<div class=newsTextDataWrapInner><p>Ho Chi Minh City (Oct 26): Ho Chi Minh City (HCMC) government instructs its transport dept to direct ride-hailing services Uber, Grab and transport firms to suspend additions of new automobiles of 9 seats or less, newspaper reports, citing info from local authorities.</p></div>

<div class=newsTextDataWrapInner><p>* Severe traffic congestion in city attributed partly to rapid increase in Uber, Grab fleets, which amount to tens of thousands of vehicles: newspaper cites HCMC transport dept</p></div>

<div class=newsTextDataWrapInner><p>* Suspension in place until Ministry of Transport reviews pilot program on ride-hailing services and reports to premier: newspaper cites HCMC government</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>* NOTE: HCMC traffic now includes more than 7m motorcycles, about 1m automobiles: Saigon Times reports Oct. 26, citing data from city’s transport dept<br />
&nbsp;</p></div>


Ho Chi Minh City (Oct 26): Ho Chi Minh City (HCMC) government instructs its transport dept to direct ride-hailing services Uber, Grab and transport firms to suspend additions of new automobiles of 9 seats or less, newspaper reports, citing info from local authorities.

* Severe traffic c...

Grab, Uber ordered to stop Vietnam service expansion

The World Health Organization (WHO) called on the US to reconsider President Donald Trump’s decision to exit the agency, suggesting the move could undermine global health security.
 
The planned departure would leave the WHO scrambling to replace its top donor, which contributed US$1.3 billion (RM5.84 billion) to the organisation between 2022 and 2023. Without US funding, work that the WHO carries out on containing diseases such as HIV, polio and Ebola as well as a recent outbreak of lethal Marburg virus could be at risk.

WHO urges Trump to reconsider US exit

The Johor-Singapore Special Economic Zone (JS-SEZ) is one of a kind and a phenomenal move between Malaysia and neighbouring Singapore, Prime Minister Datuk Seri Anwar Ibrahim emphasised on Tuesday.

“There is an element of trust in working together on a joint programme that will benefit one another.

Johor-Singapore Special Economic Zon is one of a kind, phenomenal — Anwar

China is ready to collaborate with Malaysia to promote East Asian cooperation and regional economic integration during Malaysia’s Asean chairmanship 2025, China’s Consul-General in Penang, Zhou Youbin, said. 

He stated that China is also willing to work with Malaysia to maintain the trend of regional development cooperation and contribute to regional and global peace and stability.

China to work with Malaysia, promote East Asian cooperation and regional economic integration

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the provision of free toll during festive seasons does not solve traffic congestion on toll highways.

He said it was important for road users to change their behaviour and plan their trips when the festive season arrives.

Free toll during festive seasons does not solve traffic congestion on highways — Ahmad Zahid

The Sukhoi Su-30MKM Service Life Extension Programme (Slep) by local company, Aerospace Technology Systems Corporation (ATSC) will ensure the aircraft will operate well and be used for another decade.

Defence Minister Datuk Seri Mohamed Khaled Nordin said ATSC has conducted Service Life Extension and Preventive Restoration Works/Overhaul to ensure that aircraft could operate longer and would ensure that Royal Malaysian Air Force (RMAF) aircraft were at optimum levels and reduce expenditure compared to sending the aircraft to Russia.

Service life extension programme ensures Sukhois will fly for next decade

Sabah PKR is confident that the issue regarding the position of the Sabah Pakatan Harapan (PH) chairman will not affect the coalition's unity and cooperation in facing the next state election. 

Sabah PKR chairman Datuk Mustapha Sakmud said the issue is technical in nature and the decision on the position should be determined by the PH Presidential Council, the coalition's highest committee comprising PKR, DAP, Amanah and the United Kinabalu Progressive Organisation (Upko).

Sabah PKR confident state PH chairman issue will not affect coalition unity

The European Union (EU) is working on a proposal for bloc-wide purchase incentives for electric vehicles (EVs) to support the bloc’s struggling automakers, German Chancellor Olaf Scholz said on Tuesday.

