World Business News
Businesses criticise delays in EU import checks
Image source, Getty Images The delay in extra checks on EU imports has been criticised by businesses for creating confusion and leaving UK borders vulnerable [more]
Subsidised cooking oil supply to stabilise soon — KPDNHEP
ALOR SETAR (July 2): The shortage in the supply of subsidised cooking oil packets is expected to stabilise soon after the packaging and distribution work [more]
Singapore: Recall of ‘Goods’ banana cake from Malaysia over food additive issue
-A+A SINGAPORE (July 2): The presence of sorbic acid exceeding the maximum limit stated in the Singapore Food Regulations has been detected in "Goods" banana [more]
Govt implements various measures to address cost of living issue — PM
KUALA LUMPUR (July 2): The government is implementing short-, medium- and long-term measures to address the cost of living issue, said Prime Minister Datuk Seri [more]
IPO-bound Thai firm aCommerce aims for net profitability latest by 2025
aCommerce’s founder and group CEO Paul Srivorakul IPO-bound Southeast Asian e-commerce enabler aCommerce is aiming to become a profitable business within the next 24-36 months, [more]
Two Tencent VPs step down, to focus on company’s e-book, banking affiliates
FILE PHOTO: WeChat mascots are displayed inside Tencent office at the TIT Creativity Industry Zone in Guangzhou, China May 9, 2017. REUTERS/Bobby Yip/File Photo Two [more]
Euro May Be About to Drop Below Parity Against the US Dollar: Top Trading Opportunities
The Euro stabilized in the second quarter - pausing a downtrend in play since December 2020 - as ECB officials finally signaled a readiness to [more]
GoTo seeks path to profitability as Gojek co-founder Kevin Aluwi steps back
Kevin Aluwi A co-founder of one-half of merged Indonesian superapp GoTo has stepped away from day-to-day management, as the company struggles to turn a profit [more]
China’s Great Wall Motor shelves plans to invest $1b in India
China’s Great Wall Motor has shelved plans to invest $1 billion in India and laid off all employees at its operations there after failing to obtain regulatory approvals, three sources with direct knowledge of the [more]
Heartening to see more women in entry-level roles, they can be VC leaders tomorrow: Venturi Partners MD Rishika Chandan
Startups in Southeast Asia and India have a glaring gender disparity issue. However, they may still have the edge over the venture capital (VC) firms [more]
Ismail Sabri: Only one camp in UMNO
KUALA LUMPUR (July 2): Prime Minister Datuk Seri Ismail Sabri Yaakob has refuted allegations that there were two camps in UMNO, saying there is only [more]
The Recession: It’s Here. Inflation Prognosis: Lower.
Equity investors just endured the worst first six months of any year since 1970. This occurred despite a "Bear Market" rally in May. For the [more]
Markets Had a Terrible First Half of 2022. It Can Get Worse.
The first six months were full of surprises, from surging inflation to a crypto implosion. Get ready for more shocks in the second half. Read [more]
Indonesia looks to raise palm oil export quota
JAKARTA : Indonesia proposed raising palm oil export quotas on Friday and is considering increasing mandatory levels of biodiesel in fuel mixes to prop prices [more]
All GLCs, GLICs need to appoint MTUC representatives as board members — PM
KUALA LUMPUR (July 2): All government-linked companies (GLCs) and government-linked investment companies (GLICs) need to appoint representatives of the Malaysian Trades Union Congress (MTUC) as [more]
MyCC says Celcom-Digi merger outside its purview
KUALA LUMPUR (July 2): The Malaysia Competition Commission (MyCC) said any telco merger is outside its purview. In a statement on Saturday (July 2), it [more]
MARC Affirms AAA/MARC-1 On F&N Capitals RM3 Billion IMTN And ICP Programmes
The affirmed ratings are driven by F&NHB's strong revenue generation from its well-established dairy and beverage lines in Malaysia and Thailand, as well as it's [more]
Gamuda Awarded RM1.9 Billion Contract For The Rasau Water Supply Scheme By Air Selangor
The RM1.968 billion contract will appoint Gamuda as the main contractor for the Rasau Water Supply Scheme where a total of 5 to 10 existing [more]
AmFirst Reit To Dispose Menara AmFirst At A Loss For RM62 Million
The building is located in Petaling Jaya will be sold to Forever Backup. Read More
Self-Inflicted Wounds: Dealing With The Powell Crash
The numbers are out. The first six months of 2022 have been one of the worst on record for financial assets. When investors receive their [more]
Berjaya Asset Appoints Dato Hisham Othman As CEO
Having been a Chief Executive Officer in various industries for many years, Dato' Hisham has valuable in-depth experience in property development Read More
Ringgit to trade around current level next week, OPR in focus
KUALA LUMPUR (July 2): The ringgit is likely to trade around the current level of between 4.40 and 4.41 versus the US dollar next week, [more]
Bursa likely to move lower to 1,430 level next week
KUALA LUMPUR (July 2): Bursa Malaysia will likely move on a downward trend next week, easing to 1,430 points from the current 1,450 points as [more]
How climate crisis stirred Hong Kong architect to launch lab-grown fish firm
Learning how pollution and overfishing are damaging marine ecosystems and how the nascent business of using stem cells to grow meat was gaining traction prompted [more]
