Latest
-
Banking
MBSB appoints Shahnaz Farouque as new GCFO
PETALING JAYA: Malaysia Building Society Bhd (MBSB) has appointed Shahnaz Farouque Jammal Ahmad its new group chief financial officer (GCFO), effective June 1.
-
Business
PM Anwar says no to second casino in Malaysia
DOHA: Prime Minister Datuk Seri Anwar Ibrahim has firmly said "no” to the idea of a possible second casino in the country.
-
Corporate News
Teo Seng sees better productivity for 2024
PETALING JAYA: Teo Seng Capital Bhd expects better productivity for 2024 and expects its financial performance for the remainder of the year to remain satisfactory.
-
Corporate News
YX Precious Metals braces for tough times ahead
KUALA LUMPUR: YX Precious Metals Bhd expects business conditions to remain challenging due to geopolitical risks, gold price fluctuations, and market uncertainties.
-
Corporate News
Uzma bags non-rig assisted services contract from ExxonMobil
PETALING JAYA: Uzma Bhd has received a letter of award from ExxonMobil Exploration and Production Malaysia Inc (EMEPMI) for non-rig assisted, electric wireline logging equipment and services in West Malaysian waters.
-
Property
Malaysia's property market on road to recovery
PETALING JAYA: Malaysia’s property market is on the road to recovery, as evidenced by improved volume and value in property transactions last year and steady economic growth, said Housing and Local Government (KPKT) Minister Nga Kor Ming.
-
Corporate News
YTL Corp, YTL Power drive FBM KLCI upward
KUALA LUMPUR: Bursa Malaysia continued its uptrend on Tuesday, boosted by strong buying in YTL Corp and YTL Power International.
-
Forex
Asian FX and stocks hit pause as focus turns to US inflation data
ASIAN currencies and stocks were little changed on Tuesday under pressure from a steady dollar, as investor focus turned to the much-anticipated U.S. inflation data for further clues on interest rate outlook.
-
Banking
Hong Kong banks face credit risks from property downturn, Moody's says
BEIJING: The protracted property downturn in Hong Kong and mainland China could weaken credit strength of banks in Hong Kong, a Moody's report said on Tuesday.
-
Banking
China c.bank seen keeping lending rate on hold, yuan constrains easing
SHANGHAI/SINGAPORE: China's central bank is widely expected to leave a key policy rate unchanged when rolling over maturing medium-term loans on Wednesday, a Reuters survey showed.
-
Corporate News
Apple supplier Foxconn's first-quarter profit jumps 72% but misses forecasts
TAIPEI: Apple supplier Foxconn reported a 72% rise in first-quarter profit, boosted by strong demand for AI servers and coming off a low base from the period a year earlier, but the growth was lower than expected.
-
Energy
Oil steady as investors await US inflation data, OPEC report
SINGAPORE: Oil prices were little changed on Tuesday as investors eyed fresh drivers, including upcoming U.S. inflation indicators and a monthly report from the Organization of the Petroleum Exporting Countries this week.
-
Economy
China, other countries to spur trade
CHINA, along with other countries, will work toward the common goal of advancing trade and investment liberation and facilitation, officials and executives said on Monday.
-
Corporate News
Rakuten logs US$213mil quarterly loss as mobile losses negate fintech growth
TOKYO: Japan's Rakuten Group on Tuesday logged an operating loss of 33.3 billion yen ($213 million) in the January-March quarter, its 15th straight quarter in the red as losses in its mobile unit weighed on robust growth in its fintech business.
-
Corporate News
Sony posts 7% fall in annual profit, narrowly misses PS5 target
TOKYO: Japan's Sony Group reported a 7% fall in annual operating profit on Tuesday, hit by the performance of its financial business.
-
Economy
UK regular pay grows by stronger-than-expected 6%
LONDON: British wages excluding bonuses - in the sights of the Bank of England as it considers when to cut interest rates - grew by a stronger-than-expected 6.0% in the first three months of 2024 compared with the same period a year earlier, data showed.
-
Aviation
Australia's Qantas to suspend Shanghai flights on low demand
QANTAS Airways said on Tuesday it will suspend flights to Shanghai starting July 28, citing low demand, about nine months after the Australian flag carrier resumed service from Sydney on hopes of a travel rebound following the pandemic.
-
Corporate News
Delivery Hero in US$1.25bil deal with Uber for foodpanda Taiwan sale, investment
UBER announced on Tuesday a $1.25 billion deal to take over Delivery Hero's foodpanda business in Taiwan and buy new shares in the German firm in a deal that would boost liquidity of the delivery specialist grappling with rising competition in Asia
-
Markets
FBM KLCI rises slightly at midday, YTL stocks rally
KUALA LUMPUR: Malaysia's benchmark stock index bounced higher in morning trade after a negative start as investors traded horizontally in anticipation of key economic data releases this week.
-
Banking
ABM, AIBIM urges public to beware of fake NSRC officers
KUALA LUMPUR: The Association of Banks in Malaysia (ABM) and the Association of Islamic Banking and Financial Institutions Malaysia (AIBIM) have called for heightened vigilance against scams impersonating National Scam Response Centre (NSRC) officers.