Business is war.
Bursa Malaysia Bhd reported a net profit of RM63.85 million for the third quarter ended September 30, 2025, down from RM85.74 million in the same period a year earlier. Revenue fell to RM179.90 million from RM211.26 million. Total comprehensive income dropped 25.3 percent to RM63.4 million. The securities market segment earned RM93.8 million, a 22.4…
Volkswagen posted its first quarterly loss in five years, reporting a €1.07 billion deficit from July through September. The drop marks the German automaker’s worst result since the second quarter of 2020, when pandemic shutdowns disrupted global operations. The company blamed rising U.S. tariffs and major setbacks at its Porsche unit. Porsche’s shift to electric…
Gold demand reached a record high in the third quarter as geopolitical tensions pushed prices to all-time peaks, according to the World Gold Council. Total demand rose 3 percent year-on-year to 1,313 tonnes between July and September, the highest volume since the council began tracking data about 25 years ago. Central bank purchases and investor…
Aquawalk Group Bhd plans to raise RM114.3 million through its initial public offering ahead of its listing on Bursa Malaysia’s ACE Market on November 19, 2025. The company will allocate RM89.77 million of the proceeds for capital expenditures, RM14.94 million for working capital, RM3 million for upgrading its information technology systems, and RM7 million to…
Labor productivity grew in most Malaysian states in 2024, with six states exceeding the national rate of 2.4 percent, according to the Department of Statistics Malaysia. Those states were Pahang, Johor, Kuala Lumpur, Melaka, Selangor, and Sarawak. Chief statistician Datuk Seri Mohd Uzir Mahidin reported that national labor productivity reached RM99,265 per worker in 2024,…
Allianz Malaysia Bhd opened a new branch in Penang on Saturday, expanding its reach in the northern region. The branch is located in a heritage double-story bungalow on Jalan Sultan Ahmad Shah in George Town, replacing its former site on China Street. The 9,000-square-foot space includes three training rooms, more service counters, and private consultation…
Universal Music Group has signed a new licensing agreement with YouTube, marking its third major “Streaming 2.0” deal after similar pacts with Spotify and Amazon. Announced during UMG’s Q3 earnings call on October 30, the deal covers both recorded music and publishing across all of YouTube’s music services. Chairman and CEO Sir Lucian Grainge said…
Universal Music Group reported third-quarter 2025 revenues of €3.021 billion ($3.53 billion), a 10.2 percent increase year-over-year at constant currency. Adjusted EBITDA rose 11.6 percent to €664 million ($775 million), with a margin of 22 percent. Recorded Music revenue reached €2.223 billion ($2.59 billion), up 8.3 percent. Subscription streaming grew 8.7 percent to €1.178 billion…
Berlin-based entertainment company umn has completed its first major acquisition, partnering with Kobalt to secure the publishing rights and authors’ share of German songwriting duo Peter Plate and Ulf Leo Sommer. The deal, described as Germany’s largest music rights transaction to date, covers their entire catalog—including work as the pop act Rosenstolz, hits for artists…
YouTube’s ad revenue rose 15 percent year-over-year in the third quarter of 2025, reaching $10.26 billion—the highest third-quarter total ever. Alphabet CFO Anat Ashkenazi attributed the growth to direct response advertising, followed by brand advertising. The company’s subscriptions, platforms, and devices segment, which includes YouTube Premium, YouTube Music, and YouTube TV, posted a 21 percent…
