Latest
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Cryptocurrency
Are non-dollar stablecoins profitable?
MEET Datuk X: An ambitious entrepreneur who plans to launch a stablecoin, peg it to the ringgit, and expect the market to fawn.
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Corporate News
Robust demand to sustain Texchem’s uptrend
PETALING JAYA: This year is shaping up to be a stronger one for Texchem Resources Bhd.
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Aviation
Dubai Airport passenger traffic drops by 66%
DUBAI: Dubai International Airport, the world's busiest international hub, reports a 66% drop in passenger numbers in March as the United States and Israeli war on Iran severely disrupts air traffic across the Middle East.
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Markets
Investors hedge against emerging market debt
NEW YORK: Strategists and investors are turning to hedging and relative value trades as a rally in emerging market bonds looks increasingly disconnected from the looming impact of the ongoing conflict in the Middle East.
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Economy
BoT braces for uneven economic shock
BANGKOK: Thailand's economy is confronting a substantial "shock" as global volatility from the unresolved Middle East war feeds through to slower growth and rising inflation.
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Economy
Indonesia’s motorcycle makers welcome new EV subsidies
JAKARTA: Industry players have welcomed plans to reinstate purchasing subsidies for electric two-wheelers as the government looks to reduce reliance on imported fossil fuels that have become increasingly costly amid ongoing tension in the Middle East.
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Technology
Indonesia positions itself for the next wave of agentic AI
JAKARTA: Indonesia is poised for an era of growth in the global artificial intelligence (AI).
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Banking
US-Iran war weighs on Asia-Pacific lenders’ outlook
HONG KONG: Asia-Pacific's main lenders will offer diverging paths navigating the fallout of the Iran war, with HSBC Holdings Plc and Westpac Banking Corp more exposed than Singaporean peers.
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Commodities
Opec+ crude output boost is symbolic, but it still matters
IT is easy to dismiss the agreement by the seven remaining members of the the Organisation of the Petroleum Exporting Countries and its allies (Opec+) group of crude oil exporters to increase output for a third straight month in June as merely symbolic.
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Markets
Young investors shift towards equities
SINGAPORE: Young investors in Singapore are turning their attention to the local market as they look for stability amid global market uncertainty.
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Banking
Bright outlook for banks on higher profitability
PETALING JAYA: Analysts have retained their "overweight" stance on Malaysian banks, premised on potential re-rating catalysts of higher capital market-related income and improvement in net interest margins.
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Corporate News
AI spending splits Big Tech fortunes
NEW YORK: The world's biggest technology companies posted strong earnings last week, showing that the artificial intelligence (AI) boom is alive and well.
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Economy
Most Brits likely to cut back on staycations after tax
LONDON: The vast majority of British families would cut back spending on domestic vacations if the government pushes ahead with a proposed tourism tax, according to a survey, as consumers grapple with a rise in the cost of living.
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Economy
US jobs report expected to show resilience
NEW YORK: The energy shock from the Iran war may be casting a shadow over the outlook for the US economy, but the labour market is yet to register any signs of it.
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Corporate News
Dialog expected to gain from potential tankage capacity transfer to S-E Asia
PETALING JAYA: Dialog Group Bhd is an immediate beneficiary of higher oil prices and tight base oil supplies as a consequence of the ongoing war in the Middle East.
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Economy
RHB indicator points to steady 2Q26 GDP growth, no signs of slowdown
KUALA LUMPUR: RHB Bank Bhd's leading indicator suggests there is no evidence of a slowdown in Malaysia's Gross Domestic Product (GDP) growth in the second quarter of this year (2Q 2026) despite heightened geopolitical premiums.
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Corporate News
AGX Group's associate, All-Link Singapore, makes application for corporate exercise
KUALA LUMPUR: Logistics solutions provider AGX Group Bhd's associate company, All-Link Singapore, has submitted its application for a corporate exercise to the Singapore Exchange Securities Trading Ltd that will see AGX's effective equity interest in the company diluted from 30 per cent to about 23.2 per cent.
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Corporate News
XL unit to acquire 34 Giant Mini outlets for RM15mil
KUALA LUMPUR: XL Holdings Bhd's wholly-owned subsidiary, XL Retail Sdn Bhd, has entered into an asset purchase agreement to acquire the business assets of 34 "Giant Mini" outlets for RM15 mil.
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Corporate News
MISC bags 20-year FSRU contract from Petronas Gas
KUALA LUMPUR: MISC Bhd has secured a long-term contract from Petronas Gas Bhd (PGB) for the supply, operation and maintenance of a floating storage and regasification unit (FSRU).
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Corporate News
SCIB obtains shareholder approval for RM151.2mil disposal exercise
KUALA LUMPUR: Sarawak Consolidated Industries Bhd (SCIB) has obtained shareholder approval for a disposal exercise with a total potential value of RM151.19mil.
