<div class=newsTextDataWrapInner><p>JAKARTA (July 6): Indonesian sovereign wealth fund Danantara and Singapore's Keppel Electric, Sembcorp Industries and Singapore Energy Interconnections have signed a memorandum of understanding for a cross-border electricity project, Singapore's prime minister said on Monday.</p></div>

<div class=newsTextDataWrapInner><p>Prime Minister Lawrence Wong was speaking at a press conference following a meeting with Indonesian President Prabowo Subianto in Jakarta.</p></div>

<div class=newsTextDataWrapInner><p>Singapore and Indonesia are currently conducting price negotiations for the cross-border electricity deal, Indonesia's Energy Minister Bahlil Lahadalia told reporters.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"I think there will be a breakthrough soon. We want everybody to reap the benefits, reaching a win-win solution for both," Bahlil said.</p></div>

<div class=newsTextDataWrapInner><p>The electricity deal is a follow-up to a string of early agreements Indonesia struck with Singapore in 2025, which includes a plan to supply 3.4 gigawatts of low-carbon power to the city-state by 2035.</p></div>

<div class=newsTextDataWrapInner><p><i>Uploaded by Magessan Varatharaja</i></p></div>


Indonesian sovereign wealth fund Danantara and Singapore's Keppel Electric, Sembcorp Industries and Singapore Energy Interconnections have signed a memorandum of understanding for a cross-border electricity project, Singapore's prime minister said on Monday.

Indonesia and Singapore sign agreement on cross-border electricity project

Here is a brief recap of some business news and corporate announcements that made headlines on Wednesday.

UWC, F&N, Astro, Divfex, Zetrix AI, Batu Kawan, MKH, Chin Hin Group Property, ES Sunlogy, Solid Automotive

The co-pilot of a flight from Dubai to Tel Aviv tried to crash the plane after stabbing the pilot, but passengers subdued him while other pilots landed the plane safely in Saudi Arabia, Israeli officials said on Wednesday.

Passengers overcame pilot who tried to crash flydubai flight, Israel says

The Malaysian Communications and Multimedia Commission (MCMC) is demanding a comprehensive explanation from Meta regarding issues involving WhatsApp accounts that have been suspended, rendered inaccessible, or accessed without authorisation.

MCMC seeking explanation from Meta over WhatsApp issues 

UWC Bhd (KL:UWC) achieved record performance for its financial year 2026, following a more than doubling of its fourth quarter earnings.

UWC ends FY2026 with record numbers as 4Q profit more than doubles

Companies seeking dual listings on the main boards of the Kuala Lumpur and Hong Kong bourses only need one centralised, coordinated submission.

Simplified procedure for simultaneous IPO listing in Malaysia and Hong Kong takes effect

The Federal Trade Commission is opening a sweeping probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a source familiar with the matter told Reuters on Wednesday.

FTC opens probe into AI giants including Anthropic and OpenAI — Reuters

The Reserve Bank of India’s net short dollar book rose past US$200 billion (RM815.9 billion) for the first time, reflecting surging future repayment obligations from a dollar diaspora programme to support the rupee.

RBI’s short dollar book surges past US$200 bil on forex plan

Wall Street's main indices gained on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.

Wall Street climbs as cooling inflation tempers Fed rate-hike concerns

“At the pleasure of the King” — what if the King is displeased?
The phrase is not what it seems.
Many have misinterpreted it. And a great many have given the phrase its literal meaning, forgetting and, in some cases, even in ignorance, that it is a legal phrase that has its own lega...

Opinion: At the pleasure of the King

BMW set out a restructuring plan on Wednesday centred on AI, management cuts and two new model launches as the German luxury automaker seeks to restore investor confidence after a string of profit warnings and a deep slump in its share price.

BMW bets on cuts, new models and AI to revive its fortunes

<p>ON Sept 18, His Majesty Sultan Ibrahim, the King of Malaysia, granted Datuk Seri Najib Razak a conditional pardon, allowing him to serve the remainder of his prison sentence for his SRC International conviction under house arrest until August 2028.&nbsp;</p>

<p>The one condition attached is pa...

Courts: Najib gets conditional pardon even as other big names get hauled to court

<p>YTL Power International Bhd’s (KL:YTLPOWR) share price has risen by 72.7% year to date. The gains come as its data centre (DC) segment has begun reporting standalone earnings, while its water and sewerage segment has strengthened and power generation has shown signs of stabilisation. In addition,...

How much more upside for YTL Power?

