News
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VS Industry hires PwC Consulting to review labour practices
KUALA LUMPUR: VS Industry Bhd has appointed PwC Consulting to independently review its labour practices for migrant workers, it said on Friday. Read full story
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SpaceX chief Elon Musk 'highly confident' his Starship will reach orbit this year
LOS ANGELES: Elon Musk said on Thursday he was “highly confident” his new SpaceX Starship, designed for voyages to the moon and Mars, will reach Earth orbit for the first time this year, despite a host of technical and regulatory hurdles yet to be overcome. Read full story
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Oil prices slip on hot US inflation concerns, set for weekly fall
BEIJING: Oil prices eased on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and investors await the outcome of U.S.-Iran talks that could lead to increased global crude supply. Read full story
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MBAM asks Govt to consider postponing minimum wage, electricity tariff hike
KUALA LUMPUR: Master Builders Association Malaysia (MBAM) has asked the government to consider postponing the implementation of minimum wage and electricity tariff hike for the next two years to accommodate the industry’s stability and capability. Read full story
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KLCI’s uptrend continues for the third consecutive day
KUALA LUMPUR: The FBM KLCI has maintained its uptrend for the third straight day on continuous buying momentum, supported by the positive market sentiment. Read full story
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Higher GDP, FDI point towards economic recovery in 2022
GEORGE TOWN: The growing momentum of gross domestic product (GDP) and foreign direct investment (FDI) registered in 2021 are pointing towards an economic recovery year for Malaysia this year. Read full story
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Icon Offshore secures US$9.6mil contract from ConocoPhillips Sarawak
KUALA LUMPUR: Icon Offshore Bhd has secured a contract worth US$9.6mil from ConocoPhillips Sarawak Limited and Conocophillips Sarawak Oil Limited (collectively Conocophillips Sarawak) for the provision of a jack-up rig. Read full story
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Tropicana inks strategic partnership with PowerChina
KUALA LUMPUR: Tropicana Corp Bhd has entered into a strategic partnership with Powerchina International Group Limited (PowerChina) to kickstart the development of Tropicana Paradise in Genting Highlands. Read full story
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Celcom, Maxis, Digi accepts MCMC's spectrum assignment offers
KUALA LUMPUR: Celcom Axiata, Maxis and Digi Telecommunications have accepted the offer from the Malaysian Communications and Multimedia Commission (MCMC) for spectrum assignment. Read full story
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CIMB: Processing error involves limited number of customers
KUALA LUMPUR: CIMB Group Holdings Bhd today reiterated that the processing error impacting its customers last month was related to a specific third party financial remittance service, involving a limited number of customers that undertook international to local transfers only. Read full story
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