Newsfeed – Business News
Sunway Construction clinches RM1.75b data centre deal in Selangor with international hyperscaler
KUALA LUMPUR, April 17 — Sunway Construction Group Bhd (SunCon) has won a RM1.75 billion data centre construction project in Bandar Serendah, Selangor. It said that SCSB has entered into […]
Gamuda unit bags RM1.72b contract to build hyperscale data centre in Port Dickson
KUALA LUMPUR, April 17 — Gamuda Bhd’s wholly owned subsidiary, Gamuda Engineering Sdn Bhd, has secured a contract from a multinational technology company headquartered in the United States to build […]
China fines e-commerce giants RM2b over ‘ghost’ food deliveries
BEIJING, April 17 — China has issued fines totalling 3.6 billion yuan (RM2.08 billion) to seven major e-commerce platforms for food safety violations, the State Administration for Market Regulation (SAMR) […]
Ringgit firms against US dollar on stronger-than-expected GDP outlook
KUALA LUMPUR, April 17 — The ringgit closed higher against the US dollar on Friday, supported by positive sentiment following the release of Malaysia’s advance gross domestic product (GDP) estimates […]
Bursa Malaysia ends week higher as upbeat GDP outlook lifts sentiment
KUALA LUMPUR, April 17 — Bursa Malaysia closed the week higher, extending its upward momentum, buoyed by positive sentiment following the release of Malaysia’s advance gross domestic product (GDP) estimates, […]
Foreign investors flock back to Malaysian bonds in march, pouring in RM6.1b despite global jitters
KUALA LUMPUR, April 17 — Foreign investors demonstrated renewed confidence in the Malaysian bond market in March, pouring in a net RM6.1 billion in the strongest monthly inflow seen in […]
Low inflation helps Malaysia weather energy supply shock, says BNM governor
KUALA LUMPUR, April 17 — Malaysia’s relatively low inflation environment is expected to help the country weather the current energy supply shock, even as global oil prices are projected to […]
IMF flags ‘very severe’ global economic risks from Iran conflict, warns of rising costs
WASHINGTON, April 17 — IMF economists warned yesterday that the war in Iran could have “very, certainly severe” consequences far outside the region – especially for energy-importing countries. Countries in […]
Netflix shares tumble as Reed Hastings prepares to step down as chairman
SAN FRANCISCO, April 17 — Netflix shares plummeted more than eight per cent yesterday as the TV streaming titan reported quarterly revenue of US$12.25 billion, a result that slightly […]
Ringgit extends gains ahead of Malaysia 1Q GDP estimate release
KUALA LUMPUR, April 17 — The ringgit extended its gains against the US dollar and other major currencies on Friday, supported by firm domestic sentiment, as markets await Malaysia’s […]