Energy

Jakarta faces 20 million tonnes of coal shortfall

State electricity firm PT Perusahaan Listrik Negara (PLN) is short of 20 million tonnes of coal to meet its annual operational needs, even as the government has ordered producers to supply 190 million tonnes to shore up stocks, Energy and Mineral Resources Minister Bahlil Lahadalia says.

Corporate News

Canada’s US$43bil submarine choice: S. Korean or German make

South Korea's naval ambitions are facing their most significant overseas test yet as Hanwha Ocean vies for a deal that could be worth up to US$43bil.

Property

Chinese policies deliver uptick in property sales

The traditional spring home-buying season, which typically peaks in March and April, stretched into May this year as policy support and targeted demand in first-tier cities drove a notable pickup in sales, helping to restore market expectations, experts say.

Markets

Analysts upbeat on Chinese A-shares upward cycle 

Analysts expect a slower but more sustained market uptrend for China equities, supported by the economy's resilience, a more market-friendly policy backdrop, attractive valuations, improving corporate earnings and the prospect of fresh capital inflows.

Economy

S’pore growth forecast nudged down to 3.5%

Private-sector economists expect Singapore's economy to expand by 3.5% in 2026, just a tad weaker than their previous forecast of 3.6%, on slower growth in private consumption – a measure of spending by households on goods and services.

Corporate News

Walmart to revamp Beijing store presence

Walmart is reported to be planning a recalibration of its physical retail presence in Beijing through the introduction of a new generation of smaller-format stores, signalling a strategic shift in response to the country's rapidly evolving retail landscape.

Insight

Trillion-dollar meme stocks are here. Be ready

During the Covid-19 pandemic, meme mania swept through the United States stock market, short-squeezing and shuttering high-profile hedge funds.

Corporate News

Aramco seeks billions of dollars, plans to sell assets

Saudi Aramco is considering the sale of a stake in its sulphur business, three sources with knowledge of the matter tell Reuters, extending a strategy of tapping its infrastructure assets to raise tens of billions of dollars.

Corporate News

IJM’s TOD initiative to widen its footprint

IJM Corp Bhd's latest transit-oriented development (TOD) initiative is expected to strengthen its presence in the Klang Valley property market, while advancing its strategy of pursuing quicker project monetisation through developments linked to public transport infrastructure.

Markets

Largest Brazil credit manager buys into debt selloff

Itau Asset Management is increasing holdings of corporate debt across sectors including utilities, fitness chains and car rental companies, taking advantage of wider spreads that followed a bout of turmoil in Brazil's credit market.

Energy

Trump’s govt to pay US$765mil to scrap four wind leases

The Trump administration says it will pay US$765mil to power project developer Invenergy to terminate four wind leases off the coasts of New York, California and Maine.

Corporate News

EcoWorld Malaysia inches closer to FY26 sales target

Eco World Development Group Bhd (EcoWorld Malaysia) has recorded RM3.28bil in sales during the first seven months of financial year 2026 (FY26), achieving 82% of its full-year sales target of RM4bil.

Economy

Fed holds rates steady, officials split over hikes

US Federal Reserve (Fed) officials have left interest rates unchanged and are split over whether they expect to raise rates this year.

Markets

Default shakes a US$80bil corner of Muni Market

More than two decades after Wall Street started pumping out a new type of bonds – those backed by the legal-settlement payments governments receive from cigarette companies – one batch has finally been driven into a default.

Economy

G7 forms critical minerals alliance to cut reliance

Group of Seven (G7) leaders agree to step up coordination to cut their countries' reliance on China for critical minerals, including plans to align stockpiling and launch a new platform with a bigger role for the International Energy Agency.

Economy

Consumer picks hold firm

The consumer sector is expected to remain resilient through the second half of 2026 (2H26), although rising cost pressures and softer spending momentum are likely to weigh on profitability and temper earnings growth across the industry.

Corporate News

Sum Technology jumps on ACE Market debut

Sum Technology Bhd has posted a strong start on its ACE Market debut, opening at 40 sen – a premium of 12 sen, or 42.9% – over its initial public offering (IPO) price of 28 sen.

Insight

SPACs are back, thanks to Wall Street’s mega-IPO frenzy

Special-purpose acquisition companies (SPACs) are making a comeback.

Markets

FBM KLCI ends higher

The FBM KLCI ended marginally higher on Thursday after giving up most of its intraday gains, while weakness in the broader market underscored cautious investor sentiment.

Economy

Global green economy tops US$10 trillion

The green economy – the business lines of global listed companies that generate revenue from climate solutions – now boasts a record high market value of US$10 trillion.