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LONDON: Global stocks tumbled for a second day on Friday as U.S. President Donald Trump's sweeping tariff plans sowed fears about a global recession, with the sell-off deepening after China said it would impose additional levies of 34% on American goods.
KUALA LUMPUR: Mr D.I.Y. Group (M) Bhd announced that its founder and executive vice chairman, Tan Yu Yeh, has resigned, effective April 17, 2025.
KUALA LUMPUR: EXSIM Hospitality Bhd's wholly owned subsidiary, EXSIM Concepto Sdn Bhd (ECSB), has accepted a RM1.13mil work order from EXSIM Kebun Teh Sdn Bhd (EKTSB) for the design and build of Lumba Kuda Level 1.
PETALING JAYA: Radium Development Bhd is venturing into the healthcare sector via its wholly-owned subsidiary, Radium Healthcare Sdn Bhd which owns A Famosa Specialist Hospital (Malacca) Sdn Bhd.
KUALA LUMPUR: The ringgit ended the week on a firmer footing against the US dollar amidst uncertainties over the reciprocal tariff imposed by the United States (US) administration, said an analyst.
KUALA LUMPUR: Lianson Fleet Group Bhd (LFG) has proposed to dispose of Icon Azra (vessel) to P&O Maritime Offshore AHTSV FZE for US$6.9mil (RM30.73mil) cash.
KUALA LUMPUR: The April 2 tariffs unveiled by United States (US) President Donald Trump have shocked the world and represent a departure from the globalisation policy of previous US administrations.
BEIJING: China's finance ministry said on Friday it will impose additional tariffs of 34% on all U.S. goods from April 10 as a countermeasure to sweeping tariffs imposed by U.S. President Donald Trump
KUALA LUMPUR: The Malaysian International Chamber of Commerce and Industry (MICCI) has warned that the 24% US tariff on Malaysian exports could disrupt the economy and cause widespread job losses if not addressed swiftly.
KUALA LUMPUR: OCBC Bank (Malaysia) Bhd, along with its Islamic banking arm OCBC Al-Amin Bank Bhd, is urging customers impacted by the recent fire at Putra Heights to contact the bank for possible relief or restructuring of their loans and financing schemes.
Malaysia Smelting Corp., one of the world's biggest tin producers, has reported disruptions to deliveries from its Port Klang smelter after a pipeline explosion interrupted gas supply, exacerbating pressure on a market already grappling with global output upheaval.
KUALA LUMPUR: The FBM KLCI plunged 1% on Friday, extending its losses as investors adopted a risk-off stance amid a sea of red across Asia following U.S. President Donald Trump's sweeping tariffs.
Malaysia is projected to post a slower economic growth in 2025 as reciprocal tariffs from the US impact exports, according to two of Southeast Asia's biggest lenders.
SINGAPORE: Japanese banks tanked on Friday and stocks globally extended a punishing selloff in the wake of U.S. President Donald Trump's sweeping tariffs, helping drive a rally in U.S. Treasuries and supporting gold near a record peak.
Global investors have yearned for clarity over U.S. President Donald Trump's tariffs, but now they have it, they don't much like what they see.
PUTRAJAYA: Malaysia, as the Asean chair this year, will prioritise the importance of deepening regional economic ties following the announcement of sweeping US tariffs on the bloc's member nations as well as leading them in engaging Washington in talks to potentially reduce retaliatory tariffs on imports into America.
OIL prices fell over 1% on Friday, and were on track for the worst week in months over U.S. President Donald Trump's new tariffs, stoking concerns that a global trade war could hurt oil demand.
KUALA LUMPUR: The ringgit is expected to remain defensive versus the US dollar, trading at a range of 4.42-4.45, barring surprises, said Kenanga Investment Bank Bhd (Kenanga IB).
KUALA LUMPUR: Axiata Group Bhd is exiting Myanmar after its subsidiary, Edotco Investments (Labuan) Ltd, signed a share purchase agreement (SPA) to sell its entire 87.5 per cent stake in Edotco Investments Singapore Pte Ltd for US$150 million (RM713 million).
A normal-sized plush toy retails for around 50 yuan ($6.9) on average in China. However, a 31-centimeter version plush toy from London-based toymaker Jellycat is priced at 399 yuan or more, and flies off the shelves the moment it becomes available.
