Newsfeed – Business News
TNB and Petronas Gas sign deal to co‑develop third regasification terminal in Perak
KUALA LUMPUR, June 4 — Tenaga Nasional Bhd (TNB), via its indirect unit Integrax Bhd, and Petronas Gas Bhd (PetGas) have signed a heads of agreement to jointly develop a […]
Indonesian rupiah falls to record low above 18,000 per US dollar as investors fret over economy and central bank oversight
JAKARTA, June 4 — Indonesia’s rupiah hit more than 18,000 per dollar for the first time today as the country is stung by surging energy costs, while lawmakers passed a […]
‘Smear campaign’: AirAsia X denies grounding reports, says Philippines flights operating as normal
KUALA LUMPUR, June 4 — AirAsia X has denied recent media reports claiming that Philippines AirAsia operations have been grounded. “These reports are false and do not reflect the reality […]
Bursa Malaysia bucks regional sell-off, gains on hopes of new solar projects
KUALA LUMPUR, June 4 — Bursa Malaysia opened higher, bucking the regional trend, supported by positive local sentiment following news that the Large Scale Solar 6 (LSS6) tender is set […]
Trade groups call on US govt to expand chipmaking over strain from AI boom
WASHINGTON, June 4 — A memory chip shortage driven by artificial intelligence demand is posing risks to sectors like consumer electronics and automobiles, trade groups warned yesterday, as they called […]
Australia PM says he is in ‘ideological disagreement’ with US over new tariffs
SYDNEY, June 4 — Australia’s prime minister said today there was “ideological disagreement” over tariffs with the United States, which has proposed a new levy on the country’s goods. Washington […]
Ringgit edges up as US tariff concerns outweigh upbeat economic data
KUALA LUMPUR, June 4 — The ringgit was traded slightly firmer against the US dollar at the opening today, as soft sentiment towards the greenback outweighed better-than-expected key United States […]
France imposes RM101m in fresh penalties on Shein for consumer‑law breaches
PARIS, June 3 — French authorities said today that they had imposed two fines on Shein totalling more than €22 million (RM101 million), citing problems with product traceability, environmental labelling […]
India approves RM4.1b fund to cushion airlines from soaring jet fuel prices from Iran war
NEW DELHI, June 3 — India approved a 100 billion rupee (RM4.1 billion) fuel stabilisation fund today to help keep jet fuel prices in check for airlines hit by rising […]
EU court annuls DMA ‘gatekeeper’ label for Meta’s Marketplace, upholds Messenger ruling
BRUSSELS, June 3 — Meta secured a partial victory today over the EU’s powers to regulate tech giants, as a top court ruled the bloc was wrong to slap tough […]