Serba Dinamik’s chairman Datuk Mohamed Ilyas Pakeer Mohamed explains how the company’s relationship with its external auditor KPMG broke down. </div><div class=inPageAd id=div-gpt-ad-inpage>

NEWS: ‘KPMG is like a shoplot auditor’

When a company announces a rise in “adjusted earnings”, investors may welcome the headline. But what exactly has been adjusted, which costs have been excluded and how does that figure compare with the profit reported in its financial statements? These questions go to the heart of corporate transparency. A new accounting standard will demand clearer answers from 2027.

Opinion: Can accounting standard MFRS 18 curb corporate earnings spin?

Malaysia’s business landscape is dominated by micro, small and medium enterprises (MSMEs), which accounted for 96.2% of all business establishments in 2025, according to the latest figures from the Department of Statistics Malaysia (DOSM). Their prevalence underscores the importance for an enabling ecosystem to support MSMEs and mechanisms that can help viable businesses survive commercial disputes and financial distress that threatens their continued operations. As the engine of growth for entrepreneurship to thrive, MSMEs occupy a special place as the backbone of corporate Malaysia, acting as the primary engine for economic growth, innovation and widespread employment. MSMEs keeps the Malaysian economy resilient and dynamic, contributing significantly to Malaysia’s GDP.

Opinion: A second chance for businesses worth saving

The head of the FAA predicted that US air travel would not return to normal schedules until late Sunday as the aviation system gradually recovers from a nationwide flight shutdown that officials blamed on routine maintenance gone awry.

Air travel issues to persist well into Sunday, officials say, with thousands of flights affected

For his latest hospitality venture, veteran hotelier James Low unveiled a new boutique heritage guesthouse concept in Bhutan. Tshomen Paro, the inaugural property of his SoulStays brand, revolves around a concept deeply rooted in local history and folklore. It is housed in an authentic sixth-generation ancestral home and takes its design cues from the Tashi Tagye, or the Eight Auspicious Symbols of Tibetan Buddhism.

Druk ‘n’ roll

This week, City & Country's cover story is on Sime Darby Property Bhd's (KL:SIMEPROP) venture into Melbourne’s property market with the A$1.08 billion (RM3 billion) Aurum Melbourne. According to group managing director and CEO Datuk Seri Azmir Merican, the 65-storey mixed-use project will combine private residences and purpose-built student accommodation in the city’s central business district.

Maiden venture Down Under

The British government announced on Saturday that it would expand a programme to provide guaranteed jobs to young people and extend it nationwide as part of measures to address the problem of youth unemployment.

UK to expand jobs guarantee scheme for young people

UK data in the coming days may show a stabilising jobs market and inflation at a one-year high, piling pressure on the Bank of England to raise interest rates again.

BOE’s case to raise rates again may strengthen on UK price data

Elon Musk's SpaceX on Saturday carried out the first-ever recovery of a spaceship, pulling off a successful "catch" of its Starship vessel as it returned to its launch site after a day in orbit.

SpaceX pulls off first-ever spaceship 'catch'

MELAKAVOTES: Zahid confident ‘blue wave’ will continue after Melaka win

Selangor Menteri Besar Datuk Seri Amirudin Shari has reminded people in the state to be discerning and not be easily swayed by attempts from certain quarters to undermine racial harmony for narrow political interests.

Selangor folk urged not to be swayed by divisive politics — Amirudin

Melaka Pakatan Harapan (PH) has conceded defeat in the state election after winning only four of the 24 seats it contested.

PH routed in Melaka, retains just four seats

DAP bucked the so-called "blue wave" trend to retain Ayer Keroh (N.16) with a convincing majority of 5,544 votes, defying expectations of a closely contested race.

DAP bucks 'blue wave' trend to retain Ayer Keroh

Bersama, founded by former economy minister Datuk Seri Mohd Rafizi Ramli, suffered another crushing defeat in the Melaka state election, failing to win any seats but managing to retain its election deposit in one constituency.

Rafizi's Bersama falls short in Melaka but retains deposit in one seat

The Barisan Nasional (BN)-Perikatan Nasional (PN) alliance is confident that the "blue wave" will continue to sweep across the rest of Malaysia, BN chairman Datuk Seri Dr Ahmad Zahid Hamidi said after declaring a landslide victory in the Melaka state election.

