Petronas confirms Brazil commitment amid stake sale reports

Petronas confirms Brazil commitment amid stake sale reports

KUALA LUMPUR : Petroliam Nasional Bhd (Petronas) has reiterated its commitment to Brazil, calling it a crucial market where it holds a strong position in the energy sector. The national oil company clarified it operates in three producing fields and four deepwater exploration blocks in Brazil’s upstream segment. “In addition to upstream operations, we operate a Floating Production and Storage Offloading (FPSO) unit through MISC Bhd, while AET supports offshore production with a fleet of 13 dynamic positioning shuttle tankers,” Petronas said. Recent reports suggested Petronas is exploring the sale of its 50% stake in the Tartaruga Verde oil field for around US$1 billion. The company responded by stating it routinely evaluates investments to enhance resilience and long-term growth. “Such reviews ensure continued alignment with our growth strategy, as our focus remains on maintaining a robust and sustainable portfolio,” it added. Petronas acquired its stake in Tartaruga Verde in 2019 through a deal with Petrobras, which retains the remaining 50%. – Bernama

US envoy arrives in Russia as sanctions deadline looms over Ukraine

US envoy arrives in Russia as sanctions deadline looms over Ukraine

MOSCOW : US envoy Steve Witkoff arrived in Moscow on Wednesday, state media reported. He will meet Russian leadership as President Donald Trump’s deadline to impose fresh sanctions over Russia’s Ukraine offensive approaches. Trump has given Russia until Friday to halt its military campaign or face new penalties. Ukrainian officials reported at least two people killed and 10 wounded overnight in Russian shelling of Zaporizhzhia. The White House has not specified actions but Trump previously threatened “secondary tariffs” on Russia’s trade partners like China and India. The move aims to stifle Russian exports but risks significant international disruption. Trump said he would await Moscow talks before deciding on economic retaliation. “We’re going to see what happens,“ he told reporters. Witkoff was met by Russian presidential representative Kirill Dmitriev upon arrival, TASS reported. An American source did not confirm if meetings will include Russian President Vladimir Putin. The Kremlin earlier said it did not “exclude” a Putin meeting. Russia continues its offensive despite US pressure. Three Istanbul peace talks have failed to progress toward a ceasefire. Moscow demands Ukraine cede more territory and renounce Western support. Kyiv seeks an immediate ceasefire, with Zelensky urging allies to push for “regime change” in Moscow. Trump has grown frustrated with Putin over Russia’s relentless attacks. Russia fired a record number of long-range drones at Ukraine in July. Its troops have advanced into unannexed Ukrainian territory. When asked Witkoff’s message to Moscow, Trump said: “Get a deal where people stop getting killed.” Kremlin spokesman Dmitry Peskov called the talks “important, substantial and helpful.” Putin insists his demands for ending the war remain unchanged. Russia wants Ukraine to cede control of four annexed regions. Putin also demands Ukraine abandon NATO ambitions. The visit follows Trump’s deployment of two nuclear submarines after an online dispute with Dmitry Medvedev. Trump did not clarify if the submarines are nuclear-armed or their locations. Russia urged “caution” over nuclear rhetoric. Peskov stressed Russia’s commitment to nuclear non-proliferation. - AFP

300 hadir persidangan AIDEX & CyberCon 2025

300 hadir persidangan AIDEX & CyberCon 2025

KUALA LUMPUR – Lebih 300 peserta menghadiri persidangan keselamatan siber dan transformasi digital sedia masa hadapan, AIDEX & CyberCon 2025 anjuran Quandatics Omnitech Sdn. Bhd. (Omnitech) dan Q Armour Sdn. Bhd. (Q Armour) di ibu negara hari ini. Persidangan sehari itu dihadiri oleh pegawai kerajaan, peneraju industri dan inovator digital untuk meneroka bagaimana teknologi dikuasakan ... Read more The post 300 hadir persidangan AIDEX & CyberCon 2025 appeared first on Kosmo Digital .

Iran gesa Malaysia terus terajui usaha diplomatik bela Palestin

Iran gesa Malaysia terus terajui usaha diplomatik bela Palestin

PETALING JAYA: Malaysia terus mendapat kepercayaan dunia Islam untuk mendepani usaha diplomatik bagi menghentikan kekejaman dan genosid yang masih berterusan di Palestin. Perkara itu dizahirkan oleh Perdana Menteri, Datuk Seri Anwar Ibrahim selepas menerima panggilan telefon Presiden Iran, Dr. Masoud Pezeshkian yang memuji pendirian tegas dan konsisten Malaysia terhadap penderitaan rakyat Gaza. “Beliau turut menggesa ... Read more The post Iran gesa Malaysia terus terajui usaha diplomatik bela Palestin appeared first on Utusan Malaysia .

Sarawak aims to adopt Nordic financial strategies for economic growth

Sarawak aims to adopt Nordic financial strategies for economic growth

KUCHING : Sarawak Premier Tan Sri Abang Johari Tun Openg has called for the state to adopt the disciplined financial practices of Nordic countries to secure long-term economic stability. He highlighted Finland, Sweden, and Norway as examples of nations excelling in fiscal management despite smaller populations. “Norway discovered oil in the North Sea much later than Malaysia did in 1910, yet today it is a wealthy nation,“ he said. Abang Johari noted Norway’s high standard of living as proof of effective financial governance. “That is why we must closely examine how we manage our finances,“ he added. Speaking at the Public Sector Financial Transformation Conference 2025, he stressed Sarawak’s need to wisely manage its revenue. The state government has established the Sarawak Sovereign Wealth Future Fund to ensure sustainable financial planning. “Whatever money we have, we do not spend it lavishly,“ he stated. He emphasised redistributing income, including oil revenue, to benefit the public effectively. – Bernama

Gaza aid truck tragedy kills 20 as crowd swarms overturned vehicle

Gaza aid truck tragedy kills 20 as crowd swarms overturned vehicle

GAZA CITY : Gaza’s civil defence agency confirmed 20 fatalities when an aid truck overturned amid crowds of civilians in central Gaza. The incident occurred late Tuesday near Nuseirat refugee camp on a road previously damaged by Israeli airstrikes. Agency spokesperson Mahmud Bassal stated hundreds were awaiting aid distribution when the vehicle flipped. Dozens sustained injuries during the chaotic scene described by local authorities. Bassal attributed the accident to unsafe road conditions caused by military bombardment. Israel Defense Forces acknowledged investigating the reports but provided no immediate comment. Hamas officials accused Israel of deliberately routing aid convoys through hazardous areas. The group’s media office claimed drivers face forced detours through starving populations. Desperation allegedly triggers mass surges toward approaching trucks according to their statement. The tragedy highlights worsening humanitarian conditions in Gaza after nine months of conflict. UN agencies report severe food shortages affecting over 90% of the enclave’s 2.3 million residents. Aid deliveries remain inconsistent despite international ceasefire efforts. - AFP