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Markets

Southeast Asia stocks rise as trading resumes; South Korean equities retreat from peak

Stock markets across major Southeast Asian countries rose on Tuesday as trading resumed after a long weekend, while South Korean equities pulled back from record highs following a sharp rally in recent sessions.

AI

AI unearths football talent beyond scouts' radar

Brazilian teenager Leo Veiga had almost given up on his dream of becoming a professional footballer when artificial intelligence helped him secure a spot in the youth ranks of an Italian club.

Nation

Penang unlikely to have concurrent polls with GE16, says CM

GEORGE TOWN: It is unlikely that Penang will hold its state election concurrently with the next general election, says Chief Minister Chow Kon Yeow.

World

Health officials oppose US plan to treat Ebola-exposed Americans overseas

June 1 (Reuters) - Healthcare officials ⁠in the U.S., including former Centers for Disease Control and Prevention ⁠officials, on Monday warned Congress against adopting a proposed policy ‌to treat Americans exposed to Ebola in Kenya or countries in the European Union.

Energy

Oil slips after Trump says talks with Iran are ongoing

Oil prices trended lower on Tuesday following the previous session's sharp gains as the market remained cautious about progress in U.S.-Iran peace talks.

Sabah & Sarawak

Sabah cops cripple scam syndicate with arrest of 57, mainly China nationals

KOTA KINABALU: Sabah police are believed to have crippled an online scam syndicate with the arrest of 57 suspects comprising mainly China nationals from a hotel in Labuan on Monday (June 1).

Sabah & Sarawak

Man dies after tree falls on car in interior Sabah

KOTA KINABALU: A 33-year-old man was killed by a falling tree while driving along the interior Sepulut-Kalabakan road on Monday (June 1) afternoon.

Technology

Amazon moves Prime Day to June, keeps it a four-day event

NEW YORK, June 2 (Reuters) - ⁠Amazon.com will host its annual Prime Day sales event from June 23 to June 26 after ⁠launching the event in July for the past five years, citing major holidays and sporting ‌events as factors in its decision.

Sabah & Sarawak

Sabah to begin probe into deviant Ahmadiyah Qadiani group

KOTA KINABALU: Investigations into the deviant Ahmadiyah Qadiani group will start on Wednesday, says state religious Exco Datuk Dr Mohd Arifin Mohd Arif.

Nation

Penang to tighten fire safety measures at old, heritage buildings

GEORGE TOWN: Penang will review possible measures, including strengthening compliance with fire safety requirements for old and heritage buildings, following the fire at the Odeon building on Jalan Penang here, which claimed the life of a Myanmar construction worker on Saturday (May 30).

Business

Trump administration proposes 25% tariff to punish Brazil over trade practices

WASHINGTON: The Trump administration has proposed a new punitive tariff of 25% on many imports from Brazil, after deciding its practices were unfair on a range of issues from digital trade to illegal deforestation, top trade official Jamieson Greer said on Monday.

Nation

Alleged 'Rames Gang' leader charged in Alor Setar

ALOR SETAR: A man believed to be the leader of the "Rames Gang", which is allegedly involved in organised crime activities, was charged at the Sessions Court here on Tuesday (June 2).

Nation

Four family members killed in Johor crash laid to rest

DUNGUN: Four family members, including a 10-year-old girl, who were killed in a five-vehicle crash on Jalan Johor Bahru-Ayer Hitam in Simpang Renggam, Johor on Monday (June 1), were laid to rest on Tuesday (June 2) morning.

Economy

Indonesia May inflation picks up to 3.08% y/y

JAKARTA: Indonesia's annual inflation rate quickened to 3.08% in May from 2.42% the previous month, data showed on Tuesday, lifted closer to the top end of the central bank's target range by rising prices of food and transport.

AseanPlus News

New Zealand Prime Minister vows to keep nuclear-free stance

WELLINGTON: Prime Minister Christopher Luxon (pic) said New Zealand will maintain its nuclear-free stance, distancing himself from comments by the nation's defence minister that a conversation about the decades-old policy would be helpful.

Football

Soccer-Iniesta takes first coaching job at second-tier UAE club

June 2 (Reuters) - Former ⁠Barcelona and Spain player Andres Iniesta has ⁠been appointed head coach of Gulf ‌United, the United Arab Emirates second-tier club said.

AseanPlus News

Australia says its wheat output will be shrunk by Iran conflict costs, dry weather

CANBERRA: Australia's upcoming wheat harvest will be the smallest in three years, as high fertiliser costs and dry conditions in some areas reduce planting and yields, the government said on Tuesday (June 2).

World

Cambodia launches UN-backed process to settle maritime dispute with Thailand

BANGKOK, June 2 (Reuters) - Cambodia said on Tuesday ⁠it had launched a compulsory conciliation process under international law aimed at resolving a long-running maritime boundary dispute with ⁠Thailand and had informed the United Nations and Bangkok.

Nation

Oslo obliged to speed up missile deal refund, says Khaled

KOTA TINGGI: Malaysia has urged Norway to help expedite a refund for the cancelled missile procurement deal, with Defence Minister Datuk Seri Mohamed Khaled Nordin insisting that Oslo cannot absolve itself of responsibility.

Forex

China's yuan hits 3-year high; investors eye Mideast peace talks

SHANGHAI: China's yuan inched firmer to hit a more than three-year high against the dollar on Tuesday, but gains were capped as investors cautiously evaluated Middle East peace talks.