Latest
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Economy
Japan's exports beat forecast in May on strong chip demand
TOKYO: Japan's exports rose for a ninth straight month in May, data showed on Wednesday, as solid semiconductor-related demand continued to offset a blow from major supply disruptions caused by the U.S.-Israeli war with Iran.
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Commodities
Oil hits 3-month low on Hormuz reopening hopes
Oil prices fell about 5% for a second day in a row to a three-month low on Tuesday as details emerged of an interim deal to end the war in the Middle East and reopen the Strait of Hormuz, including an agreement to allow Iran to sell oil.
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Markets
Nasdaq, S&P 500 slip while Dow hits record close
The Nasdaq Composite and the S&P 500 finished lower on Tuesday under pressure from technology stocks, while the Dow Jones Industrial Average marked its second straight record close and SpaceX rallied to become the fifth-most valuable US company.
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Corporate News
Sum Technology profit growth trajectory intact
ACE Market-bound Sum Technology Bhd's earnings growth is expected to gain traction, given the group's niche positioning within the cleanroom and mission-critical engineering space, says MBSB Research.
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Markets
Investor confidence surges in state fund
State asset fund Danantara's inaugural international bond offering, which was three times oversubscribed, reflects growing confidence in Indonesia's economic outlook and the fund's investment strategy, according to Danantara chief executive officer Rosan Roeslani.
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Economy
Indonesian exporters face rising credit risks, Fitch warns
Local commodity exporters are facing heightened credit risks as new regulations mandate single-door export arrangements through state-owned PT Danantara Sumberdaya Indonesia (DSI), a subsidiary of state asset fund Danantara, according to a Fitch Ratings report.
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Economy
Iran deal eases fears for South Korea’s export-driven economy
The United States and Iran's agreement to end their war and reopen the Strait of Hormuz raises hopes in export-dependent South Korea of a normalisation of global energy supplies and a resumption in shipments by vessels stranded for months in the Persian Gulf.
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Markets
Stricter rules for corporate bond issuance
The government has introduced a new regulatory framework governing private corporate bond offerings in the domestic market and bond issuance in overseas markets, with stricter requirements on the use of proceeds and greater accountability for issuers.
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Economy
Thailand eyes 2026 GDP forecast revision as war risks cool
Deputy Prime Minister and Finance Minister Ekniti Nitithanprapas says an end to the Middle East war would be a strongly positive signal for both the global and Thai economies, as the world would move into recovery mode.
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Insight
How realistic is tokenised real estate in Malaysia?
"Tokenisation will transform real estate and make it liquid. It will democratise home ownership forever!"
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Corporate News
Optimistic outlook for Kerjaya Prospek Group
Analysts are mostly positive on Kerjaya Prospek Group Bhd's resilient growth, given the property developer's capability to expand its client portfolio, with contract replenishment remaining on track.
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Corporate News
Sino-Pakistani tyre maker makes landmark debut in Pakistan
A joint Sino-Pakistani tyre manufacturer debuted on the Pakistan Stock Exchange (PSX), a move that market participants described as the first listing by a Chinese-invested company on the country's bourse and a milestone in the integration of industrial and financial cooperation between China and Pakistan.
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Markets
US bond markets soar on prospects of peace
Treasuries mostly advanced as investors dialled back expectations for Federal Reserve (Fed) interest rate hikes following news of a deal to halt the Iran war.
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Economy
Australia central bank holds key rate as economy softens
Australia's central bank has kept its key interest rate unchanged for the first time this year in response to signs that its trio of hikes are beginning to weigh on the nation's economy.
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Insight
Digital banking – the next frontier
Across the world, customer expectations of banking are shifting rapidly. What was once a transactional utility has become a primary enabler of lifestyle and business goals.
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Auto
Perodua EV repricing might ramp up sales
Perodua's repricing of its QV-E electric vehicle (EV) and the introduction of an outright purchase option could help drive demand for the model, says Hong Leong Investment Bank (HLIB) Research.
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Telcos
Telcos expected to deliver steady earnings growth
The telecommunications sector is expected to deliver steady earnings growth despite lingering concerns over 5G wholesaler Digital Nasional Bhd (DNB), with analysts maintaining a "neutral" stance while favouring selected operators with stronger earnings visibility and cost-saving catalysts.
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Commodities
Wall Street majors cut oil forecasts on deal to reopen Hormuz Strait
Wall Street's biggest banks are cutting their oil price forecasts for the coming quarters, as optimism grows over a revival of Middle East crude output following an interim deal to reopen the Strait of Hormuz.
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Corporate News
Vantris turnaround on track on balance sheet strength
BIMB Securities Research remains positive on Vantris Energy Bhd, saying the group's turnaround story remains intact as it moves closer to exiting its Practice Note 17 (PN17) status following two consecutive profitable quarters and a significantly improved balance sheet.
