The Super Mario Galaxy Movie has crossed a major box office milestone, becoming the first film of 2026 to pass US$1 billion worldwide — and it did it in just ten weekends. The result puts the animated sequel firmly at the centre of this year’s cinema conversation, as video game adaptations continue to prove they can deliver consistent global earnings.
Produced by Universal Pictures in partnership with Nintendo and Illumination Entertainment, the film opened at No. 1 worldwide and held that position for three consecutive weekends. It has since earned US$428.5 million in North America and US$571.5 million internationally, making it the highest-grossing release of 2026 so far.
At a reported production budget of around US$110 million, the film’s performance puts it in strong profitability territory by modern blockbuster standards. It also builds on the success of 2023’s The Super Mario Bros. Movie, which finished its theatrical run at roughly US$1.4 billion globally.
The momentum extends beyond a single title. Across two films, the Mario franchise has now generated about US$2.3 billion worldwide, placing it ninth among animated franchises. That puts it behind long-running series such as Despicable Me, Shrek and Toy Story, but ahead of many multi-film animation brands.
The voice cast returns familiar names including Chris Pratt, Anya Taylor-Joy, Charlie Day and Jack Black, with additions such as Donald Glover, Glen Powell and Benny Safdie. The story continues the ensemble’s space-set mission, bringing back Mario, Luigi, Princess Peach and Bowser for another large-scale adventure.
So far, the film has also stayed ahead of other 2026 releases at the box office, including Lionsgate’s Michael. For Universal Pictures, it marks another strong result from its animation arm, with the Mario films now ranking among its most commercially successful titles.
Bursa Malaysia ended lower on June 8, pressured by renewed geopolitical tensions in West Asia and weakness in global technology stocks, although the diversified composition of the benchmark index helped cushion steeper losses.
At the closing bell, the FTSE Bursa Malaysia KLCI (FBM KLCI) closed 13.91 points lower at 1,679.52 compared to its closing of 1,693.43 on June 5.
Broader market indices also retreated, with the FBM 70 dropping 289.21 points to 18,010.39, making it the worst-performing key index of the day. The FBM Emas fell 131.98 points to 12,470.08, while the FBM Shariah declined 127.11 points to 12,443.04. The F4GBM slipped 9.74 points to 1,008.31.
Trading activity was dominated by lower-priced stocks, with Zetrix AI Bhd leading the most active list with 96.5 million shares traded, ending half a sen lower at 82 sen. TFP Solutions Bhd surged 2.5 sen to 5.5 sen on turnover of 57.5 million shares, while Top Glove Corporation Bhd gained three sen to 84.5 sen with nearly 50 million shares changing hands.
Hong Seng Consolidated Bhd was unchanged at one sen after 47.2 million shares traded, while VS Industry Bhd ended flat at 21 sen on a volume of 46.3 million shares.
Investor sentiment remained cautious throughout the session as global markets grappled with escalating geopolitical risks and continued selling in technology-related counters, prompting investors to reduce exposure to risk assets across regional markets.
Selling pressure intensified on Bursa Malaysia on June 8, with losers overwhelming gainers by 916 to 340 as investors continued to pare positions across selected blue-chip and mid-cap counters.
Market breadth remained firmly negative, with 455 counters unchanged, 964 untraded and 13 suspended, reflecting cautious investor sentiment across the broader market.
Nestlé (M) Bhd led the decliners list, falling RM2.28 to RM92 on volume of 461,000 shares, followed by Malaysian Pacific Industries Bhd, which slid RM1.30 to RM45.50. Petronas Dagangan Bhd lost 64 sen to RM18.60, while property stock Tanco Holdings Bhd plunged 47 sen to RM1.12 amid heavy trading of 30.5 million shares. Hong Leong Bank Bhd rounded out the top five losers, shedding 36 sen to RM20.96.
Despite the broader market weakness, several counters bucked the trend. Concrete Engineering Products Bhd emerged as the top gainer, surging 65 sen to RM3.99, followed by Ideal Capital Bhd, which rose 30 sen to RM4.10.
PJBumi Bhd gained 18 sen to RM3.43, while plantation stock Kuala Lumpur Kepong Bhd advanced 15 sen to RM2.70. Heineken Malaysia Bhd added 14 sen to RM20.14 to complete the top gainers list.
The closing foreign exchange rates, sourced from Bank Negara Malaysia and recorded at 5pm on June 8, 2026, provide a comprehensive overview of currency fluctuations for the day.
