Newsfeed – Business News
Berjaya Property, Trusmax to set up RM1.3b tyre manufacturing JV in Malaysia
KUALA LUMPUR, July 6 — Berjaya Property Bhd’s (BProperty) wholly-owned subsidiary, Alam Baiduri Sdn Bhd (ABSB), has entered into a joint venture (JV) agreement today with Trusmax Investment Co Ltd […]
Felcra declares first interim RM126.9m profit payout for 72,000 participants
MARAN, July 6 — Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi has announced Felcra Bhd’s first interim distributable profit for 2026, amounting to RM126.9 million. Ahmad Zahid said the […]
Stats Dept: Bumiputera participation in high-growth sectors needs boost despite wage gains
PUTRAJAYA, July 6 — Bumiputera economic participation continues to improve, although there remains room to increase Bumiputera involvement in high-growth sectors to narrow the socio-economic gap, chief statistician Datuk Seri […]
Porsche could cut up to 4,000 more jobs, report says
STUTTGART, July 6 — Up to 4,000 more jobs could be cut at sports carmaker Porsche following the job cuts already announced, according to the Handelsblatt newspaper on Sunday, reported […]
EasyJet accepts fifth takeover bid from US firm Castlelake in £5.2b deal
LONDON, July 6 — British budget airline Easyjet has finally given in to the persistent courting of United States (US) investor Castlelake, when it agreed “in principle” to the firm’s […]
Ringgit steady at open as traders weigh US rate hike outlook
KUALA LUMPUR, July 6 — The ringgit opened mostly flat against the US dollar on Monday as traders reassessed the likelihood of a United States (US) interest rate hike following […]
Bursa Malaysia opens higher as buying sentiment tracks Wall Street gains
KUALA LUMPUR, July 6 — Bursa Malaysia opened higher today, supported by improved investor sentiment, tracking Wall Street’s mostly positive performance last Friday. At 9.10am, the benchmark FTSE Bursa Malaysia […]
Why India is hunting for oil in its own backyard after the Gulf energy scare
NEW DELHI, July 5 — Hit by the biggest energy supply shock in decades during the Middle East war, import-dependent India is expanding domestic crude exploration, its oil minister says. […]
Don’t punish compliant Malaysian manufacturers with blanket tariffs, FMM tells US
KUALA LUMPUR, July 5 — The Federation of Malaysian Manufacturing (FMM) has urged the United States (US) to adopt a balanced approach to its proposed Section 301 tariff action on […]
Struggling Continental to sell ContiTech in €4b deal as German auto supplier accelerates restructuring
FRANKFURT, July 4 — German auto supplier Continental announced today a €4-billion (RM18.7-billion) deal to sell a division to a US investment group, the latest move in a major restructuring. […]