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New Straits Times
3 days ago
- Business
- New Straits Times
MARKET PULSE AM JULY 17, 2025 [WATCH]
KUALA LUMPUR: News on the latest moves on the stock and crypto markets. iCents Group made a strong debut on Bursa Malaysia's ACE Market, opening at 29 sen, a five sen or 21 per cent premium over its initial public offering (IPO) price of 24 sen. The counter was the most actively traded stock at market open, with over 58 million shares changing hands. Bursa Malaysia opened slightly higher, taking cue from Wall Street's positive overnight performance. The index is expected to hover within the 1,500 to 1,510 range. In the cryptocurrency market, Bitcoin fell to RM496,081. Meanwhile, Ethereum rose to RM14,059 and Solana edged up to RM722. That's it for Market Pulse.
New Straits Times
5 days ago
- Business
- New Straits Times
Palm slips after two-day gain on profit-taking
JAKARTA: Malaysian palm oil futures snapped two sessions of gains on Tuesday on profit-taking. The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange lost RM14, or 0.33 per cent, to RM4,216 (US$991.30) a metric ton by 0233 GMT. Dalian's most-active soyoil contract increased 0.23 per cent, while its palm oil contract gained 0.48 per cent. Soyoil prices on the Chicago Board of Trade were slightly down at 0.04 per cent. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Oil prices edged down on Tuesday as the market digested US President Donald Trump's 50-day deadline for Russia to end the Ukraine war and avoid sanctions on buyers of its oil, while worries continued to linger over Trump's trade tariffs. Weaker crude oil futures make palm a less attractive option for biodiesel feedstock. The ringgit, palm's currency of trade, slightly weakened 0.07 per cent against the dollar, making the commodity cheaper for buyers holding foreign currencies. India's palm oil imports jumped to an 11-month high in June as refiners ramped up purchases due to a price discount compared to rival soyoil and sunflower oil, and to replenish depleted inventories. Palm oil may test resistance at RM4,257 per metric ton, a break above which could lead to a gain to RM4,295, Reuters technical analyst Wang Tao said. Asian shares climbed and the dollar held gains on Tuesday as trade talks remained in the spotlight in a week that will see key readings on US inflation and bank earnings.
The Star
10-07-2025
- The Star
Apple readies first upgrade to its struggling Vision Pro headset
Apple Inc is planning to introduce its first upgrade to the US$3,499 (RM14,881) Vision Pro headset as early as this year, aiming to improve the performance and comfort of a device that has been slow to catch on with consumers. The updated Vision Pro will include a faster processor and components that can better run artificial intelligence, according to people with knowledge of the matter. There also will be a new strap to make it easier to wear the headset for long periods of time, said the people, who asked not to be identified because the plans haven't been announced. With the latest version, Apple is bolstering a product category that launched in February of last year – heralded then as the dawn of a new era for the company. The Vision Pro blended virtual and augmented reality in a novel way, but cumbersome hardware and a hefty price tag hurt its prospects. The pending update sets the stage for bigger changes later. Apple is working on a redesigned model for 2027 that significantly reduces the weight of the headset, the people said. The company's plans could still change and the timing may shift, they added. A spokesperson for Cupertino, California-based Apple declined to comment. The initial upgrade will use an M4 processor currently offered in the iPad Pro, MacBook Pro, iMac and other computers. That's an improvement from the M2 chip in the current headset. The M2 was first rolled out three years ago in the MacBook Air, making its use in the Vision Pro seem outdated now. Apple is also testing versions of the new device that increase the number of cores inside of the neural engine – a component for processing artificial intelligence tasks. The neural engine in the current Vision Pro includes 16 cores, a measure of processing power. These capabilities are critical for a device that relies on AI for the live processing of imagery and applications in complex virtual environments. The company is also prototyping new straps that are designed to reduce neck strain and head pain. Discomfort from the roughly 1.4-pound device has been one of the biggest complaints about the first Vision Pro. The hope is to address that problem without meaningfully reducing the weight of the hardware – at least with the first update. The current Vision Pro includes two strap options: one that sits around the back of a person's head and another that also goes over the top of a wearer's head. There have been other attempts to ease the load. A developer of masks used in sleep apnea treatment even began offering a third-party band for the device. But the issue hasn't been resolved. The Vision Pro also has suffered from a lack of compelling and exclusive apps. That's all added up to a lackluster debut for the new product category – a far cry from Apple's successful push into smartphones, tablets and watches. The company has only sold hundreds of thousands of units so far and has slowly expanded its availability. The second generation's minor changes are unlikely to make the headset a consumer hit. But they may give corporate customers a reason to