Newsfeed – Business News
Weststar Aviation secures RM2b financing from AmBank to double fleet
KUALA LUMPUR, April 9 — Weststar Group’s aviation arm Weststar Aviation Services Sdn Bhd has inked a RM2 billion financing deal with AMMB Holdings Bhd (AmBank Group) to accelerate its […]
From plastics to palm oil: Nine in 10 Malaysian manufacturers face crunch from shortages and high costs
KUALA LUMPUR, April 9 — Malaysian manufacturers are bracing for disruption. Nine in 10 manufacturers in the country expect operational hiccups in the coming weeks, with raw material shortages, rising […]
Subsidy surge: India raises fertiliser support 11pc as war-driven costs bite
NEW DELHI, April 9 — India has hiked subsidies for farming fertilisers by 11 per cent from last year to support its vast agriculture sector from surging prices sparked by […]
Labuan FSA unveils five-year plan to strengthen Islamic finance and digital economy from 2027
LABUAN, April 9 — The Labuan Financial Services Authority (Labuan FSA) is set to launch a new five-year blueprint by the end of this year or early next year, with […]
TikTok Shop posts over 130pc sales growth during Ramadan, Aidilfitri
KUALA LUMPUR, April 9 — TikTok Shop, which markets Malaysian-made products by micro, small and medium enterprises (MSMEs) as well as local brands via TikTok Shop Mall, recorded sales growth […]
ExxonMobil flags 6pc first-quarter output drop from Middle East disruptions
NEW YORK, April 9 — ExxonMobil on Wednesday disclosed a six per cent drop in first-quarter petroleum production due to Middle East war-related outages, according to a securities filing. The […]
Bursa Malaysia opens lower despite Wall Street gains, Brent crude rises
KUALA LUMPUR, April 9 — Bursa Malaysia opened lower on Thursday despite positive Wall Street performance overnight. At 9.06am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 10.58 points, or […]
Oil prices dive, markets rally on US-Iran ceasefire
NEW YORK, April 9 — Oil and gas prices plunged, stock markets soared and the dollar retreated Wednesday after the United States and Iran agreed to a temporary ceasefire that […]
Malaysian glove maker WRP to wind down operations as Iran war drives costs, supply crunch
KUALA LUMPUR, April 9 — Malaysian rubber glove manufacturer WRP Asia Pacific Sdn Bhd will begin winding down its operations this month, citing disruptions to global energy and petrochemical supply […]
Ringgit firms at 3.97 amid ceasefire optimism, but outlook stays fragile
KUALA LUMPUR, April 9 — The ringgit remained firmer at the 3.97 level against the US dollar and other major currencies at Thursday’s opening, supported by improved market optimism following […]