Business
Back to homepage
PSD taps TNG eWallet to provide pension lifeline for retirees facing banking access issues
KUALA LUMPUR, July 30 — TNG Digital Sdn Bhd today underscored its support for the Public Service Department’s (PSD) alternative pension payment initiative through Touch ‘n Go (TNG) eWallet, saying the platform is already used by more than 3.4 million
Read More
Microsoft’s AI machine kicks into gear with US$35.8b profit
SAN FRANCISCO, July 30 — Microsoft beat analysts’ expectations in its latest quarterly report, saying yesterday that the results were partly driven by its cloud and artificial intelligence divisions. The tech giant reported US$90 billion (RM368 billion) in revenue and
Read More
DoSM: Malaysia trade climbs 6.3pc to RM3.1t with exports to US helping drive bumper 2025 performance
KUALA LUMPUR, July 30 — Malaysia recorded strong trade performance in 2025, with total trade up by 6.3 per cent, or RM182.4 billion, to RM3.1 trillion year-on-year (y-o-y) in line with the rise in both exports (6.6 per cent) and
Read More
Meta profits tumble 14pc, hammered by soaring AI costs, legal bills and layoffs
SAN FRANCISCO, July 30 — Facebook-parent Meta reported profits yesterday that fell short of Wall Street expectations, as the cost of staying in the race to deploy artificial intelligence — along with hefty legal and severance charges — hurt its
Read More
BMW aims to cut 8,000 jobs in Germany as cost pressures mount, says source
FRANKFURT, July 29 — Premium carmaker BMW is to offer almost half its German staff voluntary redundancy in a bid to cut 8,000 jobs by the end of 2027, a company source told AFP today. About 40,000 of BMW’s roughly
Read More
Oil prices jump more than 3pc after fresh Iran strikes
TOKYO, July 29 — Oil prices jumped more than three per cent in early Asian trade today after the US military said it had intercepted multiple missiles launched by Iran. At around 0015 GMT (8.15am Malaysia time), US benchmark West
Read More
Ringgit opens higher on upbeat BNM outlook, Fed policy expectations
KUALA LUMPUR, July 29 — The ringgit opened higher against the US dollar today, as market sentiment was boosted by Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour’s positive remarks yesterday and expectations of a shift in the
Read More
Riding the AI supercycle: Penang’s Mi Equipment pours millions into expansion
GEORGE TOWN, July 28 — Mi Equipment, a homegrown semiconductor powerhouse based in Bayan Lepas, is pouring millions into an ambitious expansion to capture the global “AI supercycle.” The investment will bolster the firm’s research and development (R&D) in advanced
Read More
Kospi collapses 10pc as chip slump sparks region‑wide sell‑off across Seoul and Tokyo
HONG KONG, July 28 — South Korea’s Kospi collapsed 10 per cent as tech took a battering on another black day for Asian stock markets, with a report of a breakthrough in China’s chip industry compounding worries about the longevity
Read More
AMD down 8pc, Nvidia nearly 5pc as China chip breakthrough report sparks US tech sell‑off
NEW YORK, July 28 — Several major US semiconductor stocks fell on Wall Street yesterday, following a report of a technological breakthrough that could accelerate the growth of China’s computer chip industry. According to the website The Information, Chinese company Shanghai
Read More