Financial markets across Asia opened the week with cautious optimism as investors navigated a complex landscape of political uncertainty and shifting economic indicators. While regional stocks generally advanced, the persistent threat of a U.S. government shutdown cast a shadow, potentially delaying crucial employment data that millions of traders and policymakers rely on for direction. This…
Petronas Gas to reorganize internally, separating regulated and non-regulated units
In a strategic move designed to enhance operational clarity and market agility, Petronas Gas Bhd is embarking on a significant internal restructuring. The initiative, set to redefine the company’s future trajectory, will distinctly separate its regulated and non-regulated business units, promising a more transparent and focused corporate framework. This reorganization is poised to empower each…
Gold surges to unprecedented peak amid shutdown fears and rate-cut expectations
The glittering ascent of gold continues to capture global attention, reaching unprecedented heights as investors seek refuge from economic turbulence. This remarkable rally is fueled by mounting anxieties over a potential U.S. government shutdown and fresh signals of a cooling labor market. For countless individuals watching their portfolios, this golden surge represents both opportunity and…
Axis-Reit snaps up RM50m Port Klang logistics hub amid sector surge
In a strategic move to capitalize on Malaysia’s rapidly expanding logistics sector, Axis Real Estate Investment Trust has announced the acquisition of a prime industrial property in Port Klang valued at RM50 million. This investment comes at a pivotal moment when the nation’s e-commerce transactions have surged dramatically, creating unprecedented demand for modern warehousing and…
New ASEAN plan aims for $2 trillion digital economy
In a significant step toward regional economic advancement, Malaysia is championing a comprehensive strategy to elevate ASEAN into a global economic powerhouse. The nation’s leadership is actively promoting the ASEAN Economic Community Strategic Plan, a visionary framework designed to secure the bloc’s position as the world’s fourth-largest economy by the end of this decade. This…
Malaysian SMEs set to gain from Asean’s new digital economy framework
A new era of digital commerce is dawning for Southeast Asia’s small business owners, promising to transform regional trade dynamics for entrepreneurs who have long struggled with international market barriers. Malaysian SMEs stand at the forefront of this transformation as ASEAN advances toward finalizing its inaugural Digital Economy Framework Agreement, a landmark initiative designed to…
OPEC+ supply boost and US stockpiles keep oil prices stable
Amidst the shifting dynamics of global energy markets, oil prices found a tentative equilibrium on Wednesday as traders navigated conflicting signals from production policies and inventory data. The delicate balance reflects ongoing uncertainty about future supply levels and their implications for consumers worldwide. Market participants are closely monitoring how these developments might affect household energy…
Central Alliance
In a strategic maneuver capitalizing on Malaysia’s burgeoning logistics sector, Axis Real Estate Investment Trust has announced the acquisition of a RM50 million industrial property in Port Klang, positioning itself at the forefront of the nation’s supply chain transformation. This transaction represents more than just property acquisition—it signifies a calculated investment in Malaysia’s economic infrastructure…
Compass to acquire rival Anywhere in $4.2 billion deal
In a bold consolidation move within the American real estate sector, industry leader Compass is poised to acquire Anywhere Real Estate in a transformative transaction valued at $4.2 billion. This strategic maneuver is designed to fortify Compass’s market position as the housing industry contends with persistent affordability pressures and heightened competitive dynamics. The merger promises…
TM partners on ASEAN-Japan cable project
A new era of digital connectivity is dawning across Southeast Asia, promising to transform how millions access information and conduct business. A landmark collaboration between Telekom Malaysia and global technology leaders including Meta, SoftBank, and NEC Corporation is bringing the ambitious Candle submarine cable project to life. This initiative represents more than just infrastructure development—it…