Newsfeed – Business News
FBM KLCI hits intraday high at the close on bargain-hunting activities
KUALA LUMPUR: Bursa Malaysia’s benchmark index ended higher, amid an overall cautious market sentiment, on bargain-hunting activities, said an analyst. Read full story Author: Source: thestar.com.my
99 Speed Mart’s Lee Thiam Wah joins Forbes 2025 Billionaires List, among 19 Malaysians
KUALA LUMPUR: A total of 19 Malaysians are listed on the Forbes 2025 Billionaires List with a cumulative wealth of US$57.3bil. Read full story Author: Source: thestar.com.my
Tyre maker Bridgestone to cut 546 jobs in Spain on uncertainty, competition
MADRID: Japanese tyremaker Bridgestone said it plans to cut jobs at two factories in northern Spain in reaction to an adverse evolution of the European market and the rise of non-European products. Read full story Author: Source: thestar.com.my
Asian currencies subdued, stocks mixed as investors brace for Trump’s tariff plans
Emerging Asian stock markets were mixed on Wednesday and currencies were on the defensive, as nervous investors awaited U.S. President Donald Trump’s new reciprocal tariffs on trading partners that may intensify global trade tensions and hit economic growth. Read full story Author: Source: thestar.com.my
Putra Heights fire may cost PetGas up to RM25mil, says MIDF
KUALA LUMPUR: The Putra Heights fire on April 1 is expected to result in a one-off impairment of at least RM18mil to RM25mil for Petronas Gas Bhd (PetGas), according to MIDF Research. Read full story Author: Source: thestar.com.my
Sportswear enjoys sprinting sales in China
LEADING global sportswear brands are capitalising on the substantial growth potential of the Chinese market, which is driving their expansion and investment strategies. Read full story Author: Source: thestar.com.my
OCK Group sees minimal disruption to Myanmar ops following recent earthquake
KUALA LUMPUR: OCK Group Bhd does not anticipate any major long-term impact on its operations or business performance in Myanmar following the magnitude 7.7 earthquake that struck last Friday. Read full story Author: Source: thestar.com.my
CIMB, Bank Islam and Etiqa to assist Putra Heights fire incident victims
KUALA LUMPUR: CIMB, Bank Islam and Etiqa have come forward to assist the victims impacted by the fire incident in Putra Heights, Selangor, on Tuesday through various relief assistance plans. Read full story Author: Source: thestar.com.my
S&P global: US tariffs expected to affect Asia Pacific economic growth
KUALA LUMPUR: Rising United States (US) tariffs are expected to affect growth across Asia-Pacific (APAC), according to S&P Global Ratings’ latest economic update. Read full story Author: Source: thestar.com.my
T7 Global shares drop 29% after deputy chairman’s resignation, short selling suspended
KUALA LUMPUR: The intraday short selling (IDSS) of T7 Global Bhd’s shares has been suspended for the rest of the day. Read full story Author: Source: thestar.com.my