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Ringgit trades mixed after upbeat US jobs data lifts greenback
KUALA LUMPUR, June 8 — The ringgit traded mostly higher against major currencies but was easier against the US dollar in early trade today as the greenback strengthened following better-than-expected US labour market data. At 8am, the local note depreciated
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Record profit hopes fade as war and jet shortages cloud airline outlook
RIO DE JANEIRO, June 6 — Global airline chiefs open their annual summit in Rio de Janeiro on Saturday facing a sharper test of the industry’s post-pandemic recovery, as the Iran war drives up fuel costs and disrupts airspace while
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Indonesian hotel chain Archipelago International leaves Cuba as Trump deadline looms
JAKARTA, June 6 — Indonesian hotel chain Archipelago International has confirmed its exit from Cuba citing US sanctions, with the group telling AFP on Friday it may resume operations “if the situation improves”. Foreign businesses including several international hotel chains
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Thai watchdog to sue Meta over Facebook scam ads targeting users
BANGKOK, June 5 — Thailand’s consumer watchdog said it will sue Meta’s Facebook for allegedly allowing scammers to use the platform to defraud users through adverts and for failing to protect consumers, the Consumer Council said yesterday. Meta did not
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Ringgit slips against US dollar but strengthens against other major currencies
KUALA LUMPUR, June 5 — The ringgit traded easier against the US dollar today morning but strengthened against other major currencies amid a cautious currency market, as authorities across Asia issued statements reaffirming their commitment to stabilise their respective currencies.
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TNB delivers 4.3GW in renewable capacity to support Malaysia’s energy transition, says chairman
KUALA LUMPUR, June 4 — Tenaga Nasional Bhd (TNB) has delivered 4.3 gigawatts (GW) of installed renewable energy capacity as the utility continues to support the country’s energy transition agenda. TNB chairman Tan Sri Abdul Razak Abdul Majid said the
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IATA summit to tackle fuel shock, detours and delivery delays facing global airlines amid Iran war
RIO DE JANEIRO, June 4 — Global airline bosses gathering in Rio de Janeiro this weekend will be searching for answers to the industry’s biggest crisis since the pandemic, with the Iran war driving up jet fuel costs, forcing flight
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Australia PM says he is in ‘ideological disagreement’ with US over new tariffs
SYDNEY, June 4 — Australia’s prime minister said today there was “ideological disagreement” over tariffs with the United States, which has proposed a new levy on the country’s goods. Washington this week proposed new duties targeting 60 economies for alleged
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Trade groups call on US govt to expand chipmaking over strain from AI boom
WASHINGTON, June 4 — A memory chip shortage driven by artificial intelligence demand is posing risks to sectors like consumer electronics and automobiles, trade groups warned yesterday, as they called on the Trump administration to help boost supplies. “Expanding artificial
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Japan backs US$19b package to cushion Iran war impact on households
TOKYO, June 3 — Prime Minister Sanae Takaichi’s government backed on Wednesday US$19 billion (RM75.65 billion) in additional spending to help Japanese households struggling with soaring everyday costs driven by the Iran war. The budget could reportedly be passed as
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