Newsfeed – Business News
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 […]
Ringgit trading range-bound at 4.1450 before critical US inflation report
KUALA LUMPUR, June 24 — The ringgit opened easier against the US dollar this morning and is expected to remain range-bound ahead of the United States’ Personal Consumption Expenditures (PCE) […]
Australia’s tax overhaul chills nation’s long love affair with property
SYDNEY, June 24 — Just a short stroll from Sydney’s famous Bondi Beach, auctioneer Clarence White struggles to drum up bids for an airy three-storey home that boasts five bedrooms and […]