Latest player: Toyota is joining the autonomous car arms race.
Energy
Brent crude was 1.77% higher to US$50.04 per barrel at 3.37pm.
Forex
Ringgit up 0.72% to 4.0712 versus the US dollar at 4.46p,.
Top foreign stories
Toyota to build artificial intelligence-based driving systems in 5 years: Toyota Motor Corp is targeting developing in the next five years driver assistance systems that integrate artificial intelligence (AI) to improve vehicle safety, the head of its advanced research division said. The Japanese automaker aims to improve car safety by enabling vehicles to anticipate and avoid potential accident situations. — Reuters
With oil price near US$50, resilient US shale producers eye new chapter: Two years into the worst oil price rout in a generation, large and mid-sized US independent producers are surviving and eyeing growth again as oil nears US$50 a barrel, confounding Opec and Saudi Arabia with their resiliency. — Reuters
IMF says Japan needs bold reforms to spark economic revival: The International Monetary Fund on Monday said the Japanese government’s quest to revitalise its economy faces a long slog in the absence of “bold” structural reforms, and urged Tokyo to move income policies and labour market reform to the forefront. — Reuters
Top local stories
Bina Puri unit wins RM73mil Rapid contract: Bina Puri Holdings Bhd
unit subsidiary has clinched a RM73mil contract for pipe sleeper and underground services of for the Package-22 Rapid project. — StarBiz
MAA Group venturing into manufacturing and education to diversify earnings: MAA Group Bhd is looking at venturing into manufacturing and education sectors to diversify its earnings stream. — StarBiz
Sunway unit Commercial Parade Sdn Bhd selling land in Penang to SunREIT: Sunway Bhd’s subsidiary is selling a piece of land measuring 13,306 sq m in Seberang Jaya, Penang, to Sunway Real Estate Investment Trust (SunREIT) for RM17.20mil cash. It expects to gain RM7mil from the sale of the land which is adjacent to Sunway Carnival Shopping Mall. — StarBiz
Samalaju Industrial Park draws RM25b investments: Samalaju Industrial Park in Bintulu, Sarawak, the biggest single industrial park in Malaysia, has attracted and approved 16 projects with a total investment of RM25.29 billion, said Sarawak State Secretary Tan Sri Mohamad Morshidi Abdul Ghani. — Bernama
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