<div class=newsTextDataWrapInner>SINGAPORE (June 23): The Singtel Group has sold 2.8% of its stake in Gulf Development, Thailand's largest energy company, for approximately S$1 billion, as it continues its asset recycling programme to drive growth and sustainable shareholder returns.&nbsp;</div>

<div class=newsTextDataWrapInner>The transaction was executed via a private placement to institutional investors and will result in cumulative gains of approximately S$140 million in equity. The group received a 7.7% stake in Gulf Development in 2025 following the completion of the amalgamation of Intouch Holdings and its largest shareholder Gulf, to simplify Singtel’s shareholding in its Thai associate AIS.&nbsp;</div>

<div class=newsTextDataWrapInner>The merger removed Intouch as the<a href="https://www.theedgesingapore.com/news/telecommunications/singtels-partial-sale-gulf-development-stake-reaps-140-million-gain" target="_blank">...(click on link for full story theedgesingapore.com)&nbsp;</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (June 23): The Singtel Group has sold 2.8% of its stake in Gulf Development, Thailand's largest energy company, for approximately S$1 billion, as it continues its asset recycling programme to drive growth and sustainable shareholder returns.

Singtel's partial sale of Gulf Development stake reaps S$140 mil gain

YOUR DAY AHEAD: Sept 29, 2026

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Sept 29, 2026 

Visitors walking through Kuala Lumpur International Airport's Terminal 2 (KLIA T2) will notice hoardings — temporary boards and barricades put up around shops that are empty or under renovation — at several areas of its retail section.

KLIA T2 retail occupancy holds steady despite airline capacity cuts

Asian bonds looked set to track Treasuries lower as the US-Iran standoff kept oil prices elevated, adding to inflation concerns and bets on further Federal Reserve interest-rate hikes.

Asian bonds to decline as oil fans inflation fears

Oil rose a second day as uncertainty over progress in US-Iran talks weighed against signs of strong demand and a resumption of flows through a key pipeline from top exporter Saudi Arabia. West Texas Intermediate advanced above US$93 a barrel after ticking higher in the previous session, while Brent closed near US$105.

Oil extends gain as Iran uncertainty outweighs Saudi pipe return

A  standoff between the US and Iran spurred oil-market volatility, dragging down stocks and bonds on concerns that potential inflationary pressures could trigger Federal Reserve rate hikes.

Stocks fall as US-Iran standoff boosts bond yields

The market moves, corporate deals and top headlines of the day, at a glance.

Gamuda, Zetrix AI, Sunsuria, TSH Resources, Hap Seng, GUH, Willowglen, KKB, Kinergy Advancement, Poh Kong, Zetrix AI, AYER

Thong Bowl restaurant chain operator, Thong World Bhd has filed its draft prospectus for an ACE Market listing, as the group seeks to raise fresh capital to open more outlets and deploy kiosk machines.

Mokhzani-linked restaurant operator Thong World files draft prospectus

Paramount Skydance Corp’s plan to sell more than US$44 billion (RM181.46 billion) of bonds in US dollars and euros to fund its acquisition of Warner Bros Discovery Inc is now in motion, kicking off the main portion of the year’s largest M&A financing.

Paramount puts US$44 bil bond sale for Warner deal in motion

Tata Trusts, the majority shareholder of Tata Sons Pvt, proposed that the holding company of India’s biggest conglomerate merge with two of its unlisted units to stave off a listing order.

Tata Trusts propose restructuring of Tata Sons to avoid listing

Thong Bowl restaurant chain operator, Thong World Bhd has filed its draft prospectus for an ACE Market listing, as the group seeks to raise fresh capital to open more outlets and deploy kiosk machines.

Digital services firm Zetrix AI Bhd (KL:ZETRIX), whose external&nbsp;auditors resigned on Monday, announced on the same day that it has completed the payout of its delayed cash dividend to all eligible shareholders.

Zetrix AI pays out delayed cash dividend as auditor exits, excludes shares tied to shareholder's legal action

The market moves, corporate deals and top headlines of the day, at a glance.

Zetrix AI Bhd (KL:ZETRIX) on Monday announced the resignation of its external auditor,&nbsp;TGS TW PLT.

