Latest

1d ago

Economy
RBA views cash rate as appropriate for now

Australia’s central bank sees its current policy settings as appropriate to try to pull down core inflation that is still “too high,” while discussing at its meeting two weeks ago scenarios that might require an interest-rate cut, hike or for them to stay higher for longer.
1d ago

Economy
FTA with US ‘unlikely’ but nickel deal attainable

The re-election of Donald Trump as United States president may complicate talks with Indonesia about a free-trade agreement (FTA), but such a deal may not be the only way to open the US market for Indonesian nickel, experts believe.
1d ago

Corporate News
RWS casino licence renewed for only two years

Resort World Sentosa’s (RWS) casino licence has been renewed for two years, instead of three, after its tourism performance was deemed unsatisfactory by the authorities.
1d ago

Markets
S’pore stocks to gain from MAS reforms

South-East Asia’s top-performing stock market in 2024 is likely to continue its momentum into next year as Singapore unveils measures to revive its stock market, according to analysts at Morgan Stanley.
1d ago

Corporate News
Apple to invest US$100mil to revoke iPhone 16 ban

Apple Inc has increased its offer to invest in Indonesia by almost tenfold, according to people familiar with the matter, in the US tech giant’s latest bid to persuade the government to lift its sales ban on the iPhone 16.
1d ago

Corporate News
Bright prospects for CelcomDigi on 3Q results

Analysts are positive about CelcomDigi Bhd’s third-quarter results for the financial year 2024 (3Q24), but many have kept their forecasts unchanged while waiting for more clarity on the industry’s 5G structure, as well as the telco group’s strategies ahead.
1d ago

Economy
The Philippines likely to miss 2024 growth target

Economic growth this year might fall short of President Marcos’ goal, Citi Research says as it turned less bullish on the country after the onslaught of recent typhoons that had weighed on output in the third quarter (3Q).
1d ago

Corporate News
India to sell minority stakes in state banks

The Indian government is considering selling minority stakes in four state-run banks to comply with public shareholding norms mandated by the country’s markets regulator, a government source has told Reuters.
1d ago

Markets
Beijing says its capital market will continue opening up

China’s ongoing opening up of its capital market, with the connect programmes between the mainland and Hong Kong markets serving as one good example, will be further advanced to inject more vitality into the markets and facilitate the country’s high-quality economic growth, say officials and industry experts.
1d ago

Economy
Vietnam textile sector on growth path

Vietnam’s garment industry is set for continued growth next year but is looking to diversify its key export markets as it waits to see what steps US President-elect Donald Trump will take when it comes to tariffs.
1d ago

Economy
Exports grow 1.6% in October on high demand

Malaysia’s exports in October 2024 rose 1.6% to RM128.12bil, largely supported by strong demand for manufactured goods.
1d ago

Markets
China’s US dollar bond market starts recovering

China’s US dollar-bond market is seeing a return of big issuers, raising hopes that a market hit hard in recent years by the nation’s economic woes is reviving.
1d ago

Economy
Bank Negara committed to supporting country’s cash economy

Bank Negara has given its firm commitment to supporting the continued use of physical cash in the country.
1d ago

Corporate News
Binastra gets RM256mil data centre job

Binastra Corp Bhd (BCB) has accepted a letter of award worth RM256.45mil from Exsim Jalil Link Sdn Bhd for mechanical and electrical fit-out works relating to a data centre in Bukit Jalil, Kuala Lumpur.
1d ago

Corporate News
Weaker fourth quarter forecast for HE Group on order-book completion

A sequentially weaker fourth quarter of financial year 2024 (4Q24) can be expected for HE Group Bhd as projects are nearing completion.
1d ago

Corporate News
Steady loan growth a win for Alliance Bank

Hong Leong Investment Bank (HLIB) Research has raised its earnings forecasts for Alliance Bank Malaysia Bhd, after pencilling in higher net interest margin (NIM) assumption.
1d ago

Corporate News
New launches poised to propel Matrix Concepts

Matrix Concepts Holdings Bhd remains confident of its goal to reach RM1.3bil of new property sales in financial year 2025 (FY25), driven by a robust pipeline.
1d ago

Auto
Positive sentiment on automotive sector with increased TIV in October

A full month production schedule of Perusahaan Otomobil Kedua Sdn Bhd (Perodua) and an aggressive rollout of year-end specials by original equipment manufacturers (OEM) has resulted in the increase of total industry volume (TIV) for the month of October 2024.
1d ago

Corporate News
Hibiscus first-quarter profit more than halves

Hibiscus Petroleum Bhd’s net profit slumped 51% year-on-year (y-o-y) in the first quarter ended Sept 30, 2024 of financial year 2025 (1Q25), which the upstream oil and gas player called the “most challenging quarter” of financial year 2025 (FY25).
1d ago

Economy
Donald Trump’s policies can add RM19.7bil to Malaysia’s GDP

Donald Trump’s upcoming economic policies are expected to significantly impact Malaysia’s economy, with projections indicating that they could contribute RM19.7bil to the country’s gross domestic product (GDP).