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Oil prices rose today, fuelled by expectations of higher demand during the summer months. — Reuters pic

Oil prices up with anticipated high demand over summer months

Bursa Malaysia’s barometer index ended in negative territory as investors shifted focus on small-cap stocks. — Picture by Hari Anggara

Bursa Malaysia ends on softer note as interest shifts to small caps

OCBC Bank (Malaysia) Bhd has reinforced its support of Sarawak’s long-term aspirations and sustainability-driven strategic initiatives through a memorandum of collaboration signed with Invest Sarawak Sdn Bhd — TODAY pic

OCBC Malaysia, Invest Sarawak sign MoC to fund development in Sarawak

Airbus announced today that it has secured a contract from UAE satellite services provider Yahsat to design and build new geostationary telecommunications satellites, Al Yah 4 and Al Yah 5. — Reuters pic

Airbus secures deal with UAE’s Yahsat to build telecom satellites

Taiwan has arrested a Chinese man who sailed a speedboat into a harbour at the mouth of a river leading into Taipei for illegal entry, the Taiwanese coast guard said today. — AFP pic

Taiwan arrests Chinese man who took speedboat into Taipei harbour

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Bank Muscat recognized as one of Oman’s Best Places to Work for 2024

British financial institutions tripled their investment in renewable energy projects in 2023, with significant involvement from Chinese banks in advancing this green initiative. ― AFP file pic

Chinese financial institutions triple investment in British renewable energy

 The number of labour force in April 2024 edged up by 0.1 per cent, registering 17.12 million persons from 17.10 million recorded in March, with the labour force participation rate stood at 70.3 per cent, according to the latest Statistics of the Labour Force released today. — Picture by Choo Choy May

Stats Dept: Number of labour force edges up by 0.1pc in April 

The sales value of Malaysia’s manufacturing sector expanded by 5.7 per cent year-on-year to RM153.2 billion in April 2024, according to the Department of Statistics Malaysia (DoSM). ― Picture by Sayuti Zainudin

Stats Dept: Malaysia’s manufacturing sales value up 5.7pc to RM153.2b in April 

MPOB said that Malaysia’s palm oil stocks rose 0.5 per cent from the previous month to 1.75 million metric tonnes, the highest since February. — Picture by Farhan Najib

Malaysia’s palm oil stocks hit three-month high in May despite export boost

The European Commission is this week expected to disclose the tariffs it plans to impose on Chinese electric vehicles (EVs) due to what it says are excessive subsidies, a move likely to prompt stern words and possible retaliation from Beijing. — Reuters pic

EU set to disclose tariff rates for Chinese electric vehicles

The Asean-six comprises Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. — Picture by Saw Siow Feng

Maybank: Asean-six GDP to recover to 4.5pc this year 

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Embrace Shopping Flexibility with Shopee’s Upgraded Change of Mind Policy: Easy & Fuss-Free 15-Day Free Returns, No Questions Asked*!

Maybank Research sees the ringgit ending this year firmer at RM4.60 versus the American dollar on the expectation of 50 basis points cuts in the US interest rate later this year amid a stable overnight policy rate (OPR) in Malaysia. — Picture by Sayuti Zainudin

Maybank sees ringgit rising to RM4.60 against US dollar by year-end

Foreign investors continued to favour Malaysian equities last week, with a net inflow of RM535.0 million, after briefly net selling the week before, according to the latest weekly Fund Flow Report by MIDF Research. — Picture by Hari Anggara

Foreign investors’ net inflow at RM535m last week

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UD Trucks Celebrates 20 Years of Quon: A Legacy of People-First Innovation, Shaping The Future of Sustainable Logistics