Business
Keep yourself informed about the latest business news, trends, and analyses with Business News. Our team of investigative journalists provides in-depth coverage of the world of business.
Shady Scheme used to Siphon RM1 Billion from YHN Property Bhd
Delve into the alleged shady scheme used by the Yu Syndicate, controlled by Yu Kuan Chon and Yu Kuan Huat, to siphon RM1 billion from YNH Property BHD through joint ventures involving 18 dead or frozen projects.
Malaysia consumer sector expected to remain robust
The Malaysian consumer sector is expected to remain robust, driven by strong domestic demand and improved supply chain operations. Despite potential headwinds like inflation and declining consumer sentiment, businesses adapting to customer needs may successfully navigate the market landscape.
EU to mobilise RM47bil for Asean investments
The European Union announces a €10 billion investment package for ASEAN countries, focusing on green transition, sustainable connectivity, and development across energy, transportation, digitalization, and education sectors. This initiative marks 45 years of cooperation between the two regions.
EU approves new sanctions against Russia over Ukraine war
The European Union has agreed on a new round of sanctions targeting Russia over its ongoing war in Ukraine, with plans to finalize the package through diplomatic channels and increase economic pressure.
IBM partners with new chipmaker Rapidus to make up lost ground
IBM collaborates with Rapidus, a new Japanese government-backed chipmaker, to develop cutting-edge semiconductor technology. This partnership aims to help Japan regain its competitive edge in chip production amid global technological tensions and supply chain challenges.
Bursa Malaysia announces 21 additions to F4GBM index constituents
Bursa Malaysia announces 21 new additions to the FTSE4Good Bursa Malaysia (F4GBM) Index, increasing total constituents to 98. The index, launched in 2014, tracks companies with strong environmental, social, and governance (ESG) principles, reflecting a growing focus on sustainable investing in Malaysia.
Global semiconductor equipment sales to hit record US$108.5bil this year
[The Semiconductor Equipment Manufacturers Industry (SEMI) predicts global semiconductor manufacturing equipment sales will hit US$108.5 billion in 2022, surpassing the previous record of US$102.5 billion in 2021. Front-end and back-end categories are expected to drive growth, though sales are projected to decline to US$91.2 billion next year.]
US banks warn of recession amid rising inflation
According to CEOs, the largest US banks are preparing for a poorer economy next year as inflation threatens consumer demand.
Jamie Dimon, the chief executive...
EU eyes Russian officials, banks, industry for sanctions.
The European Union is proposing travel bans and asset freezes on over 200 Russian politicians and military officers. The European Commission's recommendations target political parties, regional governors, and government ministers involved in actions against Ukraine.
Asia stocks edge up despite global growth worries.
- Asian stocks show modest gains amid concerns about global economic slowdown and Federal Reserve interest rate hikes. Hong Kong and China markets rise, while Australian and Japanese indexes decline, reflecting investor sentiment and ongoing economic challenges.
