Latest
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Sabah & Sarawak
On board and taken off
SEPANG: Retiree Jirang Yahiya, his wife and his daughter had boarded a plane home to Sandakan at 10am after their Raya holidays in Melaka and had been waiting for the plane to take off, when they were given a nasty surprise.
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Insight
Asian currencies can’t fight the greenback
Paul O’Neill, a Treasury secretary under George W Bush, ran into controversy on his first overseas trip when he had the temerity to question the often celebrated, and sometimes bemoaned, strong-dollar policy.
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Insight
Funds quickly buy back into copper’s super-cycle credentials
The commodities super cycle is back with a vengeance if copper’s performance since the start of the month is anything to go by.
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Economy
US plans to restore tariffs on some solar tech
The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans say.
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Corporate News
Jane Street scores US$10.6bil in trading haul
Jane Street Group LLC generated US$10.6bil in net trading revenue last year – one of many big numbers demonstrating its presence as a major market maker eyeing ever-more growth.
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Economy
IMF, World Bank cite progress in debt restructuring
The International Monetary Fund (IMF), World Bank and current G20 president Brazil say there has been significant progress on global debt issues in recent months, citing new agreements on desired timelines and comparability of treatment.
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Corporate News
Morgan Stanley sells US$8bil in Big Banks’ bond bonanza
Morgan Stanley sold US$8bil of bonds, following its release of higher-than-expected quarterly revenue, as it joined rivals JPMorgan Chase & Co and Wells Fargo & Co in tapping the US investment-grade market this week.
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Corporate News
What Elon Musk’s pay package vote means
Elon Musk is making one of his biggest asks of Tesla Inc investors yet. It was one thing for shareholders to approve his moonshot pay package in 2018, when it contained seemingly audacious goals and the market for electric vehicles was still Tesla’s to lose.
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Economy
IDB eyes joint goals with multilateral banks
The Inter-American Development Bank (IDB) plans to release a statement tomorrow with joint goals of multilateral development banks (MDBs) that is expected to entail priority-sharing and the possibility of project co-financing, the bank’s president says.
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Sabah & Sarawak
Eruption sends air traffic into chaos
PETALING JAYA: It could be weeks before flights between the peninsula and Sabah and Sarawak return to normal after a volcanic eruption left air traffic over the two states in chaos, says a weather expert.
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Focus
Blues for exporters with Red Sea crisis
ATUL Jhunjhunwala, an exporter in India’s eastern city of Kolkata, is tearing his hair out, having just lost another order due to the Red Sea crisis that has jacked up his shipping costs and times.
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Corporate News
Sunway gets RM50mil revenue from roadshow
Sunway Group generated close to RM50mil in sales from its two-week nationwide Golden Jubilee Mega Roadshow – reaffirming the group’s status as a trusted brand, says Sunway Group chief executive officer for digital and strategic investments Evan Cheah.
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Sabah & Sarawak
Making the best of a bad situation
KUCHING: Hundreds of passengers were stranded at the Kuching International Airport following flight cancellations due to the volcano eruption in Indonesia, but most took the disruptions in their stride.
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Banking
RHB ups its sustainable financial service target
RHB Bank Bhd is targeting to increase its 2026 sustainable financial services from RM20bil to RM50bil after recording strong achievements in the area.
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Economy
Amir Hamzah leads M’sian delegation to IMF, WBG spring meetings
Finance Minister II, Datuk Seri Amir Hamzah Azizan, is leading Malaysia’s delegation to Washington DC, United States, to attend the 2024 spring meetings of the International Monetary Fund (IMF) and World Bank Group (WBG) from April 17-19.
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Badminton
Legend Rashid sees singles at its low ahead of battle among teams at Thomas Cup
PETALING JAYA: It’s frustrating to see a weak Malaysia’s singles department despite great investment in it.
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Economy
Focus on revitalising demand and investment
Vietnam’s economic prospects for 2024 involve revitalising aggregate demand, promoting sustainable growth, and improving the investment environment to drive long-term development.
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Economy
Human resource challenge for Vietnam's tourism sector
Vietnam’s human resources for tourism are still insufficient both in number and quality, posing a great challenge for the industry in the context of tough competition and deeper international integration.
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Economy
Philippines central bank governor unfazed by peso slump
The recent weakness of the peso is “not large enough” to upset inflation expectations and trigger any policy actions from the Bangko Sentral ng Pilipinas (BSP), governor Eli Remolona Jr says.
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Business
State-owned enterprises achieve milestone in key HSR construction
The Shanghai-Chongqing-Chengdu high-speed rail (HSR), which will link a number of urban clusters along China’s longest river – the Yangtze – and benefit some 600 million people, got a boost on Tuesday as its builder began laying tracks along a key section.