The Klang Valley office market saw leasing momentum continue to build in 2Q2026, supporting higher occupancy and rents across all key office localities, according to Knight Frank Malaysia executive director of research and consultancy Amy Wong in presenting The Edge Malaysia | Knight Fra...

The Edge Malaysia | Knight Frank Kuala Lumpur and Selangor Office Monitor 2Q2026: Klang Valley office market sees increase in leasing momentum

The government’s latest attempt to achieve zero abandoned housing projects by 2030 is through an option to purchase (OTP) mechanism, which Minister of Housing and Local Government Nga Kor Ming says would kick off before the year is out.

The OTP basically provides developers and buyers w...

The REAL deal: OTP: Win-win or a licence to walk away?

The property manager’s role

Johor-based Astaka Padu Sdn Bhd is taking an integrated approach to its latest development in Tampoi, Johor, combining residential, commercial, retail, hospitality and education components with a focus on wellness.

Known as Amora Park, the 11.76-acre freehold development will comprise f...

Cover Story: Astaka Padu debuts first project since going private

It is a typical day in Ho Chi Minh City. Motorcycles stream through crowded streets, weaving in and out between cars and buses. The honking is incessant. Along the roads, construction barriers, roadworks and unfinished stretches of infrastructure remind you that this city is in the midst of chang...

Vietnam’s property market offers a different perspective

This week, we spoke to OSK Property’s new CEO Chu Wai Lune on how the developer creates value for buyers.  He believes that rather than competing on size or amenities alone, thoughtful design, functionality, future-ready homes and community can make a meaningful difference to buyers.

Making the ordinary extraordinary

Once occupied by industrial properties, Jalan 51A/223 in Petaling Jaya has been transformed into a street with largely commercial and office buildings that benefits from its proximity to the Federal Highway and Asia Jaya LRT station. Property experts familiar with the road say it is a consistent ...

Streetscapes: A consistent performer

Penang’s residential market is seeing resilient demand, supported by an active industrial sector that is driving housing demand, although buyers remain cautious in their spending, according to Nawawi Tie Leung Property Consultants Sdn Bhd executive director and regional head of research and consu...

The Edge Malaysia | Nawawi Tie Leung Property Consultants Penang Housing Property Monitor 2Q2026: Strong industrial sector underpins residential market resilience

Tan & Tan Developments Bhd, the property development arm of IGB Bhd (KL:IGBB), is all set to unveil its mixed-use development — Aviera Bangsar South — in Kuala Lumpur this November.

The freehold project, which has a gross development value (GDV) of RM656 million, comprises the 35-st...

Tan & Tan Developments to launch Aviera Bangsar South next month

Malaysia’s push to become a regional data centre hub is putting pressure on its energy infrastructure, as new power generation and grid capacity take much longer to build than the facilities they are meant to support, according to experts.

Energy capacity struggles to keep pace with Malaysia’s data centre ambitions

BUDGET 2027 introduced more incentives for Malaysians and businesses to adopt artificial intelligence (AI), but as the government encourages wider use of the technology, it is also preparing legislation that could hold organisations accountable for how they use it.

Commentary: Malaysia's proposed AI law could make businesses accountable for the AI they use

AS Malaysia continues accelerating towards Industry 4.0 with investments into smart logistics and connected infrastructure, businesses are deploying more IoT devices than before. Adoption momentum is also building, with 78% of enterprises surveyed by Beecham Research either already using eSIMs for IoT or planning to do so. This is in addition to recent trial rollouts from Malaysian telcos, such as CelcomDigi's industrial 5G-enabled intelligent warehouse and U Mobile's 5G-IoT logistics, demonstrating how connected technologies are becoming increasingly integral to business operations.

Commentary: Why eSIM is becoming critical for Malaysia’s next phase of IoT growth

Amazon Web Services (AWS) will be training 445,000 government officers on its artificial intelligence (AI) tools under its newly launched Semarak AI Malaysia programme.

AWS to train 445,000 civil servants on AI tools under Semarak AI Malaysia

Capital investment in technology is surging but workforce readiness remains a challenge, leaving enterprises short of the returns they expect.

Personalised upskilling key to job readiness

Not every photo needs to end up on a social media feed. Some are simply reminders of an ordinary day, whether it is a meal between classes, a funny moment with friends or a quick snapshot taken on the way home.

In response to the curated, polished feeds encouraged by mainstream social m...

