Newsfeed – Business News
Malique Sidique appointed as officer-in-charge of Maybank Islamic
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has appointed Malique Firdauz Ahmad Sidique as officer-in-charge (OIC), group CEO, Islamic Banking, and CEO of Maybank Islamic Bhd (MIB), effective Aug 1, 2025. […]
Oil steadies as concerns about tariff impacts vie with Russian supply threats
OIL prices were little changed on Friday after falling more than 1% in the previous session as traders digested the impact of higher U.S. tariffs that may curtail economic activity […]
China, HK stocks book steepest weekly losses since April on soft data, Trump tariffs
SHANGHAI: Mainland China and Hong Kong stocks extended their declines on Friday, posting their steepest weekly losses since April, weighed down by soft domestic economic data and worries over global […]
Hong Kong GDP expands 3.1%, faster than forecast
HONG KONG: Hong Kong’s economy grew by a faster than expected 3.1% year-on-year in the second quarter, official advance estimates showed on Thursday, expanding for a 10th straight quarter on […]
Nintendo Q1 profit grows 4%, beating estimates
TOKYO: Nintendo on Friday said operating profit grew 4% to 56.9 billion yen ($378 million) in the April-June quarter, beating analyst estimates. Read full story Date: 1 August, 2025 4:02 […]
Singapore’s OCBC sees lower 2025 net interest income, Q2 profit matches forecasts
SINGAPORE: Singapore’s second-largest bank, Oversea-Chinese Banking Corp (OCBC), lowered its net interest income expectation for 2025 after posting on Friday a 7% year-on-year drop in second-quarter net profit that matched […]
Trump’s tariffs send Asian FX markets reeling, won leads losses
ASIAN currencies fell to multi-month lows on Friday with South Korea’s won and Malaysia’s ringgit bearing the heaviest losses as investors abandoned riskier regional assets after the U.S. imposed new […]
KNM’s subsidiary to dispose of entire equity interest in FBM Hudson Italian
KUALA LUMPUR: KNM Group Bhd’s wholly-owned subsidiary, KNM Europa BV, will dispose of its entire equity interest in FBM Hudson Italian SPA (FBMHI) to SymbEx GmbH and Terragarda GmbH for EUR19.50 million (EUR1=RM4.89). Read full story Date: […]
Renewable energy on fast lane amid China’s green transition
BEIJING: China’s green transition continued to drive the development of renewable energy, which accounted for 91.5 percent of its total newly installed power capacity in the first half of 2025, […]
Cypark unit gets Seda nod to build 1.5MW biogas plant in Johor
KUALA LUMPUR: Cypark Resources Bhd’s 51% indirectly-owned subsidiary, Reviva BACRE (Ulu Remis) Sdn Bhd, has received approval from the Sustainable Energy Development Authority Malaysia (SEDA) to develop a 1.5MW biogas […]