Business Services

Disney to begin 7,000 job layoffs this week

Disney chief executive officer Bob Iger confirmed in a memo to employeesy yesterday morning that the layoffs will come in…

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Bursa Malaysia rises on positive Wall Street performance

A positive performance on Wall Street overnight helped lift Bursa Malaysia in opening trades this morning.

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Khazanah Nasional records RM1.6bil profit in FY22

Khazanah Nasional Bhd recorded a higher profit from operations of RM1.6 billion in the financial year 2022 (FY2022) compared with…

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PETRONAS records earnings of RM101.6bil in FY22

After delivering record-breaking profits and a higher-than-expected dividend of RM50bil in 2022, Petroliam Nasional Bhd (PETRONAS) has warned about a…

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Volkswagen picks Canada for new battery plant

Washington’s massive subsidies for electric vehicles under President Joe Biden’s landmark action plan have been extended in Canada.

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South Korea monitoring impact from Silicon Valley Bank crisis: Finance minister

Top financial officials met on Sunday to discuss the collapse, the biggest bank failure since the 2008 financial crisis, the…

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Fiscal Responsibility Act a must for good governance of public finances, says Rafizi

On Feb 24, Prime Minister Anwar Ibrahim, during the tabling of the revised Budget 2023, reaffirmed that the government will…

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Apple and Foxconn efforts win labour reforms to advance Indian production plans – FT

The legislation led to introduction of laws that now allows 12-hour shifts, as well as night-time work for women, similar…

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PETRONAS in energy transition cooperation

In a statement, PETRONAS said the initiatives include potential collaboration in green and blue hydrogen and fuel ammonia development, carbon…

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Tesla cuts prices of Model S and Model X variants in US – website

Tesla Inc has cut prices of its Model S and Model X vehicles in the United States, its website showed,…

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Toblerone: Swiss rules mean chocolate bar to drop Matterhorn from packaging

The pyramid-shaped bar, which mirrors the Alpine peak, will undergo a labelling revamp and include its founder's signature, its maker…

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Rafizi’s nasi lemak vending machine idea runs into problems

At the Cempaka LRT station in Kuala Lumpur, an orderly line of men and women wait for their turn at…

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Pharmaniaga’s RM552mil vaccine provision sinks Boustead’s Q4 results

Boustead Holdings Bhd’s 52%-owned subsidiary Pharmaniaga Bhd blew a huge hole in its parent’s financials after it suffered a RM402.3…

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PPI grows 1.35% year-on-year in January

The producer price index (PPI) for local production, which measures prices of goods at the factory gate, grew at a…

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Maybank’s FY2022 net profit increases to RM8.23 bln

Malayan Banking Bhd's (Maybank) net profit for the financial year ended Dec 31, 2022 (FY2022) rose 1.7 per cent to…

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