Business

KUALA LUMPUR: Malaysian car maker Proton could return to profit this year after years of losses, driven by new product launches and aggressive cost-cutting under a joint management with China’s …

KUALA LUMPUR: Bursa Malaysia ended higher for the third straight day, underpinned by fresh hopes for progress after news that the US has agreed in principle to the terms of …

PETALING JAYA: Malaysia’s unemployment rate fell to 3.2% in October this year from 3.3% reported in the previous month, the lowest rate recorded since December 2015, according to chief statistician …

PETALING JAYA: The High Court has granted an interim stay of all further proceedings for Tenaga Nasional Bhd’s (TNB) notices of additional assessment amounting to close to RM4 billion it …

SHAH ALAM: Alternative financing is an absolutely necessary component of the financial systems according to Bank Negara Malaysia’s (BNM) assistant governor Adnan Zaylani (pix). He elaborated that the from the …

BANGALORE: Hong Kong’s role in global finance is intact, with little evidence to suggest recent protests and social unrest in the city have adversely impacted that role, global credit rating …

PETALING JAYA: 7-Eleven Malaysia Holdings Bhd said it does not intend to maintain the listing status of Caring Pharmacy Group Bhd on Bursa Malaysia if the offerors Convenience Shopping (Sabah) …

KUALA LUMPUR: The ringgit ended unchanged against the US dollar today, closing at 4.1630/1660 on lack of fresh leads, said an analyst. Axi Trader Asia-Pacific market strategist Stephen Innes said …

HONG KONG: Asian markets were mixed Wednesday as investors grow nervous at the lack of news on China-US trade talks, with Washington yet to cancel tariffs on a swathe of …

BENGALURU: Foreigners turned net sellers of Asian equities in November amid mixed signals on whether the United States and China were getting closer to reaching a preliminary trade agreement. Overseas …

KUALA LUMPUR: The ringgit closed lower against the US dollar today as the greenback strengthened following upbeat US payroll for November which indicates a stronger US economy. As at 6pm, …

KUALA LUMPUR: Malaysia’s total palm oil stocks eased 4.08 per cent to 2.26 million tonnes in November 2019 from 2.35 million tonnes recorded in the previous month. In a statement …

PETALING JAYA: Gas Malaysia Bhd yesterday announced a lower average natural gas selling price at RM33.65/MMBtu for the distribution segment. This represents a reduction 2.91% or RM1.01/MMBtu compared to the …

PETALING JAYA: IHH Healthcare Bhd (IHH) shareholders have given almost unanimous approval for the group’s proposed acquisition of Prince Court Medical Centre for RM1.02 billion, it said in a statement …

KUALA LUMPUR: Headline inflation is projected to average higher in the range of 1.5-2% in 2020 as the effects of policy-related factors dissipate, according to the World Bank’s Malaysia Economic …

WASHINGTON: With the strength of the world’s largest economy on display at year end, the US Federal Reserve is all but certain to leave interest rates untouched at its final …

BEIJING: China’s exports in November shrank for the fourth consecutive month, customs data showed on Sunday, confounding market expectations for a rise and underscoring persistent pressures on manufacturers from the …

TOKYO: Oil slipped in early Asian trade on Friday, with U.S. crude moving further away from a two-month high after OPEC agreed to increase output curbs in early 2020 but …

KUALA LUMPUR: Bank Negara Malaysia’s international reserves remained at US$103.2 billion (RM426.6 billion) as at Nov 29, 2019, unchanged from Oct 31, 2019. “The reserves position is sufficient to finance …

KUALA LUMPUR: Malaysian Palm Oil Board (MPOB) would assume the endearing role of keeping every party in the palm oil industry in sync by setting up among others, a palm …