Category: Business

SYDNEY: Asia shares eased on Tuesday while the euro nursed its losses as investors pondered the downside of the U.S.-EU trade deal and the reality that punishing tariffs were here to stay, with unwelcome implications for growth and inflation. The initial relief over Europe’s 15% levy quickly soured when set against the 1% to 2%… Continue reading Asia shares dip as tariffs weigh on EU and US growth

GOLD prices were little changed on Tuesday, hovering near a three-week low, as easing fears of a global tariff war and a stronger dollar dampened bullion’s safe-haven appeal. Spot gold held its ground at $3,318.79 per ounce, as of 0210 GMT. Bullion hit its lowest level since July 9 in the previous session. U.S. gold… Continue reading Gold prices steady near 3-week low as trade tensions ease

BEIJING: Nvidia has placed orders for 300,000 H20 chips with Taiwan Semiconductor Manufacturing Co (TSMC) following strong demand from China, two sources familiar with the matter said. One source noted that the surge in demand led Nvidia to reconsider relying solely on existing stockpiles. The orders come after the Trump administration recently allowed Nvidia to… Continue reading Nvidia orders 300k H20 chips from TSMC amid strong China demand

LONDON: Copper prices declined slightly on Tuesday as market participants remained cautious amid ongoing trade negotiations between the US and China, along with discussions on US-imposed copper tariffs. Three-month copper on the London Metal Exchange dropped 0.17% to $9,776.5 per metric ton, while Shanghai Futures Exchange copper contracts dipped 0.08% to 78,920 yuan ($10,994.25) per… Continue reading Copper prices dip amid US-China tariff negotiations

KUALA LUMPUR: Bursa Malaysia opened slightly higher on Tuesday, supported by mild bargain hunting as the Thailand-Cambodia truce helped ease regional political concerns. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.29 points, or 0.08 per cent, to 1,530.67 from Monday’s close of 1,529.38. The benchmark index had opened 0.20 of a… Continue reading Bursa Malaysia opens higher amid regional stability, selective buying

SINGAPORE: Oil prices climbed on Tuesday as market sentiment improved following a US-EU trade agreement and discussions to extend the US-China tariff truce. Brent crude futures rose 24 cents, or 0.34%, to $70.28 a barrel, while US West Texas Intermediate crude increased 22 cents, or 0.33%, to $66.93. Both benchmarks had surged over 2% in… Continue reading Oil prices rise on EU trade deal and US-China tariff truce talks

KUALA LUMPUR: The ringgit opened higher on Tuesday against the US dollar and other major and regional currencies, supported by easing global trade tensions that lifted investor sentiment, an analyst said. At 8.01 am, the local note rose to 4.2140/2460 against the greenback from Monday’s close of 4.2275/2345. However, Bank Muamalat Malaysia Bhd chief economist… Continue reading Ringgit gains as trade tensions ease, US-China talks in focus

KUALA LUMPUR: The Malaysia-Nepal Business Council (MNBC) and the Federation of Nepal Cottage and Small Industries, Lalitpur Metropolitan City (FNCSI-LMC), signed a memorandum of understanding (MoU) in Kathmandu early this month, aimed at strengthening bilateral trade ties and revitalising small enterprise ecosystems. Setting the stage for a robust and forward-looking partnership, this collaboration underscores the… Continue reading Malaysia and Nepal forge new economic synergies

PETALING JAYA: Proton Holdings Bhd has established Proton International Corporation Sdn Bhd (PICSB), a wholly owned subsidiary formed to spearhead its overseas expansion efforts, with the objective to provide more flexibility when dealing with international markets. The CEO of the new company is Edmund Lim Meng Thong, who was formerly the director of Proton’s International… Continue reading Proton sets up international arm to accelerate overseas sales

KUALA LUMPUR: Bank Negara Malaysia (BNM) has revised Malaysia’s 2025 gross domestic product (GDP) growth projection to between 4.0% and 4.8% from 4.5%-5.5% previously. The projection takes into account various tariff scenarios, ranging from continued elevation of tariffs to more favourable trade negotiation outcomes. In a statement today, the central bank said the forecast remains… Continue reading Bank Negara revises Malaysia’s 2025 GDP growth forecast to 4.0%-4.8%

