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From Investment To Inclusion: The Critical Test for JS-SEZ

The following commentary is contributed by Central Force International CEO See Toh Wai Yu

Large economic initiatives are often judged by the scale of their investment. Yet their long-term success depends less on capital inflows than on whether people believe they will benefit from the transformation taking place around them.

The Johor Singapore Special Economic Zone (JS-SEZ) has already generated strong momentum. In the first quarter of 2025 alone, RM30.1 billion in approved investments were recorded in Johor, with roughly 90% located within the zone’s footprint. The sectors prioritised, including artificial intelligence, advanced manufacturing, digital services and medical technology, place the region firmly within the trajectory of the global economy.

But investment momentum alone does not guarantee durable public support.

Understanding how people perceive development is just as important as the investment itself. Central Force International’s JS-SEZ Public Sentiment and Workforce Study provides one of the earliest snapshots of how Johoreans view the initiative, showing that while acceptance is broadly positive, support remains clearly conditional.

Growth Must Be Felt

Across the study, job creation emerges as the dominant condition for supporting development, cited by 81.4% of respondents. Affordable housing follows closely at 70.1%, while better traffic planning was identified by 47.3% of residents.

These results reveal how people evaluate economic initiatives in practice. Public confidence is shaped less by macroeconomic announcements than by whether development improves everyday living conditions.

Residents consistently assess projects through a practical lens: whether jobs will be accessible, whether housing remains affordable and whether infrastructure can keep pace with growth.  Encouragingly, the data also shows that sentiment remains fluid. Many residents are still forming their views about JS-SEZ, suggesting that confidence will evolve as developments become more visible and their benefits clearer.

What Residents Want to See

The study also reveals the type of development Johoreans believe will benefit the states most directly.

Technology and innovation centres rank highest, selected by 23.8% of respondents, followed by industrial parks (18.6%), tourism development (18%), housing and property (17.7%), and business and commercial hubs (12.5%).

Across these choices, a clear pattern emerges. Residents associate development with projects that generate employment, stimulate economic activity and improve liveability.

District level insights reinforce this trend. Johor Bahru respondents prioritise technology centres and industrial parks, tourism ranks highest in Kota Tinggi, while districts such as Pontian and Tangkak place stronger emphasis on housing and commercial activity. Rather than rejecting development, residents are signalling what they expect development to deliver.

Johor’s Workforce Potential

The data also highlights Johor’s workforce readiness.

More than one third of the population holds a degree, while roughly 30% have completed upper secondary education. The most common fields of study, including engineering and technical disciplines, business and finance, and information technology, align closely with the industries prioritised under JS-SEZ.

Workforce segmentation reveals both strengthened and opportunity. About 45% of the labour force can be considered high value talent, while another 25% show strong potential to move up the value chain with targeted support. However close to one fifth remain vulnerable as industries evolve.

This distribution suggests Johor possesses a meaningful talent base for higher value industries, but sustained investment in skills development and career pathways will be essential to ensure growth translates into broader participation.

Support With Conditions

While acceptance of JS-SEZ development is strong, the study shows that support is clearly conditional.

Residents consistently emphasise local employment opportunities, housing affordability and infrastructure readiness. The most common concerns relate to rising living costs, property increases and traffic congestion.

Notably, 37.4% of respondents selected “don’t know” when asked about their concerns regarding JS-SEZ, indicating that public opinion is still evolving and that many residents have yet to form firm views about the initiative’s potential risks.

Why Data Matters

For initiatives as large as JS-SEZ, independent data plays a critical role in bridging the gap between policy ambition and public understanding.

Central Force’s research tracks awareness, expectations and concerns across Johor, providing policymakers and investors with a clearer picture of how development is perceived on the ground.

When economic strategies are informed by credible sentiment and workforce data, the likelihood of building durable public confidence increases significantly.

Ultimately, the success of JS-SEZ will not be measured only by investment totals, but by whether growth translates into accessible jobs, sustainable housing and visible improvements in everyday life. 

IKEA Malaysia Turns 30 With Food Deals, Cake Giveaways And Live Music

A free slice of cake might not usually make headlines, but that’s exactly what’s drawing attention at IKEA Malaysia this week. As the brand marks 30 years in Malaysia, it’s turning everyday store visits into something a little more unexpected — especially if your IC happens to include the number “30”.

The celebration runs from April 23 to May 22, 2026, with stores nationwide layering daily surprises on top of their usual home furnishing experience. Rather than a single big event, it’s a rolling calendar of small moments — food offers, in-store activities, and short-lived deals that change from day to day.

