Business
Back to homepage
Bursa Malaysia rises as sentiment improve
KUALA LUMPUR: Bursa Malaysia rose in the early trade today as investors lauded the positive news from the United States Federal Reserve’s November meeting, where officials agreed that a slower pace of interest rate hikes was likely to be appropriate soon. At 9.07 am, the
Read More
Edge boss gifted Justo US$2m for cleaning up country’s largest kleptocracy
KUALA LUMPUR: The chairman of The Edge Media Group today admitted at the High Court today that he gave 1Malaysia Development Berhad (1MDB) whistle-blower Xavier Andre Justo US$2 million as a gift for his contributions to cleaning up the country’s
Read More
Malaysia Boosts Halal Corridors Between Malaysia and Türkiye at OIC Halal Expo 2022
ISTANBUL: Malaysia is set to host 9th OIC Halal Expo 2022 in conjunction with the 8th World Halal Summit on 24-27 November 2022 at Istanbul, Türkiye. The expo is expected to put a strong presence by taking up a pavilion called ‘Malaysia Showcase’.
Read More
Malaysian currency, stocks down after inconclusive election
SINGAPORE: Malaysia’s share market and ringgit currency weakened in early trade on Monday, after a national election over the weekend resulted in the first hung parliament in the country’s history, to leave rival parties scrambling for coalition partners. The ringgit
Read More
Ringgit likely to further strengthen against US dollar next week
KUALA LUMPUR, Nov 19 — The ringgit is expected to strengthen further against the US dollar next week, depending on the 15th General Election (GE15) results which will be announced on Saturday. The local note’s performance is also expected to
Read More
Malaysia votes in general election, Anwar seen leading tight race
KUALA LUMPUR, Nov 19 (Reuters) – Malaysians were voting on Saturday in a general election that may fail to end the recent phase of political instability in the Southeast Asian nation as polls have predicted no clear winner. The alliance
Read More
A mammoth task to maintain economic momentum awaits post-GE15
KUALA LUMPUR: Malaysia’s new administration faces a mammoth task of strengthening recovery, maintaining economic momentum and stabilising the political environment amid external headwinds which include potential global recessionary in 2023 as predicted by market observers. SPI Asset Management managing partner
Read More
The first Africa Expo into Asian markets posts fruitful results
PUCHONG: The first edition of the African business expo into Asian markets in first-ever B2B tradeshow which concluded last week, was hailed as another fruitful event. With the tagline “Africa to Asia”, AE2022 features African business professionals from manufacturers, distributors, importers, and exporters of various
Read More
Maybank IB sees better prospects for MMHE over nect 24 months
KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) expects Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) “to deliver stronger order backlog, tender pipeline, cash and earnings over the next 24 months as it continues to show improved operational and
Read More
Ringgit opens marginally higher vs US dollar
KUALA LUMPUR: The ringgit opened marginally higher against the US dollar as the lower United States (US) consumer confidence data took a toll on the greenback. At 9 am, the local currency inched up to 4.7300/7340 against the greenback from Monday’s close
Read More