Newsfeed – Business News
MCE Holdings’ subsidiaries to supply components for new Proton car model
KUALA LUMPUR: MCE Holdings Bhd said its subsidiaries have secured contracts to supply electronics and mechatronics components to Proton for a new car model. Read full story Date: 29 January, […]
Insurance, takaful industry commits to timely claims, supports MHIT plan
KUALA LUMPUR: The Malaysian insurance and takaful industry is committed to ensuring timely claims payouts, clear communication with hospitals, and efficient claims processing, enabling Malaysians to access care without delay. […]
Nipah virus may offer short-term upside for glove shares
PETALING JAYA: A new outbreak of the Nipah virus in India’s West Bengal has the potential to alter sentiment in Malaysia’s glove industry, but the risk of a sector-wide re-rating […]
Profit-taking on Bursa continues as Fed decision yields no surprises
KUALA LUMPUR: Traders turned to profit-taking on Bursa Malaysia after the announcement of the US Federal Reserve’s decision to stay put on the interest rate, as the absence of new […]
Elridge Energy explores partnership in Saudi Arabia market
KUALA LUMPUR: Elridge Energy Holdings Bhd is assessing a collaboration with Saudi Arabia’s Green Stream LLC in a bid to explore new international markets for its biomass and renewable energy […]
Ringgit rises to 3.9130 vs greenback on strong fundamentals, US Fed holds rates
KUALA LUMPUR: The ringgit opened marginally firmer against the US dollar on Thursday, supported by confidence in Malaysia’s economic growth and solid domestic fundamentals, while investors assessed the US Federal […]
Goldman Sachs cuts rating on Indonesian equities after MSCI flags investability risk
SINGAPORE: Goldman Sachs lowered its rating on Indonesian equities on Thursday, a day after index provider MSCI flagged investability risks, predicting passive selling to continue, and the worries to remain […]
Fed leaves rates unchanged, sees ‘somewhat elevated’ inflation and stabilizing job market
WASHINGTON: The Federal Reserve held interest rates steady on Wednesday amid what U.S. central bank chief Jerome Powell described as a solid economy and diminished risks to both inflation and […]
Nasdaq ends slightly up as Fed brings little surprise
The Nasdaq rose slightly with a boost from chip stocks while the S&P 500 closed virtually unchanged on Wednesday as investor reactions were muted after the Federal Reserve kept interest […]
Samsung sees strong AI demand after profit triples to record high
SEOUL: Samsung Electronics said its operating profit more than tripled to a record high in the fourth quarter and forecast strong chip demand ahead, as the race to build artificial […]