Some of the most talked-about moments are tied to simple, very specific perks. On May 16, customers with “30” in their identity card can redeem a free slice of anniversary cake, limited to the first 100 people in-store.

It’s a small detail, but it’s the kind of offer that turns a routine shopping trip into a bit of a story. The same day also includes discounted storage jars, keeping the “30” theme consistent across different parts of the store.

Food plays a big role throughout the week. Selected meals at the Swedish Restaurant are offered at RM30 for IKEA Family members on May 14, while on other days, bring smaller food treats and add-ons tied to minimum spending in-store.

It’s less about dining promotions and more about how the store experience blends shopping and eating in the same visit — something many regular visitors already associate with IKEA trips.

Alongside that, there are practical home-focused deals that rotate daily. Storage systems, trolleys, seating, and everyday furniture all appear in short-term discounts across different dates. These are the kinds of products that often end up being the unplanned part of a visit — picked up after browsing showrooms or walking through staged room setups.

Beyond shopping and food, there’s also a quieter social element. Live music sessions called IKEA Unplugged run at selected stores, including Damansara, Cheras, Tebrau and Batu Kawan, scheduled weekly throughout the campaign period.

There’s also a playful online angle with the #IKEAripapYourWay challenge, where customers are encouraged to film creative ways of enjoying IKEA’s curry puffs. The campaign reflects a broader effort to connect lifestyle engagement with food culture, while maintaining the brand’s familiar in-store experience.

Govt Ready For National Rollout Of B15 Biodiesel On June 1

The Ministry of Plantation and Commodities has completed all technical engagements with petroleum companies ahead of the nationwide implementation of the higher B15 biodiesel blend beginning June 1, 2026.

Plantation and Commodities Minister Noraini Ahmad said supply chains, logistics systems and blending depot infrastructure are fully prepared to support the nationwide rollout.

She said the new biodiesel blend rate would be implemented through a mechanism coordinated by the high-level committee on Biofuels.

“The implementation of this initiative will reduce dependence on imported petroleum diesel, extend existing fuel stock availability, stabilise domestic crude palm oil prices and lower carbon emissions from the transport sector, in line with the National Agricommodity Policy and the National Energy Transition Roadmap,” she said.

Noraini said the transition to B15 reflected the readiness of Malaysia’s local infrastructure, engineering and technology capabilities in supporting the renewable energy agenda.

She added that the move also signalled Malaysia’s commitment to optimising palm oil usage for the domestic energy sector without affecting export market supply.

On enforcement, she said the ministry was working closely with the Ministry of Finance, the Ministry of Domestic Trade and Cost of Living and the Royal Malaysian Customs Department to ensure smooth implementation.

Public awareness initiatives are also being coordinated with the Ministry of Communications to ensure accurate and clear information is conveyed to consumers regarding the new biodiesel blend policy.

Malaysia Eyes RM55 Billion Aerospace MRO Market By 2030

Malaysia’s aerospace maintenance, repair and overhaul (MRO) industry is on track to achieve RM55 billion in revenue by 2030 under the Malaysia Aerospace Industry Blueprint (MAIB) 2030, as the country positions itself to capture a larger share of the fast-growing Asia-Pacific aviation market.

Deputy Investment, Trade and Industry Minister Sim Tze Tzin said the target would account for about 25% of the Asia-Pacific MRO market, which is projected to exceed US$60 billion by the end of the decade.

Speaking at the MRO Southeast Asia 2026 event, Sim said Malaysia is already the third largest MRO player in the Asia-Pacific region and is now shifting towards higher-value services, particularly component and engine maintenance.

“We are shifting our focus toward higher-value MRO segments, such as component and engine maintenance,” he said.

Sim said the government is strengthening key industry enablers including infrastructure, talent development and technology adoption under MAIB 2030.

Among the initiatives highlighted were the regeneration of Subang Airport and the expansion of the Selangor Aero Park ecosystem, which are expected to support scalable growth for MRO operators and Tier-1 aerospace suppliers.

“At the same time, we are committed to building a highly skilled workforce, aiming to create more than 30,000 high-skilled jobs by 2030 while accelerating the adoption of advanced solutions, including predictive maintenance and digitalised MRO tools,” he said.

On geopolitical concerns, Sim said the ongoing conflict in West Asia has had limited impact on the aerospace sector so far, although airlines may face pressure from rising jet fuel prices.

“The impact remains limited on the aerospace sector. Aircraft components are still available, and aircraft continue to require regular maintenance as the industry grows,” he said.

Hosted by Malaysia Airports Holdings Bhd in collaboration with Aviation Week Network, the event gathered more than 350 participants from across the global aviation supply chain to discuss growth opportunities in Southeast Asia’s aerospace sector.

