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

Tunku Nadzaruddin Tuanku Ja’afar (right) was proclaimed the 12th Yang di-Pertuan Besar of Negeri Sembilan at a hotel in Alor Gajah, Melaka on June 5, 2026, which the palace declared void on June 9, 2026. — Screengrab from social media video footage

Malaysia / 13 h ago

Palace declares Melaka hotel ceremony to proclaim Negeri Sembilan Ruler void, strips Nadzaruddin of hereditary title

Transport Minister Anthony Loke at the launch of the Cermat Madani programme, June 9, 2026. — Picture from Facebook/Transport Ministry

Malaysia / 16 h ago

Safe drivers may get up to 65pc insurance savings under Cermat Madani, says transport minister

More than a week before its next monthly monetary policy meeting, officials lifted borrowing costs to 5.5 per cent, following an unexpected 50-point increase last month aimed at stabilising the weakening rupiah and battling inflation. — AFP pic

Money / 18 h ago

Indonesia surprises markets with interest rate hike as rupiah slides to record low

Datuk Seri Ahmad Zahid Hamidi (eentre) says BN has ‘no choice’ but to contest the2026 Negeri Sembilan state election alone. — Bernama pic

Malaysia / 14 h ago

Zahid: BN to go solo in Negeri Sembilan after Pakatan lays claim to all 36 seats

Perhilitan director-general Datuk Abdul Kadir Abu Hashim said investigations carried out by the Gua Musang district office found that the tiger was believed to have merely crossed the area before returning to its natural habitat. — Screengrabs from Facebook/Bernama

Malaysia / 17 h ago

Perhilitan confirms report of Malayan tiger sighting in Gua Musang

Chinese foreign ministry spokesperson Lin Jian urged Washington to “correct its erroneous practices”, warning that Beijing will “take necessary measures to firmly safeguard the legitimate rights and interests of Chinese companies”. — Reuters pic

World / 17 h ago

Beijing condemns US move to blacklist Alibaba, Baidu and other Chinese firms

For illustration only. A 25-year-old owner of a Proton Prevé who recorded a policeman issuing a ticket for a traffic violation in Sentul is under a three-day detention for filming the act and hurling abuse against the officer. — Picture by Firdausn Latif

Malaysia / 14 h ago

Film a cop, hurl abuse, get arrested: Sentul police nab Proton Prevé owner over traffic summons

Tok Batin of Kampung Orang Asli Lata Kinjang, Rani Bah Ulin (front, third right), and Orang Asli representatives display police reports lodged over alleged defamatory social media claims against Tok Batin Mohd Asmmadi Abdullah. — Bernama pic

Malaysia / 14 h ago

Orang Asli reps seek action after viral video claiming Tok Batin who helped search for Jaslinda confined hiker and planned to marry her

National men’s singles professional shuttler Lee Zii Jia huffed and puffed his way past two Japanese opponents in qualifying round matches to make the main draw of the Australia Open Badminton Championships at the Quaycentre Arena in Sydney today. — Bernama pic

Sports / 13 h ago

Malaysia’s Zii Jia, Eogene advance to Australia Open main draw after tough qualifying rounds

SpaceX’s long-awaited initial public offering, expected to fetch a US$1.75 trillion (RM7.11 trillion) valuation, has set off a frenzy among retail ‌investors clamouring for a share of Elon Musk’s rocket, satellite and AI empire. — Reuters pic

Money / 12 h ago

How retail investors — including in Malaysia — can buy shares in SpaceX’s blockbuster IPO

Lawyer turned art trailblazer Valentine Willie dies at 71 on June 9, 2026. — Picture from Instagram/Sabah Art Gallery

Life / 16 h ago

Sabah-born Valentine Willie, key figure in South-east Asian contemporary art, dies at 71

Immigration director-general Zakaria Shaaban said 2,324 of those detained had misused their immigration passes, including by taking part in activities that were not in line with the purpose of their entry into Malaysia.— Reuters pic

