<div class=newsTextDataWrapInner>JAKARTA (Dec 24): Petronas’ unit has completed the acquisition in Indonesia’s Andaman III production sharing contract from Repsol’s Talisman, Petronas says in statement. 
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Petronas’ unit has completed the acquisition in Indonesia’s Andaman III production sharing contract from Repsol’s Talisman, Petronas says in statement.

Petronas acquires 49% rights in Andaman III from Talisman

Although the ceasefire deal to end the war in Gaza is viewed as positive for Nestlé (Malaysia) Bhd (KL:NESTLE) and Berjaya Food Bhd (KL:BJFOOD), analysts caution that earnings recovery may take time due to shifting consumer sentiment, competition from local brands, and rising costs.

Gaza ceasefire positive for Nestlé and Berjaya Food but earnings recovery hindered by competition, costs, say analysts

Nintendo Co said it will reveal the next-generation Switch 2 on April 2, setting in motion the retirement of the nearly eight-year-old flagship model.

Nintendo to unveil next-generation Switch 2 in April

US retail sales increased solidly in December, pointing to strong demand in the economy and further reinforcing the Federal Reserve's cautious approach to cutting interest rates this year.

US retail sales rise solidly in December

The number of Americans filing new applications for unemployment benefits increased more than expected last week, but remained at levels consistent with a healthy labour market.

US weekly jobless claims increase; labour market conditions still healthy

TikTok, Shein, Xiaomi and three other Chinese companies were named in a privacy complaint filed on Thursday by Austrian advocacy group Noyb which claimed the firms were unlawfully sending European Union (EU) user data to China.

Noyb is known for filing complaints against American companies such as Apple, Alphabet and Meta, which has led to several investigations and billions of dollars in fines.

TikTok, five other Chinese firms hit by EU privacy complaints

Property developer Tanco Holdings Bhd, whose share price surged to a 27-year high of RM2.13 on Thursday, has proposed a bonus issue of up to 3.85 billion new shares — on the basis of seven bonus shares for every five Tanco shares held — to reward shareholders.

Tanco plans 7-for-5 bonus issue as share price hits 27-year high

The Eagle S tanker seized by Finnish authorities on suspicion of ripping up subsea cables will not face a separate criminal investigation into whether its fuel cargo violates sanctions imposed on Russia, the Customs Office said on Thursday.

Police seized the United Arab Emirates-owned (UAE) tanker last month on suspicion of damaging a Finnish-Estonian power line and four telecoms cables.

Tanker seized by Finland over ripped cables won't face cargo sanctions probe

(Jan 16): The boards of Thai mobile carriers Advanced Info Service and Thaicom have asked shareholders to reject offers to acquire both the firms.

In July 2024, power producer Gulf Energy Development, the largest s...

Telcos Advanced Info, Thaicom want investors to reject offers under parent merger

The Thai government has expressed interest in collaborating with Malaysia on digital governance to enhance the quality of life for its citizens.

Deputy Prime Minister and Minister of Digital Economy and Society of Thailand, Prasert Jantararuangtong, said Thailand is keen to work with Asean member states to further elevate the standard of living in the region.

Thailand seeks digital collaboration with Malaysia

The 61st Meeting of the Asean National Tourism Organisations (NTOs) held on Thursday, facilitated productive discussions with key Asean-associated entities and international organisations.

61st Asean NTOs meeting engages in productive discussion

The High Court on Thursday approved a pension increase for retirees, based on their final salary according to the 2016 Public Services Department circular, effective January 2022.

High Court rules in favour of pensioners, govt ordered to pay arrears within three months

Malaysian construction stocks fell sharply on Thursday for the sixth straight day amid concerns over data centres being built as the US further tightens restrictions on advanced semiconductor exports.

Construction stocks extend decline sharply as SunCon falls over 10%

Data centre-related stocks and proxies to artificial intelligence (AI) on Bursa Malaysia have fallen sharply of late, but analysts caution against buying the dip too soon.

Data centre-related stocks, AI proxies lower; experts warn against early bottom fishing

Investment management firm Vertical Theme Sdn Bhd is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia Bhd (KL:ABMB), according to people familiar with the development.

Alliance Bank’s top shareholder Vertical Theme mulling sale to DBS, Bloomberg reports

Eastern &amp; Oriental Bhd (KL:E&amp;O), Malaysia’s premier lifestyle developer, has launched Maris, a RM700 million waterfront residence located in the Gurney Green district on Andaman Island, Penang.

