Newsfeed – Business News
Ringgit gains against yen, pound and euro, slips against US dollar
KUALA LUMPUR, Oct 7 — The ringgit closed higher against most major currencies but lower against the US dollar today, as the greenback strengthened broadly amid renewed concerns over Europe’s […]
Bursa Malaysia retreats as higher US yields and crude oil prices weigh on sentiment
KUALA LUMPUR, Oct 7 — Bursa Malaysia ended lower today in tandem with weaker regional markets, failing to track Wall Street’s rally as elevated US Treasury yields and renewed gains […]
Micron workers vote to strike despite offer worth up to 68 months’ salary
TAIPEI, Oct 7 — Hundreds of workers at a Micron Technology plant in Taiwan have voted to strike, their union said today, after talks with the US memory chip giant […]
Armizan: RM1m IP fund could help 50 Malaysian SMEs and start-ups access financing
KUALA LUMPUR, Oct 7 — At least 50 small and medium enterprises (SMEs) and start-ups are expected to benefit from the RM1 million Intellectual Property (IP) Valuation Financing Fund spearheaded […]
Penang lands US$70m semiconductor materials investment, 1,000 jobs planned
GEORGE TOWN, Oct 7 — PEN SJ Electronics Sdn Bhd has pledged to invest over US$70 million (US$1=RM4.08) to establish an advanced packaging materials and thermal management solutions facility in […]
Iran war ends? IMF boss says the energy price pain may not
BANGKOK, Oct 7 — High energy prices resulting from the Iran war are likely to persist for some time, International Monetary Fund (IMF) Managing Director Kristalina Georgieva warned today, reported […]
IMF boss warns AI boom could widen global inequality
SINGAPORE, Oct 7 — The global AI boom is fast becoming the key driver of economies around the world but the boom is risking wider global inequality by leaving some […]
Indonesia plans one million hectares of sugarcane for its E20 bioethanol ambition
JAKARTA, Oct 7 — Indonesia will “open new plantations” for sugarcane used in bioethanol production, the government said, even as it announced a halt to deforestation for rice paddy expansion. […]
Is Your K-beauty or K-food real? South Korea’s new QR system will tell you
SEOUL, Oct 7 — South Korea’s president said today the country is taking steps to protect the country’s booming cultural cache, launching a new “K-brand” authentication system that will let […]
India’s central bank breaks three-year pause with rate hike amid Middle East war
MUMBAI, Oct 7 — India’s central bank hiked interest rates for the first time in more than three years today as the Middle East conflict stokes inflation in Asia’s third-largest […]