Newsfeed – Business News
TikTok owner ByteDance launches paid tier for China’s most popular AI chatbot
BEIJING, June 24 — Chinese tech giant and TikTok creator ByteDance introduced paid subscriptions for the country’s most popular AI chatbot today, as it seeks to monetise its enormous user […]
Ringgit extends gains as strong FDI data lifts confidence
KUALA LUMPUR, June 24 — The ringgit extended its gains to close higher against the US dollar and other major currencies, as well as ASEAN peers, on Wednesday, supported by […]
Malaysia courts US firms with pitch for Johor-Singapore economic zone
SINGAPORE, June 24 — Malaysia is committed to fostering deeper engagement with American companies, particularly within the Johor-Singapore Special Economic Zone (JS-SEZ). Johor Economic, Tourism and Cultural Office (JETCO) Singapore’s […]
BNM fines AEON Credit RM520,000 over sanctions compliance breaches
KUALA LUMPUR, June 24 — AEON Credit Service (M) Bhd (AEON Credit) has been fined RM520,000 for failing to comply with requirements relating to targeted financial sanctions (TFS). In a […]
Armed Forces cooperative declares 7.3pc dividend, pays out RM126.2m to members
KUALA LUMPUR, June 24 — Koperasi Angkatan Tentera Malaysia Bhd (Koperasi Tentera) has declared a 7.3 per cent dividend involving a total payout of RM126.2 million to more than 154,000 […]
South Korea’s AI chip darling SK hynix eyes record-breaking US$29b Nasdaq debut
SEOUL, June 24 — South Korea’s SK hynix, a maker of memory chips for artificial intelligence data centres, said today it plans to raise 45.45 trillion won (US$29 billion) through […]
Bursa Malaysia closes higher as bargain hunters return after recent losses
KUALA LUMPUR, June 24 — Bursa Malaysia finished higher on Wednesday as bargain-hunting activities emerged following recent pullback in the market, analysts said. At 5pm, the FTSE Bursa Malaysia KLCI […]
Airbus orders urgent A380 wing inspections after cracks found
TOULOUSE, June 24 — Airbus on Tuesday said it would inspect 16 A380 planes, five of them immediately, after cracks were found in a key wing component on aircraft used […]
Lazada layoffs: E-commerce firm to cut 5pc of Southeast Asian workforce
SINGAPORE, June 24 — Regional e-commerce heavyweight Lazada will retrench 5 per cent of its Southeast Asian workforce, including in Singapore, as the company pivots toward a leaner operational model. […]
Reprieve for Indonesia as MSCI delays emerging markets downgrade decision to November
SINGAPORE, June 24 — Indonesia held on to its emerging markets status, for now, as global index provider MSCI on Tuesday extended its review to November to assess the slate […]