Bursa Malaysia Slips At Midday As Investors Cash Out Plantation, Utility Blue Chips

Bursa Malaysia ended the morning session lower on May 13 as investors locked in gains in selected plantation and utility heavyweights, dragging the benchmark index into negative territory.

At 12:30pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) fell 6.67 points, or 0.38%, to 1,743.89 from its close of 1,750.56 on May 12.

Broader market indices also weakened, with the FBM Emas declining 36.82 points (0.28%) to 12,917.55, the FBM Shariah shedding 43.40 points (0.34%) to 12,830.90, and the FBM 70 slipping 16.02 (0.09%) points to 18,517.05. The F4GBM eased 3.17 points (0.3%) to 1,043.15.

Market breadth stayed negative, with losers beating gainers 529 to 421, while 545 counters were unchanged, 1,180 untraded and 13 suspended.

Among the key laggards, Tenaga Nasional Bhd slid 14 sen to RM14.64, while Malayan Banking Bhd declined four sen to RM11.20 and IHH Healthcare Bhd eased three sen to RM9.

Consumer and plantation-linked counters also weighed on sentiment, with Fraser & Neave Holdings Bhd losing 22 sen to RM29.68 and Boustead Plantations Bhd dropping 20 sen to RM14.80.

On the upside, KLCC Property Holdings Bhd gained 22 sen to RM9.22, while UWC Bhd climbed 20 sen to RM5.93.

Trading activity remained active, with turnover reaching 2.39 billion shares worth RM1.44 billion. Astro Malaysia Holdings Bhd emerged as the most actively traded stock with 87.74 million shares exchanged.

Global Travel Sector Set To Hit US$12 Trillion In 2026 As Growth Outpaces World Economy

The global travel and tourism sector is projected to contribute US$12 trillion to the world economy in 2026, accounting for nearly 10% of global GDP as the industry continues to expand faster than the broader global economy.

According to the latest Economic Impact Research by the World Travel & Tourism Council (WTTC) in partnership with Oxford Economics, global travel and tourism GDP is forecast to grow 3.2% in 2026, outpacing wider economic growth of 2.4%. The sector is also expected to support 376 million jobs worldwide, equivalent to one in every nine jobs globally.

Over the next decade, the industry is forecast to generate almost 89 million new jobs, while global travel and tourism GDP is expected to grow at an annual rate of 3.6%, about 1.5 times faster than the broader economy.

Europe is set to remain one of the sector’s brightest spots, with travel and tourism GDP forecast to expand 3.6% in 2026, sharply ahead of the region’s wider economic growth estimate of just 1%.

The WTTC said international visitor spending across Europe is expected to rise 7.1% next year as travellers increasingly favour destinations closer to home amid geopolitical uncertainty elsewhere.

Southern European destinations continue to lead the recovery, with Spain and Italy among the region’s strongest-performing tourism markets. Spain alone welcomed 96.8 million international visitors in 2025 and generated €115.1 billion in visitor spending, making it Europe’s top tourism revenue destination.

WTTC President and Chief Executive Officer Gloria Guevara said the sector remains one of Europe’s most important economic growth engines amid slowing global expansion, driven by strong investment, connectivity and supportive tourism policies.

Louis Vuitton Resorts Enters Full Summer Mode For 2026

Louis Vuitton has set the tone for holiday dressing with its Resort 2026 collection, presenting a sun-drenched wardrobe that moves through the rhythm of a full summer’s day. From early beachside energy to late-night cocktail dressing, the collection blends technical craftsmanship with a relaxed, coastal attitude.

The collection opens on a clear beach mood. Think terry-knit co-ords, tie-dye polo shirts and Monogram swimwear built for a more styled take on surf culture. There’s a playful edge too, including oversized jersey pieces with tongue-in-cheek graphics.

Accessories fall under the collectable territory: the Ace Ball, a volleyball built from 18 Monogram leather panels, and the Bag-Alow, a structured bag inspired by California beach bungalows, stand out as more design objects than standard holiday accessories.

As the day moves on, the collection shifts into something more polished. Silhouettes soften, and the focus moves to silk shirts and fluid dresses with chain and floral-inspired prints.

Colour comes through in new Minigram bags, arriving in shades like pink, yellow and hazelnut. The styling here feels lighter and more refined, with rattan textures and tinted sunglasses marking the transition from daytime to early evening.

By night, the collection tightens in tone. Lingerie-inspired black dresses bring a more structured finish, paired with the beaded Capucines Sunbeam bag. The detailing becomes the focus, but the styling stays controlled and wearable.

