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Global stocks in red over worries about tech and Nvidia
NEW YORK, Nov 19 — Stock markets slid across the board yesterday as investors worried about lofty tech valuations on the eve of earnings from AI chip titan Nvidia. Bitcoin also briefly fell below the key US$90,000 (RM373,410) level for
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Ringgit higher versus US dollar ahead of next US fed rate move
KUALA LUMPUR, Nov 19 —The ringgit opened higher against the US dollar today amid investors’ cautious sentiment about the US Federal Reserve (Fed) interest rate next month, an analyst said. At 8am, the ringgit strengthened to 4.1570/1705 versus the greenback from yesterday’s
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Ringgit eases slightly against US dollar amid technical correction
KUALA LUMPUR, Nov 18 — The ringgit opened slightly easier against the US dollar this morning, reflecting a technical correction after its recent gains. At 8 am, the ringgit stood at 4.1485/1595 versus the greenback, compared to yesterday’s close of 4.1480/1515.
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EPF posts double-digit growth with RM63.99b investment income in nine months
KUALA LUMPUR, Nov 17 — The Employees Provident Fund (EPF) recorded a total investment income of RM63.99 billion for the nine months ended Sept 30, 2025 (9M 2025), up 11per cent from RM57.57 billion in the same period last year. In
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Bursa opens higher as ringgit boost lifts finance stocks
KUALA LUMPUR, Nov 17 — Bursa Malaysia’s benchmark index started the week on a positive note despite Wall Street’s mixed performance on Friday and softer performance in most regional markets. At 9.06am, the FTSE Bursa Malaysia KLCI (FBM KLCI) advanced
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Why selling luxury in India isn’t easy
MUMBAI, Nov 16 — The globe’s biggest luxury brands have dreamt of India’s vast consumer base for decades, but navigating the market has proven to be a complex task. French retailer Galeries Lafayette is the latest to try its luck,
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Foreign investment into Malaysia jumps fivefold in Q3, driven by data-centre and services growth
KUALA LUMPUR, Nov 14 — Foreign direct investment (FDI) into Malaysia posted a net inflow, jumped to RM8.5 billion in the third quarter of 2025 (Q3 2025) from RM1.6 billion in Q2 2025, supported by larger equity injections, said the
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How a social media empire is serving up shares
KUALA LUMPUR — Foodie Media Bhd, the company behind popular social media brands such as KL Foodie and Penang Foodie, has launched its initial public offering (IPO) on Bursa Malaysia’s ACE Market, with listing scheduled for Nov 28. The IPO
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Genting extends GENM buyout timeline to Dec 1 after triggering mandatory takeover threshold
KUALA LUMPUR, Nov 14 — Genting Bhd has extended the closing date for its voluntary takeover bid for Genting Malaysia Bhd (GENM) to 5pm on December 1, pushing it back from the earlier deadline of November 24. The extension follows
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Ringgit nudges 13-month high as investors await Malaysia’s Q3 GDP numbers
KUALA LUMPUR, Nov 14 — The ringgit opened higher against the US dollar for a 10th straight session this morning, extending its gains ahead of Malaysia’s third-quarter (Q3) 2025 gross domestic product (GDP) data, due this afternoon, an analyst said.
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