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Ringgit strengthens as US dollar dips on rising interest rate cut expectations
KUALA LUMPUR, Sept 9 — The ringgit opened stronger against the US dollar today, extending gains as the greenback weakened on rising expectations of US interest rate cuts. At 8am, the local currency stood at 4.2070/2275 versus the dollar, up
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Asian stocks climb as Japan PM Ishiba’s exit weakens yen
HONG KONG, Sept 8 — Asian markets rose on Monday, with Tokyo up nearly two per cent after Japanese Prime Minister Shigeru Ishiba’s decision to resign pushed down the value of the yen. Investors were also digesting weak US jobs
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SMEs must invest in talent to drive growth, stay competitive
PUTRAJAYA, Sept 8 — Deputy Prime Minister Datuk Seri Fadillah Yusof today reminded small and medium enterprises (SMEs) that while the government is committed to providing policies and incentives that support growth and human capital development, real transformation must begin
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Bursa climbs in catch-up trade, KLCI adds four points
KUALA LUMPUR, Sept 8 — Bursa Malaysia opened higher on Monday, catching up with regional markets that rallied last Friday. At 9.21am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 4.06 points to 1,582.21 from last Thursday’s close of
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Network connectivity disrupted after multiple fibre cuts in Red Sea, says Microsoft
WASHINGTON, Sept 7 — Microsoft announced on Saturday that some Azure users might experience higher latency because of multiple undersea fibre cuts in the Red Sea, the Emirates News Agency (WAM) reported. Azure users may experience increased disruptions when traffic
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Japan says US trade deal remains unsettled, awaits pharma and chip tariff orders
TOKYO, Sept 6 — Japan’s broad trade agreement with the United States is “not settled,” as Washington has not issued expected presidential orders on tariffs for pharmaceuticals and semiconductors, Tokyo’s top tariff negotiator said today. “While a presidential order has
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US raids Hyundai-LG battery site, detains 475 over unlawful employment
WASHINGTON, Sept 6 — South Koreans suspected of working in the United States illegally were the majority of 475 people arrested in a raid on a Hyundai-LG battery plant being built in the southern state of Georgia, a US official
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Kuching enters Malaysia Airlines’ side trip scheme, opening Sarawak to global travellers
KUCHING, Sept 5 — Sarawak’s tourism reach is set to expand globally with Kuching to be listed as the eighth destination under Malaysia Airlines’ Bonus Side Trip (BST) programme. Sarawak Tourism Board (STB) in a statement today said the announcement
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China escalates trade spat with EU, slaps anti-dumping duties on pork imports
BEIJING, Sept 5 — China said today it would impose temporary anti-dumping duties on European Union pork imports, delivering another blow to shaky ties between the economic powerhouses. Beijing and Brussels have navigated a challenging relationship in recent years, complicated
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Proton opens Malaysia’s first dedicated plant in Tanjung Malim, targets 45,000 units yearly
TANJUNG MALIM, Sept 4 — Prime Minister Datuk Seri Anwar Ibrahim today launched Malaysia’s first assembly plant dedicated exclusively to electric vehicles (EVs), marking a major milestone for Proton and the nation’s automotive industry. Located within the Automotive High Tech
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