<div class=newsTextDataWrapInner>SINGAPORE (Aug 28):&nbsp;OCBC Bank has filed applications in the High Court of Singapore to put KS Energy under judicial management, with Andrew Grimmett and Lim Loo Khoo of Deloitte &amp; Touche as interim judicial managers.</div>

<div class=newsTextDataWrapInner>The move comes after the bank sent letters of demand to KS Energy, KS Drilling and six other subsidiaries for a US$230.7 million (S$315.1 million or RM960.98 million) term loan and US$5 million bridging loan to KS Drilling.</div>

<div class=newsTextDataWrapInner>KS Drilling is an 80.09%-owned subsidiary of KS Energy, which has provided US$150 million in guarantee for the term loan <a href="https://www.theedgesingapore.com/news/management-corporate-governance/ocbc-files-court-applications-ks-energy-be-put-under-judicial" target="_blank">... (click on link for full story on theedgesingapore.com).</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

OCBC Bank has filed applications in the High Court of Singapore to put KS Energy under judicial management, with Andrew Grimmett and Lim Loo Khoo of Deloitte & Touche as interim judicial managers.

OCBC files court applications for KS Energy to be put under judicial management

CAIRO/BENGALURU (Nov 8): Egyptian fertiliser producers have been notified of a new 33% reduction in their natural gas supplies, a company statement and industry officials said on Sunday, as the country seeks to curb the need for expensive liquefied natural gas imports.

Egypt deepens gas cuts to fertiliser makers as energy squeeze tightens

MELAKA (Nov 8): Kota Laksamana has the potential to become the new state capital of Melaka due to rapid development that can catalyse economic growth and transform the state's landscape, says Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.

Kota Laksamana has potential to become Melaka's new state capital — Ab Rauf

RIYADH (Nov 8): An administrative building belonging to state oil giant Saudi Aramco in Riyadh was damaged by falling debris following an attempted attack on Sunday, with no injuries or fatalities reported, the kingdom's Energy Ministry said.

Saudi Aramco building in Riyadh damaged by falling debris after attempted attack, ministry says

ISTANBUL (Nov 8): Malaysia will deliberate on the Developing Eight (D-8) Organisation for Economic Cooperation’s target to raise intra-member trade to over US$500 billion by 2030 before the matter is brought to the Cabinet.

Ahmad Zahid: Malaysia to propose US$500 bil D-8 trade target to Cabinet

KUALA LUMPUR (Nov 8): Alliance for a Safe Community has called for a comprehensive overhaul of Kuala Lumpur’s drainage and flood mitigation systems to address recurring flash floods after just an hour or slightly more of heavy rain.

Overhaul KL drainage to tackle flash floods — Lee Lam Thye

MOSCOW (Nov 8): Symptoms of the new Covid-19 strain PJ.2.1 may be similar to those of a cold or flu, and testing is necessary, the World Health Organization (WHO) said, reported Sputnik/RIA Novosti.

New Covid-19 strain PJ.2.1 may mimic cold or flu symptoms — WHO

(Nov 8): Stockland Corp has abandoned plans for a Sydney data centre following community backlash, in another sign of growing opposition to artificial intelligence infrastructure.

Stockland scraps Sydney data centre plans after local backlash

SEREMBAN (Nov 8): The Negeri Sembilan State Legislative Assembly will not be allowed to dissolve, and efforts will be made to ensure that its sitting takes place as scheduled, said Menteri Besar Datuk Ismail Lasim.

No question of Negeri Sembilan state assembly being dissolved, says MB

PUTRAJAYA (Nov 8): Federal Territories Amanah wants the opportunity to contest the Putrajaya parliamentary seat in the 16th General Election (GE16), while also targeting Titiwangsa and Labuan.

Amanah seeks to contest Putrajaya, Titiwangsa, Labuan in GE16

PUTRAJAYA (Nov 8): Claims that the signing of the Confidence and Supply Agreement (CSA) between the government and the opposition involved bribery or corruption are unfounded but instead  it was intended to ensure political stability and to continue the institutional reform agenda.

Mujahid: Claim that CSA contains elements of corruption unfounded

PUTRAJAYA (Nov 8): The Ministry of Health (MOH) is awaiting laboratory analysis results and will conduct follow-up inspections at the Gardenia Bakeries (KL) Sdn Bhd factory to verify compliance with the Food Act 1983 following complaints of alleged food poisoning involving the company's products.

MOH awaits lab analysis results of Gardenia products

As HNG Capital observes its 50th anniversary, siblings Datuk Sean H’ng Chun Hsiang and Datin Seri Jessica H’ng Hsieh Ling — group CEO and group CFO&nbsp;respectively — represent&nbsp;a new generation of Malaysian leaders who see legacy as something to continuously reinvent rather than merely protect.

Power move

(Nov 8): Kaiser Ng, the chief financial officer at Binance Holdings Ltd, the world’s largest crypto exchange, is leaving, the company announced just days after hackers stole more than US$6 billion in cryptocurrency from the platform.

