Latest
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Nation
‘We could only watch helplessly’
KUALA LUMPUR: “We could only watch helplessly as he slowly faded away.”
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Corporate News
CELEBRATING 50 YEARS OF ACCLAIM
FIFTY years ago, he was a child with a milk bottle in his mouth, clad in shorts, bustling around the office of the family’s old home.
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Corporate News
VinFast’s ambitions get mighty reality check
A 65% slide in VinFast Auto Ltd’s stock this year underlines the challenge faced by the electric vehicle (EV) maker backed by Vietnam’s richest man.
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Corporate News
Nomura targets 20% revenue growth from global markets business
Nomura Holdings Inc is targeting 20% revenue gains for its global markets unit over the next few years as the Japanese brokerage moves past the Archegos Capital Management scandal with new initiatives to spur growth, according to the business head.
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Corporate News
Pekat unit in talks for stake in power solutions firm
Pekat Group Bhd’s wholly owned subsidiary Pekat Teknology Sdn Bhd has entered into negotiations with Apex Power Industry Sdn Bhd for the potential acquisition of equity in EPE Switchgear (M) Sdn Bhd.
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Corporate News
AmBank and CGC to provide an additional RM400mil in SME financing
AmBank Group has announced an additional RM400mil in financing under the SME Portfolio Guarantee Scheme guaranteed from Credit Guarantee Corp Malaysia Bhd (CGC).
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Metro News
Informative, fun activities for folk
ENGROSSED in the exploration of the solar system, eight-year-old Mohd Ali Fawaz Mohd Farith was in a world of his own as he sat with a virtual-reality (VR) headset on.
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Corporate News
Sapura Energy gets contracts worth US$1.8bil
Sapura Energy Bhd’s joint venture entities, Seabras Sapura Holding GmbH and Seabras Sapura Participacoes SA, have been awarded contracts worth US$1.8bil for its six multi-purpose pipe-laying support vessels (PLSVs), as part of a Petrobras tender process.
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Corporate News
Shell committed to Malaysia mobility ops
Global oil major Shell says it remains “committed to the mobility business” in Malaysia, after a report that it was in talks with Saudi Aramco to sell its petrol stations in the country.
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Corporate News
MAG inks partnership with Youth and Sports Ministry
The Malaysian Aviation Group Bhd (MAG) is tying up with the Youth and Sports Ministry to synergise efforts to advance sports development nationwide.
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Metro News
Greater JB agenda bolstering growth
JOHOR-BASED developers are seeing positive impacts and good growth prospects in the property market under the Greater Johor Baru (Greater JB) agenda.
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Technology
Microsoft readies new AI model to compete with Google, OpenAI
Microsoft is training a new, in-house artificial intelligence (AI) language model large enough to compete with those from Alphabet’s Google and OpenAI, The Information reports.
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Economy
Green production, trade will help wood industry
Vietnam Timber and Forest Products Association (Viforest) general secretary Ngo Sy Hoai says that the wood industry needs to pay attention to green production and trade to increase exports.
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Corporate News
Princeton Digital gets green loan for Asia AI hub
Princeton Digital Group secured a US$280mil green loan to help finance a US$1.5bil data centre it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.
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Property
Prices of HDB resale flats climb in April
Prices of Housing and Development Board (HDB) resale flats climbed 0.9% in April, and more units were sold as the market picked up following a dip the month before.
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Corporate News
KLK takes swift action to address labour report
Kuala Lumpur Kepong Bhd (KLK) has temporarily suspended the arrival of 140 Nepali workers into Malaysia amid allegations of unethical recruitment practices.
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Corporate News
Dayang on course for strong performance this year
Dayang Enterprise Holdings Bhd’s earnings prospects are expected to remain solid, underpinned by strong work orders and better vessel utilisation.
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Corporate News
Tasco’s diversity provides strong growth prospects
Integrated logistics player Tasco Bhd remains attractive for its diversified business segments, giving it solid cash flow generation and strong growth prospects and healthy dividend yields.
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Thailand
Thai police arrest American fleeing 25-year jail term
Police have arrested an American who fled a 25-year jail sentence in the United States for kidnapping, sex trafficking and other crimes, officers said.