Petronas president and group CEO Tengku Muhammad Taufik Tengku Aziz talks about a decarbonised future and why oil and gas will still be a prominent part of the energy mix worldwide.</div><div class=inPageAd id=div-gpt-ad-inpage>

NEWS: Petronas CEO: ‘Exploration is not dead’

Sarawak has marked its entry as a significant player in the global methanol market with the launch of the RM7 billion Sarawak Petchem Methanol Complex in Tanjung Kidurong here Monday.

Sarawak Premier Tan Sri Abang Johari Tun Openg said the project was another major investment in the state, and serves as a catalyst for more economic development, sustainable growth and social inclusivity.

Sarawak enters global methanol market with launch of RM7 bil methanol complex

The World Islamic Tourism Conference (WITC) returns this September with the theme “Forging Connections.”

NEWS: WITC returns this September

Datuk Awang Bemee Awang Ali Basah, a former Nangka state assemblyman from Sarawak, was appointed as the 21st president of the Dewan Negara on Monday.

He replaced Datuk Mutang Tagal, who passed away on May 10.

Awang Bemee appointed as 21st president of Dewan Negara

Malaysia is considering joining several international organisations, including the Organisation for Economic Co-operation and Development (OECD), said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Malaysia mulling OECD membership, says Zafrul

SINGAPORE/KUALA LUMPUR (July 22): A tanker that was involved in a collision near Singapore last week entered the area of Malaysia's Bertam floating oil terminal on Monday morning, after it was intercepted by local authorities on Sunday, shipping data from LSEG and Kpler showed.

Fire-hit tanker enters Malaysian terminal area after being detained by coast guard

Petroleum Sarawak Bhd, the state-owned oil and gas company also known as Petros, signed gas sale agreements with Sarawak Petchem Sdn Bhd and Sarawak Energy Bhd to kick off its role as Sarawak's sole gas aggregator to buy and sell all natural gas in the state.

Petros signs gas sale agreements with Sarawak Petchem, Sarawak Energy

KUALA LUMPUR (July 22): Genting Plantations Bhd’s (KL:GENP) recent acquisition of land in Bogor, Greater Jakarta, will increase its estimated end-FY2025 net debt of RM1.23 billion (22% net gearing) to RM1.58 billion (29% net gearing), which remains manageable.

Genting Plantations’ Jakarta land acquisition raises net debt — Kenanga

Sultan Abdul Aziz Shah Airport (Subang Airport) in Subang, Selangor — formerly the country’s main gateway — is set to be a bustling hub again.

Frankly Speaking: Resumption of jet operations at Subang Airport needs to be done right

Byju Raveendran, an Indian mathematics whiz who soared from teacher to startup billionaire before his education-technology company imploded this year, now faces his biggest test.

India ed-tech firm Byju's founder faces reckoning as startup implodes

The High Court on Monday has dismissed former prime minister Datuk Seri Najib Razak and ex-Treasury secretary general Tan Sri Dr Mohd Irwan Serigar Abdullah’s application to be given a discharge not amounting to an acquittal (DNAA) in their joint trial in relation to six counts of criminal breach of trust (CBT) of government funds of US$1.2 billion (RM6.6 billion) paid to the International Petroleum Investment Company (IPIC).

High Court dismisses Najib and Irwan's application for DNAA in IPIC case, orders trial to resume on Nov 14

KUALA LUMPUR (July 22): Malaysia’s national oil-and-gas company Petroliam Nasional Bhd, or Petronas, may lose a portion of revenue following the appointment of Petroleum Sarawak Bhd (Petros) as the&nbsp;sole gas aggregator in Sarawak, said RHB Investment Bank (RHB IB)

Petronas may lose part of revenue to Petros, capex may be hit — RHB IB

Investors have been amassing wagers on Donald Trump’s return to the White House for weeks, trimming holdings of long-term US bonds and buying bitcoin, among other things. Now, they are considering whether Joe Biden’s exit from the race boosts the odds of a Democrat victory — and how much they must recalibrate their bets.&nbsp;

Biden’s exit puts Trump trade in doubt as election gets reset

The dollar slipped and Asian stocks fell after Joe Biden ended his re-election campaign and endorsed US Vice President Kamala Harris. China’s central bank cut a key short-term interest rate.

Dollar, Asian shares drop on Biden election exit

Foreign investors maintained their buying spree on Bursa Malaysia, purchasing RM740.8 million net last week, up 54.9% from the week prior, according to MIDF Research.

