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Best growth of 2026 could already be behind Malaysia, BMI predicts
KUALA LUMPUR, May 19 — Malaysia’s economic growth likely peaked in the first quarter of 2026 and is expected to slow down for the rest of the year, as geopolitical tensions and weakening global demand cast a shadow over the
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Hormuz traffic rebounds to wartime average after record low; Iran formalises crossing toll
LONDON, May 19 — Traffic through the Strait of Hormuz was slightly higher last week, returning to levels in line with the average recorded since the start of the Middle East conflict after hitting a wartime low. A total of
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Ringgit closes lower amid cautious sentiment over China data, FOMC minutes
KUALA LUMPUR, May 18 — The ringgit closed lower against the US dollar on Monday, as cautious sentiment prevailed in the foreign exchange market. This came on the back of China’s weaker economic data and amid jitters ahead the Federal
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Pos Malaysia narrows 1Q net loss to RM19.54m as revenue rises 7.3pc
KUALA LUMPUR, May 18 — Pos Malaysia Bhd narrowed its net loss to RM19.54 million in the first quarter ended March 31, 2026 (1Q 2026), compared with a net loss of RM41.52 million in the same period last year. In
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Bursa Malaysia opens higher after stronger-than-expected GDP growth
KUALA LUMPUR, May 18 — Bursa Malaysia opened higher today following Malaysia’s stronger-than-expected first quarter of 2026 (1Q 2026) gross domestic product (GDP) which expanded by 5.4 per cent, surpassing the advance estimate of 5.3 per cent. Bank Negara Malaysia
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Ringgit opens slightly higher against US dollar amid cautious market sentiment
KUALA LUMPUR, May 18 — The ringgit opened slightly higher against the US dollar on Monday although cautious sentiment persisted amid escalating geopolitical tensions in West Asia. At 8am, the local unit rose to 3.9495/9605 against the greenback from yesterday’s
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Dutch chip giant ASML signs deal with Tata to power India semiconductor plant
THE HAGUE, May 18 — Dutch tech giant ASML signed a deal with Tata Electronics Saturday to help build and scale up a semi-conductor plant in India, overseen by Prime Minister Narendra Modi on his tour of the Netherlands. ASML,
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Iraq says Strait of Hormuz disruption slashed monthly oil exports by nearly 90pc
BAGHDAD, May 16 — Iraq exported 10 million barrels of oil via the Strait of Hormuz in April, down from about 93 million barrels monthly before the Iran war, the country’s new oil minister, Basim Mohammed, said at a press
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How Samsung’s AI chip success has led workers to threaten its biggest-ever strike
SEOUL, May 16 — A looming 18-day strike at South Korean chip giant Samsung that has triggered worries within the government, rattled foreign investors and threatened global supply chains rests on one crucial question: who should share in the spoils
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SpaceX shareholders approve 5-for-1 stock split ahead of planned IPO
CALIFORNIA, May 16 — A majority of SpaceX shareholders have approved a 5-for-1 stock split recommended by the company’s board, Bloomberg News reported yesterday, citing people familiar with the matter. Shareholders of IPO-bound SpaceX were informed via email that the stock’s fair
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