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Petronas unlocks over one billion barrels with latest Suriname discoveries
KUALA LUMPUR, June 30 — Petroliam Nasional Bhd (Petronas), through its wholly-owned subsidiary Petronas Suriname E&P B.V. (PSEPBV), has recorded two discoveries and achieved a successful appraisal in Suriname’s offshore Block 52. In a statement today, the national oil and
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China’s factory activity returns to growth in June despite global headwinds
BEIJING, June 30 — China’s factory activity picked up this month, official data showed today, providing a much-needed boost to authorities as Beijing battles to kickstart the domestic economy. The manufacturing sector has faced uncertainty this year from the war
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Tokyo vows ‘appropriate action’ as yen tumbles to weakest level since 1986
TOKYO, June 30 — Japan’s finance minister said today that authorities were ready to take “appropriate action” after the yen hit a 40-year low against the dollar. The currency has been sliding for years and has come under renewed pressure
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‘One-time opportunity’: Why South Korea is betting big on the AI chip boom
SEOUL, June 29 — Huge demand for the components that power artificial intelligence presents South Korea with an opportunity to bolster its chip industry against rivals such as China, analysts say. Seoul announced today massive investments, including for new semiconductor
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Cigarette giant BAT goes on corporate diet to shed 20pc workforce weight, save £600m
LONDON, June 29 — British American Tobacco announced sweeping global job cuts on Monday, saying it will eliminate 5,500 positions and outsource a further 3,500 roles as part of a wide cost-cutting overhaul. The maker of Lucky Strike and Dunhill
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AI’s next bottleneck isn’t chips — it’s the weather
ZURICH, June 29 — The race to build more artificial intelligence data centres is running into an increasingly expensive obstacle: extreme weather. Record-breaking heatwaves, floods, wildfires and violent storms are emerging as major risks to the facilities powering AI, raising
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New IIA Malaysia, BAC partnership aims to grow country’s internal audit talent pool
KUALA LUMPUR, June 29 — The Institute of Internal Auditors Malaysia (IIA Malaysia) and BAC Education Group have signed a Memorandum of Understanding to strengthen the country’s internal audit talent pipeline amid concerns over skills shortages in key professional fields.
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China moves to curb dual-use exports, targets 20 Japanese institutions
BEIJING, June 29 — China added 20 Japanese entities, including the National Institute for Defense Studies, to a blacklist on Monday aiming to block the export of dual-use items, the commerce ministry said. “For the purpose of safeguarding national security
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World Cup fever may inject up to RM2.1b into Malaysia’s F&B sector, economist says
KUALA LUMPUR, June 28 — Football fever during the FIFA World Cup 2026 could inject between RM1.2 billion and RM2.1 billion into Malaysia’s food and beverage (F&B) industry as fans flock to “mamak” outlets, cafes, and restaurants to catch live
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Ships crossing Hormuz use Oman passage despite Iran warnings
LONDON, June 27 — Traffic levels in the Strait of Hormuz fell back from Wednesday’s high, but vessels continued to use a non-Iranian-approved passage despite a ship being struck by a projectile, tracking platforms showed Friday. At least 42 commodity
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