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US$80b buyback: Samsung goes big to win back investors
SEOUL Aug 21 — South Korean chip giant Samsung Electronics said Friday it would buy back up to US$80 billion (RM323.2 billion) of its own shares to boost shareholder returns, the largest such plan in the country. The announcement came
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Amazon to invest US$2b to expand Latin American originals and licensed content, including Mexican version of ‘The Office’
MEXICO CITY, Aug 21 — Amazon announced yesterday that it would invest US$2 billion (RM8.09 billion) in Latin American productions for its Prime Video streaming service through 2030 to harness “extraordinary” momentum in the region. “What’s happening in Latin America
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Bursa Malaysia ends higher as easing US Treasury yields boost risk appetite
KUALA LUMPUR, Aug 20 — Bursa Malaysia ended higher on Thursday as easing US Treasury yields improved risk appetite following the US Treasury’s announcement of increased buyback operations, an analyst said. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI)
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Telekom Malaysia 2Q net profit slips to RM365.48m despite higher revenue
KUALA LUMPUR, Aug 20 — Telekom Malaysia Bhd (TM) posted a lower net profit of RM365.48 million for the second quarter ended June 30, 2026 (2Q 2026), compared with RM402.97 million in the corresponding quarter last year. Revenue rose to
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Asian stocks rally as US Treasury move eases bond yield fears
HONG KONG, Aug 20 — Asian markets rallied today after the US Treasury said it would “at least double” the amount of long-term bonds to push down borrowing costs, following a surge this week to near two-decade highs. The surprise
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SC: Malaysian companies can access Hong Kong market via new simultaneous listing framework
GEORGE TOWN, Aug 19 — Malaysian companies planning initial public offerings (IPOs) will be able to pursue simultaneous listings in Malaysia and Hong Kong using a single set of submission documents starting next month. Securities Commission Malaysia (SC) chairman Datuk
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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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