Speaking at the World Economic Forum (WEF) in Davos one day after US President Donald Trump took office, Scholz said Europe’s response to a growing number of global challenges must be an economically stronger Europe with more competitive industry and less bureaucracy.

Scholz says EU is preparing bloc-wide incentive plan for EVs

The Royal Malaysian Customs Department (JKDM) has launched a comprehensive job rotation programme as a strategic initiative to enhance governance effectiveness and reduce integrity risks, particularly at high-risk locations. 

Director-general Datuk Anis Rizana Mohd Zainudin said the programme aligns with public sector reforms and is designed to enhance the competence, productivity, and integrity of JKDM personnel.

Customs Dept implements job rotation to strengthen governance, integrity

Wall Street's main indexes edged up on Tuesday, as investors assessed President Donald Trump's executive orders after taking office, while awaiting his first move on trade policy.

Trump did not lay out any concrete plans on the universal tariffs and additional surcharges on close trade partners as previously promised, but said he was thinking about imposing duties on Canadian and Mexican goods as early as Feb 1.

Wall St edges higher with focus on Trump's trade policy

Prime Minister Datuk Seri Anwar Ibrahim held high-level meetings with business leaders from six multinational companies (MNCs) including AstraZeneca, Fortescue, DP World, Medtronics, Nestle and Google.

Arranged by the Ministry of Investment, Trade and Industry (Miti), the one-on-one meetings took place on the sidelines of the World Economic Forum (WEF) Annual Summit 2025 at the Mountain Plaza Hotel, here, where Anwar, who is also the finance minister, led the Malaysian delegation.

Anwar meets six MNCs including Google, Nestle on the sidelines of WEF 2025

<p>THE days of “super big profits” once enjoyed by Sime Darby Bhd (KL:SIME) in China’s car market are over, but the automotive and industrial equipment trading company remains confident in its long-term prospects.</p>

<p>Executive director and group CEO Datuk Jeffri Salim Davidson still believes ...

Special Report: China’s car-making juggernaut keeps Sime Darby CEO up at night

<p>The two sons of former prime minister Tun Dr Mahathir Mohamad have together declared assets worth RM1.2 billion to the Malaysian Anti-Corruption Commission (MACC), <em>Bloomberg </em>reported on Tuesday.&nbsp;</p>


Mahathir's two sons declare RM1.2 bil assets to MACC — Bloomberg

<p>KLANG (Jan 21): Section 2 of the West Coast Expressway (WCE) will be opened to traffic starting midnight on Wednesday (Jan 22), which will complement Port Klang as the largest logistics hub in Southeast Asia.</p>


Section 2 of West Coast Expressway opens at midnight, toll-free for a month

<p>A who’s who of the world’s wealthiest people surrounded US President Donald Trump as he took the oath of office — gathering a combined net worth exceeding US$1.3 trillion (RM5.8&nbsp;trillion) for the occasion.</p>


The new order: Tech billionaires worth US$1.3 tril at Trump inauguration

<p>The government is reviewing a more targeted approach to assist the public, replacing the method of providing toll-free travel during festive seasons, said Works Minister Datuk Seri Alexander Nanta Linggi.</p>


No more toll-free travel during festive seasons — minister

<p>YNH Property Bhd (KL:YNHPROP) is disposing of a two-storey shopping centre, AEON Mall Seri Manjung in Perak, to Sunway Real Estate Investment Trust (KL:SUNREIT) for RM138 million. &nbsp;</p>


YNH to sell AEON Mall Seri Manjung to Sunway REIT for RM138m

<p>Former prime minister Datuk Seri Najib Razak insisted that 1Malaysia Development Bhd (1MDB) benefitted the nation despite the crippling debt forced upon it, according to his court testimony on Tuesday.</p>


Najib maintains 1MDB benefitted country, despite overwhelming debt

<p>Pansar Bhd (KL:PANSAR) has secured a RM477.69 million highway construction job from the Sarawak Public Works Department.</p>

<p>The contract, awarded to its wholly owned subsidiary Perbena Emas Sdn Bhd via an invited tender, involves the design and construction of the Serian-Gedong-Samarahan dual carriageway highway.&nbsp;</p>


