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Oil tumbles and stocks rally on peace hopes, Samsung tops US$1t
HONG KONG, May 6 — Oil prices dived again today on fresh hopes for an end to the Iran war, while Samsung blasted past the US$1 trillion valuation mark in an equity markets rally stoked by the AI tech boom.
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Insurance premiums stable for now but pressure is building, says PIAM
KUALA LUMPUR, May 6 — Malaysia’s insurance industry says premiums remain broadly manageable for now, but warns that rising claims costs, climate risks and global uncertainties could put pressure on prices in the future. General Insurance Association of Malaysia (PIAM)
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Malaysia Airlines climbs four places in global brand rankings amid premium pivot
KUALA LUMPUR, May 5 — Malaysia Airlines and AirAsia have recorded increases in their estimated brand value over the past year, according to the Airlines 50 2026 report released today by brand valuation consultancy Brand Finance. The report showed that
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Proton sales surge 40.9pc in 2026, captures 26.4pc market share in Malaysia
KUALA LUMPUR, May 6 — National carmaker Proton has kicked off the second quarter of 2026 with a formidable sales performance, recording 18,156 units (domestic and export) in April and bringing its year-to-date (YTD) sales to 67,298 units, a 40.9
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Apple agrees to US$250m settlement over 2024 AI Siri claims
SAN FRANCISCO, May 6 — Apple yesterday agreed to pay US$250 (RM988 million) to settle a class action lawsuit accusing it of misleading millions of iPhone buyers by falsely touting artificial intelligence capabilities for its Siri voice assistant in late
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Penang ramps up bid for global conferences, eyeing events displaced by Middle East tensions
GEORGE TOWN, May 5 — Penang is bidding for over 20 Meetings, Incentives, Conferences and Exhibitions (MICE) that have been relocated due to the conflict in the Middle East. Penang Convention and Exhibition Bureau (PCEB) chief executive officer G. Ashwin
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Indonesia crushes forecasts with 5.6pc GDP surge despite US-Iran war
JAKARTA, May 5 — Indonesia’s economy grew 5.6 per cent year-on-year in the first quarter of 2026, the national statistics agency said Tuesday, topping the government’s own forecast despite pressures of the Middle East war. The reading exceeded the 5.4
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Ringgit at RM3.95 to USD as Strait of Hormuz assurances buoy sentiments
KUALA LUMPUR, May 4 — The ringgit strengthened against regional peers at the close as investors’ risk appetite improved, underpinned by growing confidence in safe passage through the Strait of Hormuz. At 6pm, the local currency also firmed to 3.9540/9575
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UAE says Opec exit ‘not directed against anyone’, cites shift to national priorities
ABU DHABI, May 4 — The UAE’s shock decision to leave Saudi-dominated Opec was not targeted at anyone, the UAE minister who heads the state oil giant said today. The move aimed at focusing on national priorities and the UAE
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OpenAI co-founder Brockman takes the stand Elon Musk lawsuit enters week two
OAKLAND, May 4 — Following high-profile testimony from billionaire Elon Musk last week, one of OpenAI’s co-founders will testify Monday in the California lawsuit brought by the world’s richest man against the creators of ChatGPT. Musk is seeking to force
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