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Asia’s AI stocks pummelled as bond yields hit pre-2008 levels
HONG KONG, Aug 19 — Technology stocks were back in the crosshairs of investors Wednesday, taking another heavy blow from a spike in bond yields, rising oil prices, persistent inflation and dimming hopes for a deal to reopen the Strait
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Ringgit starts stronger as inflation stays in check, tipped to stay within 4.06-4.08 range today
KUALA LUMPUR, Aug 18 — The ringgit opened higher against major currencies but was little changed against the US dollar on Tuesday, amid expectations that the possibility of a US interest rate hike in September has dropped, an economist said.
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Indonesia rolls out new QRIS credit option with CIMB Niaga on board
JAKARTA, Aug 18 — CIMB Niaga is among eight payment service providers participating in Bank Indonesia’s (BI) newly launched Indonesian Credit Card (KKI), which offers individuals and businesses a new credit payment option for transactions through the country’s Quick Response
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EPF sees membership, contributions rise as labour market stays resilient
KUALA LUMPUR, Aug 17 — The Employees Provident Fund (EPF) registered 441,846 new members in the first six months ended June 30, 2026 (1H 2026), bringing total membership to close to 18.5 million. In a statement today, it said active
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Strong global markets lift EPF investment income 48pc to RM57.5b in first half of 2026
KUALA LUMPUR, Aug 17 — The Employees Provident Fund’s (EPF) total investment income rose by 48 per cent to RM57.50 billion in the first six months ended June 30, 2026 (1H 2026) from RM38.92 billion in the corresponding period a
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Hainan’s free trade push opens new money-making opportunities for Malaysia, Asean
KUALA LUMPUR, Aug 16 — Hainan is emerging as a key gateway between China and the global economy as it accelerates the development of its Free Trade Port (FTP), with new opportunities spanning supply chains, digital trade, investment, tourism and
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Stripe and Advent in talks to buy PayPal in ‘coming weeks’
SAN FRANCISCO, Aug 15 — After rejecting a previous offer, payments giant PayPal is considering a new deal to sell itself to a group of investors that includes private financial company Stripe, according to a Wall Street Journal report Friday.
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Intuitive’s RM2b Penang facility to boost medtech manufacturing, create 1,200 jobs
GEORGE TOWN, Aug 14 — Global medtech company Intuitive will invest about RM2 billion over five years in its first facility in Penang. Its executive vice-president and chief manufacturing and supply chain officer Mark Brosius said the new 316,000-square-foot facility
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Bank Negara governor: AI boom drives 57pc surge in Malaysia’s E&E exports in Q2
KUALA LUMPUR, Aug 14 — Malaysia’s electrical and electronics (E&E) exports surged 57.1 per cent year-on-year in the second quarter of 2026, up from 23 per cent in the preceding quarter, amid strong external demand linked to the global artificial
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Porsche to phase out electric Taycan as sales fall short of expectations
FRANKFURT, Aug 14 — Struggling German sports car maker Porsche plans to end production of the Taycan, its flagship fully electric model, by 2030 after steadily dwindling sales, a report said yesterday. The manufacturer announced last year a major rollback
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