Business

AirAsia MOVE, Korea Tourism Organization partner to promote travel beyond Seoul

KUALA LUMPUR: AirAsia MOVE (MOVE) has partnered with the Korea Tourism Organization (KTO) to encourage international travellers to visit destinations beyond Seoul and support domestic tourism in South Korea.

Forex

Dollar steadies after payrolls drop, inflation data eyed

LONDON: The U.S. dollar steadied at a near two-month low on Monday following Friday's soft jobs data, as investors awaited this week's inflation data for more clues on the Federal Reserve's rate path.

Business

Court of Appeal dismisses Ricky Wong’s appeal against RM169.2mil asset freeze

KUALA LUMPUR: The Court of Appeal has dismissed appeals by Wong Shee Kai, also known as Ricky Wong, Teh Sew Wan and Wong SK Holdings Sdn Bhd against a High Court injunction freezing up to RM169.2mil of their assets and properties.

Markets

Japan's Nikkei posts highest close in nearly four weeks on AI rally

TOKYO: Japan's Nikkei share average rose 2% on Monday to its highest close in nearly four weeks, led by AI and chip-linked stocks after Wall Street's rally on Friday, though worries over the Middle East kept a lid on broader gains.

Technology

MITI continues to strengthen E&E sector to ensure Malaysia remains global technology supply player

GEORGE TOWN: The Ministry of Investment, Trade and Industry (MITI) will continue to empower the electrical and electronics (E&E) sector to ensure Malaysia remains an important player in the global technology supply chain.

Markets

Take five: Markets aren't going on a summer holiday

NO time for a break. Even in the middle of August, there is plenty of market news to watch.

Commodities

Malaysia's July palm oil stocks hit 5-month high on rising output

MALAYSIA's palm oil stocks rose to a five-month high in July as production remained above rising export demand, data from the industry regulator showed on Monday.

Banking

Indonesia nominates Destry Damayanti as sole candidate for central bank governor

INDONESIA President Prabowo Subianto has nominated Destry Damayanti as the sole candidate to be the next central bank governor, a presidential spokesperson said on Monday.

Energy

MNCs plug into China's green synergy

CHINA's strong push toward an energy transition and green, low-carbon development is not just reshaping its domestic economy. It is creating massively scaled, entirely new collaborative opportunities for the global market.

Markets

Bursa Malaysia stays lower at midday amid profit-taking

KUALA LUMPUR: Bursa Malaysia remained lower at midday, amid profit-taking in plantation, utilities and industrial product sectors.

Commodities

Commodity sector GDP at RM19.65bil in 1Q 2026 - Noraini Ahmad

PUTRAJAYA: The commodities sector and commodity-based industries contributed RM19.65 billion to the gross domestic product (GDP) in the first quarter of 2026 (1Q 2026), up from RM18.95 billion a year ago, said Plantation and Commodities Minister Datuk Seri Dr Noraini Ahmad.

Economy

Sand unit price index rises 0.1 to 14.9% nationwide in July 2026 - DOSM

KUALA LUMPUR: The unit price index of sand increased in July 2026, ranging from 0.1 per cent to 14.9 per cent nationwide, compared to the previous month, said the Department of Statistics Malaysia (DOSM).

Corporate News

MRCB, TECO to develop AI-ready modular data centres in Malaysia

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) and Taiwan-based TECO Electric & Machinery Co Ltd (TECO) are working towards a strategic partnership for the development, deployment and operational validation of next-generation AI-ready Modular Data Centres (MDC).

Nation

Development budget proposals for 2027 to be finalised in mid-Aug, says Akmal Nasrullah

GEORGE TOWN: The Economy Ministry expects to finalise its proposals for development spending under the 2027 Budget by mid-August, says Akmal Nasrullah Mohd Nasir.

Business

Local institutions extend net buying streak to two consecutive weeks - MBSB IB

KUALA LUMPUR: Local institutions extended their net buying streak on Bursa Malaysia to two consecutive weeks, recording net inflows of RM451.1 million last week, MBSB Investment Bank Bhd (MBSB IB) said.

Markets

Asia stocks gain, oil up amid Gulf confusion

SYDNEY: Asian share markets tracked Wall Street higher on Monday after a soft U.S. jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher.

Corporate News

Sony, TSMC to spend US$6.3bil to jointly make image sensors

TOKYO: Sony Group and Taiwan's TSMC plan to spend around 1 trillion yen ($6.32 billion) to jointly make next-generation microchips used in image sensors, the Nikkei business daily said on Monday.

Forex

Australia dollar slips after six weeks of gains, RBA likely to hold rates

SYDNEY: The Australian dollar began the week slightly lower after six weeks of gains, with traders awaiting a central bank policy meeting on Tuesday expected to leave rates unchanged, although uncertainty lingers about how hawkish policymakers could sound.

Markets

Japan's Nikkei rises 2% as AI stocks rally, Middle East worries cap gains

TOKYO: Japan's Nikkei share average rose on Monday, following up on AI and chip-linked stocks' gains on Wall Street, with uncertainties surrounding the Middle East conflict capping gains. The Nikkei was up 2% at 66,927.61 as of 0126 GMT and the broader Topix edged up 0.44% to 4,092.93.

Commodities

Oil rises on uncertainty over reopening of Hormuz

PERTH: Oil prices rose on Monday on uncertainty over the reopening of the Strait of Hormuz anytime soon, as Iran said a deal with Oman defining new shipping lanes was in its final stages but insisted the U.S. must still meet other conditions.