Newsfeed – Business News
Ringgit ends lower on long Merdeka weekend as markets brace for US Fed speech
KUALA LUMPUR, Aug 27 — The ringgit ended lower against the greenback on Thursday amid cautious sentiment ahead of the US Federal Reserve’s (Fed) Jackson Hole symposium. At 6 pm, […]
Poland goes after Meta with €250m fine request, says tech giant isn’t doing enough to stop scam ads
WARSAW, Aug 27 — Polish Deputy Prime Minister and Minister of Digital Affairs Krzysztof Gawkowski said on Thursday that he had formally asked the European Commission to fine US tech […]
MISC quarterly net profit more than doubles to RM1.15b
KUALA LUMPUR, Aug 27 — MISC Bhd’s net profit has more than doubled to RM1.15 billion in the second quarter ended June 30, 2026 (2Q 2026) from RM464.40 million in […]
IJM Corp on track for proposed IJM Construction listing in 3Q 2027, says group CEO
KUALA LUMPUR, Aug 27 — IJM Corporation Bhd has announced that the group is progressing with preparations for the proposed listing of its wholly owned subsidiary, IJM Construction Sdn Bhd, […]
Nvidia makes US$12.9b bet on open AI with Hugging Face deal
NEW YORK, Aug 27 — Nvidia is set to buy artificial intelligence platform Hugging Face for US$12.9 billion (RM51 billion), news outlet The Information reported yesterday, as the US chipmaking […]
Petronas Dagangan’s Setel says regulatory gaps fixed after RM637,500 BNM penalty
KUALA LUMPUR, Aug 27 — Petronas Dagangan Bhd’s subsidiary, Setel Ventures Sdn Bhd (Setel), has implemented the necessary remediation measures to address gaps identified in regulatory findings by Bank Negara […]
Hong Leong Capital FY2026 net profit rises 12pc to RM65.56m
KUALA LUMPUR, Aug 27 — Hong Leong Capital Bhd’s (HLCB) net profit for the financial year ended June 30, 2026 (FY2026) rose 12 per cent year-on-year to RM65.56 million from […]
Samsung hit with US$11.6m bill after smartwatch faces copied Omega, Tissot and other Swatch Group brands
LONDON, Aug 27 — Samsung has been ordered to pay Swatch Group US$11.6 million (RM46.7 million) after a London judge ruled that digital watch faces offered through its Galaxy app […]
Maybank posts net profit of RM2.69b in 2Q 2026
KUALA LUMPUR, Aug 27 — Malayan Banking Bhd’s (Maybank) net profit for the second quarter ended June 30, 2026 (2Q 2026) rose by 2.4 per cent to RM2.69 billion from […]
Malaysia business confidence rebounds in 3Q 2026, DOSM says
KUALA LUMPUR, Aug 27 — Businesses expect an improving business situation for the third quarter of 2026 (3Q 2026), with a positive confidence indicator of 5.9 per cent compared with […]