Thai Q4 GDP contraction and weaker outlook firm case for rate cut
BANGKOK: Thailand's economy unexpectedly contracted in the fourth quarter of 2023 from the third with policymakers downgrading the outlook for…
Oil drops as sticky US inflation heightens demand concerns
SINGAPORE: Oil prices fell as investor attention returned to the demand outlook after reports of higher producer prices in the…
Public Bank buys Vietnam-based capital market firm for RM72.55mil
KUALA LUMPUR: Public Bank Bhd (PBB) is acquiring the entire charter capital of RHB Securities Vietnam Co Ltd from RHB…
Foreign direct investment in China slumps to 30-year low
BEIJING: Foreign businesses’ direct investment into China last year increased by the lowest amount since the early 1990s, underscoring challenges…
Ringgit ends easier against US dollar
KUALA LUMPUR: The ringgit ended lower against the US dollar on Monday on lack of buying demand, amid cautious trading…
Better gaming earnings forecast for 4Q23
PETALING JAYA: As investors look ahead to the fourth-quarter 2023 (4Q23) corporate results, the gaming sector is set for a…
OpenAI in investor deal valuing it at US$80bil
San Francisco: OpenAI has concluded a deal with investors that reportedly values the California start-up at US$80bil or more, after…
Positive outlook for banking sector
PETALING JAYA: Despite enjoying an earnings recovery, valuations of local banks are currently hovering close to Covid-19 pandemic levels, which…
Value unlocking initiatives stand MRCB in good stead
PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) project pipeline is expected to start materialising in 2024 as the group benefits…