Malaysia Business News, Finance News, Stock Updates | Malay Mail

Ketari assemblyman Young Syefura Othman speaks to Malay Mail during an interview on May 17, 2022 . — Picture by Choo Choy May

Malaysia / 1d ago

DAP needs give-and-take to move past race barriers, says party’s sole elected Malay official

Nothing like a big plate of noodles such as 'kai see hor fun' (flat rice noodles with shredded chicken) to start the day. – Pictures by CK Lim

Eat-drink / 1d ago

From ‘kai see hor fun’ to ‘char kway teow’, there’s nothing like noodles at the coffee shop to start the day

Johor Baru South District Police chief ACP Raub Selamat said the 33-year-old local man was arrested in the city at 1.30am today. — Picture by Ahmad Zamzahuri

Malaysia / 17 h ago

E-hailing driver arrested for allegedly outraging modesty of woman

Samuel Seow in a photo taken in June 2021. ― TODAY file pic

Singapore / 1d ago

In Singapore, entertainment lawyer Samuel Seow disbarred for abusing employees, conduct a ‘grave dishonour’ to profession

Datuk Seri Ahmad Zahid Hamidi is pictured at the Shah Alam Court on May 12, 2022. — Picture by Miera Zulyana

Malaysia / 1d ago

Foreign visa system trial: Witness tells court unable to produce proof of attendance for monthly cash payments deliveries to Zahid

Datuk Seri Dr Ahmad Zahid Hamidi arrives at the Shah Alam High Court May 11, 2022. — Picture by Yusof Mat Isa

Malaysia / 2 h ago

Foreign visa system trial: ‘KJ’ among several names appearing in UKSB’s cash payment records ledger, court hears

Ringgit notes are seen at a money changer in Kuala Lumpur June 20, 2018. — Bernama pic

Money / 1d ago

Ringgit hits RM4.4 against dollar, lowest since March 2020

A general view of tunnel constructions site of the East Coast Rail Link (ECRL) project in Bentong, Pahang, January 13, 2022. — Picture by Firdaus Latif

Malaysia / 1d ago

Malaysia Rail Link, China Communications Construction offering 5,000 job opportunities to locals via industry skills training programme

Perak police chief Commissioner of Police Datuk Mior Faridalathrash Wahid speaks to the press at the Perak police headquarters in Ipoh April 8, 2022. — Picture by Farhan Najib

Malaysia / 1d ago

Elderly climber dies on Titiwangsa range in Ipoh

Lee Zii in action against Kento Momota at the Thomas Cup finals in Bangkok May 11, 2022. — Bernama pic

Opinion / 1d ago

Doubles troubles: Malaysia's Thomas Cup debacle

Penang Chief Minister Chow Kon Yeow speaks during the groundbreaking ceremony of the new Angkasa-X Earth Station and State-of-the-art Technology Centre at the Universiti Sains Malaysia Engineering Campus in Nibong Tebal May 19, 2022. ― Picture by Sayuti Zainudin

Malaysia / 1d ago

Angkasa-X and USM to build RM30m earth station and space technology centre in Penang

A vendor sells chicken at a market in Kuala Lumpur, February 3, 2022. — Picture by Yusof Mat Isa

Malaysia / 9 h ago

Dropping AP for food imports could jeopardise Malaysia’s production, stakeholders warn

Home Minister Datuk Seri Hamzah Zainudin speaks to reporters at the Home Ministry’s open house in Putrajaya, May 18, 2022. — Bernama pic

Malaysia / 1d ago

Home minister: Data leak of over 22 million Malaysians not from National Registration Department

According to CAG, air travel at Changi Airport has been increasing steadily since late 2021. ― Reuters pic

Singapore / 1d ago

In Singapore, over 6,000 jobs available as Changi Airport speeds up hiring amid travel recovery

A teddy bear hangs on a swing next to a damaged building in Saltivka district, amid Russia's attack on Ukraine, in Kharkiv, Ukraine May 17, 2022. ― Reuters pic

World / 1d ago

Russia uses new laser weapons in Ukraine, Zelensky mocks 'wonder weapon'

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Money

Money / 16 m ago

China quietly increases purchases of low-priced Russian oil

Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, 2019. ― Reuters file pic

SINGAPORE, May 20 ― China is quietly ramping up purchases of oil from Russia at bargain prices, according to shipping data and oil traders who spoke to Reuters, filling the vacuum left by Western buyers backing away from business with Russia after its invasion of Ukraine in February.The move...

