Newsfeed – Business News
SpaceX IPO hands Musk sweeping power, curbs shareholder rights with supervoting shares, forced arbitration, Texas law
Filing reveals strict limits on shareholder rights, including forced arbitration and supervoting shares Musk’s control enabled by Texas incorporation, bypassing many standard governance protections for investors Some investors and experts […]
Malaysia positions carbon market as strategic pillar to drive trade competitiveness, says Arthur Kurup
KUALA LUMPUR, May 7 — Malaysia is positioning the carbon market as a critical economic driver to bolster industrial competitiveness and meet its ambitious climate targets under the newly approved […]
Ringgit edges higher against US dollar, regional peers after BNM maintains OPR
KUALA LUMPUR, May 7 — The ringgit extended its gains today, closing firmer against major currencies and most regional peers following Bank Negara Malaysia’s (BNM) move to maintain the Overnight […]
Bursa Malaysia closes slightly higher after BNM holds OPR at 2.75pc
KUALA LUMPUR, May 7 — Bursa Malaysia closed marginally higher today, supported by continued buying in banking heavyweights following Bank Negara Malaysia’s decision to maintain the overnight policy rate (OPR) […]
PNB names Rizal Rickman as new president and group CEO, effective July 1, 2026
KUALA LUMPUR, May 7 — Permodalan Nasional Bhd (PNB) has appointed Datuk Rizal Rickman Ramli as its new president and group chief executive (PGCE), effective July 1, 2026, following the […]
Bank Negara sees steady Malaysia growth in 1Q 2026 despite external risks
KUALA LUMPUR, May 7 — Bank Negara Malaysia (BNM) said Malaysia’s latest economic indicators point towards continued growth momentum in the first quarter of 2026 (1Q 2026), driven by sustained […]
AirAsia to launch new airline as Tony Fernandes shrugs off fuel price pressures
KUALA LUMPUR, May 7 — AirAsia X Bhd co-founder Tan Sri Tony Fernandes says the airline group is preparing to launch a new carrier, pressing ahead with expansion plans despite […]
Bank Negara keeps OPR at 2.75pc as global risks cloud outlook
KUALA LUMPUR, May 7 — Bank Negara Malaysia’s Monetary Policy Committee (MPC) has maintained the Overnight Policy Rate (OPR) at 2.75 per cent during its meeting today. In a statement, […]
Stats Dept: Malaysia services PPI up 2.1pc in 1Q as transport, food costs climb
KUALA LUMPUR, May 7 — Malaysia’s services producer price index (PPI) rose 2.1 per cent in the first quarter of 2026 (1Q 2026), compared with 1.0 per cent recorded in […]
SpaceX lands major AI data centre deal with Anthropic in high-stakes computing push
SAN FRANCISCO, May 7 — AI startup Anthropic announced Wednesday it has agreed to a major computing partnership with Elon Musk’s SpaceX, securing access to a vast data centre as […]