Malaysia / 16 h ago

Immigration Dept detains 30,801 foreigners in nationwide enforcement up to May 31

Self-taught breeder, Wan Mohd Hazran Wan Rohim, 35, nets a steady income online with 6,000 angelfish. — Bernama pic

Life / 12 h ago

No courses, just clicks: Kelantan man breeds success with ornamental fish business

The ringgit closed higher against the US dollar and was mostly stronger against regional currencies today, supported by improved market sentiment amid easing geopolitical tensions in West Asia. — Picture by Raymond Manuel

Money / 15 h ago

Ringgit rises versus US dollar, most regional units as tensions ease in West Asia

Senior Federal Counsel Shamsul Bolhassan, representing the Attorney General, submitted that the first respondent, Federal Court Judge Tan Sri Ahmad Terrirudin Mohd Salleh, met the requirements to be appointed to the JAC, and that this fact was not disputed. — Picture by Raymond Manuel

Malaysia / 16 h ago

AG: No legal breach in Ahmad Terrirudin’s Judicial Appointments Commission role

Money

57 m ago

Ringgit edges lower against greenback ahead of crucial US CPI report

At 8 am, the local note depreciated to 4.0600/0640 against the greenback from yesterday’s close of 4.0580/0630. — Picture by Yusof Mat Isa

KUALA LUMPUR, June 10 — The ringgit opened higher against major currencies but eased against the US dollar today, as market sentiment remained cautious ahead of the release of the United States Consumer Price Index (CPI) data tonight.At 8 am, the local note depreciated to 4.0600/0640 against the greenback from Tuesday’s...

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Indonesian President Prabowo Subianto salutes while singing the National Anthem during the inauguration of the newly appointed Head of National Nutrition Agency and special advisor for manpower and labour welfare affairs, at the State Palace in Jakarta June 8, 2026. — Reuters pic

Money / 2 h ago

Prabowo’s populist policies fuel Indonesia’s market ‘doom‑loop’ as rupiah, stocks plunge

Armed Houthi followers ride on the back of a pick-up truck during a parade in solidarity with the Palestinians in the Gaza Strip and to show support to Houthi strikes on ships in the Red Sea and the Gulf of Aden, in Sanaa, Yemen January 29, 2024. ― Reuters pic

Money / 12 h ago

With Hormuz shut and Saudi oil rerouted, Iran‑aligned Houthi threats to Red Sea shipping hit harder in today’s market

SpaceX’s long-awaited initial public offering, expected to fetch a US$1.75 trillion (RM7.11 trillion) valuation, has set off a frenzy among retail ‌investors clamouring for a share of Elon Musk’s rocket, satellite and AI empire. — Reuters pic

Money / 12 h ago

How retail investors — including in Malaysia — can buy shares in SpaceX’s blockbuster IPO

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GSK has agreed to buy US-listed cancer drug developer ‌Nuvalent for US$10.6 billion in its largest deal in more than a decade, marking a major strategic shift under new CEO Luke Miels as the British company steps up its focus on oncology. — Reuters pic

13 h ago

GSK offers 40pc premium in US$10.6b bid for cancer drug developer Nuvalent

Finance Minister II Senator Datuk Seri Amir Hamzah Azizan on a Balancing Fiscal Focus with External Risks during the Invest Malaysia Kuala Lumpur Conference 2026 in Kuala Lumpur June 9, 2026. — Bernama pic

14 h ago

Ringgit among region’s top‑performing currencies on strong investment inflows, says Amir Hamzah

Tanco Holdings Bhd slid sharply again today, extending a four‑day sell‑off that has erased almost RM6 billion from the property developer’s market capitalisation. — Picture by Raymond Manuel

