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

This Ipoh Curry Mee stall's last day of business is today as they will be relocating to Bandar Kinrara. — Picture by Lee Khang Yi

Eat-drink / 17 h ago

Ara Damansara Restoran Do Re Mi 123’s Ipoh curry ‘mee’ stall to relocate to Bandar Kinrara Restoran BK 33 Kopitiam

Former national mixed doubles player Goh Liu Ying said the world number four pair not only needs to communicate with each other, but should discuss more in depth with their coaches to ensure they are on the same track and goal. — Bernama pic

Sports / 17 h ago

‘Talk it out with your coach’: Ex-Olympian Goh Liu Ying’s advice to Chen Tang Jie-Toh Ee Wei after on-court tension

FashionValet Sdn Bhd founder Datin Vivy Yusof and her husband, Datuk Fadzarudin Shah Anuar, at the Kuala Lumpur High Court December 5, 2024. — Picture by Yusof Mat Isa

Malaysia / 15 h ago

Vivy Yusof, husband to face 15-day trial over RM8 million criminal breach of trust charge involving Khazanah and PNB funds

Student activists involved in the weekend rally Gempur Rasuah Sabah 2.0 cleaned up the burn marks on the ground with brushes and soap after burning of a caricature of Prime Minister Datuk Seri Anwar Ibrahim.— Pictures courtesy of Suara Mahasiswa UMS

Malaysia / 10 h ago

Student activists face police probe, possible expulsion after caricature of PM set ablaze during rally

The US-headquartered semiconductor giant Intel, that has invested RM50 billion in Malaysia and employs 12,300 local workers, is reportedly looking to trim over 20 per cent of its workforce even as its newest facility in Penang nears completion. — Reuters pic

Money / 14 h ago

InvestPenang seeks clarity on Intel’s plan as new Penang facility nears completion amid reported global job cuts

Transport Minister Anthony Loke speaks during a conference on the rationalisation of Malaysia Aviation Commission (MAVCOM) and Civil Aviation Authority of Malaysia (CAAM) at Putrajaya June 23, 2025 — Picture by Raymond Manuel

Malaysia / 17 h ago

Loke: CAAM to go independent, merge with Mavcom on August 1, saving RM1.5b

The runway at Kuching International Airport (KIA) is currently closed to facilitate the removal of a Royal Malaysian Air Force aircraft and subsequent runway clearing works, following an aircraft-related incident at 11.30am today. — Bernama pic

Malaysia / 14 h ago

Kuching International Airport runway closed after aircraft incident, flight operations impacted

The ringgit rebounded from yesterday’s losses to end higher against the US dollar on Friday, as the latest developments on the Iran-Israel war sparked some buying interest in emerging currencies, a dealer said. — Picture by Raymond Manuel

Money / 19 h ago

Ringgit climbs against major currencies at opening as Iran tensions, US airstrikes lift oil and gold

People and rescuers inspect the damage at the site of a reported suicide attack at the Saint Elias church in Damascus’ Dwelaa area on June 22, 2025. Syrian state media reported a suicide attack on a Damascus church on June 22 that caused casualties, as AFP correspondents at the scene saw first responders transporting people from the site. — AFP pic

World / 19 h ago

Suicide bomber kills 22 in Damascus church attack; IS blamed in Syria’s first such strike since war began

This grab taken from UGC images posted on social media on June 23, 2025 shows a plume of smoke billowing after Israeli strikes in Tehran. — Anonymous/UGC/AFP pic

World / 8 h ago

Israel strikes Tehran’s Evin prison in largest attack yet; Iran warns US but holds fire — for now

Northeast district police chief Assistant Commissioner Abdul Rozak Muhammad said the two men were behaving suspiciously near the entrance of the police headquarters at about 4.30pm yesterday. — Picture By Raymond Manuel

Malaysia / 15 h ago

Chest bitten, face punched: Police remand two youths who allegedly attacked officer at Penang headquarters

The Malaysia Rail Link Sdn Bhd (MRL) has raised concerns over a series of cable theft incidents that could disrupt the planning and operational timeline of the East Coast Rail Link (ECRL) project, which is now at a critical phase ahead of its targeted completion in December 2026. — Picture by Yusof Mat Isa

Malaysia / 19 h ago

ECRL cable thefts raise alarm, could derail testing schedule, says MRL CEO

According to the center’s “National Survey Highlights May 2025” report, when respondents were asked to name their top concerns, they pointed to inflation (33 per cent), economic growth (13 per cent), corruption (seven per cent). — Picture by Hari Anggara

Malaysia / 11 h ago

Merdeka Center poll: 73pc of Malaysians say economy is top issue, Anwar gets 55pc approval rating

TNB had said implementing the revised electricity tariff in peninsular Malaysia is positive for the company. — File picture by Shafwan Zaidon

Money / 17 h ago

TNB shares fall to RM14.16 after tariff update; analysts maintain ‘Buy’ amid grid upgrade push

The High Court today allowed an application by Toh Puan Na’imah Abdul Khalid for a stay of its ex-parte order to freeze assets belonging to her and her family worth £132 million in London by the Malaysian Anti-Corruption Commission (MACC). ― Picture by Firdaus Latif

Malaysia / 12 h ago

High Court grants stay on £132 million asset freeze for widow of late Daim Zainuddin, pending further hearings

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Money

8 h ago

What is the Strait of Hormuz — and why one-fifth of global oil is at risk as Iran threatens closure

A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration taken June 22, 2025. — Reuters pic

TEHRAN, June 23 — Iran’s top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said yesterday, after parliament reportedly backed the measure in response to US strikes on several of Tehran’s nuclear sites.Iran has in the past threatened to close the...

