<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 1): Sapura Energy Bhd said it has been “advancing its plan” to regularise its financial position since being classified as a Practice Note 17 (PN17) company and given time extension to come up with the plan.</p></div>

<div class=newsTextDataWrapInner><p>The financially troubled company has been given a six-month extension up till Nov 30, 2024, from Bursa Malaysia Securities Bhd to submit its regularisation plan. It said Monday’s status update is part of the listing requirements of the Main Market of Bursa Malaysia.</p></div>

<div class=newsTextDataWrapInner><p>“The company, together with its advisors, will continue to actively develop the plan to ensure that the plan is sufficiently robust to address its business and financial conditions. The company will make the necessary announcements should there be any further material developments on the above matter,” it said in a stock exchange filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>At 3.02pm, the company’s shares were flat at four sen with 2.31 million shares traded.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Lam Seng Fatt</em></p></div>


Sapura Energy Bhd said it has been “advancing its plan” to regularise its financial position since being classified as a Practice Note 17 (PN17) company and given time extension to come up with the plan.

Sapura Energy says 'actively developing' financial regularisation plan

The Selangor Water Management Authority (LUAS) detected an oil spill at the Jalan Tangki flood gate in Port Klang near here at around 11am on Friday.

Oil spill detected at Port Klang

Sarawak, which is rich in cultural heritage and rapidly growing in the technological scene, has great potential in the global gaming industry and to become a world hub for game development innovation, said Deputy Digital Minister Datuk Wilson Ugak Anak Kumbong.

Sarawak has game development potential — deputy digital minister

US President Joe Biden survived the most critical day of his campaign reset, avoiding major missteps in a pivotal prime-time interview and earning a warm reception at a raucous Wisconsin rally.

Biden clings to campaign, but scepticism among allies persists

Jordan Bardella has helped steer France's far-right National Rally (RN) towards its first real chance of power, the rapidly emerging fresh face of a party that has sought to clean up its image and widen its appeal in recent years.

Le Pen's investment in far-right Bardella pays off ahead of French election

The Melaka government is urging for the construction of the waste-to-energy (WTE) plant at the Sungai Udang Sanitary Landfill to be expedited, as the tender was awarded over two years ago.

Melaka exco urges expedited construction of waste-to-energy plant

The government is focusing on the recovery of 1Malaysia Development Bhd (1MDB) assets, following the settlement agreement between the US Department of Justice (DOJ) and fugitive Low Taek Jho, also known as Jho Low, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Malaysia's priority is repatriation of 1MDB assets — home minister

Around 5,700 residents were relocated after waters breached a dike at China's second-largest freshwater lake in the south of the country, while rescue workers rushed to contain further damage from outflows, Chinese state media said on Saturday.

Residents relocated after dam breach at China's second-largest freshwater lake

The Ministry of Plantation and Commodities will collect data related to the costs involved from all players in the palm oil industry before any decision regarding the windfall profit levy (WPL) on palm oil in this country is sent to the Ministry of Finance (MOF).

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Polling for the Sungai Bakap state by-election kicked off at 8am on Saturday, and 38.3% of the 39,222 registered ordinary voters had come out to vote as of 1pm, according to the Election Commission (EC).

Sungai Bakap state by-election: 38.3% voter turnout as of 1pm

The government will conduct further review concerning the two foreign worker management systems alleged to have overlapping functions, as revealed by the Public Accounts Committee (PAC) on Wednesday.

Govt to review overlapping functions of foreign worker management systems after PAC findings

<p>Bank Negara Malaysia (BNM) clarified on Saturday recent commentaries related to the implementation of co-payment requirements for medical and health insurance and takaful (MHIT) products, saying it aims to promote sustainability and affordability.</p>


Co-payment requirements for medical and health insurance and takaful products to promote sustainability, affordability — BNM

<p>The Public Accounts Committee’s (PAC) inquiry into the affairs of the Human Resource&nbsp;Development Corporation (HRD Corp), particularly its investments and governance structure, has opened a can of worms.</p>


Shenanigans at HRD Corp

<p>Bursa Malaysia’s average daily trading value&nbsp;surged 59% to RM3.27 billion&nbsp;in the first half of the year (1H2024), from RM2.06 billion for the same corresponding period in 2023, showing that trading on the equity market is thriving.</p>


