Trading ideas: TNB, Bursa, HI Mobility, KIP REIT, UUE, Pestec, Jati Tinggit, SL Innovation, SC Estate, Majuperak, Oasis, Pavilion REIT
Tenaga Nasional Bhd has been given the green light by the High Court to commence judicial review against the Inland Revenue Board in relation with tax assessment totalling RM291.6mn for FY18.
Bursa Carbon Exchange, a subsidiary of Bursa Malaysia Bhd , will host its first bilateral energy supply contract auction this November.
HI Mobility Bhd is working to resolve a strike involving drivers of its flagship bus brand Causeway Link, following a recent wage cut.
Unitholders of KIP Real Estate Investment Trust have given the green light at its extraordinary general meeting for the RM118.0mn acquisition of 4 retail properties in Kuantan and Selangor as well as a RM132.0mn private placement to fund part of the purchase and subsequent enhancements.
UUE Holdings Bhd have inked a memorandum of understanding with Asean Cableship Pte Ltd to provide horizontal directional drilling solutions for offshore telecommunications and infrastructure projects in the Asia Pacific region.
Pestec International Bhd has been sued by its former group CEO Paul Lim Pay Chuan and his uncle, former deputy chairman Lim Ah Hock, for a total of RM17.5mn in alleged unpaid advances.
Jati Tinggi Group Bhd has secured a RM19.4mn contract from Tenaga Nasional Bhd for submarine cable works in Perak via a 70:30 joint venture.
SL Innovation Capital Bhd has decided to defer plans to transfer its listing from the LEAP Market to the ACE Market, citing prevailing market uncertainties.
SC Estate Builder Bhd is disposing of a piece of land in Alor Setar, Kedah, measuring 5,834 sq metres to Novium Pinnacle Sdn Bhd for RM8.8mn.
Majuperak Holdings Bhd 's RM18.4mn proposed disposal of Brewster Village to Ladang Lekir Sdn Bhd was terminated due to unmet conditions. Majuperak remains an affected issuer and aims to submit its revised plan by 11 October 2025.
Oasis Harvest Corporation Bhd, which operates restaurants, saw the emergence of Labuan-based European Credit Investment Bank Ltd as its new substantial shareholder.
Pavilion Real Estate Investment Trust 's net property income rose 8.2% YoY to RM129.8mn in 2QFY25, thanks to higher contributions from Pavilion Bukit Jalil and advertising revenue from Elite Pavilion Mall.
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The Star
8 hours ago
- The Star
Vietnam's passport ranking rises to 84th in the world, unlocking new opportunities for global travel and integration
Vietnamese passport holders can now enter 51 destinations without a traditional visa - on par with several other developing nations. -- Photo: HANOI (Vietnam News/ANN): Vietnam's passport has climbed seven places to rank 84th out of 199 countries and territories in the Henley Passport Index for the third quarter of 2025, up from 91st earlier this year and 87th in 2024. The improvement, announced on July 22 by UK-based Henley & Partners, signals stronger global confidence in Vietnam and presents broader opportunities for its citizens in tourism, trade, and international integration. The Henley Passport Index ranks passports based on the number of destinations their holders can access without a visa, or with simplified procedures such as e-visas, visas on arrival, or electronic travel authorisations (ETAs). Vietnamese passport holders can now enter 51 destinations without a traditional visa - on par with several other developing nations. Though still ranked in the lower-middle tier globally, the recent jump reflects growing trust in Vietnam's foreign policy, administrative transparency, and international reputation. It is also one of Vietnam's most significant upward moves since Henley & Partners began tracking global passport access nearly two decades ago using data from the International Air Transport Association (IATA). Vietnamese citizens can currently travel visa-free or with simplified entry to several Asean countries, including Thailand, Singapore, Indonesia, and the Philippines, as well as to destinations in Africa, South America, Central Asia, and South Asia, such as Kenya, Panama, Kyrgyzstan, Iran, and the Maldives. In South-East Asia, Vietnam's passport ranks above Laos (92nd) and Myanmar (93rd), while Singapore remains at the top worldwide with visa-free access to 195 destinations. According to tourism and policy experts, a passport's ranking reflects more than mobility, it serves as a 'soft measure' of a country's political stability, global standing, and the trust placed in its citizens. The improvement also mirrors Vietnam's efforts in bilateral diplomacy, upgrades in e-passport systems, and negotiations for visa waivers with countries across Asia, Africa, and the Pacific. Experts also noted the broader impact on outbound tourism. Visa-free access stimulates demand for international travel and enables Vietnamese tour operators to design more diverse and high-end packages. Better passport access allows students, businesspeople, and workers to engage internationally with greater ease, enhancing Vietnam's role as a contributor to global culture, trade, and diplomacy. As Vietnam continues to modernise its passport system and expand diplomatic ties, the rising passport ranking not only reflects progress but also serves as a gateway for millions to explore the world and represent their country with pride. According to the National Statistics Office, more than 4 million Vietnamese citizens traveled abroad in the first half of 2025, marking a 53.9% increase compared to the same period in 2024. - Vietnam News/ANN
