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US grants fresh waiver on Russian oil sales to ease energy price surge
WASHINGTON, April 18 — US President Donald Trump’s administration yesterday issued a month-long sanctions waiver allowing the sale of Russian oil and petroleum products that are at sea, extending an earlier move to soften surging energy prices. The licence, issued
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Pineapple board says diversified demand cushions Malaysia’s exports from Middle East tensions
JASIN, April 18 — The country’s pineapple export industry has not been affected by the current West Asia crisis even though a significant portion of the export market is in the Middle East. Malaysian Pineapple Industry Board (LPNM) director-general Mohd
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Global aid plunges 23pc to record low in 2025 as US cuts under Trump drive sharp decline
TOKYO, April 18 — Global official development assistance fell 23.1 per cent in 2025 from a year ago, the OECD said, marking its largest annual contraction on record as the United States (US) administration of President Donald Trump pushes for
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Ringgit likely to stay range-bound next week amid US dollar and geopolitical risks
KUALA LUMPUR, April 18 — The ringgit is likely to trade within a narrow range against the US dollar next week as external drivers remain dominant. IPPFA Sdn Bhd investment strategy director and country economist Mohd Sedek Jantan said while
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Bursa Malaysia ends week higher as upbeat GDP outlook lifts sentiment
KUALA LUMPUR, April 17 — Bursa Malaysia closed the week higher, extending its upward momentum, buoyed by positive sentiment following the release of Malaysia’s advance gross domestic product (GDP) estimates, reinforcing the narrative of resilient domestic demand. Earlier today, the
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China fines e-commerce giants RM2b over ‘ghost’ food deliveries
BEIJING, April 17 — China has issued fines totalling 3.6 billion yuan (RM2.08 billion) to seven major e-commerce platforms for food safety violations, the State Administration for Market Regulation (SAMR) said on Friday. The regulator said platforms, including Alibaba-owned Taobao,
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Low inflation helps Malaysia weather energy supply shock, says BNM governor
KUALA LUMPUR, April 17 — Malaysia’s relatively low inflation environment is expected to help the country weather the current energy supply shock, even as global oil prices are projected to remain higher for longer amid the ongoing war in West
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Netflix shares tumble as Reed Hastings prepares to step down as chairman
SAN FRANCISCO, April 17 — Netflix shares plummeted more than eight per cent yesterday as the TV streaming titan reported quarterly revenue of US$12.25 billion, a result that slightly topped expectations. An earnings letter to investors came with word that
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IMF flags ‘very severe’ global economic risks from Iran conflict, warns of rising costs
WASHINGTON, April 17 — IMF economists warned yesterday that the war in Iran could have “very, certainly severe” consequences far outside the region – especially for energy-importing countries. Countries in East Asia and Sub-Saharan Africa are among the countries most
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Kering CEO aims to double profit margins and revive Gucci in sweeping overhaul
FLORENCE, April 16 — Kering CEO Luca de Meo pledged to more than double the luxury group’s operating profit margin and boost the appeal of its flagship brand Gucci as he sought to reassure investors unnerved by economic uncertainty and
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