Nation

M'sia not selling oil to Asean members as it still imports 400,000 barrels daily, says Johari

CEBU: Malaysia does not sell oil to other Asean member states as the country is still importing about 400,000 barrels of crude oil per day, says Datuk Seri Johari Abdul Ghani.

Nation

MetMalaysia issues level one hot weather alert for three states

KUALA LUMPUR: The Malaysian Meteorological Department (MetMalaysia) on Thursday (May 7) issued a Level One hot weather status, or alert category, for two areas in Peninsular Malaysia involving Kelantan and Pahang, as well as one area in Sabah.

Technology

Amazon's Prime Video to invest at least 90 million euros in 2026 in local production, regulator says

PARIS, May ⁠7 (Reuters) - Amazon's Prime Video will ⁠invest at least 90 million ‌euros ($105.95 million) in European video and movie production in French language this ​year, the French telecoms ⁠regulator said on ⁠Thursday.

Technology

Datadog raises annual forecast on strong cloud security demand, shares jump 36%

May 7 (Reuters) - Cloud security ⁠firm Datadog on Thursday raised its annual forecast after ⁠beating Wall Street expectations for first-quarter results, fueled by ‌high demand for its cloud security products amid rising artificial intelligence adoption.

Technology

EPAM Systems raises annual profit forecast on strong IT service demand

May 7 (Reuters) - EPAM Systems ⁠on Thursday raised its annual profit forecast, after ⁠beating quarterly profit estimates, on strong demand for ‌its software services amid sustained spending by companies on artificial intelligence technology enhancement.

Technology

Meta challenges UK regulator over online safety fees, fines

LONDON, May 7 (Reuters) - Facebook ⁠and Instagram owner Meta is challenging Britain's media regulator Ofcom over how fees and ⁠penalties under the Online Safety Act are calculated, London's High Court heard on Thursday.

Nation

Govt mulls 'Option to Purchase' clause to curb abandoned housing projects

KUALA LUMPUR: Putrajaya is looking at introducing an "Option to Purchase" (OTP) clause to prevent the occurrence of sick and abandoned housing projects, says Nga Kor Ming.

South Korea

South Korea to extend ban on petroleum hoarding for another two months

SEOUL: (Bernama-Yonhap) South Korea will extend its ban on hoarding petroleum products for another two months amid continued supply concerns stemming from the standoff in the Middle East. Yonhap News Agency reported, citing Finance Minister Koo Yun-cheol Thursday.

Thailand

Thailand, Cambodia eye practical steps to restore trust, says PM Anutin

BANGKOK: Prime Minister and Interior Minister Anutin Charnvirakul says talks with Cambodian Prime Minister Hun Manet were constructive, with Thailand and Cambodia agreeing to build trust, preserve peace and seek mutual gains.

Banking

Extended OPR pause signals confidence in Malaysia’s economic resilience

KUALA LUMPUR: Bank Negara Malaysia's (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent for a sixth consecutive Monetary Policy Committee (MPC) meeting reflects growing confidence in the resilience of Malaysia's domestic economy despite mounting global uncertainties, economists said.

Arts

Weekend for the arts: 'Tekat' exhibition, KL Fest - Spill The Ink!, Tagore Fest

A list of arts and culture events to check out in the Klang Valley this weekend and beyond

Entertainment

HK star Liza Wang sparks concern after appearing unsteady, needing support from husband Law Kar Ying

Fans hope the actress was merely experiencing temporary fatigue and that there was nothing seriously wrong with her condition.

Football

Soccer-Algeria turn to 'retired' goalkeeper after injuries deplete World Cup choices

May 7 (Reuters) - Algeria face a goalkeeping crisis ⁠for the World Cup that they are hoping to alleviate with the return of a ⁠player from retirement.

Philippines

Philippines declare holidays in Cebu, Mandaue cities for Asean Summit

MANILA: (Bernama-PNA) President Ferdinand R. Marcos Jr. has expanded the earlier May 6 to 8 holiday declaration to cover two additional cities in Cebu to ensure the smooth and successful conduct of the 48th Asean Summit and Related Meetings in the province, Philippine News Agency (PNA) reported

World

Congo president raises prospect of third term and vote delay, angering opposition

KINSHASA, May 7 (Reuters) - Democratic Republic ⁠of Congo President Felix Tshisekedi said he was open to standing for a third term, angering ⁠opposition politicians who accused him of planning to break through mandate limits in the constitution ‌and cling to power.

World

Ukraine's top peace negotiator arrives in Miami for talks

KYIV, May 7 (Reuters) - ⁠Ukraine's top negotiator, Rustem Umerov, has arrived in Miami for a series ⁠of meetings with U.S. representatives as peace talks on ending Russia's war in ‌Ukraine have stalled in recent months. 

Nation

Anwar holds bilateral talks with S'pore, Laos counterparts

CEBU: Prime Minister Datuk Seri Anwar Ibrahim held bilateral meetings with his counterparts from Singapore and Laos on the sidelines of the 48th Asean Summit and Related Meetings Thursday (May 7).

Markets

Reneuco to be delisted from Bursa Malaysia

PETALING JAYA: Practice Note 17 (PN17) company Reneuco Bhd will be delisted from the official list of Bursa Malaysia on May 12, after its appeal for a further extension of time to submit the regularisation plan was dismissed.

Sabah & Sarawak

Cops nab man suspected in teen girl slashing

KOTA KINABALU: Police have arrested a man suspected of being linked to the slashing of a teenage girl on her neck at the Nosoob area of Penampang earlier Thursday (May 7).

Business

Asean may involve private sector in oil stockpiling framework, says Johari Ghani

CEBU: ASEAN may consider bringing in the private sector to help realise the newly-mooted oil stockpiling framework aimed at strengthening the region's long-term energy security and preparedness.