<div class=newsTextDataWrapInner>NANJING (May 9): China Eastern Airlines has announced the launch of a daily passenger flight service starting June 30, connecting Nanjing, capital of east China's Jiangsu Province, with Kuala Lumpur, capital of Malaysia, reported Xinhua.</div>

<div class=newsTextDataWrapInner>The outbound flight from Nanjing Lukou International Airport is scheduled to take off at 10.50pm and touch down in Kuala Lumpur at 4.40am local time the next day. The inbound flight will depart at 5.50am and reach Nanjing at 11.35am on the same day.</div>

<div class=newsTextDataWrapInner>The new flight service comes amid the resurgence of international tourism, with China being one of the largest sources of tourists to Malaysia for many years. Malaysia has granted Chinese tourists visa-free entry for 30 days since December 1, 2023.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>During the recent five-day May Day holiday, inbound flights and passenger volume at Nanjing Lukou International Airport surged by 79.2% and 89.5% year on year, respectively, with a significant portion of the influx coming from Southeast Asia.</div>

China Eastern Airlines has announced the launch of a daily passenger flight service starting June 30, connecting Nanjing, capital of east China's Jiangsu Province, with Kuala Lumpur, capital of Malaysia, reported Xinhua.

New passenger air route to link Nanjing and Kuala Lumpur

The Federal Court has ruled in favour of TSR Capital Bhd (KL:TSRCAP) in its dispute with Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd (SPYTL) over the termination of a civil works subcontract for the electrified double-track project from Gemas to Johor Bahru.

TSR Capital gets full adjudication sum in dispute with YTL's unit over contract breach as Fed Court rules in its favour

Oil prices eased for a fourth straight session on Thursday after the minutes of a US Federal Reserve meeting revealed discussions of a further tightening of interest rates if inflation remained sticky, a move that could hurt oil demand.

Oil prices fall for fourth straight day as US rate hike prospects emerge

In the lead-up to implementing targeted subsidies, including for fuel, the government will focus on ensuring the right execution mechanism is in place, Finance Minister II Datuk Seri Amir Hamzah Azizan said.

Putrajaya to ensure proper mechanism in place before going live with targeted subsidies — Amir Hamzah

British newspapers had a field day mocking Prime Minister Rishi Sunak after he called for a snap election on July 4, with some typically wry and tongue-in-cheek headlines.

British tabloids take the mickey out of Sunak after calling for snap election, mainstream media stay sober

Microsoft president Brad Smith said the tech company's high profile deal with the United Arab Emirates-backed AI firm G42 could eventually involve the transfer of sophisticated chips and tools — a move that a senior Republican congressman warned could have national security implications.

Microsoft’s UAE deal could transfer key US chips and AI technology abroad 

A former political secretary to ex-home minister Datuk Seri Hamzah Zainudin has claimed trial to two counts of receiving RM350,000 bribe from a company to obtain a tender in supplying infrastructure, communications systems and software to the police.

Hamzah’s former political secretary charged with graft

China signalled its permission for the yuan to weaken against the dollar, as a jump in capital outflows and a resilient greenback pressured the central bank into loosening its grip.

China allows yuan to drop as outflows, dollar test PBOC’s grip

South Korea has unveiled a US$19 billion (RM89.56 billion) package of incentives to bolster its chip sector, a boon to Samsung Electronics Co and SK Hynix Inc, as they race to stay ahead in an increasingly competitive industry.

South Korea sets aside record US$19b to fuel chipmaking

Prime Minister Datuk Seri Anwar Ibrahim asserts that Asia possesses the economic weight, strategic capacity and collaborative might necessary to navigate geopolitical challenges.

Asia possesses economic heft, collaborative might to navigate geopolitical challenges, says Anwar 

Shares of QES Group Bhd (KL:QES) rose to their highest in 15 months after Public Investment Bank started coverage of the automated test equipment company with an “outperform” rating, citing sharp earnings rebound and clean balance sheet.

QES Group rises to 15-month high after Public Investment Bank starts coverage

Several key Asian share benchmarks fell on Thursday as markets digested the implications of policymakers in major economies preferring to take patient approach to monetary easing amid sticky inflation.

Asian stocks weaken on patient approach to rate cuts 

US stocks fell on Wednesday as investors digested minutes of the Federal Reserve's most recent meeting ahead of quarterly results from AI chipmaker Nvidia, due after the closing bell.

Stocks fall after Fed minutes with Nvidia on tap

Shares of Sime Darby Property Bhd (KL:SIMEPROP) climbed to its highest in nearly six years as analysts scrambled to raise their forecasts after the developer reported better-than-expected results.

