<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 23): Carimin Petroleum Bhd’s 90%-owned subsidiary, Sri Borneo Energy Sdn Bhd, proposes&nbsp;to acquire leasehold land and buildings in Sarawak from&nbsp;Sarwaja Timur Sdn&nbsp;Bhd for RM21.12 million.</p></div>

<div class=newsTextDataWrapInner><p>Carimin Petroleum said its unit entered into a sale and purchase agreement with Sarwaja&nbsp;on Sept 14, 2026.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Wednesday, the company&nbsp;said the acquisition would include the reactivation of the galvanising and metal fabrication business, leveraging the former plant's track record and customer recognition.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“Sri Borneo Energy would then expand into more industries and market segments for future growth,” it said, adding that Carimin Petroleum’s&nbsp;gearing is expected to increase from 0.12 times to 0.21 times, depending on the final funding mix.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>


KUALA LUMPUR (Sept 23): Carimin Petroleum Bhd’s 90%-owned subsidiary, Sri Borneo Energy Sdn Bhd, proposes to acquire leasehold land and buildings in Sarawak from Sarwaja Timur Sdn Bhd for RM21.12 million.

Carimin Petroleum unit to acquire property in Sarawak worth RM21.12 mil

SYDNEY (Sept 24): Australia's jobless rate unexpectedly rose to a five-year high in August even as employment enjoyed a solid rebound, a mixed report that left markets still wagering on an imminent rate hike to fight inflation.

Australia's jobless rate hits five-year high, RBA hike still seen

The International Monetary Fund (IMF) is conducting a Review of Program Design and Conditionality, its first major evaluation since 2019, before the Covid-19 pandemic. With so many countries suffering from macroeconomic imbalances and debt distress that severely weaken their development prospects, the IMF guidelines for programme design, while always important, are more salient than ever.

Unconventional Economic Wisdom: The programme redesign the IMF needs

EGH International Bhd is accepting applications for its shares at 16 sen apiece as the interior fit-out services firm seeks a listing on the ACE Market.

EGH International to list on ACE Market at 16 sen per share

SHAH ALAM (Sept 24 ): Tabung Haji's former chief operating officer Datuk Adi Azuan Abdul Ghani has claimed trial to three charges of accepting over RM300,000 in renovation cost for three properties.

TH ex-COO claims trial to accepting over RM300,000 in home renovation costs

Sabah Development Bank Bhd (SDB) said it and the private liquidator overseeing the stalled PacifiCity development have received a fresh proposal from an interested party, as efforts to revive the project remain ongoing.

Sabah Development Bank receives fresh proposal to revive stalled PacifiCity development

Behind Singapore’s success may lie a factor with little to cheer — its unhappiness, according to a former top politician in the city-state.

Singapore’s success may be tied to unhappiness, former politician says

KUALA LUMPUR (Sept 24): Perikatan Nasional (PN) has been ordered to immediately suspend all activities following a complaint by one of its component parties against the main opposition coalition.

Perikatan Nasional faces suspension as internal tensions escalate at Malaysia’s main opposition coalition

(Sept 24): Canadian Prime Minister Mark Carney said he had looked at “extreme tail risk” when asked by the New York Times about whether he’d taken seriously the risk of US military action against his country.

Carney tells NYT he looked at ‘extreme tail risk’ of US invasion

KUALA LUMPUR (Sept 24): Midstream oil and gas players are expected to continue enjoying earnings tailwinds from firm crude trade flows and tight vessel supply after their second-quarter results beat expectations on stronger operating performance, said an analyst.

Midstream O&G players set to ride firm crude flows, tanker rates and storage demand — RHB IB

The Sarawak government and national oil company Petroliam Nasional Bhd (PETRONAS) want their petitions concerning state oil rights to be heard separately.

