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Indonesia weighs tin export ban to boost downstream industry
JAKARTA, Feb 14 — Indonesia is studying a plan to halt tin exports as part of efforts to strengthen domestic economy. Energy and Mineral Resources Minister Bahlil Lahadalia said exports of raw materials must be replaced with downstream industrial products
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Pre-CNY profit-taking, US tech jitters drag Bursa Malaysia lower
KUALA LUMPUR, Feb 13 — Bursa Malaysia finished lower on Friday as investors continue locking in gains ahead of the Chinese New Year break next week, while concerns over global technology stocks continue to dampen investor sentiment and risk appetite.
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US pushes for ‘dramatic increase’ in Venezuela oil output amid thaw in ties
CARACAS, Feb 12 — Andrea Tosta and Patrick Fort US Energy Secretary Chris Wright vowed yesterday to power a “dramatic increase” in Venezuelan oil output as part of a plan to “make the Americas great again.” Wright met interim leader
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AirAsia X picks Bahrain as strategic hub for Middle East, Europe expansion
MANAMA, (Bahrain), Feb 11 — AirAsia X (AAX) has made Bahrain as its key strategic hub for medium-haul expansion beyond Asia, a move aimed at strengthening connectivity between Southeast Asia, the Middle East, and Europe. The long-haul low-cost airline said
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Struggling brewer Heineken to cut up to 6,000 jobs
AMSTERDAM, Feb 11 — Under-pressure Dutch brewer Heineken said today that it would scrap up to 6,000 jobs as it faces what it called “challenging market conditions” with beer volumes down compared to last year. The company said it would
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Ringgit strengthens to 3.92 against US dollar ahead of Malaysia’s GDP data
KUALA LUMPUR, Feb 10 — The ringgit revisited the 3.92 level to end higher against the US dollar on Tuesday, as investors took positions ahead of the release of Malaysia’s gross domestic product (GDP) data on Friday. At 6 pm,
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US and India unveil interim trade framework, move closer to broad pact
WASHINGTON, Feb 7 — The United States and India moved closer to a trade pact on Friday, releasing an interim framework that would lower tariffs, reshape energy ties and deepen economic cooperation as both countries seek to realign global supply
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Ringgit ends flat against US dollar
KUALA LUMPUR, Feb 6 — The ringgit traded flat against the US dollar at Friday’s close, pressured by profit-taking as traders locked in gains accumulated earlier. However, the decline was capped by weaker US economic data which continued to support
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Bursa KLCI claws back losses, ends at intraday high on heavyweight buying
KUALA LUMPUR, Feb 6 — Bursa Malaysia reversed earlier losses to end at its intraday high on Friday, due to late buying in selected heavyweights. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 1.81 points, or 0.11 per
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Toyota names finance chief Kenta Kon as new CEO, replacing Koji Sato from April
TOKYO, Feb 6 — Toyota said today that finance chief Kenta Kon would take over as chief executive from April 1, replacing Koji Sato after three years in charge. “This change in roles is intended to accelerate management decision-making in response
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