Business

KUALA LUMPUR: Petroliam Nasional Bhd (PETRONAS) and Phoenix Petroleum have agreed and signed a memorandum of understanding (MoU). To develop a collaboration in downstream...

Dark Sky, known for its precise weather predictions and clean interface, has been acquired by Apple. The app will no longer be available for Android users, who are expressing disappointment about losing access to the beloved weather forecasting tool.

In a decisive move, the Malaysian High Court has rejected KNM Group Berhad's bid for a restructuring lifeline, spotlighting a series of legal violations and the scheme's lack of viability.

Singapore's GIC Pte Ltd has purchased a 16% stake in Sunway Healthcare Holdings for RM750 million through its indirect arm Greenwood Capital. The investment involves acquiring shares in Sunway City and subscribing to Sunway Healthcare shares, marking a significant healthcare sector investment. - EXCERPT: Captures the core information, main parties, transaction value, and investment context - Maintains SEO best practices of being informative, precise, and keyword-focused

Bursa Malaysia, UMW, and Maybank have partnered to develop a centralized sustainability platform in collaboration with LSEG. The initiative aims to streamline ESG disclosures, support carbon emissions tracking, and create green financing opportunities for listed and non-listed companies.

Bank Negara Malaysia and The Bank of Thailand have launched a groundbreaking cross-border QR payment linkage, allowing seamless instant payments between Malaysian and Thai shoppers and traders. The project, initiated in June 2020, connects real-time retail payment platforms RPP/DuitNow and PromptPay, facilitating quick and efficient cross-border transactions.

The Malaysian government has extended the tax exemption for corporate investors of retail money market funds until January 1, 2022, as part of its fiscal measures to mitigate the economic impact of the COVID-19 pandemic. This move aims to provide continued support to businesses during these challenging times.

Chinese bubble tea brand Nayuki, founded in Shenzhen in 2014, plans to raise $656 million through Hong Kong stock market listing. Founders Peng Xin and Zhao Lin expected to achieve billionaire status following successful initial public offering.

Japan approves a strategic semiconductor development project with TSMC, aiming to enhance technological capabilities and address global chip supply challenges in key industries like automotive manufacturing.

Guyana has granted ExxonMobil permission to develop its fourth offshore oil field, the $10 billion Yellowtail Project. Expected to produce up to 250,000 barrels per day, the project will come onstream by 2025, adding to the company's existing Liza and Payara fields.