Business
Back to homepage
Germany’s Infineon to invest €1.1b in Austrian chip production as AI demand grows
BERLIN, Oct 28 — German semiconductor maker Infineon said Tuesday it would invest €1.1 billion (RM4.99 billion) in a next-generation chip production unit in Austria to meet rising demand driven by the AI boom. The group, based near Munich, said
Read More
Penang cruise boom brings more visitors and business to northern Malaysia
GEORGE TOWN, Oct 27 — Swettenham Pier Cruise Terminal (SPCT) recorded 569,173 passengers from January to September this year, up 52.12 per cent from 374,171 in the same period last year. Penang Port Commission chairman Datuk Yeoh Soon Hin said
Read More
Lufthansa resumes direct Kuala Lumpur–Frankfurt flights after nearly a decade
SEPANG, Oct 27 — Lufthansa Airlines has launched its nonstop service between Kuala Lumpur and Frankfurt, Germany, restoring a direct air link between the two cities after nearly a decade. Tourism, Arts and Culture Minister Datuk Seri Tiong King Sing
Read More
Japanese seafood exports to Malaysia jump 40pc to RM130m as demand grows
KUALA LUMPUR, Oct 26 — Japanese seafood exports to Malaysia rose by about 40 per cent in the first eight months of 2026, driven by stronger demand for premium products and growing consumer appreciation of Japanese cuisine. Japan External Trade
Read More
Indonesia lets listed firms buy back shares without shareholder approval until June 2027
JAKARTA, Oct 26 — Indonesia’s Financial Services Authority (OJK) said Monday it has extended the policy allowing listed companies to buy back shares without requiring general meeting of shareholders approval until June 2027, from the previous deadline of late 2026,
Read More
BMI: Malaysia among South-east Asian economies facing El Nino crop, power risks
KUALA LUMPUR, Oct 26 — Southern Africa and Southeast Asia are expected to face the sharpest rise in drought, heat and power risks following the 2026-2027 El Niño, according to a report by BMI, a Fitch Solutions company. It said
Read More
Bursa Malaysia opens higher before retreating on Wall Street weakness
KUALA LUMPUR, Oct 26 — Bursa Malaysia opened slightly higher on Monday but fell thereafter as market sentiment was weighed down by the weaker overnight performance on Wall Street. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 3.43 points, or
Read More
Ringgit opens firmer versus US dollar as markets await Fed decision
KUALA LUMPUR, Oct 26 — The ringgit was slightly higher against the US dollar in early trade on Monday amid cautious sentiment ahead of the US Federal Reserve’s Federal Open Market Committee (FOMC) meeting on October 27-28. At 8.02am, the
Read More
Gucci and Volvo Cars get hammered as oil and AI worries rattle markets
NEW YORK, Oct 24 — Oil prices rose to their highest levels since late April on Friday, with benchmark crude contract Brent North Sea climbing above US$116 (RM474) a barrel as the Middle East conflict raged on. Global markets were
Read More
Ringgit opens higher as greenback weakens amid AI investment concerns
KUALA LUMPUR, Oct 23 — The ringgit opened higher today as the greenback weakened after equity prices fell amid heightened concern over artificial intelligence (AI)-related investments. At 8 am, the ringgit rose to 4.0785/0855 against the greenback from yesterday’s close
Read More