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Malaysia set for RM104b in 2025 investments, trade target unchanged despite global headwinds
KUALA LUMPUR, Aug 7 — The Investment, Trade and Industry Ministry (Miti) has projected 2025’s approved investments to amount to RM104 billion involving manufacturing and selected services sectors under the purview of the Malaysian Investment Development Authority (Mida). Its Minister
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Pharmaniaga completes regularisation plan, set to exit PN17 by Q1 2026
KUALA LUMPUR, Aug 7 — Pharmaniaga Bhd has completed its Practice Note 17 (PN17) regularisation plan following the completion of its capital reduction exercise through the cancellation of RM520 million in issued share capital. In a statement yesterday, the pharmaceutical
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Fed cut bets give ringgit a morning boost
KUALA LUMPUR, Aug 7 — The ringgit opened firmer against the US dollar on Thursday, lifted by a softer greenback amid growing expectations of interest rate cuts by the United States Federal Reserve (Fed) in the coming months. At 8
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South Korea’s Lotteria burger chain to serve up first Malaysian outlet by end-2025, eyes 30 more in five years
SEOUL, Aug 6 — Lotte GRS Co, a subsidiary of Lotte Group, has inked a partnership with Serai Group to launch its first Lotteria burger restaurant in Malaysia this year, Yonhap News Agency reported. The company stated on Wednesday that
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Ringgit climbs against US dollar amid growing rate cut expectations
KUALA LUMPUR, Aug 5 — The ringgit extended its gains to open higher against the US dollar today, as investor sentiment on risk assets rebounded amid talk of a possible United States (US) interest rate cut, an economist said. At 8
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Swiss luxury watchmakers drop after Trump tariff shock
ZURICH, Aug 4 — Swiss luxury watchmakers’ shares, including Richemont and Swatch, were volatile in early trade today, underscoring the challenges for the industry after US President Donald Trump imposed a39 per cent tariff on Swiss imports. The sector, which
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Malaysia’s ‘Buy Now, Pay Later’ loans hit RM3.8b but risks ‘under control’ ahead of new rules, says Amir Hamzah
KUALA LUMPUR, Aug 4 — Buy Now, Pay Later (BNPL) facilities remain under control, but regulatory measures are being strengthened to protect consumers through the Consumer Credit Act 2025 (CCA). Second Finance Minister Datuk Seri Amir Hamzah Azizan said the
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Tesla’s brand loyalty collapsed after Musk backed Trump, data shows
LOS ANGELES, August 4 — Tesla for years had more repeat US customers than any other major automotive brand but its loyalty has plunged since CEO Elon Musk endorsed President Donald Trump last summer, according to data from research firm
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Bursa slides at open, echoing Wall Street’s woes on US economic outlook
KUALA LUMPUR, Aug 4 — Bursa Malaysia retreated from last week’s gains to open lower on Monday, tracking Wall Street’s losses last Friday as investors remain concerned over weaker US economic data coupled with impacts from President Donald Trump’s tariff
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Dollar steadies after tumble as investors eye imminent Fed cuts
SINGAPORE, Aug 4 — A battered dollar edged marginally higher today after a dismal US jobs report and President Donald Trump’s firing of a top labour official stunned investors and led them to ramp up bets of imminent Federal Reserve
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