Listicle: Apps for the moments you don’t post

Here’s a set of seven skills for you to consider cultivating to get and retain a job in the AI era

 

Human resources (HR) launches an artificial intelligence (AI) tool to analyse employee engagement. The AI reads 15,000 comments and p...

Econ 4.0: AI is here. Which skills matter more now?

Conversations around social entrepreneurship often focus on funding, but a bigger challenge for founders is moving from building businesses that look for customers to creating products and services that customers are actively looking for, says Ahmad Azuar Zainuddin, CEO of Satu Creative Services ...

Beyond Grants: Helping social enterprises build a stronger business case

IIMMPACT Sdn Bhd began in 2018 as a consumer app that allowed users to pay different bills through a single platform, but the business changed direction after struggling to retain customers as larger e-wallet operators expanded.

CEO and co-founder Alex Tan says fewer than 20% of users w...

Platform-as-a-service: IIMMPACT builds bill payment business after consumer app pivot

Alphaswift Industries Sdn Bhd is the only drone maker among the Malaysian companies given access to British chip architect Arm Holdings plc’s chip design technology, and it plans to design its own chip as it builds towards passenger flight.

The local drone industry has come a long way, ...

Cover Story: Betting on chip design for long climb to passenger flight 

Sarawak aims to position itself as a regional clean energy hub by leveraging its hydropower resources to supply electricity, develop hydrogen and strengthen energy interconnections across Southeast Asia.

Sarawak banks on hydropower to become Asean's battery

About 14,500 hectares, or less than 1%, of the more than 1.9 million hectares affected by fires across Indonesia between January and September 2026 were within Roundtable on Sustainable Palm Oil (RSPO)-certified concessions, said RSPO chief executive officer Joseph D’Cruz.

Less than 1% of Indonesia’s fire-affected land falls within RSPO-certified concessions 

The anatomy of an ordinary failure, with extraordinary consequence, is a lesson that Malaysian boards of directors should not ignore.

At 10.02am on Tuesday, Sept 8, a notification appeared at Britain’s air traffic control centre outside Southampton: The link between London Area Control ...

Climate And Environmental Governance: The Tuesday that closed Britain’s skies

The average size of monitored wildlife populations worldwide declined by 73% between 1970 and 2022, according to the World Wide Fund for Nature’s (WWF) “Living Planet Report 2026: The Science of Hope”, released on Oct 8.

Monitored wildlife populations shrink by 73% on average over five decades

With the Ministry of Housing and Local Government (KPKT) preparing to mandate recycling facilities across all shopping malls, retail operators must begin investing substantial time and capital into recycling initiatives, mainly centred on waste separation at source systems and logistics partnersh...

Circular Economy: Malls taking the lead to promote recycling

Six youths looking to sue the government in their bid to enforce Malaysia’s 50% forest cover pledge will know on Dec 9 whether their case can proceed further, their lawyer Lim Wei Jiet tells ESG.

The six applicants are Abe Lim, Sitti Fatimah, Winona Elisha Jemak, Lee Yu Dong, A...

Action: High Court to rule on ‘Mana Hutan Kami’ suit on Dec 9 following AGC objection

The Securities Commission Malaysia’s (SC) announced plan to ask major listed companies for their El Niño preparedness is both a climate-disclosure development and a governance stress test, assessing the quality of board oversight over climate-related business risk.

Many Malaysian organi...

Views: When moderate to low climate risk becomes a board’s blind spot

While carbon footprints and board diversity are frequently discussed, the inclusion of neurodivergent individuals — those with autism, attention-deficit or hyperactivity disorder (ADHD) and other cognitive differences — remains a frontier that few small and medium enterprises (SMEs) have dared to...

Social: Incentive claiming process for hiring PWDs needs to be digitalised and simplified

A common criticism of nature-based carbon projects is that they could erode the rights of indigenous communities who live on the land and rely on the forests for farming, hunting and gathering forest produce.

There are allegations of failure by project developers to engage with indigeno...

Cover Story: Benefit sharing in carbon credit projects must be strengthened

Datuk Ho Leng Wai, executive chairman of CY Plastic Recycling Group of Companies, began his career in this industry on the ground. He started by collecting plastic scrap and later made a trip to China to learn how to turn it into new plastic again.

In 2004, he established a factory in K...

