Ahead of Budget 2020, prominent economist Prof Dr Jomo Kwame Sundaram says it's time Malaysia seriously thinks of measures to combat global headwinds and create “more breathing space” for the ordinary Malaysian.</div><div class=inPageAd id=div-gpt-ad-inpage>

NEWS: 'We need to counteract downward forces' – Jomo

KUALA LUMPUR (Nov 9): Petroleum Sarawak Bhd (PETROS), SoftBank Group Corp and Grab Holdings Ltd have entered into a joint development agreement (JDA) for US$1 billion in initial combined seed capital to develop AI infrastructure in Sarawak.

PETROS, Softbank and Grab lock in US$1 bil seed capital for Sarawak's AI infrastructure

CAIRO/ABU DHABI (Nov 9): US President Donald Trump will meet the prime minister of key mediator Qatar on Monday as efforts to end the Iran war ramp up following last week's midterm elections, though senior US and Gulf officials cast doubt on the chances of an imminent deal.

Trump to meet Iran war mediator Qatar, no imminent deal seen to end the war

MELAKA (Nov 9): Some 12,531 eligible early voters in the 16th Melaka State Election will cast their ballots across 31 gazetted early polling centres statewide on Tuesday (Nov 10).

Melaka polls: Over 12,000 early voters to cast ballots tomorrow

BENGALURU (Nov 9): The National Highway Traffic Safety Administration (NHTSA) on Monday said it opened a preliminary evaluation into more than 1.2 million Ford vehicles over the accidental deployment of seat-mounted side airbags that caused serious burn injuries.

US auto regulator opens probe into 1.2 million Ford vehicles over airbag deployment

(Nov 9): Coinbase Global Inc, the largest US crypto exchange, said a key regulator has fully signed off on its request to become a nationally chartered trust bank, the latest example of firms in the digital-asset space entering the world of traditional finance.

Coinbase gets final regulatory stamp for trust-bank charter

BENGALURU (Nov 9): Emerging-market equities clawed back some of last week's losses on Monday, as a drop in oil prices and tentative hopes of de-escalation in the Middle East supported risk appetite.

Stocks rebound as oil falls on Middle East hopes

BENGALURU (Nov 9): US stock index futures attempted a recovery on Monday as investors hunted for bargains following a steep slide in equities last week, while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang.

Wall St futures rise after rough week, but Nvidia unsettles investors

OSLO/COPENHAGEN (Nov 9): Norway's government said on Monday that it will curb the rapid growth of power-hungry data centres in the Nordic country, becoming the latest nation to limit a buildout driven by the global artificial intelligence industry.

Norway reins in data centre industry amid AI boom

LONDON (Nov 9): Oil prices fell on Monday after US President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks on ships near the Strait of Hormuz kept supply concerns in focus.

Oil falls as Trump signals restraint on Iran despite fresh shipping attacks

BEIJING (Nov 9): China on Monday effectively extended its trade truce with the US by two months, after announcing it would continue to suspend certain trade measures.

China extends US trade truce by two months

(Nov 9):&nbsp;A Chinese state-run newspaper denied Beijing had any link to Nvidia Corp chief executive officer Jensen Huang’s extramarital affair, accusing American media outlets of spreading a fabricated spy narrative and warning the issue could hurt ties.

China newspaper dismisses Jensen Huang spy claim, warns on ties

There is a certain poetry in the TuJu story. On Oct 20, the prime minister urged Malaysians to ditch Waze for the home-grown alternative TuJu. A day later, the app was offline for “system upgrades”. Its eventual fix, an update on Oct 30, was to launch Google Maps whenever a user wanted to navigate.

Frankly Speaking: The TuJu saga continues

KUALA LUMPUR (Nov 9): Prime Minister Datuk Seri Anwar Ibrahim on Monday announced a special additional cash aid of RM2,500 for heads of eligible flood-affected households in Selangor, with payments expected to begin on Tuesday (Nov 10).

PM: Special RM2,500 aid for hard-hit Selangor flood families, mitigation expedited

<div class="content-side-bar-box">
Summary

<ul>
	<li>Sources say the company had expected to secure a higher valuation</li>
	<li>A private equity firm is said to be keen on acquiring a stake</li>
</ul>
</div>

1 Doc Internation...

Beauty centre operator 1 Doc International’s IPO scrapped

<div class="content-side-bar-box">
Summary

<ul>
	<li>Hektar REIT’s proposal to acquire KYS KL East International School for RM125 mil could be withdrawn, say sources</li>
	<li>Unitholders are to vote on the proposal on Nov 16</li>
	<...

