Business news
business
KUALA LUMPUR, Jan 17 — SC Estate Builder's acquisition of a stake in a non-operational hotel is under scrutiny due to the company's accumulated losses and market capitalization of just over RM50 million. The deal involves the purchase of a hotel that is currently not in operation.
business
NEW YORK, Jan 16 — The U.S. dollar strengthened in late trading on Friday, according to Xinhua. The currency's uptick was reported in New York-based financial markets. No specific figures or reasons for the movement were provided in the brief report. Xinhua attributed the information to its own
business
NEW YORK, Jan 16 — Crude oil futures settled higher on Friday, according to market data. The price increase was recorded at the close of trading in New York. No specific percentage or dollar amount for the gain was provided in the brief report. Market analysts typically monitor such movements for
business
NEW YORK, Jan 16 — U.S. stocks closed lower on Friday, marking a decline in major indices as investors reacted to economic data and corporate earnings reports. The Dow Jones Industrial Average fell by 0.5%, while the S&P 500 dropped 0.6% and the Nasdaq Composite decreased
world
WASHINGTON, Jan 15 — US President Donald Trump expressed support for Canadian Prime Minister Mark Carney's preliminary trade deal with China, which will cut tariffs on electric vehicles and canola. Trump made the comments to reporters at the White House on Friday. "That's what he should
business
PUTRAJAYA, Jan 15 — Malaysia's targeted subsidy programs have saved RM15.5 billion in public funds while keeping inflation below 2%, Treasury Secretary-General Datuk Johan Mahmood Merican said in an interview. He stated that targeted subsidies are a realistic and effective instrument to help households manage the rising cost
politics
KUALA LUMPUR, Jan 17 — Prime Minister Datuk Seri Anwar Ibrahim announced improvements to the Sumbangan Asas Rahmah (SARA) assistance, which began today, aiming to provide more orderly, targeted, and continuous aid to help Malaysians meet basic needs amid cost-of-living pressures. The 2026 monthly SARA programme involves 8.1 million recipients,
business
KUCHING, Jan 17 — The Sarawak Commercial Vehicle Licensing Board (CVLB) has warned unlicensed commercial vehicle operators they risk insurance denial and legal action, urging them to regularize operations immediately. CVLB chairman Michael Kong said licensing ensures operators meet minimum safety, insurance, and regulatory standards to protect road users and the
business
KUALA LUMPUR, Jan 16 — Corporate Malaysia saw a flurry of announcements from companies including Binastra, Kerjaya Prospek, D&O, Dengkil, SkyGate, NexG, Vestland, Chin Hin, SC Estate Builder, ES Sunlogy, and Infomina, as reported by The Star. The announcements covered various trading ideas and corporate developments, though specific details
business
KYIV, Jan 16 — The International Monetary Fund's latest economic forecasts due next week will show the global economy's continued resilience to trade shocks and "fairly strong" growth, IMF Managing Director Kristalina Georgieva told Reuters on Thursday. Georgieva made the comments during an interview in
business
MEXICO CITY, Jan 15 — Mexico's Economy Minister Marcelo Ebrard expressed confidence that the US-Mexico-Canada trade agreement will be extended, despite scepticism from former US President Donald Trump and analyst predictions. Ebrard stated the three nations are in the treaty review phase and must conclude by July 1. "
politics
WASHINGTON, Jan 15 — President Donald Trump has unveiled a new healthcare framework that would replace government insurance subsidies with direct payments into individual health savings accounts, aiming to lower costs and increase transparency. The White House says the plan targets lower drug prices and insurance premiums while imposing new accountability