Gavin Thompson of Wood Mackenzie says oil demand growth will be driven in part by changes in IMO regulations in 2020. He predicts that production could grow by 1.4 million barrels a day next year.</div><div class=inPageAd id=div-gpt-ad-inpage>

Wood Mackenzie sees 'pretty strong' oil demand growth in 2020

PUTRAJAYA (Nov 8): The founding couple of FashionValet Sdn Bhd linked to investment losses of Khazanah Nasional Bhd (Khazanah) and Permodalan Nasional Bhd (PNB) resumed giving their statement to the Malaysian Anti-Corruption Commission (MACC) on Friday.

Op Favish: FashionValet founders resume giving statement to MACC

ANZ Group Holdings Ltd’s profit missed estimates as chief executive officer Shayne Elliott said competition in the mortgage market remained intense. 

Cash profit slipped to A$6.73 billion (US$4.5 billion or RM19.62 billion) in the 12 months to Sept 30, from A$7.41 billion the previous year, the Melbourne-based lender said in a statement on Friday. That compared with the A$6.81 billion average estimate in a Bloomberg survey of analysts.

ANZ profit drops as competition bites in home-lending market

SUNGKAI (Nov 8): FGV Holdings Bhd (KL:FGV), one of the world’s largest producer of crude palm oil (CPO), said it is actively working with its clients to facilitate the export of crude-palm-kernel-oil (CPKO) products that comply with the European Union Deforestation Regulation (EUDR) into Europe.

FGV working closely with clients to facilitate export of crude-palm-kernel-oil products

Pentamaster Corp Bhd (KL:PENTA) led the fall among semiconductor-related counters on Bursa Malaysia on Friday, after the company announced that its quarterly net profit tumbled to a six-year low.

Gloomy earnings outlook puts semiconductor-related stocks under selling pressure

After a peer-beating 175% stock rally from its January low, Southeast Asia’s top online-shopping company Sea Ltd faces a high bar to impress investors with its upcoming third-quarter earnings report.

Sea needs more than good earnings to sustain 175% comeback rally

KUALA LUMPUR (Nov 8): Malaysia’s unemployment rate remained stable in September this year, as the number of jobless people fell while the labour force expanded, latest data showed.

Malaysia’s unemployment rate unchanged at 3.2% in September 2024 — DOSM

Maxis Bhd’s (KL:MAXIS) continuous efforts to recruit subscribers with lower prices are paying off. 

The telecommunications company announced that its net profit grew by 28% for the three months ended Sept 30, 2024 (3QFY2024), helped by a larger subscriber base, coupled with a drop in staff costs after earlier lay-offs.

Maxis 3Q net profit rises 28% with more subscribers, lower staff costs

Johor's economy is expanding into high-growth sectors, including food technology, agritech and renewable energy, showcasing the state's adaptability to global trends.

State Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han said these areas reflect Johor's responsiveness and readiness to embrace change.

Johor targets high-growth sectors to drive economic expansion

Chinese builder Hopson Development Holdings Ltd is in talks for a new private loan to refinance an expired bridge facility that backed the purchase of some property in Hong Kong, according to people familiar with the matter.

Chinese builder Hopson in talks with Temasek unit for loan — Bloomberg

JAKARTA (Nov 8): Indonesia's new leader Prabowo Subianto set off for China on Friday, for his first international trip as president, kicking off a tour that will include stops in the United States, Britain, and South America for the Asia-Pacific Economic Cooperation (Apec) and Group of 20 (G20) summits.

Indonesia’s Prabowo heads to China at start of multi-country trip

KUALA LUMPUR (Nov 8): Former prime minister Tan Sri Muhyiddin Yassin has to pay a total of RM1.35 million in damages for defaming ex-finance minister Lim Guan Eng with his statements concerning tax breaks for Tan Sri Syed Mokhtar Al-Bukhary’s charity foundation Yayasan Albukhary.

Court orders Muhyiddin to pay RM1.35m in damages to Guan Eng over defamatory comments on Yayasan Albukhary’s tax breaks

A spate of lacklustre debuts throughout October fails to dent sentiment as issuers charge ahead with their initial public offerings (IPO) while investors still want a piece of the market action.

Issuers charge ahead with IPOs, investors unfazed despite string of weak debuts

US Federal Reserve (Fed) chair Jerome Powell said he would not resign from his role if asked to do so by a re-elected Donald Trump, following the Fed’s decision on Thursday to lower interest rates by a quarter percentage point.&nbsp;

Fed cuts rates by 25 bps; Powell says wouldn’t resign if asked by Trump

Donald Trump's recent US election&nbsp;win will affect Malaysian exporters, but is largely neutral for domestic growth, the ringgit, and the equity market, said CGS International.

