Newsfeed – Business News
Oil settles up on new Iran sanctions, equities rally
Oil prices settled more than US$1 per barrel higher on Tuesday as new US sanctions against Iran and rising equity markets helped spark a recovery rally from the prior session’s steep […]
SMASHING SUCCESS: 50 YEARS AND BEYOND
In celebration of its 50th anniversary, AmBank Group will host the first AmBank Malaysia Pickleball Championship 2025 – a tournament that brings together community, culture and youth empowerment through sport. […]
Tariffs affect tanker rates
The outlook for liquefied natural gas (LNG) carriers in the near term is expected to remain weak with rates having plummeted by nearly 90% year-on-year (y-o-y) according to UOB Kay […]
Robust outlook for Gamuda
Gamuda Bhd is expected to deepen its involvement in the Ulu Padas hydroelectric dam project in Sabah, with further contract wins on the horizon as the state accelerates efforts to […]
China alumina exports surge to seven-year high on widening glut
China’s growing glut of alumina pushed exports to their second-highest level ever in March, with shipments expected to remain elevated for several more months. Read full story Date: 23 April, […]
Trade surplus rises as exports to US spike
Indonesia has booked a large trade surplus for March thanks to surging exports to the United States before import tariffs introduced by US President Donald Trump took effect. Read full […]
Multiple contracts forecast to mitigate copper price volatility for Southern Cable
Cable and wire manufacturer Southern Cable Group Bhd (SCGB) is expected to weather the volatility in copper prices through the use of contracts with different expiry dates and fixed volumes, […]
PIE to gain from companies exiting Vietnam
Analysts continue to like electronics manufacturing services provider PIE Industrial Bhd (PIE) for its comprehensive skill set, competitive advantage as well as a diversified and evolving client base. Read full […]
DPS, Invest Energy to power AI data centre in Melaka
KUALA LUMPUR: DPS Resources Bhd has entered into a strategic partnership with Invest Energy Ventures Sdn Bhd (IEVSB) to develop solar farms and sustainable infrastructure for its artificial intelligence (AI) data centre […]
Southern Steel to dispose of wholly-owned subsidiary for RM61mil
PETALING JAYA: Southern Steel Bhd (SSB) is disposing of a 55% stake (representing 12.88 million shares) in wholly-owned subsidiary Southern Steel Mesh Sdn Bhd (SSM) to Singapore-listed BRC Asia Ltd […]