Ariel Antonio

Norwegian Telenor and Malaysian Axiata Group have secured regulatory clearance to merge their local telecommunications units Celcom Axiata and DiGi.Com. The proposed tie-up aims to create a stronger market leader in Malaysia's competitive telecom landscape, with an estimated enterprise value of $15 billion and potential to reshape the industry's competitive dynamics. - EXCERPT: Provides context, highlights main parties, deal value, and strategic intent within 100 words

Malaysia's franchise sector is experiencing rapid growth, with sales expected to reach RM22.66 billion by 2025. The industry currently has 1,149 registered franchisers and 13,779 outlets, creating approximately 49,000 jobs nationwide. Prime Minister Ismail Sabri Yaakob highlights the sector's potential for job creation and international brand expansion.

Sarawak is set to experience significant improvements in internet connectivity with the launch of the Batam Sarawak Internet cable system (Basics) and a new data center. Developed by PPTEL under the Irix brand, these infrastructure investments aim to address connectivity challenges, especially in rural areas.

Malaysia's palm oil inventories climbed 14.5% to 2.03 million tonnes by end-August, reaching a two-year high. Production increased 8% to 1.7 million tonnes, driven by favorable rainfall and moisture conditions. Experts predict September production growth might slow down as crop yields stabilize.

Asian stock markets show mixed performance ahead of crucial US employment data. Investors are closely watching August job figures that could influence Federal Reserve's monetary policy and interest rate strategy amid high inflation concerns. Shanghai and Seoul saw gains, while Tokyo and Hong Kong experienced declines.

Arizona Governor Doug Ducey met with Taiwanese President Tsai Ing-wen, highlighting a major semiconductor investment that strengthens economic ties between Taiwan and the United States.

President Biden authorizes $800 million in military aid to Ukraine, including helicopters, artillery, armored vehicles, and protective gear against potential chemical, biological, nuclear, and radiological threats. The package aims to support Ukraine's defense capabilities in anticipation of a new Russian offensive.

A masked gunman triggered smoke grenades and fired 33 bullets during rush-hour subway train, injuring at least 10 people. Authorities investigating Frank R. James and examining his social media posts for potential connection to the violent incident.

President Biden and Indian Prime Minister Narendra Modi are set to discuss Russia's Ukraine invasion. India's neutral stance has drawn US concerns, with recent UN votes showing global divisions. Biden aims to persuade Modi to take a firmer position against Russian military actions.

The UN Food and Agriculture Organization reports food prices hit unprecedented levels in March, with grains and vegetable oils experiencing significant price increases. Russia's invasion of Ukraine has caused massive supply disruptions, potentially leading to widespread hunger and malnutrition in vulnerable regions.