Construction gains, crypto flows, and escalating visa tensions dominate today’s global news cycle.

🇲🇾 Malaysia

SunCon clinches RM1.16B contract for data centre projects

• Two new projects awarded by a US-based tech giant
  
• Brings SunCon’s 2025 replenishment above 50%
  
• Expected to drive revenue growth and earnings visibility until 2027
  

🌍 International

US revokes Chinese student visas amid national security push

• Targeting students with ties to China’s Communist Party and military
  
• Applications from China and Hong Kong face stricter scrutiny
  
• China condemns move as discriminatory and damaging to global image
  

🌏 Asia

Bitcoin ETFs pull in US$9B as investors flee gold

• Bitcoin sees 5-week record ETF inflow
  
• Gold funds suffer US$2.8B in outflows
  
• Analysts cite growing trust in crypto amid macroeconomic uncertainty
  

Bitcoin hits US$111,980 high in May

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