<div class=newsTextDataWrapInner><p data-qa-component="item-headline" data-rc-highlight="headline">JAKARTA (Nov 9): BP has sold its entire 49.9% stake in an Indonesian petrol station joint venture to subsidiaries of its Indonesian partner AKR Corporindo, AKR said in a disclosure statement on Monday.</p></div>

<div class=newsTextDataWrapInner><p>Two AKR subsidiaries purchased shares held by BP for an aggregate share purchase price of US$14.22 million, which will increase AKR Corporindo group ownership to 100% from 50.1%.</p></div>

<div class=newsTextDataWrapInner><p>The divestment is part of BP's strategy to "simplify its portfolio", AKR said in the filing.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Indonesia's energy ministry tightened direct fuel imports for private firms last year, resulting in shortages in private fuel stations including those operated by BP and Shell.</p></div>

<div class=newsTextDataWrapInner><p>Private retailers were instructed to procure base fuel from state-owned energy firm Pertamina after exhausting their import quota.</p></div>

<div class=newsTextDataWrapInner><p>Shell in October announced that it has completed the transfer of ownership of its petrol station business in Indonesia to the SEFAS Group.</p></div>

<div class=newsTextDataWrapInner><p><em>Uploaded by Liza Shireen Koshy</em></p></div>


JAKARTA (Nov 9): BP has sold its entire 49.9% stake in an Indonesian petrol station joint venture to subsidiaries of its Indonesian partner AKR Corporindo, AKR said in a disclosure statement on Monday.

BP sells 49.9% stake in Indonesian petrol station venture, partner firm says

BENGALURU (Nov 9): Emerging-market equities clawed back some of last week's losses on Monday, as a drop in oil prices and tentative hopes of de-escalation in the Middle East supported risk appetite.

Stocks rebound as oil falls on Middle East hopes

BENGALURU (Nov 9): US stock index futures attempted a recovery on Monday as investors hunted for bargains following a steep slide in equities last week, while awaiting more clarity on the controversy surrounding Nvidia CEO Jensen Huang.

Wall St futures rise after rough week, but Nvidia unsettles investors

OSLO/COPENHAGEN (Nov 9): Norway's government said on Monday that it will curb the rapid growth of power-hungry data centres in the Nordic country, becoming the latest nation to limit a buildout driven by the global artificial intelligence industry.

Norway reins in data centre industry amid AI boom

LONDON (Nov 9): Oil prices fell on Monday after US President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks on ships near the Strait of Hormuz kept supply concerns in focus.

Oil falls as Trump signals restraint on Iran despite fresh shipping attacks

BEIJING (Nov 9): China on Monday effectively extended its trade truce with the US by two months, after announcing it would continue to suspend certain trade measures.

China extends US trade truce by two months

(Nov 9): Europe is set to benefit from recent market turmoil in the US as investors seek a safe haven, according to European Investment Bank (EIB) president Nadia Calvino.

European Investment Bank’s Calvino says US turmoil is driving capital to Europe

KUALA LUMPUR (Nov 9): Prime Minister Datuk Seri Anwar Ibrahim on Monday announced a special additional cash aid of RM2,500 for heads of eligible flood-affected households in Selangor, with payments expected to begin on Tuesday (Nov 10).

PM: Special RM2,500 aid for hard-hit Selangor flood families, mitigation expedited

PARIS (Nov 9): G7 foreign ministers gathered in Paris on Monday aiming to gauge whether a US midterm defeat for President Donald Trump alters the administration's approach to Ukraine, the Middle East and ties with its closest allies, four G7 diplomats said.

G7 allies to assess impact of Trump's midterm setback at Paris talks

BENGALURU (Nov 9): Gold prices rose on Monday as lower oil prices helped ease inflation concerns, while investors awaited US price data this week that could shape the Federal Reserve's rate outlook.

Gold gains as lower oil prices temper inflation fears; US inflation in focus

<p>(Nov 9):&nbsp;In a 257-word memo to employees, Nvidia Corp&nbsp;chief executive officer Jensen Huang left no doubt that the chip colossus was embroiled in a crisis like none before in its three-decade history.&nbsp;</p>


Nvidia CEO’s affair engulfs AI giant in Chinese spying probe

<p>(Nov 9):&nbsp;A Chinese state-run newspaper denied Beijing had any link to Nvidia Corp chief executive officer Jensen Huang’s extramarital affair, accusing American media outlets of spreading a fabricated spy narrative and warning the issue could hurt ties.</p>


China newspaper dismisses Jensen Huang spy claim, warns on ties

<p>Malaysia is producing more tertiary graduates. Yet, many of them work in jobs that do not require their qualifications (or even a qualification), earn modest salaries and struggle to find the careers they expected. Meanwhile, employers complain that they cannot find people with the skills they need.</p>


Tong's Portfolio — More graduates. Where are the good jobs?

