TNB issues RM4b sustainability Sukuk Wakalah

KUALA LUMPUR, May 29 — Tenaga Nasional Bhd (TNB) has issued RM4 billion worth of Sustainability Sukuk Wakalah under its Sukuk Wakalah Programme. In a Bursa Malaysia filing

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Bursa Malaysia ends lower as late selling hits blue chips

KUALA LUMPUR, May 29 — Bursa Malaysia reversed earlier gains to close marginally lower on Friday, pressured by late selling in blue-chip stocks as investors turned cautious amid

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India forecasts monsoon rains at 11-year low in 2026, threatening crops and growth

MUMBAI, May 29 — India forecast an El Nino-weakened monsoon in 2026 that will bring the lowest rainfall in 11 years, fuelling concerns over crops, food prices and

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IJM Corp profit falls to RM3.24m in FY2026 despite higher revenue growth

KUALA LUMPUR, May 28 — IJM Corporation Bhd’s net profit dipped to RM3.24 million for the financial year ended March 31, 2026 (FY2026), from RM403.37 million in the

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Yoga pants giant Lululemon’s new CEO inherits US$1.8b war chest to revive brand after bitter feud

Incoming CEO Heidi O’Neill inherits $1.8 billion cash for potential brand turnaround Analysts say Lululemon must regain North American shoppers and expand overseas Investors cautious as leadership transition

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IOI Properties profit jumps over four times to RM1.95b on stronger sales and Singapore expansion

KUALA LUMPUR, May 28 — IOI Properties Group Bhd’s net profit surged more than fourfold to RM1.95 billion for the first nine months of FY2026, driven largely by

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Temu hit with €200m EU fine for failing to tackle illegal and unsafe products

BRUSSELS, May 28 — The European Union (EU) has imposed a fine of €200 million (US$232 million) on the Chinese e-commerce giant Temu for offering illegal products on

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Geopolitical jitters in West Asia push ringgit lower against US dollar at close

KUALA LUMPUR, May 28 — The ringgit closed lower against the US dollar on Thursday as escalating geopolitical tensions in West Asia increased demand for the greenback amid

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Americans can now use PayPal in China after Tencent integrates it with WeChat Pay network

BEIJING, May 27 — US PayPal users can ‌now make purchases across China using WeChat Pay’s QR-code merchant network, Tencent Financial ‌Technology said today, adding the service will

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Geely-owned Volvo wins US approval to continue selling ‘connected’ vehicles

WASHINGTON, May 27 — Volvo Cars, majority owned by China’s Geely Holding, said today it received approval from the US government allowing it to continue selling vehicles. In

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