These rates, crucial for investors and businesses alike, reflect the relative strength or weakness of major global currencies against the Malaysian Ringgit. They serve as a vital indicator for assessing international trade competitiveness, investment opportunities and overall economic trends in the global market.
Malaysia attracted RM92.8 billion in approved investments in the first quarter of 2026 (1Q26), with the projects expected to create 50,226 new jobs, highlighting the country’s resilience in drawing capital despite ongoing global geopolitical and economic uncertainties.
According to the Malaysian Investment Development Authority (MIDA), the approved investments, spanning 1,249 projects across the services, manufacturing and primary sectors, were marginally lower than the RM93 billion recorded a year earlier.
However, the number of jobs expected to be generated rose 46.7% year-on-year, reflecting a stronger economic and labour market impact from incoming investments.
Foreign investments contributed RM56.2 billion, accounting for 60.5% of total approvals, while domestic investments increased 13% year-on-year to RM36.6 billion, underscoring growing confidence among Malaysian businesses.
Among foreign investors, Japan emerged as the largest source of approved investments at RM21.5 billion, a sharp increase from RM1.6 billion a year ago. China and the US followed with RM10.1 billion each, ahead of Singapore at RM6.7 billion and Thailand at RM2.5 billion.
MIDA Chairman Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the performance reflected Malaysia’s ability to attract more resilient and technology-driven investments.
“Malaysia’s 1Q26 investment performance sends a clear signal — our economic fundamentals are strong. Both global and domestic investors continue to place confidence in this nation,” he said, adding that Malaysia is emerging as a strategic hub for industries that will shape ASEAN’s next phase of growth.
By state, MIDA shared that Selangor led with RM33.5 billion in approved investments, followed by Johor and Kuala Lumpur at RM16.9 billion each, Penang at RM6.2 billion and Sarawak at RM4 billion. The top-performing states continued to benefit from strong inflows into digital infrastructure and data centre-related projects.
The services sector remained the largest contributor, accounting for RM60.8 billion or 65.5% of total approved investments. Information and communications activities led the way with RM38.9 billion, of which data centre and cloud computing projects contributed RM34.6 billion across 33 projects amid rising demand for AI and digital transformation infrastructure.
Manufacturing attracted RM24.1 billion in approved investments across 501 projects and is expected to create 30,468 jobs, representing more than 60% of total projected employment. Key industries included electrical and electronics, chemicals, machinery and equipment, food manufacturing and transport equipment.
The primary sector recorded RM7.9 billion in approved investments, up sharply from a year ago, driven by oil and gas exploration and development activities, particularly in Sarawak.
Meanwhile, MIDA Chief Executive Officer Sikh Shamsul Ibrahim Sikh Abdul Majid said Malaysia’s investment performance reflects the country’s ability to convert approvals into actual projects.
“Despite continued global headwinds, Malaysia remains firmly on investors’ radar, supported by clear policies, strong economic fundamentals, and our ability to move projects from approval to operationalisation,” he said, noting that more than 85% of manufacturing projects approved since 2021 have reached various stages of implementation.
Looking ahead, MIDA is facilitating a pipeline of 182 potential projects worth RM38.3 billion and is in active discussions on an additional RM91 billion in prospective investments, signalling sustained investor interest in high-growth sectors such as semiconductors, artificial intelligence infrastructure, renewable energy and advanced manufacturing.
The government plans to abolish the Special One Stop Centre (OSC Khas) at Kuala Lumpur City Hall (DBKL) as part of efforts to strengthen governance and integrity in the capital’s urban planning system.
Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh said the move follows recommendations by Project Capital, a special task force under the Policy Advisory Committee to the Prime Minister (PMAC).
According to the report, OSC Khas could potentially become a channel for interference in development-related decision-making.
“The government cannot defend any structure that creates room for intervention or the perception that decisions can be influenced by factors other than legitimate laws and planning policies,” she said.
Hannah said DBKL has also tightened its internal procedures to ensure all applications are assessed based on the Kuala Lumpur Local Plan 2040.
She said applications that meet all requirements can be approved in as little as 21 days, while proposals requiring further scrutiny will undergo consultations with relevant authorities and stakeholders.
“Urban planning decisions must be based on facts, policies and laws, not influenced by any party,” she added.
Russia is targeting the removal of visa requirements for Malaysian travellers by 2026, according to Russian news agency TASS.