Hektar REIT said to be withdrawing proposal to buy KYS KL East International School

KUALA LUMPUR (Nov 9):&nbsp;Petroleum Sarawak Bhd (PETROS),&nbsp;SoftBank Group Corp and Grab Holdings Ltd have entered into a joint development agreement (JDA) for US$1 billion in initial combined seed capital to develop AI infrastructure in Sarawak.

BENGALURU (Nov 9): Tesla will have to refund Cybertruck deposits for many customers as orders far exceed production capacity, CEO Elon Musk said, following last week's announcement that the electric vehicle maker is winding down the pickup truck's production at its Texas factory.

Tesla to refund many Cybertruck deposits as demand exceeds production, Musk says

While nine months is not a long time for a new index, it can still provide useful insight into whether it is capturing the characteristics it was designed to identify.

In the first nine months of the year, the Bursa Malaysia Quality 50 Index (BMQ) has gained 9.4%. Over the same period, ...

Has the Bursa Malaysia Quality 50 Index passed its first real test?

SYDNEY (Nov 9): Australian data centre operator NextDC said on Monday that it would stop work on all projects without customer contracts following a big setback on a facility in Melbourne, as two major rivals finalised buying an A$715 million (US$492 million) stake in the company.

NextDC pauses uncontracted projects after Australian data centre woes

MALAYSIA adheres to clear governance rules and remains on track to reduce its fiscal deficit to 3% of gross domestic product (GDP) over the medium term, says Finance Minister II Datuk Seri Amir Hamzah Azizan (pictured) when asked about the transfer of net premiums from the issuance of government ...

The State of the Nation: Clear governance rules on net bond premium transfers as non-tax revenue, FM II says

BENGALURU (Nov 9): Emerging-market equities clawed back some of last week's losses on Monday, as a drop in oil prices and tentative hopes of de-escalation in the Middle East supported risk appetite.

BENGALURU (Nov 9): US stock index futures attempted a recovery on Monday as investors hunted for bargains following a steep slide in equities last week, while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang.

<div class="content-side-bar-box">
Summary

<ul>
	<li>The federal government’s non-tax revenue includes ‘net premium from issuance of government financial instruments’ of RM2 billion under Budget 2027</li>
	<li>‘Net premium from issuan...

The State of the Nation: When cash basis accounting allows net bond premiums to lift investment revenue

(Nov 9):&nbsp;Nvidia Corp&nbsp;shares fell after the company’s board launched an investigation into chief executive officer Jensen Huang, following his admission of an affair with a woman identified in a series of reports as a suspected Chinese spy.

Nvidia shares drop after CEO Huang’s affair triggers board probe

KUALA LUMPUR (Nov 9): Malaysia must step up vigilance against threats posed by state-linked&nbsp;hacker groups capable of breaching networks and crippling essential services, says&nbsp;Malaysia Cyber Consumer Association (MCCA) president Siraj Jalil.

Malaysia must step up vigilance against state-linked hackers — association

<div class="content-side-bar-box">
Summary

<ul>
	<li>Geopolitical tensions, port congestion and rising oil prices are expected to keep shipping rates elevated into 2027</li>
	<li>Budget 2027’s extended tax exemption and lower stamp du...

Shipping cost crunch persists

OSLO/COPENHAGEN (Nov 9): Norway's government said on Monday that it will curb the rapid growth of power-hungry data centres in the Nordic country, becoming the latest nation to limit a buildout driven by the global artificial intelligence industry.

(Nov 9):&nbsp;UniCredit SpA reported record quarterly profit as it lifted full year guidance, giving chief executive officer Andrea Orcel a tailwind as he nears control of Commerzbank AG.

UniCredit profit at record as Orcel eyes Commerzbank control

I haven’t stopped being entertained by TuJu memes and videos. The mere thought of them cracks me up — especially the ones of actual on-the-road tests, where the route isn’t so much recalibrating as it is spinning and zooming in and out, like some Harry Potter detector machine gone wonky. If TuJu had been the first navigation app Klang Valley users had ever been introduced to, I suspect the Kuala Lumpur A to Z driver’s map guide would still be in print.

Coffee Break: Walau ke mana diTuJu, may humour take us there

London-based developer Ballymore has observed a shift in how residents use communal spaces, prompting it to rethink the design of its latest residential project, 25 Cuba, on Cuba Street in Canary Wharf, London. The 52-storey tower was launched on Oct 29.

Since the pandemic, residents ha...