<div class=newsTextDataWrapInner>GST exemption for O&amp;G firms that import rigs and floating structures from Jan 1</div>

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GST exemption for O&G firms that import rigs and floating structures from Jan 1

 
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GST exemption for O&G firms that import rigs and floating structures from Jan 1

Bursa confirms Umar Swift’s retirement on March 1, Fad’l Mohamed to take over as CEO

Prime Minister Datuk Seri Anwar Ibrahim recently said national oil company Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) had sorted out issues relating to gas distribution rights in Sarawak.

Frankly Speaking: Details on Petronas-Petros gas settlement should be disclosed

The United Trinity no more. With the passing of Denis Law on Jan 17, and earlier on Sir Bobby Charlton (Oct 21, 2023) and George Best (Nov 25, 2005), this trio of Scottish, Irish and English players will be forever remembered as Manchester United’s greatest attacking prowess, three European Footb...

My Say: Denis Law’s throne will always remain at Manchester United Football Club

(Jan 27): President Donald Trump ordered his administration to impose tariffs and sanctions on Colombia for refusing to allow two military planes carrying deported migrants to land, punishing a US security partner for stepping out of line with his immigration goals.

In a move that rattl...

Trump slaps Colombia with 25% tariffs, sanctions in migrant dispute

KUALA LUMPUR (Jan 27): The Securities Commission Malaysia (SC) has on Monday launched Sarana, an alternative financing scheme offered by nine SC-registered peer-to-peer financing (P2P) platform operators under the government e-procurement system.

SC launches alternative financial scheme for MSMEs

(Jan 27): President Donald Trump, fresh off a slew of executive orders made at the point of a Sharpie, turns this week to wooing, cajoling and strong-arming members of the legislative branch to get behind his agenda and cabinet picks.

Many of those plans rely on the support of the major...

Trump’s second week in office tests his influence over congress

The speed limit on federal roads nationwide will be reduced from 90 kilometres per hour (kph) to 80 km/h from Tuesday until Feb 2 in conjunction with the Chinese New Year celebration.

Speed limit on federal roads cut by 10kph during CNY period, says minister 

KUALA LUMPUR (Jan 27): Selling pressure on YTL Corporation Bhd (KL:YTL) and its subsidiary YTL Power International Bhd (KL:YTLPOWR) persists, pulling the two stocks to two-month lows.

Selling persists, YTL Corp and unit YTL Power down over 5%

Homegrown co-working space provider INFINITY8 is set to launch a flagship location at the Tun Razak Exchange (TRX) in the second quarter of 2025.

INFINITY8 to launch new location at TRX in 2Q2025

WELLINGTON (Jan 27): New Zealand will introduce looser visa rules to allow holiday makers to work remotely while visiting the country, to boost its tourism sector and economy, it said on Monday.

New Zealand loosens visitor visa rules to welcome digital nomads

SHAH ALAM (Jan 27): Bina Puri Holdings Bhd (KL:BPURI), its subsidiary Bina Puri Properties Sdn Bhd and its director Tan Sri Tee Hock Seng has been slapped with a RM28.1 million lawsuit by Wisma Majujaya Sdn Bhd for not abiding with a joint venture agreement (JVA) to develop a project in Johor Bahru, called “Puri Residence”.

Bina Puri, its director Tee Hock Seng face RM28.1m suit for purportedly failing to pay-up full sum in JVA

KUALA LUMPUR (Jan 27): Selling pressure on YTL Corporation Bhd (KL:YTL) and its subsidiary YTL Power International Bhd (KL:YTLPOWR) persists, pulling the two stocks to two-month lows.

Telco firms may need to fork out RM394 million each to buy out UMobile Sdn Bhd and the Ministry of Finance's equity stakes in Digital Nasional Berhad (DNB) under the rollout of the second 5G network, according to CIMB Securities.

CIMB Securities sees telcos shelling out nearly RM400m each to buy out UMobile's stake in DNB

(Jan 26): US&nbsp;search engine startup Perplexity AI has revised the merger proposal which it had submitted to TikTok's Chinese parent ByteDance to create a new entity combining Perplexity and TikTok US, a person familiar with the proposal told Reuters on Sunday.

