Boustead Holdings Bhd has clarified that it has not entered into any agreement to sell its 57% stake in Boustead Plantations Bhd.

No agreement on sale of plantation arm, says Boustead Holdings

Malaysia’s economy, as measured by gross domestic product (GDP), grew 5.6% year-on-year (y-o-y) in the first quarter of 2023 (1Q2023), driven by further expansion of household spending, strong growth in employment as well as continued expansion, which have supported private consumption spending.

Malaysia’s economy grew 5.6% y-o-y in 1Q2023, says BNM

On May 1, Leow Thang Fong took over as CEO of South Malaysia Industries Bhd (SMI).

Frankly Speaking: SMI has some explaining to do

Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.

Without disclosing more details on the issues to be discussed, he said Malaysia has continued to receive interests from foreign investors.

Anwar scheduled to have an online meeting with Google on Monday

Qantas Airways Ltd will pay a A$100 million (RM313.78 million) penalty and compensate passengers for selling tickets on thousands of flights it had already decided to cancel, as chief executive officer Vanessa Hudson continues costly repairs to the airline’s battered reputation.

Qantas settles ‘ghost flight’ lawsuit as cleanup costs mount

Australia’s central bank will likely keep its key interest rate at a 12-year high and stick with it for much of the year to restrain inflationary pressures underpinned by a surprisingly tight job market.

RBA seen keeping rate at 12-year high as inflation creeps in

Asian stocks rose on Monday on renewed bets that the Federal Reserve (Fed) would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.

Asia shares rally on Fed cut bets; yen pares gains

Shares of Fraser & Neave Holdings Bhd (F&N) surged to their highest in five years as better-than-expected results buoyed investors' optimism while analysts maintained their calls following a briefing.

F&N surges to five-year high

Global economic weakness and a slowing domestic economy were among the reasons Australia will report a smaller revenue increase in its federal budget for the year ended June 30 compared to recent years, the government said on Sunday.

Slowing global economy to mean smaller revenue bump in Australian budget

Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the US and a return to normal consumption after last year's bounce following Covid-19.

Gasoline demand growth to slow this year on EV growth in China, US

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

In an alert last Thursday, the commission said the following persons/entities were added to the list:

SC adds six entities to Investor Alert List, four being potential clones

It is uncommon to see a listed company being issued a show-cause notice by regulators.

Frankly Speaking: Show-cause notice a stern warning for Annum

The FBM KLCI’s uptrend has been relentless since mid-April as accumulation on blue chips&nbsp;by both local institutions and foreign funds continues, according to Rakuten Trade.

Banks, construction to be in focus as FBM KLCI could test 1,600 soon, says Rakuten Trade 

Foreign buying of Malaysian equities surged 3.6 times to RM1.06 billion last week from RM292.2 million the prior week, as they net bought every day of the week.

Foreign buying of local equities surged to RM1.06b last week, says MIDF

Phillip Capital has initiated coverage on T7 Global Bhd with a “buy” rating at 53 sen and a target price of 68 sen.

Phillip Capital starts coverage on T7 Global, target price 68 sen 

BMI, a Fitch Solutions company, said Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards under-explored areas.

BMI: Deepwater exploration in Malaysia gathers momentum

Across much of the developed world, one of the most dependable drivers of economic growth is faltering.

For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rates.

Global housing shortages are crushing immigration-fuelled growth

Shares of Fraser &amp; Neave Holdings Bhd (F&amp;N) surged to their highest in five years as better-than-expected results buoyed investors' optimism while analysts maintained their calls following a briefing.

EQT AB agreed to buy technology consultant Perficient Inc in a deal valued at about US$3 billion (RM14.22 billion) including debt.

EQT to buy tech consultant Perficient in US$3b deal

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

In an alert last Thursday, the commission said the following persons/entities were added to the list:

Australia’s housing rental value hit a fresh record in April with some cities seeing renewed growth momentum, a troubling sign for the Reserve Bank that’s likely to leave borrowing costs at a 12-year high this week to stave off price pressures.

Australia’s housing rent hits record high in headache for central bank

The new chief executive of Brooks Running said the running shoe maker owned by Warren Buffett's Berkshire Hathaway&nbsp;views China and Europe as growth areas for a business that generates most revenue in the US.

Berkshire's Brooks Running CEO sees China, Europe as growth areas

Republican presidential candidate Donald Trump accused Democratic rival President Joe Biden of running a "Gestapo administration" in a private address to donors in which he also attacked prosecutors involved in his criminal indictments, according to a recording heard by US media outlets.

Trump accuses Biden of running 'Gestapo administration'

Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the US and a return to normal consumption after last year's bounce following Covid-19.

Los Angeles police cleared a pro-Palestinian encampment at the University of Southern California (USC) without making arrests on Sunday following turmoil at universities across the US over the Israel-Hamas war.

LA police clear University of Southern California pro-Palestinian encampment, make no arrests

Oil futures edged up on Monday after Saudi Arabia hiked June crude prices for most regions and as the prospect of a Gaza ceasefire deal appeared slim, renewing fears the Israel-Hamas conflict could still widen in the key oil producing region.

Oil nudges higher after Saudi Arabia hikes prices

Brighton &amp; Hove Albion snapped a six-match winless run in the Premier League when they beat Aston Villa 1-0 at home on Sunday after Joao Pedro scored an 87th-minute winner in a scrappy affair.

Brighton edge Villa 1-0 to snap winless run

Manchester United centre back Harry Maguire is expected to be sidelined for the remainder of the Premier League season with a muscle injury he sustained in training, the club said on Sunday, which could rule him out of the FA Cup final.

Man Utd's Maguire expected to miss three weeks with muscle injury

Prospects for a Gaza ceasefire appeared slim on Sunday as Hamas reiterated its demand for an end to the war in exchange for the freeing of hostages, and Israeli Prime Minister Benjamin Netanyahu flatly ruled that out.

Gaza truce hopes slim; Hamas officials leaving Cairo but returning on Tuesday

Since announcing in January he would leave the team at the season's end, Liverpool's much-loved manager Juergen Klopp has been asked after virtually every good result whether that was enough to make him consider staying one more year.

No second thoughts for departing Klopp after thrilling Spurs victory

West Ham United manager David Moyes said his side lacked leadership and mental toughness in a 5-0 away thrashing at the hands of Chelsea in the Premier League on Sunday.

West Ham's Moyes says players must take responsibility after 5-0 thrashing

Asian stocks rose on Monday on renewed bets that the Federal Reserve (Fed) would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.

Syafiqah Salim & Priyatharisiny Vasu

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