Zahid confident blue wave will continue as BN-PN sweeps Melaka

French President Emmanuel Macron will undertake an official visit to Malaysia on Nov 16 and 17, marking his first trip to the country.

Macron to make first visit to Malaysia, boost bilateral ties to strategic partnership

Prime Minister Datuk Seri Anwar Ibrahim has congratulated Barisan Nasional (BN) on the mandate given by the people of Melaka.

Anwar congratulates BN on Melaka election victory

The government has approved a 99-year lease renewal for the Kuala Lumpur and Selangor Chinese Assembly Hall (KLSCAH), with the land premium fixed at a nominal RM1,000, a significant reduction from the earlier estimated premium of approximately RM4.67 million.

Govt approves 99-year lease renewal for KL-Selangor Chinese Assembly Hall, land premium set at RM1,000 — Hannah

Prime Minister Datuk Seri Anwar Ibrahim arrived here on Saturday night for the 49th Asean Summit and Related Summits, with a packed diplomatic schedule that will see him return briefly to Malaysia to receive French President Emmanuel Macron before flying back to Manila.

Anwar arrives in Manila for Asean summit, plans brief return for visit by Macron 

Selangor Menteri Besar Datuk Seri Amirudin Shari has reminded people in the state to be discerning and not be easily swayed by attempts from certain quarters to undermine racial harmony for narrow political interests.

The Italian Data Protection Authority fined Meta Platforms Inc €805 million (RM3.63 billion) for accessing photos and videos of Android users’ galleries without their explicit consent.

Italy fines Meta €805 mil over access to users’ photos

Protesters waved the French flag from the top of a Paris statue on Saturday, as demonstrators across France vented a broad range of frustrations from the rising cost of living to opposition to a new police bill.

French protesters chant against inflation and police

The Social Security Organisation (Socso) has disbursed RM20.23 million in benefits under the Non-Occupational Accident Scheme (Lindung 24 Jam) to contributors and their dependants as of Oct 31.

Socso paid out over RM20 mil under Lindung 24 Jam benefits as of Oct 31 — Khairul Firdaus

For his latest hospitality venture, veteran hotelier James Low unveiled a new boutique heritage guesthouse concept in Bhutan. Tshomen Paro, the inaugural property of his SoulStays brand, revolves around a concept deeply rooted in local history and folklore. It is housed in an authentic sixth-generation ancestral home and takes its design cues from the Tashi Tagye, or the Eight Auspicious Symbols of Tibetan Buddhism.

This week, City &amp; Country's cover story is on Sime Darby Property Bhd's (KL:SIMEPROP) venture into Melbourne’s property market with the A$1.08 billion (RM3 billion) Aurum Melbourne. According to group managing director and CEO Datuk Seri Azmir Merican, the 65-storey mixed-use project will combine private residences and purpose-built student accommodation in the city’s central business district.

When a company announces a rise in “adjusted earnings”, investors may welcome the headline. But what exactly has been adjusted, which costs have been excluded and how does that figure compare with the profit reported in its financial statements? These questions go to the heart of corporate transparency. A new accounting standard will demand clearer answers from 2027.

Malaysia’s business landscape is dominated by micro, small and medium enterprises (MSMEs), which accounted for 96.2% of all business establishments in 2025, according to the latest figures from the Department of Statistics Malaysia (DOSM). Their prevalence underscores the importance for an enabling ecosystem to support MSMEs and mechanisms that can help viable businesses survive commercial disputes and financial distress that threatens their continued operations. As the engine of growth for entrepreneurship to thrive, MSMEs occupy a special place as the backbone of corporate Malaysia, acting as the primary engine for economic growth, innovation and widespread employment. MSMEs keeps the Malaysian economy resilient and dynamic, contributing significantly to Malaysia’s GDP.

UK data in the coming days may show a stabilising jobs market and inflation at a one-year high, piling pressure on the Bank of England to raise interest rates again.

Elon Musk's SpaceX on Saturday carried out the first-ever recovery of a spaceship, pulling off a successful "catch" of its Starship vessel as it returned to its launch site after a day in orbit.

The British government announced on Saturday that it would expand a programme to provide guaranteed jobs to young people and extend it nationwide as part of measures to address the problem of youth unemployment.