Newsfeed – Business News
H&M to move South-east Asia hub to Kuala Lumpur, announces layoffs for 30pc of regional support headcount
SINGAPORE, May 13 – H&M has announced a major restructuring of its Asia-Pacific operations, relocating its South-east Asia regional headquarters from Singapore to Kuala Lumpur and eliminating approximately 30 per […]
Ringgit closes higher against US dollar, major currencies as expectations mount for Trump-Xi meeting
KUALA LUMPUR, May 13 — The ringgit closed higher against the US dollar and other major currencies today, supported by improved sentiment towards Asian currencies ahead of the high-stakes meeting […]
Bursa Malaysia ends lower as investors remain cautious amid macro, geopolitical concerns
KUALA LUMPUR, May 13 — Bursa Malaysia ended lower today, reversing yesterday’s gains, as investor sentiment remained cautious amid subdued trading activity, with participants continuing to assess the broader macroeconomic […]
Proton e.MAS sales cross 20,000 mark, driven by Malaysia’s best-selling hybrid model
KUALA LUMPUR, May 13 — PRO-NET, the official distributor for Proton’s electric vehicles, announced today that over 20,000 Proton e.MAS units are now on Malaysian roads, showing the growing acceptance […]
Asian markets slide as Middle East deadlock and AI woes rattle investors
HONG KONG, May 13 — Asian stocks fell on Wednesday as markets digested the lack of progress towards Middle East peace and setbacks that rattled the boom in AI technology. […]
US appeals court temporarily reinstates Trump’s 10pc global tariffs
WASHINGTON, May 13 — A US federal appeals court on Tuesday temporarily paused a ruling declaring President Donald Trump’s global 10-per cent tariffs illegal, granting a government request to suspend […]
Ringgit defies stronger US dollar as Malaysia growth outlook shines
KUALA LUMPUR, May 13 — The ringgit opened higher against a basket of major currencies, including the US dollar today, ahead of Malaysia’s first quarter (1Q) gross domestic product (GDP) […]
‘He wanted 90pc’: Altman drops bombshell in Musk OpenAI trial
OAKLAND, May 13 — Elon Musk was obsessed with trying to control OpenAI, the artificial intelligence company’s CEO Sam Altman said Tuesday at a blockbuster trial that saw him spar […]
eBay rejects GameStop’s US$56b takeover bid, calls offer not credible
PARIS, May 12 — Online marketplace eBay said today that it had rebuffed a takeover offer from video game retailer GameStop that valued the company at US$56 billion (RM173 billion), […]
Ringgit ends higher against major currencies but weaker versus US dollar
KUALA LUMPUR, May 12 — The ringgit closed higher against most major currencies, but eased versus the greenback amid expectations that firmer United States inflation could reinforce the US Federal […]