Waste: Consumer acceptance and regulation needed to boost use of post-consumer recycled plastics

The Edge Billion Ringgit Club 2026

The Edge ESG Awards 2026

The Edge Centurion Club Corporate Awards 2026

The Edge Best Managed & Sustainable Property Awards 2026

The Edge Property Excellence Awards 2026

Ex-PM Datuk Seri Najib Razak has paid his RM50 million fine but has yet to return home. This and more in our quick round-up of today’s biggest stories on theedgemalaysia.com

E5: Najib pays RM50 mil fine, still yet to return home

Further price increases on selected products could be on the cards for Fraser & Neave Holdings as commodity costs continue to climb.

NEWS: F&N weighs further price hikes

RM1.2 billion reported lost. Just RM14.3 million recovered.With online scam losses reaching RM2.97 billion in 2025, several question remains: Why is the recovery gap so big?  Why is tracing and recovering the money so difficult? If you authorised the bank transfer yourself, does that mean you're unlikely to get a refund? What are some new fraud prevention measures in the pipeline? Watch this week’s EdgeUP to find out why scam money is so hard to recover - and what you can do to protect yourself.@TheEdge_SG

EdgeUP: Why Scam Victims Get Almost Nothing Back

Datuk Seri Anwar Ibrahim has instructed Attorney General Tan Sri Mohd Dusuki Mokhtar to seek an audience with the King, Sultan Ibrahim Sultan Iskandar, immediately to clarify issues surrounding the implementation of the conditional pardon order involving former prime minister Datuk Seri Najib Razak.

Anwar directs AG to seek King’s audience over Najib’s conditional pardon order

The country's online banking system and financial transactions remain secure despite attempted cyberattacks by non-state actors, including a recent hacking incident involving Bank Rakyat's website, Communications Minister and government spokesperson Datuk Seri Fahmi Fadzil said.

Online banking secure in Malaysia despite Bank Rakyat hacking incident — Fahmi

The flood situation in Selangor and Perak continued to worsen, with the number of evacuees at temporary relief centres (PPS) rising to 4,068 on Saturday afternoon from 1,404 in the morning.

Over 4,000 evacuees at relief centres in Selangor and Perak as flood situation worsens

The Attorney General's Chambers (AGC) has denied challenging the validity of the conditional royal pardon granted to former prime minister Datuk Seri Najib Razak, stressing that it is merely seeking legal clarity on the implementation of the pardon alongside existing court orders.

AGC denies defying King in clarifying Najib's conditional pardon

The Gig Workers Tribunal (TPG) has ruled on three disputes involving e-hailing drivers and GrabCar Sdn Bhd, including awarding RM2,000 in compensation to one driver while upholding the deactivation of another driver's account over misconduct involving passengers.

HR Ministry: Gig Workers Tribunal has ruled on three disputes involving GrabCar

The implementation of the conditional pardon granted to Datuk Seri Najib Razak, allowing the former prime minister to serve the remainder of his prison sentence under house arrest, must be respected in keeping with the principles of constitutional monarchy and the rule of law.

King: Najib’s conditional pardon order must be respected

Months of unease over Wall Street’s artificial-intelligence (AI) boom erupted into a global market convulsion this week, opening a dangerous new chapter for the investment frenzy that has helped power stock prices, corporate spending and economic growth.

Wall Street grapples with US$5.7 tril rout as AI bets unwind

Wall Street equities mostly rallied on Friday, reversing course after trillions of dollars of world stock market value were wiped out over fears that Democratic election victories this week would bring tighter US regulations for the artificial intelligence (AI) industry.

US stocks rally after heavy AI-related sell-off; oil steady

While the public were focused on the plantation sector’s culpability in causing the haze hanging over the region in the last three months, Malaysian planters have been struggling with tight labour conditions in their estates, along with a high level of palm oil inventories.

Double cover: Malaysian planters brace for migrant worker shortage + Hong Leong Bank closes in on industry leadership across key metrics

Sarawak Premier Tan Sri Abang Johari Tun Openg is looking beyond Malaysian shores and politics. He is mapping out strategies to make Sarawak an investment destination for technology-intensive industries.

Abang Jo on how clean energy will draw tech investments

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

Unisem, Frontken, Public Bank, Maxis, Zetrix AI, TRC Synergy, IOI Corp, IOI Property, MISC,  Yinson, Microlink, APB Resources & Nestcon

Bursa Malaysia’s 20 largest technology stocks shed over RM4.46 billion in market value on Friday as a global sell-off in artificial intelligence (AI)-related counters spread to the country’s chipmakers and equipment suppliers.

