Newsfeed – Business News
Ringgit shrugs off oil spike, rate hike jitters to close higher
KUALA LUMPUR, Sept 10 — The ringgit closed marginally higher against the US dollar on Thursday despite elevated crude oil prices and expectations of a possible US interest rate hike, […]
RHB IB sees RM83b development spending under Malaysia’s Budget 2027
KUALA LUMPUR, Sept 10 — RHB Investment Bank Bhd (RHB IB) estimates that the total federal government allocation for Budget 2027 will be RM437.8 billion. Meanwhile, development expenditure (DE) is […]
FIMM bars three former consultants over forged signatures, investor funds misconduct
KUALA LUMPUR, Sept 10 — The Federation of Investment Managers Malaysia (FIMM) recently reprimanded three former unit trust scheme (UTS) and private retirement scheme (PRS) consultants for misconduct and breaches […]
MPOB: Malaysia’s palm oil stocks climb 7.5pc to 2.82 million tonnes in August
KUALA LUMPUR, Sept 10 — Malaysia’s total palm oil stocks rose by 196,590 tonnes, or 7.48 per cent, to 2.82 million tonnes in August 2026 from 2.62 million tonnes a […]
Oil price surge weighs on Bursa Malaysia, KLCI down 7.52 points
KUALA LUMPUR, Sept 10 — Bursa Malaysia stayed lower at mid-morning as selling activity continued amid cautious sentiment following higher oil prices which rose above US$101 (RM410) per barrel, fuelling […]
Oil prices climb above US$100 as Iran tightens grip on Hormuz
TEHRAN, Sept 10 — Oil prices hovered above US$100 (RM407) a barrel on Thursday, a day after Iran said it attacked more than a dozen vessels trying to pass through […]
Asian stocks tumble as oil tops US$100, reviving rate hike fears
HONG KONG, Sept 10 — Asian stocks fell Thursday as oil prices extended gains a day after breaking the psychological US$100 barrier (RM407) on the back of resurgent Middle East […]
Myanmar tin mine resumes operations as China imports surge
YANGON, Sept 10 — One of the world’s biggest tin mines, located in an autonomous region of war-torn Myanmar, is resuming operations suspended since 2023 and ramping up exports to […]
Bursa Malaysia opens lower as Wall Street weakness, oil prices weigh
Bursa malaysia opens lower, tracking weaker wall street KUALA LUMPUR, Sept 10 — Bursa Malaysia opened lower on Thursday, tracking Wall Street’s broadly weaker performance overnight amid rising crude oil […]
Ringgit opens steady against US dollar as investors await US CPI data
KUALA LUMPUR, Sept 10 — The ringgit held steady against the US dollar at Thursday’s opening as investors awaited the release of US consumer price index (CPI) data on Friday. […]