PETALING JAYA: Heineken Malaysia Bhd has once again raised the bar for corporate sustainability, taking home six accolades at The Star ESG Positive Impact Awards 2024 and the Sustainability & CSR Malaysia Awards 2025. In a statement today, the company said these awards reinforce the strength of its partnerships in driving meaningful environmental and social… Continue reading Heineken Malaysia picks up six awards for delivering positive impact in ESG, CSR

PUCHONG: Enterprise IT services provider, TechStore Bhd, via its wholly-owned subsidiary, Tech-Store Malaysia Sdn Bhd, has accepted a letter of award (LoA) from the Royal Malaysian Customs Department for the provision of leasing and training services for four units of baggage scanner machines and two units of body scanner machines with accessories for RM7.7 million.… Continue reading Techstore secures RM7.7m contract from Royal Malaysian Customs for RTS Link project

PETALING JAYA: Malaysia’s RM725 billion annual e-payment transactions could get a RM3.6 billion boost from real estate as IQI embeds a one-tap bank-grade “checkout” button that will make every transaction fraud-resistant. “Malaysian home buyers and renters finally have a bank-grade ‘checkout’ button for their purchase and rental booking fees and deposits,” said Juwai IQI co-founder… Continue reading Juwai IQI launches bank-grade ‘checkout’ feature to protect property buyers, renters from fraud

KUALA LUMPUR: Eco-Shop Marketing Berhad, a player in Malaysia’s dollar store retail sector, has released its fourth quarter financial results for the three months ended 31 May 2025 (4Q FY2025) today. On a full-year basis for the twelve months ended May 31, 2025 (FY2025), the Group achieved new record highs for both revenue and profit… Continue reading Eco-Shop reports 17% surge in core net profit for FY2025

PUCHONG: Enterprise IT services provider, TechStore Berhad, via its wholly-owned subsidiary, Tech-Store Malaysia Sdn Bhd, has today accepted a Letter of Award (LoA) from Royal Malaysian Customs Department for the provision of leasing and training services for 4 units of baggage scanner machines and 2 units of body scanner machines with accessories (Works) for a… Continue reading Techstore expands role in RTS Link with new award from Customs Department

PETALING JAYA: Malaysia’s total trade for June 2025 amounted to RM234.9 billion with exports and imports recording RM121.7 billion and RM113.1 billion, respectively, the Department of Statistics Malaysia reported today. Chief Statistician Malaysia Datuk Seri Dr Mohd Uzir Mahidin said exports in June decreased RM4.4 billion (-3.5%) compared to the same month of the previous… Continue reading Penang remains top exporting state in June, Selangor leading importer

PENANG: Main Market-listed insulation producer in Southeast Asia, PGF Capital Berhad, began the new financial year with a revenue of RM40.6 million in its first quarter (1QFY26) results for the financial year ended Feb 28, 2026 (FY26) compared to RM40.5 million in 1QFY25. While revenue improved moderately, profit after tax rose 11.9% year-on-year (YoY) to… Continue reading PGF Capital kicks off new financial year with 11.9% y-o-y growth in net profit to RM7.5m for 1QFY26

KUALA LUMPUR: The Ministry of Investment, Trade and Industry (Miti) is considering incentives for investors that maximise the use of local ports, particularly in Penang and Kuala Perlis. Deputy Minister Liew Chin Tong said the initiative aims to encourage greater use of domestic ports, especially among investors operating around Kedah Rubber City (KRC). “Miti is… Continue reading Miti mulling incentives for investors using local ports, especially those at Kedah Rubber City

KUALA LUMPUR: Aneka Jaringan Holdings Berhad, a basement and foundation construction specialist, reported another quarter of resilient performance for the third quarter ended May 31, 2025 (Q3 FYE2025), underpinned by consistent project execution and prudent cost control. The Group posted a profit after tax (PAT) of RM0.95 million, marking a 72.6% increase from RM0.55 million… Continue reading Aneka Jaringan continues growth with 72.6% PAT growth in Q3FY2025

KUALA LUMPUR: Kinergy Advancement Bhd (KAB) announced that Datuk Gan Kong Hiok has emerged as a substantial shareholder in the company, marking his first official entry as a significant investor. In a Bursa Malaysia filing, KAB said Gan brings an impressive track record to Malaysia’s corporate landscape, having held key leadership roles at established public… Continue reading Datuk Gan emerges as substantial shareholder of Kinergy Advancement

