More support needed to help MSMEs implement new minimum wage, says group
The Malaysian Industrial Commercial Service Employers Association proposes a temporary tax rebate or wage offset in the first year…
Malaysia News
Ringgit ends higher against US dollar on Budget 2027 fiscal discipline
At 6pm, the ringgit climbed to 4.0830/4.0875 against the greenback from Thursday’s close of 4.0890/4.0940.
EU removes Panama from tax haven blacklist
Panama was removed from the list after introducing international tax governance reforms following the Panama Papers revelations ab…
Bursa ends higher as Budget 2027 boosts sentiment
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 7.44 points, or 0.47% , to 1,608.45 from Thursday’s close of 1,601.01.
OpenAI says it fired three researchers for violating sensitive information policy
OpenAI said an investigation uncovered a 'significant breach of trust' and denied that the dismissals were linked to employees spe…
Govt sees economy growing up to 5.3% this year, but slowing in 2027
Strong domestic demand, private investment and robust E&E exports are expected to sustain expansion despite global uncertainties.
Netflix, streaming rivals dominate US$6bil Asia sports arena
Streaming apps race to ink deals with top leagues, forcing viewers to pay for multiple subscriptions instead of relying on cable T…
Xiaomi shares jump 9% as strong EV orders boost sentiment
The Chinese EV maker reported strong demand for its SkyNomad model, with over 70,000 orders in the first month of launch.
Tech stocks struggle on AI spending worries, elevated yields
MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.16% as investors fretted about elevated energy prices and bond m…
Euro skids toward fifth weekly fall but selling pressure slows
Signs emerged that the selling streak was easing as France's debt market stabilised and a decline in US yields eased the dollar's …
Bursa opens higher ahead of Budget 2027 announcement
The main index rises to 1,602.15 as investors monitor measures to support strategic industries and household spending.
Meta bans TikTok ads on its platforms in US
The move marks an escalation in the rivalry with ByteDance, whose video-sharing app competes for users, creators and advertising d…
Ringgit opens marginally higher as Budget 2027 fiscal outlook in focus
The local note edges higher to 4.0880/4.0945, with markets remaining cautious ahead of the tabling.
Fired researchers accuse OpenAI of ‘chilling’ safety efforts
The security researchers said their terminations, executed and communicated abruptly, undermined the open culture OpenAI had once …
Anthropic bans ‘cruel’ behaviour against its Claude AI
The San Francisco-based AI lab updated its usage policy amid a growing philosophical debate over whether artificial intelligence c…
WTO hikes 2026 trade growth forecast on AI boom
The World Trade Organization now projects 3.9% growth in the volume of merchandise trade this year, up from 1.9% predicted in Marc…
Eurozone chief expresses ‘confidence’ in France amid debt woes
Mounting concerns about public spending in France have in recent weeks pushed government borrowing rates to levels unseen since th…
S&P 500, Nasdaq end lower as chip stocks weigh
Among the 11 major sectors in the S&P 500, energy stocks led the percentage gainers, while technology suffered the steepest loss.
China’s draft rules offer millions of gig workers employment contracts
Proposed measures require online platforms to sign standardised employment agreements with workers.
Dollar rises towards 18-month high as euro slides
US Federal Reserve minutes signalled that policymakers viewed inflation as the biggest risk to their outlook, while higher oil pri…
CNN, MS NOW, Politico call on judge to block White House ban
The outlets say the White House's pass revocation was unlawful retaliation for their coverage and accuse the administration of cit…
OPR hikes will dampen consumer sentiment, share prices
An interest rate hike in 2027 will be a headwind for consumer spending and stocks, says Kenanga Investment Bank.
Wall Street futures slide as rising oil, yields dampen mood
Traders widely expect the Federal Reserve to hold rates steady at its October meeting, but a December hike remains on the cards.
Ringgit eases vs US dollar, ends higher against Asean currencies
Elevated Brent crude prices and concerns over fiscal sustainability in Europe have strengthened the US dollar as traders sought sa…
SpaceX in talks to raise US$40bil for Nvidia chips
A Financial Times report says SpaceX is seeking US$30 billion through new debt and US$10 billion in bank loans.
