Business

BENGALURU: Facebook Inc on Wednesday pledged to invest at least US$1 billion (RM4.04 billion) in the news industry over the next three years, days after a high-profile stand-off with the …

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd’s net profit was lower to RM457.2 million in the financial year ended Dec 31, 2020 from RM473.97 million in the previous year. Its …

SINGAPORE/MIAMI: Bond markets steadied, the U.S. dollar fell and stocks edged ahead on Wednesday after central banks from Washington to Wellington vowed to keep monetary policy loose for a long …

SHANGHAI: Shanghai Dalu Futures, a brokerage on the Shanghai Futures Exchange, has amassed a US$1 billion (RM4.04 billion) long position in copper contracts within just four days, bourse data showed. …

KUALA LUMPUR: Petron Malaysia Refining and Marketing Bhd’s (PMRMB) net profit rose to RM42.01 million in the fourth quarter ended Dec 31, 2020 (Q4 2020), from RM28.96 million posted in …

NEW YORK: Goodyear Tire & Rubber Co said it would buy Cooper Tire & Rubber Co in a US$2.8 billion (RM11.32 billion) deal to beef up its portfolio in the …

WASHINGTON: Strong sales of iPhone 12 models lifted Apple to the top of the global smartphone market in the fourth quarter, a survey showed on Monday. The report by market …

HANOI: The State Bank of Vietnam (SBV) said it has cut the frequency of its foreign exchange interventions to allow the Vietnamese dong to move in accordance with the market. …

PETALING JAYA: Foreign investor was net seller again last week with outflow to the tune of RM466.42 million, according to MIDF Research. As market reopened on Monday last week, foreign …

ZURICH: Germany, which is known for strict budgets, has tapped debt markets to prop up its virus-hit economy, while neighbouring Switzerland has consistently curbed borrowing despite calls to change course. …

KUALA LUMPUR: Long-haul budget airline AirAsia X Bhd (AAX) has proposed a separate restructuring programme for its aircraft lessors that aims to tackle their concerns, citing chance to recover rental …

PETALING JAYA: Genetec Technology Bhd has secured new orders worth RM56 million from new and existing customers. The new orders were secured for the month of December 2020 and up …

EARLIER today, Prime Minister Tan Sri Muhyiddin Yasin unveiled the MyDigital initiative which will complement the 12th Malaysia Plan and the Shared Prosperity Vision 2030. Under the plan, Malaysia’s digital …

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will be offering 13 offshore exploration blocks in Malaysia at the upcoming Malaysia Bid Round (MBR) 2021 launch on Feb 26, 2021. Also included …

JOHOR BAHRU: The exemption for the Extension of Time (EOT) as stipulated in the COVID-19 Act (Act 829) involving the Housing Development (Control and Licensing) Act 1966 is only applicable …

PETALING JAYA: SMTrack Bhd has entered into an aircraft purchase agreement with management consultancy Cakerawala Solution International Sdn Bhd to purchase one unit used Boeing 737-400F series together with all …

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) 70%-owned subsidiary Southern Power Generation Sdn Bhd has come on stream, ready to supply 1,440 megawatt (MW) electricity power into the national grid from …

PETALING JAYA: Mah Sing Group Bhd has unveiled a new development project on a 100-acre land in Bandar Baru Salak Tinggi, primarily comprising of affordable homes with an estimated gross …

NEW YORK: Oil prices steadied on Thursday, with Brent edging back from a 13-month high, after a sharp drop in US crude inventories supported prices, while buying spurred by a …

PETALING JAYA: Sime Darby Plantation Bhd posted a net profit of RM149 million in the fourth quarter ended Dec 31, 2020 compared with a net loss of RM58 million a …