<div class=newsTextDataWrapInner>GST exemption for O&amp;G firms that import rigs and floating structures from Jan 1</div>

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GST exemption for O&G firms that import rigs and floating structures from Jan 1

 
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GST exemption for O&G firms that import rigs and floating structures from Jan 1

Cypark Resources Bhd (KL:CYPARK) remained in the black for a second consecutive quarter thanks to one-off gains.

Cypark stays in the black for another quarter thanks to one-off gains

Shares of Pos Malaysia Bhd (KL:POS) jumped on Thursday to their highest in more than three months in highly active trade.

Pos Malaysia's shares surged by as much as 36% or seven sen to 26.5 sen. The stock pared some gains to settle at 25.5 sen at market close, still up 30.8 sen or six sen after 25.71 million shares changed hands. The trading volume was its biggest in a single day since November 2020.

Pos Malaysia’s stock surges 36%, trading volume rises to over four-year high

Automaker stocks around the world slumped on Thursday after US President Donald Trump said that he would impose 25% tariffs on all vehicles and foreign-made auto parts imported into the United States.

Global auto industry stocks slump as 25% tariff on US imports looms 

Tianqi Lithium Corp warned volatility in lithium product prices and growing geopolitical risks may cloud its outlook as it swung to a first full-year loss since 2020 amid a prolonged battery-metal rout.

Tianqi Lithium returns to loss as battery-metal rout lingers

Futures tracking Wall Street's main indexes were subdued on Thursday, with auto stocks set to extend losses after President Donald Trump's latest tariff salvo.

In a late-night announcement on Wednesday, Trump unveiled his plan to implement 25% tariffs on imported cars and light trucks effective next week, escalating global trade tensions.

Wall St futures muted as auto stocks slide after Trump's tariffs

Australia’s centre-left government rushed its new round of tax cuts through Parliament in the early hours of Thursday morning, as Prime Minister Anthony Albanese said the start of the 2025 election campaign is imminent.

Australia's election to be called imminently as tax cuts made law

(March 27): Bangladesh said Indian billionaire Gautam Adani’s power generation unit resumed full electricity supply to the nation, four months after halving the feed over unpaid dues.

Adani restores power supply to Bangladesh as payments resume

Norway's central bank kept interest rates on hold at a 17-year high of 4.5% on Thursday, in line with most forecasts, as an unexpected resurgence of inflation led policymakers to postpone their previously stated plan for a cut.

Norway central bank postpones rate cuts as inflation rises

Thailand has introduced an emergency decree to grant its capital markets regulator more power in its oversight and supervision after a series of corporate scandals rattled investor confidence.

Thailand to give market regulator more power to prevent frauds

Dewan Rakyat Speaker Tan Sri Dr Johari Abdul has advised the public to be cautious of a scam syndicate misusing his name and mobile number to deceive victims.

Dewan Rakyat Speaker says scam syndicate using his name, phone number to deceive victims

China has told state-owned firms to hold off on any new collaboration with businesses linked to Li Ka-shing and his family, according to people familiar with the matter, after the Hong Kong billionaire irked Beijing with his plan to sell two Panama ports to a global consortium.

China said to pause new deals with Li Ka-shing, family following plan to sell Panama ports to BlackRock-led consortium

Amanah Saham Nasional Bhd (ASNB), a wholly owned unit trust company of Permodalan Nasional Bhd (PNB), has declared a total income distribution payout of RM2.18 billion for the financial year ending March 31, 2025 (FY2025).

ASNB declares RM2.18b distribution for FY2025, with ASB 2 at 5.50 sen per unit, ASM at five sen

Former Malayan Banking Bhd (KL:MAYBANK) group president and chief executive officer Tan Sri Abdul Farid Alias, currently an independent director of Bursa Malaysia Bhd (KL:BURSA), has been appointed as the non-executive chairman of the stock exchange operator by the Minister of Finance, effective May 1.

Former Maybank CEO Farid Alias redesignated as Bursa non-executive chairman from May, replacing Abdul Wahid who is retiring

Shares of Pos Malaysia Bhd (KL:POS) jumped on Thursday to their highest in more than three months&nbsp;in highly active trade.

Pos Malaysia's shares surged by as much as 36% or seven sen to 26.5 sen. The stock pared some gains to settle at 25.5 sen at market close, still up 30.8 sen or six sen after&nbsp;25.71&nbsp;million shares changed hands. The trading volume was its biggest in a single day since November 2020.

