<div class=newsTextDataWrapInner>SINGAPORE (Sept 6): Facebook is joining the likes of other technology giants to build data centres in Singapore.</div>

<div class=newsTextDataWrapInner>The social media giant is building a S$1.4 billion 11-storey data centre here, its first in Asia and 15th in the world.</div>

<div class=newsTextDataWrapInner>Google has invested at least US$850 million (S$797 million) to build two data centres in Singapore. Alibaba has three data centres here, which it... <a href="https://www.theedgesingapore.com/facebook-build-14-billion-data-centre-singapore" target="_blank">(Click here to read the full story)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Sept 6): Facebook is joining the likes of other technology giants to build data centres in Singapore.

The social media giant is building a S$1.4 billion 11-storey data centre here, its first in Asia and 15th in the world.

Google has invested at least US$850 million ...

Facebook to build S$1.4b data centre in Singapore

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

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.

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

Sarawak Consolidated Industries Bhd (KL:SCIB) has denied allegations by Awana JV Suria Saga Sdn Bhd (Awana), the developer of the previously scrapped RM162 million Perak housing project, regarding outstanding debts and demanded the latter to settle the debt promptly.

SCIB denies developer's allegations over debt repayment, demands debt settlement

Co-founder of Cocoaland Holdings Bhd Lau Pak Lam has raised his stake in loss-making digital payment solutions provider PUC Bhd (KL:PUC) to 5.041% from 4.26%.

Lau acquired 8.1 million shares in the ACE Market-listed company on the open market last Thursday (Jan 23), bringing his total shareholding to 140.1 million shares, according to PUC’s filing with Bursa Malaysia.

Cocoaland co-founder Lau Pak Lam raises stake in PUC to 5.04%

A financial consultancy firm suspected of orchestrating a personal loan fraud syndicate manipulated the turnaround time during the loan approval process by banks.

Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki explained that banks typically take three to five days to approve personal loans.

Ops Sky: Personal loans approved by manipulating turnaround time — Azam Baki

Malaysia has become the first country to enable telecommunications companies (telcos) to collaborate in implementing the 6-Way Multi Operator Core Network (6-Way MOCN), says Communications Minister Fahmi Fadzil.

He said the implementation of the 6-Way MOCN aimed to improve connectivity, particularly in areas with limited internet coverage.

Malaysia first to implement 6-Way Multi Operator Core Network

Property developer Symphony Life Bhd (KL:SYMLIFE) has emerged as the largest shareholder of Vizione Holdings Bhd (KL:VIZIONE) with a 25.88% stake, after subscribing to the entire private placement by Vizione.

Symphony Life emerges as Vizione’s largest shareholder in RM12m deal

KUALA LUMPUR (Jan 27): Bursa Malaysia Bhd (KL:BURSA) announced that it has appointed Datuk Fad’l Mohamed as its new chief executive officer, effective March 1, with the retirement of Datuk Muhamad Umar Swift, who has served as CEO since February 2019.

Bursa names RHB wholesale banking MD Fad’l Mohamed as new CEO as Umar Swift retires

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.

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

Last Thursday, YTL Power International Bhd (KL:YTLPOWR) announced a proposal for a bonus issue of warrants on the basis of one warrant for every five existing shares held. The exercise price of the warrants, which have a three-year tenure, has been fixed at RM2.45 — a 44% discount to its five-day volume-weighted average price.

Frankly Speaking: Multi-billion cash call at YTL group

Bursa Malaysia Bhd's (KL:BURSA) net profit for the fourth quarter ended Dec 31, 2024 (4QFY2024) rose 15.7% on improved performance in its securities and derivatives markets.

Bursa Malaysia's profit jumps 16% in 4Q, declares 26 sen dividend

ES Sunlogy Bhd, a provider of mechanical and electrical (M&amp;E) engineering services as well as renewable energy, has launched its prospectus for an initial public offering (IPO) on the ACE Market, as it seeks to raise up to RM63 million to partly fund its expansion plans.

Engineering firm ES Sunlogy launches ACE Market IPO prospectus, aims to raise RM63m

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;

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

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.

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

UEM Group Bhd acquired 1.5 million shares in Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) at RM10.96 per share on Friday, Jan 24.

In a note on Monday, AmInvestment Bank Bhd, on behalf of Gateway Development Alliance Sdn Bhd, Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd and GIP Aurea Pte Ltd (joint offerors), said the transaction is part of the ongoing takeover process initiated by the joint offerors to acquire all remaining ordinary shares in MAHB that they have not already held.

UEM acquires 1.5 mil MAHB shares at RM10.96 per share

KUALA LUMPUR (Jan 27): YNH Property Bhd (KL:YNHPROP) announced on Monday that the independent review of its joint venture (JV) and turnkey contracts, conducted by Messrs UHY, is expected to be completed and issued by Feb 15, 2025.

YNH Property expects independent review of JV and turnkey contracts to be completed by Feb 15

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;

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

THE Ace Market-bound café operator Oriental Kopi Holdings Bhd (KL:KOPI) has garnered significant attention within the investing community due to its robust financial performance in the first four years of operation.

Since the opening of its outlet in Johor in 2020, the food and beverage...

IPO Watch: Oriental Kopi’s listing — the talk of the town 

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.

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

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.

China promises to take back illegal migrants after Trump threats

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.

China’s DeepSeek tops iPhone downloads and spurs Asia stocks

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.

BNM promotes Madelena Mohamed to assistant governor

Kenanga Research said Genting Plantations Bhd's (KL:GENP) proposed disposal of its Melaka land is accretive in nature and outweighs the loss of crude palm oil (CPO) income from the estate.

Genting Plantations to get earnings boost from RM334m Melaka land sale — Kenanga 

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

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

MMAG Holdings Bhd (KL:MMAG) announced on Monday that it is acquiring a second Boeing B737-400SF aircraft from Japan-based JPA No 161 Co Ltd (JPA) for US$6.55 million (RM29.12 million) in cash.

MMAG buys another aircraft from Japan-based JPA for RM29.12m 

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.

ES Sunlogy eyes LSS5+ to expand solar farm portfolio

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.