Newsfeed – Business News
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 […]
Asian chip stocks rally after Nvidia earnings revive AI optimism
HONG KONG, Aug 27 — Asian chip firms rallied today following more blockbuster earnings from Nvidia that eased worries over the AI investment boom, though the euphoria was tempered by […]
Malaysia must strengthen market foundations to stay competitive, says Amir Hamzah
KUALA LUMPUR, Aug 27 — Malaysia must go beyond embracing new technologies by strengthening market foundations, improving efficiency and widening access to capital to keep its financial and capital markets […]
Qantas profit falls 20pc as Middle East conflict drives up fuel costs
SYDNEY, Aug 27 — Australian airline Qantas said today it expects fuel costs to stay high, after the Middle East war pushed up prices and led to a slump in […]