Kuala Lumpur: Malaysia’s economy is projected to grow at a more moderate pace of 4.0 per cent this year, with domestic private sector spending is expected to be the main driver of growth amid an expected slowdown in external demand.

busan: AirAsia Aviation Group’s medium-haul affiliate airline, AirAsia X Bhd (AAX), plans to have seven flights to Busan per week by year-end to strengthen its foothold in South Korea.

Kuala Lumpur: Bursa Malaysia rode on the upbeat sentiment on Wall Street to usher in the new day on a positive note but the ringgit lost its momentum to retreat against the US dollar when the markets opened today.

Kuala Lumpur: Bursa Malaysia and the ringgit returned from a day’s break to recover losses from early in the week.

Kuala Lumpur: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) has allocated RM1.15 billion in capital expenditure (capex) this year for business expansion and to improve group operations.

SEOUL: Samsung Electronics said Tuesday that its fourth-quarter operating profits plunged nearly 70 percent, the biggest drop in more than eight years, as the global economic slowdown dealt a blow to electronics and chips sales.

Kuala Lumpur: The ringgit reversed a seven-day advance against the US dollar to open lower today as the greenback gained strength ahead of a decision on interest rate this week.

HONG KONG: Alibaba Group Holding’s biggest selloff in three months is underscoring investor concern that China’s consumer recovery may fail to meet lofty expectations.

TOKYO: Japan’s Toyota was the world’s top-selling automaker in 2022, retaining its lead over German rival Volkswagen for the third year, company data showed Monday.

TOKYO: Japanese automaker Nissan Motor and its French partner Renault have reached an agreement to reduce the latter’s stake in Nissan, Nikkei learned Monday.