E&O unveils RM700m Maris waterfront development in Penang

KUALA LUMPUR (Jan 16): Malaysia’s tourism industry upcycle has started ahead of Visit Malaysia Year 2026, and could bolster share prices of related companies in the next two years, said Maybank Investment Bank (Maybank IB).

Malaysia’s tourism upcycle has begun, some related stocks could gain — Maybank IB

Regional airline SKS Airways Sdn Bhd, recently renamed True Air Sdn Bhd, has announced that it will discontinue its operations — the second homegrown airline to have ceased operations post the Covid-19 pandemic. Budget carrier MYAirline Sdn Bhd had suspended its operations in October 2023 due to financial pressures.

SKS Airways ceases operations after two years

Malaysian Prime Minister Datuk Seri Anwar Ibrahim officially inaugurated YTL Brabazon New Town in Bristol, a development poised to become the most sustainable new town in the UK.

Anwar launches UK’s most sustainable new town in Bristol by YTL

The potential implementation of export limitations by the US government on artificial intelligence (AI) chips is not expected to impact the operations of existing data centres in Malaysia, according to deputy minister of investment, trade and industry (Miti) Liew Chin Tong.

Malaysia's data centres unaffected by US AI chip export restrictions, says deputy Miti minister

The government has announced enhancements to the Corporate Renewable Energy Supply Scheme (CRESS), opening third-party electricity grid access to existing power consumers and maintaining system access charges (SAC) at current rates for three years.

Grid third-party access open to existing power consumers, wheeling charges maintained until 2027 — Energy Ministry

Petroliam Nasional Bhd (Petronas) appears to have retained the lucrative natural gas exports business, while Sarawak will control the domestic gas aggregation in the state, Kenanga Investment Bank said.

Petronas' spending cuts likely less than feared as S'wak gas exports business intact, says Kenanga as O&G services stocks rally

Hextar Industries Bhd (KL:HEXIND) announced the soft opening of five Luckin Coffee outlets by the end of January 2025.

Hextar Industries to open five Luckin Coffee outlets by end of January

Former prime minister Tan Sri Muhyiddin Yassin will have all of his Jana Wibawa charges tried in one court instead of two separate courts.

Muhyiddin’s seven Jana Wibawa charges to be heard in one court

Despite incoming US President Donald Trump's pledge to impose sweeping 60% tariffs on all Chinese imports, the implementation is likely to be far less drastic, according to Affin Bank’s chief economist Alan Tan Chew Leong. &nbsp;

Impact of Trump's proposed tariffs on Chinese imports likely to be less severe than feared for region — Affin Bank

Former prime minister Datuk Seri Najib Razak said that he was using Low Taek Jho (Jho Low)&nbsp;for his international connections, and denied that the now-fugitive was carrying out his bidding&nbsp;to misappropriate funds from troubled 1Malaysia Development Bhd (1MDB).

Najib says he was using Jho Low's international connections, not to misappropriate 1MDB funds

Former prime minister Datuk Seri Najib Razak said that he wished former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Bakke Salleh had seen him in person before his resignation from the strategic development firm.

1MDB-Tanore: Najib regrets Bakke didn't meet him personally before resignation

Xiaohongshu’s biggest shareholders are in talks to sell shares in the Chinese Instagram-like service at a valuation of at least US$20 billion (RM90 billion), drawing interest from Tencent Holdings Ltd and other big names as a potential TikTok US ban approaches.

Xiaohongshu stake sale talks value TikTok rival at US$20b

The construction sector is expected to see another decent year in 2025, after domestic contract awards hit a new record last year,&nbsp;according to Hong Leong Investment Bank (HLIB) Research.

Construction to see another decent year after record domestic contracts in 2024 — HLIB

HSBC Holdings Plc is set to buck an industry-wide trend of higher banker bonuses as it gears up for a multibillion-dollar cost reduction from an ongoing restructuring.

HSBC warns of bonus cuts as cost of restructuring looms

An initial investigation by the Negeri Sembilan Land and Mines Office (PTG) in collaboration with the State Department of Minerals and Geoscience (JMG) found no evidence of gold in the river area in Lenggeng, where gold mining activities were reportedly taking place.