Newsfeed – Business News
MGB wins RM388mil residential job in Saudi Arabia
PETALING JAYA: MGB Bhd has accepted a letter of award from Beetah Real Estate, a real estate company specialising in property marketing in Saudi Arabia, worth RM388.5mil. Read full story […]
Oil dips on oversupply sentiment but sanctions limit decline
SINGAPORE: Oil prices fell on Wednesday as an industry report showed higher crude inventories in the United States, the world’s biggest crude consumer, reinforcing concerns of oversupply, though price declines […]
Sarawak Oil Palms focuses on yield improvement amid land cap
KUALA LUMPUR: Malaysian palm oil producer Sarawak Oil Palms Bhd is focusing on maximising yields from existing plantations as the state grapples with lower productivity compared to other regions in […]
Automotive sector TIV surges 30% in October, highest month year-to-date
KUALA LUMPUR: Malaysia’s automotive sector total industry volume (TIV) surged 30 per cent to 75,992 units in October 2025 from 58,490 units in September, marking the highest month for the year-to-date (YTD), […]
Indonesia central bank pauses easing cycle again
JAKARTA: Bank Indonesia held its key interest rates unchanged for a second straight policy review on Wednesday, as expected, opting to continue with efforts to reinforce the impact of past […]
Orkim launches IPO, plans expansion with new tankers
PETALING JAYA: Orkim Bhd, Malaysia’s largest clean petroleum product (CPP) tanker operator, has launched its initial public offering (IPO) at 92 sen a share, seeking to raise RM92mil from the […]
Musk’s xAI in advanced talks to raise US$15bil at US$230bil valuation, WSJ reports
ELON Musk’s artificial-intelligence startup xAI is in advanced talks to raise $15 billion in fresh equity at a valuation of $230 billion, the Wall Street Journal reported on Tuesday. Read […]
Luxury brands rise as LVMH takes notice
BERNARD Arnault, CEO of LVMH, made a visit to China last month — the third year in a row — continuing his strategic focus on the region’s luxury market. However, […]
Tenaga Nasional incurs losses of RM4.6bil from crypto power theft
KUALA LUMPUR: Malaysia’s national utility firm Tenaga Nasional Bhd (TNB) has incurred losses of more than US$1bil from illegal power usage by cryptocurrency miners between 2020 and August this year, […]
Malaysia Oct exports jump 15.7% to record-high RM148.32bil – Miti
KUALA LUMPUR: Malaysia’s exports rose 15.7 per cent year-on-year (y-o-y) to RM148.32 billion in October 2025, reaching a record high driven by stronger manufacturing shipments and sustained demand for electrical […]