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Indonesia is set to lift its palm oil export ban effective May 23, 2022. — Picture by Shafwan Zaidon

Money / 2 h ago

RHB IB neutral on plantation sector as Indonesia to lift palm oil ban

In a filing with Bursa Malaysia today, Sime Darby Plantation Bhd said the performance was driven by higher crude palm oil and palm kernel prices in the upstream segment and improved downstream performance. ― Picture by Miera Zulyana

Money / 30 m ago

Sime Darby Plantation posts higher net profit of RM718m in Q1

People shop for an air conditioner inside an electronics store in Mumbai, India, May 19, 2022. Picture taken May 19, 2022. ― Reuters pic

Money / 37 m ago

Inflation crimps Indian firms as rural millions cut spending

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A staff member is seen at a booth of Tencent at an exhibition during China Internet Conference in Beijing July 13, 2021. — Reuters pic

Money / 1d ago

Major China tech stocks plunge as sell-off builds

The ringgit hit a record low on March 23, 2020 when it reached RM4.447. — Bernama pic

Money / 21 h ago

Ringgit hits RM4.40 to US dollar on global recession concerns

A general view of the Kuala Lumpur skyline March 5, 2022. — Picture by Yusof Mat Isa

Money / 1d ago

IMF sees Malaysia’s economy expanding 5.75pc in 2022

In another volatile day of trading, sterling touched its highest level since May 5 at US$1.25130 (RM5.50), and was last up 1.1 per cent .— Reuters pic

Money / 16 h ago

Sterling at two-week high, wins respite from growth fears for now

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Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, 2019. ― Reuters file pic

16 m ago

China quietly increases purchases of low-priced Russian oil

In a filing with Bursa Malaysia today, Sime Darby Plantation Bhd said the performance was driven by higher crude palm oil and palm kernel prices in the upstream segment and improved downstream performance. ― Picture by Miera Zulyana

30 m ago

Sime Darby Plantation posts higher net profit of RM718m in Q1

People shop for an air conditioner inside an electronics store in Mumbai, India, May 19, 2022. Picture taken May 19, 2022. ― Reuters pic

37 m ago

Inflation crimps Indian firms as rural millions cut spending

Malaysia’s total trade continued to rise in April with a 21.3 pct growth year-on-year to RM231.44 billion, making it the 15th straight month of double-digit growth. — Picture by Miera Zulyana

1 h ago

Malaysia’s trade surplus expected to remain robust in near term

Indonesia is set to lift its palm oil export ban effective May 23, 2022. — Picture by Shafwan Zaidon

2 h ago

RHB IB neutral on plantation sector as Indonesia to lift palm oil ban

At the lunch break, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 1.80 points or 0.12 per cent to 1,551.21 from yesterday’s close of 1,549.41. ― Picture Ahmad Zamzahuri

2 h ago

Bursa Malaysia ends higher at mid-day

The dollar index, which measures it against six major rivals, was down 1.5 per cent for the week to 102.96, on track to snap a six-week winning run. A week earlier it had soared to the highest since January 2003 at 105.01. ― Reuters pic

3 h ago

Dollar falls for first week in seven amid US yield retreat

Beijing's unrelenting approach to Covid-19 outbreaks has snarled supply chains and locked down tens of millions of people, hitting major financial, industrial and tourist hubs. ― Reuters pic

3 h ago

China cuts key mortgage reference rate as Covid bites

At 11.09am, the FTSE Bursa Malaysia KLCI (FBM KLCI) improved 4.46 points or 0.29 per cent to 1,553.87 from yesterday’s close of 1,549.41. ― Picture by Razak Ghazali

3 h ago

Bursa Malaysia remains higher at mid-morning

PetGas said the weaker net profit was attributed to a higher effective tax rate due to the imposition of the prosperity tax and lower pre-tax profit. ― Picture by Yusof Mat Isa

4 h ago

PetGas among top losers, falls 1.61pc in early trade

MSCI's broadest index of Asia-Pacific shares outside Japan quickly built on early gains after the cut, and was last up 1.4 per cent. ― Reuters pic

4 h ago

Asian shares jump as China cuts key lending benchmark

Indonesian palm oil farmers take part in a protest demanding the government to end the palm oil export ban, outside the Coordinating Ministry of Economic Affairs office, in Jakarta, Indonesia May 17, 2022. ― Reuters file pic

5 h ago

Indonesia to impose local sales rule when palm oil exports restart

At 9.02am, the local note stood at 4.3940/3980 versus the greenback from yesterday's close of 4.4030/4060. ―

5 h ago

Ringgit rebounds against US dollar at opening

At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 5.59 points or 0.36 per cent to 1,555.00 from yesterday’s close of 1,549.41. ― Bernama pic

6 h ago

Bursa Malaysia opens higher on better sentiment

The United States banned imports of Russian oil shortly after Moscow's invasion, while the European Union is considering a phased embargo, pushing more Russian oil cargoes towards Asia. ― Reuters pic

6 h ago

More Russian oil going east squeezes Iranian crude sales to China

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Opinion

Alwyn Lau

1d ago

Doubles troubles: Malaysia's Thomas Cup debacle

Praba Ganesan

1d ago

The inevitable civil service cull waits for a driver

Erna Mahyuni

2d ago

The disturbing court of public opinion