Nikita Kondratyev, Director of the Department of Multilateral Economic Cooperation and Special Projects at Russia’s Ministry of Economic Development, said Malaysia, Indonesia and Kuwait are among Moscow’s top priorities for visa liberalisation talks this year.
“Malaysia and Indonesia are key priorities for this year. We are also expecting Kuwait. These are probably the three countries with which we want to complete the negotiation process this year,” he said.
Kondratyev said Russia hopes its Foreign Ministry will step up efforts to finalise and coordinate the necessary agreements to pave the way for visa-free travel.
England manager Thomas Tuchel has warned that Jude Bellingham must earn his place in the starting line-up at the 2026 FIFA World Cup, despite being regarded as one of the team’s key players.
Speaking ahead of England’s tournament opener, Tuchel said Bellingham was among a group of 14 to 15 players capable of starting matches, underlining the depth available within the squad.
“Yes, he has,” Tuchel told reporters when asked whether the Real Madrid midfielder faced a battle for a starting role. He added that while Bellingham is considered one of the starters, competition for places remains intense.
The 22-year-old featured in only four of England’s qualifying matches, while Morgan Rogers appeared in all eight, creating a selection dilemma in the attacking midfield position.
England began their World Cup preparations with a 1-0 victory over New Zealand in Tampa, with Harry Kane scoring the winner. Bellingham captained the side for the first time during the second half as Tuchel rotated his squad in challenging conditions.
The German coach said he had been encouraged by Bellingham’s condition following injury concerns.
“He looks good in training. I think he is at the moment in a sweet spot because he has had his break and has the hunger to be back on the pitch,” Tuchel said.
England will face Costa Rica in a friendly on Wednesday before opening their World Cup campaign against Croatia on June 17 in Dallas. Reuters reported that Declan Rice will serve as England’s vice-captain during the tournament.
Soneva is making a major change to the way it defines luxury travel. The Maldivian resort group behind Soneva Fushi, Soneva Jani and Soneva Secret has unveiled a new brand philosophy called “Bare Luxury”, signalling a shift away from the idea that luxury is about having more.
The move builds on Soneva’s original “Barefoot Luxury” concept, introduced when the brand opened its first resort in 1995. Back then, encouraging guests to kick off their shoes and reconnect with nature felt unconventional.
Three decades later, the company believes travellers are looking for something even simpler: experiences that feel meaningful, intentional and free from unnecessary distractions.
According to Soneva, Bare Luxury is about focusing on what genuinely enhances a stay and removing what does not. Rather than chasing excess, the concept centres on nature, wellbeing, space, and opportunities for real connection — ideas that are increasingly shaping the future of luxury travel.
The announcement comes as many high-end travellers are prioritising experiences over possessions. Wellness, sustainability and authenticity have become key drivers in travel decisions, with guests seeking destinations that offer a sense of purpose alongside comfort.
Neil Gallagher, Soneva’s Chief Executive Officer, says the philosophy reflects the realities of modern life. In a world shaped by constant notifications, endless content and growing pressure to stay productive, he argues that travellers are growing more drawn to experiences that feel calmer, more human and less complicated.
The change will be reflected across the brand, from a refreshed visual identity to the way its resorts are designed and operated. Soneva has introduced a new Soluna monogram, inspired by the Latin words for sun and moon.
Additionally, its resorts will continue to emphasise wellbeing-focused villa design, garden-led dining and experiences that encourage guests to slow down and engage with their surroundings.
At the centre of the new direction is the phrase “Just What Matters”. More than a marketing slogan, Soneva says it serves as a guiding principle for every decision it makes — ensuring each element of the guest experience has a clear purpose. As luxury travel continues to evolve, the brand is betting that less noise, rather than more indulgence, is what travellers increasingly want.
Mamak restaurants have long served as the perfect social hub, bringing together people from all walks of life to connect, unwind and enjoy shared experiences, particularly during major sporting events.
As excitement builds around the global football season, brands are increasingly looking for authentic ways to connect with audiences in environments where they naturally spend time with friends and family.
Recognising the cultural significance of football viewing at mamak restaurants during the World Cup season, Warner Bros. Malaysia has taken the opportunity to launch a fun and creative locally inspired campaign for Supergirl, which arrives in cinemas on 25 June.
The campaign (Piala Dunia Lekat Bersama) is being rolled out through Lekat Media’s growing network of in-premise digital display screens and table stickers at selected mamak restaurants across the Klang Valley, bringing the excitement of Supergirl directly to one of Malaysia’s most iconic community gathering spaces.
