasingly being viewed as a strategic gateway into Asean as Germany seeks to diversify global supply chains and expand investment partnerships in the […]