BusinessToday | Malaysia's Premier Business News Portal

BMW Shares Slide 8% After China Weakness and Iran...

Business Today Editorial - June 17, 2026

BMW shares dropped around 8% in early Frankfurt trading after the German automaker issued a profit warning late Tuesday, citing weaker demand in China and the economic fallout from...

Markets

Chinese Yuan Edges Higher Against The Dollar On Strong...

Editor - June 17, 2026

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 12 pips to 6.8096 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade...

Markets

Dollar Dips As Warsh’s Fed Debut Looms, Markets Hold...

Business Today Editorial - June 17, 2026

The dollar traded on the defensive on Wednesday as markets turned cautious ahead of the Federal Reserve’s first policy decision under newly appointed Chair Kevin Warsh, with investors weighing...

Markets

SpaceX Surges Ahead Closing In On Amazon US$3 Trillion...

Editor - June 17, 2026

SpaceX surged again on Tuesday, briefly topping both Amazon and Microsoft as the rocket maker's market value approached $3 trillion. As of Tuesday's close at $201.68, SpaceX was valued at...

Markets

Singapore Stocks Open Firm With Financials In The Lead

Business Today Editorial - June 17, 2026

Singapore shares opened firmer, with the benchmark Straits Times Index (STI) rising 32.22 points, or 0.63%, to 5,149.08 in early trade. As of 9.14am, the local bourse recorded 138 gainers...

WCT Appoints Country’s First CIDB Female Chief To Board

Editor - June 17, 2026

WCT Holdings Berhad has appointed Puan Zainora Zainal as an Independent Non-Executive Director of the company, effective 16 June 2026. The developer of Paradigm Mall said Zainora, 60, brings more...

News

Scanwolf Corp Accepts RM75 Million LOA For 74 Storey...

Editor - June 17, 2026

Scanwolf Corporation Berhad announced that its wholly-owned subsidiary, Scanwolf Trading & Construction Sdn. Bhd., has accepted a Letter of Award (LOA) from Hallson Construction Sdn. Bhd. for piling and...

News

EPF Increases Stake In IOI Properties By Acquiring 5.56...

Editor - June 17, 2026

The Employees Provident Fund Board has increased its shareholding in IOI Properties Group Berhad following the acquisition of 5.56 million shares in the property developer. The pension fund acquired a...

News

LAC Med Secures RM78 Million Medical Goods Supply Contract

Editor - June 17, 2026

LAC Med Berhad announced that it had secured a RM78.9 million contract for the supply and delivery of reagents with related items for pathology...

News

EPF Cuts Stake In CTOS Digital After Disposal Of 12 Million Shares

Editor - June 17, 2026

The Employees Provident Fund Board has disposed of 12.18 million shares in CTOS Digital Berhad, reducing its direct shareholding to 449.43 million shares. Following the...

News

Diesel Price Drops 30 sen, RON97 And RON95 Unchanged Despite Oil Dipping Below US$80

Editor - June 17, 2026

The retail price of diesel in Peninsular Malaysia will drop by 30 sen to RM4.37 per litre for the week of June 18 to...

Global

Emirates Fined For Mishandling Passenger Health Data

Editor - June 17, 2026

Italy's data protection authority said on Wednesday it had fined the Emirates airline €180,000 ($208,890) for the allegedly unfair handling of health data of...

Global

G7 Calls For Lebanon Truce While Welcoming US-Iran Agreement On War

Business Today Editorial - June 17, 2026

Leaders of the Group of Seven (G7) have called for an immediate ceasefire in Lebanon while welcoming a developing agreement aimed at ending the...

ASEAN

ASEAN-Russia Trade Roadmap A “Good Start” But Execution Key, Anwar

Business Today Editorial - June 17, 2026

The finalisation of the ASEAN-Russia Strategic Programme on Trade and Investment Cooperation 2026-2035 marks an important step forward in bilateral economic relations but requires...

Global

Oil Markets Brace For 2027 Surplus As Middle East Supply Gradually Recovers

Business Today Editorial - June 17, 2026

The global oil market is set to recover gradually from the disruption caused by the closure of the Strait of Hormuz before shifting into...

News

Rain Clouds Moves To East Coast After Klang Valley Downpour

Business Today Editorial - June 17, 2026

The Malaysian Meteorological Department (MetMalaysia) has expanded its thunderstorm and heavy rain warning to cover several additional states across Peninsular Malaysia and East Malaysia,...