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Malaysia’s OGSE sector must go global to stay competitive, says Malaysia Petroleum Resources Corporation
KUALA LUMPUR, Sept 2 — Malaysia’s oil and gas services and equipment (OGSE) sector must evolve from being capable suppliers into globally competitive players, said the Malaysia Petroleum Resources Corporation (MPRC). Its president and chief executive officer Mohd Yazid Ja’afar
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AirAsia expands Europe network with Turkiye’s Pegasus Airlines codeshare via Istanbul
KUALA LUMPUR, Sept 2 — AirAsia has launched its first codeshare partnership with Turkiye’s low-cost carrier (LCC), Pegasus Airlines, connecting Southeast Asia and Europe via Istanbul. The partnership will progressively open access to160 destinations across 56 countries via AirAsia and
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Nestlé to sell vitamins business to private equity firm for US$1b
ZURICH, Sept 2 — Nestlé on Tuesday said it has agreed to divest its mainstream Vitamins, Minerals and Supplements (VMS) business, the Holistic Health portfolio, to private equity firm Yellow Wood Partners for US$1 billion (RM4.04 billion), reported German Press
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Anthropic signs US$35b computing deal with Nvidia-backed startup
SAN FRANCISCO, Sept 1 — Anthropic signed a US$35 billion (RM141 billion) deal for access to cloud computing power from a US-based startup backed by Nvidia, adding to a string of such deals clinched by the artificial intelligence (AI) developer
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Indonesia parliament confirms Destry as new central bank governor
JAKARTA, Sept 1 — Indonesia’s parliament on Tuesday confirmed Destry Damayanti as the new central bank governor, following the abrupt resignation of Perry Warjiyo in July. Destry was the only candidate after being nominated by President Prabowo Subianto last month
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Malaysia-Japan trade hits US$23.3b in Jan-July 2026, Johari Ghani pushes deeper economic ties
KUALA LUMPUR, Sept 1 — Bilateral trade between Malaysia and Japan rose 11.8 per cent to US$23.3 billion (RM94 billion) in the first seven months of 2026 compared with the same period last year, said Investment, Trade and Industry Minister
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Fast-fashion giant Shein shares plunge in Hong Kong debut after US$1.7b IPO
HONG KONG, Sept 1 — Fast-fashion retailer Shein fell more than nine per cent on its long-awaited Hong Kong trading debut Tuesday, having raised US$1.7 billion (RM6.9 billion) in a high-profile initial public offering after its plans to list in
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Oil climbs as stocks slide on fresh Trump warning over Iran
HONG KONG, Sept 1 — Oil prices extended gains Tuesday amid fears of a fresh bout of military exchanges between the United States and Iran following a flare-up at the weekend and Donald Trump’s warning that he will hit the
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China’s factory activity slides for second straight month
BEIJING, Aug 31 — Factory activity in China contracted in August for a second straight month, official data showed today, as soft demand weighs on the world’s second-largest economy. Leaders in Beijing are seeking to maintain pace despite hurdles including
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US Fed chief Warsh sends Wall Street lower with hawkish inflation warning
NEW YORK, Aug 29 — Wall Street stocks dipped while the dollar rallied Friday after Federal Reserve chief Kevin Warsh flagged fighting high inflation as a priority in a speech received as more hawkish than expected. “We must be confident
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