Indonesia's coordinating minister of investment said that Elon Musk will consider an offer to build an electric vehicle battery plant in the country, after the CEO of Tesla met with President Joko Widodo on Monday.

Musk considering offer to build EV battery plant in Indonesia, says minister

Elon Musk and Indonesian Health Minister Budi Gunadi Sadikin launched SpaceX's satellite internet service for the nation's health sector on Sunday, aiming to improve access in remote parts of the sprawling archipelago.

Musk, Indonesian health minister, launch Starlink for health sector

Indonesia has relaxed import rules for electronic products, footwear, and textiles, its chief economic minister said on Friday, in an attempt to quickly process imported items that have piled up in ports.

Indonesia relaxes import rules for electronic products, footwear, textiles

Indonesia raised ¥200 billion (RM5.9 billion) in its largest sale of Japanese yen-denominated bonds, the finance ministry said in a statement on Friday.

Indonesia raises US$1.3b in its largest Samurai bond sale

Indonesia's central bank will likely not need to raise interest rates further as last month's hike has attracted capital inflows and stabilised the currency amid a better-than-expected global backdrop, governor Perry Warjiyo said on Wednesday.

Indonesian central bank sees no need for more rate hikes

Indonesia's economic growth in the first quarter beat expectations, buoyed by high public spending for the country's elections, but maintaining the strong pace will be challenging due to global developments and tight local monetary conditions.

Indonesia's 1Q GDP growth beats forecasts, but outlook's uncertain

Indonesia's central bank is confident that the rupiah currency will continue to regain ground against the dollar until the end of 2024, as capital inflows have returned after its recent unexpected rate hike, its governor said on Friday.

Bank Indonesia confident rupiah will strengthen into year-end, governor says

Indonesia's annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the country's statistics bureau said on Thursday, staying within the central bank's 1.5% to 3.5% target range.

Indonesia's inflation rate eases slightly in April

Abu Dhabi's largest Islamic bank is in talks to buy a minority stake valued at around US$1.1 billion (RM5.3 billion) in Indonesia's top Islamic lender, Bank Syariah Indonesia, two sources told Reuters, with an aim to tap into a fast-growing market in Southeast Asia.

Abu Dhabi Islamic Bank in talks to buy US$1.1b stake in Indonesian lender — Reuters

Indonesia's economy was primed for monetary easing later this year, but an unwelcome plunge in its currency is complicating matters for Bank Indonesia and could force it to grudgingly raise rates as early as next week.

Indonesia's plunging rupiah twists the policy plot

Legal aspects including new acts, grievance mechanism, and financial implications are among the things that need to be taken into account in establishing the framework of the Gig Workers Commission in Malaysia in order to safeguard the welfare of the group.

Legal aspects, financial implications to be considered in establishment of Gig Workers Commission framework, says HR Ministry

Singapore started selling a green bond with a maturity of around 30 years, pushing global sales higher and in line with its vow to raise S$35 billion (RM121.88 billion) in environment-focused financing by 2030.

Singapore starts green bond sale, adding to global deals record

Former attorney general (AG) Tan Sri Mohamed Apandi Ali’s special officer Mabel Sheela Mutthiah has filed an appeal at the Court of Appeal against the High Court’s dismissal of her legal suit against Sarawak Report editor Clare Rewcastle-Brown.

Ex-AG’s aide appeals dismissal of lawsuit against Rewcastle-Brown 

There is no effective competition in core credit card services, where Visa and Mastercard are the biggest players, and more transparency for users is needed, Britain's Payment Systems Regulator (PSR) said in an interim report on Tuesday.

Britain proposes obligations for Mastercard and Visa to increase competition

Hibiscus Petroleum Bhd's [KL:HIBISCS] net profit climbed by 42.37% to RM101.81 million in the third quarter ended March 31, 2024 (3QFY2024), from RM71.51 million a year ago, driven by strong oil and condensate prices of over US$90 (RM421.68) per barrel.

Hibiscus' 3Q net profit climbs 42%, driven by strong oil and condensate prices

DUTCH Lady Milk Industries Bhd (Dutch Lady Malaysia) (KL:DLADY), known for its attractive dividend payout, has garnered market interest with the completion of its new plant at Bandar Enstek in Negeri Sembilan. Year to date, the counter has risen 40% and closed at RM32.42 last Friday on expectatio...

Completion of Dutch Lady’s new facility sparks anticipation of higher dividend

Property prices and rental rates in popular gateway cities of the Asia Pacific (Apac) region are on the uptrend due to significant immigration inflows into cities, according to US-based global non-profit research and education organisation Urban Land Institute (ULI).

Urban Land Institute: Property prices and rentals in popular Apac cities on uptrend

AstraZeneca Plc aims to almost double sales to US$80 billion (RM375.29 billion) by 2030 as CEO Pascal Soriot seeks to cement his legacy at the British drugmaker that he helped to save through a bet on cancer treatments.

AstraZeneca aims for US$80 bil in sales by 2030

SoftBank Corp doubled the size of a sale of three-year and five-year bonds to ¥80 billion (US$510 million or RM2.40 billion) on strong demand from investors.

It sold ¥20 billion of three-year notes with a coupon of 0.828% and ¥60 billion of the five-year debt at 1.189%, according to underwriter Mizuho Securities Co. That compares with coupons of 0.32% for the three-year notes and 0.82% for the five-year debt, on the issue of the same maturity bonds in July 2023, before this year’s shift higher in Japanese interest rates.