Zetrix AI announces resignation of TGS TW as external auditor 

Property developer AYER Holdings Bhd (KL:AYER) has proposed to acquire for RM138 million cash two parcels of contiguous freehold land along Jalan Kuchai Lama here, with a combined area of 9.11 acres, for future development projects.

AYER Holdings to acquire Jalan Kuchai Lama land for RM138m cash

Property developer Sunsuria Bhd (KL:SUNSURIA) is selling a piece of freehold commercial land in Sepang, Selangor, for RM316.84 million cash to Amazon Data Services Malaysia Sdn Bhd.

Sunsuria to sell Sepang land to Amazon’s local unit for RM316.84m cash

Wall Street's main indices fell on Monday after President Donald Trump rejected an Iranian proposal to end the conflict, leading to a spike in crude prices that revived inflation worries and drove Treasury yields higher.

Wall Street slips as oil spikes after Trump rejects Iran peace proposal

A former chief executive officer (CEO) of Felda Investment Corporation Sdn Bhd (FIC), investigated for alleged misappropriation involving the Kuala Lumpur Vertical City (KLVC) project, is scheduled to be charged at the Kuala Lumpur Sessions Court on Tuesday (Sept 29).

Ex-Felda Investment Corp CEO to be charged over KL Vertical City project on Tuesday 

Paramount Skydance Corp’s plan to sell more than US$44 billion (RM181.46 billion) of bonds in US dollars and euros to fund its acquisition of Warner Bros Discovery Inc is now in motion, kicking off the main portion of the year’s largest M&amp;A financing.

Asian bonds looked set to track Treasuries lower as the US-Iran standoff kept oil prices elevated, adding to inflation concerns and bets on further Federal Reserve interest-rate hikes.

Visitors walking through Kuala Lumpur International Airport's Terminal 2 (KLIA T2) will notice hoardings — temporary boards and barricades put up around shops that are empty or under renovation — at several areas of its retail section.

SpaceX's next-generation Starship rocket reached orbit for the first time on Monday despite having one of its engines down, overcoming this hitch mid-flight to deploy the first batch of new Starlink satellites as Elon Musk's company plans to put the vehicle into routine use starting later this year.

SpaceX's Starship reaches orbit for the first time, deploys Starlink satellites

President Donald Trump will announce on Monday a Minnesota company's plan to build a US$15 billion (RM61.3 billion) steel mill in Iowa, a White House official said, a major investment that the administration is highlighting as it seeks to promote domestic manufacturing ahead of the November mid-term elections.

Trump to unveil planned US$15b Iowa steel project

Water levels in the Rhine River plummeted to record lows over the weekend, threatening transport on a key shipping corridor for energy and industrial commodities across central Europe.

Rhine drops below shipping threshold as freight costs rise

Oil rose a second day as uncertainty over progress in US-Iran talks weighed against signs of strong demand and a resumption of flows through a key pipeline from top exporter Saudi Arabia.&nbsp;West Texas Intermediate advanced above US$93 a barrel after ticking higher in the previous session, while Brent closed near US$105.

Two state-run Indian companies have withdrawn plans to raise US$688 million (RM2.81 billion) through rupee bonds as an expected interest-rate increase and the central bank’s move to drain surplus cash drive borrowing costs higher.

India state firms pull US$688 mil of bond sales as yields rise

Tata Trusts, the majority shareholder of Tata Sons Pvt, proposed that the holding company of India’s biggest conglomerate merge with two of its unlisted units to stave off a listing order.

European shares rose on Monday as investors looked past higher bond yields, with UK homebuilders jumping after the government announced a new loan programme to help first-time buyers.

European stocks advance as UK homebuilders rally; miners drop

Fast-fashion platform Shein returned to profit in the second quarter and made US$11.08 billion (RM45.2 billion) in sales, but warned about an uncertain second half as it unveiled its first results as a public company on Monday.

Shein returns to profit in 2Q, but warns of uncertain second half

The Trump administration on Monday finalised new lower vehicle fuel economy standards, in the latest effort to make it easier for automakers to sell gas-powered vehicles and to reverse a push by the Biden administration to force automakers to build more fuel-efficient vehicles.