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LAST_UPDATESat, 23 Jun 2018 9pm

Tan Chong Wins Exclusive Distributorship For King Long Coaches, Buses In Malaysia

KUALA LUMPUR -- Tan Chong Motor Holdings Bhd (TMCH), through its subsidiary TC Trucks Sales Sdn Bhd (TCTS), has secured the sole and exclusive distributor rights for China-based Xiamen King Long United Automotive Industry Co Ltd’s coaches and buses in Malaysia.

Read more: Tan Chong Wins Exclusive Distributorship For King Long Coaches, Buses In Malaysia

Bursa Malaysia Ends At Over 15-Month Low

KUALA LUMPUR -- Bursa Malaysia gave up earlier gains to slip into the red in late trade, closing at over 15-month low on last-minute selling.

Read more: Bursa Malaysia Ends At Over 15-Month Low

Saudi Struggles For Gulf Oil Producers' Support Ahead Of OPEC Meeting

Pic: Reuters

VIENNA: Saudi Arabia is struggling to reach a unified position with fellow Gulf crude producers on the need to raise oil output, sources familiar with the talks said on Wednesday, adding to complications ahead of an OPEC meeting this week.

Read more: Saudi Struggles For Gulf Oil Producers' Support Ahead Of OPEC Meeting

Change Of Guard And Privatisation Rumour Turn Spotlight On Astro

ASTRO Malaysia Holdings Bhd, a pay-television operator owned by media-shy billionaire T Ananda Krishnan, has been in the news in the past two weeks.

Read more: Change Of Guard And Privatisation Rumour Turn Spotlight On Astro

Grab Sees Minimal Effect From SST On Pricing

Pic: ReutersKUALA LUMPUR: Ride hailing services provider, Grab Malaysia, does not expect its pricing to be largely affected once the Sales and Services Tax (SST) comes into force on Sept 1, 2018 to replace the Goods and Services Tax (GST).

Read more: Grab Sees Minimal Effect From SST On Pricing

June 20: Ringgit Rebounds To 3.9 Level Against US Dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar this morning, reversing yesterday’s losses.

Read more: June 20: Ringgit Rebounds To 3.9 Level Against US Dollar

June 20: Bursa Snaps Losing Streak, Opens Higher

KUALA LUMPUR: Bursa Malaysia snapped an eight-day losing streak to open higher today as bargain-hunting took place.

Read more: June 20: Bursa Snaps Losing Streak, Opens Higher

Starbucks Closing Cafes; CEO Calls Performance 'not Acceptable'

Pic: ReutersStarbucks Corp forecast on Tuesday slower sales growth than Wall Street expected this quarter and plans to close about 150 U.S. cafes next fiscal year to boost performance, sending its shares down 2 percent after hours.

Read more: Starbucks Closing Cafes; CEO Calls Performance 'not Acceptable'

Hackers Hit South Korean Cryptocurrency Exchange Bithumb, Bitcoin Falls

Pic: ReutersSEOUL: South Korean cryptocurrency exchange Bithumb said 35 billion won ($31.5 million) worth of virtual coins were stolen by hackers, the second local exchange to suffer the fate in just over a week as cyber thieves exposed high risks of trading the digital asset.

Read more: Hackers Hit South Korean Cryptocurrency Exchange Bithumb, Bitcoin Falls

Bursa Snaps Eight-day Losing Streak

Pic: ReutersKUALA LUMPUR: Bursa Malaysia snapped an eight-day losing streak to open higher today as bargain-hunting took place.

Read more: Bursa Snaps Eight-day Losing Streak