BUSINESS
Local & World Business News
BUSINESS
US consumer inflation hits 3-year high fuelled by Iran war
The consumer price index (CPI) rose 3.8% year-on-year in April, up from March’s 3.3% figure.
World Business
BUSINESS
Australian miner Fortescue to pay US$108mil to Indigenous group
BUSINESS
South Korea floats AI profit social tax as tech giants boom
The technology investor is expected to benefit from its growing OpenAI investment, though concerns are increasing over the debt it is taking on to fund it.
Over 40% of Asia-Pacific families are transferring wealth to the next generation, with 72% of heirs turning to professionals for support.
Signals from Washington indicate broad approval of Japan’s moves to prop up the yen through market intervention.
The government is considering whether to slightly reduce the quota of subsidised fuel for Malaysians to manage demand.
Local Business
BUSINESS
Bursa rebounds to close higher on bargain-hunting in blue chips
BUSINESS
Petronas LNG, MISC sign 20-year deal for 5 new carriers
If the project still fails to attract a suitable strategic partner, PDC will review all options, including its financial position, project viability, and market conditions.
The government is considering whether to slightly reduce the quota of subsidised fuel for Malaysians to manage demand.
The main index advances 7.48 points to 1,752.79 amid expectations of spillover buying interest.
The local unit inches up to 3.9200/3.9300 as markets await the release of US consumer price index data.