Newsfeed – Business News
Hormuz ship traffic evaporates after Iran again locks down strategic waterway
SINGAPORE, June 22 — The number of ships that passed through the Strait of Hormuz fell sharply on Sunday after Iran announced it had again closed the waterway, citing Israeli […]
The yoghurt fight thickens as Danone sues Chobani over protein labels
Danone sued Chobani over protein claims this week Chobani CEO Ulukaya dismisses Danone’s claims Demand for yoghurt tends to increase among GLP-1 users, says BCG Chobani growing faster than Danone […]
Iraq projects oil production to return to pre-war levels within two months
BAGHDAD, June 20 — Iraqi authorities predict oil production will return to peacetime levels “within one to two months”, state media reported, after the Middle East war caused exports to […]
Indonesia’s new palm oil export rules draw scrutiny from Malaysia, traders
JAKARTA, June 20 — Indonesia’s plan to tighten oversight of strategic commodity exports through a new state-linked monitoring framework is being closely watched by industry players in Malaysia as well […]
Chip giant MKS pours RM400m into Penang plant, creates 1,000 high-value jobs
SEBERANG PERAI, June 20 — Global semiconductor technology company MKS Inc today invested more than RM400 million to establish a new Super Center Factory in Penang. Penang Chief Minister Chow […]
Fans win, hotels lose as World Cup tourism bets backfire across host cities
NEW YORK, June 20 — The 2026 World Cup is showing a mixed tourism and hospitality picture across host cities, with early expectations of a major economic windfall increasingly tempered […]
Brexit at 10: Small businesses count the cost of barriers and delays
LONDON, June 20 — Ten years on from a referendum that triggered Britain’s exit from the European Union, the nation’s small- and medium-sized businesses (SMEs) find themselves caught between mountains […]
Iran waives Hormuz transit fees during 60-day US truce window
DUBAI, June 19 — Iran’s Strait of Hormuz body said on Friday it would waive planned fees to use the strait during a 60-day negotiation period under the memorandum of […]
Ringgit slips into weekend as US dollar stays supported by Fed outlook
KUALA LUMPUR, June 19 — The ringgit closed lower against the US dollar on Friday as persistent expectations of a possible US Federal Reserve (Fed) interest rate hike later this […]
Malaysia’s trade hits all-time high of RM328b in May on AI boom
PUTRAJAYA, June 19 — Malaysia’s trade performance shattered previous records in May, as a surge in demand for artificial intelligence (AI) and automotive technologies propelled exports to an all-time monthly […]