Across the board, the emphasis stays on versatility—pieces designed to move through different settings without feeling out of place. It’s a resort offering built around one idea: a complete summer wardrobe that works from first swim to final cocktail.

Rhone Ma 1Q PAT Slips Slightly To RM3 Million Despite Higher Revenue

Rhone Ma Holdings Bhd kicked off its financial year on firmer footing with higher quarterly revenue, although profit after tax (PAT) edged slightly lower amid rising operating costs.

For the first quarter ended Dec 31, 2026 (1Q26), the group posted revenue of RM53.6 million, up 8% from RM49.8 million a year earlier, driven mainly by stronger sales from its Animal Health Products & Equipment segment.

However, PAT slipped marginally to RM3 million from RM3.1 million recorded in the corresponding quarter last year, as the group navigated a tougher operating environment marked by cost pressures.

Group Managing Director Dr Lim Ban Keong said the quarter’s performance reflected sustained demand for specialised veterinary solutions and food ingredients, alongside growing adoption of higher biosecurity standards across the livestock industry.

Nevertheless, he emphasised the group remains focused on evolving from a traditional product supplier into a technical solutions partner that is deeply integrated into customers’ operational ecosystems.

The Food Ingredients segment contributed RM6.4 million during the quarter, while the group continued advancing its “grass to glass” vertically integrated strategy through its dairy operations to build sustainable long-term revenue streams.

Looking ahead, Lim said the group remains cautious over global economic uncertainties and raw material price fluctuations, but believes its healthy cash position and diversified business model will support its long-term expansion plans.

Indonesian Stocks Slide After MSCI Removed Six Firms Out From Its Index

Indonesia’s benchmark stock index slid to a one-year low and shares of some companies owned by the nation’s richest families tumbled, after MSCI removed six firms from its Indonesia global standard index.

The index provider announced on Tuesday it had removed Amman Mineral International, Chandra Asri Pacific, Dian Swastatika Sentosa, Barito Renewables Energy, Petrindo Jaya Kreasi and Sumber Alfaria Trijaya from the MSCI Indonesia Index following a quarterly review.

That sent the Jakarta Composite ‌Index sliding 1.7 per cent to a one-year low shortly after the open on Wednesday, with shares of most of the affected companies tumbling more than 10 per cent.

The exception was Sumber Alfaria Trijaya, whose shares last traded 4 per cent lower, as the company was moved to the MSCI Indonesia small cap index.

The revision following MSCI’s comments last month that it will extend its review of ‌Indonesia’s stock market to June to assess reforms announced by the Southeast Asian nation, after a warning in January triggered a market rout and a foreign investor exodus.

The move could drive forced selling from passive index-tracking funds once the rebalancing comes into effect on May 29.

The index provider had at the start of the year warned that Indonesia could be downgraded to “frontier” market status from “emerging”, citing concerns over highly concentrated company ownership structures and transparency problems.

Indonesian business magnate Prajogo Pangestu has controlling stakes in Chandra Asri, Barito Renewables and Petrindo Jaya Kreasi.

Dian Swastatika Sentosa is part of the Sinar Mas Group, one of the country’s largest conglomerates owned by the billionaire Widjaja family.

In Tuesday’s move, MSCI also removed 13 Indonesian companies from its small cap index list, including state miner Aneka Tambang and several palm oil companies such as conglomerate Astra Group’s Astra Agro Lestari and Sinar Mas Group’s real estate firm Bumi Serpong Damai.

MSCI said in April it would continue to freeze increases ​to foreign inclusion factors and the number of shares for Indonesian securities. It will also refrain from adding Indonesian stocks to its investable market indexes or allowing any upward migration across size segments.

Reuters

Nine Pan Borneo Highway Packages Expected To Complete This Year

Nine work packages under Phase 1A of the Sabah Pan Borneo Highway project are expected to be fully completed and opened to motorists this year, Deputy Works Minister Datuk Seri Ahmad Maslan said.

The packages are PK1 (Sindumin to Kampung Melalia), PK3 (Beaufort to Bongawan), PK4 (Bongawan to Papar), PK7 (Inanam to Sepanggar), PK8 (Sepanggar to Berungis), PK10 (Pituru to Rampayan Laut), PK11 (Kampung Maya to Baungon), PK29 (Moynod to Sapi Nangoh) and PK30 (Sapi Nangoh to Telupid).

“Previously, four out of the 15 work packages under Phase 1A were completed in stages between 2023 and 2025. Another nine packages are expected to be completed this year, and this is certainly good news for the people of Sabah,” he told reporters after visiting the Sabah Public Works Department office at Wisma Pan Borneo in Putatan today.

