Temasek intends to deepen its presence in the Middle East, which includes establishing offices in Riyadh, Kingdom of Saudi Arabia and Abu Dhabi in the United Arab Emirates.

Temasek to expand presence in Middle East including opening offices in Riyadh and Abu Dhabi

GETTING to meet CEO Sudeep Nair of Food Empire Holdings Ltd in person is tough. There is a narrow window of time to catch him in Singapore before he’s off again, whether to Europe, Dubai, or wherever the business needs him.

Sudeep’s working life spans mainly three time zones. He spends ...

Singapore: It’s steady-drip growth for this instant coffee maker

Geopolitics and disrupted supply chains have dominated headlines as countries grapple with new power dynamics. Even so, financial markets have reached new highs, and along with this, Temasek Holdings has chalked up another record year for its portfolio, thanks largely to another strong year from its Singapore-based portfolio companies and realised gains from divestments.

Temasek reports record net portfolio value of S$518 bil despite challenging environment

CITY Developments’ (CDL) strategic review, which is slated to be unveiled by June, has got a lot riding on it.

Group CEO Sherman Kwek announced the review during the group’s FY2025 results briefing on Feb 27. Sherman said CDL had engaged a global advisory firm in September last year to ...

What to expect ahead of CDL’s strategic review

Oversea-Chinese Banking Corporation (OCBC) is not looking to privatise Great Eastern Holdings after its previous exercise in May 2024, says the bank’s chairman Andrew Lee at its annual general meeting on Thursday.

No further chances of Great Eastern privatisation, says OCBC chairman

THE generational gap is real. Every generation is routinely criticised by the one before it as being less disciplined, more entitled and too keen to break with tradition. George Orwell, author of Animal Farm and 1984, summed it up best: “Every generation imagines itself to be more intelligent tha...

Gen Z are rewriting the rules of wealth

UNITED Overseas Bank (UOB) has recorded tangible gains from its artificial intelligence (AI) deployment, with corporate banking revenue in Singapore rising more than 5% year on year in 2024. The bank attributes this growth to its AI-powered portfolio optimisation solution.

The solution,...

UOB’s AI-driven strategy lifts corporate banking revenue by 5% 

SINGAPORE (Feb 24): United Overseas Bank (UOB) has reported net profit of S$4.7 billion (RM14.45 billion) for its FY2025 ended Dec 31, 23% lower from the previous year’s record of S$6 billion.

UOB reports FY2025 earnings of S$4.7 bil; final dividend of 71 cents per share

The government will establish a Growth Capital Workgroup to support the financing needs of companies at various growth stages within Singapore and around the region, announced the Monetary Authority of Singapore (MAS) on Feb 13.

MAS launches new workgroup to draw growth capital into Singapore

Singapore will establish a new National AI Council, chaired by Prime Minister and Finance Minister Lawrence Wong.

Singapore to establish new National AI Council, chaired by PM Wong

Sharp spikes in food and energy prices will likely become more common, the International Monetary Fund said, warning such crises drive inflation expectations higher for longer, worsen poverty and threaten economic stability.

Cost-of-living crises have lasting impact on inflation expectations, poverty, IMF says

Gold edged up on Tuesday as receding expectations of a Federal Reserve (Fed) interest-rate hike this month countered pressure from a firm US dollar and elevated Treasury yields.

Gold gains as softer Fed rate expectations offset higher US yields

The World Health Organization (WHO) said on Tuesday that it deems the public health risk in Russia to be low, following reports that a laboratory technician had died of plague.

WHO says 'low' risk in Russia following plague reports

E5: Top Glove ready to weather the storm as earnings jump

Insights Analytics Bhd (KL:IAB), which mainly provides asset management systems to water utilities, has secured a RM14.44 million subcontract to construct a water treatment plant in Sarawak's Miri division.

Insights Analytics secures contract for Suai water treatment plant in Miri

Paramount Skydance on Tuesday completed its blockbuster US$110 billion (RM449.5 billion) takeover of Warner Bros Discovery, creating a Hollywood heavyweight called Skydance and handing CEO David Ellison control of one of the world's largest entertainment companies.

Paramount wraps up mega Warner Bros merger to create Hollywood powerhouse Skydance

Tens of thousands of demonstrators took to the streets across France on Tuesday, as unions and teachers joined high school students who for days have been demanding better learning conditions in protests punctuated by violent confrontations.

'No future': Thousands mass in France for high school protests

The US trade deficit widened more than expected in August, driven by a surge in imports of goods amid robust domestic demand, keeping trade on track to again subtract from economic growth in the third quarter.

US trade deficit widens in August amid strong imports

Google was accused of overcharging Android app developers for over a decade, leading to inflated prices on the Play Store for about 20 million UK customers.

Google accused of overcharging 20 mil consumers in UK class action

Zetrix AI Bhd (KL:ZETRIX) said the exact amount it owes the Road Transport Department (JPJ) is still being finalised between the two parties, a day after Transport Minister Anthony Loke Siew Fook said the company had accumulated RM314 million in unpaid remittances.

Zetrix says still finalising amount owed to JPJ after Loke reveals RM314m arrears

THE ongoing issues at digital services and technology infrastructure provider Zetrix AI Bhd (KL:ZETRIX) could be a long-drawn affair, with managing director Wong Thean Soon, better known as TS Wong, likely to seek legal recourse after recent developments at the company ravaged its share price.</p...