Global AI sell-off wipes RM4.46 bil off Bursa’s 20 largest tech stocks

Bursa Securities has directed Zetrix AI Bhd (KL:ZETRIX) to pay its delayed final dividend for the  year ended Dec 31, 2025 (FY2025) by Nov 23. The bourse regulator also asked the company to disclose material information on its financial condition and several other developments which it views with serious concern.

Bursa directs Zetrix to pay FY2025 final dividend by Nov 23, disclose info on financial condition

Malaysian shares are broadly lower as a massive overnight sell-off on Wall Street rippled over to Asian markets on Friday. The ringgit weakened.

Malaysia shares broadly lower as Wall Street rout spills to Asia

A consortium comprising MISC Bhd (KL:MISC), Yinson Holdings Bhd's (KL:YINSON) founding Lim family and the Employees Provident Fund (EPF) has submitted a formal proposal to privatise Yinson at RM2.50 per share, valuing the energy infrastructure group at RM7.31 billion.

MISC, Lim family, EPF make RM4 bil offer to take Yinson private at RM2.50 a share

Asia-Pacific rail infrastructure investment is projected to reach US$9.6 trillion by 2050, the highest of any region globally, as governments expand networks to meet rising passenger and freight demand, according to a report by PricewaterhouseCoopers (PwC).

Southeast Asia faces varied paths to rail infrastructure growth

For more than two months, Malaysia has been shrouded in cross-border haze that has grown increasingly severe. While haze is an annual occurrence in Indonesia, Malaysia, Singapore and Timor-Leste, this year’s episode has been described as the worst since 2015.

Choking fumes sweep across Malaysia

Attorney General Tan Sri Mohd Dusuki Mokhtar has sought an audience with the King, Sultan Ibrahim Sultan Iskandar, to seek forgiveness and affirm his commitment to complying with the royal decree on the conditional pardon order involving former prime minister Datuk Seri Najib Razak in the SRC International Sdn Bhd case.

Najib's conditional pardon: AG seeks audience with King

The East Coast Rail Link (ECRL) has commenced its trial operations, marking the final phase of operational readiness for commercial passenger services, which are targeted to begin on Dec 12, 2026.

ECRL begins trial operations, passenger services targeted to begin on Dec 12

The Negeri Sembilan Umno liaison committee meeting on Saturday did not discuss a no-confidence motion against Menteri Besar Datuk Ismail Lasim, said Datuk Seri Jalaluddin Alias.

No discussions of no-confidence motion against MB, says Negeri Sembilan Umno

Bank Rakyat assures customers that its banking systems and operations continue to function as usual, with personal data, banking information, and deposits remaining safe and unaffected despite temporary access disruptions.

Access disruptions: Bank Rakyat assures customer information and savings safe

The Investment, Trade and Industry Ministry (Miti) has imposed provisional anti-dumping duties ranging from 4.41% to 35.06% on imports of flat-rolled products from China, Taiwan and Vietnam, effective Saturday.

Miti imposes anti-dumping duties on flat-rolled imports from China, Taiwan, Vietnam

The Royal Malaysian Police (PDRM) on Saturday announced the transfer of 19 senior officers to several strategic positions at the state, departmental, and force levels.

PDRM shuffles 19 senior officers in major leadership changes

Real estate developers SKS Group and MB World Group Bhd have acquired the hotel block and four residential blocks situated above Capital City Mall in Tampoi, Johor Bahru, for approximately RM50 million, according to a press statement and supplementary comments on Friday.

SKS Group and MB World acquire hotel and serviced apartments above Capital City Mall in Johor for RM50m

Bank Negara Malaysia (BNM) has taken enforcement action against Najmuldin Exchanger and Nusantara Global Network over suspected contraventions of the Financial Services Act 2013 (FSA).

Foreign currency services: BNM takes action against two entities for unapproved advertising

The continuation of Human Resources Minister Datuk Seri R Ramanan's appeal in the dispute between the National Union of Bank Employees (NUBE) and the Malaysian Commercial Banks’ Association (MCBA) is aimed at obtaining a Court of Appeal ruling on legal issues arising from the High Court's decision, the ministry said on Saturday.

NUBE-MCBA dispute: HR minister to continue appeal for court ruling on legal issues

Malaysia must accelerate the modernisation of its agricultural sector and improve production efficiency to strengthen food security amid growing challenges, said Agriculture and Food Security Minister Datuk Seri Mohamad Sabu.