<p>KUALA LUMPUR (Nov 9): While Malaysia’s inflation rate has moderated, the easing trend does not necessarily translate into a lower cost of living for households, highlighting the difference between changes in consumer prices and the actual affordability of everyday necessities.</p>


BNM: Lower inflation does not mean lower cost of living, CPI only tells part of story

<p>DOHA (Nov 9): Malaysia is considering accelerating its quantum migration process to strengthen national data security amid advances in quantum computing technology that are expected to pose new challenges to cybersecurity systems.</p>


Fahmi: Malaysia considers accelerating quantum migration to boost data security

<p>LONDON/HONG KONG/SYDNEY (Nov 9): World stock markets nudged up from six-month lows on Monday, but the mood was fragile as a fall in Nvidia shares added to the unease hanging over AI following last week's global rout in tech shares.</p>


Stocks edge up but Nvidia woes pose a fresh test, oil falls

<p>BEIJING (Nov 9): China on Monday effectively extended its trade truce with the US by two months, after announcing it would continue to suspend certain trade measures.</p>


<p>(Nov 8): US&nbsp;President Donald Trump said on Sunday that he thinks he will meet Chinese President Xi Jinping and Russian President Vladimir Putin at an Apec leaders' summit in China next week and discuss ending the war in Iran and denuclearisation.</p>


Trump thinks he will meet Xi and Putin at China Apec summit

<p>LONDON (Nov 9): Oil prices fell on Monday after US President Donald Trump downplayed the likelihood of renewed strikes on Iran, though attacks on ships near the Strait of Hormuz kept supply concerns in focus.</p>


<p>While nine months is not a long time for a new index, it can still provide useful insight into whether it is capturing the characteristics it was designed to identify.</p>

<p>In the first nine months of the year, the Bursa Malaysia Quality 50 Index (BMQ) has gained 9.4%. Over the same period, ...

Has the Bursa Malaysia Quality 50 Index passed its first real test?

<p>There is a certain poetry in the TuJu story. On Oct 20, the prime minister urged Malaysians to ditch Waze for the home-grown alternative TuJu. A day later, the app was offline for “system upgrades”. Its eventual fix, an update on Oct 30, was to launch Google Maps whenever a user wanted to navigate.</p>


Frankly Speaking: The TuJu saga continues

<div class="content-side-bar-box">
<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<ul>
	<li>Sources say the company had expected to secure a higher valuation</li>
	<li>A private equity firm is said to be keen on acquiring a stake</li>
</ul>
</div>

<p>1 Doc Internation...

Beauty centre operator 1 Doc International’s IPO scrapped

<div class="content-side-bar-box">
<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<ul>
	<li>Hektar REIT’s proposal to acquire KYS KL East International School for RM125 mil could be withdrawn, say sources</li>
	<li>Unitholders are to vote on the proposal on Nov 16</li>
	<...

Hektar REIT said to be withdrawing proposal to buy KYS KL East International School

<p>BENGALURU (Nov 9): Emerging-market equities clawed back some of last week's losses on Monday, as a drop in oil prices and tentative hopes of de-escalation in the Middle East supported risk appetite.</p>


<p>SYDNEY/BENGALURU (Nov 9): ANZ&nbsp;fell short of expectations for net interest margin and net interest income on Monday, dragging on its share price, as its CEO warned that global competition for capital from AI and other sectors would keep interest rates higher for longer.</p>


ANZ misses some expectations, warns capital competition to keep rates higher

<p>WASHINGTON/CAIRO (Nov 8): US President Donald Trump said on Sunday that he was highly unlikely to order fresh attacks on Iran as long as talks to end the conflict progress, even as both countries reported that shipping had been hit in or near the Strait of Hormuz.</p>


Trump says he is highly unlikely to order Iran strikes if talks progress

<p>(Nov 9):&nbsp;Nvidia Corp&nbsp;shares fell after the company’s board launched an investigation into chief executive officer Jensen Huang, following his admission of an affair with a woman identified in a series of reports as a suspected Chinese spy.</p>


Nvidia shares drop after CEO Huang’s affair triggers board probe

<p>THERE are around 137 living languages spoken in Malaysia, depending on how you count them.</p>


Commentary: From Manglish to Bahasa Rojak in one sentence: Is AI ready for real conversations?

<p>Country Heights Holdings Bhd (KL:CHHB) has failed to draw bidders for two of its forced auctions this year. The latest was for a 667,147 sq ft leasehold parcel in Mukim Petaling owned by Mines Waterfront Business Park (in liquidation) that had a reserve price of RM152.77 million.</p>


Frankly Speaking: Why auctions of Country Heights assets failed

<p>The week ahead will get off to a slow start as the Deepavali public holiday falls on Monday, but will heat up towards the end of the week with the 16th Melaka state election on Saturday, Nov 14.</p>
