<div class=newsTextDataWrapInner>Flash: Coastal Contracts secures RM444 million worth of OSV sales, order book at RM2.6 billion</div>
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Flash: Coastal Contracts secures RM444 million worth of OSV sales, order book at RM2.6 billion
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Coastal Contracts secures RM444 million worth of OSV sales, order book at RM2.6 billion

IN the wee hours of the morning on April 24, hours before the market opened at Bursa Malaysia, a WhatsApp message on Bina Puri Holdings Bhd (KL:­BPURI) was being circulated. The message read, “Bank suing, originating summons on Bina Puri. Exim RM20 million. Can’t settle.”

That Thursday ...

Cover Story: Bina Puri in the spotlight

Police have arrested Datin Seri Pamela Ling Yueh’s husband to assist in investigations over her disappearance but failed to get a remand order for him from the courts.

Police arrest husband of abducted Pamela Ling

BINA Puri-Warrant B is generally thinly traded, with periods of no transactions being a common occurrence. This trend persisted for most of the first quarter this year.

In late April, however, after seeing 12 consecutive sessions of inactivity, the warrants experienced a sudden surge in...

Cover Story: What happened in the trading of Bina Puri shares and Warrant B on April 24 

ACCORDING to the electronic records that Datuk Z provided to The Edge, the fraudulent trades were executed primarily as the market opened on March 11, targeting two Hang Seng Index put warrants: HSI-PWD4 and HSI-PWDU.

According to a public notice from their issuer — the same foreign inv...

Cover Story: How the March 11 trades made using Datuk Z’s online trading account unfolded 

Shein Group Ltd lowered US retail prices this week after the Trump administration temporarily cut duties on Chinese imports, as the online fashion retailer moves to win back consumers scared away by recent tariff-induced price hikes.

Shein lowers prices to lure back US shoppers after tariff cut

(May 15): The Malaysian government has asked Bangladesh to review and withdraw “unsubstantiated allegations” of wrongdoing in labour migration between the two countries, to improve Malaysia’s rating in an annual US report on human trafficking.

Malaysia asks Bangladesh to withdraw ‘unsubstantiated allegations’ of migrant labour probes — Bloomberg

Geely Automobile Holdings Ltd, the Hong Kong-listed unit of billionaire Li Shufu’s sprawling auto empire, said first-quarter profit surged as sales climbed and it continued on a cost-cutting drive to stay on top of China’s ultra-competitive car market.

Geely profits surge on record sales as reshuffle underway

WITHIN three minutes of the market opening at Bursa Malaysia on March 11, more than RM0.5 million worth of Hang Seng Index put warrants — HSI-PWD4 and HSI-PWDU — were purchased through an online trading account belonging to “Datuk Z”.

The problem is, he did not execute the orders. Inste...

Cover Story: How safe is online trading?

Japan’s biggest carmakers are looking at a hit of more than US$19 billion (RM81.5 billion) from US President Donald Trump’s tariffs that have left the global auto industry reeling.

The industry’s top brands warned of a weaker financial performance this year, or withheld guidance altogether, as they tallied up the potential cost of Trump’s ever-changing policies on imports of cars and auto parts. The impact is likely to linger for years as the uncertainty spurs carmakers to re-think their North American investment and production.

Analysis: Japanese carmakers face US$19b hit from Trump’s tariffs

Discussions between Malaysia and the US regarding reciprocal tariffs have so far proceeded smoothly, with many issues being resolved while some require further scrutiny, particularly those related to the country’s strategic sectors.

Malaysia-US tariff negotiations going smoothly, many issues can be resolved, says Zafrul

Sunway Real Estate Investment Trust (KL:SUNREIT) rose on Thursday to a new record high, following a strong start to 2025 with a 20% year-on-year increase in its first-quarter net property income (NPI).&nbsp;

Sunway REIT climbs to new record high after 1Q surprise

KUALA LUMPUR (May 15): MSCI Malaysia Small Cap Index’s latest rebalancing could result in selldown of up to RM146 million in the six stocks to be removed, according to CIMB Securities’ estimates.

MSCI Malaysia Small Cap Index review could result in RM146m selldown — CIMB

Stocks in Asia fell on Thursday for the first time in five sessions as the rally on Wall Street sparked by US-China trade talks showed signs of exhaustion.