Agricultural modernisation key to strengthening food security — Mohamad Sabu

More graduates. Where are the good jobs?

The Malaysian author weaves fact and fiction together in a narrative set during WWII and the Malayan Emergency.

Viji Krishnamoorthy's second novel 'Agnès' draws from family and national history

Philip Morris International's global travel retail VP Beste Ermaner shared some market insights at the annual global summit and trade show in Cannes.

TFWA World Exhibition & Conference 2026 reveals what jet-setters are looking for today

The 33-piece fine jewellery oeuvre is inspired by the late cultural historian Azah Aziz’s sartorial legacy, drawing from her book 'Malay Textiles and Costumes: Form and Style'.

Suen’s latest Tita collection is an ode to Malaysian textiles and their motifs 

Between global premieres, collector fervour and a friendlier format, the second edition of the luxury event is fast earning a permanent spot on the horological calendar.

Bangkok Watch Week 2026 raises the bar for haute horlogerie in Southeast Asia

From glass sculptures and jewellery to paintings and textile design, the artworks are being showcased at ChinaHouse in George Town until Nov 30.

Mixed media exhibition 'Men with Plants IV' reflects on the importance of greenery and green spaces

KUALA LUMPUR (Oct 6): Two additional general partners (GPs) have been named in Jelawang Capital Sdn Bhd’s inaugural 2025 Emerging Fund Managers’ Programme (EMP) cohort, more than 15 months after the first three were announced.

Two more firms named in Jelawang’s inaugural Emerging Fund Managers’ Programme cohort

KUALA LUMPUR (Oct 6): Malaysia needs to ensure the investments it attracts translate into deeper local supply chains, higher-value jobs and greater participation by domestic companies, said UOB Malaysia CEO Datuk Ng Wei Wei.

Malaysia needs to turn foreign investment into stronger local supply chains

For much of the past two years, investors have asked when the US Federal Reserve would start cutting interest rates. After Jackson Hole, a gathering of central bankers, a more important question has emerged: are markets prepared for rates to remain higher for longer?

The message from Ja...

Pitfalls & Pitch Calls: Rate uncertainty and your portfolio

There is a peculiar feature of modern wealth. Some of the biggest things we aspire to own make surprisingly little financial sense. Take a car. In a city where ride-hailing is readily available, the mathematics of ownership can be difficult to justify once you add the purchase price, depreciation...

Wealth, by Design: Lifestyle tax: The price of the life we choose

Income funds took the spotlight for the third consecutive month. Five of the seven new funds launched from mid-August to mid-September were income or income-related funds, according to the Federation of Investment Managers Malaysia.

The seven funds were AHAM Shariah Gold Tracker Ringgit...

Funds: Seven funds launched from mid-August to mid-September

Tokenisation, the act of representing an asset or claim as a token on a distributed ledger or blockchain, has remained under the radar among local financial institutions. Until recently.

The catalyst, market observers say, came from Bank Negara Malaysia, when it launched the Digital Ass...

Cover Story: Banks shift tokenisation into higher gear

Transitioning from the entertainment industry to the food and beverage (F&B) sector is not easy, but when comedian Ajak Shiro heard his child express a desire to start a fried chicken business, he thought of making the idea a reality.

Ajak, whose real name is Mohd Hanaffi Razak, loo...

Private Deal: Celebrity-founded nasi padang restaurant chain Bumbu Babah aims to raise RM20 mil

Two veterans of Malaysia’s start-up and investment ecosystem — entrepreneur and investor Sivapalan Vivekarajah and former Pitch Platforms Sdn Bhd (pitchIN) chief operating officer Xelia Tong — are launching a RM50 million debut venture fund.

Main Market-listed automotive replacement-par...

Venture Capital: Cypress Asia launches RM50 mil debut venture fund with New Hoong Fatt as anchor investor

Halogen Capital, the country’s first licensed digital asset fund manager, is in the process of launching Malaysia’s first digital currency exchange-traded fund (ETF).

Its founder and CEO Hann Liew says the firm is preparing a shariah-compliant Bitcoin ETF, potentially giving millions of...

TheWall: Halogen aims to go mainstream with ETF, starting with digital assets

KUALA LUMPUR (Sept 25): Khazanah Nasional Bhd’s venture capital fund-of-funds, Jelawang Capital Sdn Bhd, has appointed Howard Soh as CEO, effective Oct 1.