Lekat Media Founder, Julian Peter Anthony, said mamak restaurants occupy a unique place in Malaysian culture, particularly during major sporting events where customers often spend extended periods socialising and enjoying live matches.
“When customers gather to watch football and other sporting events, it creates a natural environment for brands to become part of the conversation in a way that feels relevant and engaging.
“As a local company, we see mamak restaurants as an important touchpoint that reflects Malaysia’s diverse communities and shared experiences,” he said.
Julian was accompanied by co-founders, Aiman Viran and Ashley Tan, during a recent interview here.
South Korea’s stock benchmark plunged over 8 per cent on Monday, tripping circuit breakers, after robust U.S. jobs data lifted bets on a Federal Reserve rate hike and unleashed a selloff in the tech‑heavy market that had powered the broader AI rally.
The KOSPI fell 8.3 per cent to close at 7,484.41, marking its biggest daily fall since March 4. The index is now 15 per cent below the peak of 8,801.49 hit on June 2.
Chip heavyweight Samsung Electronics tumbled 10.2 per cent, and peer SK Hynix dropped 7.7 per cent even as Nvidia’s CEO, Jensen Huang, said SK Hynix remained its “biggest partner” while unveiling new deals during his trip to South Korea.
The two South Korean chipmakers have been the driving force behind the index’s world-beating surge, buoyed by record profits. Their market capitalisations this year alone have jumped more than 150 per cent and 200 per cent, respectively, now accounting for over half of the benchmark and propelling them into the $1 trillion club.Circuit breakers were activated on the benchmark index soon after the market opened, halting trading for 20 minutes for the first time in three months, followed by another “sidecar” curb. It was the third time circuit breakers were triggered this year, and the ninth in history.
The won rallied more than 1 per cent to 1,533.7 per dollar, rebounding from Friday’s 1,615.0 – its weakest since March 2009 – after authorities convened an emergency meeting and vowed firm action against speculative trading.
Foreign exchange officials on Monday renewed their warning, with traders suspecting authorities to be conducting dollar-selling intervention to cap the won’s losses. “However, we will have to see if the 1,550 level will be defended,” one trader said.
The selloff in stocks followed a torrid session on Wall Street on Friday. The Nasdaq fell 4.2 per cent after strong payrolls data killed any hopes of further interest rate cuts, while the Philadelphia Semiconductor Index slumped 10 per cent and iShares MSCI South Korea ETF plunged 14 per cent.
“A surprise in U.S. employment data triggered bond yield rises and provided an excuse for correction in an overheated market amid accumulated pressure from the surge in semiconductor stocks,” said Han Ji-young, an analyst at Kiwoom Securities.
“Increased volatility is inevitable, but it is unlikely that the rout will go on for several days, given that the KOSPI’s valuation pressure has been lowered by recent correction and earnings momentum remains robust for semiconductor stocks,” Han said.
South Korea’s benchmark 10-year treasury bond yield rose as much as 12.3 basis points to 4.366 per cent, the highest since October 2023.
In a press conference marking his first year in office on Monday, President Lee Jae Myung, who has rolled out a range of policies to boost the domestic stock market since taking office in June 2025, said the market was “still undervalued.”
Lee described the current exchange rate as temporary and abnormal, pointing to foreign investors selling local stocks for portfolio rebalancing as the primary factor weighing on the won in the near term.
E-commerce firm Naver was a rare outlier among index heavyweights, rising 9.2 per cent on a deal with Nvidia, while Hyundai Motor dropped 8.7 per cent despite an agreement with the U.S. AI chipmaker to expand their partnership.
Foreigners were net sellers of local shares worth 355 billion won ($231.40 million), extending their selloff to 21 consecutive sessions.
Despite Monday’s losses, the KOSPI is up 78 per cent year-to-date. In 2025, it rose 76 per cent for its biggest gain since 1999 and the top performance among major global markets last year.
Several areas across five states are expected to experience thunderstorms, heavy rain and strong winds until 7pm on June 8, according to the Malaysian Meteorological Department (MetMalaysia).
The affected areas in Perak are Hulu Perak, Kuala Kangsar, Kinta, Kampar, Hilir Perak and Batang Padang, while Cameron Highlands in Pahang is also under the weather alert.
In Johor, the warning covers Kluang, Mersing, Pontian, Kulai, Kota Tinggi and Johor Bahru.
