Cerdik Kewangan

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Hit by the biggest energy supply shock in decades during the Middle East war, import-dependent India is expanding domest...
05/07/2026

Hit by the biggest energy supply shock in decades during the Middle East war, import-dependent India is expanding domestic crude exploration, its oil minister says.
India, the world’s third-largest importer of oil and the second-largest buyer of liquefied petroleum gas, faced major disruptions due to restrictions on the Strait of Hormuz during the conflict between the US and Iran.

With a temporary US-Iran deal in place to pause hostilities, oil and gas shipments are flowing through the Gulf waterway again, and restrictions and price hikes in India are being rolled back.

KUALA LUMPUR: Power transmission steel tower manufacturer Rohas Tecnic Bhd said the Malaysian Anti-Corruption Commission...
03/07/2026

KUALA LUMPUR: Power transmission steel tower manufacturer Rohas Tecnic Bhd said the Malaysian Anti-Corruption Commission has concluded its investigation into the company’s subsidiary HG Power Transmission Sdn Bhd, with no further action to be taken against the company or its officers.
In a filing with Bursa Malaysia today, Rohas Tecnic said MACC had confirmed that the investigation had been concluded, bringing the matter to a close and providing certainty for the company and its stakeholders.

The investigation followed orders issued by the MACC on Oct 17, 2025 to freeze and seize certain bank accounts held by Rohas Tecnic, HGPT and Rohas-Euco Industries Bhd (REI).

PETALING JAYA: A Petronas Carigali subsidiary this afternoon confirmed that a fire had broken out at its facility off Sa...
01/07/2026

PETALING JAYA: A Petronas Carigali subsidiary this afternoon confirmed that a fire had broken out at its facility off Sarawak yesterday.
Vestigo Petroleum Sdn Bhd said no injuries were reported and no personnel were affected, Dayak Daily reported.

It also said the fire did not pose any immediate threat to the environment.

Asian stocks wobbled on Monday as Iran and the United States agreed to halt recent hostilities that had cast a shadow ov...
29/06/2026

Asian stocks wobbled on Monday as Iran and the United States agreed to halt recent hostilities that had cast a shadow over an interim peace deal, with oil prices buoyed by uncertainty and the dollar standing tall near a one-year high.
A return to diplomacy in the Middle East would follow several days of tit-for-tat strikes since an Iranian projectile hit a cargo vessel in the Strait of Hormuz last week, with both sides accusing each other of breaking an interim ceasefire.

Futures for S&P 500 and Nasdaq gained 0.4% in early trading. South Korea’s KOSPI fell nearly 2%, while Japan’s Nikkei slipped 1%, leaving MSCI’s broadest index of Asia-Pacific shares down 0.4%.

South Korean stocks bounced back Wednesday from the previous day’s rout, while the rest of Asia fought to recover from a...
27/06/2026

South Korean stocks bounced back Wednesday from the previous day’s rout, while the rest of Asia fought to recover from a region-wide sell-off amid lingering concern about the AI spending boom.
Oil prices extended losses to sit around their lowest levels since the early days of the Middle East crisis, even as strain emerged in talks to bring an end to the conflict.

Investors tentatively got back on the horse in Seoul as they picked up the pieces following a 10% collapse Tuesday in the Kospi that was led by 12% losses in chip giants and market heavyweights SK Hynix and Samsung.

Ships have begun sailing through the Strait of Hormuz under a new scheme by the UN’s shipping agency to evacuate vessels...
24/06/2026

Ships have begun sailing through the Strait of Hormuz under a new scheme by the UN’s shipping agency to evacuate vessels trapped there by the conflict, a spokesperson said on Wednesday.
The initiative, which has taken months to conclude, will enable hundreds of ships with some 11,000 seafarers stranded in the Gulf to sail through Hormuz, the International Maritime Organization said on Tuesday.

“Ships have already begun to pass under the plan,” an IMO spokesperson said on Wednesday, declining to provide any details of the vessels that had crossed.

Ajinomoto (Malaysia) Bhd’s (AMB) parent company Ajinomoto Co Inc (Ajico) has proposed to privatise the food seasoning ma...
22/06/2026

Ajinomoto (Malaysia) Bhd’s (AMB) parent company Ajinomoto Co Inc (Ajico) has proposed to privatise the food seasoning manufacturer via a selective capital reduction and repayment (SCR) exercise at RM20 per share.
In a filing with Bursa Malaysia today, AMB announced that its board of directors received a letter from Ajico today notifying it of the proposal.

The proposed exercise involves a capital repayment of RM603.4 million, or RM20 per share, to entitled shareholders – shareholders other than Ajico – who collectively hold 30.17 million AMB shares or 49.62% of the total AMB shares in issue.

The Port Klang Free Zone (PKFZ), now 86% “reactivated” after nearly two decades of underutilisation, has generated RM108...
20/06/2026

The Port Klang Free Zone (PKFZ), now 86% “reactivated” after nearly two decades of underutilisation, has generated RM108 million in revenue.
PKFZ Sdn Bhd, a subsidiary of the Port Klang Authority (PKA), recorded a 14.9% increase in throughput to 110,467 20-foot equivalent units (TEUs) as of May 2026.

Transport minister Loke Siew F**k said PKFZ had undergone a challenging transformation since last year and delivered steady, encouraging growth over the past 18 months

Traders remain sanguine about Malaysia’s financial outlook even after officials warned the government may miss its defic...
18/06/2026

Traders remain sanguine about Malaysia’s financial outlook even after officials warned the government may miss its deficit target this year, according to a closely watched financial-market metric.
The so-called bond-swap spread that tracks the difference between interest-rate swaps and government bond yields for Malaysia is positive 12 basis points, whereas similar gauges are negative for many regional economies, including Thailand, South Korea and India.

A positive swap spread suggests investors see less fiscal and issuance risk. This occurs because government bond yields react more strongly to the outlook for debt supply than interest-rate swaps do.

ChatGPT and Claude are betting on Spain. Le Chat from France’s Mistral reckons Les Bleus will clinch it, and China’s Dee...
15/06/2026

ChatGPT and Claude are betting on Spain. Le Chat from France’s Mistral reckons Les Bleus will clinch it, and China’s DeepSeek and Qwen have a fondness for Argentina.
The 2026 World Cup is the first with widely available generative AI chatbots, and fans and researchers alike are turning to the systems in a bid to predict the final victors.

This year’s fad for non-human answers recalls Paul the Octopus, the cephalopod who divined winning teams by eating from food containers marked with their flags during the 2010 contest.

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