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Keep yourself informed about the latest business news, trends, and analyses with Business News. Our team of investigative journalists provides in-depth coverage of the world of business.

US to send $3.75B in military aid to Ukraine, its neighbors

The United States is providing $3.75 billion in military aid to Ukraine and NATO's eastern allies. The package includes Bradley armored vehicles, anti-tank missiles, and funds to support Ukraine's military modernization efforts in response to ongoing Russian aggression.

Chile ratifies CPTPP, a big opportunity for Malaysian businesses: Tengku Zafrul

Chile's ratification of the CPTPP creates significant opportunities for Malaysian businesses, offering reduced tariff rates and easier market access across 11 Pacific Rim countries, according to Minister Tengku Zafrul Abdul Aziz.

Yu Syndicate Directors swindle RM800 million from Rapid Synergy

Discover how the Yu Syndicate, led by brothers Yu Kuan Chon and Yu Kuan Huat, allegedly swindled RM800 million from Rapid Synergy Shareholders through land scams involving Malaysian public companies YNH Property BHD and Rapid Synergy BHD.

Shady Scheme used to Siphon RM1 Billion from YHN Property Bhd

Delve into the alleged shady scheme used by the Yu Syndicate, controlled by Yu Kuan Chon and Yu Kuan Huat, to siphon RM1 billion from YNH Property BHD through joint ventures involving 18 dead or frozen projects.

Malaysia consumer sector expected to remain robust

The Malaysian consumer sector is expected to maintain robust performance, supported by strong domestic demand and improving supply chain operations. Despite challenges like inflation and potential recession concerns, businesses adapting to customer needs can successfully navigate the market. Commodity price stabilization and restocking ease are contributing to sector stability.

EU to mobilise RM47bil for Asean investments

The European Union and its member states are mobilizing €10 billion to support infrastructure investments in ASEAN countries. The initiative focuses on key sectors like energy, transportation, digitalization, and education, aiming to help South-East Asia transition to a green economy and improve economic opportunities.

EU approves new sanctions against Russia over Ukraine war

The European Union has agreed on a new round of sanctions against Russia, targeting the country's economic interests in response to its continued military aggression in Ukraine. The sanctions package was finalized after extensive discussions among EU member states.

IBM partners with new chipmaker Rapidus to make up lost ground

IBM is collaborating with Rapidus, a new Japanese government-backed chipmaker, to develop advanced semiconductor technology. This partnership comes amid global chip shortages and geopolitical tensions, with Japan seeking to regain its competitive edge in semiconductor manufacturing and secure critical technology for its automotive and IT industries.

Bursa Malaysia announces 21 additions to F4GBM index constituents

Bursa Malaysia has announced 21 new additions to the FTSE4Good Bursa Malaysia (F4GBM) Index, increasing total constituents to 98. The index, which tracks companies with strong environmental, social, and governance principles, continues its growth since launching in 2014, highlighting commitment to sustainable business practices.

Global semiconductor equipment sales to hit record US$108.5bil this year

The semiconductor equipment industry is set to achieve a record-breaking US$108.5 billion in sales for 2022, surpassing the previous year's US$102.5 billion. SEMI predicts continued growth in front-end and back-end manufacturing categories, despite an anticipated market decline to US$91.2 billion in 2023.