Business
Back to homepage
India’s Supreme Court- Kashmir internet shutdown unconstitutional
India’s Supreme Court said today that shutting down the internet in the disputed region of Kashmir was unconstitutional, in a rebuke to Prime Minister Narendra Modi’s government. The government imposed a communications lockdown in August after it withdrew the Muslim
Read More
Oil prices fall further as threat of Middle East war recedes
Oil prices dropped today extending days of losses as the threat of war in the Middle East receded and investors switched attention to economic growth prospects and the rise in US crude oil and product inventories. Brent crude LCOc1 fell
Read More
Saudi Aramco hits new low on US-Iran tensions
Shares of Saudi Aramco opened at 34 riyals (US$9.06) today, their lowest level since the oil giant began trading on December 11, after Iran launched missiles on US targets in Iraq. At 0740 GMT, Aramco had recovered to 34.15 shares,
Read More
All 30 FBM KLCI counters in the red as tensions In Middle East rise
KUALA LUMPUR: The local stock market took a direct hit from the escalating tension in the Middle East with all index were pushed into the red at early trade. All top 30 counters on FTSE Bursa Malaysia KLCI (FBM KLCI)
Read More
Perodua launches 2020 Bezza, expects to sell 4k units per month
KUALA LUMPUR: Perodua has launched the latest version of 2020 Bezza today, with 4,000 units expected to be sold monthly on average. By the end of this month, 5,600 units are expected to be delivered to buyers. Perodua president and
Read More
Petronas legal challenge over RM1.3bil SST to be heard in Kuching
The High Court in Kuching will hear the legal challenge brought by Petroliam Nasional Berhad (Petronas) to quash the Notices of Assessment issued by Sarawak government to the company to pay over RM1.3 billion in State Sales Tax (SST). This
Read More
Oil tumbles as investors rethink Mideast disruption risk
Oil prices today surrendered some gains made over the previous two days as investors reconsidered the likelihood of Middle East supply disruptions in the wake of the United States killing a top Iranian military commander. Brent crude LCOc1 fell as
Read More
Duterte speeds through $80 billion 2020 budget, spending up 12%
Philippines President Rodrigo Duterte today signed a record 4.1 trillion peso ($79.97 billion) budget for this year, ensuring timely funding for an infrastructure overhaul in one of the fastest growing economies in Asia. Horse-trading in Congress delayed last year’s budget
Read More
Asian shares stumble, oil surges after US air strikes in Iraq
Asian shares fell today, erasing early gains, while oil prices spiked after US air strikes in Iraq killed a top Iranian commander, heightening geopolitical tensions. Iranian Major-General Qassem Soleimani, head of the elite Quds Force and top Iraqi militia commander
Read More
Proton sales up 55.7% to 100,821 units last year
PUCHONG: Proton has sold 100,821 units of vehicles in 2019, a 55.7% increase over sales in 2018, mainly contributed by Proton X70 and Proton Saga models. This is the first time the national carmaker crossed the 100,000-unit threshold since 2015.
Read More