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Business
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KUALA LUMPUR: Here is a recap of the news headlines from Corporate Malaysia.
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Technology
IBM nearing deal for cloud software provider HashiCorp, source says
(Reuters) -International Business Machines is nearing a deal to buy cloud software provider HashiCorp, according to a person familiar with the matter.
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Technology
AI boom to fuel natural gas demand in coming years, report says
(Reuters) - A spike in power usage from artificial intelligence (AI) data centers could significantly boost natural gas demand in the second half of the decade, analysts at investment banker Tudor Pickering Holt & Co said in a report on Tuesday.
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Nation
Wee: MCA not a hypocrite
PETALING JAYA: Those who criticise MCA for not campaigning for DAP in the Kuala Kubu Baharu by-election should remember that it was the latter that first insulted the party, says Datuk Seri Dr Wee Ka Siong.
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South Korea
Court hears children’s climate change case against govt
THE Constitutional Court has begun hearing a case that accuses the government of having failed to protect 200 people, including dozens of young environmental activists and children, by not tackling climate change.
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Indonesia
Jokowi and Gibran exit PDIP party
President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country’s largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said.
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Singapore
Murder suspect was self-proclaimed financial ‘expert’
A large amount of money was reportedly found in the hotel room of the man linked to the murder of Singaporean architect Audrey Fang in Spain.
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Along The Watchtower
Global surge in military spending
THIS must be the scariest evidence that global peace is at its lowest level today.
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Nation
Indian-based party joins Perikatan Nasional
PETALING JAYA: The Malaysian Indian People’s Party (MIPP) is now a member of the Perikatan Nasional coalition, says Datuk Seri Hamzah Zainudin.
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Nation
Ismail Sabri pledges to go on the campaign trail
KUALA LUMPUR: Former prime minister Datuk Seri Ismail Sabri Yaakob says he will hit the ground to campaign in the upcoming Kuala Kubu Baharu by-election.
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Nation
Smugglers never seem to give up
PETALING JAYA: There have been all sorts of attempts at smuggling in contraband cigarettes while avoiding detection by the authorities.
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Nation
Thorough probe to be conducted
LUMUT: The question of what caused the tragic mid-air collision between two helicopters at the Royal Malaysian Navy (RMN) base, resulting in the loss of 10 crew members, remains unanswered.
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Insight
Navigating the next phase of sustainability reporting
Recent developments underscore the growing trend towards standardised and mandatory disclosure of environmental, social and governance (ESG) information by companies.
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Myanmar
Figurehead VP steps down
VICE-PRESIDENT Henry Van Thio (pic), who served in the elected government of Aung San Suu Kyi and then continued in the position after the military ousted her, is stepping down for unspecified health reasons.
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Corporate News
Breadmaker Bimbo hit by profit slump, cuts earnings outlook
Mexican breadmaker Bimbo’s first quarter net profit fell by about 42% from a year earlier, the company says, citing foreign exchange effects stemming from a strong peso and weaker spending in its North American markets.
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Nation
Painful lesson for hurting disabled
BALIK PULAU: A 39-year-old sales promoter will spend the next 10 years in jail after pleading guilty to causing serious injury to a man with Down Syndrome.
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Nation
Pilot spoke to parents an hour before crash
GEORGE TOWN: The parents of Royal Malaysian Navy (RMN) Commander Muhammad Firdaus Ramli (pic) had just chatted with him over the phone barely an hour before his tragic death.
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Corporate News
UnitedHealth says hackers possibly stole large amount of data
UnitedHealth Group says that hackers stole health and personal data of potentially a “substantial proportion” of Americans from its systems in February, as the largest US health insurer scrambles to contain the damage.
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Corporate News
US sues to block Coach and Michael Kors merger
The US Federal Trade Commission (FTC) on Monday sued to block Coach parent Tapestry’s US$8.5bil deal to buy Michael Kors owner Capri, saying it would eliminate “direct head-to-head competition” between the flagship brands of the two luxury handbag makers.
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Economy
Milei trumpets quarterly budget surplus on Argentine TV
President Javier Milei has announced Argentina’s first quarterly financial surplus since 2008 during a televised speech, promising his commitment to eliminating deficits wouldn’t waver throughout his term.