KUALA LUMPUR: Today’s consumers demand greater control over their choices, and nowhere is this more evident than in the insurance sector. As digital adoption accelerates and expectations evolve, Malaysians – particularly younger, tech-savvy individuals – are increasingly seeking insurance solutions that offer speed, transparency and effortless access. Recent findings from the Malaysia Insurance and Takaful… Continue reading insureKU partners global insurers to offer solutions tailored for today’s tech-savvy consumers

CLUBS, associations and trade bodies/associations are distinguished from business enterprises, and the prime differentiator is that making profit is not the main objective of clubs, associations and trade groups. These bodies of peple enjoy beneficial treatment in the taxation of their income. Clubs and similar associations are formed by a group of people who come… Continue reading Tax Matters – How are clubs, associations and trade bodies taxed?

PETALING JAYA: Prime Minister Datuk Seri Anwar Ibrahim’s announcement of a one‑off RM100 cash handout has lifted sentiment in consumer‑related stocks, but economists caution that the impact on actual spending and equity performance may be fleeting, with deeper structural challenges still weighing on the economy. The initiative, worth RM2 billion, is designed to provide relief… Continue reading RM100 aid short-term spending booster but not market mover: Economists

KUALA LUMPUR: The incoming Consumer Credit Act will foster trust, transparency and more responsible credit usage, said Atome Malaysia’s head of BNPL (buy now, pay later), Danny Lim. The legislation will also help enhance confidence in BNPL services and the industry, he added. “In terms of what we focus on, in the short term, we… Continue reading Consumer Credit Act will foster trust, transparency and more responsible credit usage: Atome

PETALING JAYA: Chemical Industries (Malaya) Sdn Bhd (CIM), a subsidiary of listed Hexza Corporation Bhd, on Friday inaugurated a state-of-the-art corn-based ethanol production facility in Persiaran Tasek, Ipoh, marking a significant milestone in the company’s growth and innovation journey. CIM said in a statement that the new plant exemplifies its commitment to quality, sustainability and… Continue reading Hexza subsidiary launches corn-based ethanol plant in Ipoh

PETALING JAYA: Bursa Malaysia Bhd was recognised as one of the Top 50 Asean Public Listed Companies and among the Top 5 PLCs in Malaysia at the recent Asean Corporate Governance Awards hosted by the Minority Shareholders Watch Group, the domestic ranking body for Malaysia, and officiated by Investment, Trade and Industry Minister Tengku Datuk… Continue reading Bursa Malaysia recognised as one of top 50 PLCs in Asean, top 5 in Malaysia

PETALING JAYA: CelcomDigi Bhd has launched a range of artificial intelligence-driven cybersecurity solutions to help large enterprises across industries build higher resilience against evolving digital threats. The always-on services enable real-time threat prediction, detection, response and recovery across three core areas – managed security services, strategy and assessment, and infrastructure security. The solutions are certified… Continue reading CelcomDigi rolls out AI-driven cybersecurity solutions

PETALING JAYA: AirAsia Malaysia will launch two direct routes connecting Kuala Lumpur and Kuching to Pontianak, the capital city of West Kalimantan, Indonesia, starting Sept 12. This expansion comes in the wake of the launch of the Kuala Lumpur-Palembang route earlier this month and the upcoming Kuala Lumpur-Semarang service in September. With the introduction of… Continue reading AirAsia to start two direct services to Pontianak, West Kalimantan, on Sept 12

PETALING JAYA: Puspakom (Computerised Vehicle Inspection Centre) has extended its vehicle inspection operations at Glenmarie and Batu Caves to seven days a week, in a move to improve convenience for customers. The extension will be implemented on a three-month trial basis as part of Puspakom’s broader efforts to enhance accessibility and service efficiency. Following the… Continue reading Puspakom centres at Glenmarie and Batu Caves now operate seven days a week

KUALA LUMPUR: The Malaysia-Cambodia Business Association (MCBA) has urged Malaysian businesses in Cambodia to remain composed and take proactive steps following recent tensions along the Cambodia-Thailand border. President Datuk Seri Ricky Yaw assured members that the association will provide timely updates and guidance to maintain business stability. “The long-standing development of Malaysian businesses in Cambodia… Continue reading MCBA urges calm for Malaysian businesses amid Cambodia-Thailand tensions