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Mah Sing buys RM186m Ampang land for RM1.92b M Araya project
KUALA LUMPUR, Aug 26 — Mah Sing Group Bhd’s wholly owned subsidiary Capitol Avenue Development Sdn Bhd has entered into conditional sale and purchase agreements to acquire several parcels of land in Ampang for a total consideration of RM186.17 million.
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IJM Corp subsidiary bags nearly RM1b in semiconductor and medical tech contracts
KUALA LUMPUR, Aug 26 — IJM Corporation Bhd’s (IJM Corp) wholly owned subsidiary, IJM Construction Sdn Bhd, has secured two fast-track semiconductor and medical technology projects worth a combined RM909.5 million for its financial year 2027 (FY2027) contract wins. One
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Proton powers towards best year in 15 years with 200,000-car sales target
KUALA LUMPUR, Aug 26 — Proton Holdings Bhd expects its total vehicle sales to reach 200,000 units in 2026, which will mark its highest annual sales performance in 15 years, following a strong first-half (1H) performance. Deputy chief executive officer
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Saudi Arabia signs US7b deal with France for three Paris theme parks, one manga-themed
PARIS, Aug 25 — France and Saudi Arabia yesterday signed a memorandum of understanding for a six-billion-euro (US$7-billion) Saudi investment to create three theme parks near Paris, including one expected to be manga-themed, the office of the French president said.
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Ringgit slips as markets weigh US ‘economic D‑Day’ threat and Jackson Hole risks
KUALA LUMPUR, Aug 24 — The ringgit ended lower against the greenback today as the threat of an “economic D-Day” on Iran, policy risks ahead of the Jackson Hole symposium and continued instability in the US Treasury market spurred caution.
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Millions of Teslas recalled in China over door‑handle hazard and steering‑assist issues
BEIJING, Aug 24 — Tesla is recalling nearly three million cars in China with interior door handles that could hamper a person’s ability to exit their vehicle in an emergency, Beijing’s national market watchdog said. Eight Chinese carmakers also filed
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Shein sets September 1 Hong Kong debut at up to US$27b valuation
HONG KONG, Aug 24 — Shein will debut on the Hong Kong stock exchange on September 1, the fast-fashion retailer said today, in a long-awaited listing that would value the group at close to US$27 billion. The online retailer plans
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Alibaba doubles down on AI with HK$80b share sale plan
HONG KONG, Aug 23 — Chinese tech giant Alibaba said today that it plans to issue HK$80 billion (RM41.2 billion) in new shares in Hong Kong to fund its global artificial intelligence ambitions. The Hangzhou-based firm has been ploughing tens
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Tesla gears up to launch Cybercab ‘robotaxi’ with no steering wheel or pedals
NEW YORK, Aug 23 — Electric vehicle-maker Tesla is teasing the upcoming debut of its self-driving robotaxi, dubbed “Cybercab,” to compete with the likes of Uber and Waymo. The Elon Musk-founded company shared a promotional image on social media late
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Trump waives beef tariffs for 90 days to bring down US food prices
ISTANBUL, Aug 22 — US President Donald Trump on Friday announced a 90-day waiver of out-of-quota tariffs on ground beef imports, allowing up to 300,000 tonnes of foreign beef into the country, Anadolu Ajansi reported. “As we work to rebuild
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