Ryanair chief says no Europe jet fuel shortages likely before summer 2027
Ryanair CEO Michael O’Leary said attacks on refineries in Russia and the Middle East, coupled with tanker shortages and limited re…
Bursa ends lower amid higher oil prices, geopolitical risks
The local bourse remained under selling pressure ahead of tomorrow’s Budget 2027 announcement, says analyst.
China pushes for equal dialogue in resolving trade differences with EU
The meeting follows three months of talks over the EU’s daily goods trade deficit with China of more than €1 billion (US$1.12 bill…
Australian rare earths project begins construction
The Arafura Rare Earths Nolans Project, located about 135km north of Alice Springs, is expected to supply 4% to 5% of global rare …
Japan’s Fast Retailing lifted by strong sales in US, Europe
The parent company of Uniqlo logged a record full-year net profit of US$3.43 billion, a 25% rise year-on-year.
Shipping group Maersk raises emergency fuel surcharge due to Middle East conflict
Maersk said in a statement it was increasing its EFS to 20% as of Oct 12, and that it would continue to review the surcharge regul…
BYD’s executive says geopolitics biggest challenge to expansion
BYD executive vice-president Stella Li says the automaker has decided not to sell passenger cars in the US for now, calling the ma…
Deloitte fined £6.05mil in UK over Go-Ahead Group’s audits
The Financial Reporting Council says Deloitte failed to challenge Go-Ahead Group’s wrongful retention of over £30 million in publi…
Japanese investors sell foreign bonds for third straight week
Rising Japanese rates are beginning to lure some of the country's vast overseas investments home, marking a notable shift in globa…
Hormuz transits at lowest in over two months after attacks
Seven commodity vessels passed through the strait on Tuesday, for the lowest figure since July 23, data from analytics firm Kpler …
Musk attacks Indian ‘oligarchs’ for locking out Starlink
SpaceX has been awaiting approval to offer Starlink in India, where billionaires Mukesh Ambani and Sunil Bharti Mittal hold strong…
Chipmaker SQAI said to plan RM300mil IPO in early 2027
The draft prospectus shows the Penang-based firm aims to use the proceeds for facility expansion, research and development and oth…
Bursa retreats after opening higher, tracks weaker Wall Street
The main index drops 10.55 points to 1,601.23 as sentiment was weighed down by surging US Treasury yields.
US$1.2bil IMF bailout for Pakistan clears key hurdle
IMF negotiator Iva Petrova said Pakistan had successfully managed the economic fallout from the Middle East conflict, with sound p…
Dollar edges back from 18-month high after FOMC minutes
Hawkish minutes from US central bank policymakers signalled they viewed inflation as the biggest risk to the outlook.
Thai household debt trap tests growth ambitions as Bangkok hosts IMF
Average household debt in Thailand has reached nearly 800,000 baht, with household debt at 85% of GDP and only five million of 27 …
Asian shares subdued, bonds swamped by AI debt wave
Sovereign bond market strains worsened as major tech firms reportedly sought billions in debt in direct competition for limited fu…
Ringgit opens slightly higher as markets eye Budget 2027
The local note rises to 4.0845/4.0895 as investors await clues on the direction of the country’s fiscal deficit.
Samsung reaches new profit record with memory chip windfall
AI spending boosted operating profit to about US$80.1 billion in the three months through September, more than eight times a year …
EU needs new revenue as debt piles pressure on budget
The economy faces mounting pressure from hundreds of billions of euros borrowed to support households and businesses during the Co…
Microsoft pushes AI vision with new, expensive Surface laptop
The launch is part of a broader tech push for hardware that handles more AI computing on-device, reducing reliance on cloud data c…
Trump to give Musk top US science medal
Google co-founder Sergei Brin, Nvidia CEO Jensen Huang and AMD chief Lisa Su will also receive the National Medal of Science at th…
Wall Street ends lower after record highs as Treasury yields climb
All three major US stock indexes were modestly lower, with the S&P 500 and the Dow snapping four-day winning streaks.
Thailand at ‘last paragraph’ of US trade agreement, says PM
Anutin Charnvirakul said he expected to sign the deal during US President Donald Trump's next visit to Asia.
