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US Treasury push puts Fed boss Warsh in a bind
WASHINGTON, Aug 27 — US Treasury Secretary Scott Bessent’s controversial efforts to lower Treasury yields have potentially put him at odds with Federal Reserve Chair Kevin Warsh, complicating the latter’s communications challenge this week. Warsh will deliver the opening address
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Malaysia must strengthen market foundations to stay competitive, says Amir Hamzah
KUALA LUMPUR, Aug 27 — Malaysia must go beyond embracing new technologies by strengthening market foundations, improving efficiency and widening access to capital to keep its financial and capital markets competitive, resilient and relevant. Finance Minister II Datuk Seri Amir
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Mah Sing buys RM186m Ampang land for RM1.92b M Araya project
KUALA LUMPUR, Aug 26 — Mah Sing Group Bhd’s wholly owned subsidiary Capitol Avenue Development Sdn Bhd has entered into conditional sale and purchase agreements to acquire several parcels of land in Ampang for a total consideration of RM186.17 million.
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IJM Corp subsidiary bags nearly RM1b in semiconductor and medical tech contracts
KUALA LUMPUR, Aug 26 — IJM Corporation Bhd’s (IJM Corp) wholly owned subsidiary, IJM Construction Sdn Bhd, has secured two fast-track semiconductor and medical technology projects worth a combined RM909.5 million for its financial year 2027 (FY2027) contract wins. One
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Proton powers towards best year in 15 years with 200,000-car sales target
KUALA LUMPUR, Aug 26 — Proton Holdings Bhd expects its total vehicle sales to reach 200,000 units in 2026, which will mark its highest annual sales performance in 15 years, following a strong first-half (1H) performance. Deputy chief executive officer
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Saudi Arabia signs US7b deal with France for three Paris theme parks, one manga-themed
PARIS, Aug 25 — France and Saudi Arabia yesterday signed a memorandum of understanding for a six-billion-euro (US$7-billion) Saudi investment to create three theme parks near Paris, including one expected to be manga-themed, the office of the French president said.
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Ringgit slips as markets weigh US ‘economic D‑Day’ threat and Jackson Hole risks
KUALA LUMPUR, Aug 24 — The ringgit ended lower against the greenback today as the threat of an “economic D-Day” on Iran, policy risks ahead of the Jackson Hole symposium and continued instability in the US Treasury market spurred caution.
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Millions of Teslas recalled in China over door‑handle hazard and steering‑assist issues
BEIJING, Aug 24 — Tesla is recalling nearly three million cars in China with interior door handles that could hamper a person’s ability to exit their vehicle in an emergency, Beijing’s national market watchdog said. Eight Chinese carmakers also filed
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Shein sets September 1 Hong Kong debut at up to US$27b valuation
HONG KONG, Aug 24 — Shein will debut on the Hong Kong stock exchange on September 1, the fast-fashion retailer said today, in a long-awaited listing that would value the group at close to US$27 billion. The online retailer plans
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Alibaba doubles down on AI with HK$80b share sale plan
HONG KONG, Aug 23 — Chinese tech giant Alibaba said today that it plans to issue HK$80 billion (RM41.2 billion) in new shares in Hong Kong to fund its global artificial intelligence ambitions. The Hangzhou-based firm has been ploughing tens
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