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China’s economy expands 4.3pc in second quarter as property crisis and spending slump persist
BEIJING, July 15 — China’s economy grew at its weakest pace in more than three years during the second quarter, data showed Wednesday, missing expectations even as strong exports driven by the global AI boom helped offset trade disruptions caused
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Ringgit strengthens against US dollar as investors eye upbeat Malaysia GDP outlook
KUALA LUMPUR, July 15 — The ringgit opened higher against the US dollar on Wednesday as investors anticipated an upbeat advance estimate of Malaysia’s second-quarter (2Q) gross domestic product (GDP), analysts said. At 8 am, the local currency appreciated to 4.0740/0780
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South Korea hikes 2026 growth outlook to 3pc on AI chip boom
SEOUL, July 14 — South Korea raised its 2026 growth forecast by one percentage point to three per cent today, buoyed by strong performances from memory chipmakers as artificial intelligence demand soars. Record profits from semiconductor giants Samsung Electronics and SK
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Malaysia poised to gain as Indonesia likely to cut palm oil exports, says MPOC
KUALA LUMPUR, July 13 — The recent launch of Indonesia’s nationwide rollout of the B50 biodiesel mandate presents an opportunity for Malaysia to strengthen its existing palm oil markets while expanding its market share in selected destinations. Malaysian Palm Oil
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Oil price jumps over 4pc as US-Iran fighting flares, Asian markets mostly fall
HONG KONG, July 13 — Oil prices jumped more than four per cent today after another flare-up between the US and Iran that threatened their already fragile truce, while Seoul led losses in most Asian stock markets as tech firms
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Petronas inks seven-year LNG supply deal with Japan’s Shizuoka Gas
KUALA LUMPUR, July 13 — Petroliam Nasional Bhd’s (Petronas) subsidiary Petronas LNG Ltd (PLL) has inked a seven-year new liquefied natural gas (LNG) sale and purchase agreement with Shizuoka Gas Co Ltd to supply approximately 0.84 million tonnes of LNG
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Amid cost-cutting push, Volkswagen CEO says there are ‘smarter solutions’ than closing factories
BERLIN, July 12 — Volkswagen Group chief executive Oliver Blume said he believed the carmaker could avoid factory closures as it presses ahead with efforts to cut costs, reported German news agency dpa. “There are smarter solutions than closing plants,”
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Ringgit holds steady, but next US inflation print could shake things up
KUALA LUMPUR, July 11 — The ringgit is expected to move within a narrow range of RM4.05 to RM4.07 against the US dollar next week as investors await the release of the United States Consumer Price Index (CPI) report, which
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Fast fashion giant Shein gets green light for Hong Kong IPO as China opens the fashion door
BEIJING, July 11 — Fashion giant Shein has won approval from China’s market watchdog for its initial public offering application in Hong Kong, the China Securities Regulatory Commission said on Friday. The CSRC approved Shein’s plan to sell up to
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From AI buddies to rivals: Apple and OpenAI’s bromance ends in court with blockbuster trade secrets lawsuit
SAN FRANCISCO, July 11 — Apple on Friday sued OpenAI, accusing the artificial intelligence company of orchestrating a campaign to steal the iPhone maker’s trade secrets as it tries to develop its own consumer hardware device. The lawsuit – filed
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