KUALA LUMPUR (March 27): Ekuiti Nasional Bhd, Malaysia’s state-owned private equity firm also known as Ekuinas, said its chief executive officer Datuk Syed Yasir Arafat Syed Abd Kadir will step down on March 31.

Ekuinas announces CEO Syed Yasir Arafat to step down on March 31

Lembaga Tabung Angkatan Tentera (LTAT), the pension fund for the Malaysian Armed Forces, has declared a seven-high dividend of 5.25% for 2024.

LTAT declares seven-year high dividend of 5.25% for 2024

Ekuiti Nasional Bhd (Ekuinas), which was formed in 2009, will be put under Permodalan Nasional Bhd (PNB) as part of the government’s plan to consolidate the bumiputera-focused investment institutions.&nbsp;

Ekuinas to be under PNB’s purview, say sources  

KUALA LUMPUR (March 27): AMMB Holding Bhd (KL:AMBANK) may pay out higher than expected dividends when the sixth-largest Malaysian bank by assets announces its strong results for the current financial year.

AMMB may pay higher than expected dividend, analysts flag

(March 27):&nbsp;Indonesia is betting on tiny bugs from Africa to help boost its palm oil production, as the broader sector grapples with tightening supply that threatens to keep prices elevated and add to food inflation.

Indonesia to use one million African weevils to spur palm output

Analysts have trimmed their forecasts for Gamuda Bhd (KL:GAMUDA) after weaker-than-expected earnings for the first half ended Jan 31, 2025 (1HFY2025).

Analysts trim Gamuda earnings forecasts after 1H miss

Malaysia’s electrical and electronics (E&amp;E), rubber, furniture and optical and scientific equipment exports are the most vulnerable to tariffs the US is expected to impose on the “dirty 15” countries next week, according to UOB economists.

Malaysia's electronics, rubber, furniture exports most at risk from Trump's potential tariffs on 'dirty 15' — UOB

(March 27):&nbsp;Foreign investors sold Malaysian stocks for a 29th-straight session on Wednesday (March 26), the longest selling streak since June 2018, amid concerns over the nation’s artificial intelligence (AI)&nbsp;projects, as the US seeks to control advanced chip technology transfers.

Malaysian stocks record longest outflow streak since June 2018

KUALA LUMPUR (March 27): Petronas’ first bond issuance in four years is expected to attract strong investor demand, potentially tightening spreads, lowering yields, and reducing its borrowing costs, according to CreditSights, a research arm of Fitch.

Petronas’ first bond issuance in four years likely to spike demand, making it cheaper to raise funds — CreditSights

US President Donald Trump said he would consider lowering tariff rates imposed on China to secure Beijing’s support for a sale of the US operations of ByteDance Ltd’s social video platform TikTok to an American company.

Trump says he could cut China tariffs to secure TikTok deal

KUALA LUMPUR (March 27): The board of directors of HHRG Bhd (KL:HHRG) has decided against convening an extraordinary general meeting (EGM) requisitioned by its largest shareholder Cfamillie Holdings Sdn Bhd to remove the board of directors of the company, and has filed a legal suit to stop it from being convened.

HHRG rejects largest shareholder’s call for EGM to remove board, files suit to stop meeting

FROM a 10-storey blue-domed office building that overlooks a scenic lake in Jalan Tasik, The Mines Resort City, in Seri Kembangan, Selangor, oil and gas outfit Sapura Energy Bhd (KL:SAPNRG) — a Practice Note 17 company — has moved into the much older 40-storey Menara PNB in Jalan Tun Razak, which...

Cover Story: Is the worst really over for Sapura Energy?

KUALA LUMPUR (March 27): Petroliam Nasional Bhd, also known as Petronas, said on Thursday that it has issued a US$5 billion (RM22 billion) senior multi-tranche bond and proceeds would be used for general corporate purposes.

Petronas raises US$5b from its first dollar bond in four years

President Xi Jinping is making China’s presence more felt across the Indo-Pacific region by testing US allies on sensitive issues, as US President&nbsp;Donald Trump’s attention is taken up elsewhere.

Xi tests US allies in Indo-Pacific as Trump looks elsewhere

Microsoft Corp&nbsp;has walked away from new data centre projects in the US and Europe that would have amounted to a capacity of about two gigawatts of electricity, according to TD Cowen analysts, who attributed the pullback to an oversupply of the clusters of computers that power artificial intelligence (AI).

Microsoft abandoned data centre projects — analysts

The Ministry of Finance has&nbsp;allocated RM1.9 billion to Prasarana Malaysia Bhd to buy 1,560 new diesel and electric buses in phases over a three-year period.