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Malaysia’s wholesale and retail trade sales hit RM171.3b in May, up 11pc year-on-year
KUALA LUMPUR, July 10 — Malaysia’s wholesale and retail trade sales reached RM171.3 billion in May 2026, an 11 per cent increase from a year earlier, according to the Department of Statistics Malaysia (DOSM). In a statement today, DOSM said
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Heavyweights mixed: Maybank, Tenaga edge up while Public Bank, CIMB slip in early trade
KUALA LUMPUR, July 9 — Bursa Malaysia opened lower on Thursday, reversing the previous session’s gains as escalating tensions in West Asia weighed on investor sentiment. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 2.20 points, or
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Apple loses EU court battle to evade landmark Digital Markets Act rules
BRUSSELS, July 8 — Apple lost its bid to escape digital competition rules after an EU court on Wednesday rejected the US giant’s challenge. Apple appealed the European Union’s decision to apply stricter rules known as the Digital Markets Act
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Oil rises moderately as Mideast tensions spike again
TOKYO, July 8 — The benchmark US oil contract increased more than 2.5 per cent when markets opened today, as Mideast tensions rose with new US attacks on Iran. West Texas Intermediate crude, one of the two major global benchmarks, was
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BNM expected to hold OPR steady at 2.75pc amid resilient exports, say economists
KUALA LUMPUR, July 7 — Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 2.75 per cent at its Monetary Policy Committee (MPC) meeting, supported by resilient external sector performance, moderate domestic demand and manageable
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Microsoft slashes 4,800 Xbox-related jobs in global cost-cutting drive
WASHINGTON, July 7 — Microsoft said yesterday it was eliminating about 4,800 jobs — roughly two percent of its global workforce — in a cost-cutting move that will deliver a sweeping restructuring of its struggling Xbox gaming division. The cuts
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Ringgit opens slightly higher against US dollar amid focus on Fed outlook
KUALA LUMPUR, July 7 — The ringgit opened slightly higher against the US dollar today amid continued focus on the United States (US) Federal Reserve’s (Fed) interest rate outlook. However, the local note weakened against all major currencies except the
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Samsung expects 1,800pc leap in quarterly operating profit on AI boom
SEOUL, July 7 — South Korean technology giant Samsung Electronics forecast today a roughly 19-fold jump in second-quarter operating profit from a year earlier, buoyed by sustained AI-driven demand for memory chips. The world’s largest memory chipmaker estimated April-June operating profit
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High-quality investments drive Selangor GDP to RM460.1b, says exco
SHAH ALAM, July 6 — The inflow of high-quality investments with strong value chains has been one of the key drivers of Selangor’s economic expansion, enabling the state to record a gross domestic product (GDP) of RM460.1 billion in 2025,
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Porsche could cut up to 4,000 more jobs, report says
STUTTGART, July 6 — Up to 4,000 more jobs could be cut at sports carmaker Porsche following the job cuts already announced, according to the Handelsblatt newspaper on Sunday, reported German Press Agency (dpa). The newspaper said staff in management
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