14 h ago

Tanco hits another limit-down, erasing nearly RM6b in market value

The ringgit closed higher against the US dollar and was mostly stronger against regional currencies today, supported by improved market sentiment amid easing geopolitical tensions in West Asia. — Picture by Raymond Manuel

15 h ago

Ringgit rises versus US dollar, most regional units as tensions ease in West Asia

Bursa Malaysia ended lower today as investors adopted a cautious stance amid external uncertainties, keeping a close watch on the upcoming United States inflation as well as developments surrounding the fragile Israel-Iran ceasefire. — Picture by Azneal Ishak

15 h ago

Bursa Malaysia slips on cautious trade amid US inflation watch, Israel‑Iran uncertainty

More than a week before its next monthly monetary policy meeting, officials lifted borrowing costs to 5.5 per cent, following an unexpected 50-point increase last month aimed at stabilising the weakening rupiah and battling inflation. — AFP pic

18 h ago

Indonesia surprises markets with interest rate hike as rupiah slides to record low

Tanco Holdings Bhd’s shares reportedly fell for a fourth straight trading day, extending a sharp sell-off that has wiped nearly RM5 billion off the property developer’s market value since last week. — Picture by Yusof Mat Isa

19 h ago

Property developer Tanco’s shares drop for fourth day, sell-off knocks almost RM5b off company value

At 9.07 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) erased 1.15 points to 1,678.37 from yesterday’s close of 1,679.52. — Picture by Yusof Mat Isa

23 h ago

Bursa Malaysia opens slightly lower as FBM KLCI slips 0.06pc in early trade

At 8 am, the local note appreciated to 4.0665/0780 against the greenback from yesterday’s close of 4.0715/0760. — Bernama pic

23 h ago

Ringgit opens higher against US dollar, tracks weaker greenback amid easing West Asia tensions

General view of the harbour ahead of the Monaco Grand Prix at the Circuit de Monaco, June 7, 2026. As soaring jet fuel prices triggered by the Iran war send ripples across the global travel market, a wealthy elite of CEOs, celebrities and sports stars is flying by private jet in greater numbers than ever before, to glitzy events from the Monaco Grand Prix to the Cannes film festival. — Reuters pic

1d ago

Private jet demand rises as Monaco GP, Cannes drive travel surge despite Iran war disruption

Aircrafts are parked on the tarmac at Rome’s Fiumicino airport, as European airlines monitor higher jet fuel costs and supply concerns linked to tensions in the Middle East, in Fiumicino, Italy, June 6, 2026. — Reuters pic

1d ago

Airlines to fly more passengers but profits to halve in 2026, industry warns

AMMB Holdings Bhd’s wholly-owned subsidiary AmBank (M) Bhd has signed a conditional agreement to acquire Menara AmBank (front left) at Jalan Yap Kwan Seng, Kuala Lumpur, along with the related assets and rights, for RM331 million. — Picture by Raymond Manuel .

1d ago

AmBank to acquire Menara AmBank and related assets for RM331m to secure long‑term office space

The ringgit ended lower against the US dollar today as stronger-than-expected US labour market data reinforced expectations that the US Federal Reserve would maintain its restrictive monetary policy stance, boosting demand for the greenback, an economist said. — Picture by Raymond Manuel

1d ago

Ringgit declines as US dollar strengthens and oil rises on West Asia tensions

Bursa Malaysia recorded a decline of 0.82 per cent at the close today with the diversified composition of the FTSE Bursa Malaysia KLCI helping to cushion the impact of global market weakness. — Picture by Yusof Mat Isa

1d ago

Bursa Malaysia slips but outperforms regional markets amid tech rout and geopolitical jitters

Malaysia has secured RM92.8 billion in approved investments for the first quarter of 2026, with Japan emerging as the largest foreign investor and domestic investment recording its strongest year-on-year growth in the reporting quarter. — Picture by Yusof Isa

1d ago

Malaysia’s 1Q 2026 approved investments hit RM92.8b as domestic inflows strengthen, says Mida

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