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ECONOMY

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  • ECONOMY

FMM Warns Rising Freight, Fuel Costs from West Asia Tensions May Hit Malaysian Prices

El Sky Media8 months ago8 months ago05 mins

KUALA LUMPUR, March 17, 2026 — The Federation of Malaysian Manufacturers (FMM) has raised concerns that escalating geopolitical tensions in…

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  • BUSINESS
  • ECONOMY

Hartanah Kenyalang’s 1Q26 Net Profit Drops 64% Despite Positive Sarawak Infrastructure Outlook

El Sky Media8 months ago8 months ago04 mins

KUALA LUMPUR, March 17, 2026 — Hartanah Kenyalang Bhd recorded a significant drop in net profit and revenue for the…

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  • ECONOMY

The Malaysian ringgit rallies to its strongest level in weeks, supported by improved global sentiment, oil market developments, and a weaker US dollar

El Sky Media8 months ago8 months ago04 mins

KUALA LUMPUR, March 17, 2026 — The Malaysian ringgit surged to RM3.9195 per US dollar today, reflecting growing investor confidence…

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  • ECONOMY

Gold Falls Below US$5,000 Per Troy Ounce for First Time Since Late February Amid Market Uncertainty

El Sky Media8 months ago8 months ago04 mins

MOSCOW — Global gold prices retreated on Monday, slipping below US$5,000 per troy ounce for the first time since late…

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  • ECONOMY

Oil Shock Hits Fragile Economy Amid Rising Tensions

El Sky Media8 months ago8 months ago01 mins

Kuala Lumpur — The U.S. economy is under pressure as global oil prices surge, affecting inflation and slowing growth, according…

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  • ECONOMY

Malaysian Palm Oil Prices Rise for Second Session, Reach RM4,582 Per Tonne

El Sky Media8 months ago8 months ago05 mins

KUALA LUMPUR — Malaysian palm oil futures climbed for a second consecutive trading session, with prices reaching RM4,582 per tonne,…

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  • ECONOMY

Ringgit Edges Up Against Regional Currencies but Slips Versus US Dollar Amid Rising Middle East Tensions

El Sky Media8 months ago8 months ago03 mins

KUALA LUMPUR — The Malaysian ringgit closed higher against several regional currencies on Friday but slipped slightly against the US…

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  • ECONOMY

Malaysia Makes Dairy History with First Bulk Fresh Milk Export to Singapore

El Sky Media8 months ago8 months ago04 mins

SEREMBAN, March 13 — Malaysia has achieved a significant milestone in its agricultural and dairy sector after successfully exporting locally…

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  • ECONOMY

Meta Plans Major Layoffs as Mark Zuckerberg Pushes Ambitious AI ‘Superintelligence’ Vision

El Sky Media8 months ago8 months ago05 mins

SAN FRANCISCO, March 14 — Meta Platforms is reportedly planning sweeping layoffs as the company restructures its workforce to support…

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  • ECONOMY

AI Boom Drives Economic Growth but Slows Job Creation, Experts Warn

El Sky Media8 months ago8 months ago04 mins

Kuala Lumpur, The rapid adoption of artificial intelligence is reshaping the global economy, boosting productivity while raising concerns about slower…

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