Newsfeed – Business News
Thai Airways to exit debt restructuring programme
BANGKOK: Flag carrier Thai Airways International on Monday said it will exit its debt restructuring programme and expects to resume trading its shares on the stock market by early August. […]
FBM KLCI ends slightly higher amid lack of catalysts
KUALA LUMPUR: The local bourse ended marginally higher on Monday, in line with regional gains, as a lack of strong catalysts kept investor sentiment subdued. Read full story Date: 16 […]
Anwar: TNB earmarks RM43bil to upgrade national grid with AI, battery storage systems
KUALA LUMPUR: National utility company Tenaga Nasional Bhd has committed RM43 billion to upgrade the national grid infrastructure, said Prime Minister Datuk Seri Anwar Ibrahim. Read full story Date: 16 […]
Solarvest’s JV signs PPA for 30MWac solar PV plant in Brunei
KUALA LUMPUR: Solarvest Holdings Bhd’s 34%-owned joint venture company, Seri Suria Power (B) Sdn Bhd, has inked a power purchase agreement with the government of Brunei for a 30MWac solar […]
Gold hits near 2-month high as Middle East conflict boosts safe-haven demand
GOLD rose to a near two-month high on Monday, as intensified clashes between Israel and Iran over the weekend stoked fears of a broader regional conflict, pushing investors towards safe-haven […]
Global oil prices surge amid escalating conflict around Strait of Hormuz – PETRONAS
KUALA LUMPUR: Global oil prices are surging in anticipation of a supply shock due to the escalating conflict around the Strait of Hormuz, according to Petroliam Nasional Bhd (Petronas). Read […]
Malaysia’s Trade Openness Index rises to 149 in 2024
KUALA LUMPUR: Malaysia’s Trade Openness Index (TOI) increased to 149.0 in 2024, compared to 144.6 in 2023, according to the Department of Statistics Malaysia (DoSM). Read full story Date: 16 […]
Benchmark for cross-regional trade cooperation
IN late May, workers of Zhejiang Yueli Electrical Co, a home appliances manufacturer based in Ningbo, Zhejiang province, were seen moving with practiced precision inside a workshop at the company. […]
China’s factory output slows, retail sales unexpectedly robust
BEIJING: China’s factory output growth hit a six-month low in May, while retail sales picked up steam, offering temporary relief for the world’s second-largest economy amid a fragile truce in […]
Growing Middle East conflict sends traders to the sidelines
KUALA LUMPUR: Traders on Bursa Malaysia were expectedly sidelined on Monday as the intensifying conflict in the Middle East added to the global uncertainty. Read full story Date: 16 June, […]