Newsfeed – Business News
Proton outperforms wider market decline with 16,995 May sales, Saga and e.MAS lead
KUALA LUMPUR, June 5 — Proton recorded sales of 16,995 units in May, outperforming the wider automotive market despite an estimated 15.4 per cent month-on-month decline in total industry volume. […]
Nvidia CEO says robotics is South Korea’s next big sector, teases ‘some surprises’
Huang visits Korea for second time in seven months Says Nvidia can apply AI, robotics tech to Korean manufacturing such as chipmaking To meet with Hyundai, LG, SK, Samsung and […]
Bursa rises in early trade as market sentiment improves
KUALA LUMPUR, June 5 — Bursa Malaysia extended yesterday’s gains to open higher today, despite mixed overnight cues from Wall Street and a generally weaker opening by regional markets. Analysts […]
Thai watchdog to sue Meta over Facebook scam ads targeting users
BANGKOK, June 5 — Thailand’s consumer watchdog said it will sue Meta’s Facebook for allegedly allowing scammers to use the platform to defraud users through adverts and for failing to […]
Ringgit slips against US dollar but strengthens against other major currencies
KUALA LUMPUR, June 5 — The ringgit traded easier against the US dollar today morning but strengthened against other major currencies amid a cautious currency market, as authorities across Asia […]
Nvidia CEO mounts charm push in South Korea with TV talk show, baseball appearances
Huang’s second visit in seven months shows country’s strategic significance South Korea dominates AI memory chip market, could be key for physical AI US trade war with China amplifies South […]
Ringgit falls to 4.0095 against US dollar amid fuel price and tariff jitters
KUALA LUMPUR, June 5 — The ringgit ended lower against the US dollar yesterday on cautious sentiment over rising fuel prices, unresolved geopolitical tensions and global trade uncertainties. At 6pm, […]
Asian stocks drop on AI, rate hike worries as Lebanon deal hits oil
HONG KONG, June 5 — Asian stocks sank yesterday after a disappointing forecast by chip giant Broadcom stoked concerns about the AI trade, while stronger-than-expected US data compounded speculation the […]
Bursa Malaysia bucks regional gloom as bargain hunters lift blue chips
KUALA LUMPUR, June 5 — Bursa Malaysia ended on a firmer note today, outperforming a broadly weaker regional market, as local sentiment was supported by bargain hunting in oversold blue-chip […]
Foxconn and Intel expand partnership to develop next-gen AI hardware for data centres and beyond
TAIPEI, June 4 — Foxconn said today it will work with US chipmaker Intel to jointly develop and deploy next-generation AI infrastructure and intelligent computing platforms in a move to […]