News
Ringgit Weakening Amid Hawkish Interest Rate Scenario
4+ hour, 55+ min ago (625+ words) The ringgit traded slightly weaker against the US dollar this week as elevated US Treasury yields and firm crude oil prices continued to underpin demand for the greenback amid persistent geopolitical and inflation concerns. According to Kenanga Research, the local…...
Australia Jobless Rate Hits 4. 5%, Dimming Odds Of Further Rate Hikes
2+ day, 3+ hour ago (371+ words) Australia's unemployment rate climbed to 4. 5% in May, the highest level since November 2021, adding to signs the economy is losing momentum and prompting markets to scale back expectations for further interest-rate hikes. According to Bloomberg, official data released on May 21 showed…...
Malaysia's Labour Productivity Grows 4. 8% In Q1 2026 As Economy Expands
2+ day, 1+ hour ago (421+ words) Malaysia's labour productivity per hour worked grew 4. 8% in the first quarter of 2026, supported by the country's 5. 4% economic growth, according to the Department of Statistics Malaysia (DOSM). Value added in the economy stood at RM437. 7 billion during the quarter, while total hours…...
China Implements Rare Earth Export Control After Trump Visit
2+ day, 19+ hour ago (282+ words) China implements export controls on rare earths and other critical minerals in accordance with laws and regulations, and reviews license applications that are compliant and for civilian use, the Ministry of Commerce said on Wednesday. The remarks, in response to…...
Gardenia Says Moving Production From Singapore To Johor Goes Beyond "Cost-Cutting"
2+ day, 20+ hour ago (332+ words) Gardenia has announced that it will cease bakery production at its Pandan Loop manufacturing facility in Singapore by June 30, 2026, relocating its large-scale operations across the causeway to Johor Bahru. The transition will result in the retrenchment of 141 employees at the…...
Gold Prices Slip To US$4, 472 Amid Strong Dollar And Rising Treasury Yields
2+ day, 23+ hour ago (304+ words) Gold prices slid to their lowest level in 1" months on May 20, with spot bullion easing to US$4, 472. 09 per ounce, as a firmer US dollar and elevated Treasury yields outweighed geopolitical uncertainty and limited optimism over a potential US-Iran peace breakthrough....
Nikkei Dips And US Futures Fall Ahead Of Nvidia Earnings Test
5+ day, 3+ hour ago (458+ words) Asian equity markets fell on Monday as escalating tensions in the Gulf drove oil prices higher and triggered a broad risk-off move across stocks and bonds, with investors also bracing for a major earnings test from Nvidia later this week....
China's Current Account Surplus Hit US$184 Billion In Q1
1+ week, 4+ hour ago (269+ words) China's current account surplus was 184. 1 billion U. S. dollars in the first quarter (Q1) of the year, preliminary data of the balance of payments showed on Friday. Of the total, the surplus under trade in goods came in at 247. 4 billion U. S. dollars, and the…...
MBSB Offers Up To 3. 8% Return For SMEs Who Deposit
6+ day, 23+ hour ago (194+ words) MBSB Bank launches campaign for SMEs to see their funds bring better returns for them. Effective 16 May to 31 July 2026, MBSB Bank is offering SMEs three ways to put their business funds to work for them. Term Investment Account-i " indicative profit…...
Powell Named Fed Chair Pro Tempore Pending Warsh Swearing-In
1+ week, 47+ min ago (326+ words) The Federal Reserve (Fed) Board has named Jerome Powell as chair pro tempore following the expiry of his eight-year term as head of the US central bank, pending the swearing-in of incoming Fed chief Kevin Warsh. According to Reuters, the…...