Newsfeed – Business News
India lifts LPG supply curbs as Strait of Hormuz trade recovers
NEW DELHI, June 26 — India has removed restrictions on supplies of commercial liquified petroleum gas imposed during the Middle East war when energy supplies were hit by the closure […]
Ringgit opens softer despite easing Hormuz tensions
KUALA LUMPUR, June 26 — The ringgit opened marginally lower against the US dollar on Friday as stronger-than-expected US economic data boosted the greenback. On another front, the reopening of […]
China’s ‘future industries’ boom sparks VC gold rush — and bubble fears
SHANGHAI, June 25 — Just two days after SpaceX made its historic market debut, a Chinese space startup held an investor roadshow for its maiden fundraising round by touting a […]
Ringgit extends winning streak, climbs for third straight day ahead of key US inflation data
KUALA LUMPUR, June 25 — The ringgit continued its uptrend for the third consecutive day, closing higher against the US dollar, major currencies and Asean peers today as investors await the […]
Bursa Malaysia closes lower amid caution over US inflation, global rate outlook
KUALA LUMPUR, June 25 — Bursa Malaysia ended lower today as selling pressure in industrial products and services stocks outweighed gains in the telecommunications sector, an analyst said. At 5 pm, […]
ASNB declares 5.50 sen per unit income distribution for ASB 3 Didik, highest in eight years
KUALA LUMPUR, June 25 — Amanah Saham Nasional Bhd (ASNB) has declared an income distribution of 5.50 sen per unit for its fixed-price fund, Amanah Saham Bumiputera 3 Didik (ASB […]
MAHB: Malaysia adds four new international flight routes to China and Indonesia
KUALA LUMPUR, June 25 — Malaysia strengthened its air connectivity with China and Indonesia through the launch of four new international services by Hainan Airlines, China Eastern Airlines, Wings Air […]
YTL AI Labs powers Yes to become Malaysia’s AI-first telco
KUALA LUMPUR, June 25 — YTL Power International Bhd’s Artificial Intelligence (AI) Labs (YTL AI Labs) has partnered with YTL Communications’ mobile operator Yes to bring ILMUchat, Malaysia’s AI, to […]
Matrade inks partnership with CAIQ Biosecurity under MCGI, boosting MSME exports to China
KUALA LUMPUR, June 25 — The Malaysia External Trade Development Corporation (Matrade) today signed a collaboration agreement with CAIQ Biosecurity Sdn Bhd under the Malaysia-China Gateway Initiative (MCGi), enhancing technical […]
Why cheaper oil is good news for Malaysia, according to analysts
KUALA LUMPUR, June 25 — Falling crude oil prices are expected to ease inflationary pressures in Malaysia and globally, reducing concerns that central banks may need to keep interest rates […]