Newsfeed – Business News
Musk’s xAI in advanced talks to raise US$15bil at US$230bil valuation, WSJ reports
ELON Musk’s artificial-intelligence startup xAI is in advanced talks to raise $15 billion in fresh equity at a valuation of $230 billion, the Wall Street Journal reported on Tuesday. Read […]
Luxury brands rise as LVMH takes notice
BERNARD Arnault, CEO of LVMH, made a visit to China last month — the third year in a row — continuing his strategic focus on the region’s luxury market. However, […]
Tenaga Nasional incurs losses of RM4.6bil from crypto power theft
KUALA LUMPUR: Malaysia’s national utility firm Tenaga Nasional Bhd (TNB) has incurred losses of more than US$1bil from illegal power usage by cryptocurrency miners between 2020 and August this year, […]
Malaysia Oct exports jump 15.7% to record-high RM148.32bil – Miti
KUALA LUMPUR: Malaysia’s exports rose 15.7 per cent year-on-year (y-o-y) to RM148.32 billion in October 2025, reaching a record high driven by stronger manufacturing shipments and sustained demand for electrical […]
AI boom is turning Malaysia’s palm oil estates into data centers
MALAYSIA’s palm oil giants, long-blamed for razing rainforests, fueling toxic haze and driving orangutans to the brink of extinction, are recasting themselves as unlikely champions in a different, potentially greener […]
FBM KLCI higher at midday, bucks regional trend
KUALA LUMPUR: Bursa Malaysia’s benchmark index ended the morning session higher amid mild accumulation in selected heavyweights, despite the weaker performance in regional markets. Read full story Date: 19 November, […]
EcoWorld, SD Guthrie, PDT to develop RM3.75bil GDV Eco Business Park 8 in Kulai
KUALA LUMPUR: Eco World Development Group Bhd and SD Guthrie Land Ventures Sdn Bhd have entered into a strategic partnership with Johor’s state investment arm, Permodalan Datul Ta’zim Sdn Bhd […]
Ringgit rise reflects strong economic fundamentals, boosts investor confidence
KUALA LUMPUR: The recent strengthening of the ringgit versus the US dollar reflects Malaysia’s underlying economic fundamentals and rising investor confidence in the country, said Sunway University economics professor Dr […]
Asean cross-border QR payment surges to RM12.9mil transactions in 1H25 – Bank Negara governor
KUALA LUMPUR: ASEAN cross-border Quick Response (QR) payment has surged, reaching 12.9 million transactions in the first half of 2025, said Bank Negara Malaysia Governor Datuk Seri Abdul Rasheed Ghaffour. […]
Malaysia Airlines, Trip.Biz in pact to enhance travel solutions for SME
KUALA LUMPUR: Malaysia Airlines and Trip.com group’s business travel unit Trip.Biz have signed a memorandum of understanding (MoU) to deliver enhanced business travel solutions to small and medium‑sized enterprises (SMEs) […]