Newsfeed – Business News
Malaysia defies global slump with 5.4pc Q1 GDP growth
KUALA LUMPUR, May 15 — The Malaysian economy recorded a firm growth of 5.4 per cent in the first quarter of 2026, driven by strong domestic demand and a continued […]
Seven-day ringgit rally stalls as Malaysia’s Q1 GDP numbers loom
KUALA LUMPUR, May 15 — The ringgit snapped a seven-trading-day rally to ease against the US dollar as traders turned cautious ahead of Malaysia’s first-quarter (1Q) 2026 gross domestic product […]
Could Elon Musk cripple OpenAI? US jury weighs battle of the billionaires
OAKLAND, May 15 — Lawyers for Elon Musk and OpenAI presented closing arguments Thursday in a blockbuster trial where the verdict could hobble ChatGPT’s parent company in the breakneck race […]
End of an era: LVMH confirms massive sale of Marc Jacobs brand
NEW YORK, May 15 — French luxury giant LVMH will sell its Marc Jacobs brand to US brand firm WHP Global, the two companies said Thursday. Marc Jacobs, acquired by […]
Penang projects up to 5pc GDP growth in 2026, driven by high-tech sector
GEORGE TOWN, May 14 — Penang’s economy is poised to grow 4 per cent to 5 per cent in 2026, buoyed by the state’s robust high-tech manufacturing sector and continued […]
Perodua targets one million vehicle sales for Malaysia by 2030
RAWANG, May 14 — Perodua has projected Malaysia’s automotive total industry volume (TIV) to be about one million by 2030. President and CEO Datuk Sri Zainal Abidin Ahmad said: “We […]
Cost cuts help Burberry swing back into black in latest financial year
LONDON, May 14 — British luxury fashion label Burberry said Thursday it returned to profit last year thanks to a sizeable cost-cutting plan launched at the end of 2024. Net […]
Taiwan’s Foxconn posts stronger Q1 earnings on surging Nvidia-linked AI server business
TAIPEI, May 14 — Taiwanese tech hardware giant Foxconn on Thursday announced a 19-percent jump in quarterly net profit as the booming market for artificial intelligence servers drives growth, despite […]
Honda posts first operating loss since 1957 after scrapping US EV plans
TOKYO, May 14 — Honda announced Thursday its first operational loss since 1957 after a major overhaul of its electric vehicle strategy in the United States. Japan’s number two automaker […]
‘Network School’ project in Johor by ex-Coinbase tech chief draws govt interest, and scrutiny
KUALA LUMPUR, May 14 — Silicon Valley crypto investor Balaji Srinivasan is seeking closer cooperation with Malaysian policymakers to expand his “Network School” project in Forest City, Johor, business news […]