<div class=newsTextDataWrapInner>KUALA LUMPUR (June 13): Felda Global Ventures Holdings Bhd's (FGV) board of directors has served show cause letters on its group president and chief executive officer Datuk Zakaria Arshad and group chief financial officer Ahmad Tifli Mohd Talha, after they were forced to go on leave last Tuesday.</div>

<div class=newsTextDataWrapInner>This is in relation to the long outstanding debt of Safitex Trading LLC with FGV's subsidiary Delima Oil Products Sdn Bhd, FGV said in a filing with Bursa Malaysia today.</div>

<div class=newsTextDataWrapInner>"They have been given seven days from today to provide a written reply pertaining to the allegations mentioned in the show-cause letters and shall continue to be on leave of absence until further notice from the board," FGV said in its filing.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>FGV shares closed 7 sen or 4.22% higher at RM1.73 today, with 48.64 million shares done, bringing its&nbsp;market capitalisation to RM6.31 billion.</div>

KUALA LUMPUR (June 13): Felda Global Ventures Holdings Bhd's (FGV) board of directors has served show cause letters on its group president and chief executive officer Datuk Zakaria Arshad and group chief financial officer Ahmad Tifli Mohd Talha, after they were forced to go on leave last Tuesday....

FGV's chief Zakaria, CFO get show cause letters

The High Court here has allowed an ad interim stay on a RM415.5 million fine imposed by the Malaysia Competition Commission (MyCC) on five feedmillers pending filing of affidavits and submissions in relation to its judicial review against the fine.

Judge Datuk Amarjeet Singh Serjit Singh gave the ad interim stay as lawyer for MyCC, Jason Teoh from Jason Teoh & Partners, had said that they would submit an affidavit to show that the fine the five feedmillers are required to pay will not affect the poultry industry as they claim.

High court grants feedmillers temporary stay of RM415.5 mil fine imposed by MyCC

PUTRAJAYA (Jan 2): Initiatives under the 12th Malaysia Plan (12MP) must undergo a comprehensive review to evaluate achievements, address shortcomings, and enhance services for rural communities, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

12MP initiatives must be reviewed to identify service shortcomings — Ahmad Zahid

KUALA LUMPUR (Jan 2): Cypark Resources Bhd (KL:CYPARK) is expected to stay in red with a larger than previously expected core net loss for the current financial year, before a turnaround for the renewable energy company, analysts said.

Cypark Resources to stay in red before rebound in FY2026

Malaysia’s aviation sector has been seeing sustained recovery and growth, with air passenger traffic reaching eight million passengers in November 2024, marking a robust 15.8 % year-on-year (y-o-y) increase compared to November 2023.

Mavcom: November 2024 air passenger traffic hit eight mil, up 15.8% y-o-y

KUALA LUMPUR (Jan 2): Investment analysts have maintained a positive outlook on the banking industry, with at least one increasing its earnings forecast on stronger operating income and improved credit costs.

Analysts positive on banking sector in 2025; AMMB and CIMB are top picks

The consumer sector in Malaysia is expected to see positive growth in 2025, driven by a combination of wage increases, rising disposable income and improved economic conditions, said Apex Securities.

Malaysia's consumer sector poised for growth in 2025 amid wage increases, economic expansion

CGS International has downgraded Petronas Chemicals Group (KL:PCG) amid potential asset impairment and ongoing losses at the Pengerang Petrochemical Complex (PPC).

CGS downgrades PetChem amid risk of asset impairment, wider losses at Pengerang

South Korean police said on Thursday they had raided Jeju Air and the operator of Muan International Airport as part of their investigation into Sunday's crash that killed 179 people in the worst aviation disaster on the country's soil.

South Korea police search Jeju Air, airport operator over fatal plane crash

The Malaysian ringgit will strengthen further this year, supported by moderate global growth, stable oil prices and strong export demand, according to KSI Strategic Institute for Asia Pacific.

Ringgit to strengthen further this year after breakout in 2024 — think tank

As Asean solidifies its standing as a powerful economic bloc with a gross domestic product (GDP) of US$3.6 trillion (RM16.16 trillion) and a population of 679 million, Malaysia’s role within this vibrant community is increasingly critical. Positioned strategically within Asean, Malaysia has the unique opportunity to leverage its economic strengths to address regional disparities, promote inclusive trade and contribute to Asean’s shared prosperity. However, while the potential is vast, the challenges are equally significant. To achieve sustainable growth, Malaysia must adopt a proactive approach, one that not only champions regional integration but also addresses the very real hurdles hindering Asean’s development.

