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LONDON, May 26 (Xinhua) -- Britain announced Thursday it will impose a 25-percent levy on the profits of oil and gas companies, to ease the financial burden on millions of households amid raging inflation.
INFLATION has surfaced across many global economies. It is higher in the United States, eurozone and India compared to others.
PETALING JAYA: RHB Research is keeping Bumi Armada Bhd as its top sector pick given its recent results, which outperformed expectations.
KUALA LUMPUR: WZ Satu Bhd’s net profit for its first quarter ended March jumped 94.1% to RM2.11mil from RM1.09mil in the corresponding quarter last year.
News highlights from Asean countries in the Star-AseanPlus section for Thursday (May 26)
SINGAPORE (The Straits Times/Asia News Network): A Shell employee who worked with a syndicate to secretly siphon off S$60 million in oil to sell illegally to earn some $735,000 for himself was jailed for 15 years and four months on Thursday (May 26).
SINGAPORE (The Straits Times/Asia News Network): Three surveyors who accepted bribes to cover up the unauthorised transfer of marine gas to vessels that were supplied to oil giant Shell were each jailed between four and eight months on Thursday (May 26).
JAKARTA (The Jakarta Post/Asia News Network): United Nations Deputy Secretary General Amina J. Mohammed commended Indonesia for its pandemic response on Wednesday (May 25), during the 2022 Global Platform on Disaster Risk Reduction (GDPRR) held in Nusa Dua, Bali.