In Sarawak, the affected areas are Lundu in Kuching, Sarikei, Kanowit and Selangau in Sibu, Tanjung Manis and Daro in Mukah, Tatau in Bintulu, Beluru, Miri and Marudi in Miri, as well as Limbang.
For Sabah, the warning is in effect for Keningau and Tambunan in the Interior Division, the West Coast, and Kota Marudu and Kudat in the Kudat Division.
MetMalaysia said thunderstorm warnings are issued when there are signs of thunderstorms producing rainfall exceeding 20mm per hour that are imminent or expected to persist for more than an hour.
The warning is a short-term alert and remains valid for no more than six hours from the time it is issued.
IGB Berhad has announced the redesignation of veteran corporate figure Dato’ Dr Zaha Rina Zahari as a Senior Independent Non-Executive Director, effective June 8, 2026.
Dato’ Dr Zaha Rina was redesignated from her previous position as Independent Director while retaining her status as an Independent Non-Executive Director member of the board.
She is currently serves as Chairman of Manulife Insurance Berhad and is also a director of the P&O Group. Her previous board roles include serving on the boards of Zurich Malaysia and MAA Berhad.
Widely recognised as a pioneer in Malaysia’s capital markets, she played a key role in establishing the Malaysian Derivatives Exchange in 2001. She later became Head of Exchanges, overseeing the operations of the former Kuala Lumpur Stock Exchange (KLSE), MESDAQ, the Malaysian Derivatives Exchange (MDEX) and the Labuan Financial Exchange (LFX) prior to the demutualisation of Bursa Malaysia Berhad.
Her extensive financial services experience also includes serving as Chief Executive Officer of RHB Securities between 2004 and 2006, as well as advising on the establishment of the Bahrain Financial Exchange.
Currently, she acts as an Executive Director to Sage 3 Sdn Bhd, a boutique corporate finance consultancy firm.
Beyond IGB, Dato’ Dr Zaha Rina also serves as an Independent Non-Executive Director at Hibiscus Petroleum Berhad, Hong Leong Industries Berhad and IGB itself, reflecting her broad expertise in governance and strategic oversight across multiple sectors.
Earlier in her career, she held the position of Chief Financial Officer within her family-owned business interests, which spanned telecommunications, travel and manufacturing industries.
Dato’ Dr Zaha Rina holds a Doctorate in Business Administration from the University of Hull, where her research focused on capital markets and derivatives.
Apart from her corporate achievements, she is also actively involved in initiatives aimed at empowering women and supporting community development. She has organised numerous fundraising programmes for non-governmental organisations and serves as a consultant to the Olave Baden-Powell Society, which raises funds for the World Association of Girl Guides and Girl Scouts.
The redesignation comes as IGB continues to strengthen its governance framework and board leadership as it pursues growth across its property, retail and hospitality businesses.
RHB Investment Bank Bhd has maintained its bearish stance on West Texas Intermediate (WTI) crude oil, advising traders to retain their short positions as technical indicators continue to point towards further downside.
The research house said WTI crude underwent a fresh correction on Friday, falling US$2.50 to close at US$90.54 after trading between a high of US$93.63 and a low of US$89.68 during the session.
RHB Research noted that the Relative Strength Index (RSI) remains below the 50% threshold and is trending lower, signalling that bearish momentum is still in play.
According to the research house, a strong resistance level has formed at US$100 and as long as prices remain below the 50-day simple moving average, WTI is likely to continue correcting towards the US$85 support level.
It added that a break above US$107 would invalidate the current bearish outlook, but the reacceleration of negative momentum supports maintaining a short trading bias for now.
RHB Research recommended that traders continue holding the short position initiated at US$88.68 on May 27, while maintaining a stop-loss at US$107 to manage trading risks.
The research house identified immediate support at US$85, followed by a stronger support level at US$80. On the upside, resistance is expected at US$100 before the next key hurdle at US$107.
The cautious outlook comes as oil markets remain caught between geopolitical concerns in the Middle East and expectations of softer demand amid evolving global economic conditions.
Asian stock markets tumbled on Monday as investors rushed to lock in gains from high-flying artificial intelligence (AI) stocks, amid growing concerns that valuations have run ahead of fundamentals and expectations of tighter US monetary policy.
The sell-off was led by South Korea’s KOSPI, which plunged 5% and extended losses to 13% from last week’s record high, while Japan’s Nikkei dropped nearly 4% and Taiwan’s benchmark index fell 3.9%. Nasdaq futures attempted a modest recovery after the Nasdaq slid 4.2% on Friday.
