Newsfeed – Business News
Lynas partners with South Korea’s JS Link for RM142m magnet factory near Gebeng refinery
KUALA LUMPUR, July 7 — Australian rare earths company Lynas said Tuesday it has partnered with South Korea’s JS Link to build a permanent magnet factory in eastern Malaysia, a […]
Microsoft slashes 4,800 Xbox-related jobs in global cost-cutting drive
WASHINGTON, July 7 — Microsoft said yesterday it was eliminating about 4,800 jobs — roughly two percent of its global workforce — in a cost-cutting move that will deliver a […]
Ringgit opens slightly higher against US dollar amid focus on Fed outlook
KUALA LUMPUR, July 7 — The ringgit opened slightly higher against the US dollar today amid continued focus on the United States (US) Federal Reserve’s (Fed) interest rate outlook. However, […]
Samsung expects 1,800pc leap in quarterly operating profit on AI boom
SEOUL, July 7 — South Korean technology giant Samsung Electronics forecast today a roughly 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory […]
Ringgit ends lower as investors shift back to US dollar
KUALA LUMPUR, July 6 — The ringgit closed lower against the US dollar today as investors returned to the greenback following its recent pullback after a weaker-than-expected US June employment […]
Bursa Malaysia ends higher on banking and plantation gains
KUALA LUMPUR, July 6 — Bursa Malaysia ended higher today, supported by renewed buying interest in banking and plantation counters. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) […]
High-quality investments drive Selangor GDP to RM460.1b, says exco
SHAH ALAM, July 6 — The inflow of high-quality investments with strong value chains has been one of the key drivers of Selangor’s economic expansion, enabling the state to record […]
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 […]