BRUSSELS (Reuters) – The Group of Seven countries and the European Union are considering how to use profits generated by Russian assets immobilised in the West to provide Ukraine with a large up-front loan now and secure Kyiv’s financing for 2025. BASIC CONCEPT Around 260 billion euros of Russian central …

KUALA LUMPUR: Bursa Malaysia closed higher on bargain hunting for stocks currently priced lower than usual after yesterday’s profit-taking, said an analyst. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 6.20 points, or 0.39 per cent, to 1,614.73 from yesterday’s close of 1,608.53. The benchmark index, which …

ISKANDAR PUTERI: The Fisheries Department is replanting seagrass to conserve the plant in Pulau Tinggi and Pulau Sibu, Mersing, which are dugong grazing areas and habitats. Fisheries Department Deputy Director-General of Fisheries (Management) Wan Muhammad Aznan Abdullah said the effort was carried out by the department’s experts in collaboration with …

PETALING JAYA: Malaysia Building Society Bhd (MBSB) has set a financing portfolio growth target of RM44 billion this year from RM42 billion last year, said group chief executive officer Rafe Haneef. He said with a return on equity (ROE) of 5.2 per cent last year and about RM9.8 billion worth …

(Reuters) – Formula One will enter a new era in 2026 with smaller and lighter cars featuring active aerodynamics and a Manual Override system to unleash more electrical power and help make racing closer and more exciting. The governing FIA presented the technical regulations on Thursday and said the new …

KUALA LUMPUR: Duopharma Biotech Bhd is actively evaluating two potential mergers and acquisitions (M&A) proposals from the Philippines and Indonesia, according to group managing director Leonard Ariff Abdul Shatar. However, he said the company remains open to M&A within ASEAN to facilitate more seamless business integration. “M&A proposals from the …

MANILA: Four Filipino police officers, suspected members of a kidnapping syndicate, have been arrested for the abduction of four foreigners in Pasay City, Philippines News Agency (PNA) reported. Interior and Local Government Department Secretary Benjamin Abalos Jr and Philippine National Police (PNP) chief General Rommel Francisco Marbil presented the suspects …

(Reuters) – Trading stocks and bonds on blockchains at scale will remain a dream unless a global standard for cross-border activity is established that allows assets to move seamlessly across blockchains, according to a report published on Thursday. So-called tokenised assets – which represent the underlying assets – are exchanged …

KOTA KINABALU: Sabah is exploring new renewable energy sources to reach a 30% generation reserve margin and address the state’s power shortage. This initiative was approved by the Sabah Energy Council during its inaugural meeting, which was chaired by Chief Minister Hajiji Noor on Thursday (June 6). The council agreed …

PETALING JAYA: Reforms are needed for pension schemes so that all aged Malaysians have income security, says Universiti Malaya’s Social Wellbeing Research Centre director Emeritus Prof Datuk Norma Mansor. She proposed a multi-tiered pension scheme to replace both the Employees Provident Fund (EPF) and public pension schemes. “Currently, around 50% …