News
Malaysia spends RM11. 2 bil on RON95 subsidies in eight months since targeted roll-out
6+ hour, 18+ min ago (313+ words) KUALA LUMPUR (June 25): Malaysia has spent RM11. 2 billion subsidising the widely used RON95 petrol over eight months since the roll-out of its targeted subsidy approach. The Ministry of Finance said fuel consumption among about 14 million eligible citizens has reached a total of…...
Malaysia's vehicle sales down to 61, 250 units in May
5+ day, 20+ hour ago (187+ words) KUALA LUMPUR (June 19): Malaysia's new vehicle sales fell in May amid long festive holidays though automotive firms expect sales to rebound in June. Total industry volume came in at 61, 250 units in May, a decline of 12% year-on-year and 15% month-on-month, according to…...
China sets sights on heavy truck electrification in blow to diesel demand
1+ week, 2+ day ago (429+ words) BEIJING (June 15): China rolled out a push to electrify heavy trucks, a policy that is likely to accelerate a shift away from diesel that is cutting into fuel demand even as it creates new opportunities for domestic truck and electric…...
Tan Chong Motor, Public Bank, TMK Chemical, Batu Kawan, Paragon Union, Mi Tech, Mesiniaga, Scanwolf, Farm Fresh, Silver Ridge, Samaiden, Reach Ten
1+ week, 5+ day ago (953+ words) The Edge Malaysia KUALA LUMPUR (June 12): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday: Shareholders of Tan Chong Motor Holdings Bhd (KL: TCHONG) have rejected two proposed recurrent related-party transaction…...
US summer driving season hits as gasoline supplies squeezed tight
1+ week, 5+ day ago (696+ words) NEW YORK (June 12): US vacationers are barreling into peak summer driving season just as the gasoline market faces a supply crunch, with resilient domestic demand and surging fuel exports threatening to strain thin inventories and send pump prices climbing. Surging…...
China learns to live on less fuel, to the relief of oil markets
1+ week, 6+ day ago (695+ words) (June 11): Three months into the Iran war, the oil market is coming to grips with an unexpected new reality: China, the world's largest importer, needs much less fuel than previously thought. Gasoline sales at Sinopec, which runs China's biggest network…...
BYD chairman says firm to be world's biggest automaker in five years as shares slide
2+ week, 22+ hour ago (351+ words) SHANGHAI (June 10): Wang Chuanfu, the chairman of'BYD, on Tuesday said he expects the Chinese firm to become the world's largest automaker within five years, as he sought to reassure investors following a steep decline in the company's share price. BYD,…...
Volvo eyes US$3 bil autonomous truck business in five years
2+ week, 16+ hour ago (294+ words) (June 10): Volvo AB expects revenue from autonomous transportation to approach US$3 billion (RM12. 21 billion) within five years after starting driverless operations on US highways in a few months. Robo-trucks are set to start driving in the US during the first quarter,…...
XPENG new X9 electric MPV debuts in Malaysia, priced from RM279, 888
2+ week, 18+ hour ago (471+ words) KUALA LUMPUR (June 10): Bermaz Xpeng Sdn Bhd has launched the XPENG New X9, a fully imported seven-seater electric multi-purpose vehicle (MPV), with prices starting from RM279, 888 in West Malaysia. The new X9 is now open for booking nationwide and is offered in three…...
140 years: Malaysia's place in the Mercedes-Benz story
3+ week, 16+ hour ago (42+ words) The Edge Malaysia Mercedes-Benz Cars Malaysia's CEO and President Martin Schulz talks legacy, the S-Class, and why Malaysia is more than just a market, as the brand marks its 140th anniversary....