News
Ringgit closes lower against greenback on BOJ interest rate increase
10+ hour, 42+ min ago (219+ words) KUALA LUMPUR: The ringgit closed lower against the US dollar on Tuesday as investors remained cautious following the Bank of Japan's (BOJ) decision to raise interest rates." At 6 pm, the local note fell to 4. 0665/0700 versus the greenback from 4. 0485/0525 at Monday's…...
Myanmar inflation hits 25% on US-Iran fuel shock: World Bank
8+ hour, 56+ min ago (438+ words) YANGON, Myanmar (AFP): Myanmar's inflation spiked to nearly 25 percent as shocks from the Middle East conflict compounded the effects of the country's civil war, the World Bank said Tuesday. The Bank also slashed its growth forecast for the financial year…...
Malaysia's semiconductor push gains traction with AT&S expansion in Kulim, says Anwar
15+ hour, 38+ min ago (334+ words) PETALING JAYA: Malaysia's semiconductor push gained further traction as Austrian circuit board manufacturer AT&S expands its Kulim, Kedah operations, says Datuk Seri Anwar Ibrahim. The Prime Minister said the expansion follows meetings and discussions held in early June and…...
Domestic tourism spending hit RM121. 3bil last year, says Stats Dept
12+ hour, 34+ min ago (352+ words) PUTRAJAYA: Malaysia's domestic tourism sector continued its upward trajectory last year with visitor expenditure rising 13. 6% to RM121. 3bil from RM106. 7bil in 2024, according to the Domestic Tourism Survey 2025 released by the Statistics Department. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the increase…...
Healthy growth forecast for MR DIY despite softer consumer spending
22+ hour, 19+ min ago (392+ words) PETALING JAYA: CIMB Research remains positive on MR DIY Group (M) Bhd, mainly due to the group's strong cost leadership, extensive store network and resilient sales momentum supporting earnings growth despite a more cautious spending environment. The research house is maintaining…...
Malaysia's trade, exports expected to remain on positive track, says Matrade CEO
1+ day, 17+ hour ago (308+ words) KUALA LUMPUR: Malaysia's trade and exports are expected to remain on a positive trajectory in May following robust growth in the first four months of the year, says Malaysia External Trade Development Corporation (Matrade) chief executive officer Abu Bakar Yusof....
Muted 1 Q26, weaker growth ahead
3+ day, 19+ hour ago (150+ words) The Star Muted 1 Q26, weaker growth ahead THE recently concluded first-quarter (1 Q26) reporting season for 2026 was undeniably weak, led by a surprisingly poor set of results from the banking sector as well as the consumer sector, except for a few that managed…...
Lotte Chemical Titan's Indonesian subsidiary accepts RM1. 2bil from Lotte Chemical Corp
4+ day, 5+ hour ago (157+ words) The Star PETALING JAYA: Lotte Chemical Titan Holding Bhd's (LCT) 51% owned subsidiary, PT Lotte Chemical Indonesia (LCI), has accepted a loan of KRW451. 74bil (about RM1. 2bil) from Lotte Chemical Corp (LCC). LCC owns 24% of cash strapped LCI. In a filing with Bursa Malaysia, LCT noted the…...
GWM Malaysia confident of sustaining double-digit growth momentum by end-2026
4+ day, 10+ hour ago (561+ words) KUALA LUMPUR: GWM Malaysia is targeting double-digit growth by the end of 2026, building on its strong performance last year, when sales surged 117 per cent to nearly5, 900 units from 2, 128units in 2024. GWM Malaysia chief operating officer Roslan Abdullah said the company remains optimistic…...
Economist: Fuel subsidy bill to dominate 2027 plans
4+ day, 17+ hour ago (395+ words) PETALING JAYA: Optimising its expenditure for 2027, especially to foot fuel subsidies, will be the priority for the government, says an economist. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the rise in global crude oil prices…...