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Ringgit up versus the dollar as US-Iran sanctions waiver and fiscal reforms drive gains
KUALA LUMPUR, June 23 — The ringgit opened higher against the US dollar on Tuesday as peace negotiations in West Asia made progress, an analyst said. At 8 am, the local note improved to 4.1440/1505 against the greenback from 4.1465/1500
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Airlines seen pocketing US$40b windfall as fares stay high despite plunging fuel prices
LONDON, June 22 — Airlines stand to save billions of dollars on jet fuel after an interim US-Iran peace deal sent oil prices lower, but passengers are unlikely to see immediate relief as tight capacity may allow carriers to keep
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Pound falls as Burnham’s rise sparks investor concern over UK fiscal rules
LONDON, June 22 — The pound eased on Monday, as speculation mounted that Prime Minister Keir Starmer could set out a timetable for his departure imminently, paving the way for Andy Burnham to become Britain’s seventh leader since the Brexit
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AirAsia says fares to drop once fuel prices stabilise, eyes one billion passengers by end of 2027
KUALA LUMPUR, June 22 — AirAsia Group has said it will reduce airfares once fuel prices drop and stabilise as tensions begin easing in the Middle East. AirAsia Group chief executive officer Bo Lingam said the budget carrier lowered its fares
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Iraq projects oil production to return to pre-war levels within two months
BAGHDAD, June 20 — Iraqi authorities predict oil production will return to peacetime levels “within one to two months”, state media reported, after the Middle East war caused exports to plummet. The war and Iran’s ensuing blockade of the Strait
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Indonesia’s new palm oil export rules draw scrutiny from Malaysia, traders
JAKARTA, June 20 — Indonesia’s plan to tighten oversight of strategic commodity exports through a new state-linked monitoring framework is being closely watched by industry players in Malaysia as well as buyers and traders in major markets, with analysts assessing
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Chip giant MKS pours RM400m into Penang plant, creates 1,000 high-value jobs
SEBERANG PERAI, June 20 — Global semiconductor technology company MKS Inc today invested more than RM400 million to establish a new Super Center Factory in Penang. Penang Chief Minister Chow Kon Yeow said the facility at Bandar Cassia Technology Park
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Malaysia’s inflation up 2pc in May as information, food and housing groups record gains, says DOSM
KUALA LUMPUR, June 19 — Malaysia’s inflation increased 2.0 per cent in May 2026 with the index points rising to 137.1 from 134.4 versus a year ago, said the Statistics Department Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir
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US tells ASML it is concerned one of its chipmaking tools may be in China, Bloomberg News reports
WASHINGTON, June 19 — US Commerce Secretary Howard Lutnick has told ASML that Washington is concerned that one of its top chipmaking machines may have found its way to China in violation of US-led export restrictions, Bloomberg News reported yesterday.
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Why Europe is getting nervous about Palantir, the data firm named after ‘The Lord of the Rings’ seeing-stones
WASHINGTON, June 19 — France’s move Tuesday to drop Palantir from its intelligence services is the latest sign of European unease with the American data-mining firm — a company that has grown from a CIA-backed startup into one of the most
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