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Penang ranks third nationwide with RM22.4b in 2025 manufacturing investments
GEORGE TOWN, March 10 — Penang recorded RM22.4 billion in approved manufacturing investments last year, a 29 per cent increase from 2024, said Chief Minister Chow Kon Yeow. He said the strong performance reflects sustained investor confidence in the state’s
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Europe’s biggest carmaker VW raises job cut target to 50,000 as cost crisis deepens
WOLFSBURG, March 10 — Europe’s largest carmaker Volkswagen said it would cut 50,000 jobs in Germany by 2030 as it struggles to slash costs amid fierce competition in China, stagnant demand in Europe and US tariffs. “In total, around 50,000
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Aramco warns of ‘catastrophic consequences’ for world oil markets as Iran vows to block all Gulf exports
DUBAI, March 10 — Saudi Arabia’s Aramco, the world’s top oil exporter, said on Tuesday that there would be “catastrophic consequences” for the world’s oil markets if the Iran war continues to disrupt shipping in the Strait of Hormuz. The
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Ringgit weakens against US dollar amid Iran war and surging crude
KUALA LUMPUR, March 9 — The ringgit eased against the US dollar and other major currencies on Monday as heightened geopolitical risks strengthened the greenback after Brent crude oil prices surged sharply, with the local currency continuing to be affected
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Energy exporter edge helps Malaysia weather Middle East turmoil, says Amir Hamzah
KUALA LUMPUR, March 9 — Malaysia is well-positioned to manage potential economic fallout from escalating conflict in the Middle East, backed by its status as a net energy exporter and strong economic fundamentals, Finance Minister II Datuk Seri Amir Hamzah
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Oil, food, metals and gold — Iran war hits major commodity markets simultaneously
SINGAPORE, March 9 — Oil prices surged around 25 per cent on Monday to their highest since mid-2022, with Brent on track for a record one-day gain, while gold fell 2 per cent as an escalating Iran war squeezed world
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US dollar strengthens as ringgit slips amid Gulf crisis and rising oil costs
KUALA LUMPUR, March 9 — The ringgit opened lower against the US dollar on Monday as heightened risk aversion strengthened the greenback after Brent crude oil prices surged 15.5 per cent to US$107.04 per barrel, an analyst said. At 8 am,
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Why fuel prices could stay high for months even if the Iran war ends tomorrow
RIYADH, March 8 — The US-Israeli war with Iran could leave consumers and businesses worldwide facing weeks or months of higher fuel prices even if the week-old conflict ends quickly, as suppliers grapple with damaged facilities, disrupted logistics, and elevated
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Pichai set to become one of world’s highest‑paid CEOs under new Google pay deal worth up to US$692m over three years
NEW YORK, March 7 — The CEO of Google and its parent company Alphabet could earn up to US$692 million (RM2.7 billion) over the next three years under a new compensation plan published yesterday by the US Securities and Exchange
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Cautious start for ringgit against US dollar amid elevated oil prices
KUALA LUMPUR, March 6 — The ringgit was nearly flat against the US dollar at Friday’s open as foreign exchange sentiment stayed cautious amid no signs of the Middle East crisis easing over the past week. At 8 am, the
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