My Say: Malaysia’s economic road map in Asean requires collaborative action

Foong Mun Kong has officially assumed the role of managing partner at KPMG Malaysia, effective Jan 1, 2025, according to a statement on Thursday.

Foong Mun Kong officially KPMG Malaysia managing partner, Johan Idris takes on non-exec chairman role

A Tesla Cybertruck exploded in flames outside the Trump International Hotel Las Vegas on Wednesday, killing the driver and injuring seven others, and the FBI was investigating whether the blast was an act of terrorism, officials said.

Tesla Cybertruck explodes outside Trump Las Vegas hotel, killing driver

The communications minister will formally end the single wholesale 5G network, based on the powers under the Communications and Multimedia Act 1998, according to a new ministerial directive sighted by The Edge.

Communications minister formally ends 5G single wholesale network, to focus on dual network

Hutchmed (China), controlled by tycoon Li Ka-shing, is selling stakes in its health subsidiary for around US$608 million (RM2.7 billion) as the billionaire and his flagship conglomerate look to ramp up capital and pivot towards core operations at the drugmaker.

Billionaire Li Ka-shing’s Hutchmed in US$608m health unit stake sales

CGS International has downgraded Petronas Chemicals Group (KL:PCG) amid potential asset impairment and ongoing losses at the Pengerang Petrochemical Complex (PPC).

Asian stocks began the year on a dour note on Thursday as they struggled for traction after a jittery close to 2024, while the US dollar charged higher and investor sentiment stayed cautious ahead of Donald Trump's return to the White House.

Asian shares get off to bumpy start in 2025 with Trump's policies in focus

The Malaysian ringgit will strengthen further this year, supported by moderate global growth, stable oil prices and strong export demand, according to KSI Strategic Institute for Asia Pacific.

Malaysia’s manufacturing sector experienced muted trends at the end of 2024, as indicated by a decline in the Purchasing Managers’ Index (PMI) to 48.6 in December, according to S&amp;P Global on Thursday.

Malaysia’s manufacturing PMI declines amid softening inflation, reduced demand — S&P Global

KUALA LUMPUR (Jan 2): Investment analysts have maintained a positive outlook on the banking industry, with at least one increasing its earnings forecast on stronger operating income and improved credit costs.

Factory activity across Asia expanded in December as domestic orders and output improved, but weaker confidence and a sustained drop in export orders point to global risks ahead.

Asia’s factories hold onto growth as Trump’s tariff threat looms

Chinese government hackers breached the US Treasury office that administers economic sanctions, the Washington Post reported on Wednesday, identifying targets of a cyberattack Treasury disclosed earlier this week.

Chinese hack of US Treasury breached sanctions office — report

South Korean police said on Thursday they had raided Jeju Air and the operator of Muan International Airport as part of their investigation into Sunday's crash that killed 179 people in the worst aviation disaster on the country's soil.

At least 10 people were killed and more than 30 injured after a pickup truck barrelled through the French Quarter in New Orleans in what authorities are describing as a deliberate act of violence during New Year’s celebrations.

Truck plows through New Orleans crowd, suspect identified

Singapore's economy grew 4.0% in 2024, accelerating from 1.1% growth in 2023, preliminary government data showed on Thursday.

Singapore economy grew 4.0% in 2024, advance estimate shows

(Jan 2):&nbsp;China looks set to miss a year-end target for boosting production of less-polluting steel, as usage rates for cleaner, newer furnaces stall and the property crisis weighs on demand and prices.

China may miss target for cleaning up largest steel industry

Casino revenues in Macau, the world's biggest gambling hub, soared by nearly a quarter in 2024 but still came in short of pre-pandemic levels, underlining the need for the former Portuguese colony to diversify its economy.

Macau 2024 casino revenues top official estimate but below pre-pandemic levels

The High Court here has allowed an ad interim stay on a RM415.5 million fine imposed by the Malaysia Competition Commission (MyCC) on five feedmillers pending filing of affidavits and submissions in relation to its judicial review against the fine.

Judge Datuk Amarjeet Singh Serjit Singh gave the ad interim stay as lawyer for MyCC, Jason Teoh from Jason Teoh &amp; Partners, had said that they would submit an affidavit to show that the fine the five feedmillers are required to pay will not affect the poultry industry as they claim.

Oil prices nudged higher on Thursday, the first day of trade for 2025, as investors returning from holidays cautiously eyed a recovery in China's economy and fuel demand following a pledge by President Xi Jinping to promote growth.

Oil rises as investors return from holidays, eye China recovery

The consumer sector in Malaysia is expected to see positive growth in 2025, driven by a combination of wage increases, rising disposable income and improved economic conditions, said Apex Securities.