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U.N. climate summit to test world’s resolve to halt warming
WASHINGTON/BRUSSELS (Reuters) - After a summer of wildfires, heat waves and hurricanes, United Nations Secretary-General Antonio Guterres says he is banking on new pledges from governments and businesses to abandon fossil fuels during a special climate summit in New York on Monday.
Fitch expects Petronas capex to remain around RM50b a year
KUALA LUMPUR: Fitch Ratings expects Petroliam Nasional Bhd's (Petronas) capital expenditure (capex) to remain around RM50bil a year over the medium term, driven by upstream investments.
U.S. builds alliances in 'wild wild west' of space - general
WASHINGTON (Reuters) - The new U.S. Space Command is working with allies in the “wild, wild west” of space and will harden future satellite networks against attacks, the unit’s top general said, as the Trump administration reorganises its military space bureaucracy.
Household debt remains an issue in Malaysia
PETALING JAYA: Expensive property prices continue to put a heavy burden on the lower income group, placing homeowners with high mortgages among the most vulnerable to potential financial shocks.
Research houses maintain neutral outlook on power
PETALING JAYA: While consumers are expected to benefit, the power sector will face further uncertainties, arising from potential regulatory changes, and this could weigh on the industry’s financial performance
Exxon Mobil to sell Australian Bass Strait O&G assets
MELBOURNE: Oil major Exxon Mobil Corp is looking to sell its 50% stake in the Gippsland Basin oil and gas development in Australia’s Bass Strait as part of a broader review of its portfolio of assets around the world.
Bank Negara: H1 household debt elevated at 82.2% of GDP
KUALA LUMPUR: The overall household debt level remained elevated at 82.2% of GDP in the first half of 2019, with loans for the purchase of residential properties continuing to be the key driver of debt growth, according to Bank Negara Malaysia.
DBS Banks aims to double Thai wealth business by 2023
SINGAPORE: DBS Bank on Wednesday said that DBS Private Bank and brokerage DBS Vickers Securities (Thailand) are partnering to double wealth assets managed in Thailand to S$8 billion from S$4 billion by 2023.
Double-whammy for Sri Aman: Water shortage adds to haze woes
SRI AMAN (Bernama): It’s a double blow for some 100,000 urban folk in Sri Aman, who besides having to deal with the choking haze, now find themselves facing a shortage in water supply.
CME to host Bursa Malaysia Derivatives products until 2025
KUALA LUPUR: Bursa Malaysia Bhd extended its agreement with Chicago Mercantile Exchange Inc (CME) to host Bursa Malaysia Derivatives Bhd’s (BMD) products on CME Globex until September 2025.