TNB: Commercial viability, committed offtakers vital for Asean’s green energy ambition
The APG aims to establish a sustainable, integrated energy network by 2045, with eight of the ten Asean members having set net-zero targets. He added that regulatory frameworks across member countries are also critical in enabling reliable and secure cross-border power flows. Looking ahead, he said TNB remains focused on strengthening grid capabilities to support the region’s move towards a cleaner, more connected, and resilient energy future. TNB has been actively contributing to the APG, as evidenced by cross-border connectivity projects such as the Vietnam-Malaysia-Singapore, Malaysia-Indonesia, and Malaysia-Sarawak interconnections. Renewable energy transmission to Singapore from Laos via Thailand and Malaysia three years ago marked a milestone in the region’s cross-border electricity trade.
Source:The Edge Markets
February 12, 2026 03:29 UTC
Activist Ancora urges Warner board to reject Netflix, reconsider Paramount's bid
Warner Bros was valued at about US$69 billion as of Tuesday, indicating Ancora’s stake in the company is less than 1%. Paramount sweetened the terms of its offer for Warner Bros on Tuesday by agreeing to pay the US$2.8 billion termination fee Warner Bros would owe Netflix if the deal falls apart. It will also backstop a Warner Bros debt refinancing and pay US$1.5 billion in fees associated with that, if necessary. If the Warner Bros board refuses to do this, “Ancora will vote ‘no’ on the inferior Netflix deal and seek to hold the Warner Bros board accountable at the 2026 annual meeting.”Warner Bros has said it plans to ask shareholders to vote on the Netflix deal by April. Warner Bros’ “experienced and independent board and management team have a proven track record of acting in the best interests of the company and shareholders”, Warner Bros said in a statement.
Source:The Edge Markets
February 12, 2026 03:03 UTC
Bangladesh votes in landmark election after Gen Z revolution
It is the world's first election after a revolution led by under-30s, or Gen Z, to be followed by Nepal next month. The contest pits two coalitions led by former allies, the Bangladesh Nationalist Party (BNP) and the Islamist Jamaat‑e‑Islami, with opinion polls giving an edge to the BNP. "I am feeling excited because we are voting in a free manner after 17 years," Hossain said as he waited in line. Unlike previous elections marred by opposition boycotts and intimidation, more than 2,000 candidates, including many independents, are vying for 300 seats in the Jatiya Sangsad, or House of the Nation. "This election is not just another routine vote,” Nobel laureate Muhammad Yunus, head of an interim government installed after Hasina’s ouster, said this week.
Source:The Edge Markets
February 12, 2026 02:58 UTC
Instagram boss grilled at trial over profit versus youth safety
(Feb 12): Instagram boss Adam Mosseri came under fire at a landmark trial over social media addiction for maintaining features on the photo-sharing app that researchers had flagged as harmful to teens. Phyllis Jones, an attorney for Meta, asked Mosseri to respond directly to claims raised in the case that Instagram put profit over the safety of young users. Under questioning from Lanier, Mosseri acknowledged that “problematic use” of Instagram and other online platforms is real, but asserted that social media was not “clinically addictive”. Under Mosseri, Instagram also announced plans in 2021 for a kids-version of the app called Instagram Youth, which was ultimately scrapped after strong backlash from politicians and parenting groups. Instagram rolled out so-called teen accounts in late 2024 that limit who users can interact with and what content they see.
Source:The Edge Markets
February 12, 2026 02:53 UTC
Dividend upside more likely in large banks as capital management becomes key driver — MBSB Research
KUALA LUMPUR (Feb 12): Dividend upsides will likely come from larger-to-mid-sized banks, as smaller banks are constrained by their aggressive business development, according to MBSB Research. It said smaller banks’ need to retain more capital to support growth, and is likely to limit their ability to raise dividends. At the same time, loan growth has been weaker than expected, largely dragged by weakness in business loans. Even with slower loan growth, MBSB Research remains positive on the sector, saying how banks manage their capital is becoming the main driver of share price gains. MBSB Research views this structure as a more effective and regulator-friendly mechanism for capital distribution compared with dividend reinvestment plans.
Source:The Edge Markets
February 12, 2026 02:28 UTC
BAM call for BWF to rethink hosting burden
“For me, I think that for us (BAM) to bid for all these major tournaments, there needs to be a fair business model. “Secondly, we need to ask why many major badminton nations are not submitting bids to host major tournaments. That is one of the questions BWF need to ask themselves.”Kenny’s concerns are valid, as the BWF have yet to announce a host for the 2027 Sudirman Cup. Therefore, Kenny has urged BWF to review their current business model and compare it with the one used in the past. What is the difference between the business model BWF are using now and the one they followed in the past?” he added.
Source:The Star
February 12, 2026 00:45 UTC
Oil prices up 1% on escalating US-Iran tensions
NEW YORK: Oil prices gained about 1% on Wednesday, as investors worried about escalating tensions between Iran and the US, which were preparing to resume negotiations, while a weekly report showing a large build in US crude inventories limited gains. Brent crude oil futures settled 60 cents, or 0.87%, higher at US$69.40 a barrel. The date and venue of the next round of US-Iran talks have yet to be announced. Also supporting oil prices, US job growth unexpectedly accelerated in January and the unemployment rate fell to 4.3%, the Labor Department said, signaling a healthy economy. Russian oil production edged down around 0.6% in January from December, per the report.
