Newsfeed – Business News
Beijing: We have ‘will and means’ to counter tariffs
China has called on the United States to remove unilateral tariffs as quickly as possible and work with it in the spirit of mutual respect, peaceful coexistence and win-win cooperation, […]
Wall St set to open lower after sharp rally on Trump tariff reversal
WALL Street’s main indexes were set to open lower on Thursday, coming off a blistering rally following U.S. President Donald Trump’s move to temporarily lower the heavy tariffs on dozens […]
Bank Negara: Ringgit remains resilient despite uncertainties due to US tariffs
KUALA LUMPUR: Uncertainties in the foreign exchange market will continue to prevail until there is greater clarity on policy direction, particularly regarding the tariff lengths, said Bank Negara Malaysia (BNM) governor Datuk Seri […]
Malaysia to monitor US tariffs, ensure semiconductor industry remains competitive
KUALA LUMPUR: Malaysia will continue monitoring the latest developments regarding tariffs imposed by the United States, even though the semiconductor industry is not directly affected by the situation, said Prime […]
SCIB secures injunction against Awana JV Suria Saga over RM63.9mil financing facility
PETALING JAYA: Sarawak Consolidated Industries Berhad (SCIB) has obtained an interlocutory injunction order against Awana JV Suria Saga Sdn Bhd in relation to the ongoing material litigation involving its wholly-owned […]
Hibiscus Petroleum’s Ebitda exceeds RM1bil for three consecutive years
KOTA BHARU: Hibiscus Petroleum Bhd recorded revenue of RM2.7 billion last year, with earnings before interest, tax, depreciation and amortisation (EBITDA) exceeding RM1 billion for the third consecutive year. Read […]
LuMIC to attract RM72bil investments, create over 50,000 jobs by 2050
KUALA LUMPUR: The development of the Lumut Maritime Industrial City (LuMIC) in Perak is expected to attract RM72 billion in investments and create over 50,000 job opportunities within the next […]
FMM calls for govt action to safeguard manufacturing sector amid US tariff pause
KUALA LUMPUR: The government should take decisive steps during the United States’s (US) 90-day reciprocal tariff pause window to protect Malaysia’s industrial base and long-term competitiveness, said the Federation of […]
FBM KLCI surges 62.54 points on relief after Trump pauses tariffs
KUALA LUMPUR: The FBM KLCI surged 4.5% on Thursday as investors snapped up beaten-down stocks, following U.S. President Donald Trump’s announcement of an immediate 90-day tariff pause for many countries. […]
Axiata said to seek adviser for US$3bil sale of tower arm
The owners of Edotco Group Sdn. are seeking a financial adviser to help with a sale that could value the Malaysian telecommunication tower company at about $3 billion including debt, […]