Arkib Harian: November 10, 2023

Oil set for third weekly decline as Middle East conflict concerns ebb

Oil set for third weekly decline as Middle East conflict

SINGAPORE: Oil prices were up slightly on Friday but are set to fall for a third week as concerns of supply disruptions from the Israel-Hamas conflict have ebbed allowing demand worries to reassert themselves. Brent crude futures for January were up 41 cents, or 0.5%, at $80.42 a barrel at …

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Prosecution in ex-Perlis MB case needs more time to examine representation letter

Prosecution in ex Perlis MB case needs more time to examine

KUALA LUMPUR: The Sessions Court on Friday (Nov 10) was informed that the prosecution needs time to examine the letter of representation sent by former Perlis mentri besar Datuk Seri Azlan Man to the Attorney-General’s Chambers over false claims and money laundering charges. Deputy Public Prosecutor Noralis Mat said her …

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China Big Tech firms experiment with personalised chatbots amid push to monetise generative AI technologies

China Big Tech firms experiment with personalised chatbots amid push

Chinese Big Tech firms are ramping up efforts to make money from consumer-facing generative artificial intelligence (AI) services in a market where OpenAI’s ChatGPT and Google’s Bard have no access. With China’s annual Singles’ Day shopping festival in full flow, Alibaba Group Holding’s Taobao marketplace has featured a shop with …

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Johor girl to meet Queen Camilla at Buckingham Palace

Johor girl to meet Queen Camilla at Buckingham Palace

PETALING JAYA: The biggest highlight of 15-year-old Kong Yong Sin’s year is less than a week away. This Sunday (Nov 12), the SMK Tinggi Kluang, Johor student will board a flight to the United Kingdom, where she will meet Queen Camilla at Buckingham Palace on Thursday (Nov 16). The much-anticipated …

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Country Garden aims to have offshore debt restructuring plan by year end, sources say

Country Garden aims to have offshore debt restructuring plan by

HONG KONG: China’s embattled Country Garden is aiming to pull together a tentative plan to restructure its offshore debt by the end of this year, two sources with direct knowledge of the matter said. The nation’s biggest private property developer, which missed a coupon payment in October triggering default terms, …

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Asia stocks slide as Powell comments quell rate peak bets

Asia stocks slide as Powell comments quell rate peak bets

SINGAPORE: Asian stocks fell to their lowest in a week on Friday, while the dollar was steady as elevated Treasury yields weighed on sentiment after hawkish comments from U.S. Fed Chair Jerome Powell dashed expectations of a peak in interest rates. MSCI’s broadest index of Asia-Pacific shares outside Japan fell …

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KK cops nab three break-in gang suspects, accomplice sought

KK cops nab three break in gang suspects accomplice sought

KOTA KINABALU: A break-in gang has been busted following a two-month crime spree that resulted in losses of over RM330,000 here and in nearby districts. Three suspects, said to belong to “Geng Lele”, are in their 20s to 40s and were nabbed in the city area on Monday (Nov 6) …

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Japanese priest counsels elderly scam victims

Japanese priest counsels elderly scam victims

NARITA, Japan: In a serene temple in the countryside near Tokyo, the sound of a priest’s mobile phone breaks the silence. On the other end of the line: a woman in her 70s who says she was swindled out of tens of millions of yen (tens of thousands of dollars), …

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Sabah GLCs not profiting due to quota system for directors, says Bung

Sabah GLCs not profiting due to quota system for directors

KOTA KINABALU: Sabah must change the way it appoints members of the board of directors of state government-linked companies (GLCs), says Datuk Seri Bung Moktar Radin. The Sabah Barisan Nasional chief said the current system gave more priority to a quota rather than merit and this was the reason why …

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Maxis posts RM287mil net profit in 3Q, declares 4.0 sen dividend

Maxis posts RM287mil net profit in 3Q declares 40 sen

KUALA LUMPUR: Maxis Bhd will continue to expand its market presence via its enhanced product offerings, effective channel distribution strategy, and strong focus on excellent customer service “Maxis remains steadfast in our vision to be the leading integrated telco in Malaysia. Maxis has continuously delivered results in our convergence strategy …

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