Source:The Star
February 11, 2026 23:39 UTC
Wall Street ends muted on strong jobs data
The Philadelphia semiconductor index rallied 2.3%, while the S&P 500 software index finished down 2.6%. The rate-sensitive S&P 500 bank index finished down 2.6%. Robinhood shares tumbled 8.9%, leading declines in the financial services index, after the retail brokerage missed fourth-quarter revenue expectations. Humana shares fell 3.3% after the health insurer forecast 2026 profit below Wall Street estimates. The S&P 500 posted 99 new 52-week highs and 24 new lows while the Nasdaq Composite recorded 123 new highs and 232 new lows.
Source:The Star
February 11, 2026 23:34 UTC
Airbus wins major order for A350 widebody jets from Air Canada
(Feb 12) : Air Canada will acquire eight Airbus SE A350-1000 models, with options to double the order, as the carrier seeks to modernize its fleet. The purchase agreement, if all rights are exercised, would be valued at about US$3 billion, based on current aircraft values from analytics firm Ishka Ltd. A first delivery is expected in the second half of 2030, Air Canada said. The A350-1000 is a twin-aisle widebody aircraft that can seat as many as 480 passengers and significantly reduce fuel consumption, according to Airbus’s website. “These aircraft will deliver improved operating economics, enhance our operational reliability, and ensure we remain competitive across our global network.,” Air Canada Chief Financial Officer John Di Bert said in a statement. Air Canada said the purchase will add to an order book of 30 Airbus A321XLRs, 23 Airbus A220s and 14 Boeing 787-10 Dreamliners.
Source:The Edge Markets
February 11, 2026 23:07 UTC
Waymo Co-CEO outlines path to one million weekly trips in 2026
(Bloomberg) : Waymo, Alphabet Inc.’s autonomous driving unit, will hit more than one million paid weekly robotaxi rides in the US by the end of this year, according to co-Chief Executive Officer Tekedra Mawakana. In some cases, Waymo can go from mapping a city to the start of paid rides in just a matter of months. Waymo began fully autonomous operations in Nashville earlier this week ahead of a planned commercial launch with Lyft Inc. later this year. Waymo is the top provider of paid autonomous vehicle services in the US, with a pack of well-funded others chasing the market. The company currently provides about 400,000 paid rides per week across the six cities.
Source:The Edge Markets
February 11, 2026 22:53 UTC
Real estate services stocks sink in latest ‘AI scare trade’
(Feb 12): Real estate services stocks sank on Wednesday as investors assessed the companies’ vulnerability to the newest crop of artificial intelligence (AI) applications and tools that threatens to disrupt several industries. Shares of CBRE Group Inc and Jones Lang LaSalle Inc plunged 12%, and Cushman & Wakefield Ltd dropped 14%. For CBRE and Cushman & Wakefield, the moves marked the biggest drop since 2020 in the midst of the Covid-driven market sell-off. The drop in the stocks seems “excessive given limited news flow today,” Barclays’ Brendan Lynch said. The analyst noted that some of the weakness stems from fears that AI will disrupt the job market and commercial real estate demand.
Source:The Edge Markets
February 11, 2026 22:37 UTC
Treasuries fall as strong jobs curb Fed-cut bets
(Feb 12) : A stronger-than-anticipated US jobs report spurred a slide in Treasuries as traders pared bets on Federal Reserve rate cuts in 2026. “If the labor market is indeed stabilizing, that would be constructive for both the economy and the market,” he noted. Overall, this still looks like “low-hire, low-fire” labor market rather than a broad-based reacceleration, said Mark Hamrick at Bankrate. “For the Federal Reserve, a steadier jobs picture reduces the urgency to rush into rate cuts, assuming inflation behaves,” he noted. “The market got the jobs report it needed,” said Brad Smith at Janus Henderson Investors.
Source:The Edge Markets
February 11, 2026 22:18 UTC
BP’s buyback cut likely to be Shell’s gain
BP’s oil and gas production averaged 2.3 million barrels of oil equivalent per day (boed) in 2025, broadly flat year-on-year, supported by the startup of seven new projects, including in the Gulf of Mexico. Shell’s production gapIn many respects, BP is the mirror image of its larger British rival Shell. As a result, Shell’s oil and gas production fell 1% in 2025 to 2.8 million boed. Shell’s oil and gas reserves dropped to a record low 8.1 billion barrels in 2025, from 8.9 billion barrels in 2024. Shell’s production from its current portfolio could fall by as much as 800,000 boed over the next decade, based on Wood Mackenzie estimates.
Source:The Star
February 11, 2026 22:12 UTC
I don't own shares in any company, claiming otherwise is defamatory, says Azam Baki
PUTRAJAYA: Tan Sri Azam Baki says he no longer owns any shares in any company, inlcuding Velocity Capital Partner Bhd. The Malaysian Anti-Corruption Commission (MACC) chief commissioner said claims that he still holds shares in the company are false. Azam said he sold his shares in Velocity Capital Partner Bhd in July 2025. Addressing the controversy surrounding Velocity Capital Bhd, Azam said he did not profit from the sale of Velocity Capital shares. Azam said any narrative suggesting he still holds shares worth hundreds of thousands of ringgit is defamatory and not supported by official records.
Source:The Star
February 11, 2026 21:11 UTC
China official-influencer dies after horse riding accident while filming publicity clip for local agriculture
He Jiaolong rides her horse dressed in a festive outfit across a snowy expanse in Xinjiang. Photo: nfnewsHe Jiaolong rides her horse dressed in a festive outfit across a snowy expanse in Xinjiang. He also once sat on a bed suspended 100 metres above the ground to promote Xinjiang cotton. Some people commented on the neijuan phenomenon among the officials that promote tourism online. Others performed rap, spoke English and played instruments to attract audiences while promoting local tourism.
Source:The Star
February 11, 2026 20:33 UTC