Trump presidency largely neutral for Malaysia, while market consolidation offers buying opportunities — CGS

Asian stocks rose broadly on Friday, tracking Wall Street's overnight rise to record highs, as investors digested the Federal Reserve's (Fed)&nbsp;message&nbsp;for careful interest rate cuts, even with expectations for big fiscal spending under incoming US President Donald Trump.

Asian stocks climb on Wall Street's lead; dollar sags after Fed cut

Former deputy international trade and industry minister Professor Dr Ong Kian Ming wondered if are there plans for Digital Nasional Bhd to transition fully to a 100% mobile network operator-owned entity, so that it can compete fairly with U Mobile once the second 5G network is rolled out to a high enough area of coverage.

Questions on the second 5G network

Maxis Bhd’s (KL:MAXIS) continuous efforts to recruit subscribers with lower prices are paying off.&nbsp;

The telecommunications company announced that its net profit grew by 28% for the three months ended Sept 30, 2024 (3QFY2024), helped by a larger subscriber base, coupled with a drop in staff costs after earlier lay-offs.

KUALA LUMPUR (Nov 8): Shares of Pentamaster Corp Bhd (KL:PENTA) fell on Friday, after the automated test equipment company reported that its net profit nearly halved in the latest quarter.

Pentamaster shares fall after profit nearly halved in latest quarter

Hong Leong Investment Bank (HLIB) proposed that revisiting the Shenton House acquisition could present a prime opportunity for IOI Properties Group Bhd (KL:IOIPG), given the favourable market conditions.

Revisiting acquisition of Shenton House 'best available option' for IOI Properties — HLIB

Russian President Vladimir Putin congratulated Donald Trump on his victory in the US presidential election, and said he is ready to hold discussions with the new American leader.

Putin says Trump’s proposals on Ukraine deserve attention

Analysts are&nbsp;positive about Axiata Group Bhd's (KL:AXIATA) focus on emerging markets&nbsp;while reaping benefits from the CelcomDigi merger over a longer term.

Analysts positive on Axiata's emerging-market focus, CelcomDigi merger benefits

US stocks hit fresh all-time highs, climbing alongside bonds and commodities, in a concerted cross-asset advance that by one measure was the best for a Federal Reserve (Fed) day in 2024.

Wall Street has best Fed day of 2024 across assets

WASHINGTON&nbsp;(Nov 7):&nbsp;Donald&nbsp;Trump's&nbsp;Republicans were projected to pick up another US Senate seat on Thursday, and appeared to be retaining their narrow hold on the House of Representatives, putting them&nbsp;on track to control both chambers of Congress&nbsp;next year.

Republicans widen Senate majority, on track to win House

KUALA LUMPUR (Nov 7): The Malaysian Armed Forces (MAF) has confirmed that six members of the Malaysian Battalion (MALBATT) were injured in an explosion near Saida Stadium in Lebanon on Thursday.

Six Malaysian Battalion members injured in Lebanon blast — armed forces

SINGAPORE (Nov 8): Sats has returned to the black with a profit of S$134.7 million (RM444.5 million) for its 1HFY2025 ended Sept 30,2024, reversing from a loss of S$7.8 million in 1HFY2024, with a growth of S$142.5 million year-on-year.

Sats returns to black with 1HFY2025 profit of S$134.7m, declares 1.5 Singaporean cents dividend

KUALA LUMPUR (Nov 8): As the year-end 11.11 sale is approaching, e-commerce giant Lazada Malaysia introduced AI Lazzie, an artificial intelligence (AI) shopping assistant to help users navigate, discover and shop on the platform.

Lazada launches new AI assistant on its app

Pentamaster Corp Bhd (KL:PENTA) led the fall among semiconductor-related counters on Bursa Malaysia on Friday, after the company announced that its quarterly net profit tumbled to a six-year low.&nbsp;&nbsp;

Oil rose, tracking equity markets, as traders digested competing narratives on how Donald Trump’s presidency will affect the crude market.&nbsp;

West Texas Intermediate advanced 0.9% to settle above US$72 (RM316.19) a barrel, helped by the weakening dollar and climbing equities. Global benchmark Brent rose to settle just below US$76.&nbsp;

Oil rises as traders dissect production, geopolitics under Trump

Malaysia’s industrial output rose slower than expected in September, as manufacturing activity and electricity generation growth eased, while mining production contracted, official data on Friday showed.

Malaysia's industrial output grew slower in September, mining sector contracted further, official data show

Donald Trump’s victory in the US presidential election has cleared an immediate hurdle for new European stock sales, but uncertainties around tariffs and other policies raise questions over the region’s longer-term prospects.