Newsfeed – Business News
Tanco hits another limit-down, erasing nearly RM6b in market value
KUALA LUMPUR, June 9 — Tanco Holdings Bhd slid sharply again today, extending a four‑day sell‑off that has erased almost RM6 billion from the property developer’s market capitalisation. In a […]
Ringgit rises versus US dollar, most regional units as tensions ease in West Asia
KUALA LUMPUR, June 9 — The ringgit closed higher against the US dollar and was mostly stronger against regional currencies today, supported by improved market sentiment amid easing geopolitical tensions […]
Bursa Malaysia slips on cautious trade amid US inflation watch, Israel‑Iran uncertainty
KUALA LUMPUR, June 9 — Bursa Malaysia ended lower today as investors adopted a cautious stance amid external uncertainties, keeping a close watch on the upcoming United States inflation as […]
Indonesia surprises markets with interest rate hike as rupiah slides to record low
JAKARTA, June 9 — Indonesia’s central bank announced a surprise 25-basis-point interest rate hike today, citing “high global volatility” and concerns over currency stability. More than a week […]
Property developer Tanco’s shares drop for fourth day, sell-off knocks almost RM5b off company value
KUALA LUMPUR, June 9 — Tanco Holdings Bhd’s shares reportedly fell for a fourth straight trading day today, deepening a sell-off that has wiped nearly RM5 billion from the property […]
Bursa Malaysia opens slightly lower as FBM KLCI slips 0.06pc in early trade
KUALA LUMPUR, June 9 — Bursa Malaysia opened slightly lower today with the key index slipping 0.06 per cent even as investors continued to participate in the broader market despite […]
Ringgit opens higher against US dollar, tracks weaker greenback amid easing West Asia tensions
KUALA LUMPUR, June 9 — The ringgit opened higher against the US dollar and most major currencies today, tracking a slight pullback in the US Dollar Index (DXY) amid […]
Private jet demand rises as Monaco GP, Cannes drive travel surge despite Iran war disruption
LONDON, June 9 — As soaring jet fuel prices triggered by the Iran war send ripples across the global travel market, a wealthy elite of CEOs, celebrities and sports stars […]
Airlines to fly more passengers but profits to halve in 2026, industry warns
RIO DE JANEIRO, June 9 — Airlines expect to carry more passengers this year but earn only half as much profit as in 2025, as high fuel prices don’t appear […]
AmBank to acquire Menara AmBank and related assets for RM331m to secure long‑term office space
KUALA LUMPUR, June 8 — AMMB Holdings Bhd’s wholly-owned subsidiary AmBank (M) Bhd has signed a conditional agreement to acquire Menara AmBank at Jalan Yap Kwan Seng, Kuala Lumpur, along […]