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The FTSE Bursa Malaysia KLCI (FBM KLCI) recovered from early losses to end higher today, supported by bargain hunting activities and sustained local investor interest albeit cautious outlook on the global economic front, an analyst said. — Reuters pic

Money / 10 h ago

Bargain hunting lifts FBM KLCI to intraday high despite regional jitters

Indonesia’s state-owned oil and gas firm PT Pertamina will change its oil transportation routes to safer shipping lanes, such as via Oman or India, if the Strait of Hormuz is shut down, a spokesperson said on Monday. — AFP pic

Money / 11 h ago

Indonesia’s Pertamina to reroute oil shipments via Oman, India if Hormuz closes amid Iran-US tensions

The German DAX share price index graph is displayed at the stock exchange in Frankfurt June 20, 2025. — Reuters pic

Money / 14 h ago

Markets jittery as Iran tensions lift oil, weigh on global shares

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The US-headquartered semiconductor giant Intel, that has invested RM50 billion in Malaysia and employs 12,300 local workers, is reportedly looking to trim over 20 per cent of its workforce even as its newest facility in Penang nears completion. — Reuters pic

14 h ago

InvestPenang seeks clarity on Intel’s plan as new Penang facility nears completion amid reported global job cuts

Penang Chief Minister Chow Kon Yeow said the state is pushing into high-value areas such as integrated circuit design, advanced packaging, and precision equipment manufacturing.. — Picture by Sayuti Zainudin

15 h ago

Penang nets RM6.7b in Q1 manufacturing investments, mostly foreign

TNB had said implementing the revised electricity tariff in peninsular Malaysia is positive for the company. — File picture by Shafwan Zaidon

17 h ago

TNB shares fall to RM14.16 after tariff update; analysts maintain ‘Buy’ amid grid upgrade push

In an aerial view, the LyondellBasell Houston refinery is seen at sunset on June 18, 2025 in Houston, Texas. Oil prices have spiked over concerns that the Israel and Iran war could lead into a broader conflict involving the United States. Israel, in its largest attack to date against Iran, has targeted several gas and oil depots including striking Tehran’s main gas depot and its central oil refinery according to a report from Iran’s oil ministry. — Brandon Bell/Getty Images pic via AFP

17 h ago

Oil prices jump as US-Iran tensions jolt markets, spark supply fears

At 9.07am, the FTSE Bursa Malaysia KLCI (FBM KLCI) declined 13.03 points, or 0.87 per cent to 1,489.71 from Friday’s close of 1,502.74. — Picture by Yusof Mat Isa

19 h ago

Bursa Malaysia dips at opening as US-Iran conflict rattles investor sentiment

The ringgit rebounded from yesterday’s losses to end higher against the US dollar on Friday, as the latest developments on the Iran-Israel war sparked some buying interest in emerging currencies, a dealer said. — Picture by Raymond Manuel

19 h ago

Ringgit climbs against major currencies at opening as Iran tensions, US airstrikes lift oil and gold

OCBC Group has committed more than RM11 billion into businesses in Johor since early 2024, as part of its commitment to support the development of the Johor-Singapore Special Economic Zone (JS-SEZ). — Reuters pic

1d ago

OCBC commits RM3b more by end-2025 after RM11b investment in JS-SEZ

Arthur Maltin, a test driver with The Dawn Project, hits a crash dummy as it crosses the road during a safety test on a Tesla Model Y’s self-driving feature at a protest against Tesla robotaxis, ahead of the Tesla robotaxis’ official services in Austin, Texas, June 12, 2025. — Reuters pic

1d ago

Driverless dreams: Elon Musk’s long-awaited robotaxi vision rolls out — cautiously — in Texas pilot

South Korean Trade Minister Yeo Han-koo is expected to raise industry concerns over potential US restrictions on chipmakers operating in China. — Reuters pic

1d ago

South Korea to raise concerns to US over potential curbs on chipmakers’ China operations

The minister said both Malaysia and US representatives have expressed their intention to finalise negotiations before the expiry of the 90-day pause on tariff implementation. — Picture via Facebook/Tengku Zafrul

1d ago

Tengku Zafrul: Malaysia, US aim to seal tariff deal before 90-day clock runs out

Tengku Datuk Seri Zafrul Abdul Aziz said Intel has invested RM50 billion in Malaysia to date, and provided employment opportunities to 12,300 local workers. — Reuters file pic

1d ago

Malaysia taps fresh chip momentum with Intel, Vishay expansion plans

The Tower of London and the City, Britain's financial powerhouse, at daybreak in London June 19, 2025. — Reuters pic

1d ago

UK pledges £1.5b to power skills and industry in decade-long growth blueprint

FedEx Corp’s founder and former CEO, Frederick Smith, has died, the logistics giant said yesterday. ― AFP file pic

1d ago

FedEx confirms death of founder and former CEO Frederick Smith

Tesla announced Friday that it signed an agreement to build its first grid-scale energy storage power station project in mainland China. — AFP pic

1d ago

Tesla to build China’s largest grid battery plant in RM2.3b Shanghai deal

A key concern for markets would centre around the potential impact of the developments in the Middle East on oil prices and thus on inflation. A rise in inflation could dampen consumer confidence and lessen the chance of near-term interest rate cuts. — Reuters pic

1d ago

Investors brace for oil price spike, rush to havens after US bombs Iran nuclear sites

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