Binance’s CFO leaves company in wake of US$6 bil crypto heist

In City &amp; Country's Nov 9 cover story, we look into the progress of Warisan KL, an ambitious national initiative. Launched in May last year by Prime Minister Datuk Seri Anwar Ibrahim, the initiative aims to rejuvenate and revitalise some of the most historically significant landmarks in Kuala Lumpur.&nbsp;

Keeping KL’s story alive

WASHINGTON (Nov 7):&nbsp; US President Donald Trump on Saturday said he had asked mixed martial arts promoter Dana White to serve as White House press secretary and called on him to bring some fighters along as assistants "even though some are not from our country."

Trump says he wants UFC chief Dana White for White House press secretary

(Nov 8): Selling billions of dollars of corporate bonds on Election Day seemed like a real gamble.&nbsp;

But to Meta Platforms Inc, waiting seemed like an even bigger one.&nbsp;

The Facebook parent aimed to sell US$25 billion of bonds this quarter, and took the unusual step of...

Meta’s bond sale shows new reality for tech debt

TOKYO (Nov 8): An earthquake with a preliminary magnitude of 5.7 struck central Japan early Sunday, injuring at least 20 people in Aichi Prefecture, Kyodo News reported, citing authorities.

Magnitude 5.7 quake strikes central Japan, leaving at least 20 injured

KULAI (Nov 8): The public must improve their digital literacy as the first line of defence against increasingly complex cyber threats, including online scams, the spread of malware and the misuse of artificial intelligence technology, said Deputy Communications Minister Teo Nie Ching.

Better digital literacy needed to combat cyber threats — Teo

RIYADH (Nov 8): An administrative building belonging to state oil giant Saudi Aramco in Riyadh was damaged by falling debris following an attempted attack on Sunday, with no injuries or fatalities reported, the kingdom's Energy Ministry said.

KUALA LUMPUR (Nov 7): The Deepavali celebration&nbsp;should serve as a platform to strengthen unity, bridge gaps between communities and foster values of compassion and concern for those in need.

Anwar extends Deepavali greetings, calls for stronger national unity

KRAKOW (Nov 7): A Polish gunman likely influenced by far-right ideology killed six people in the main square of the southern city of Krakow before police shot and arrested him, officials said on Saturday, adding that three more bodies were found in his home.

Poland in shock after six die in Krakow mass shooting

(Nov 8): China is expected to invest US$940 billion in energy in 2026, the most by any country, according to the Global Energy Transition Report 2026 released by the China Enterprise Reform and Development Society, China Central Television reported Sunday.

China set to lead world in energy investment in 2026, CCTV says

ISTANBUL (Nov 8): Malaysia will deliberate on the Developing Eight (D-8)&nbsp;Organisation for Economic Cooperation’s&nbsp;target to raise intra-member trade to over US$500 billion by 2030&nbsp;before the matter is brought to the Cabinet.

Brazil has an unfortunate habit of disappointing. Despite the country’s exceptional natural-resource endowment, its growth trajectory resembles what Brazilians call the flight of a chicken (voo de galinha): a brief flutter followed by an inevitable fall back down to Earth. President Luiz Inácio L...

The New Global Economy: Another Crash Landing for Brazil’s Economy?

Large, growing budget deficits and rising public debt-to-GDP ratios in advanced economies are rattling markets. With interest rates on government debt having gone from near zero (and even negative, in some cases) to much higher levels, rising short- and long-term bond yields have cast doubt on th...

After the Storm: Can Bond Vigilantes Prevent the Next Debt Crisis?

KUALA LUMPUR (Nov 8):&nbsp;A festive mood filled towns and cities across the country as Hindus ushered in Deepavali on Sunday with prayers, temple visits, family reunions and gatherings with friends and neighbours.

Hindus across Malaysia celebrate Deepavali with prayers, family reunions

SEREMBAN (Nov 8): The Negeri Sembilan State Legislative Assembly&nbsp;will not be allowed to dissolve, and efforts will be made to ensure that its sitting takes place as scheduled, said Menteri Besar Datuk Ismail Lasim.

MELAKA (Nov 8): Barisan Nasional (BN) must provide detailed evidence to support its claim that it had fulfilled 97% of the promises in its manifesto for the 15th Melaka State Election in 2021, said Melaka Pakatan Harapan (PH) chairman Adly Zahari.

Adly challenges BN to substantiate claim of 97% manifesto fulfilment

PUTRAJAYA (Nov 8): Claims that the signing of the Confidence and Supply Agreement (CSA) between the government and the opposition involved bribery or corruption are unfounded but instead&nbsp; it was intended to ensure political stability and to continue the institutional reform agenda.

(Nov 8): Australian home sales and auction clearance rates climbed, offering hopes of a recovery for a property market that has slumped as interest rates rose this year.