Asian stocks, US futures fall as rally loses steam

Crude palm oil (CPO) prices and Malaysian palm oil refiners could see gains following Indonesia’s decision to raise its CPO&nbsp;and refined palm oil export levies, according to RHB Investment Bank.

CPO prices, Malaysian refiners may gain from Indonesia’s palm oil export levy hike — RHB

KUALA LUMPUR (May 15): Malaysian banks can absorb potential credit risks from US tariffs on borrowers, with a “hefty” RM4.86 billion management overlay — a key buffer used by banks to guard against future loan losses — serving as a shield, according to CGS International.

Malaysian banks have RM4.86b buffer to withstand credit risks from US tariffs — CGS International

Thailand's&nbsp;ambassador to Malaysia, Lada Phumas, has suggested that the East Coast Rail Link (ECRL) project, which starts in Kota Bharu, be extended to the Sungai Golok border to enhance rail connectivity between Malaysia and Thailand.

Thai envoy suggests extending ECRL to Sungai Golok to boost trade

Genting Singapore has reported earnings of S$145 million (RM479.17 million) for the first quarter ended March 31, 2025 (1QFY2025), down 41% year-on-year (y-o-y). Quarter-on-quarter (q-o-q), earnings grew 2%.

Genting Singapore’s 1Q earnings down 41% to S$145m; CEO Tan Hee Teck retires

Prime Minister Datuk Seri Anwar Ibrahim said Russia is ready to assist in an independent investigation into the downing of Malaysia Airlines flight MH17 after the United Nation’s aviation council&nbsp;blamed it&nbsp;for the tragedy.

Anwar says Putin is ready to help in independent MH17 probe

Malaysia’s national oil company Petroliam Nasional Bhd, or Petronas, said it has signed a production sharing contract for gas and condensate fields in Turkmenistan.

Petronas signs contract for natural gas production in Turkmenistan

Police have arrested Datin Seri Pamela Ling Yueh’s husband to assist in investigations over her disappearance but failed to get a remand order for him from the courts.

Oil prices lost nearly US$1 (RM4.29) in early trade on Thursday on expectations of a potential US-Iran nuclear deal, while an unexpected build in US&nbsp;crude oil inventories last week heightened investor concerns about oversupply.

Oil falls more than 1% on expectations for US-Iran nuclear deal

Wall Street’s epic rebound from April’s meltdown is showing signs of exhaustion on speculation stocks have run too fast amid risks stemming from a trade war to an economic slowdown and sticky inflation.

S&P 500 rally wavers as buyer fatigue kicks in

PUTRAJAYA (May 15): Regardless of labels attached to the 2022 purported leaked “judgement” in Datin Seri Rosmah Mansor’s graft trial, the conclusion that she was guilty in the documents raises concerns and is pertinent in the dispensing of justice, the Court of Appeal (COA) heard on Thursday.

Research or opinion, ‘leaked documents’ on Rosmah’s graft trial should not have been in judgement format, defence argues

The White House said US President Donald Trump had secured deals totalling more than US$243.5 billion (RM1.04 trillion) with Qatar, laying the groundwork for a bigger US$1.2 trillion economic pledge with the tiny Gulf country.

US announces more than US$243b in deals with Qatar

Britain plans to allow state-owned investors to own up to 15% of British newspaper publishers, the government said on Thursday, as part of media reforms that could end long-running uncertainty over ownership of the Telegraph newspaper.

UK to allow foreign states to own a 15% stake in newspapers

Starbucks Corp&nbsp;has contacted private equity firms, technology companies and others as it considers options for its China business, including a possible stake sale, according to people familiar with the matter.

Starbucks said to start process to revamp vast China business

HSBC plans to cut 348 jobs in France through a voluntary redundancy scheme, amounting to about 10% of its workforce in the country, the bank said on Wednesday.

HSBC to cut 10% of its workforce in France

KUALA LUMPUR (May 15): A total of 76 houses in Taman Matang Jaya, Sungai Buloh, Selangor, sustained various types of damage after being struck by flying gravel fragments from a nearby quarry during a blasting operation on Tuesday (May 13).

Quarry blasting causes damage to 76 houses in Sungai Buloh

Discussions between Malaysia and the US regarding reciprocal tariffs have so far proceeded smoothly, with many issues being resolved while some require further scrutiny, particularly those related to the country’s strategic sectors.

Gold may retest its record high prices before the year ends as global macroeconomic uncertainty and lower US interest rates continue to drive demand for the safe haven assets, said UBS Investment Bank.