Sime Darby Property soars to near six-year high after 1Q results

Teresa Cheung fired up her Xiaohongshu app, turned on her camera and dazzled her nearly 1.8 million online followers over a seven-hour livestream.

China’s app Xiaohongshu taps niche rich female Gen Zers

This year marks a monumental milestone in the history of Malaysia-China diplomatic relations. In a historic visit to the republic in 1974, then prime minister Tun Abdul Razak shook hands with Chinese paramount leader Mao Zedong in Beijing, and subsequently signed a joint communiqué with Chinese premier Zhou Enlai on May 31.

Celebrating 50 years of Malaysia-China relations: A special commemorative issue

PublicInvest Research has initiated coverage on QES Group Bhd (KL:QES) with an "outperform" recommendation at 65 sen and target price (TP) of 86 sen, pegged to 26x FY2025 earnings per share.

PublicInvest starts coverage on QES, target price 86 sen 

A former political secretary to ex-home minister Datuk Seri Hamzah Zainudin has claimed trial to two counts of receiving RM350,000 bribe from a company to obtain a tender in supplying infrastructure, communications systems and software to&nbsp;the police.

(May 23): Canada’s banking watchdog warned that many homeowners who took out mortgages when rates were near zero during the pandemic will soon face a reckoning as those loans renew.

The “payment shock” faced by some borrowers is among the most important risks currently in the financial ...

Canada bank watchdog warns of housing payment shock by 2026

Hartalega Holdings Bhd (KL:HARTA) may continue to grapple with massive industry oversupply that will limit earnings upside and further gains in its share price, analysts cautioned, even after the world’s second-largest glove maker by volume reported better-than-expected results.

Hartalega to face massive industry oversupply even after 4Q turnaround, say analysts

KUALA LUMPUR (May 23): The Securities Commission (SC) is considering allowing startup accelerators and venture capitalists, among others, as approved advisers for the LEAP Market listing on Bursa Malaysia.

SC mulls licensing startup accelerators, venture capitalists as advisers for LEAP Market

Rishi Sunak called a surprise UK general election for July 4, with the prime minister battling a Downing Street downpour and protesters to set his Conservative Party up for a bruising six-week battle to try to stop Keir Starmer’s poll-leading opposition Labour Party from taking power.

Sunak gambles on July 4 election as Tories struggle in polls

KUALA LUMPUR (May 23): RHB Retail Research said Oppstar Bhd (KL:OPPSTAR) is in the midst of resuming its uptrend following a recent pullback — the stock rebounded off the 21-day simple moving average (SMA) line and tested the RM1.46 immediate resistance on Tues...

Oppstar in midst of resuming uptrend, says RHB Retail Research 

Malaysia's vibrant semiconductor industry bolsters its position as a reliable regional partner in manufacturing, trade and innovation, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: Malaysia’s robust semicon industry reinforces country’s standing as a reliable regional partner 

Shares of QES Group Bhd (KL:QES) rose to their highest in 15 months after Public Investment Bank started coverage of the automated test equipment company with an “outperform” rating, citing sharp earnings rebound and clean balance sheet.

Rakuten Trade RGB International Bhd (KL: RGB) may trend higher after breaking out from its three-week bullish flag pattern a few sessions ago.

RGB may trend higher, says Rakuten Trade 

RHB Retail Research said Aemulus Holdings Bhd (KL:AEMULUS) is set for an uptrend reversal after bouncing off the 21-day simple moving average (SMA) line and breaking above the 36 sen immediate resistance on strong trading volume, where it formed a “higher high” bullish pattern.

Aemulus set for uptrend reversal, says RHB Retail Research 

Singapore Telecommunications posted a 64% drop in full-year net profit on Thursday hit by a S$3.1 billion (RM10.8 billion) impairment charge, majority of which relates to its mobile network operation unit Optus.

SingTel annual profit more than halves on US$2.3b impairment charge

Nikki Haley, who challenged Donald Trump for the Republican nomination, said she plans to vote for her former rival in November, becoming the latest critic of the former president to back his White House bid.

Nikki Haley says she will vote for Donald Trump in November

KUALA LUMPUR (May 23): Hong Leong Investment Bank (HLIB) Research has upgraded its rating on Bursa Malaysia Bhd (KL:BURSA) to “buy” at RM8.30 with a higher target price of RM9.15 (from RM7.36), and said it sees the bourse's FY2024 average daily volume (ADV) hitting a post-pandemic high of RM2.7 b...

HLIB sees Bursa’s FY2024 ADV hitting post-pandemic high of RM2.7b

More to come
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