<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 2): Bursa Malaysia Bhd and its subsidiaries will be closed on Monday, Aug 12, 2019, in lieu of Hari Raya Aidiladha which falls on Sunday, Aug 11, 2019.</div>

<div class=newsTextDataWrapInner>In a statement, the local bourse said operations will resume on Tuesday, Aug 13, 2019.</div>
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Bursa Malaysia Bhd and its subsidiaries will be closed on Monday, Aug 12, 2019, in lieu of Hari Raya Aidiladha which falls on Sunday, Aug 11, 2019.

Bursa Malaysia to close on Aug 12 in lieu of Hari Raya Aidiladha

After pouring record sums of money into the 2024 US elections, the cryptocurrency industry is hopeful — if not certain — of a newly friendly reception from DC policymakers after what it perceived to be a hostile environment in the Biden administration.

Trump 2.0: Crypto bet big on Trump in 2024. Can it cash in?

The market for US initial public offerings (IPOs) is opening up following the election, according to New York Stock Exchange (NYSE) president Lynn Martin.

“The activity is real,” Martin said in a Bloomberg TV interview from Davos, Switzerland on Wednesday. “Deals are now getting on the road, they’re making plans to IPO either in the coming days and weeks or in quarters or second half of the year.”

NYSE president Martin says more companies are pursuing US IPOs

The Swiss National Bank’s (SNB) actions in the currency market were previously successful and officials won’t shirk from resorting to that tool again if needed, according to President Martin Schlegel.

Switzerland’s central bank chief, speaking to Bloomberg Television in Davos on Wednesday, also reiterated his position that policymakers will also return borrowing costs to below zero again if circumstances require it.

SNB will not avoid intervention because of Trump, says Schlegel

CapitaLand Malaysia Trust (KL:CLMT) posted a 15% year-on-year increase in its fourth quarter net property income (NPI) on higher revenue contribution from the majority of CLMT’s properties, supported by stronger retail sentiment.

CapitaLand Malaysia Trust posts record net property income of RM264 mil in FY2024

Prime Minister Datuk Seri Anwar Ibrahim emphasised that the Global South, such as BRICS, has to take a stand because the international financial structure through the International Monetary Fund (IMF) and the United Nations need to reform.

WEF 2025: Global South must push for international structural reforms — Anwar

Investors willing to go against the market in the coming months should consider selling US technology stocks and private credit, while boosting holdings in China, according to the head of Norway’s US$1.8 trillion (RM8.0 trillion) sovereign wealth fund.

CEO of Norway's US$1.8 tril fund sees contrarian bet in US tech

EVENING 5: BNM keeps OPR unchanged

President Donald Trump pulled the US out of a key climate pact, threatening billions of dollars in support to developing nations.

Trump’s decision to renege on the US International Climate Finance Plan and exit the Paris Agreement halts much-needed financial assistance to help developing countries adapt to a warmer planet and curb carbon emissions.

Trump's climate pullback endangers crucial funds for poor nations

The importance of governance and leadership accountability in Malaysia are among the top priorities of the Madani administration, said Prime Minister Datuk Seri Anwar Ibrahim.

He made this statement, noting that many nations have been destroyed due to the arrogance and corruption of their leaders, while emphasizing that effective leadership must be grounded in humility and a commitment to tackling corruption head-on.

Governance, leadership accountability top priorities of Madani adminstration — Anwar

Prime Minister Datuk Seri Anwar Ibrahim reiterated Malaysia’s commitment to the Paris Agreement, highlighting the country’s willingness to take bold and tough measures to value humanity and preserve sustainability.

Malaysia still committed to Paris Agreement despite US exit from climate pact — PM

Malaysia's currency hit a six-week high and stocks advanced for a fourth straight session on Wednesday ahead of a central bank policy decision, while a gauge of emerging Asian equities reversed course weighed by China on US tariff plans.

Ringgit extends gains as BNM holds rates; China stocks drag 

MIDF Research said&nbsp;the recent selldown of data centre-linked construction stocks&nbsp;may have been overdone as it sees the US’ AI chip export restrictions having minimal impact on data centre operations here.

In a note, MIDF Research said this prompted&nbsp;its upgrade on&nbsp;Sunway Construction Group Berhad (KL:SUNCON) to a “buy”, from “neutral”.

MIDF says selldown on data centre-related stocks overdone, upgrades SunCon

KUALA LUMPUR (Jan 22): Malaysia’s property market is now showing signs of improvement that will lift Malaysian banking stocks under pressure from uncertainties over data-centre outlook, according to CIMB Securities.

CIMB Securities: Malaysian property market now showing signs of improvement that will lift banking stocks

KUALA LUMPUR (Jan 22): TechStore Bhd, which provides hardware and software to businesses, has fixed its initial public offering (IPO) price at 20 sen per share ahead of its listing on the ACE Market of Bursa Malaysia.

