<div class=newsTextDataWrapInner>KUALA LUMPUR (May 22): His Majesty Sultan Ibrahim and Her Majesty Raja Zarith Sofiah, the King and Queen of Malaysia,&nbsp;wished Malaysian Buddhists on Thursday, a Happy Wesak Day.</div>

<div class=newsTextDataWrapInner>Their Majesties said that racial harmony is the pillar of national unity.</div>

<div class=newsTextDataWrapInner>“Happy Wesak Day to all Buddhists in this country,” said Their Majesties in a post on Sultan Ibrahim Sultan Iskandar's Facebook page.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

KUALA LUMPUR (May 22): His Majesty Sultan Ibrahim and Her Majesty Raja Zarith Sofiah, the King and Queen of Malaysia, wished Malaysian Buddhists on Thursday, a Happy Wesak Day.

King, Queen extend Happy Wesak Day greetings to all Malaysian Buddhists

The cabotage policy will be reintroduced in Sarawak at the request of the Sarawak government, said Transport Minister Anthony Loke Siew Fook. 

He said this policy aims to support the growth of the domestic shipping industry, particularly in Sarawak, due to the high number of shipping companies and shipbuilding activities present in the state.

Cabotage policy to be reintroduced in Sarawak to bolster local shipping industry, says Loke

Malaysia’s plan to join intergovernmental organisation BRICS (Brazil, Russia, India, China and South Africa) will not adversely impact its electrical and electronics (E&E) sector, said Science, Technology and Innovation Minister Chang Lih Kang.

Joining BRICS will not adversely affect Malaysia's E&E sector, says minister

The National Higher Education Fund Corporation (PTPTN) has launched its first-ever loan restructuring campaign, offering a minimum payment of RM300 to encourage borrowers to settle their arrears.

PTPTN launches loan restructuring campaign with minimum payment of RM300

The upcoming Sungai Bakap state by-election in Penang will see a straight fight between candidates from Pakatan Harapan (PH) and Perikatan Nasional (PN).

Straight fight between PH and PN in Sungai Bakap by-election on July 6

Unopposed in the party election, Datuk Seri M Saravanan retained the post of the MIC deputy president for the 2024-2027 term.

MIC president Tan Sri SA Vigneswaran announced the results after Saravanan remained the sole nominee for the post, when nominations closed at 1pm on Saturday.

Saravanan retains MIC deputy president post for second term

The government is confident that Malaysia’s position in the International Institute for Management Development's (IMD) World Competitiveness Ranking 2025 will improve from this year, driven by an increase in high-technology product exports.

Zafrul: Malaysia set to improve position in IMD's 2025 competitiveness ranking

The exploitation by certain parties of BlackRock Inc's purported involvement in the restructuring of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) are mere political tactics aimed at creating a negative public perception.

Exploiting BlackRock issue mere political tactics to create negative perception, says Fahmi

China’s support for Russia in the war against Ukraine is the main reason for the deterioration in economic relations between Berlin and Beijing, Germany Vice Chancellor Robert Habeck said on Saturday.

German vice chancellor says China support for Russia hurts ties

Tech giant Apple has opened its first official store in the heart of downtown KL at The Exchange TRX.

Apple The Exchange TRX officially opens its doors

Russia launched a new barrage of missiles and drones in an overnight attack on Ukraine on Saturday, damaging energy facilities in the southeast and west of the country and injuring at least two energy workers, Ukrainian officials said.

Russia's air strike damages Ukrainian power facilities, injures two

Nvidia Corp’s run as the world’s most valuable company didn’t last long.

Shares in the semiconductor giant have fallen 6.7% in the last two days, erasing over US$220 billion (RM1.03 trillion) in market capitalisation and dragging the company from its place as the world’s top stock. Nvidia’s market cap was about US$3.1 trillion on Friday, lower than Apple Inc&nbsp;at US$3.2 trillion and Microsoft Corp&nbsp;at US$3.3 trillion.&nbsp;

Nvidia sheds US$220b after short run as top stock

Impatient shareholders are questioning Axiata Group Bhd’s (KL:AXIATA) continued investments abroad. Citing the group’s losses in Nepal, a number of shareholders asked the board of directors and its chief executive officer why the group should continue investing in frontier markets at its recent annual general meeting. At least one suggested that Axiata liquidate its regional portfolio and concentrate investments in Malaysia.

Why resilient units in the region remain key to Axiata’s dividend aim

The upcoming Sungai Bakap state by-election in Penang will see&nbsp;a straight fight between candidates&nbsp;from Pakatan Harapan (PH) and Perikatan Nasional (PN).

