Newsfeed – Business News
OpenAI hits US$500bil valuation after share sale to SoftBank, others, source says
OpenAI, the company behind ChatGPT, has reached a valuation of $500 billion, following a deal in which current and former employees sold roughly $6.6 billion worth of shares, a source […]
Bursa rally builds, tech shares jump on weak US labour report
KUALA LUMPUR: The rally on Bursa Malaysia picked up steam on Thursday with investors buying up a broad spread of over 700 stock counters on the Malaysian market. Read full […]
Pekat unit inks RM85.68mil LSSPV plant job in Kulai
KUALA LUMPUR: Pekat Group Bhd said its wholly-owned subsidiary Pekat Solar Sdn Bhd has finalised an engineering, procurement and construction contract with a company in relation to a 63MWac large […]
Matrix Concepts’ Datuk Lee transfers 10mil shares to Kelvin Lee, bourse filing shows
KUALA LUMPUR: Matrix Concepts Holdings Bhd founder and group executive deputy chairman Datuk Seri Lee Tian Hock has recently transferred 10 million shares in the company to his son, Kelvin […]
Oil rises on Russia sanctions fears after 3-day losing streak
TOKYO/SINGAPORE: Oil prices rose on Thursday after losses in previous three sessions due to market oversupply concerns, as the potential for tighter sanctions on Russian crude lent some support. Read […]
ACE Market debutant Camaroe eyes capacity boost, China growth
KUALA LUMPUR: ACE Market debutant Camaroe Bhd is setting its sights on capacity expansion and international growth, especially in China, following its successful listing. Read full story Date: 2 October, […]
Maybank’s MSCI ESG Rating upgraded to AAA
KUALA LUMPUR: Maybank has received an upgrade in its MSCI ESG Rating from AA to AAA, representing the highest possible MSCI Rating, as of Sept 8, 2025. Read full story […]
Malaysia secures export sales worth RM376.14mil at 22nd China-Asean Expo
KUALA LUMPUR: The Malaysia Pavilion at the 22nd China-ASEAN Expo (CAEXPO) has recorded total sales of RM376.14 million, according to the Malaysia External Trade Development Corporation (MATRADE). Read full story […]
Tech leads Asia share rally, gold near record high on Fed rate cut bets
TOKYO: Tech shares rallied on Thursday, driving Asia stock indexes higher, while gold hovered near a record high and the dollar languished as a weak U.S. labour market report bolstered […]
FBM KLCI rally shows no sign of fatigue as traders flock to blue chips
KUALA LUMPUR: The FBM KLCI continued on its upward trajectory on Thursday, despite warnings from analysts there could be a near-term pullback as the ongoing US government shutdown weighs on […]