consider the Vision Pro – and prod more app developers to support the technology. Later this year, Apple will roll out the headset's new visionOS 26 operating system, which includes virtual widgets and an eye-scrolling capability. More than anything, the new model is meant to keep Apple relevant in the headset market until the lighter and cheaper model – code-named N100 – will be ready in two years. Design work for that device, which Bloomberg first reported on in April, is slated to be complete next year. Apple is also developing a tethered headset designed for enterprise applications and reduced lag, Bloomberg has reported. The company had been working on Mac-connected glasses that could serve as a virtual computer monitor, but it paused work on the project – code-named N107 – several months ago. In its current from, the Vision Pro relies on so-called pass-through cameras to create an augmented reality effect. That means users can see the world around them, while still having the more immersive experience of VR. This mixed-reality approach is unlikely to be a successful formula for Apple in the long run, especially because Meta Platforms Inc. offers a rival device for much less. But the technology could lay the groundwork for products with more mainstream appeal. The goal at Apple is to eventually dominate the smart glasses category – whatever form that takes. The industry is pushing toward true AR glasses, which would superimpose data and images on real-world views. Users would see their surroundings through ordinary glass, rather than having to rely on the pass-through cameras. But this more elegant approach is a difficult technical challenge. In the meantime, Meta has a hit with non-AR glasses that can handle tasks through a voice assistant, such as recording video, making phone calls and requesting information. Apple is looking to introduce a similar device as early as the end of 2026, Bloomberg News has reported. The company is also still working on true AR glasses, with the goal of bringing a product to market before the end of the decade. Tim Cook, Apple's chief executive officer, is fixated on succeeding in this area, Bloomberg has reported. But Apple's competitors are moving quickly. In addition to offering Ray-Ban smart glasses, Meta has introduced athletic-focused versions under the Oakley brand. It's also planning its first smart glasses with a display for later in 2025. Samsung Electronics Co, meanwhile, will roll out its a headset code-named Moohan later this year. That device works similarly to the Vision Pro but is expected to be cheaper and feel noticeably lighter during use. In 2027, Meta plans to release its first true AR glasses, potentially beating Apple to market by several years. Earlier this year, Apple reshuffled the team behind the Vision Pro. The device's top manager, Mike Rockwell, left to focus on the Siri voice assistant and the headset's operating system. And the Vision Pro's software and hardware teams were broken up and put in different development groups. – Bloomberg
The Sun
10-07-2025
- Entertainment
- The Sun
33-year-old from Selangor wins RM14.6 mil Sports Toto jackpot
A 33-year-old project manager from Selangor just became RM14.6 million richer after striking the Power Toto 6/55 jackpot on July 6 — and he credits his win to none other than his girlfriend. The man revealed he had been playing the same set of numbers — 4, 8, 11, 18, 20, and 29 — for the past three years. The secret? They were inspired by both his and his girlfriend's MyKad digits. 'I've always stuck to these numbers and would even buy eight draws in advance,' STM Lottery quoted him as saying on Thursday (July 10). The sentimental combo paid off big time. When he saw the results last Sunday, he was so shocked he couldn't sleep all night. The next day, he quietly made his way to STM Lottery's office to claim his jaw-dropping RM14,628,701.20 prize. 'I didn't tell anyone at first. I needed time to process the fact that I'd just become a multi-millionaire overnight,' he admitted. So, what's next for the lucky winner? No wild spending sprees here. He plans to channel his fortune into 'smart investments' to secure his future. Talk about a lucky love story! ALSO READ: Banker hits RM10m jackpot with 'God-sent' numbers combo 'Luckily I followed the inner voice' - 25-year-old wins RM6.2 million Toto jackpot
The Sun
10-07-2025
- Business
- The Sun
33-year-old from Selangor wins RM14.6 mil Sports Toto jackpot using girlfriend's MyKad number
A 33-year-old project manager from Selangor just became RM14.6 million richer after striking the Power Toto 6/55 jackpot on July 6 — and he credits his win to none other than his girlfriend. The man revealed he had been playing the same set of numbers — 4, 8, 11, 18, 20, and 29 — for the past three years. The secret? They were inspired by both his and his girlfriend's MyKad digits. 'I've always stuck to these numbers and would even buy eight draws in advance,' STM Lottery quoted him as saying on Thursday (July 10). The sentimental combo paid off big time. When he saw the results last Sunday, he was so shocked he couldn't sleep all night. The next day, he quietly made his way to STM Lottery's office to claim his jaw-dropping RM14,628,701.20 prize. 'I didn't tell anyone at first. I needed time to process the fact that I'd just become a multi-millionaire overnight,' he admitted. So, what's next for the lucky winner? No wild spending sprees here. He plans to channel his fortune into 'smart investments' to secure his future. Talk about a lucky love story!
