KUALA LUMPUR: Bursa Malaysia Bhd, the stock exchange operator, has instructed the entire board of directors at Sumatec Resources Bhd to attend a training programme after the company failed to undertake a proper assessment of its financial accounts.
KUALA LUMPUR: VS Industry Bhd is in active discussion with existing and new customers to secure orders as the group expand its local production capacity.
KUALA LUMPUR: The government’s spending will not be huge in the current situation as it addresses the fiscal squeeze before stabilising and moving ahead, said Asean Business Club President Tan Sri Dr Munir Majid.
KUALA LUMPUR: The FBM KLCI closed in the red on Tuesday as escalation of U.S.-China trade war kept investors off risky bets.
KUALA LUMPUR: National hydrocarbon custodian, Petronas, is urging all players in the oil and gas (O&G) industry to tread carefully and respond cautiously to the unpredictable business landscape.
KUALA LUMPUR: Plastics manufacturers should shift to bio-degradable and eco-friendly products to reduce the consumption of single-use plastics, says the Ministry of Energy, Science, Technology, Environment and Climate Change (MESTECC).
SHANGHAI: China’s stock markets fell on Tuesday, their first trading day after new U.S. and Chinese tariffs on each others goods kicked in on Monday, while property firms plunged on worries that a property pre-sale system may be scrapped.
BANGALORE: About US$600mil of the total will be plowed into China where Oyo began operations only 10 months ago. The funding values the startup at US$5bil.
FRANKFURT: Three years ago, Deutsche Bank AG pledged to improve internal controls to avoid a repeat of fines that had eroded earnings and damaged trust. Yet from the U.S. to Germany, regulators keep spotlighting the lender’s failures.
SINGAPORE: U.S. oil exports to China are becoming a casualty of Donald Trump’s trade war with Xi Jinping’s administration.
BEIJING: China said it’s open to talking on the trade dispute, but it needs the U.S. to show sincerity and not put a knife at Beijing’s throat.
KUALA LUMPUR: Electronic packaging and interconnect solutions provider Amlex Holdings Bhd aims to broaden its electronic packaging and interconnect solutions for the automotive industry after listing on Bursa Malaysia’s LEAP Market.
KUALA LUMPUR: Velesto Energy Bhd hopes the government will loosen the foreign exchange (forex) requirement for local companies on the conversion of the US dollar to ringgit when conducting business with international companies in the upcoming 2019 Budget in November.
KUALA LUMPUR: Bursa Malaysia slipped slightly in Tuesday's morning session given the negative sentiment surrounding the escalation of the US-China tariffs war and prospects for global growth.
SINGAPORE: The marine construction unit of the state-owned China Communications Construction Company (CCCC) on Tuesday signed an agreement to work with Singapore-based commodities trader Zenrock Group to purchase fuel.
KUALA LUMPUR: Tune Plato Ventures Sdn Bhd, a joint venture between Tune and ECM Libra, has acquired a 50% stake in Malaysian home-sharing platform SubHome Management Sdn Bhd.
KUALA LUMPUR: EY has acquired Xynapse Sdn Bhd and Xynapse Asia Sdn Bhd (collectively, Xynapse), entities based in Malaysia that are in the identity and access management implementation and managed services business.
SAN FRANCISCO: The founders of Instagram are leaving Facebook Inc. after growing tensions with Chief Executive Officer Mark Zuckerberg over the direction of the product, people familiar with the matter said.
KUALA LUMPUR: Shares of CIMB Group Holdings Bhd fell marginally in early trade Tuesday after the company announced chairman Datuk Seri Nazir Tun Razak is leaving his post.
KUALA LUMPUR: The ringgit was lower against the US dollar early Tuesday, reversing Monday's gains as the greenback's negative sentiment weighed on appetite for emerging currencies including the ringgit, a dealer said