Business
Back to homepage
Iran says oil trade stayed afloat through war and truce with US$18b in sales
TEHRAN, July 26 —Iran’s oil ministry on Saturday said it was able to sell a total of US$18 billion (RM73.62 billion) worth of oil during the war and the ensuing ceasefire with the United States. “The ministry sold US$11.5 billion
Read More
PM Anwar: Malaysia’s halal certification should be backed by industry capabilities
BUKIT MERTAJAM, July 25 —Malaysia has the potential to emerge as a global halal industry hub if its internationally recognised halal certification system is backed by robust industry capabilities and strategic international collaboration. Prime Minister Datuk Seri Anwar Ibrahim said
Read More
Indonesia bets on Bali’s ‘aura’ to build new international financial centre to rival Singapore and Hong Kong
BALI, July 25 — Indonesia is moving to turn its famed resort island of Bali into an international financial centre, with senior adviser Luhut Pandjaitan pitching it as a safe haven for global investors. Luhut, chairman of Indonesia’s National Economic
Read More
From Beethoven to storks, ECB reveals euro redesign, citizens urged to shape currency’s face
FRANKFURT, July 25 — The European Central Bank (ECB) has presented 10 design proposals for a planned new series of euro banknotes and is now asking citizens across Europe to have their say, with an online survey open until September
Read More
EU warns TikTok over child safety lapses, threatens fines under Digital Services Act enforcement
BRUSSELS, July 24 — The European Union on Friday accused TikTok of failing to protect children since their account settings expose them to risks like cyberbullying and predatory behaviour — putting the company at risk of a large fine. The EU
Read More
China opposes fresh US tariffs, warns of renewed trade war
BEIJING, July 24 — Beijing condemned fresh US tariffs imposed on China and 59 other countries over alleged forced labour concerns today, and warned Washington against waging a trade war. The US levies range from 10 to 12.5 per cent,
Read More
World Bank confirms plan to phase out China lending by 2031 as partnership shifts to knowledge sharing
WASHINGTON, July 24 — The World Bank on Thursday confirmed that it plans to phase out its lending to China by 2031, according to the organisation’s new country partnership framework (CPF) for the world’s second-largest economy. AFP first reported that
Read More
Bursa Malaysia slips at opening as oil climbs and Wall Street pullback hits sentiment
KUALA LUMPUR, July 24 — Bursa Malaysia opened lower today, with cautious sentiment expected to remain after yesterday’s regional rally left Asian markets exposed to Wall Street’s overnight pullback. At 9.16 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) retreated
Read More
Oil passes US$100 a barrel again: Why depleted reserves and conflict make this spike more dangerous
PARIS, July 24 — Brent crude went back over US$100 (RM409) a barrel yesterday for the first time since May, as the conflict in the Middle East intensified. This time however, the impact on the world economy could be greater
Read More
Australia calls new US tariffs unjustified and says they ‘should be removed’
SYDNEY, July 24 — Australia’s trade minister decried today new tariffs imposed by close ally the United States, saying it was wrong to target Canberra over forced labour concerns. “These tariffs are unjustified, inconsistent with our free trade agreement, and
Read More