Phase 1 of the Sabah Pan Borneo Highway project comprises 35 work packages covering a total alignment of 706km from Sindumin to Tawau.

The project is divided into Phase 1A and Phase 1B to streamline implementation and financing.

Ahmad said another four work packages are expected to be completed next year, namely PK2 (Kampung Melalia to Beaufort), PK12 (Sarang to Temuno), PK19 (IGN Estate to Agri Harvest) and PK28 (Batu 32 Sandakan to Moynod).

“We also expect 12 work packages to be completed in 2028, another three in 2029 and the final three packages by 2030. I do hope that any package that can be expedited will be accelerated to resolve long-standing issues faced by the people,” he said.

He also noted that two work packages involving the Putatan and Manggatal routes would be opened to motorists from July, allowing traffic to bypass Kota Kinabalu.

“This will help reduce congestion, and road users who do not have business in Kota Kinabalu are encouraged to use the route to ensure smoother travel,” he added.

Spotify Turns 20 And It Is Basically Handing You Your Entire Music Life Story

Spotify is celebrating its 20th anniversary in a way that feels less like a corporate milestone and more like a personal throwback playlist you did not know you needed.

The platform has rolled out Spotify 20: Your Party of the Year(s), a mobile-only in-app experience that digs into your listening history and turns it into a nostalgic recap of your time on the app.

Think of it as Spotify quietly going through your entire music memory bank and handing you the highlights.

You will be shown moments like your first day on Spotify, your first streamed song, the total number of unique tracks you have listened to and your all-time most-streamed artist. Somewhere in there, it is almost guaranteed you will pause and think “oh wow, I forgot I was into that era.”

I started listening to Spotify in 2018, and this is my most streamed artist.

It also ends with something very on-brand for Spotify culture today: a personalised All-Time Top Songs Playlist featuring up to 120 of your most-played tracks, complete with play counts. Basically, your entire listening personality in one playlist.

For fans, the experience is designed to feel shareable and a little bit self-reflective. Each milestone comes with its own social card, so you can post things like your first song or your total listening count. (Yes, this is where you will want to insert your own stats.)

And if you are curious, the experience is available in 144 markets and 16 languages. Just search “Spotify 20” or “Party of the Year(s)” inside the app or head to spotify.com/20 on mobile.

Spotify is also marking the anniversary with curated playlists that trace the biggest music eras, movements and cultural shifts over the past two decades.

At its core, the campaign is less about Spotify itself and more about the listeners who built their identity through it, one playlist, one discovery and one replay at a time.

Job Market May See Impact If Global Trade Friction Escalates

The country’s unemployment rate held steady at 2.9% in March 2026, marking the fifth consecutive month at the lowest level since November 2014, as continued hiring in the services sector helped sustain labour market resilience despite rising external risks.

According to a research note by Kenanga Investment Bank, the number of unemployed persons rose marginally by 0.4% month-on-month to 509,000 in March from 506,800 in February.

The report noted that actively unemployed individuals — those available for work and actively seeking jobs — increased slightly to 405,800 from 404,700 previously, although their share of total unemployment eased to 79.7% from 79.9%.

Employment meanwhile continued to expand, rising 0.1% month-on-month in March, supported mainly by hiring in the services sector, particularly accommodation and food and beverage services, transportation and storage, as well as information and communications activities.

Kenanga said employment also improved in manufacturing, construction and agriculture. However, separate manufacturing data showed factory employment declined for a second straight month by 0.1% to 2.41 million workers, while payrolls contracted 0.2%.

Average manufacturing wages edged slightly lower to RM3,547 in March from RM3,550 in February.

By employment status, own-account workers recorded the strongest monthly growth at 0.3%, followed by employers at 0.2% and employees at 0.04%. Unpaid family workers, however, declined by 0.2%.

Malaysia’s labour force participation rate remained unchanged at 70.9% for the third consecutive month, while the labour force expanded modestly by 0.1% to 17.31 million people.

Kenanga noted that labour market conditions across parts of Asia showed signs of mild softening in March, with unemployment rates inching up in Japan and Taiwan amid seasonal job transitions.

Despite growing geopolitical and trade-related uncertainties, the research house maintained its 2026 unemployment rate forecast at 2.9%, slightly improved from 3.0% in 2025.

It said Malaysia’s labour market should remain supported in the near term by firm domestic demand, policy support measures and services-sector hiring linked to the Visit Malaysia 2026 campaign.

