Newsfeed – Business News
Lee Chong Wei among new shareholders of Magma Group
PETALING JAYA: Magma Group Bhd has announced a change in the composition of its substantial shareholders following the allotment of consideration shares pursuant to the proposed acquisition that was approved […]
Ringgit rises against US dollar, other major currencies at close
KUALA LUMPUR: The ringgit closed stronger against the US dollar on weaker greenback demand, amid a decline in investor confidence due to ongoing US-China trade tensions and a lack of progress in negotiations. Read […]
Pantech cautiously optimistic, steady US orders boost prospects
KUALA LUMPUR: Pantech Global Bhd remains cautiously positive about its prospects, supported by its competitive advantages, business strategies and market opportunities in the global pipe and pipe fitting industry. Read […]
Reservoir Link secures work order award from PETRONAS Carigali
PETALING JAYA: Reservoir Link Energy Bhd has received a work order award from PETRONAS Carigali Sdn Bhd for the provision of light weight well testing services. Read full story Date: […]
TNB doubles capex to RM42.9bil to back energy transition efforts
KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has more than doubled its budgeted capital expenditure (capex) to RM42.9 billion – comprising RM26.6 billion in base capex and RM16.3 billion in contingent […]
FBM KLCI rises for second straight day amid mixed regional performance
KUALA LUMPUR: The FBM KLCI continued its steady upward trajectory, closing higher on Thursday, despite a mixed performance among its regional peers, with some markets showing gains while others struggled […]
Singapore shares set for an eight-day rally; Asia FX muted
Singapore equities were set for an eighth straight session of gains on Thursday, marking their best winning streak since November 2022, as cooling inflation and demand for defensive stocks supported […]
Norway wealth fund posts US$40bil first-quarter loss on tech weakness
OSLO: Norway’s $1.7 trillion sovereign wealth fund, the world’s largest, reported on Thursday a quarterly loss of 415 billion Norwegian crowns ($39.72 billion) for the January to March period, largely […]
ZUS Coffee to add 200 Southeast Asia stores in Starbucks duel
COFFEE shop operator Zuspresso Sdn. plans to open nearly 200 new stores in Southeast Asia this year, after surpassing Starbucks as Malaysia’s largest coffee chain within five years of inception. […]
‘Made in Malaysia’: Sellers bombarded with ways to evade tariffs
ONLINE merchants are being inundated with suspicious offers to help avoid paying US tariffs on goods made in China. Read full story Date: 24 April, 2025 3:01 pm Source: thestar.com.my