<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Malaysia Weekly on June 26, 2017 - July 2, 2017</span></p></div><div>
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1 in 3 employees looking to quit their jobs

Malaysia has become the first country to witness the signing of a six-way 4G multi-operator core network (MOCN) sharing agreement, said Communications Minister Fahmi Fadzil.

M'sia first in world to see MNOs sign sharing agreement to enable six-way 4G multi-operator core network, says Fahmi

The policies of US President Donald Trump will fail to hold back progress in transitioning away from high-carbon energy sources, according to analysts at Citigroup Inc.

Citi analysts say Trump policies can’t reverse energy transition

Nippon Life Insurance Co will reorganise its overseas operations to better monitor risks from its recent spate of acquisitions abroad, according to people familiar with the matter.

Nippon Life to revamp overseas business after mergers, Bloomberg reports

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

Bursa Malaysia, DXN, AAX, Capital A, Ekovest, Knusford, Prolintas, YNH Property, Crescendo, Icon Offshore, MMAG, Bina Puri, SCIB, Unitrade, Symphony Life, Vizione

The median monthly wages in Malaysia's formal sector increased by 5.6% year-on-year to RM2,745 in September 2024, as reported by the Department of Statistics Malaysia (DOSM).

Malaysia’s median monthly wages up 5.6% in September 2024, official data shows

Nvidia Corp’s plunge, fuelled by investor concern about Chinese artificial-intelligence (AI) startup DeepSeek, erased a record amount of stock-market value from the world’s largest company.

Nvidia’s US$465b DeepSeek plunge is largest in market history

REDtone Digital Bhd (KL:REDTONE) has been mopping up more shares in Theta Edge Bhd’s (KL:THETA) since July last year, making it the second largest shareholder of the company.

REDtone surfaces as Theta Edge’s second-largest shareholder

US stocks dropped sharply on Monday, led by technology shares, as surging interest in Chinese startup DeepSeek's low-cost artificial intelligence (AI) model raised doubts over the sector's lofty valuations.

Tech tailspin on China's AI drive hammers Wall Street

Policymakers around the globe should not react in haste to announcements by US President Donald Trump's administration, and be prepared to argue their case, World Bank president Ajay Banga told Reuters.

Trump's first week in office has seen a flurry of executive orders and policy plans, ranging from tariffs on Canada, Mexico and China to a review on all existing foreign assistance.

World Bank president cautions against hasty reaction to Trump policies

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly higher on Monday due to expectations of weaker output, said palm oil dealer David Ng.

He said that as demand for CPO increases, buyers would compete for the limited supply, leading to higher prices.

CPO futures end mostly higher on weak output expectations

<p>SOME of the big construction names have trained their sights on the balance of the works — estimated to be worth about RM9 billion — left to be done in the Penang light rail transit (LRT) project.</p>

<p>Among those that have attended briefings by MRT Corp are MMC Engineering Sdn Bhd, Malaysia...

Big guns eye another RM9 bil in Penang LRT works

<p>The deadline for AirAsia X Bhd’s (KL:AAX) proposed RM6.8 billion acquisition of Capital A Bhd’s (KL:CAPITALA) short-haul aviation business — AirAsia Bhd and AirAsia Aviation Group Ltd — has been extended by two months.</p>


Deadline for AAX takeover of Capital A’s aviation biz extended by two months to March 24

<p>KUALA LUMPUR (Jan 27): Sabah-based steel products manufacturer Colform Group Bhd's initial public offering (IPO) has seen strong investor interest, attracting RM462.46 million worth of retail subscriptions, more than 10 times the RM41.19 million it was looking to raise from the issuance of new shares via its IPO. &nbsp;</p>


Colform's ACE Market IPO attracts over RM462 mil retail interest

<p>Shares of NationGate Holdings Bhd (KL:NATGATE) plunged to their lowest level in three months on Monday, as investors weighed on the implications of Chinese startup DeepSeek’s launch of a free open-source artificial intelligence (AI) model.</p>


NationGate hits three-month low as investors weigh China’s AI push

<p>Stock exchange operator Bursa Malaysia Bhd (KL:BURSA) expects a total of 60 new listings this year, exceeding 55 initial public offering (IPOs) recorded in 2024.&nbsp;</p>


Bursa eyes 60 IPOs for FY2025 including MMC Port, but marginally lower PBT growth amid global uncertainty