Reuters reported that sentiment turned sharply after semiconductor giant Broadcom issued a disappointing outlook last week, while a stronger-than-expected US jobs report prompted traders to price in the possibility of a Federal Reserve rate hike this year.
Market participants said heavily-owned technology counters, particularly AI-linked names, became a natural source of liquidity as investors reassessed risk following the shift in interest rate expectations.
The sell-off also coincided with rising geopolitical tensions in the Middle East. Brent crude surged 3.5% to US$96.45 a barrel after Israel said it had struck military targets in western and central Iran, adding to inflation concerns and clouding the outlook for global growth.
Analysts noted that while the long-term AI investment theme remains intact, the market may be entering a period where earnings delivery becomes more important than valuation expansion.
Attention this week will also turn to US inflation data and major central bank meetings, while investors closely monitor the highly anticipated listing of SpaceX, which is expected to be followed by potential public offerings from AI firms including Anthropic and OpenAI.
Some fund managers warned that the wave of large IPOs could divert capital away from existing market assets, adding further pressure to equities.
Artificial intelligence company Anthropic suggested Thursday a global pause on building the most powerful AI systems as the latest models are beginning to show signs they could escape human control.
The San Francisco-based company, which makes the Claude family of AI models, said in a report that a worldwide slowdown in cutting-edge AI development would “likely be a good thing” – but warned that if only one company stopped, rivals would simply race ahead.
“We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology,” it said.
Getting a real pause to work would mean multiple major AI companies in multiple countries – most notably the US and China – all agreeing to stop at the same time, under rules everyone could actually verify, Anthropic said.
“Without a global coordination mechanism, companies and governments will have to make difficult decisions about safety while under competitive and geopolitical pressures,” it said.
The company has faced pushback from others in the industry – and officials in the White House – who say its focus on worst-case scenarios overstates the risks and amounts to a strategy for slowing rivals under the cover of safety concerns.
Still, the White House has acknowledged the power of the company’s Mythos model – which has not been made available to the general public due to its cybersecurity capabilities and is currently deployed only to a small number of vetted organizations.
The proposal would face an uphill battle in Washington and Silicon Valley, where US officials and tech executives have repeatedly argued that any slowdown in AI development risks handing China a decisive strategic edge in what many see as the defining technology race of the century.
US president Donald Trump, however, said he discussed the possibility of cooperating with China on AI safety issues during his recent visit to Beijing.
Trump also signed an executive order this week that allows the government 30 days to conduct a preliminary review of the most powerful US AI models before their release.
Anthropic compared the problem to nuclear arms control treaties – but said it would be even harder to get a handle on, since AI training is far easier to hide than a missile silo, and the temptation to quietly keep going would be enormous.
The company said it plans to bring together government officials, scientists, advocacy groups and competing AI firms in coming months to figure out how such a system could work.
The call for coordination comes alongside internal data showing that AI is already dramatically speeding up the development of AI itself, Anthropic said.
That acceleration creates a feedback loop that Anthropic warned could eventually lead to what researchers call “recursive self-improvement.”
That’s the idea of an AI system that becomes capable of essentially teaching itself to get smarter, without much human help.
“We are not there yet, and recursive self-improvement is not inevitable,” the report said, while adding that it could arrive sooner than most governments and institutions are ready for.
“The evidence suggests that the human role is narrowing at each step in the AI development process,” the company said.
Jakarta’s skyline is no stranger to ambitious developments, but the recent opening within the Thamrin Nine complex feels like a genuinely significant addition.
Housed within the impressive 304-metre Luminary Tower, the arrival of both the Pan Pacific Jakarta and the PARKROYAL Serviced Suites provides a compelling dual-hospitality concept.
By offering both traditional high-end hotel stays and long-term serviced apartments under one roof, the property effectively caters to the diverse needs of visitors navigating Indonesia’s bustling commercial centre.
For anyone familiar with Jakarta, location and transport are paramount. Here, the Thamrin Nine complex holds a distinct advantage at Jalan M.H. Thamrin No 10.
The property’s integration with the city’s public transport network is a major asset for avoiding gridlock. Guests are a highly convenient five-minute walk from the Dukuh Atas BNI MRT Station, the Sudirman Commuter Line, and the BNI City Airport Train Station.
The airport train itself provides a reliable route to Soekarno-Hatta International Airport, bypassing the unpredictable 45-minute drive.