Ringgit ends higher against major currencies, lower vs US dollar
Concerns over Europe’s fiscal trajectory have strengthened the US dollar, while the ringgit has remained in a tight range, says an…
Bursa ends lower as rising US yields, oil prices weigh
At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 21.57 points to 1,611.78 from Tuesday’s close of 1,633.35.
German factory production at highest level for 18 months
Factory output rose by 2% month-on-month on the back of strong growth in the construction sector, after a 1.2% fall in July.
Iraq devalues dinar to 1,520 per US dollar, says state news agency
The devaluation followed disruptions to oil sales, Iraq’s main source of revenue, caused by the US-Israeli war on Iran.
Micron workers at Taiwan plant vote in favour of strike
The workers decided to strike after talks with the US memory chip giant over bonus reforms collapsed.
France does not need ECB help at present, says Bank of France head
Bank of France head Emmanuel Moulin said France could tackle its problems by voting through a budget that targeted cutting the cou…
Shell sees refining margins hitting record high in third quarter
Major oil companies are expected to reap a multibillion-dollar windfall from the Middle East conflict as higher energy prices boos…
South Korea launches ‘K-brand’ scheme to fight counterfeits
The K-Brand Government Certification System lets consumers check product authenticity by scanning a QR code with their mobile phon…
Brussels looks to capture Big Tech through tax on large corporations
The European Commission is exploring a broad levy on large companies to raise EU revenues while avoiding a backlash from the Trump…
India’s central bank hikes rates for first time in more than 3 years
The benchmark repurchase rate moved up 25 basis points to 5.50% as the Middle East conflict fuels inflation and batters a weakened…
Jaguar unveils £130,000 electric car in British brand’s reboot
Jaguar’s first new model in eight years will target younger customers as the marque shifts to an all-electric luxury lineup.
Japan raids beer giants over alleged price cartel
Asahi Breweries, Kirin Brewery, Sapporo Breweries and Suntory are suspected of colluding to raise wholesale beer prices in violati…
Singapore sees region thriving amid ‘breakdown’ of world order
Foreign affairs minister Vivian Balakrishnan touts 'a moment of great potential' for Southeast Asia as technology demand drives ec…
Why have India-US trade talks stalled again and what’s next?
Trade talks have reached a 'plateau' with little room for manoeuvre, India's finance minister Nirmala Sitharaman said, after US tr…
Vietnam’s banks tap investors for US$7bil as economy grows rapidly
Vietnamese policymakers see greater foreign participation as necessary to meet growing credit demand amid a domestic funding squee…
Asian shares weaker, oil up as investors weigh Saudi-Houthi escalation
Commodity investors are also monitoring supply constraints from a storm heading towards North American oil-producing regions.
New Maryland defence shipyard gets US$6.6bil commitment
At a ceremony attended by US president Donald Trump, Anduril unveiled plans for a US$3.7 billion shipyard in Maryland that is expe…
Bursa retreats after opening higher on selling pressure
The main index drops 3.68 points to 1,629.67, weighed down by selling in selected heavyweight counters.
Dollar holds losses as markets await Fed minutes, speakers
Focus turns to the release of Federal Reserve minutes and speeches by its policymakers for signals on a potential rate hike.
Samsung’s Q3 profit seen jumping nine-fold
Samsung is expected to post an operating profit of US$79.1 billion for the July-September quarter.
Ringgit opens marginally lower amid mixed global cues
The local note eases to 4.0840/4.0885, with Brent crude prices hovering around US$100 a barrel providing some support.
SpaceX seeks US$40bil to buy Nvidia chips
The Elon Musk-led company plans to raise about US$10 billion in bank loans and US$30 billion in investment-grade debt to fund its …
Disney’s lawyer says US seeks to censor, control ABC broadcasts
Walt Disney's lawyer called on a US judge to block the Federal Communications Commission's early review of licences for its eight …
Australia probes app used in cheap smart glasses over privacy fears
Privacy watchdog questions how China-based Shenzhen Qingcheng collects and stores Australians' personal data.
S&P 500, Nasdaq reach record closing highs as focus pivots to earnings
Third-quarter earnings season kicks off next week, with a number of high-profile financial firms expected to report next Tuesday.
Paramount completes Warner Bros takeover, creating Skydance
David Ellison will lead the combined media giant spanning film, television and news as it targets US$6 billion in cost savings.