KUALA LUMPUR (Nov 30): Malaysia's Royal Commission of Inquiry (RCI) affirmed that Bank Negara Malaysia (BNM) incurred RM31.5 billion worth of foreign exchange (forex) losses due to the central bank's forex dealings in the 1990s.

According the RCI's report, the commission alleged that BN...

Malaysia RCI affirms Bank Negara's RM31.5b forex loss

PUTRAJAYA (Sept 19): Chairman Tan Sri Mohd Sidek Hassan of the Royal Commission of Inquiry (RCI) into the 1990s foreign exchange (forex) scandal refused to retract his conclusion that RM31.5 billion was lost due to the central bank's forex trading at the time, which he came to on the first day of...

Forex probe RCI chief refuses to retract early conclusion of RM31.5b lost

PUTRAJAYA (Sept 19): The Royal Commission of Inquiry (RCI) into the 1980s to 1990s foreign exchange (forex) scandal drew to a close without calling its final witness, former Auditor-General Tan Sri Ishak Tadin, who served between 1986 and 1994.

The panel excused Ishak, 85, from testifyi...

RCI panel draws to a close, final witness unable to testify

PUTRAJAYA (Sept 19): The absence of two key witnesses' statements, former Bank Negara Malaysia (BNM) governor — the late Tan Sri Jaffar Hussein, and ex-Auditor-General Tan Sri Ishak Tadin, pose huge gaps in evidence over the Royal Commission of Inquiry into the 1980s to 1990s foreign exchange sca...

Absence of two key witnesses pose gaps in RCI evidence, say Anwar's counsels

PUTRAJAYA (Sept 18): Former Bank Negara Malaysia (BNM) governor the late Tan Sri Jaffar Hussein was engaged in currency speculation, not manipulation, said Tun Dr Mahathir Mohamad.

"Jaffar did not manipulate the currency trading but he miscalculated. He miscalculated the Maastricht Trea...

Tun M says late BNM governor Jaffar miscalculated, not manipulated, forex trading

PUTRAJAYA (Sept 18): Tun Dr Mahathir Mohamad, speaking on Bank Negara Malaysia's forex loss in the 1990s, said there would have been no reason for then finance minister Datuk Seri Anwar Ibrahim to have doubted the audited accounts of the central bank.

"[At the time], Anwar explained the...

MoF will accept audited BNM accounts, no reason to suspect foul play — Tun M

PUTRAJAYA (Sept 18): Former Prime Minister Tun Dr Mahathir Mohamad said that he was only aware RM5.7 billion worth of foreign exchange (forex) losses suffered by Bank Negara Malaysia (BNM) in the early 1990s and not RM30 billion.

“If I had known the losses was RM30 billion, I would not ...

 I was only aware of RM5.7 bil forex losses, not RM30 bil, says Tun M

PUTRAJAYA (Sept 18): Former finance minister Tun Abdul Daim Haji Zainuddin told the Royal Commission of Inquiry (RCI) that he was not aware of any policy changes by Bank Negara Malaysia (BNM) with regards to its approach to foreign exchange (forex) trading after 1985.

"I was not informe...

I was not informed of BNM's forex trading policy changes in 1980s, Tun Daim says

KUALA LUMPUR (Sept 18): The sale of shares in Tenaga Nasional Bhd (TNB) and Telekom Malaysia Bhd (TM) by Bank Negara Malaysia (BNM) in the 1990s to cover the foreign exchange (forex) losses it suffered was to be done discreetly, the Finance Ministry's former deputy finance secretary Datuk Othman ...

BNM's share sale to cover forex losses instructed to be done 'discreetly', RCI told

PUTRAJAYA (Aug 30): Both former prime minister Tun Dr Mahathir Mohamad and then finance minister Datuk Seri Anwar Ibrahim were informed of Bank Negara Malaysia's foreign exchange (forex) trading losses that amounted to some RM30 billion in the early 1990s, the Royal Commission of Inquiry investig...

'Dr M, Anwar informed of forex losses totalling RM30b'

PUTRAJAYA (Aug 29): Bank Negara Malaysia (BNM)'s Accounts Department did not make any adjustments to the central bank's accounts book to cover up any foreign exchange (forex) losses that may have occurred between 1989 and 1994, a former manager of the department testified today.

Ishak I...

BNM's Accounts Department didn't make adjustments to accounts book to cover up forex losses, RCI told

PUTRAJAYA (Aug 30): Bank Negara Malaysia (BNM) former deputy governor Tan Sri Lin See-Yan claims former BNM governor the late Tan Sri Jaffar Hussein admitted that the latter had led the central bank into a "mess", due to the regulator's alleged foreign exchange (forex) losses in the 1990s.

