Latest
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Corporate News
Aramco seeks billions of dollars, plans to sell assets
Saudi Aramco is considering the sale of a stake in its sulphur business, three sources with knowledge of the matter tell Reuters, extending a strategy of tapping its infrastructure assets to raise tens of billions of dollars.
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Energy
Trump’s govt to pay US$765mil to scrap four wind leases
The Trump administration says it will pay US$765mil to power project developer Invenergy to terminate four wind leases off the coasts of New York, California and Maine.
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Markets
Largest Brazil credit manager buys into debt selloff
Itau Asset Management is increasing holdings of corporate debt across sectors including utilities, fitness chains and car rental companies, taking advantage of wider spreads that followed a bout of turmoil in Brazil's credit market.
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Markets
Billions in SpaceX IPO trades rattle ETFs
A series of unusual multibillion-dollar flows has rippled through the exchange-traded fund (ETF) market in the past week, suggesting major investors are using a contentious method to get exposure to the initial public offering (IPO) of SpaceX.
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Business
SPACs are back, thanks to Wall Street’s mega-IPO frenzy
Special-purpose acquisition companies (SPACs) are making a comeback.
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Business
Trillion-dollar meme stocks are here. Be ready
During the Covid-19 pandemic, meme mania swept through the United States stock market, short-squeezing and shuttering high-profile hedge funds.
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Corporate News
Walmart to revamp Beijing store presence
Walmart is reported to be planning a recalibration of its physical retail presence in Beijing through the introduction of a new generation of smaller-format stores, signalling a strategic shift in response to the country's rapidly evolving retail landscape.
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Economy
S’pore growth forecast nudged down to 3.5%
Private-sector economists expect Singapore's economy to expand by 3.5% in 2026, just a tad weaker than their previous forecast of 3.6%, on slower growth in private consumption – a measure of spending by households on goods and services.
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Markets
Analysts upbeat on Chinese A-shares upward cycle
Analysts expect a slower but more sustained market uptrend for China equities, supported by the economy's resilience, a more market-friendly policy backdrop, attractive valuations, improving corporate earnings and the prospect of fresh capital inflows.
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Property
Chinese policies deliver uptick in property sales
The traditional spring home-buying season, which typically peaks in March and April, stretched into May this year as policy support and targeted demand in first-tier cities drove a notable pickup in sales, helping to restore market expectations, experts say.
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Corporate News
Canada’s US$43bil submarine choice: S. Korean or German make
South Korea's naval ambitions are facing their most significant overseas test yet as Hanwha Ocean vies for a deal that could be worth up to US$43bil.
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Energy
Jakarta faces 20 million tonnes of coal shortfall
State electricity firm PT Perusahaan Listrik Negara (PLN) is short of 20 million tonnes of coal to meet its annual operational needs, even as the government has ordered producers to supply 190 million tonnes to shore up stocks, Energy and Mineral Resources Minister Bahlil Lahadalia says.
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Corporate News
SRKK AI eyes opportunities from RM9bil Microsoft investment in M’sia
SRKK AI Bhd sees Microsoft Corp's landmark US$2.2bil (RM8.99bil) investment in Malaysia as a catalyst for the country's artificial intelligence (AI) ecosystem, creating new opportunities for the group to deepen its presence in AI-driven digital transformation and managed technology services.
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Economy
Malaysia jumps eight spots to 15th in 2026 IMD world competitiveness ranking
KUALA LUMPUR: Malaysia has jumped eight spots in the 2026 International Institute for Management Development (IMD) World Competitiveness Ranking, rising to the 15th spot among 70 economies, marking its best ranking in recent years.
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Insurance
Manulife Malaysia's AUM hits record RM17.9bil amid growth in insurance business
KUALA LUMPUR: Manulife Holdings Bhd (Manulife Malaysia) said its asset management business achieved a record RM17.9bil in assets under management (AUM) as at Dec 31, 2025, driven by continued growth across its retail and institutional segments.
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Corporate News
LFG acquires vessel for RM61mil
PETALING JAYA: Lianson Fleet Group Bhd (LFG) has entered into a memorandum of agreement with a Singapore-based party for the acquisition of a Supramax bulk carrier (MV Sea Affluence) for RM60.9mil.
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Corporate News
BCM Alliance sells laundry companies for RM20mil
PETALING JAYA: BCM Alliance Bhd has entered into a share sale agreement with Ho Kee Wee for the proposed disposals of the entire equity interest in CS Laundry and 99.97% equity interest in CS Laundry Philippines for RM20mil.
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Corporate News
GIIB founder Tai Boon Wee returns as chairman with immediate effect
KUALA LUMPUR: GIIB Holdings Bhd founder Tai Boon Wee has returned as chairman with immediate effect, after outgoing chairman Datuk Sri Wan Adnan Wan Mamat officially handed over the role upon fulfilling his objective of stabilising and strengthening the group's corporate governance.
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Markets
ACE Market-bound RT Pastry's IPO oversubscribed by 59.96 times
KUALA LUMPUR: RT Pastry Holdings Bhd's initial public offering (IPO) shares made available to the Malaysian public have been oversubscribed by 59.96 times ahead of its scheduled listing on the ACE Market of Bursa Malaysia on June 29.
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Corporate News
AIZO Group secures RM346.2mil financing to fund LSSPV project
PETALING JAYA: AIZO Group Bhd's subsidiary, Wawasan Demi Sdn Bhd (WDSB), has executed Islamic facilities agreements with Bank Pembangunan Malaysia Bhd of up to RM346.19mil, to support the development of a large-scale solar photovoltaic plant in Kampar, Perak.
