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Chinese Mainland Firms Eye Significant Expansion into ASEAN Markets, Survey Reveals

Chinese Mainland Firms Eye Significant Expansion into ASEAN Markets, Survey Reveals

Chinese Mainland Firms Eye Significant Expansion into ASEAN Markets, Survey Reveals
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Affin Group and Baiduri Bank Expand Cross-Border Banking Collaboration Between Malaysia and Brunei

Affin Group and Baiduri Bank Expand Cross-Border Banking Collaboration Between Malaysia and Brunei

Affin Group and Baiduri Bank Expand Cross-Border Banking Collaboration Between Malaysia and Brunei
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Indonesian Authorities Seize 2.6 Tons of Liquid Methamphetamine, Detain 10 Myanmar Nationals

Indonesian Authorities Seize 2.6 Tons of Liquid Methamphetamine, Detain 10 Myanmar Nationals

Indonesian authorities have successfully intercepted a vessel off Sumatra, seizing approximately 2.6 tons of liquid methamphetamine and detaining 10 Myanmar nationals. The operation was a collaborative effort by Indonesia’s National Narcotics Agency, customs officials, and Riau Islands police. Intelligence indicated that the vessel, identified as the Tanzania-flagged MV Ocean Porter (believed to have previously operated as MV Rain Maker), was transporting narcotics from Malaysia’s Sarawak state into Indonesian waters. The liquid methamphetamine was discovered hidden inside eight drums and the vessel’s water tanks. This seizure marks one of Indonesia's largest drug busts this year and follows another significant narcotics interception less than two weeks prior, where 1.3 tons of ketamine were confiscated off Bintan island. The United Nations Office on Drugs and Crime identifies Indonesia as a major hub for drug trafficking, with international syndicates targeting its large young population.
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Taiwan's MOFA Condemns Malaysian Prime Minister's Pro-China Remarks and Ugandan Entry Restrictions

Taiwan's MOFA Condemns Malaysian Prime Minister's Pro-China Remarks and Ugandan Entry Restrictions

Taiwan's Ministry of Foreign Affairs (MOFA) has publicly condemned Malaysian Prime Minister Anwar Ibrahim's recent pro-China statements, which endorsed a 'one China' policy and suggested Taiwan is a separatist province of China. MOFA stated that these remarks seriously threaten regional peace and stability and could undermine Taiwanese businesses' confidence in investing in Malaysia, given the close economic ties between the two. Separately, MOFA thanked the Inter-Parliamentary Alliance on China (IPAC) and other like-minded countries for expressing concern over Uganda's immigration authorities denying entry to Taiwanese travelers unless they presented People's Republic of China (PRC) passports. MOFA characterized this as 'coerced discrimination' and urged Uganda not to impose inappropriate entry restrictions based on political factors, emphasizing Taiwan's independent sovereignty.
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Former 1MDB CEO Shahrol Azral Ibrahim Halmi Denies Deal in US$5.64 Billion Civil Suit

Former 1MDB CEO Shahrol Azral Ibrahim Halmi Denies Deal in US$5.64 Billion Civil Suit

Datuk Shahrol Azral Ibrahim Halmi, the former Chief Executive Officer of 1Malaysia Development Berhad (1MDB), testified in the High Court that he was unaware of why he was removed from the company's US$5.64 billion civil suit. Shahrol, 56, stated he did not make any agreement with the government to be dropped from the lawsuit and received no explanation for the decision. Testifying as the fourth plaintiff witness, he also refuted suggestions from Nur Syafinaz Vani Abdullah, a lawyer for a co-defendant, that he was attempting to deflect blame onto others while exonerating himself in the multibillion-ringgit sovereign wealth fund scandal. The writ of summons accuses the defendants of various offenses, including breach of trust, breach of statutory duty, abuse of power, and conspiracy to misappropriate 1MDB funds. The trial is set to continue with further cross-examination by other defense lawyers.
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Marvell gives Google option to buy $12.2 billion stake in custom chip deal

Marvell gives Google option to buy $12.2 billion stake in custom chip deal

Aug 19 (Reuters) - Marvell Technology will help develop Google's in-demand custom chips and has given the tech giant the option to become one of its biggest investors through a stake purchase of as much as $12.2 billion, in its latest move to tap the AI boom.
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General Mills Sells Brazilian Operations, Discontinuing Häagen-Dazs in Brazil

General Mills Sells Brazilian Operations, Discontinuing Häagen-Dazs in Brazil

General Mills Sells Brazilian Operations, Discontinuing Häagen-Dazs in Brazil
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AI-Driven Data Center Expansion Exposes Insurers to Escalating Fire, Climate, and Cyber Risks

AI-Driven Data Center Expansion Exposes Insurers to Escalating Fire, Climate, and Cyber Risks

AI-Driven Data Center Expansion Exposes Insurers to Escalating Fire, Climate, and Cyber Risks
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Prudential Financial Seeks Head of Claims with Extensive Experience in Malaysia

Prudential Financial Seeks Head of Claims with Extensive Experience in Malaysia

Prudential Financial Seeks Head of Claims with Extensive Experience in Malaysia
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AMD Secures $4.75 Billion Debt Offering to Boost AI and Data Center Expansion

AMD Secures $4.75 Billion Debt Offering to Boost AI and Data Center Expansion

AMD Secures $4.75 Billion Debt Offering to Boost AI and Data Center Expansion
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China's Pony.ai plans to deploy more than 4,000 robotaxis abroad

China's Pony.ai plans to deploy more than 4,000 robotaxis abroad

BEIJING, Aug 18 (Reuters) - Chinese autonomous driving company Pony.ai has a pipeline of planned and potential overseas robotaxi deployments of more than 4,000 vehicles, it said on Tuesday, as it seeks to accelerate its expansion beyond China.
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Malaysian Palm Oil Board's Precision Agronomy Boosts Environmental Conservation and Economic Efficiency

Malaysian Palm Oil Board's Precision Agronomy Boosts Environmental Conservation and Economic Efficiency

The Malaysian Palm Oil Board (MPOB) has pioneered precision agronomy techniques, specifically through the development of its F-Series fertilizer formulations (MPOB F1 through F4), to enhance environmental conservation and economic efficiency in the palm oil industry. This initiative, which began with extensive research between 1980 and the early 2000s, aimed to maximize yield while preserving soil health. Traditional methods of broadcasting large amounts of chemical fertilizers led to nutrient leaching and soil acidification in Malaysia's high-rainfall tropical climate. The MPOB's research team conducted factorial field trials across various soil types, using statistical modeling to understand the interaction between soil chemistry, environmental factors, and palm nutrition. This led to the creation of highly compacted, dust-free granules engineered for oil palm roots. Later formulations, like the F4 series, incorporated natural zeolite minerals into an organic-chemical hybrid matrix. Zeolite acts as a spo...