Perniagaan

Credit : Bernama Images KUALA LUMPUR, Feb 3 – Bursa Malaysia rebounded, with the FBM KLCI rising 3.4 points to 1,557.03 after US President Donald Trump paused proposed tariffs on Mexico and Canada. Despite this relief, market sentiment remains cautious over a potential US-China trade war. Investors are shifting to safe-haven assets like gold, which […]

PETALING JAYA, Feb 2 – The Trump administration’s proposed 100% tariffs on BRICS nations could hurt Malaysia’s economy, particularly its semiconductor sector, warned former MP Charles Santiago. With over 200 US semiconductor firms operating in Penang, these tariffs could increase production costs, force companies to relocate, and lead to job losses. Economist Yeah Kim Leng

SIBU,  – Trade between China and Malaysia has reached an all-time high of US$212.04 billion in 2024, marking 16 consecutive years of China being Malaysia’s largest trading partner, said China’s Consul-General in Kuching, Xing Weiping. Speaking at a Chinese New Year gathering officiated by Premier Tan Sri Abang Johari Tun Openg, Xing highlighted the surge

PETALING JAYA: Sabah Finance Minister Masidi Manjun has suggested that high operating and maintenance costs may have influenced Petronas’ decision to decommission the Sabah-Sarawak Gas Pipeline (SSGP). The 500km pipeline, which runs from Kimanis, Sabah to Bintulu, Sarawak, was built in 2011 for over RM4 billion but has faced persistent geohazard risks and soil movements,

SAN FRANCISCO: Intel posted a fourth-quarter net loss of US$126 million, marking a sharp decline from a US$2.67 billion profit in the same period last year. Revenue fell 7% to US$14.3 billion, slightly surpassing analyst expectations. Despite the struggles, Intel’s stock rose 2% in after-hours trading, as interim co-CEO Michelle Johnston Holthaus highlighted positive signs,

SAN FRANCISCO: Meta reported a staggering 59% increase in net income to $62.36 billion for 2024, with fourth-quarter profits jumping 49% to $20.84 billion. Revenue surged 22% to $164.5 billion, driven by a rise in ad prices and impressions across Facebook, Instagram, and WhatsApp. CEO Mark Zuckerberg outlined plans for massive AI infrastructure investments, projecting

Credit : Bernama Images NEW YORK: Boeing posted a $3.9 billion fourth-quarter loss, bringing its full-year deficit to $11.8 billion, marking its sixth consecutive year of losses. However, shares rose 1.5% as investors focused on signs of improvement under new CEO Kelly Ortberg. The US aviation giant faced setbacks from a seven-week labor strike, reduced

Credit : Bernama Images NEW YORK: Nvidia led a tech stock rout yesterday as Chinese startup DeepSeek unveiled a low-cost generative AI model, shaking confidence in American dominance in the burgeoning AI industry. DeepSeek’s chatbot, developed for just $5.6 million, rivaled US models costing billions, becoming the top-rated free app on Apple’s US App Store.

TOKYO: Shares of Mitsubishi Motors fell by nearly 9% on Friday following reports that the automaker may opt out of the planned merger between Honda and Nissan. The proposed merger, announced last month, aims to create the world’s third-largest automaker to accelerate advancements in electric vehicles (EVs) and self-driving technology, competing with Tesla and Chinese

Credit : Bernama Images KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has emphasized inclusivity and sustainability as key pillars for Malaysia and Asean’s resurgence, advocating for shared prosperity that leaves no one behind. Under Malaysia’s Asean chairmanship, Anwar reaffirmed the bloc’s commitment to the Asean centrality principle, allowing free cooperation with major global powers