Sun, 25 Feb 2024

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February 24, 2024 Business
The Malaysian ringgit has fallen 4.8% this year, and we have not even reached the end of February. The ringgit briefly touched 4.80 to the US dollar, the lowest since September 1998, when it reached 4.8850 to the dollar, and a fixed exchange rate with the dollar was set.
February 24, 2024 Business
PETALING JAYA: Supermarket pioneer Teng Yew Huat has died at the age of 68, after having led the family’s Teng minimarkets into the Giant and Jaya Grocer chains valued in the billions, with Ace Hardware included in the family mix.
February 23, 2024 Business
Kota Kinabalu: Berjaya Food Bhd (BFood) has reported a net loss of RM42.6 million in the second quarter ended Dec 31, 2023, compared to a net profit of RM35.5 million in the previous year, due to the ongoing boycott on Starbucks, it has been reported.
February 22, 2024 Business
PETALING JAYA: Bank Negara Malaysia’s (BNM) international reserves rose 0.5% to US$115.4 billion (RM550.57 billion) as at Feb 15, from US$114.8 billion (RM547.71 billion) as at Jan 31.
February 22, 2024 Business
The Malaysian economy grew at a disappointing rate of 3.7% last year, below market expectation and government estimates of 4-5%. For the last quarter of 2023, the economy expanded by 3%, lower than the preceding quarter.
February 21, 2024 Business
PETALING JAYA: Japan aims to further strengthen investments and deepen comprehensive strategic partnerships between Malaysia and Japan this year, said its ambassador to Malaysia, Katsuhiko Takahashi.
February 21, 2024 Business
PETALING JAYA: Malaysia’s trade started the year with positive momentum, auguring well for an expected rebound in external trade to support firmer economic growth for 2024.
February 20, 2024 Business
PETALING JAYA: Investment, trade and industry minister Tengku Zafrul Abdul Aziz encouraged electric vehicle (EV) automakers with Malaysian facilities to consider making Malaysia their hub to supply and service the fast-growing EV market in Asean.
February 20, 2024 Business
PETALING JAYA: CelcomDigi Bhd’s net profit almost tripled to RM435.11 million in the fourth quarter ended Dec 31, 2023 (Q4 2023), compared to RM127.36 million in the same period a year earlier.
February 20, 2024 Business
PETALING JAYA: UMW Toyota Motor Sdn Bhd (UMW Toyota) today unveiled its “Beyond Zero” initiative, aligning with Toyota’s global pursuit of carbon neutrality by 2050.
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