Kenanga added that continued demand in the electrical and electronics (E&E) sector, ongoing public sector recruitment and education reforms would also underpin labour demand.

Data from Perkeso’s MYFutureJobs showed active job vacancies climbed to 112,429 as of April 30 from 85,362 in March, while loss of employment cases rose to 6,297 from 5,855 previously.

However, the research house cautioned that risks to the labour market could intensify in the second half of 2026 if global growth slows further or trade frictions escalate again.

Kenanga maintained its 2026 GDP growth forecast at 4.5%, expecting growth to stay above 5.0% in the first half of the year before moderating later amid potential supply disruptions and softer external demand.

Camp Rock 3 Is Officially Coming Back This August

Disney Channel’s Camp Rock 3 is officially set for release this August, arriving on both Disney+ and Disney Channel. It marks the first new entry in the franchise in over a decade, bringing the series back into the spotlight for a new generation.

The story picks up with Connect 3—played by the Jonas Brothers—facing a problem they can’t ignore. Their opening act drops out ahead of a major reunion tour, forcing them back to Camp Rock to find new talent. That sets up the core of the film: a new round of campers competing for a career-changing opportunity, with everything that comes with it.

Original cast members are returning in key roles, including Joe, Nick and Kevin Jonas as the Gray brothers, plus Maria Canals-Barrera as Connie Torres. Demi Lovato is also back behind the scenes as executive producer, though an on-screen appearance hasn’t been confirmed.

Alongside the returning cast, the film introduces a new group of campers, including Sage, Desi, Fletch, Rosie, Cliff, Callie and Madison. The setup leans into competition at the camp, where friendships, rivalries and alliances all shift as the search for the next breakout act unfolds.

First announced in 2025, the project has been gradually rolled out with a teaser trailer and official poster, confirming the August release window. It’s part of Disney’s wider push to revisit older Disney Channel favourites, following the success of revivals like other legacy properties returning in recent years.

Analysts Seek Clarity On MISC’s Latest Petronas Charter Deal

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MISC Berhad has signed a 20-year charter agreement with PETRONAS LNG Ltd for five newbuild liquefied natural gas carriers (LNGCs), reinforcing Malaysia’s long-term position in the global LNG shipping market while supporting cleaner maritime operations.

The agreement follows the conclusion of shipbuilding contracts between MISC and China’s Hudong-Zhonghua Shipbuilding Group earlier this year. The five 174,000 cubic metre LNG vessels are expected to be constructed between 2026 and 2029, with charter operations slated to commence between 2029 and 2030.

According to analysts at MBSB Research, the new vessels will feature next-generation technologies aimed at improving fuel efficiency and reducing emissions. The LNGCs will utilise dual-fuel XDF2.1 propulsion systems designed to minimise methane leakage and optimise fuel consumption, alongside shaft generators and onboard reliquefaction systems to maximise cargo efficiency.

The research house said the long-term charter arrangement would strengthen PETRONAS’ LNG supply chain amid tightening environmental regulations and rising global LNG demand. The deal is also expected to provide MISC with a stable long-term revenue stream insulated from fluctuations in spot charter rates.

MBSB Research noted that older LNG carriers globally are increasingly facing retirement pressures due to stricter International Maritime Organization (IMO) carbon intensity regulations. The addition of newer eco-friendly vessels before 2030 is expected to help PETRONAS maintain competitiveness in the LNG market while aligning with Malaysia’s National Energy Transition Roadmap (NETR).

The brokerage estimates that each next-generation LNG carrier could cost between RM1.18 billion and RM1.23 billion, with MISC likely to finance the project using an 80:20 debt-to-equity structure. This could result in approximately RM4.5 billion in additional borrowings, with the remaining funding sourced from internal cash reserves.

Long-term charter rates for eco-LNG vessels are estimated at between USD85,000 and USD95,000 per day, potentially contributing around RM150 million in annual revenue per vessel to MISC’s topline. Based on an estimated operating margin of 25% for the gas assets segment, the research house projected the agreement could contribute an additional RM180 million to RM200 million in earnings annually from 2029 onwards.

Despite the positive long-term outlook, MBSB Research maintained its “Neutral” call on MISC with a target price of RM8.13, pending further clarity on the agreement and the group’s upcoming first-quarter FY2026 earnings announcement.

Japan’s Current Account Surplus Hits Record High For Third Straight Year

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Japan’s current account surplus in fiscal 2025 grew 15 percent from a year earlier to 34.52 trillion yen (around 219 billion U.S. dollars), hitting a record high for the third consecutive year, according to government data released Wednesday.