...

Lin See-Yan on BNM ex-governor Jaffar's parting words: 'I got the bank into this mess'

PUTRAJAYA (Aug 30): Malaysia's Royal Commission of Inquiry (RCI) was told today that Bank Negara Malaysia (BNM) former governor Tan Sri Jaffar Hussein had instructed central bank officials to take a second look at the regulator's accounts, as he was initially shocked to learn about BNM's alleged ...

BNM former governor Jaffar shocked to learn about forex loss, RCI told

PUTRAJAYA (Aug 30): The Malaysian Royal Commission of Inquiry was told today that former Bank Negara Malaysia (BNM) governor, the late Tan Sri Jaffar Hussein, was an "honourable" man, although "too trusting of forex officers".

"Jaffar was an honourable, well-intentioned man. But he was ...

Late BNM governor 'too trusting of forex officers', RCI told

The yen swung sharply from the day’s low to near its high amid jittery trading in the wake of the Bank of Japan’s decision to keep monetary policy unchanged.

Yen swoons in jittery trading in wake of BOJ standing pat

NatWest Group plc beat earnings estimates in the first quarter (1Q) as lending and deposits increased while customers started to feel more confident.

NatWest beats estimates on growing customer confidence

KUALA LUMPUR (April 26): Malaysia’s export prices grew 1.7% to 149.8 points in March from 147.3 points in February, while import prices saw a marginal uptrend of 0.1% from 129.9 points to 130.0 points, said the Department of Statistics Malaysia (DOSM).

DOSM: Malaysia’s export, import prices increase 1.7%, 0.1% in March 2024

The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market.

Stocks face worst month since September, yen swings after BOJ

Hong Kong and China stocks extended gains on Friday, with the Hang Seng Index logging its best week since October 2011, as sentiment recovered further after strategists from global investment houses upgraded their views on Chinese shares.

Hong Kong stocks notch best week in more than 12 years; China attracts record inflow 

Investors pulled a net US$218 million (RM1.04 billion) from US bitcoin exchange-traded funds, one of their worst daily outflows as demand for risky investments takes a knock from fading hopes for Federal Reserve interest-rate cuts.

US bitcoin ETFs suffer one of their worst outflows as digital token wavers

Anglo American rejected rival miner BHP Group's £31.1 billion pound (RM186 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects.

Anglo American rejects BHP's US$39b takeover proposal 

Nomura Holdings, Japan's biggest brokerage and investment bank, reported on Friday a 670% jump in quarterly net profit compared to a year earlier as its retail and investment banking income rose to their highest levels in eight years.

Nomura 4Q net profit jumps almost eightfold on retail income surge

It's taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show.

Huawei's smart car tech offers automakers route to China sales

Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report alleging that the government is planning to issue a licence for a casino in Forest City, Johor, to take necessary action against the foreign news agency.

Anwar wants action taken against Forest City casino licence news report

The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.

e-Filing: Tax return form submission deadline extended to May 15 for non-business taxpayers

Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.

Berjaya Corp denies participation in talks to revive Forest City casino resort

Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.

Maxis could lead second 5G network roll-out with new consortium partner, says RHB Research

Analysts believe Capital A Bhd's proposed restructuring plan will help the group exit the Practice Note 17 (PN17) status and enhance its competitiveness, as well as provide benefits to AirAsia X Bhd's (AAX) shareholders in terms of free warrants and improved company valuation post restructuring.

Analysts positive restructuring plan will uplift Capital A's PN17 status, benefit AirAsia X shareholders

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds four entities to Investor Alert List, two being potential clones

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

ViTrox shares on pace for worst day in 18 months as 1Q disappoints

The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.

Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

Asia’s richest banker loses US$1.2 bil after RBI ban

Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.

YTL Corp eyeing to extend upside movement, says RHB Retail Research 

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.

Fahmi: 5G adoption rate almost 36%, coverage 80.3%, second network unveiling next week

RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

VS Industry poised to continue bullish trajectory, says RHB Retail Research 

The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack technology and features once considered premium into electric vehicles (EVs) as cheap as US$20,000 (RM95,525) — less than half the cost of an average new car in the US, now more than US$48,000.

Battle for 'tech luxury' in China as EVs get smarter — and cheaper

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.

MACC officer says Najib given ample opportunity to elaborate while statements were recorded

The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

Tesla fires back at investor who doesn’t want pay fight in Texas

Pavilion Real Estate Investment Trust rose to its highest in more than a month&nbsp;after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.

Pavilion REIT climbs over one-month high, analysts say earnings growth on track

European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.

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