Markets

Wall Street set to plunge as Trump tariffs rout dollar

LONDON: World stocks, the dollar and oil all tumbled on Thursday as President Donald Trump's drastic new U.S. trade tariffs stoked fears of a global recession and led investors to seek safe-haven assets like bonds and the yen.

Economy

US weekly jobless claims fall as labour market stays stable for now

WASHINGTON: The number of Americans filing new applications for unemployment benefits fell last week, pointing to continued labour market stability ahead of potential volatility from import tariffs.

Corporate News

Ho Hup disposes of two properties totaling RM13mil

PETALING JAYA: Ho Hup Construction Co Bhd is disposing of two properties in Bukit Jalil, Kuala Lumpur to Premium Realty Sdn Bhd and Sensecube Sdn Bhd for a total of RM13mil.

Corporate News

Mayu Global’s ED detained to assist in police investigation

PETALING JAYA: Mayu Global Group Bhd's executive director, Tan Kim Hee, has been detained by Bukit Aman Police to assist in an ongoing investigation.

Banking

Maybank ready to assist customers impacted by Putra Heights gas pipeline fire

KUALA LUMPUR: Malayan Banking Bhd (Maybank) is ready to support those who have been impacted by the gas pipeline fire in Putra Heights.

Markets

Verdant Solar eyes ACE Market listing

PETALING JAYA: Verdant Solar Holdings Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.

Forex

Ringgit stable against US dollar, ends marginally higher at 4.44

KUALA LUMPUR: The ringgit, which faced pressure against the US dollar following United States (US) President Donald Trump's announcements on global reciprocal tariffs, closed relatively stable today, said an analyst. 

Corporate News

Kimlun appoints Pang Khang Hau as new CEO, effective May 1

KUALA LUMPUR: Kimlun Corp Bhd has redesignated executive director Pang Khang Hau as chief executive officer (CEO) effective May 1, 2025.

Corporate News

Tuju Setia bags RM264mil high-rise apartment project

PETALING JAYA: Tuju Setia Bhd has secured a contract from MKH Bhd for the development of a high-rise apartment project in Makhota Cheras, Selangor worth RM264mil.

Corporate News

HI Mobility wins RM135mil bus service job

PETALING JAYA: HI Mobility Bhd has been appointed the network operator for the intra city bus service in Johor Baru and surrounding areas, worth RM134.94mil.

Business

Tariffs deliver blow to dented Southeast Asian solar export

President Donald Trump's cascade of tariffs on Southeast Asia threatens an already battered solar panel industry and its exports to the world's largest economy, while also driving up the cost of renewable projects in the US.

Markets

PMW International eyes ACE Market listing

PETALING JAYA: PMW International Bhd is eyeing a listing on the ACE Market of Bursa Malaysia.

Markets

Bursa Malaysia dips as Trump’s tariffs hit sentiment, last-minute buying cushions losses

KUALA LUMPUR: Bursa Malaysia closed lower on Thursday, weighed down by fragile market sentiment following U.S. President Donald Trump's announcement of reciprocal tariffs.

Business

Shares in sportswear brands Nike, Adidas and Puma slide after tariffs hit Vietnam

Shares in Nike, Adidas and Puma dropped sharply on Thursday after U.S. President Donald Trump imposed a raft of new tariffs, including on Vietnam, Indonesia, and China, key sourcing markets for the sportswear companies.

Economy

Trump's tariffs stoke global trade war as China, EU hit back

WASHINGTON/BEIJING/BRUSSELS: President Donald Trump's move to slap a 10% tariff on most goods imported to the United States, as well as much higher levies on dozens of rivals and allies alike, has intensified a global trade war that threatens to stoke inflation and stall growth.

Commodities

Gold scales record peak as Trump tariffs fuel safe-haven scramble

Jittery investors flocked to safe-haven assets on Thursday and pushed gold to a record high after U.S. President Donald Trump unleashed more aggressive-than-expected import tariffs, kicking into higher gear an already heated global trade war.

Economy

Southeast Asia nations, hit particularly hard by US tariffs, prep for talks with Trump

HANOI/BANGKOK: Vietnam's government said on Thursday it would set up a task force and other Southeast Asian nations said they plan to seek talks with Washington as they reel from being hit with some of U.S. President Donald Trump's heftiest tariffs.

Business

China’s handbag brands make waves in premium market

CHINA's domestic handbag brands are making a significant impact in the premium market. Despite many unit prices exceeding 1,000 yuan ($138) — and some even soaring beyond 10,000 yuan — interest among consumers remains robust.

Markets

Stocks slump as trade war stirs recession fear

SINGAPORE: Stocks dived on Thursday and investors scrambled for the safety of bonds, gold and the yen, fearing new U.S. tariffs have intensified a trade war threatening to tip the world into recession.

Forex

Singapore’s foreign exchange and money markets are functioning normally, central bank says

SINGAPORE: The Monetary Authority of Singapore said on Thursday that Singapore's foreign exchange and money markets continue to function normally.