Soh’s appointment comes about 15 months after former CEO Bryan Lim left Jelawang and its parent, Khazanah, at the end of June 2025, ...

Jelawang Capital appoints new CEO Howard Soh after long vacancy

There’s something rotten in the state of Denmark. For Manchester United fans, the scale and all-encompassing nature of the club’s decline is becoming Shakespearean. For the rest of football, it may be a welcome diversion from the very different demise of neighbours, Manchester City, but for ABUs ...

Business Of Sports: Even Fergie cannot escape blame for United’s doom loop

Much of the world has been bemused by US President Donald Trump’s expectation of the Nobel Peace Prize. While aggressive towards most of the world, friend and foe alike, he has treated hostile nuclear powers more respectfully.

War is peace!

One needs more than George Orwell ...

My Say: Why Trump expects the Nobel Peace Prize

I became a Liverpool fan in the mid-1990s in large part due to Robbie Fowler, a player so gifted and beloved that he earned the nickname “God”. But starting my fandom in the mid-1990s means I missed the glory years of the 1980s. Like every Liverpool fan, I was starving for a first league title si...

My Say: Breaking ‘unfair’ rules: Manchester City and the Premier League

Governments around the world say they have no room to act. Although inequality and the cost of living are rising, fiscal space, we are told, is tight. Yet in many cases, the squeeze is self-imposed. It follows from equating fiscal responsibility with cutting deficits and debt, rather than with bu...

The Visible Hand: Public control for a purposeful economy

Cover Story: HeiTech Padu: Collaboration with Zetrix AI for NIISe project lapsed

IN 2017, Wong Thean Soon debuted at 33 on Forbes’ list of Malaysia’s richest with a net worth of US$330 million, based on his shareholdings in My E.G. Services Bhd, since renamed Zetrix AI Bhd (KL:ZETRIX).

Forbes said of Wong and Zetrix AI back then, “In 2000, he launched MyEG Services ...

Cover Story: What’s left in Zetrix AI?

ZETRIX AI Bhd (KL:ZETRIX) has become a rudderless ship given its highly fragmented shareholding structure.

Beyond the forced sell-down of its shares held by its managing director Wong Thean Soon, several other shareholders have sold down their holdings, according to the latest sharehold...

Cover Story: Rudderless, with no clear controlling shareholder

SoftBank Group Corp and ABB Ltd are looking at carving out the Chinese part of a giant robotics deal as they explore ways to salvage a transaction blocked by Beijing, according to people familiar with the matter.

SoftBank, ABB said to consider China carve-out to salvage robotics deal

US Secretary of State Marco Rubio is weighing whether to leave the Trump administration, people familiar with the matter said, as he considers his next moves following Republicans’ midterm elections wipeout this week.

Rubio said to weigh leaving administration after Republicans' midterm loss

US President Donald Trump named long-time aide Stephen Miller as his chief of staff on Friday, giving the architect of some of his toughest domestic policies one of the most powerful jobs in Washington after Republicans lost control of Congress.

Trump makes hard-liner Stephen Miller his chief of staff after midterm defeat

New Zealand's ruling centre-right National Party and main opposition Labour were running neck and neck as counting began in the nationwide general election, but early projections showed the incumbent coalition would win enough seats to retain power.

New Zealand polls: Early count shows tight race but ruling centre-right National Party ahead in projections

Schroders plc is planning to sell off some of its real estate assets in Singapore, having appointed a pair of brokers to raise around S$220 million (US$172 million or RM697 million) from the sale of a mall, according to people familiar with the matter.

Schroders said to seek mall sale in bid to offload Singapore properties

OpenAI has closed on new funding of roughly US$11 billion (RM44.7 billion), the initial part of a round that values the company at US$1.25 trillion, according to people familiar with the matter.

OpenAI completes US$11 bil portion of funding at US$1.25 tril value

A stronger-than-expected US jobs report bolstered the case for further Federal Reserve (Fed) interest rate hikes, which had lost some momentum amid a post-election stock market sell-off and growing fears that weaker artificial intelligence (AI)-driven demand could undercut the economy.

Fed policymakers consider rate hike after strong jobs report

US intelligence officials told the Trump administration that a woman who had become close to Nvidia Corp chief executive officer Jensen Huang was working for a Chinese spy agency, which recruited her to collect information on him, The New York Times reported on Friday.

‌‌

‌
‌