Rishi Sunak’s advisers have known for some time that it was unlikely he would win the UK general election. When they received internal polling this week confirming the prime minister was on course for a worst-case scenario, they privately accepted defeat and shifted their focus to ensuring survival of the Conservative Party.

The week that Rishi Sunak’s July election bet seemed to go bust

Lawmakers will table a pair of bills this week that will facilitate the merger between economic aviation regulator Malaysian Aviation Commission (Mavcom) and its technical counterpart Civil Aviation Authority of Malaysia (CAAM).

The Week Ahead: Bills on Mavcom-CAAM merger, May inflation and IPO prospectus launches in focus

Medium-haul, low-cost carrier AirAsia X Bhd (KL:AAX) was the most punctual of four Malaysia-based airlines in May, having 88.7% of its international flights departing within 15 minutes of the scheduled departure time, according to latest data by the Malaysian Aviation Commission (Mavcom), the country’s economic aviation regulator.

AirAsia X leads among four Malaysia-based airlines for punctuality in May

The cabotage policy will be reintroduced in Sarawak at the request of the Sarawak government, said Transport Minister Anthony Loke Siew Fook.&nbsp;

He said this policy aims to support the growth of the domestic shipping industry, particularly in Sarawak, due to the high number of shipping companies and shipbuilding activities present in the state.

A gauge of&nbsp;global&nbsp;stocks declined for a second straight session on Friday, weighed down by weakness in technology shares, while the dollar hit its highest level since early May as a gauge of US&nbsp;business activity edged up to a more than two-year high.

Stocks dip but up for the week, US dollar climbs

Thai Prime Minister Srettha Thavisin used his first monthly television address as the country’s leader to promote plans for legalising casinos and building a nuclear power plant to curb illegal gambling and reduce electricity costs.

Thai PM touts plans for casinos, nuclear power in first TV talk

Apple Inc&nbsp;is withholding a raft of new technologies from hundreds of millions of consumers in the European Union (EU), citing concerns posed by the bloc’s regulatory attempts to rein in Big Tech.&nbsp;

Apple won’t roll out AI tech in EU market over regulatory concerns

The reaction of Chinese social media users to a spate of recent violent attacks has exposed widespread discontent about the nation’s downturn, as economic pressures mount.

Shanghai police reported a stabbing Wednesday morning in one of the city’s metro stations, which — like other subway lines in major Chinese cities — has security checks at its entrances. The suspect was detained after injuring three people and the case is under investigation, police said in a statement.

China’s spate of violence prompts outburst of economic anxiety

The exploitation by certain parties of BlackRock Inc's purported involvement in the restructuring of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) are mere political tactics aimed at creating a negative public perception.

The US Justice Department (DOJ) told attorneys for families of victims of two fatal 737 Max crashes that it still had not decided whether to pursue criminal charges against Boeing Co, after determining last month the planemaker had breached a 2021 agreement with the government.&nbsp;

US Justice Dept hasn’t decided whether to prosecute Boeing

Automotive and environmental groups are at odds over how far Canada should go in imposing new tariffs on Chinese-made electric vehicles (EVs), as Prime Minister Justin Trudeau’s government&nbsp;weighs&nbsp;levies to protect the domestic industry.

Canada’s China EV tariff plan draws debate over best approach

OpenAI has bought Rockset, an enterprise search and analytics start-up, marking the most significant acquisition to date for the high-profile artificial intelligence (AI) company.&nbsp;

OpenAI buys enterprise start-up to help customers sift through data

Nomination for the Sungai Bakap state by-election closed at 10am on Saturday.

Returning officer Khairulnizam Hashim made the announcement at the Jawi Multipurpose Hall, Taman Desa Jawi,&nbsp;here.&nbsp;

Nomination for Sungai Bakap by-election closes at 10am

China’s support for Russia in the war against Ukraine is the main reason for the deterioration in economic relations between Berlin and Beijing, Germany Vice Chancellor Robert Habeck said on Saturday.

The government is confident that Malaysia’s position in the International Institute for Management Development's (IMD)&nbsp;World Competitiveness Ranking 2025 will improve from this year, driven by an increase in high-technology product exports.

Unopposed in the party election, Datuk Seri M&nbsp;Saravanan retained the post of the MIC deputy president for the 2024-2027 term.

MIC president&nbsp;Tan Sri SA Vigneswaran&nbsp;announced the results after Saravanan remained the sole nominee for the post, when nominations closed at 1pm on Saturday.

When interest rates decline and stabilise, financial-market participants tend to take on greater leverage and risk. The challenge for regulators, then, is to prevent those risks from becoming systemic and causing a broader economic crisis.

Capital markets believe that interest rates are...