The surplus was supported by the goods trade, which moved out of the red, as well as growing returns on overseas investments amid yen weakness, the Finance Ministry said in a preliminary report.

Primary income, which reflects earnings from Japan’s overseas investments, rose 2.1 percent from a year earlier to 42.28 trillion yen.

Among other key components, the goods trade balance posted a surplus of 1.36 trillion yen, a sharp turnaround from a deficit of 3.03 trillion yen the year before. Breaking it down, exports grew 3.3 percent to 111.35 trillion yen while imports edged down 0.8 percent to 109.98 trillion yen.

For March alone, Japan’s current account surplus came in at 4.68 trillion yen, surging 29.1 percent year on year, the ministry said.

The current account balance is one of the widest gauges of international trade. (1 Japanese yen equals about 0.0063 U.S. dollars) 

WHO Says More Hantavirus Cases May Emerge In Coming Weeks

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World Health Organization (WHO) Director-General Tedros Adhanom Ghebreyesus on Tuesday said additional hantavirus cases could still emerge in the coming weeks following the evacuation of passengers from the outbreak-hit cruise ship MV Hondius, while stressing that the global public health risk remains low.

“Given the long incubation period of the virus, it is possible that we may see more cases in the coming weeks,” Tedros said at a joint press conference with Spanish Prime Minister Pedro Sanchez held at the Moncloa Palace in Madrid.

According to Tedros, 11 hantavirus-related cases have so far been reported, including three deaths. Nine of the 11 cases have been confirmed as Andes virus infections, while the remaining two are considered probable cases.

“Our assessment continues to be that the global public health risk remains low,” he said, adding that there is currently “no sign” of a larger outbreak.

Tedros said WHO recommends that all evacuated passengers undergo active health monitoring for 42 days from their last exposure date, either in designated quarantine facilities or at home, with the monitoring period lasting until June 21.

“Anyone who becomes symptomatic should be isolated and treated immediately,” he added.

Tedros also thanked the Spanish government for agreeing to receive the ship and lead the evacuation effort, praising Spain for fulfilling “its legal duties under international law” while also demonstrating “solidarity, compassion and kindness” throughout the operation.

The Spanish government agreed on May 5 to receive the MV Hondius after a hantavirus outbreak was reported aboard the vessel, following requests from the World Health Organization (WHO), the European Union and more than 20 governments seeking assistance in evacuating and repatriating those on board.

The vessel arrived off the Spanish island of Tenerife on May 10 and docked at the Port of Granadilla a day later. During the two-day operation, passengers and some crew members disembarked from the vessel and were transferred under strict protective and sanitary measures before being flown out of Spain.

Sanchez described the evacuation operation as a “success,” saying Spain had coordinated 10 special flights to evacuate more than 120 people of different nationalities who had disembarked from the vessel between May 10 and May 11. He added that the operation had been conducted under four guiding principles: “scientific rigor,” “absolute transparency of information,” “institutional coordination,” and “international cooperation.”

Spanish health authorities said all evacuated people from the MV Hondius had left Tenerife by May 11, while the vessel departed for Rotterdam with 28 crew members remaining on board.

The European Commission said it is coordinating closely with Spain, EU member states and other countries participating in the EU Civil Protection Mechanism, while also working with the European Centre for Disease Prevention and Control (ECDC), WHO and other partners to coordinate passenger disembarkation, return transfers and follow-up health monitoring.

The Weeknd After Hours Tour KL: What Fans Should Expect

Kuala Lumpur is officially set for one of its biggest live music nights of 2026, with full details confirmed for The Weeknd’s long-awaited Malaysia debut as part of his “After Hours Til Dawn” global stadium tour.

The concert will take place on 4 November 2026 at TM Stadium Nasional, previously known as Bukit Jalil National Stadium, marking the final leg of the tour and his first performance in Malaysia.

Multiple VIP tiers and premium fan experiences

For fans looking to upgrade their night, several VIP packages have been unveiled, each offering different levels of access and collectibles.

The Ultimate VIP Package includes a first-tier floor seated ticket, an exclusive stage-access photo opportunity with a professional photographer (no artist participation), a photo souvenir from The Weeknd Photo Booth, a limited-edition gift item, VIP laminate and lanyard, exclusive wristband and priority merchandise shopping where applicable.

The Gold VIP Package also comes with a first-tier floor seated ticket, along with a photo souvenir, limited-edition gift item, VIP credentials and merchandise access benefits.

Meanwhile, the Hot Seat Package offers a second-tier floor seated ticket with similar VIP-themed inclusions such as a photo souvenir, commemorative items and priority merchandise access.

Tickets to roll out in phases

Ticket access will be staggered across multiple sales windows.

