Newsfeed – Business News
Ringgit rebounds as US dollar weakens despite optimism over trade talk
KUALA LUMPUR: The ringgit strengthened against the US dollar as the greenback softened, with the US Dollar Index (DXY) slipping 0.1 per cent to 99.0 points, despite renewed optimism over […]
HSS Engineers bids for four data centres, eyes global growth
KUALA LUMPUR: HSS Engineers Bhd is bidding for four data centre-related projects as part of a broader push for global growth. Read full story Date: 11 June, 2025 6:05 pm […]
World Bank revises Malaysia’s 2025 GDP growth forecast to 3.9%
KUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth forecast for 2025 has been revised to 3.9 per cent, a 0.6 percentage-point downgrade from January 2025’s projection, according to the World […]
Bursa Malaysia edges up amid optimism over US-China trade talks
KUALA LUMPUR: Bursa Malaysia ended firmly higher on Wednesday, buoyed by regional gains and renewed optimism over progress in US-China trade talks. Read full story Date: 11 June, 2025 6:05 […]
UOB part of RM15bil Financing for data centre project in Johor-Singapore zone
KUALA LUMPUR: United Overseas Bank (Malaysia) Bhd (UOB) announced its role as joint coordinator, mandated lead arranger, underwriter, and bookrunner in one of Southeast Asia’s largest data centre financing deals. […]
Maybank underwrites RM2.5bil in landmark Islamic green financing for data centres
KUALA LUMPUR: Maybank is underwriting RM2.5bil, which is one-third and the largest share of the biggest syndicated Islamic financing for data centres in Asia Pacific, to support DayOne Data Centers […]
Malaysia’s manufacturing sales rise 4.8% in April
KUALA LUMPUR: Malaysia’s manufacturing sector recorded a 4.8 per cent year-on-year increase in sales value to RM160.6 billion in April 2025, according to the Department of Statistics Malaysia (DoSM). Read […]
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 […]