For leisure, it is equally well-positioned, with the premier retail hubs of Grand Indonesia and Plaza Indonesia just a short stroll away.
Occupying levels 71 through 90, the Pan Pacific Jakarta confidently claims the title of the city’s tallest luxury hotel.
The interior, conceptualised by Hirsh Bedner & Associates, wisely avoids overly opulent cliches in favour of a “less is more” aesthetic. The 158 rooms and suites feature soft palettes and clean lines that provide a welcome visual respite from the city below.
Thoughtful touches like the Happy Sleepers Programme, which includes a personalised pillow menu and a soothing mist, demonstrate an attention to detail that elevates the guest experience.
Dining is another strong point; the Keyaki Japanese Restaurant on the 90th floor offers authentic flavours amidst striking pop-green stone interiors, while the Eden Bar provides a genuinely breathtaking botanical rooftop terrace paired with a well-conceived, sustainability-focused mixology programme.
On levels 73 to 82, the PARKROYAL Serviced Suites offer a distinct, practical alternative for extended stays without sacrificing comfort.
The 180 units range from compact 30-square-metre Studio Suites to generous 90-square-metre Two Bedroom Deluxe Suites.
These spaces are intelligently designed, featuring movable privacy partitions and open bathrooms.
The inclusion of fully equipped kitchenettes, complete with induction stoves, microwaves, and, in some suites, dishwashers, makes independent living effortless.
A standout feature of the PARKROYAL is its Residents Lounge. Offering dedicated workspaces, a billiard table, and an evening social hour with complimentary snacks, it successfully cultivates a warm, communal atmosphere that can often be missing in high-rise living.
Both venues share an excellent selection of wellness facilities situated on the 71st floor. The semi-outdoor swimming pool is a highlight, offering a serene environment for a refreshing dip high above the capital.
This is complemented by a 24-hour state-of-the-art gymnasium and a steam room that round out the wellness offerings.
For corporate needs and large-scale celebrations, the 11th floor is dedicated to event spaces, anchored by the impressive Pacific Ballroom.
With its five-metre ceilings and 715 square metres of space, it can host up to 650 guests and features direct access to the Agora Mall alongside advanced AV technology.
Ultimately, the dual addition of Pan Pacific Jakarta and PARKROYAL Serviced Suites brings a sophisticated and highly functional hub to the Luminary Tower.
By marrying Kohn Pedersen Fox Associates’ striking architectural design with tailored hospitality, this development strikes an excellent balance.
It provides an upscale, tranquil escape for short-term visitors while offering a thoughtfully equipped, community-focused home for long-term residents, cementing its status as a premier destination in Jakarta’s central business district.
Industrial lifting and handling equipment specialist Liftech Group Bhd is targeting to raise RM23 million through its IPO on the ACE Market of Bursa Malaysia, as it looks to strengthen its financial position and fund operational expansion.
Under the IPO exercise, Liftech will issue 79.2 million new shares and offer 15.8 million existing shares for sale. Of the 79.2 million new shares, 15.8 million shares will be made available to the Malaysian public via balloting; 7.2 million shares to eligible individuals under the pink form allocations; 39.4 million shares to Bumiputera investors approved by the Investment, Trade and Industry Ministry and 16.8 million shares to selected investors via private placement.
All 15.8 million shares under the offer for sale will be placed to selected investors.
According to Managing Director Bernard Ng, the IPO proceeds will be channelled towards debt repayment, capacity expansion and working capital needs, with the listing also set to support the company’s longer-term growth strategy across Malaysia.
“Some RM13.8 million, or 59.8% of the proceeds, will be used to repay bank borrowings incurred for the acquisition of strategic facilities in Bukit Minyak, Penang, and Kota Kinabalu in Sabah. The facilities have expanded Liftech’s footprint in Northern Peninsular Malaysia and East Malaysia, enhancing its ability to serve customers in key growth regions,” Ng shared, while emphasising that the repayment will strengthen the company’s balance sheet and improve financial flexibility post-listing.
“The Bukit Minyak and Kota Kinabalu facilities have strengthened our market presence and enhanced our ability to serve customers across key growth regions. The repayment of these borrowings will improve our financial position and support our long-term expansion plans as a listed company,” he said.
He further revealed that another RM1.7 million (7.5%) will be allocated for the purchase of new machinery and equipment at its Taiping factory to boost automation and production capacity.
“The upgrade is expected to improve manufacturing efficiency and support Liftech’s customisation and fabrication activities.
