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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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Strong global markets lift EPF investment income 48pc to RM57.5b in first half of 2026
KUALA LUMPUR, Aug 17 — The Employees Provident Fund’s (EPF) total investment income rose by 48 per cent to RM57.50 billion in the first six months ended June 30, 2026 (1H 2026) from RM38.92 billion in the corresponding period a
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Hainan’s free trade push opens new money-making opportunities for Malaysia, Asean
KUALA LUMPUR, Aug 16 — Hainan is emerging as a key gateway between China and the global economy as it accelerates the development of its Free Trade Port (FTP), with new opportunities spanning supply chains, digital trade, investment, tourism and
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Stripe and Advent in talks to buy PayPal in ‘coming weeks’
SAN FRANCISCO, Aug 15 — After rejecting a previous offer, payments giant PayPal is considering a new deal to sell itself to a group of investors that includes private financial company Stripe, according to a Wall Street Journal report Friday.
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Intuitive’s RM2b Penang facility to boost medtech manufacturing, create 1,200 jobs
GEORGE TOWN, Aug 14 — Global medtech company Intuitive will invest about RM2 billion over five years in its first facility in Penang. Its executive vice-president and chief manufacturing and supply chain officer Mark Brosius said the new 316,000-square-foot facility
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Bank Negara governor: AI boom drives 57pc surge in Malaysia’s E&E exports in Q2
KUALA LUMPUR, Aug 14 — Malaysia’s electrical and electronics (E&E) exports surged 57.1 per cent year-on-year in the second quarter of 2026, up from 23 per cent in the preceding quarter, amid strong external demand linked to the global artificial
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Porsche to phase out electric Taycan as sales fall short of expectations
FRANKFURT, Aug 14 — Struggling German sports car maker Porsche plans to end production of the Taycan, its flagship fully electric model, by 2030 after steadily dwindling sales, a report said yesterday. The manufacturer announced last year a major rollback
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Maersk doubles Q2 profit to US$1.3b, raises full-year outlook
COPENHAGEN, Aug 13 — Shipping giant Maersk raised its full-year earnings guidance Thursday as it reported a doubling of profits in the second quarter, driven by strong demand in Asia in particular. From April to June, net profit was US$1.3
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Seoul leads Asian stocks higher as easing US inflation revives tech rally
HONG KONG, Aug 13 — Seoul led gainers in Asian stocks Thursday as investors continued to push back into tech firms after a summer rout, with confidence boosted by easing US interest rate hike fears after data showed inflation slowing
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Ringgit rises against US dollar as markets await 2Q GDP, US inflation data
KUALA LUMPUR, Aug 12 — The ringgit opened higher against the US dollar today, ahead of Malaysia’s second quarter (2Q) gross domestic product (GDP) official data, slated to be released on Aug 14, an economist said. At 8 am, the local
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