Latest
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Economy
Vietnam’s certificate of deposit rates keep rising
HANOI: While savings interest rates have shown signs of cooling down, the rates on certificates of deposit (CDs) have kept rising by 0.1 to 0.3 percentage points per year.
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Auto
Chinese carmakers overtake Japan in Europe
SHENZHEN: Chinese automakers outsold Japanese rivals in Europe for the first time over a full quarter, underscoring how quickly brands like BYD Co and Chery Automobile Co are gaining ground in the region.
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Corporate News
Palantir’s US$170 jacket shows S. Korea appeal
SEOUL: Palantir Technologies Inc has spent years selling governments and companies its data analytics. In South Korea, it's also selling US$170 windbreakers – and they are flying off the shelves.
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Corporate News
Solarvest to see gains amid RE push
PETALING JAYA: CIMB Research views Solarvest Holdings Bhd as a key beneficiary of Malaysia's renewable energy (RE) push.
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Corporate News
Unitrade gets Finnish waste tech licence
PETALING JAYA: Unitrade Industries Bhd said its 60%-owned subsidiary Winnson Ecotech Sdn Bhd has entered into a technology transfer and licensed manufacturing agreement with Molok Oy, a waste collection solutions specialist in Finland.
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Corporate News
Festive spending set to boost Pavilion-REIT profit
PETALING JAYA: Analysts are expecting a stronger fourth quarter ended Dec 31, 2026 (4Q26) relative to 3Q26 for Pavilion real estate investment trust (Pavilion-REIT), supported by year-end festivities and school holiday footfall, alongside steady contributions from hotels under the trust's master leases.
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Corporate News
Musk’s SpaceX closes US$40bil deal in AI push
NEW YORK: Elon Musk says SpaceX has closed a US$40bil debt deal to pay for the chips needed to fuel its artificial intelligence (AI) ambitions.
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Economy
Singapore minister sees limited impact from Indonesia gas supply cuts
SINGAPORE: Indonesia's move to cut gas exports to Singapore is unlikely to affect electricity prices significantly in the short term, as the reduction makes up less than 2% of the country's needs, according to Energy, Trade and Industry Minister Tan See Leng.
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Corporate News
TNB strengthens overseas green shift
PETALING JAYA: Tenaga Nasional Bhd's (TNB) strategic investment in its London-based wholly-owned subsidiary Vantage RE Ltd will further strengthen the utility giant's renewable energy (RE) diversification overseas, according to Hong Leong Investment Bank (HLIB) Research.
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Economy
Saudi Arabia to bolster Asian oil supply security
SINGAPORE: Saudi Arabia plans to store crude oil at Singapore's Jurong Rock Caverns from the second half of financial year 2027 (2H27) to strengthen supply security in the region, energy ministers from both countries say.
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Economy
Lula returns, markets brace for reality check
BRASILIA: Brazilian President Luiz Inacio Lula da Silva has won reelection on Sunday, defeating right-wing Senator Flavio Bolsonaro and setting up a test for financial markets, with investors expecting recent bets on a change of government to unwind in a volatile week ahead.
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Economy
Japanese companies compensate users amid cyberattacks
TOKYO: Japanese companies are moving to pay compensation to users following waves of cyberattacks that have disrupted Internet services and raised concerns about economic stability.
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Economy
China, Australia firms ink lubrication solutions deal
PERTH: Chinese and Australian partners have signed a cooperation agreement in Perth, Australia, to provide integrated lubrication solutions to local companies in the mining, engineering and construction sectors, as well as other fields, to support the development of local industry.
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Economy
Infrastructure to drive Hanoi banks’ profits
HANOI: The race to finance major infrastructure projects worth hundreds of billions of US dollars is opening up new opportunities for profit growth in the banking sector.
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Economy
Hung Yen unveils zones, corridors in city status aim
HUNG YEN: The northern province of Hung Yen is developing a socio-economic development plan based on three economic zones and two development corridors, with the aim of achieving double-digit economic growth and becoming a centrally governed city by 2030, chairman of the provincial People's Committee Nguyen Manh Quyen has said.
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Corporate News
Margin squeeze looms for Press Metal
PETALING JAYA: Press Metal Aluminium Holdings Bhd's earnings are expected to come under pressure in the second half of this year.
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Corporate News
Nextgreen fertiliser segment to underpin 2H earnings
PETALING JAYA: Nextgreen Global Bhd (NGGB) fertiliser segment is expected to drive earnings growth in the second half of financial year 2026 (2H26), supported by higher sales of its higher-margin NexBooster liquid fertiliser sales and continued deliveries of NexCompost powder fertiliser.
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Corporate News
Bright outlook for Sunway
PETALING JAYA: Sunway Bhd's upcoming third quarter of financial year 2026 (3Q26) results will be supported by its key subsidiaries, Sunway Construction Group Bhd and Sunway Healthcare Holdings Bhd, which are slated to deliver year-on-year (y-o-y) growth in net profit, says CGS International (CSGI) Research.
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Corporate News
Boycott calls yet to dent Oriental Kopi sales
PETALING JAYA: Oriental Kopi Holdings Bhd is expected to sustain its earnings momentum and expansion plans despite recent calls to boycott the Malaysian cafe chain over the language used in its menus, with overseas growth also set to widen its market reach.
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Investment
Brookfield to open Doha office to deepen Mideast reach
DOHA: Brookfield Asset Management Ltd is opening an office in Qatar, deepening its presence in the Middle East where many countries are grappling with the economic fallout from the war.