“A further RM1 million (4.4%) will be used to renovate and upgrade factory and office facilities in Taiping, while RM2 million (8.7%) has been earmarked for working capital, primarily for the purchase of steel materials, components and accessories used in production,” he shared, adding that the remaining RM4.5 million (19.6%) will go towards listing expenses.
Liftech, which specialises in industrial lifting and handling equipment, reported an unbilled order book of RM41.6 million as at May 10, 2026, expected to be recognised over the next six to nine months.
For FY25, the company recorded a net profit of RM6.9 million on revenue of RM57.9 million, with a gross profit margin of 41.2% and net profit margin of 11.9%.
Upon listing, Liftech is expected to achieve a market capitalisation of RM91.3 million with an IPO price of 29 sen per share. Liftech is scheduled to be listed on the ACE Market on June 30, 2026.
M&A Securities Sdn Bhd is the advisor, sponsor, underwriter and placement agent for the IPO, while Wyncorp Advisory Sdn Bhd is the corporate finance advisor.
Kia Malaysia has announced that it will be forming a strategic partnership with Stellantis Malaysia as Kia’s contract assembler for CKD operations at its manufacturing facility in Gurun, Kedah
Kia Malaysia and Kia Sales Malaysia President & Chief Executive Officer, Hyung Ho Kim said, “This collaboration marks a key milestone in Kia’s strategy to Return, Rebuild, and Reposition Kia in Malaysia. By partnering with Stellantis Malaysia and leveraging Malaysia’s automotive supply chain ecosystem, Kia is poised to strengthen our local footprint while reinforcing manufacturing quality and readiness to deliver future model expansion, in line with our Malaysian and regional growth ambitions.”
Under the collaboration, Stellantis Malaysia will serve as Kia’s contract assembler for CKD operations at its manufacturing facility in Gurun, Kedah. The facility features established production infrastructure and manufacturing capabilities that comply with the latest ISO 9001 Quality Management System (QMS) standards.
Designed to support multi-model assembly across diverse powertrains, the facility is equipped to accommodate the production of all current Kia models, namely the Sportage and Carnival, as well as future models.
Production is scheduled to commence in the third quarter (Q3) of 2026.
Our favorite English teacher and our favorite gym teacher are saying “I do” very soon. While initial reports stated that the wedding would take place on Saturday, June 13 (a nod to the superstar’s lucky number, 13), it’s very like Swift to keep us on our toes and surprise us at the last minute. More recently, a source has told Page Six that the save-the-dates for the big day have gone out, and the ceremony is set for July 3.
Miss Americana loves a good theme, given that the wedding is close to the Fourth of July weekend. The date would allow the couple enough time for a honeymoon—as Kelce’s NFL schedule requires him to start training camp in late July.
According to Page Six, the couple plan to tie the knot at Madison Square Garden (MSG), a location that has previously played host to numerous stops on Swift’s blockbuster concert tours, turning the iconic music and sports stadium into the backdrop for the celebrity wedding of the decade.
Plans for the high-profile nuptials are being kept strictly under wraps to ensure maximum security.
An insider revealed to the New York Post’s Page Six that “everyone’s been sworn to secrecy. Privacy was of number one importance to both of them.”
Reports suggest that Taylor’s closest friends will be in attendance, such as Selena Gomez, Gigi Hadid, Emma Stone, the Haim sisters, and Zoë Kravitz. Kelce will surely invite Chiefs teammate and close friend Patrick Mahomes, as well as actor Miles Teller. The singer has been spotted out on girls’ nights with both Gomez and Hadid since her engagement to Kelce in August, and the starry crew is gearing up for Swift’s bachelorette party. Kelce’s mom, Donna, is also reportedly helping Swift with planning. Others set to attend include Ed Sheeran and his wife, Cherry Seaborn, Suki Waterhouse and Robert Pattinson, Cara Delevingne, and Kansas City Chiefs coach Andy Reid.
The singer’s dad, Scott, will walk her down the aisle at her wedding.
The rest of the wedding will also be traditional, with “all the classic touches, like the father-daughter and mother-son dances,” an insider told Us Weekly. “Taylor loves those emotional, meaningful moments, and Travis [is] on the same page.”
The pop mogul has a busy time ahead of the wedding. Swift is set to release an original song titled “I Knew It, I Knew You” for the upcoming Pixar-Disney film Toy Story 5, followed closely by her official induction into the prestigious Songwriters Hall of Fame.
