Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.
The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus Februar...

Outsourced semiconductor assembly and testing (OSAT) player Globetronics Technology Bhd is in the final stages of discussion with two prospective clients interested in leveraging advanced packaging technology.
“We are in finalisation stages to have two potential new customers initiate transfer of memory and automotive products, some of which will start in the second half of the financial year ending Dec 31, 2024 (FY20...

Gold prices edged up on Tuesday, hovering slightly below a record high as investors awaited the U.S. Federal Reserve's policy meeting minutes and key inflation data for cues on the timing and depth of interest rate cuts.
FUNDAMENTALS
* Spot gold was up 0.1 per cent at US$2,340.09 per ounce as of 0051 GMT, after hitting a record high of US$2,353.79 on Monday.
* U.S. gold futures edged 0.3 per cent higher to US$2,358.80 per ounce.
* The...

The Securities Commission Malaysia (SC) today issued the revised Guidelines on Conduct for Capital Market Intermediaries, aimed at elevating the standards of professionalism and integrity of capital market intermediaries (CMIs) in the industry.
It said the revised guidelines, among others, reinforce the role of a CMI’s board and senior management in inculcating a corporate culture that prioritises clients...

As the Easter holidays approach, higher cocoa prices mean shoppers are paying far more for their chocolate eggs and bunnies. But that’s just the tip of the iceberg.
Higher prices in stores now reflect increases in cocoa in 2023. Since then, the rally has gone into overdrive, and cocoa has more than doubled in price already this year, making it the world’s hottest commodity.
In just the last three weeks, wholesale beans in New York have jumped mo...

As an investor in South Malaysia Industries Berhad (SMI), I've watched closely and, frankly, with a growing sense of frustration. Today, I feel compelled to share my perspective, especially in light of recent developments that have only deepened my concerns.
It was just last Thursday, March 15th, 2024, when Honsin Apparel Sdn Bhd, under the Techbase Industries Berhad umbrella, voiced out what many of us have been silently pondering. The man...