Bursa's 1H average daily trading value up 59% to RM3.27b — CEO

<p>Premier Tan Sri Abang Johari Tun Openg has indicated that there will be an official signing ceremony for Sarawak to acquire a major stake in “a bank” — widely understood to be Affin Bank Bhd (KL:AFFIN) — on July 19.</p>


Sarawak premier hints at formalising Affin Bank deal on July 19

<p>Global&nbsp;stocks rose while US&nbsp;Treasury yields dipped on Friday after highly anticipated jobs data boosted market expectations of a Federal Reserve (Fed) interest-rate cut.</p>


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<p>An eight-day winning streak for Tesla Inc&nbsp;shares sent the world’s most valuable automaker into positive territory for the first time this year.</p>


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<p>Lawmakers will debate the latest <b>Auditor-General’s (AG) Report 2/2024</b> when parliament resumes session this week following a one-day break for Awal Muharram on Monday.</p>


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<p>Equities in China and India are being touted as potential outperformers in Asia in the second half of the year (2H2024), as investors flock to emerging-market (EM) themes.</p>


Chinese, Indian stocks favoured over Japan in Asia’s 2H

<p>The Ministry of Rural and Regional Development will resolve the RM286.30 million loss of Mara Incorporated Sdn Bhd (Mara Inc) highlighted in the Auditor General's Report and ensure it does not recur, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.</p>


Zahid: Mara Inc to ensure no recurrence of loss as shown in AG's Report

<p>Nine polling centres with&nbsp;65 voting streams opened simultaneously at 8am on Saturday for the Sungai&nbsp;Bakap state by-election.</p>


Sungai Bakap state by-election: Nine polling stations open at 8am

<p>Much of the reporting last month about the “non-renewal” of a decades-old “petrodollar agreement” between Saudi Arabia and the United States was riddled with inaccuracies and half-truths. Some outlets even went so far as to allege that Saudi Arabia would “stop using the US dollar for oil sales.” ...

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<p>Polling for the Sungai&nbsp;Bakap&nbsp;state by-election kicked off at 8am on Saturday, and 38.3% of the 39,222 registered ordinary voters had come out to vote as of 1pm, according to the Election Commission (EC).&nbsp;&nbsp;</p>


<p>The percentage of voter turnout among young people in the Sungai Bakap state election on Saturday morning was encouraging, said Election Commission (EC) chairman Datuk Seri Ramlan Harun.&nbsp;</p>


Encouraging turnout of young voters for Sungai Bakap state by-election, says EC

<p>The government is focusing on the recovery of 1Malaysia Development Bhd (1MDB) assets, following the settlement agreement between the US Department of Justice (DOJ) and fugitive Low Taek Jho, also known as Jho Low, said Home Minister Datuk Seri Saifuddin Nasution Ismail.</p>


<p>The government will conduct further review concerning the two foreign worker management systems alleged to have overlapping functions, as revealed by the Public Accounts Committee (PAC) on Wednesday.</p>


<p>Iran's president-elect, low-profile moderate Masoud Pezeshkian&nbsp;carries the hopes of millions of Iranians seeking less restrictions on social freedoms and a more pragmatic foreign policy.</p>


Iran's Pezeshkian brings hopes of moderation after routing hard-line rival

<p>Türkiye will soon unveil an agreement with BYD Co&nbsp;to construct a US$1 billion (RM4.71 billion) plant in the west of the country, Turkish officials said, boosting the Chinese carmaker’s presence in Europe at a time of escalating trade tensions.</p>


China’s BYD to build US$1b EV plant in Türkiye, Bloomberg reports

<p>Around 5,700 residents were relocated after&nbsp;waters breached a dike at&nbsp;China's second-largest freshwater&nbsp;lake in the south of the country, while rescue workers rushed to contain further damage from outflows, Chinese state media said on Saturday.</p>


<p>The Ministry of Plantation and Commodities will collect data related to the costs involved from all players in the palm oil industry before any decision regarding the windfall profit levy (WPL) on palm oil in this country is sent to the Ministry of Finance (MOF).</p>


<p>The Melaka government is urging for the construction of the&nbsp;waste-to-energy (WTE) plant at the Sungai Udang Sanitary Landfill to be expedited, as the tender was awarded over two years ago.</p>
