Newsfeed – Business News
Bursa slips as geopolitical tensions, inflation concerns keep investors cautious
KUALA LUMPUR, May 19 — Bursa Malaysia ended marginally lower today as investors adopted a more defensive stance amid escalating geopolitical tensions and softer regional risk sentiment. At 5pm, the […]
Taiwan’s Ally Logistic Property to invest RM500m in Malaysia’s first multi-storey smart cold chain facility
KUALA LUMPUR, May 19 — Taiwan-based Ally Logistic Property (ALP) announced a RM500 million investment to develop what it says will be Malaysia’s first developer-built multi-storey automated cold chain facility in Shah […]
Bursa Malaysia tips into the green despite mixed global cues
KUALA LUMPUR, May 19 — Bursa Malaysia opened higher today despite the mixed Wall Street overnight performance. At 9.10 am, the FTSE Bursa Malaysia KLCI rose 2.00 points to 1,729.71 […]
Best growth of 2026 could already be behind Malaysia, BMI predicts
KUALA LUMPUR, May 19 — Malaysia’s economic growth likely peaked in the first quarter of 2026 and is expected to slow down for the rest of the year, as geopolitical […]
Ringgit edges up to 3.97 versus US dollar as Hormuz truce holds
KUALA LUMPUR, May 19 — The ringgit opened slightly higher against the US dollar on Tuesday as market sentiment continued to focus on developments in West Asia. At 8 am, […]
Hormuz traffic rebounds to wartime average after record low; Iran formalises crossing toll
LONDON, May 19 — Traffic through the Strait of Hormuz was slightly higher last week, returning to levels in line with the average recorded since the start of the Middle […]
Billionaire ‘soap opera’ ends for now as jury tells Musk he’s too late to sue OpenAI
OAKLAND, May 19 — A federal jury ruled Monday that Elon Musk waited too long to sue OpenAI and its co-founders, delivering a decisive victory to the ChatGPT startup and […]
Ringgit closes lower amid cautious sentiment over China data, FOMC minutes
KUALA LUMPUR, May 18 — The ringgit closed lower against the US dollar on Monday, as cautious sentiment prevailed in the foreign exchange market. This came on the back of […]
Pos Malaysia narrows 1Q net loss to RM19.54m as revenue rises 7.3pc
KUALA LUMPUR, May 18 — Pos Malaysia Bhd narrowed its net loss to RM19.54 million in the first quarter ended March 31, 2026 (1Q 2026), compared with a net loss […]
Bursa Malaysia sinks to intraday low as regional risk-off mood drags market down
KUALA LUMPUR, May 18 — Bursa Malaysia ended at its intraday low on Monday, in line with the broader regional risk-off tone as selling pressure spread across key index heavyweights, […]