Perplexity AI proposes to merge with Tiktok, with US government getting half — Reuters

The chief operating officer (COO) of Projek Lintasan Kota Holdings Sdn Bhd (Prolintas), Rostam Sharif Tami, has pleaded not guilty to a bribery charge involving RM70,000.

Prolintas COO faces trial over RM70,000 bribery charge

US stock futures and Asian shares outside China slumped on Monday as investors weighed the implications of Chinese startup DeepSeek's launch of a free, open-source artificial intelligence model to rival OpenAI's ChatGPT.

Asian equities slide with US stock futures on China's AI push; dollar firms 

The US and Colombia pulled back from the brink of a trade war on Sunday after the White House said the South American nation had agreed to accept military aircraft carrying deported migrants.

US puts Colombia tariff, sanctions threat on hold after deportations deal

Chinese artificial intelligence startup DeepSeek rocked global technology stocks Monday, casting doubt on the validity of the sky-high valuations for leading companies like Nvidia Corp.

DeepSeek shakes up stocks as traders fear for US tech leadership 

(Jan 27): Investors are heading into yet another pivotal Big Tech earnings cycle with the companies’ shares near record highs and valuations stretched. A key distinction this time: The group’s profit growth is projected to come in at the slowest pace in almost two years.

Tech’s US$15 tril rally hinges on high-stakes earnings stretch

Distressed property sales in Hong Kong are beginning to bite banks that used to be well protected against loan losses.

Hong Kong’s property distress is catching up with city’s banks

SUBANG (Jan 27): Indonesian President Prabowo Subianto has arrived in Malaysia on Monday, to undertake a state visit to the country, at the invitation of His Majesty Sultan Ibrahim,&nbsp;King of Malaysia.

Indonesian President Prabowo arrives in Malaysia

(Jan 27):&nbsp;The dollar started the week with modest gains, after President Donald Trump ordered tariffs on Colombia for refusing to allow deported migrants land in the country.

Dollar starts week on front foot after Trump’s Colombia tariffs

KUALA LUMPUR (Jan 26): Prime Minister Datuk Seri Anwar Ibrahim has urged paddy&nbsp;farmers to ensure their planned gathering in Putrajaya on Monday (Jan 27) does not disrupt the state visit of Indonesian President Prabowo Subianto.

Anwar urges farmers’ gathering not to disrupt Indonesian president’s visit

Oriental Kopi Holdings Bhd’s (KL:KOPI) share price closed at 87.5 sen, almost double its initial public offering price of 44 sen, on its maiden trading day last week, giving the café chain a staggering valuation of RM1.7 billion.

Frankly Speaking: Going gaga over Kopi

Last month, eFishery, a darling of Indonesia’s start-up scene, was reported to have suspended its CEO Gibran Huzaifah and chief product officer Chrisna Aditya, pending an investigation into alleged financial irregularities in the company.

Frankly Speaking: KWAP’s investment in eFishery in the spotlight

There is no question about the need for the Employees Provident Fund (EPF) to maintain a Chinese wall, despite suggestions to the contrary.

The fund, which has more than RM1 trillion in its stable and is the biggest investor on Bursa Malaysia, receives proposals with market-sensitive in...

Alternative Views: Why EPF needs to maintain a Chinese wall

Activist investor Ancora Holdings has built a stake in US Steel and wants the steelmaker to drop its merger agreement with Japan's Nippon Steel, the Wall Street Journal reported on Sunday, citing sources.

Activist Ancora to push US Steel to drop Nippon merger and oust CEO — WSJ

China's manufacturing activity unexpectedly contracted in January, an official factory survey showed on Monday, its weakest since August, keeping alive calls for stimulus in the world's second-largest economy.

China’s January manufacturing activity unexpectedly contracts, hits five-month low 

Business activity has slumped at British firms and profit warnings have risen, according to two reports that say each trend is the worst it’s been since the pandemic.

UK firms see biggest hit to output and profit since pandemic

The week ahead will be a quiet one in Asia, as many markets will be closed for the Lunar New Year, which begins on Wednesday (Jan 29). In Malaysia, no key economic data or market events are expected.