TS Wong could seek legal recourse over issues at Zetrix

Zetrix AI Bhd (KL:ZETRIX) faces uncertainty over its revenue collection business after the Ministry of Transport (MOT) suspended its services as a collection agent for the Road Transport Department (JPJ) over unremitted government funds totalling RM314 million.

Zetrix AI's business continuity uncertain after JPJ suspension — MBSB Research

Top Glove Corporation Bhd (KL:TOPGLOV) said it is confident of weathering headwinds ahead after earnings jumped nearly five times in the recently ended quarter, sending its shares higher.

Ray Dalio warns China, Japan may pull back from US Treasuries

KUALA LUMPUR (Oct 6): Malaysian banks are working towards introducing fraud alert capabilities that can flag potential risks before a transaction is completed.

BNM: Banks working towards fraud alert before transaction is completed

Scientex Bhd (KL:SCIENTX) is acquiring 503 acres in Pulai, Johor, for RM580 million to boost the property developer’s land bank.

Scientex to acquire 503 acres in Johor for RM580 mil

KUALA LUMPUR (Oct 6): SLGC Bhd (KL:SLG) ended its first trading day on the ACE Market below its initial public offering (IPO) price.

Construction firm SLGC ends first trading day below IPO price

<h2>Notable filings</h2>

During the week of Sept 14 to 18, notable shareholding changes among Bursa Malaysia-listed companies included those at D&amp;O Green Technologies Bhd (KL:D&amp;O), where pension fund Kumpulan Wang Persaraan (Diperbadankan) (KWAP) ceased to be a substan...

Insider Moves: D&O Green Technologies Bhd, EI Power Bhd, MQ Technology Bhd, Sealink International Bhd, Zetrix AI Bhd

CIMB Group Holdings Bhd (KL:CIMB) is exploring a sale of its business in the Philippines as part of efforts to streamline and focus on bigger markets for growth, according to people with knowledge of the matter.

CIMB considers selling Philippine business — Bloomberg

The World Bank has flagged the risk of a slowdown from a correction in global artificial intelligence (AI)-related activity, even as it raised Malaysia's 2026 growth outlook to 5.1% from 4.4% previously, driven by surging AI-related spending.&nbsp;

World Bank flags AI correction risk as it lifts Malaysia's 2026 growth outlook to 5.1%

KUALA LUMPUR (Oct 6): Investors in an agarwood scheme promoted by Asian Plantation Capital (APC) not only failed to receive any returns on their investment but also didn't see purchase money returned to them, the court heard on Tuesday.

Another dispute over agarwood scheme begins trial, investors say no ROI, purchase sum not returned

United Overseas Bank (Malaysia) Bhd (UOB Malaysia) chief executive officer Datuk Ng Wei Wei&nbsp;climbed 10 rungs to 85th place in this year's Fortune’s Most Powerful Women Asia ranking. &nbsp;&nbsp;

UOB Malaysia CEO Ng Wei Wei climbs 10 rungs in Fortune’s Most Powerful Women Asia ranking

U Mobile Sdn Bhd has achieved 90% coverage of populated areas (CoPA) nationwide, nine months ahead of schedule, said Communications Minister Datuk Seri Fahmi Fadzil.

Fahmi: U Mobile 5G coverage hits 90%, nine months ahead of schedule

The World Bank has agreed that certain elements of the goods and services tax (GST) should be implemented into Malaysia’s sales and service&nbsp;tax (SST) to address its distortionary features.

World Bank supports Malaysia’s possible integration of GST elements into SST 

CHINA’s National Food Safety Standard, which includes the Code for the Control of 3-MCPD Esters and Glycidyl Esters in Foods, came into effect on Sept 2, a year after it was issued. According to the Malaysian Palm Oil Council (MPOC), the standard is not expected to have an immediate impact on Mal...

China’s food safety code throws a curveball at palm oil industry

KUALA LUMPUR (Oct 6): Rapidus Corporation has roped in Malaysian firms — GreatAsic Technology Sdn Bhd, Infinecs Systems Sdn Bhd, Oppstar Bhd's (KL:OPPSTAR) Oppstar Technology Sdn Bhd&nbsp;and SkyeChip Bhd (KL:SKYECHIP) — as design solution associates to support the development of its global chip ecosystem framework.

Rapidus taps four Malaysian firms as design solution associates for CORE ecosystem

Outstanding repayments for loans issued by the National Higher Education Fund Corporation (PTPTN), the country's main tertiary education loan provider, stood at RM10.7 billion as at Aug 31.

PTPTN loan arrears hit RM10.7b as at Aug 31 — minister

Top Glove Corp Bhd (KL:TOPGLOV) expects an even better FY2027 after its net profit tripled in the financial year ended Aug 31, 2026 (FY2026).

Top Glove expects an even better FY2027 after strong FY2026

The monsoon transition phase is expected to begin on Friday, Oct 9, and continue until late October, marking the end of the Southwest Monsoon, which began on May 14.

Monsoon transition phase starting Friday expected to bring heavy rain, gradually diminish haze

KUALA LUMPUR (Oct 6): Five of the nine technology drivers identified under the National Technology Sovereignty Framework (NTSF) have been deemed critical to national sovereignty and possess strong commercial potential.

Felicia Tan

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