The Artist Presale runs on 18 May from 10am to 11.59pm, followed by the Maybank Visa Credit Card presale from 19 May 10am to 20 May 10am.

Live Nation Malaysia members will then get access to a presale from 20 May 12pm to 11.59pm, before general sales open on 21 May at 11am.

All tickets will be available through GoLive Ticketing and the GoLive Asia app and website.

A stadium show set to draw massive demand

With The Weeknd closing out his global stadium tour with this final leg, the Kuala Lumpur show is expected to be one of the most anticipated live events of the year.

Given the scale of the production and the artist’s global catalogue of hits, demand is expected to be high across Malaysia and the region as fans prepare for a rare stadium-level performance from one of the world’s biggest pop and R&B stars.

Kylie Jenner’s New Summer Lip Launch Is All About Hydration

Kylie Cosmetics is kicking off summer with a new drop aimed at one of the season’s biggest beauty concerns: keeping lips hydrated in the heat. The brand, founded by Kylie Jenner, has launched its “2026 Summer Hydrating Lip Essentials” collection, featuring two new products built around lightweight wear and moisture-first formulas.

The launch includes the Coconut Water Lip Stain and the Cloud Balm, both designed to deliver colour and care without feeling heavy on the lips.

Speaking in a press release, Jenner said the focus was on creating “skincare-like” textures that still give a polished finish, with long-wear colour that doesn’t smudge and a balm that can also be used as an overnight treatment.

The Coconut Water Lip Stain is available in five shades: Blossom (coral rose), Cherry Burst (warm red), Sugar Cone (warm nude), Butterscotch (rose brown) and Pink Taffy (cool pink).

The formula is infused with coconut water and glycerin. It is positioned as a long-wear stain that won’t settle into lip lines, making it an easy everyday option for warmer weather.

Alongside it, the Cloud Balm takes a more treatment-focused approach. It’s a twist-up balm formulated with ingredients such as shea butter, pomegranate sterols and candelilla wax to help lock in moisture. It comes in Clear and Tinted versions, with the tinted option adding a soft berry tint. Both formats include a vanilla cake scent.

Pricing is US$24 for the lip stain and US$21 for the balm. Both products are available now via Kylie Cosmetics’ website.

Saifuddin Dismisses Citizenship Claims As Malicious 3R Propaganda

Home Minister Datuk Seri Saifuddin Nasution Ismail has dismissed allegations that he arbitrarily grants Malaysian citizenship to Chinese nationals, describing the claims as slanderous propaganda aimed at inciting public sentiment and confusion.

He stressed that citizenship approvals are governed strictly under the Federal Constitution, existing laws and comprehensive security screening procedures, and are not carried out arbitrarily or for political purposes.

In a Facebook statement today, Saifuddin said he had repeatedly addressed the matter in Parliament and during media engagements with complete data.

“However, this defamatory poster containing elements involving the 3Rs (religion, race and royalty) has resurfaced and gone viral again despite my denial of the same allegation in March last year,” he said.

He urged the public to verify information through authentic and reliable sources instead of being influenced by false narratives.

Saifuddin warned that spreading slander and fake news was irresponsible and could threaten national harmony and security.

He also called on irresponsible parties to stop circulating false claims and instead support the government’s efforts in tackling current challenges, including the global supply crisis affecting the rakyat and the country.

According to him, this is not the time to stir anxiety, manipulate sentiments or burden the public with baseless propaganda amid rising living costs and global economic uncertainty.

“All parties should act responsibly in sharing information and prioritise the country’s stability, unity and well-being,” he added.

Bitcoin Holds Above US$81,000 As Ethereum Firms On Institutional Optimism

Bitcoin steadied above the US$81,000 level on May 13 as investors balanced rising institutional demand against geopolitical tensions and uncertainty surrounding upcoming US crypto regulations.

The world’s largest cryptocurrency briefly dipped below US$80,000 earlier this week before rebounding, supported by continued inflows into spot Bitcoin exchange-traded funds (ETFs) and growing optimism over Washington’s proposed CLARITY Act, which could provide clearer rules for the digital asset industry.

Ethereum also traded firmer near US$2,330, with analysts expecting the second-largest cryptocurrency to benefit from renewed institutional interest in large-cap digital assets.

Market sentiment remained cautiously bullish despite softer momentum across the broader altcoin space.

Analysts said volatility is likely to remain elevated amid ongoing Middle East tensions and shifting expectations over global interest rates.

However, many believe the current consolidation phase could pave the way for a broader crypto rally if regulatory clarity improves and institutional buying momentum persists.