Newsfeed – Business News
Ringgit closes softer against US dollar and Asean currencies as Fed outlook weighs on markets
KUALA LUMPUR, June 18 — The ringgit closed lower against the US dollar on Thursday as expectations of a possible US Federal Reserve (Fed) interest rate hike later this year […]
KHPT wins Proton contract to supply components for new model
KUALA LUMPUR, June 18 — KHPT Holdings Bhd has secured a contract from Perusahaan Otomobil Nasional Sdn Bhd (Proton) to supply automotive components for a new Proton model. In a […]
Consumer stocks help Bursa shrug off regional market uncertainty
KUALA LUMPUR, June 18 — Bursa Malaysia’s key index finished marginally higher, supported by strong buying interest in consumer-related counters, amid mixed performance across regional markets. At 5 pm, the […]
Waymo to recall 3,800 robotaxis over risk of entering closed construction zones, US auto‑safety regulator says
WASHINGTON, June 18 — Waymo is recalling 3,871 robotaxis in the US after identifying a software issue that could likely cause the vehicles to enter a closed freeway construction zone […]
Malaysia set to sustain record trade momentum as AI‑driven E&E sector powers growth, says Steven Sim
KUALA LUMPUR, June 18 — Malaysia is expected to maintain strong trade momentum in the coming months after recording the best trade performance in the country’s history for the first […]
Perodua cuts service and parts prices by up to 10pc across all models, including EV
KUALA LUMPUR, June 18 — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is reducing the price of its service maintenance parts, including labour, by up to 10 per cent, beginning June […]
Trump says Apple teaming with Intel on US‑made chips as Washington pushes supply‑chain security
WASHINGTON, June 18 — US President Donald Trump said in a Truth Social post today that Apple has agreed to work with Intel to design and manufacture its chips in […]
Thailand revives RM124.5b coast‑to‑coast corridor to rival Malacca Strait amid investor caution and local pushback
Thailand revives RM124.5b coast-to-coast corridor to rival Malacca Strait Project backers promise faster, cheaper shipping to bypass congested Malacca Strait Investors remain cautious due to high costs, geopolitical sensitivities Local […]
Cook says Apple facing ‘hundred‑year flood’ in AI‑driven chip prices, warns of product hikes
SAN FRANCISCO, June 18 — Outgoing Apple CEO Tim Cook warned that demand for memory chips from the artificial intelligence boom will force the tech giant to increase the prices […]
Bursa Malaysia rises at open on buying in heavyweights despite Wall Street slide
KUALA LUMPUR, June 18 — Bursa Malaysia opened higher today, underpinned by buying in selected heavyweight stocks despite weaker overnight performance on Wall Street. At 9.25 am, the FTSE Bursa […]