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☆ Morgan Stanley picks global stocks to play a $50 billion AI boom. Analysts give two over 20% upside
▼ + stars: | 2024-06-21 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +2 min

The Wall Street bank estimates that another 1 gigawatts in potential power has been "underwritten as these data centers ramp up." "With $50 billion in committed AI/DC [data center] investments, we see upside to power gencos and grid operators in the region," Morgan Stanley's analysts wrote in a June 2 research note. Below are three stocks from Morgan Stanley's list that stand out for having significant upside potential, according to FactSet's consensus price targets. Analysts polled by FactSet give the stock a price target of 14.62 Malaysian ringgits, giving it around 6% potential upside. Keppel has an ADR in the U.S. and Singapore Telecommunications trades over the counter .

Persons: Morgan Stanley, Morgan, Morgan Stanley's, FactSet, Keppel, — CNBC's Michael Bloom Organizations: Morgan, Google, U.S, Global X FTSE, Asia, Malaysian, Singapore Telecommunications, Singapore Exchange Locations: Tenaga Nasional, Malaysia, Bursa Malaysia, Singapore, Keppel, U.S

☆ Want to avoid crowds while traveling? Here's the 'not hot' list for 2024
▼ + stars: | 2023-12-28 | by ( Quek Jie Ann | ) www.cnbc.com time to read: +5 min

Adventure travel company Intrepid Travel's new "Not Hot" list is out — spotlighting overlooked travel spots around the world. The 2024 list calls attention to two destinations in Asia, two in Europe and one in Central America. Source: Intrepid TravelUnlike Italy's tourist-saturated Positano, travelers visiting Corsica can "enjoy a more authentic, tranquil, and immersive experience ... without the overwhelming crowds," according to a press release by Intrepid Travel. Intrepid Travel recommends Panama for those who wish to "immerse themselves in local traditions, folklore, and contemporary arts ... that differs from the more European-centric cultural landscape," the press release stated. Source: Intrepid Travel

Persons: Matt Berna, Nick Lim, Lim, Gonzalo Azumendi, Emberá, David C Tomlinson Organizations: Intrepid, Americas, Intrepid Travel, CNBC Travel, UNESCO, Heritage, Euromonitor International, Japan National Tourism Organization, Korea Tourism Organization, The Travel Corporation, CNBC, Trip.com, La Amistad, Bank, Getty Locations: Asia, Europe, Central America, Corsica Corsica, France, Corsica, Seoul Tokyo, Singapore, Seoul, Korea, Intrepid Travel Tokyo, Tokyo, Panama Panama, Central American, Costa Rica, Colombia, Panama, Panama Viejo, Casco, Darien, La, Guna, Corfu Greece, Santorini, Mykonos, Kefalonia, Corfu, Greece, Split, Dubrovnik, Croatia, Borneo Borneo, Southeast Asia, Malaysia, Brunei, Indonesia, Kalimantan, Indonesian, Sarawak, Sabah, Borneo, Malaysian, Indonesian's Kalimantan

He said the 393.8 billion ringgit ($83.3 billion) budget is aimed at fixing economic imbalances and helping people to cope with rising cost of living amid a global economic slowdown. This year, for instance, he said government subsidies and social assistance surged to 81 billion ringgit ($17 billion) as global commodity prices rose. For 2024, the government allocated 52.8 billion ringgit ($11.2 billion). Anwar said the government will introduce a 5%-10% tax on luxury goods such as jewelry and watches, as well as a 10% capital gains tax next year to expand its revenue base. Tourists will be exempt from the tax on luxury goods, he said.

Persons: Anwar Ibrahim, Anwar, ” Organizations: — Locations: KUALA LUMPUR, Malaysia, — Malaysia

☆ 'Not realistic' for Malaysia to achieve net-zero by itself, says Prime Minister Anwar Ibrahim
▼ + stars: | 2023-06-26 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

KUALA LUMPUR, Malaysia — Malaysia has ambitious goals to cut its greenhouse gas emissions by 2050 — but the Southeast Asian nation cannot do it alone, said the country's Prime Minister Anwar Ibrahim. "They expect developing countries like Malaysia to do it on our own which is not realistic," Anwar told CNBC's JP Ong at the Energy Asia conference in Kuala Lumpur, Malaysia. In March, the International Renewable Energy Agency forecast that Malaysia will need to double its renewable energy transition investments to at least $375 billion in order to meet its 2050 net-zero emissions goals. Anwar reaffirmed Malaysia's commitment to these goals, but said partners in developed nations "have to understand that the transition takes time and takes investments" and that they have to "play their part." The energy transition has started, has begun."

Persons: —, Anwar Ibrahim, Anwar, CNBC's JP Ong, Malaysia's Organizations: Malaysia —, country's, Energy Asia, International Renewable Energy Agency Locations: KUALA LUMPUR, Malaysia, Malaysia — Malaysia, Kuala Lumpur

☆ Malaysia’s king names Anwar Ibrahim prime minister after inconclusive election
▼ + stars: | 2022-11-24 | by ( ) www.nbcnews.com time to read: +3 min

KUALA LUMPUR, Malaysia — Malaysia’s Anwar Ibrahim was sworn in as prime minister on Thursday, capping a three-decade political journey from a protégé of veteran leader Mahathir Mohamad to protest leader, a prisoner convicted of sodomy and opposition leader. His appointment ends five days of unprecedented post-election crisis, but could usher in a new instability with his rival, former Prime Minister Muhyiddin Yassin, challenging him to prove his majority in Parliament. Both men failed to win a majority in a Saturday election, but the constitutional monarch, King Al-Sultan Abdullah, appointed Anwar after speaking to several lawmakers. Anwar, 75, has time and again been denied the premiership despite getting within striking distance over the years: He was deputy prime minister in the 1990s and the official prime minister-in-waiting in 2018. Anwar’s coalition, known as Pakatan Harapan, won the most seats in Saturday’s vote with 82, while Muhyiddin’s Perikatan Nasional bloc won 73.

☆ Saudi defense officials rented suites at Trump's DC hotel that cost $10,500 right before MBS visited White House
▼ + stars: | 2022-11-14 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +5 min

Officials from six countries spent over $750k at Trump's DC hotel in 2017 and 2018, documents show. The officials stayed at Trump's hotel amid rocky periods in relations between their countries and the US. Saudi officials spent nearly $86k in March 2018. The Saudi officials spent nearly $86,000 from March 7 to March 18, including renting several $10,500 suites. Prince Mohammed, the de facto ruler of Saudi Arabia, was explicitly implicated in Khashoggi's killing by the US government.

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