Newsfeed – Business News
Ringgit ends firmer vs greenback as expectations rise for US interest rate cut
KUALA LUMPUR: The ringgit extended its gains to close marginally higher against the US dollar on Friday on the rising expectations for a cut in US interest rates in December. Read full […]
Padini’s 1Q profit jumps 76.9%, declares 1.8 sen dividend
KUALA LUMPUR: Padini Holdings Bhd said the retail sector continues to face pressure from weakening purchasing power, higher costs, inflation and interest rates, alongside trade tensions. Read full story Date: […]
Bermaz Auto, Kia agree to end distributorship amid carmaker’s local reorganisation
KUALA LUMPUR: Bermaz Auto Bhd has mutually agreed with Kia Corporation to terminate their distributorship arrangements, following the carmaker’s decision to reorganise its Malaysian operations and establish its own national sales […]
AirAsia X posts 77% slump in 3Q profit to RM27.7mil
PETALING JAYA: AirAsia X Bhd’s (AAX) net profit plunged 77% in the third quarter ended Sept 30, 2025 (3Q25), despite a slight improvement in revenue. Read full story Date: 28 […]
LBS posts resilient Q3FYE2025 results with 19.8% revenue growth
PETALING JAYA: LBS Bina Group Bhd has released its unaudited financial results for the third quarter ended Sept 30 (Q3FYE2025), underscoring robust project execution while maintaining its growth trajectory guided […]
Bursa Malaysia in a sea of red as over 800 counters tumble
KUALA LUMPUR: Bursa Malaysia closed in a sea of red on Friday, with more than 800 counters falling amid broad-based selling. Read full story Date: 28 November, 2025 6:02 pm […]
High gold prices hit demand across major Asian hubs
GOLD demand was subdued across major Asian markets this week, as high prices curbed retail buying even as India entered its wedding season, while in China, the removal of a […]
CME trading halted due to cooling issue at data centres
SINGAPORE: Exchange operator CME Group said on Friday it has halted trading in currencies, stock futures and commodities due to a cooling issue at data centres, freezing major market benchmarks. […]
Malaysian banking remains robust in October 2025
KUALA LUMPUR: Malaysia’s banking system remained resilient in October 2025, with Bank Negara reporting healthy liquidity buffers and stable asset quality. Read full story Date: 28 November, 2025 4:01 pm […]
China’s Baidu starts layoffs after reporting third-quarter loss – sources
BEIJING/SHANGHAI: China’s Baidu started layoffs this week that will hit multiple business units, six sources briefed on the matter said, as the company struggles with intensifying competition in artificial intelligence […]