<p>Hengyuan Refining Company Bhd (KL:HENGYUAN) fell over 20% in morning trade on Wednesday, prompting a suspension in the intraday short selling of the stock.</p>


Hengyuan drops sharply after recent rally, stock still up over 360% 

<p>Two former employees of an investment bank pleaded not guilty at the Kuala Lumpur Sessions Court on Wednesday to charges of deceiving the bank in connection with the issuance of a standby letter of credit (SBLC) valued at US$16 million (RM65 million)&nbsp;three years ago.</p>


Two ex-investment bank employees charged over US$16m standby-letter-of-credit fraud

<p>Micro, small and medium enterprises (MSMEs) will be temporarily exempted from any new minimum wage increase, Entrepreneur and Cooperatives Development Minister Steven Sim Chee Keong said on Wednesday.</p>


MSMEs temporarily exempted from new minimum wage hike, says minister

<p>Zetrix AI Bhd (KL:ZETRIX) and IPVG Employees Inc have agreed to extend by three months the deadline to complete the Malaysian company's purchase of a 50% stake in Philippines-based MyEG Ventures Inc.</p>


Zetrix AI, IPVG Employees extend deadline of MyEG Ventures deal by three months

<p>KUALA LUMPUR (Sept 30): KIP Real Estate Investment Trust (KL:KIPREIT) acquired its 20th property with the completion of its RM435 million acquisition of Setapak Central Mall, which delivers an attractive yield of 7.2%.&nbsp;</p>


KIP REIT adds 20th property with RM435m Setapak Central Mall purchase, eyes 7.2% yield

<p>Singapore’s sovereign wealth fund GIC Pte Ltd has acquired 16 hotels in Japan operated by Marriott International Inc for about ¥125 billion (US$800 million or RM3.25 billion), according to people familiar with the matter.</p>


Singapore's GIC acquires 16 Marriott-run hotels in Japan amid tourism boom — Bloomberg

<p>Malaysia's durian industry ought to be one of the country's great economic success stories.</p>

<p>Chinese demand soared. Musang King became an internationally recognised premium product. Investors planted orchards across the country. In 2024, Malaysia secured long-awaited approval to export f...

Opinion: Malaysia's durian glut and the politics of the delivery gap

<p>The High Court has allowed Prime Minister Datuk Seri Anwar Ibrahim's application for determination of preliminary issues before the commencement of a sexual assault civil case brought against him by his former aide Muhammed Yusoff Rawther.</p>


Anwar’s pre-trial bid allowed in Yusoff Rawther sexual assault suit, but evidence must be orally given

<p>Petroliam Nasional Bhd (PETRONAS) is exploring ways to make its advanced sustainable fuel (ASF) more economical while maintaining its performance, as development continues alongside changes to Formula One's (F1) power unit regulations.</p>


PETRONAS exploring ways to produce cheaper advanced fuel, says downstream CEO

<p>IOI Properties Group Bhd (KL:IOIPG) and Marriott International Inc have expanded their strategic relationship with the signing of a portfolio deal for four new hotels in Malaysia.</p>


IOI Properties expands hospitality pipeline with four new Marriott hotels totalling 888 rooms

<p>Genneva&nbsp;Sdn Bhd, the company behind a massive gold investment scam, has been wound up by the High Court here, which could see victims recouping their losses.&nbsp;</p>


High Court dissolves Genneva, paving way for victims to settle claims

<p>Batu Kawan Bhd’s (KL:BKAWAN) unconditional mandatory takeover of MKH Bhd (KL:MKH) has crossed the 95% threshold, paving the way for the property developer’s delisting.</p>


Batu Kawan’s takeover of MKH crosses 95%

<p>UK Prime Minister Andy Burnham said on Wednesday Britain should consider options for its future relationship with the European Union (EU), including rejoining the bloc, doubling down on his message that Brexit had "done more harm than good".</p>


Burnham says UK should weigh post-Brexit EU options, including rejoining

<p>Singapore and Kuala Lumpur are choking under severe haze spewing from wildfires in neighbouring Indonesia, with air quality deteriorating dramatically ahead of major sporting events.</p>


Singapore, Malaysia cloaked in haze before key sports events

<p>Astro Malaysia Holdings Bhd (KL:ASTRO) sank into the red in the May-July quarter — its first quarterly loss since late 2023 — dragged by unrealised foreign exchange losses while its top line declined on lower subscription revenue.</p>


Forex losses, lower subscription revenue pull Astro into the red

<p>About 200,000 spectators are expected to attend the Formula 1 (F1) Gulf Air Bahrain Grand Prix (GP) at the Sepang International Circuit (SIC) from Oct 2 to 4, with Sunday expected to draw the largest crowd.</p>


MAHB ready as 200,000 spectators expected for F1 return to Sepang, says MD

<p>WHILE official statistics show that Malaysians are beginning to save for retirement again, much more needs to be done to prepare for Malaysia’s transition into a super-aged nation by 2056, when one in five Malaysians will be aged 65 and above. This includes strengthening retirement savings, legac...

Preparing for Malaysia’s third age

<p>Bank Negara Malaysia (BNM) is seeking feedback on proposed new rules on insurance and takaful providers meant to strengthen protections on policy owners.</p>