<p>China pledged to accept the return of undocumented Chinese citizens in the US, after President Donald Trump threatened to hit Colombia with tariffs of up to 50% for refusing to take back deported migrants.</p>


China promises to take back illegal migrants after Trump threats

<p>Chinese startup DeepSeek’s eponymous AI assistant rocketed to the top of Apple Inc’s iPhone download charts, stirring doubts in Silicon Valley about the strength of America’s lead in AI.</p>


China’s DeepSeek tops iPhone downloads and spurs Asia stocks

<p>Nissan Motor Co plans to repair its flailing finances without closing factories, according to people familiar with the matter, as it looks to revitalise its business before a capital tie-up with Honda Motor Co.</p>


Nissan said to plan cuts without resorting to plant closures — Bloomberg

<p>Bank Negara Malaysia (BNM) has announced the appointment of Madelena Mohamed as an assistant governor, effective Feb 1, 2025, to oversee its newly formed strategy and sustainability sector.</p>


BNM promotes Madelena Mohamed to assistant governor

<p>ES Sunlogy Bhd, set to list on the ACE Market of Bursa Malaysia on Feb 20, is participating in the large-scale solar 5+ programme (LSS5+) to expand its renewable energy (RE) portfolio.</p>


ES Sunlogy eyes LSS5+ to expand solar farm portfolio

<p>Nvidia Corp’s plunge, fuelled by investor concern about Chinese artificial-intelligence (AI) startup DeepSeek, erased a record amount of stock-market value from the world’s largest company.&nbsp;</p>


<p>A summary of how key Bursa Malaysia indices and the ringgit&nbsp;performed on Monday.</p>


FBM KLCI down 0.94% to 1,558.97 on Jan 27, 2025

<p>The proxies to artificial intelligence (AI) on Bursa Malaysia are not spared from the global selldown triggered by Chinese AI startup DeepSeek that has prompted investors to rethink the exuberant valuations in the equity markets.</p>


No lucky escape for Bursa AI proxies from DeepSeek-triggered selldown

<p>Prolintas Managers Sdn Bhd, the trustee-manager of Prolintas Infra Business Trust (KL:PLINTAS), on Monday clarified that two individuals charged with corruption linked to its sponsor Projek Lintasan Kota Holdings Sdn Bhd (Prolintas) are not related to the operations of the business trust.</p>


Prolintas Infra Business Trust distances itself from graft cases involving sponsor Prolintas' COO, project manager

<p>Ekovest Bhd (KL:EKOVEST) and Knusford Bhd (KL:KNUSFOR) have agreed to have another six months to discuss a merger deal worth RM450 million.&nbsp;</p>


Ekovest extends unit merger talks with Knusford for six more months

<p>Solarvest Holdings Bhd (KL:SLVEST), which builds solar farms for clients and also owns stakes in solar farms, is acquiring a 30% stake in Kee Ming Electrical Sdn Bhd for RM15.3 million cash.</p>


Solarvest to buy 30% stake in electrical works outfit for RM15 mil cash

<p>Johor-based property developer Crescendo Corp Bhd (KL:CRESNDO) is selling a 22.55-acre piece of land in Pulai, Johor, to Microsoft for RM119.83 million, marking its third land deal with the global tech giant.</p>

<p>Crescendo’s wholly-owned unit Panoramic Industrial Development Sdn Bhd inked a sale and purchase agreement with Microsoft's unit Microsoft Payments (M) Sdn Bhd for the land sale, according to the property developer's bourse filing on Monday.</p>


Crescendo sells third parcel to Microsoft for RM119.8 mil in Johor

<p>Saudi Arabia said it will begin allowing foreigners to invest in publicly-traded companies owning real estate in the holy cities of Mecca and Medina for the first time as the kingdom looks to draw in more overseas investment.</p>


Saudi Arabia opens foreign property investments in holy cities

<div class="ceonothumb mt-3 imgw-300 embed-right"><a class="mobx embedimg-icon" data-desc="Ka Leong: As we look to 2025, it is clear that the Malaysian property market is entering a transformative phase (Photo by Shahrin Yahya/The Edge)" data-rel="ceolightbox" href="https://myassets.theedgemalaysia....

CBRE | WTW: Future trends shaping the Malaysian property market in 2025

<p>China’s central bank injected a record amount of cash into the financial system via a new tool in January, delaying more high-profile policy easing as it prioritises stabilising the yuan.</p>