Enterprise hardware and software firm TechStore sets IPO price at 20 sen

Arina, Sime Darby Property Bhd’s (KL:SIMEPROP) first single-storey linked homes in Bandar Ainsdale, achieved full take-up of all 118 units within hours of its launch on Saturday, Jan 18.

Sime Darby Property’s Arina single-storey homes in Bandar Ainsdale fully taken up within hours of launch

Founders of FashionValet Sdn Bhd Datin Vivy Yusof and her husband Datuk Fadzarudin Shah Anuar have been charged with the misappropriation of RM8 million from Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB), belonging to the company.

FashionValet founders claim trial to alternative charges of fund misappropriation

Analysts are positive on Sunway Real Estate Investment Trust’s (KL:SUNREIT) acquisition of AEON Mall Seri Manjung in Perak, prompting revisions of their earnings forecasts.

Analysts raise Sunway REIT earnings forecasts after AEON Mall acquisition in Perak

SRC International Sdn Bhd’s former director Datuk Suboh Md Yasin told the High Court on Wednesday that he signed four blank cheques that led to RM19.5 million going to Umno and Umno Selangor.

Former SRC director says he signed blank cheques, didn’t know payments were to Umno

A fugitive banker accused of orchestrating a US$1 billion (RM4.45 billion) fraud in Moldova appears to be helping Russian lenders and businesses to continue conducting foreign trade amid payment problems caused by sanctions.

Fugitive banker may be helping Russian firms beat US sanctions

KUALA LUMPUR (Jan 22): Bank Negara Malaysia (BNM) on Wednesday kept the benchmark interest rate unchanged as widely expected, comfortable with its outlook for sustained economic growth and manageable inflation.

BNM keeps OPR steady, takes comfort in sustained growth

Datuk Seri Najib Razak denies seeking royalties from the Middle East to help stepson Riza Aziz over his alleged entanglement with 1Malaysia Development Bhd (1MDB) funds, the court heard on Wednesday.

Najib says stepson was already servicing loan from Emerati prince, phone call only to formalise agreement

The public portion of ACE Market-bound Northern Solar Holdings Bhd’s initial public offering (IPO) has been oversubscribed by 73.2&nbsp;times.&nbsp;

Northern Solar's IPO oversubscribed by 73.2 times

The&nbsp;industrial subsector&nbsp;is expected to continue&nbsp;its positive trend&nbsp;in 2025,&nbsp;according to&nbsp;Henry Butcher Malaysia&nbsp;chief operating officer Tang Chee Meng. The Henry Butcher Perspective — Malaysia Property Outlook 2025 report, which was&nbsp;launched&nbsp;on Wednesday, noted that&nbsp;the&nbsp;volume of industrial transactions in the first nine months of 2024 (9M2024)&nbsp;increased by 6.5%, while the value rose 22.8%.

Henry Butcher: Malaysia's industrial subsector to continue strong performance

HSBC Bank Malaysia Bhd has officially opened its flagship wealth centre in&nbsp;Menara IQ at the Tun Razak Exchange (TRX), Malaysia’s international financial hub,&nbsp;to serve its high-net-worth clients.

HSBC Malaysia opens flagship wealth centre at TRX to serve high-net-worth clients

KUALA LUMPUR (Jan 22): Mah Sing Group Bhd’s (KL:MAHSING) proposed acquisition of land in Sentul, its first deal of the year, is being done at fair and attractive&nbsp;valuations, analysts said.

Mah Sing's first land deal in 2025 is fair and attractive, analysts say

Export-Import Bank of Malaysia Bhd (EXIM Bank) has filed a lawsuit against instant coffee manufacturer Power Root Bhd (KL:PWROOT), seeking RM7.39 million over an alleged loan default.

According to Power Root’s filing with Bursa Malaysia on Wednesday, EXIM Bank is demanding repayment of RM675,509.22 for funds disbursed to its subsidiaries, namely Power Root (M) Sdn Bhd (PRM), Power Root Manufacturing Sdn Bhd (PRMFG) and Power Root ME Free Zone Company (PRME).

Power Root sued by EXIM Bank over RM7.4 mil loan default

President Donald Trump faces a host of headwinds that could thwart his ability to generate a boom for the US economy, according to Harvard University professor Ken Rogoff.

Trump’s plan to trigger boom risks coming undone, Rogoff warns

Former prime minister Datuk Seri Najib Razak claimed that he was being prosecuted for "being transparent" on how he spent the purported donation from the Middle East.

The now-imprisoned 71-year-old, said that he could have easily utilised the donation monies in the form of cash but did not do so and specifically used cheques because he knew it would be documented.

1MDB-Tanore trial: Najib denies abusing funds, says used cheques to be 'transparent'

Over the past two years, the Biden administration struck a careful balance on artificial intelligence. The White House took steps to ensure the US stayed ahead of China in developing the technology while also trying to address some of AI’s many potential risks.

Trump pushes to make US an AI superpower, with fewer guardrails 

Malaysia’s international reserves fell by US$700 million by mid-January this year, from a fortnight earlier, according to Bank Negara Malaysia (BNM).