<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 18): Rakuten Trade said Bumi Armada Bhd has been on a steady recovery trend after experiencing a gap down and hitting its year-to-date low of 41.5 sen in June 2023.</p></div>

<div class=newsTextDataWrapInner><p>In a Technical View note on Monday, the research house said Bumi Armada broke out of its resistance of 55 sen with a high buying volume over the past four trading days.</p></div>

<div class=newsTextDataWrapInner><p>Rakuten said Brent crude is currently hovering around US$94 (RM440.06) per barrel due to tight supplies.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Fundamentally, BAB (Bumi Armada) has entered into a partnership to commercialise liquefied natural gas (LNG) from Indonesia's Madura gas field.</p></div>

<div class=newsTextDataWrapInner><p>“Its MA50 and MA20 lines are poised for a potential crossover thus share price is expected to propel higher.</p></div>

<div class=newsTextDataWrapInner><p>“Resistance levels are identified at 56 sen (R1) and 57.5 sen (R2).</p></div>

<div class=newsTextDataWrapInner><p>“On the flipside, support levels are pegged at 51 sen (S1) and 49 sen (S2),” it said.</p></div>

<div class="mt-4 embed-left"><a class="mobx embedimg-icon imgw-400" data-desc="" data-rel="ceolightbox" data-title="" href="//assets.theedgemarkets.com/pics/2023/surin-bumi-armada-story-18092023.png"><img alt="" src="https://assets.theedgemarkets.com/pics/2023/surin-bumi-armada-story-18092023.png" /></a></div>


Rakuten Trade said Bumi Armada Bhd has been on a steady recovery trend after experiencing a gap down and hitting its year-to-date low of 41.5 sen in June 2023.

In a Technical View note on Monday, the research house said Bumi Armada broke out of its resistance of 55 sen with a high buying volume over the past four trading days.

Bumi Armada on a steady recovery trend, says Rakuten

Elon Musk denied a report that his artificial intelligence startup xAI has held talks for a share in future Tesla revenue in return for giving Musk's electric vehicle maker access to xAI's technology and resources.

Musk denies report his xAI in talks over Tesla revenue

Prime Minister Datuk Seri Anwar Ibrahim advised those with suggestions or concerns regarding halal certification to raise these issues in a meeting for thorough discussion and review.

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AirAsia is ramping up its flight operations to meet growing passenger demand and with its continuing fleet expansion by year-end, this will help meet demand for air connectivity.

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Kentucky police were searching rugged terrain near a national forest for a suspect after at least seven people were wounded by gunfire while driving down the rural stretch of an interstate highway, officials said on Saturday evening.

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All work at the construction site for the Sungai Rasau Water Supply Scheme (Stage 1) project, located at Taman Mas, Puchong, Selangor has been halted to evaluate the situation and implement additional safety protocols.

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The European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as the global monetary cycle tilts toward more synchronised easing.

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The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.

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SpaceX will launch its first uncrewed Starships to Mars in two years when the next Earth-Mars transfer window opens, chief executive officer Elon Musk said in a post on social media platform X on Saturday.

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Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform.

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US Treasury Secretary Janet Yellen said on Saturday that she is "probably done" serving at the highest levels of government after President Joe Biden's term ends in January, but will likely meet again soon with her Chinese counterpart.

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<p>All work at the construction site for the Sungai Rasau Water Supply Scheme (Stage 1) project, located at Taman Mas, Puchong, Selangor has been halted to evaluate the situation and implement additional safety protocols.</p>


<p>Donald Trump pledged on Saturday to make it too costly for countries to shift away from using the US dollar, adding a new pillar to his tariff platform.&nbsp;</p>


<p>Hong Bee Land Sdn has come a long way from its humble beginnings in 1933, when it was known as Hong Bee Textiles. Today, the once low-profile property developer has established itself as one of the leading players in Selangor and Johor.</p>


Hong Bee Land gearing up for more launches

<p>The oil party isn’t over yet — but for top merchants and executives gathering for talks and rooftop cocktails in Singapore this week, the exuberance that came with the outsized profits of recent years is quickly fading.</p>


<p>AirAsia is ramping up its flight operations to meet growing passenger demand and with its continuing fleet expansion by year-end, this will help meet demand for air connectivity.</p>


<p>US Treasury Secretary Janet Yellen said on Saturday that she is "probably done" serving at the highest levels of government after President Joe Biden's term ends in January, but will likely meet again soon with her Chinese counterpart.</p>


<p>The European Central Bank will probably cut interest rates on Thursday in a prelude to a US move the following week, as the global monetary cycle tilts toward more synchronised easing.</p>


<p>Turkish President Tayyip Erdogan said on Saturday Islamic countries should form an alliance against what he called "the growing threat of expansionism" from Israel, drawing a rebuke from the Israeli foreign minister.</p>


Türkiye's Erdogan calls for Islamic alliance against Israel

<p>British tech tycoon Mike Lynch died of suffocation after running out of oxygen, an investigative source said, citing initial examinations carried out on Saturday after his body was recovered from the family yacht that sank off Sicily's coast last month.</p>


Autopsy suggests tycoon Mike Lynch likely died of suffocation in yacht — Reuters

<p>Kentucky police were searching rugged terrain near a national forest for a suspect after at least seven people were wounded by gunfire while driving down the rural stretch of an interstate highway, officials said on Saturday evening.</p>


<p>Those who have read <i>When Breath Becomes Air</i>, the beautiful and evocative autobiography by the late neurosurgeon Paul Kalanithi that documents his battle against stage IV metastatic lung cancer, can rest assured they won’t be ugly-crying while reaching for the Kleenex in the book <i>Beyond The White Coat</i>.</p>


Of passion + compassion

<p>Elon Musk denied a report that his artificial intelligence startup xAI has held talks for a share in future Tesla revenue in return for giving Musk's electric vehicle maker access to xAI's technology and resources.</p>


<p>SpaceX will launch its first uncrewed Starships to Mars in two years when the next Earth-Mars transfer window opens, chief executive officer Elon Musk said in a post on social media platform X on Saturday.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim advised those with suggestions or concerns regarding halal certification to raise these issues in a meeting for thorough discussion and review.</p>
