Newsfeed – Business News
DOSM: Wholesale trade leads the charge as Malaysia’s August sales surge to RM173b
KUALA LUMPUR, Oct 9 — Malaysia’s wholesale and retail trade recorded sales of RM173 billion in August 2026, an increase of 10.5 per cent year-on-year (y-o-y), said the Department of […]
Malaysia’s August 2026 unemployment rate hits new low of 2.9pc
PUTRAJAYA, Oct 9 — Malaysia’s unemployment rate declined to 2.9 per cent in August 2026 from 3.0 per cent in July, with the number of unemployed persons falling by 8,700 […]
Asian tech stocks slide as OpenAI revenue forecast disappoints
HONG KONG, Oct 9 — Asian stocks headed into the weekend on a mixed note on Friday with tech weighed by renewed concerns about the AI investment boom, while support […]
Johor stays Malaysia’s data centre powerhouse as AI demand surges, BMI says
KUALA LUMPUR, Oct 9 — Malaysia’s data centre market is shifting towards higher-value, artificial intelligence (AI)-focused deployments, with Johor remaining the country’s dominant hub despite growing power constraints. BMI, a […]
Beyond flying: Malaysia Aviation Group eyes bigger aircraft maintenance business with seven global tie-ups
SINGAPORE, Oct 9 — Malaysia Aviation Group (MAG) is strengthening its maintenance, repair and overhaul (MRO), as well as engineering and supply chain operations through seven strategic partnerships with global […]
Malaysia’s cooperatives eye RM100b revenue milestone in 2026
MELAKA, Oct 9 — The national cooperative sector is projected to reach a revenue of RM100 billion this year, driven by positive growth as well as strengthening membership and capital […]
SSM gives companies until Dec 31 to clear outstanding compounds at reduced rates
KUALA LUMPUR, Oct 9 — The Companies Commission of Malaysia (SSM) has extended the period for compound reduction under the Companies Act 1965 and the Companies Act 2016 until December […]
Bursa rises ahead of Budget 2027, with cash aid measures putting retailers in focus
KUALA LUMPUR, Oct 9 — Bursa Malaysia opened higher on Friday ahead of the tabling of Budget 2027 today, with investors monitoring measures to support strategic industries and household spending. […]
‘Hire great American workers’: Vance targets Microsoft in H-1B visa crackdown
WASHINGTON, Oct 9 — US Vice President JD Vance said yesterday that software giant Microsoft was being suspended from a key visa programme as part of a fraud crackdown by […]
AI hype meets revenue reality: OpenAI figures fall US$20b short of earlier reports
WASHINGTON, Oct 9 — OpenAI is bringing in about US$20 billion (RM82 billion) less in annualised revenue than investors had been led to believe, the Financial Times reported yesterday, raising […]