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News
Tech: AI, circular financing and off-balance sheet debts
51+ min ago (1455+ words) The Edge Malaysia This article first appeared in The Edge Malaysia Weekly on August 3, 2026 - August 9, 2026 FOR over a year, there has been concern that a burgeoning circular financing loop in the artificial intelligence (AI) ecosystem and increasing use of off-balance…...
Offshore wind developer Orsted 2Q beats estimates, on track to meet 2026 outlook
26+ min ago (196+ words) Orsted expanded rapidly over the past decade, but more recently faced higher costs from supply chain disruption and inflation, and faces regulatory challenges in the United States, where President Donald Trump has sought to halt developments. Profit before interest, tax,…...
Singapore studies US$500 mil fund to climate-proof food system — Bloomberg
44+ min ago (249+ words) (Aug 13): Singapore, which imports more than 90% of its food, is exploring a proposal to raise about US$500 million for a fund to boost climate resilience in Southeast Asia’s supply chains. A fund could be launched early next year as Singapore…...
China's Lenovo posts 43% jump in 1Q revenue, highest in five years
1+ hour, 45+ min ago (413+ words) (Aug 13): China's Lenovo Group reported a 43% jump in quarterly revenue on Thursday, beating forecasts and sending shares of the world's largest computer maker surging, as it rides an AI hardware boom and reaps the benefits of a global memory chip…...
Malaysian consumer spending to stay resilient in 2H2026 despite rising living costs
1+ hour, 24+ min ago (561+ words) KUALA LUMPUR (Aug 13): Malaysians are expected to keep spending in the second half of 2026 (2H2026), although some households may become more cautious as living costs rise. Economists say spending is being supported by low inflation, rising wages and a strong job…...
VSTECS rises to two-month high after results, analysts say second-half may be better
4+ hour, 22+ min ago (265+ words) KUALA LUMPUR (Aug 13): VSTECS Bhd (KL:VSTECS) rose in Thursday trading as investors cheered the computer hardware distributor’s latest results while analysts said the second-half could be even better. Earnings in the first six months typically account for less than…...
Bank of Korea makes first gold-linked investment in 13 years
1+ hour, 53+ min ago (354+ words) (Aug 13): South Korea’s central bank bought gold-related assets for the first time in 13 years, joining global reserve managers turning to the precious metal as a hedge against geopolitical and economic uncertainty. The Bank of Korea (BOK) held 679,765 shares of SPDR…...
VentureTECH invests RM28 mil in three Bumiputera tech companies
2+ hour, 58+ min ago (238+ words) The three companies, Move Robotic Sdn Bhd, Recove Group Sdn Bhd and Edote Sdn Bhd, signed investment agreements with VentureTECH at a ceremony held at Pulse Grande Hotel here on Wednesday (Aug 12). VentureTECH chief executive officer Azizan Jaafar said the…...
Opinion: Energy reality in Asia-Pacific — balancing security, affordability and sustainability
4+ hour, 21+ min ago (1294+ words) (Aug 13): Since the start of this decade, we have been living in a world where uncertainty and unpredictability have become the norm. From a global pandemic to geopolitical tensions, supply chain disruptions, energy crises, inflationary pressures and rapid technological change,…...
South Korea unveils package to boost housing supply, support young buyers
4+ hour, 36+ min ago (247+ words) SEOUL (Aug 13): South Korea said on Thursday that it would raise financial support for construction projects and ease regulations for young homebuyers as part of efforts to stabilise a red-hot housing market. Earlier this month, the government of President Lee…...