KUALA LUMPUR, May 8 — Reneuco Bhd will be delisted from the Main Market of Bursa Malaysia on May 12, 2026 after Bursa Malaysia Securities Bhd dismissed the company’s appeal for more time to submit its regularisation plan.

In a filing with Bursa Malaysia today, the renewable energy company said Bursa Malaysia had rejected its appeal for an extension of time until November 7, 2026 to finalise and submit the regularisation plan to the relevant authorities for approval.

The company said Bursa Malaysia had also decided to delist the securities of the company from the official list of Bursa Malaysia pursuant to Paragraph 8.04 of the Main Market Listing Requirements.

“In the circumstances, please be informed that the securities of the company will be removed from the official list of Bursa Malaysia upon the expiry of two market days from the date hereof, namely on May 12, 2026,” it said.

Reneuco said the securities currently deposited with Bursa Malaysia Depository Sdn Bhd would be withdrawn by the company upon the delisting.

“Upon the de-listing of the company, the company will continue to exist but as an unlisted entity. The company is still able to continue its operations and business and proceed with its corporate restructuring and its shareholders can still be rewarded by the company’s performance.

“However, the shareholders will be holding shares which are no longer quoted and traded on Bursa Malaysia. The interests and rights of the shareholders will remain safeguarded under the Companies Act 2016,” it added. — Bernama 

JAKARTA, May 8 — Indonesia recorded US$3.3 billion (RM12.9 billion) in net foreign portfolio inflows from January to April, driven by inflows into Bank Indonesia Rupiah Securities (SRBI) as the central bank intensified efforts to stabilise the rupiah amid global market volatility.

Bank Indonesia (BI) Governor Perry Warjiyo said the inflows followed net outflows of US$1.7 billion in the first quarter of 2026.

“Year-to-date, inflows into SRBI reached 78.1 trillion rupiah (RM17.62 billion), while equity outflows totalled 38.6 trillion rupiah. Although government bonds recorded inflows in recent weeks, year-to-date outflows still stand at 11.7 trillion rupiah,” he said, according to Antara News Agency.

Perry said BI is implementing a strategy to strengthen the SRBI interest rate structure to attract foreign inflows and support rupiah stabilisation.

He said the central bank was going all out to maintain the rupiah exchange rate through various policies, including intervention in the offshore non-deliverable forward (NDF) market and spot and domestic non-deliverable forward (DNDF) transactions.

“The interventions are not limited to the domestic market, not only through spot and DNDF transactions, but are carried out around the world, around the clock.

“We intervene in the offshore NDF market. We intervene in Hong Kong, Singapore, London, and New York. This is not business as usual; we are all out,” he said.

He said the central bank has also relaxed restrictions on offshore rupiah-related NDF transactions for certain dealers and banks.

Perry said foreign exchange reserves remained more than sufficient to support rupiah stabilisation efforts, standing at US$148.2 billion at the end of March 2026.

“Please remember that foreign exchange reserves were accumulated during times of strong inflows. That is why we use them during periods of outflows. The reserves are substantial,” he said. — Bernama

SINGAPORE: After a legal recruiter said on a recent podcast that companies are now choosing to hire “hungrier” workers from Malaysia, Vietnam, and the Philippines, and are letting go of Singaporean workers, this caused no small amount of comments online.

The recruiter, who is also the founder of Aslant Legal, is a 42-year-old former lawyer named Shulin Lee. Ms Lee was a guest on an episode aired on April 30 of CNA’s Deep Dive Podcast titled “Why are younger workers leaving stable careers just a few years in?”

A short clip from the episode was posted on social media and has been widely viewed and commented on.

In it, Ms Lee says, “For the young employees, you need to be a little bit more paranoid about what the future holds, because the companies that I now work with are letting go of Singaporeans in favour of hiring people in Malaysia, Vietnam, Philippines, not because they’re necessarily more skilled, but because they are a lot hungrier. And that hunger is now irreplaceable. 

No amount of enrichment classes will make my children smarter than AI. I’m telling everyone to double down on their relationship-building skills. You have to go for a job interview, be able to look into someone’s eye, and carry a conversation.”

She added that many Gen Zs, those born between 1995 and 2012, are unable to carry on a conversation or explain what they do to a stranger, something Ms Lee said she finds terrifying.

Many who have commented on Ms Lee’s remarks have not held back in disagreeing with her, taking a particular exception to the issue of whether or not Singaporean workers are less “hungry” than those from other countries.

“Hungrier = Willing to accept low pay and longer hours. The old adage – ‘Will work for food’,” a Facebook user remarked drily.

“‘Hungrier’ in corporate language translates to ‘desperate’ in layman’s terms. If there’s a job offer in another country that pays me 3 or more times more for the same job here, I would also react with the same ‘hunger’ for that job,” chimed in another.

In the same vein, a YouTube user wrote, “I disagree with the statement ‘foreign workers are hungrier’. They are merely more incentivised to work due to the higher exchange rate. They can finance 2 bungalows back at home with a salary here. Don’t believe me? Depreciate SGD by 80% and see if foreign workers are hungry to work here.” 

Another who said they agreed with the commenter added, “If they are hungrier, why are they not contributing and grinding in companies in their own countries?”

“Employers say they want hunger… yet when you show hunger, they want to put you in your place and obey, then accuse you of rocking the boat by proposing new ideas,” a commenter shared. 

Another wrote, “This recruiter is pushing a toxic work culture on young people. Hunger is great, but once you lose steam, you are immediately discarded w/o a second thought.” /TISG

Read related: ‘They’re acting like scammers’: Singapore jobseeker raises concerns about recruiters in today’s job market

This article (Recruiter causes stir for saying foreign workers are ‘a lot hungrier’ than Singaporeans) first appeared on The Independent Singapore News.