New Straits Times
11 hours ago
- New Straits Times
Humanoid robots embodiment of China's AI ambitions
SERVING craft beer, playing mahjong, stacking shelves and boxing, the dozens of humanoid robots at Shanghai's World AI Conference (WAIC) this weekend were embodiments of China's growing AI prowess and ambition. The annual event is primed at showcasing China's progress in the ever-evolving field of artificial intelligence, with the government aiming to position the country as a world leader on both technology and regulation as it snaps at the United States' heels. Opening the event on Saturday, Premier Li Qiang announced China would set up a new organisation for cooperation on AI governance, warning the benefits of development must be balanced with the risks. But in the cavernous expo next door, the mood was more giddy than concerned. "Demand is currently very strong, whether in terms of data, scenarios, model training, or artificial construction. The overall atmosphere in all these areas is very lively," said Yang Yifan, R&D director at Transwarp, a Shanghai-based AI platform provider. This year's WAIC is the first since a breakthrough moment for Chinese AI this January when startup DeepSeek unveiled an AI model that performed as well as top US systems for an apparent fraction of the cost. Organisers said the forum involved more than 800 companies, showcasing over 3,000 products – the undeniable crowd pleasers being the humanoid robots and their raft of slightly surreal party tricks. At one booth, a robot played drums, half a beat out of time, to Queen's "We Will Rock You" while a man in safety goggles and a security vest hyped up a giggling crowd. Other droids, some dressed in working overalls or baseball caps, manned assembly lines, played curling with human opponents or sloppily served soft drinks from a dispenser. While most of the machines on display were still a little jerky, the increasing sophistication year-on-year was clear to see. The Chinese government has poured support into robotics, an area in which some experts think China might already have the upper hand over the United States. At Hangzhou-based Unitree's stall, its G1 android – around 130 centimetres (four feet) tall, with a two-hour battery life – kicked, pivoted and punched, keeping its balance with relative fluidity as it shadowboxed around a ring. Ahead of the conference's opening, Unitree announced it would launch a full-size humanoid, the R1, for under US$6,000. Most high-tech helpers don't need hardware though. At the expo, AI companions – in the form of middle-aged businessmen, scantily clad women and ancient warriors – waved at people from screens, asking how their day was, while other stalls ran demos allowing visitors to create their own digital avatars. Tech giant Baidu on Saturday announced a new generation of technology for its "digital humans" – AI agents modelled on real people, which it says are "capable of thinking, making decisions, and collaborating." The company recently ran a six-hour e-commerce broadcast hosted by the "digital human" of a well-known streamer and another avatar. The two agents beat the human streamer's debut sales in some categories, Baidu said. Over 10,000 businesses are using the technology already, the department's head Wu Chenxia told AFP. Asked about the impact on jobs – one of the major concerns raised around widespread AI adoption – Wu insisted that AI was a tool that should be used to improve quality and save time and effort, which still required human input. For now, few visitors to the WAIC expo seemed worried about the potential ramifications of the back-flipping dog robots they were excitedly watching. "When it comes to China's AI development, we have a comparatively good foundation of data and also a wealth of application scenarios," said Transwarp's Yang.
New Straits Times
17 hours ago
- New Straits Times
US investment firm in talks to buy ST Telemedia Global Data Centres
SINGAPORE: US investment firm KKR is in talks to buy Singapore-based ST Telemedia Global Data Centres in a deal that could value the Asian infrastructure provider at more than US$5 billion, Bloomberg News reported on Saturday, citing people familiar with the matter. KKR and STT declined to comment to Reuters' requests for comments on the report. KKR is already a backer of the closely held data centre company with a 14.1 per cent stake, Bloomberg News reported. In 2024, a consortium of KKR and Singapore Telecommunications invested S$1.75 billion (US$1.37 billion) in ST Telemedia, whose businesses include data centres and infrastructure technology.