Pansar bags RM478 mil highway construction job in Sarawak

<p>Oil and gas pipes supplier&nbsp;Saliran&nbsp;Group Bhd has entere<wbr />d into an underwriting agreement with Malacca Securities, in conjunction with its initial public offering (IPO) on the ACE Market of Bursa Malaysia.&nbsp;&nbsp;</p>


Saliran Group inks underwriting agreement with Malacca Securities for ACE Market IPO

<p>Datuk Seri Najib Razak does not appear to see anything wrong with getting updates on the then-ongoing investigations into 1Malaysia Development Bhd (1MDB) scandal.</p>


Najib sees nothing wrong with getting updates on investigations involving him

<p>Data centre-related stocks and proxies to artificial intelligence (AI) on Bursa Malaysia rebounded on Tuesday, driven by expectations of gradual approach to tariff policies by the new Donald Trump’s US administration.&nbsp;</p>

<p>Trump's future policies are expected to be less aggressive compared to his previous term, with the possibility of reversing some of the restrictions imposed by Joe Biden, said Rakuten Trade head of research Kenny Yee.</p>


Data centre-linked stocks, AI proxies rebound amid expectations of Trump’s gradual tariff implementation 

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday</p>


MRCB, MNRB, CIMB, Pansar, Yinson, Mah Sing, YNH, Sunway REIT, Alpha IVF, KIP REIT, UOA REIT, Taghill, KTI Landmark 

<h2>Notable filings</h2>

<p>From Dec 30, 2024, to Jan 3, notable filings on shareholding changes at Bursa Malaysia-listed companies include those at <strong>Berjaya Corp Bhd</strong> (KL:BJCORP) which saw Kossan Holdings Sdn Bhd cease being a substantial shareholder of the consumer conglomerate.<...

Insider Moves: Berjaya Corp Bhd, Sunway Bhd, HIL Industries Bhd, Mestron Holdings Bhd, Malakoff Corp Bhd, Velocity Capital Partner Bhd 

<p>Malaysia's automotive sector total industry volume is expected to normalise to a three-year low of 780,000 units this year, according to the Malaysian Automotive Association’s (MAA) projection, having hit a record 816,747 units in 2024.</p>


MAA sees 2025 vehicle sales at three-year low after 2024 TIV hits new record

<p>For President Xi Jinping, the stage was set for an explosive start to Donald Trump’s presidency, after he campaigned on a promise to punish China with tariffs. Instead, the American leader’s first day back in office bought Beijing some unexpected breathing room.</p>


Xi dodges early Trump tariffs, buying China time to influence US

<p>GAMUDA Land, the property arm of Gamuda Bhd (KL:GAMUDA), is aggressively expanding its footprint in Vietnam, acquiring its eighth project there, this time in the Le Chan district of Hai Phong City, Vietnam’s third largest, just 1½ hours from Hanoi.</p>

<p>The 2.7-acre land, worth RM175.4 milli...

Gamuda Land’s 8th project in Vietnam leverages two-decade experience and strong property demand

<p>Bitcoin held a retreat from a record as traders awaited crypto policy directives from US President Donald Trump following his inauguration.&nbsp;</p>


Crypto market in limbo as Trump omits sector from day one orders

<p>KIP Real Estate Investment Trust&nbsp;(KL:KIPREIT) posted a 28.9% rise in net property income (NPI) for the second quarter on better performance of its malls, bolstered by newly acquired retail assets, Cyberjaya mall D’Pulze and Perak hypermarket TF Value.</p>


KIP REIT's 2Q net property income up 29% bolstered by newly acquired retail assets

<p>Malakoff Corporation Bhd (KL:MALAKOF) will likely see a weaker fourth quarter, as fuel margin losses from falling coal prices may prompt the power company to book higher provisions, said AmInvestment Bank.</p>


Malakoff likely to see weaker 4Q on fuel margin losses, AmInvestment flags

<p>KUALA LUMPUR (Jan 21): Retailers at the Battersea Power Station, Malaysia's largest investment involving public funds in Europe, saw a sales growth of 13.4% in November and December 2024, compared to the same festive trading period in 2023.</p>