Foreign investors' buying spree on Bursa up 55% in value from a week ago — MIDF

BWYS Group Bhd (KL:BWYS) opened at 32 sen on its Monday&nbsp;debut on the ACE Market of Bursa Malaysia, up 10 sen or 45.45% over its initial price offering (IPO) price of 22 sen.

BWYS debuts on ACE Market with 45% premium over offer price

The High Court on Monday has dismissed former prime minister Datuk Seri Najib Razak and ex-Treasury secretary general Tan Sri Dr Mohd Irwan Serigar Abdullah’s application to be given a discharge not amounting to an acquittal (DNAA) in their joint trial in relation to six counts of criminal breach of trust (CBT) of government funds of US$1.2 billion (RM6.6 billion) paid to the International Petroleum Investment Company (IPIC).

US President Joe Biden abandoned his re-election bid, bowing to relentless pressure from Democrats to drop out over fears he was too feeble to beat Donald Trump and injecting fresh chaos into the 2024 election.&nbsp;

Biden exits race, endorses Harris as she shores up support

The People’s Bank of China (PBOC) cut a key short-term policy rate for the first time in almost a year, stepping up support for the economy, after growth disappointed and steering a shift towards a new policy benchmark.

China’s central bank cuts key short-term rate to buoy economy

The odds are growing for Singapore’s dollar to be Asia’s best-performing currency for a third straight year, as the central bank looks set to keep using a firm exchange rate to combat inflation.

Singapore dollar has reasons to win Asia’s currency crown again

(July 22): The source of the money is shrouded in mystery. But a major Chinese real estate developer appears to be trying a novel approach to resolving its debt: it is working with a buyer to purchase bonds at deeply discounted prices, and then cancelling the securities.

Mystery bond buyer clears China developer’s debt at 90% discount

A key US regulator has privately found half of the major banks it oversees have an inadequate grasp of a broad swath of potential risks from cyber attacks to employee blunders, according to people familiar with the matter.

In the confidential assessments, the Office of the Comptroller of the Currency (OCC) said 11 of the 22 large banks it supervises have “insufficient” or “weak” management of so-called operational risk, said the people, who asked not to be identified because the information isn’t public.&nbsp;

Secret bank ratings show US regulator’s concern on handling risk

SINGAPORE/KUALA LUMPUR (July 22): A tanker that was involved in a collision near Singapore last week entered the area of&nbsp;Malaysia's Bertam floating oil terminal on Monday morning, after it was intercepted by local authorities on Sunday, shipping data from LSEG and Kpler showed.

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor sent a second letter of representation to drop two sedition charges against him over his remarks on the appointment of the Selangor menteri besar and the establishment of the federal government respectively.

Sanusi submits second letter of representation, sedition trial postponed

Some years ago, the management of a manufacturing company proposed to expand beyond its core business of producing plastic moulds. The management’s logic was to utilise the asset-rich balance sheet to diversify the business.

The proposal was promptly shot down by the board. The reason w...

Alternative Views: Review HRD Corp levy or return surplus funds

Petroleum Sarawak Bhd, the&nbsp;state-owned oil and gas company also known&nbsp;as&nbsp;Petros, signed gas sale agreements with Sarawak Petchem Sdn Bhd and Sarawak Energy Bhd to kick off its role as Sarawak's sole gas aggregator&nbsp;to buy and sell all natural gas in the state.&nbsp;

KUALA LUMPUR (July 22): Genting Plantations Bhd’s (KL:GENP) recent acquisition of land in Bogor, Greater Jakarta, will increase its estimated end-FY2025 net debt of RM1.23 billion (22% net gearing) to RM1.58 billion (29% net gearing), which remains manageable. &nbsp;

KUALA LUMPUR (July 22): Umno&nbsp;members should prioritise party unity and avoid attacking each other, said the party's Supreme Council member&nbsp;Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

Tengku Zafrul advises Umno members to rally around party, avoid bickering

Malaysia stands at a critical juncture where its economic prosperity, historically tied to fossil fuels, must pivot towards a sustainable future. With the 2050 net zero target in the near view, the country needs an effective capital mobilisation plan to achieve its climate goals and ensure a thriving economy.

Mobilising capital for a just transition in Malaysia

Gold gained as markets weighed US President Joe Biden’s decision to end his re-election bid, which sparked fresh questions over whether the move will help or hinder Donald Trump’s chances of returning to the White House.

Gold climbs as Biden’s election withdrawal injects fresh chaos

China’s ruling Communist Party pledged to accelerate a new housing model that emphasises renting and ramps up affordable homes, following a record property slump.&nbsp;