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Markets 1d ago

Wall Street slips as trade worries dampen upbeat earnings

NEW YORK: U.S. stocks ended slightly lower on Friday as escalating trade anxieties driven by U.S. President Donald Trump's latest tariff threats against China offset a string of robust earnings led by Microsoft

The Dow Jones Industrial Average fell 6.38 points, or 0.03 percent, to 25,058.12, the S&P 500 lost 2.66 points, or 0.09 percent, to 2,801.83 and the Nasdaq Composite dropped 5.10 points, or 0.07 percent, to 7,820.20.
Economy 1d ago

Budget 2019 – a tough balancing act

THE Finance Minister has set the record straight on the rate that the government intends to impose upon the re-introduction of the Sales and Service Tax (SST) in place of the Goods and Services Tax (GST) come Sept 1.

Corporate News 18 Jul 2018

Sapura Energy's Shahril survives ouster move at AGM

KUALA LUMPUR: Sapura Energy Bhd chief executive officer (CEO) Tan Sri Shahril Shamsuddin survived a bid to oust him as director and CEO amid unhappiness over his total pay package of RM71.92mil in financial year 2018 ended Jan 31 (FY18).

Automotive 1d ago

Auto sector faces SST speed bump

IT has been a volatile six months for the local automotive industry, with the remaining half looking like it could be just as unpredictable, especially with the reintroduction of the sales and service tax (SST) from Sept 1.

Car rally: Demand for cars surged when GST was zero-rated from June 1.
Economy 19 Jul 2018

Malaysia to grant 20% royalty to its oil-producing states

KUALA LUMPUR: All states that produce oil will receive 20% of profit from the resource, Prime Minister Tun Dr Mahathir Mohamad speaks in parliament.

Advertising & Media 1d ago

GfK: Weekly radio listenership rises to 20.2 million in Malaysia

THE Radio Audience Measurement 2018 conducted by GfK, in partnership with Commercial Radio Malaysia (CRM), revealed two primetime windows when listenership peaked – breakfast and drive time shows.

Markets 1d ago

Promising sign for IPO market

TWO companies which made their debuts on the stock exchange this week could be the cue that the initial public offering (IPO) market has come back with a vengeance after a slow start to the year.

IPO buzz: Revenue and Nova Wellness made their debuts on the Ace Market of Bursa Malaysia.
Airlines 19 Jul 2018

AirAsia X orders 100 Airbus A330neo for US$30b

SEPANG: AirAsia X Bhd, the long-haul arm of low-cost carrier AirAsia Group Bhd, has ordered 100 A330neo long-haul passenger jets from European planemaker Airbus in a deal worth US$30bil.

Banking 19 Jul 2018

UK watchdog tells banks to prepare for hard Brexit

LONDON: Britain's banks and insurers must plan for a "hard" Brexit in case a transition period is not in place next March, a senior British regulator said on Thursday.