Business
Back to homepage
Ringgit rises against US dollar after IEA bid to release oil reserves
KUALA LUMPUR, March 12 — The ringgit extended gains against the US dollar and other currencies at today’s opening, supported by stabilising oil prices following the International Energy Agency’s (IEA) decision to release additional supply into the market, an economist
Read More
Electric car prices drop in Europe, helping sales rise
BRUSSELS, March 12 — The average price of an electric car dropped for the first time since 2020 in Europe last year, which helped sales, a report found today, as the EU debates weakening climate targets for automakers. EU environment
Read More
‘Totally unsustainable’: Airlines across Asia hike ticket prices amid surging fuel costs from Mideast conflict
TOKYO, March 11 — Airlines in the Asia-Pacific region, including Qantas, Air India and Cathay Pacific, have hiked fares — or will soon — to factor in surging jet fuel prices spurred by war in the Mideast. The average world
Read More
HLB Islamic unveils new brand identity, launches ‘Hayat’ wealth stewardship proposition
KUALA LUMPUR, March 11 — Hong Leong Islamic Bank has refreshed its consumer-facing brand identity as HLB Islamic, alongside a strengthened core proposition that encourages customers to manage wealth through a Shariah-guided lifecycle approach. The move marks a new chapter
Read More
Moody’s says high energy prices to lift Petronas upstream earnings, subsidies a risk
KUALA LUMPUR, March 11 — Credit rating agency Moody’s Ratings expects expect high energy prices will boost Petroliam Nasional Bhd’s (Petronas) upstream earnings. It said in a statement today that higher petroleum-related revenues provide additional mitigation amid volatility in global oil
Read More
Asian markets rise as oil stabilises on talk of IEA reserve release
HONG KONG, March 11 — Asian equities extended gains today while oil stabilised after a report said the International Energy Agency was considering the release of a record amount of its reserves to counter soaring prices. The crude market has
Read More
Bursa Malaysia opens slightly lower as Wall Street slips and crude oil pulls back
KUALA LUMPUR, March 11 — Bursa Malaysia opened marginally lower on Wednesday, tracking weaker performance on Wall Street, where all three major US indices ended well below their intraday highs after a volatile session. At 9.15 am, the FTSE Bursa Malaysia
Read More
Malaysian builder NexG Bina denies wrongdoing after police freeze 16 accounts, warns projects at risk
KUALA LUMPUR, March 11 — NexG Bina Bhd said 16 bank accounts of the company and its subsidiaries maintained with RHB Bank Bhd have been frozen since mid-November 2025 by the anti-money laundering unit (AMLA) of the Royal Malaysian Police
Read More
Ringgit strengthens against US dollar, boosted by Trump Iran comments and crude oil slide
KUALA LUMPUR, March 10 — The ringgit ended higher against the US dollar and other major currencies at Tuesday’s close following a sharp drop in crude oil prices amid comments from US President Donald Trump suggesting the war in Iran could
Read More
Bursa Malaysia rebounds as FBM KLCI reclaims 1,700 level on improved global sentiment, stronger IPI data
KUALA LUMPUR, March 10 (Bernama) — Bursa Malaysia rebounded to end higher today with the benchmark FBM KLCI reclaiming the 1,700 psychological level, supported by improved global sentiment after US President Donald Trump signalled a potential de-escalation of the Iran
Read More