Newsfeed – Business News
Price wars eroding auto industry profits
CHINA’s automotive industry has raised a collective alarm over what insiders called “involution-style” competition, as government authorities, industry associations and automakers said that an unchecked race to the bottom will […]
Qantas shutters Singapore-based Jetstar Asia on rising costs, competition
Australia’s Qantas Airways will close its Singapore-based budget airline Jetstar Asia, the group said on Wednesday, blaming rising supplier costs, high airport fees and strong regional competition. Read full story […]
Malaysia records approved investments of US$21bil in 1Q
KUALA LUMPUR: Approved investments in Malaysia rose by 3.7% in the first quarter from a year earlier to RM89.8bil (US$21.2bil ), the Malaysian Investment Development Authority said on Wednesday. Read […]
Binastra wins RM268mil contract for 45-storey apartment project in KL
KUALA LUMPUR: Binastra Corp Bhd has secured a RM268mil construction contract from TNJ Development Sdn Bhd for the proposed development of a 45-storey suite apartment block. Read full story Date: […]
US, China reach deal to ease export curbs, keep tariff truce alive
LONDON: U.S. and Chinese officials said on Tuesday they had agreed on a framework to put their trade truce back on track and remove China’s export restrictions on rare earths […]
UUE hits 3-month high on RM92.4mil job wins
KUALA LUMPUR: UUE Holdings Bhd’s shares rose to their highest level in over three months in early Wednesday trade after the company secured RM92.4mil worth of underground cable contracts. Read […]
FBM KLCI rebounds in early trade on U.S.-China trade optimism
KUALA LUMPUR: The FBM KLCI surged in early Wednesday trade, lifted by optimism over U.S.-China trade talks, as investors awaited further developments. Read full story Date: 11 June, 2025 12:03 […]
Ringgit opens higher against greenback as US-China trade talks resume
KUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday, as the market resumed its observation on further trade negotiations between the United States (US) and China in London, […]
Trump tariffs may remain in effect while appeals proceed, US Appeals court decides
A federal appeals court allowed President Donald Trump’s most sweeping tariffs to remain in effect on Tuesday while it reviews a lower court decision blocking them on grounds that Trump […]
Trading ideas: Capital A, UUE, Sunway REIT, Encorp, Benalex, KNM, Destini, Kumpulan Kitacon
KUALA LUMPUR: Stocks to watch today include Capital A Bhd, UUE Holdings Bhd, Encorp Bhd, Benalec Holdings Bhd, KNM Group Bhd, Sunway Real Estate Investment Trust (Sunway REIT), Destini Bhd […]