Business
Back to homepage
Bursa Malaysia opens slightly lower as FBM KLCI slips 0.06pc in early trade
KUALA LUMPUR, June 9 — Bursa Malaysia opened slightly lower today with the key index slipping 0.06 per cent even as investors continued to participate in the broader market despite lingering concerns over the West Asia conflict. At 9.07 am, the
Read More
Malaysia’s 1Q 2026 approved investments hit RM92.8b as domestic inflows strengthen, says Mida
KUALA LUMPUR, June 8 — Malaysia has secured RM92.8 billion in approved investments for the first quarter of 2026 (1Q 2026), with Japan emerging as the largest foreign investor and domestic investment recording its strongest year-on-year growth in the reporting
Read More
Opec+ raises July oil production quotas amid supply concerns
VIENNA, June 8 — Opec+ ministers decided yesterday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast
Read More
Astro announces Euan Smith’s departure as group CEO, Henry Tan to serve as interim
KUALA LUMPUR, June 8 — Astro Malaysia Holdings Bhd today said group chief executive officer Euan Smith has stepped down after six years with the company. Former chief executive Henry Tan will return as interim group CEO from June 16
Read More
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
Read More
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
Read More
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
Read More
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
Read More
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.
Read More
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
Read More