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Samsung union says South Korea strike on hold ‘until further notice’
SEOUL, May 21 — Samsung Electronics workers’ union said late yesterday that a planned strike had been put on hold until further notice after negotiations with management resumed with the participation of Seoul’s labour minister. The company’s management and workers’
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Bursa opens higher as traders breathe easier over Middle East tensions
KUALA LUMPUR, May 21 — Bursa Malaysia opened higher on Thursday, tracking overnight gains on Wall Street amid optimism after the United States signalled that the conflict with Iran could end soon. At 9.10am, the FTSE Bursa Malaysia KLCI (FBM
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Zuckerberg says Meta is building the future — after laying off 8,000 workers
NEW YORK, May 21 — Meta began laying off roughly 8,000 employees yesterday — about 10 percent of its global workforce — as co-founder and Chief Executive Mark Zuckerberg pushes to redirect resources toward an ambitious artificial intelligence agenda. According
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Talks fail, Samsung union to launch major strike by 50,500 workers
SEOUL, May 20 — A planned strike at South Korean chip giant Samsung Electronics will go ahead from tomorrow, its union said, after talks on bonus payouts collapsed, raising concerns over a disruption to the country’s key semiconductor industry. The walkout,
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Capital A exits PN17 status after six-year restructuring, eyes new growth phase
KUALA LUMPUR, May 20 — Capital A Bhd has received approval from Bursa Malaysia Securities Bhd for the removal of its Practice Note 17 (PN17) status, effective May 20, 2026. In a statement, the multi-platform digital, travel, and lifestyle services
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Taiwan’s Ally Logistic Property to invest RM500m in Malaysia’s first multi-storey smart cold chain facility
KUALA LUMPUR, May 19 — Taiwan-based Ally Logistic Property (ALP) announced a RM500 million investment to develop what it says will be Malaysia’s first developer-built multi-storey automated cold chain facility in Shah Alam, Selangor. Known as OMEGA 2 Shah Alam, the nine-acre
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Best growth of 2026 could already be behind Malaysia, BMI predicts
KUALA LUMPUR, May 19 — Malaysia’s economic growth likely peaked in the first quarter of 2026 and is expected to slow down for the rest of the year, as geopolitical tensions and weakening global demand cast a shadow over the
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Hormuz traffic rebounds to wartime average after record low; Iran formalises crossing toll
LONDON, May 19 — Traffic through the Strait of Hormuz was slightly higher last week, returning to levels in line with the average recorded since the start of the Middle East conflict after hitting a wartime low. A total of
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Ringgit closes lower amid cautious sentiment over China data, FOMC minutes
KUALA LUMPUR, May 18 — The ringgit closed lower against the US dollar on Monday, as cautious sentiment prevailed in the foreign exchange market. This came on the back of China’s weaker economic data and amid jitters ahead the Federal
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Pos Malaysia narrows 1Q net loss to RM19.54m as revenue rises 7.3pc
KUALA LUMPUR, May 18 — Pos Malaysia Bhd narrowed its net loss to RM19.54 million in the first quarter ended March 31, 2026 (1Q 2026), compared with a net loss of RM41.52 million in the same period last year. In
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