Sarawak, PETRONAS seek separate hearings on oil and gas petitions; January tentatively set

<p>Nestlé (Malaysia) Bhd paused its downward slide on Wednesday, following a 22% year-to-date drop that market observers said has run ahead of the company's underlying fundamentals.</p>


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<p>AirAsia Group Bhd’s (KL:AAGB) Tan Sri Tony Fernandes is fed up with private credit and the exorbitant interest rate they charge.</p>


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<p>Datuk Seri Hamzah Zainudin, the long-time political operator who helped two Malaysian prime ministers to power, could again have a hand in shaping who governs as he pushes the nation’s two biggest parties towards an alliance.</p>


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<p>WASHINGTON (Sept 23): US President Donald Trump welcomed Chinese President Xi Jinping to Washington on Wednesday for a three-day visit that will test relations between the superpowers as tensions simmer over trade, technology, Taiwan and Iran.</p>


US says China trade truce extended as Trump welcomes Xi

<p>Cutting carbon is particularly difficult for a chemical company because many of its products rely on fossil-based raw materials while lower-carbon alternatives often cost far more than buyers are prepared to pay.</p>

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<p>TOKYO (Sept 24): Debt markets were on edge on Thursday, as Japanese bonds followed Treasuries lower, while Asian equities were mixed as investors weighed simmering Middle East tensions and prospects for talks between the United States and China.</p>


Bonds shaky, oil eases off highs amid trade, peace talks

<p>(Sept 24): Oil prices edged lower on Thursday, after climbing 4% in the previous session, as Iran said it remained open to diplomacy to end the US-Iran war, though the two countries remain far apart on ways to do so.</p>


Oil prices edge lower as Iran says it is open to diplomacy to end the war

<p>KUALA LUMPUR (Sept 24): Perikatan Nasional (PN) has been ordered to immediately suspend all activities following a complaint by one of its component parties against the main opposition coalition.</p>


<p>The Sarawak government and national oil company Petroliam Nasional Bhd (PETRONAS) want their petitions concerning state oil rights to be heard separately.</p>


<p>The US Treasury said it will purchase up to US$6 billion (RM24.48 billion) of longer-dated government debt on Thursday, in line with the first such operation under Secretary Scott Bessent’s expanded programme to stem the recent rise in borrowing costs.</p>


US Treasury to buy back up to US$6 bil in longer-dated govt debt

<p>KUALA LUMPUR (Sept 24): Midstream oil and gas players are expected to continue enjoying earnings tailwinds from firm crude trade flows and tight vessel supply after their second-quarter results beat expectations on stronger operating performance, said an analyst.&nbsp;</p>


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

YOUR DAY AHEAD: Sept 24, 2026 

<p data-qa-component="item-headline">MENLO PARK, California (Sept 23): Meta&nbsp;CEO Mark Zuckerberg on Wednesday unveiled a small handheld gadget called Meta Charm for using its new Muse AI assistant, taking the company's hardware efforts beyond its successful smart glasses.</p>

<p>The AI device...

Meta launches AI gadget Charm as race for post-smartphone hardware heats up

<p>The US might consider leaving the International Energy Agency (IEA)&nbsp;if there is no alignment on climate issues, US Energy Secretary Chris Wright said on Wednesday.</p>


US to either reform IEA on climate issues or leave group, energy secretary says

<p>SYDNEY (Sept 23): Australia said on Wednesday that an OpenAI agent breached a government health data portal in June, gaining unauthorised access to files, in what could be the first known instance of an AI agent hacking a government website.</p>


Australia says OpenAI agent hacked into government website

<p>Stocks joined bonds lower as a rally in oil prices stoked worries about inflationary pressures, which were further reinforced by data showing jump in US business activity at the fastest pace since 2021.</p>


US stocks fall as inflation jitters boost bond yields

<p>The 30% Club has done something important: it put a number on the table. But I want to challenge the number itself. If women are competent, the right target is not 30%. It is 100%. Boardrooms are not Spartan battlegrounds where gender earns entry. They are environments that reward critical thinki...

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<p>Plastic bags and straws labelled as biodegradable, compostable, or environmentally friendly are now a common sight in the market. Unfortunately, the reality is that not all of these claims are entirely true and that the use of these materials may end up causing more harm to the environment than t...

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<p>Climate scientists have rung the alarm bells:&nbsp;El Niño is underway, with a "super" El Niño developing in the coming months, bringing intensified drought, heatwaves and heavy rainfall. We’re already seeing the effects of it across the world. In Spain, Italy and France, sweltering summer temper...

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<p>The likelihood of El Niño developing now exceeds 90%, bringing expectations of a prolonged period of hotter and potentially drier conditions in Malaysia in early 2027. Climate change could further intensify the heat and other weather extremes.</p>
