Newsfeed – Business News
Boustead appoints Ahmad Sabirin as new group CEO effective Aug 1
KUALA LUMPUR: Boustead Holdings Bhd has named Datuk Ir. Ahmad Sabirin Arshad as group chief executive officer (CEO), effective Aug 1, 2025, succeeding Izaddeen Daud. Read full story Date: 1 […]
China’s manufacturing activity shrinks as exports drag, S&P PMI shows
BEIJING: China’s factory activity deteriorated in July, as a softening of new business growth led manufacturers to scale back production, a private-sector survey showed on Friday. Read full story Date: […]
Malaysia factory slump eases as July PMI hits five-month high
KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) rose to 49.7 in July, up from 49.3 in June. The latest reading indicates the slowest decline […]
US softens tariff on Malaysia, boosting FBM KLCI
KUALA LUMPUR: Investors welcomed the reduction in US tariffs on Malaysian exports, with sentiment turning positive in early trade after the rate was lowered to 19% from the previous 25%. […]
Ringgit opens flat against US dollar, higher versus other majors
KUALA LUMPUR: The ringgit opened flat against the US dollar but rose against other major currencies, with investors still weighing the outcome of the Federal Open Market Committee (FOMC) meeting […]
Financial sector must play key role in enabling SMEs in strategic growth sectors, says BNM Governor
KUALA LUMPUR: As Malaysia charts its path forward under the 13th Malaysia Plan (13MP), the financial sector must play a transformative role in enabling small and medium enterprises (SMEs) to […]
Trading ideas: TNB, ITMAX, YTL-REIT, Paramount, Bintai Kinden, Chin Hin, Pharmaniaga, Unisem, Avillion
KUALA LUMPUR: Stocks to watch today include Tenaga Nasional Bhd (TNB), ITMAX System Bhd, YTL Hospitality Real Estate Investment Trust (YTL‑REIT), Paramount Corp Bhd, Bintai Kinden Corp Bhd, Chin Hin […]
LBS POWERS KWASA DAMANSARA GROWTH
Kwasa Land Sdn Bhd (KLSB), a wholly-owned subsidiary of the Employees Provident Fund (EPF), through its group of subsidiaries, has entered into a Development Rights Agreement (DRA) with LBS Bina […]
Paramount acquires land in Penang for RM58mil
Paramount Corp Bhd is acquiring an 18.97 acre piece of freehold land in Bandar Cassia, Penang, from Penang Development Corp for RM57.841mil. Read full story Date: 1 August, 2025 7:02 […]
Rebound in US growth in 2Q masks underlying slowing trend
US economic growth rebounded more than expected in the second quarter, but that measurement grossly overstated the economy’s health as declining imports accounted for the bulk of the improvement and […]