Latest

1d ago

Corporate News
Positive view of Axiata’s sale of Myanmar assets

PETALING JAYA: The divestment of telecoms tower operator Edotco Myanmar Ltd, although at a huge loss, is still a positive for Axiata Group Bhd as continued exposure to a military-led regime would have posed risks, analysts say.
1d ago

Economy
SST expansion a negative for consumer industry

PETALING JAYA: The upcoming expansion of the sales and service tax (SST) is expected to weigh in on the local consumer sector amid rising cost pressures, says RHB Research.
1d ago

Economy
SNB poised to drop rate to zero and maintain it

BERN: The Swiss National Bank (SNB) will probably lower its interest rate to zero this week and stay there for some time, according to a Bloomberg survey of economists.
1d ago

Corporate News
Softer Mazda sales weigh on Bermaz Auto

PETALING JAYA: The softening of Mazda sales amid stiff competition from the influx of Chinese marques is likely to weigh on the earnings of Bermaz Auto Bhd (BAuto) for its financial year 2026 ending April 30 (FY26).
1d ago

Property
Interest in homes and industrial lots still strong

PETALING JAYA: Buying interest in property is expected to remain healthy, says MIDF Research, which remains positive on the property sector.
1d ago

Economy
Vietnam enhances regulatory framework for cashless payments

HO CHI MINH CITY: Vietnam is strengthening its regulatory framework and policies to promote cashless payments as part of a broader strategy to develop a more digital economy.
1d ago

Economy
Uncertainties over global seaborne trade

PETALING JAYA: The ongoing Israel-Iran war and the impending US reciprocal tariffs will continue to keep the transportation sector on edge, adding further uncertainties to the equation.
1d ago

Corporate News
Gucci turns to Renault CEO in turnaround bid

KERING SA is set to name the chief executive officer (CEO) of Renault SA as its next CEO, looking to an Italian manager who's turned around the French automaker to perform a similar role at the owner of the struggling Gucci fashion label.
1d ago

Economy
Smart equipment assisting in construction

BEIJING: China is intensifying its efforts to bolster intelligent construction equipment, so as to realise a leapfrog upgrade from manual construction to intelligent construction.
1d ago

Property
Asking prices for UK homes tumble in June

LONDON: Asking prices for homes put up for sale in Britain have fallen by the most in 14 years for the time of year, according to data published yesterday that adds to signs of softer pricing after the end of a tax break on house sales.
1d ago

Corporate News
Dialog’s latest PSC agreement positive for firm’s outlook

PETALING JAYA: Oil and gas (O&G) services provider Dialog Group Bhd's taking up of a 100%-interest in the Mutiara cluster small field asset (SFA) production sharing contract (PSC) is being viewed positively by the market despite there being very little detail on the commercial viability of the oil and gas (O&G) fields.
1d ago

Plantations
Sales tax may pressure planters’ competitiveness

PETALING JAYA: The competitiveness of the local palm oil industry will likely be eroded by the implementation of the expanded sales and service tax in July, analysts say.
1d ago

Commodities
Oil options attract bulls in heavy trade

LONDON: A fresh wave of bullishness is washing through the oil-options market as the confrontation between Israel and Iran escalates, with activity led by unusually heavy trading of call options at the week's open.
1d ago

Corporate News
Nippon Steel’s investors brace for costs

TOKYO: After a year and a half of government talks, countless regulatory hiccups and last-minute negotiations, Nippon Steel Corp secured its much-wanted prize late last week when President Donald Trump approved the US$14.1bil purchase of United States Steel Corp (US Steel).
1d ago

Corporate News
Australia’s Santos backs XRG-led takeover bid

SYDNEY: Australian oil and gas producer Santos say it intends to support an US$18.7bil takeover bid from an international consortium led by Abu Dhabi's National Oil Co (Adnoc), which is looking to grow a global gas business.
1d ago

Retail
Victoria’s Secret under pressure from activist investor

NEW YORK: Activist investor Barington Capital Group plans to mount a push to change Victoria's Secret's board of directors and end a recently adopted shareholder's rights plan, according to a source.
1d ago

Economy
BoJ to weigh slowdown in bond buying cuts after volatility rises

TOKYO: The Bank of Japan (BoJ) is set to consider whether to taper its bond purchases at a slower pace while also leaving its benchmark interest rate unchanged, in a decision that will be closely scrutinised by the bond market.
1d ago

Economy
Competition in seafood industry

HO CHI MINH CITY: The Vietnamese seafood business community aims to modernise and sustainably develop the sector, making it even more globally competitive by 2030.
1d ago

Commodities
What’s not happening to Middle East crude supply matters more

IT's often more important in times of heightened tensions in the Middle East to look more at what is not happening, rather than fixating on the dramatic headlines of tit-for-tat air and missile strikes between Israel and Iran.
1d ago

Banking
RBA leans towards publishing policy votes

SYDNEY: Australia's central bank is leaning towards publishing unattributed votes from its Monetary Policy Committee (MPC) only when there is no consensus, with a formal decision on the issue set to be made at the July board meeting.