SoftBank Corp doubles bond sale to ¥80b on strong demand

The Malaysian Employers Federation’s (MEF) recent pronouncements regarding young Malaysians and the job market have ignited a firestorm of criticism. Their comments, riddled with outdated stereotypes and a fundamental disconnect from economic realities, have exposed a chasm between generations. Malaysia’s job market is suffering a widening generational divide that hinders the workforce from achieving its full potential.

MySay: Employers’ mindset a turn-off for young job seekers

Northcape Capital Ltd said a bid by major shareholders to take Malaysia Airports Holdings Bhd private may face opposition due to the low valuation offered.

Malaysia Airports shareholder expresses doubt on takeover bid

Malaysia and Japan are set to confirm their cooperation in strengthening semiconductor supply chains at a meeting later this week, according to Japanese daily The Mainachi.

Malaysia, Japan set to confirm semicon supply chain tie-up — report

RHB Banking Group has launched Apple Pay for its customers in Malaysia.

RHB brings Apple Pay to customers in Malaysia

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, is on course to achieve an earnings forecast of RM6.96 billion for the financial year ending Dec 31, 2024 (FY2024), with its first-quarter results aligning with analysts’ expectations.

Public Bank on course to hit FY2024 earnings target on better outlook, say analysts

Shares of Menang Corp (M) Bhd (KL:MENANG) rose to its highest in nearly nine months after the property development and management company declared a special dividend amid six-year high quarterly earnings.

Menang shares close in on nine-month high on special dividend, earnings

Hartalega Holdings Bhd (KL:HARTA) notched a turnaround in its final quarter thanks partly to a provision reversal that also helped to bring the world’s second-largest glovemaker by volume back into the black for the year.

Hartalega returns to the black for 4QFY2024

The Federation of Investment Managers Malaysia (FIMM) recently reprimanded eight former unit trust scheme (UTS) and/or private retirement scheme (PRS) consultants for their misconducts/breaches of the FIMM’s Consolidated Rules (FCR), Code of Ethics and Rules of Professional Conduct (Second Edition), or&nbsp;Code of Ethics (Third Edition).

FIMM reprimands eight former unit trust and private retirement scheme consultants

Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) made a strong debut on Bursa Malaysia’s Main Market at RM1.10, a premium of 30 sen or 37.5% over its initial public offering (IPO) price of 80 sen, with an opening volume of 25.15 million.

Feytech makes strong Main Market debut with 30 sen premium 

The proposed fuel subsidy rationalisation by the government could impact the local automotive market, which houses its major customers, primarily consisting of automotive vehicle original equipment manufacturers (OEMs), according to automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH).

Feytech expects proposed subsidy rationalisation to impact automotive market

Rakuten Trade said Bahvest Resources Bhd (KL:BAHVEST) is poised for a potential bullish breakout from the U-shape pattern, targeting to surpass the neckline of 61 sen.

Bahvest poised for potential bullish breakout, says Rakuten Trade 

Crypto prices have surged on signs of momentum toward US approval of exchange-traded funds investing directly in second-largest token Ether, a shift from a more downbeat outlook as recently as last week.

Crypto lifted by ether’s biggest jump since 2022 on ETF outlook

Shares of Pintaras Jaya Bhd (KL:PTARAS) rose to its highest in 11 months after the construction company’s third-quarter earnings announcement.

Pintaras Jaya rises to 11-month high after announcing 3Q results

KTI Landmark Bhd expects to raise RM48&nbsp;million under its listing exercise on the ACE Market of Bursa Malaysia.

In a statement on Tuesday, the Sabah-based integrated property developer said it plans to use RM20.7 million (43.1%) of the proceeds raised from the initial public offering (IPO) to supplement its general working capital requirements for The Logg&nbsp;project, which include construction cost (building and infrastructure cost), consultants’ and professional fees, and local authority fees for the ongoing projects.

KTI Landmark to raise RM48m from ACE Market IPO

Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year.

Stocks slide, dollar holds firm as Fed focus intensifies; crypto soars

Traders are pricing in a big move for Nvidia’s shares after the chipmaker reports earnings on Wednesday, though expectations for volatility are more muted than in the past, US options markets show.

Nvidia earnings could spark US$200b swing in shares, options show

The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said.

AI-intensive sectors are showing a productivity surge, PwC says

Shares of Supercomnet Technologies Bhd (KL:SCOMNET) fell on Tuesday and may be on course for its worst day in 15 months after the medical device manufacturer reported a weaker-than-expected first quarter.

Supercomnet shares on course for worst day in 15 months after below-view 1Q

Tencent Holdings Ltd suspended the highly anticipated Dungeon &amp; Fighter Mobile within an hour of its Chinese debut Tuesday, suggesting strong initial demand for a blockbuster title that investors hope will drive revenue growth in 2024.

Tencent suspends blockbuster game within an hour of China debut

Affin Bank Bhd (KL:AFFIN), the financial services arm of the Armed Forces Fund&nbsp;Board (LTAT), said on Tuesday its net profit down was 26% lower year-on-year (y-o-y) in the first quarter, on lower net interest income and other income.

Stefanno Sulaiman

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