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Malaysia's inflation down to 1. 4% in 2025, says DOSM
42+ min ago (364+ words) According to the Department of Statistics Malaysia (DOSM), government initiatives to distribute RON95 petrol subsidies to Malaysians, to a certain extent, helped to curb further increases in Malaysia's inflation. "This rate is within the inflation range projected by Bank Negara Malaysia…...
Australia's New South Wales to open new gas exploration sites for first time in a decade
2+ hour ago (215+ words) The Edge Malaysia Two regions in the state's far west " the Bancannia Trough and the Pondie Range Trough " are open for prospecting, the NSW government said in a statement on Wednesday. Exploration license application fees will be cut to A…...
Taiwan's TSMC exits Arm with US$231m share sale
1+ hour, 21+ min ago (128+ words) Its subsidiary, TSMC Partners, sold 1. 11 million Arm shares from April 28 to 29 at US$207. 65 each, for a total of about US$231 million (RM912. 8 million), the filing showed. The disposal resulted in an impact on retained earnings of US$174 million. Following the transaction,…...
South Korea's watchdog names Coupang founder as controlling entity
2+ hour, 12+ min ago (391+ words) The FTC's decision came after Coupang has faced heightened regulatory attention in South Korea following a data breach last year involving some 34 million customers. Kim Bom, a Korean-American who serves as chief executive officer and chairman of the board at…...
Elon Musk says Open AI was his idea, before executives looted it
4+ hour, 24+ min ago (848+ words) The world's richest person is suing Open AI, its co-founder and chief executive Sam Altman and its president Greg Brockman, saying they betrayed him and the public by abandoning Open AI's mission to be a benevolent steward of AI for…...
Philippine tax agency orders probe on Vice President Sara Duterte's businesses
2+ hour, 35+ min ago (174+ words) The Edge Malaysia The Bureau of Internal Revenue (BIR) said it has found probable cause to examine tax records of Duterte and her spouse Manases Carpio, after taking into account testimonies on the vice-president's wealth and bank transactions during impeachment…...
Eco-Shop rises in active trade on strong earnings, analysts stay bullish
3+ hour, 9+ min ago (336+ words) Net profit for its first nine months announced on Tuesday met 76% of the consensus" full-year forecasts, with the company on track to make RM257 million for the financial year ending May 30, 2026 (FY2026). However, there are cost pressures from the ongoing US-Iran war,…...
South Korean lawmakers condemn US pressure over Coupang probe
23+ hour, 8+ min ago (408+ words) Lawmakers, including Park Hongbae from the ruling Democratic Party, said they would deliver a protest letter to the US envoy in Seoul, warning that attempts to influence legal proceedings in South Korea would amount to an infringement on judicial sovereignty....
Woodside Energy to review business, first-quarter revenue beats estimates
3+ hour, 45+ min ago (205+ words) Shares of the firm were up as much as 1. 8% to A$32. 97 by 0031 GMT, hitting their highest level since April 17. "The market will look for at least mid-single-digit efficiency gains to validate the review, implying roughly US$100-US$200 million per annum…...
Visa beats quarterly profit estimates on resilient consumer spending
3+ hour, 56+ min ago (556+ words) US consumer spending rose more than expected in March as the US-Israeli war with Iran boosted gasoline prices and receipts at service stations, while tax refunds supported spending elsewhere. Payments volume, a gauge of overall consumer and business spending on…...