<div class=newsTextDataWrapInner>SINGAPORE (Oct 11): Shares in Olam International are hovering at a three-year high, rising 0.5% to S$2.24 on Wednesday to bring the week's rise to 4.7%.</div>

<div class=newsTextDataWrapInner>The rise follows a move by Temasek Holdings last Friday to boost its stake in the commodities supplier and trader.</div>

<div class=newsTextDataWrapInner>In a response on Monday after an unusual trading activity query by the Singapore Exchange, Olam said Singapore state investor now owns a 57% stake in the group from 52% previously after converting its warrants into 282 million shares... <a href="https://www.theedgesingapore.com/olam-three-year-high-after-temasek-stake-boost" target="_blank">(Click here to read the full story.)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Oct 11): Shares in Olam International are hovering at a three-year high, rising 0.5% to S$2.24 on Wednesday to bring the week's rise to 4.7%.

The rise follows a move by Temasek Holdings last Friday to boost its stake in the commodities supplier and trader.

In a resp...

Olam at three-year high after Temasek stake boost

KUALA LUMPUR (Jan 28): A moderate earthquake measuring 5.9 on the Richter scale was detected in the Minahassa Peninsula, Indonesia, at 10.53pm on Tuesday night. Tremors were also felt around Semporna, Tawau, and Lahad Datu in Sabah.

Moderate earthquake jolts eastern Indonesia, tremors felt in Sabah

KUALA LUMPUR (Jan 28): Prime Minister Datuk Seri Anwar Ibrahim expressed hope that Wednesday’s Chinese New Year (CNY) celebrations will mark a fresh start, strengthening the spirit of unity and familial bonds for the benefit of the nation.

PM hopes CNY 2025 celebrations will mark fresh start to strengthen nation’s unity

KUALA LUMPUR (Jan 28): One man was killed and four others sustained minor injuries after trespassing onto the Keretapi Tanah Melayu Bhd (KTMB) railway tracks between Teluk Pulai and Klang on Tuesday.

One dead, four injured after trespassing on KTMB railway tracks

KOTA KINABALU (Jan 28): The Malaysian Anti-Corruption Commission (MACC) in Sabah has detained a former director of a state government agency for allegedly soliciting and receiving bribes worth approximately RM110,000.

MACC arrests former Sabah agency director over alleged bribery worth RM110,000

GOMA, Democratic Republic of Congo (Jan 28): Rebels seized the airport of east Congo's largest city Goma on Tuesday, potentially cutting off the main route for aid to reach hundreds of thousands of displaced people, after capturing the city in an offensive that left dead bodies lying in the streets.

Congo’s M23 rebels take control of Goma airport, embassies attacked in capital

MONTREAL/SEATTLE/WASHINGTON/BENGALURU (Jan 28): Boeing said on Tuesday that it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.

Boeing stock rallies on plane progress despite US$11.8b annual loss

BENGALURU (Jan 28): European shares closed at a record high on Tuesday, with retail stocks leading broader gains, as selling pressures ebbed a day after the Chinese artificial intelligence (AI) startup DeepSeek triggered a global market rout.

European shares close at record high as tech jitters abate

BENGALURU (Jan 28): The S&P 500 swung between gains and losses on Tuesday, as advancing megacap stocks including Apple helped arrest declines, even as a mixed bag of corporate earnings fuelled volatility.

S&P 500 choppy as megacap gains counter broader weakness

SEOUL (Jan 28): An Airbus plane belonging to South Korean carrier Air Busan caught fire on Tuesday at Gimhae International Airport in the country's south, while preparing for departure to Hong Kong, fire authorities said.

Air Busan Airbus plane catches fire at S.Korea's Busan airport, no casualties

KUALA LUMPUR (Jan 28): The Ministry of Investment, Trade and Industry (Miti) needs to intensify efforts in formulating strategies to ensure the trade and investment target of RM13 billion at the World Expo 2025 in Osaka, Japan, (Expo 2025 Osaka) is achieved.

Miti must intensify efforts to achieve RM13b trade and investment target at World Expo 2025 in Osaka — Fadillah

KUALA LUMPUR (Jan 28): Khazanah-EPF led Gateway Development Alliance Sdn Bhd (GDA) has succeeded in getting enough shares to delist and take Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) private, almost eight months since the takeover was first proposed.&nbsp;

MAHB to be delisted by Khazanah-EPF led consortium

KUALA LUMPUR (Jan 28): The sell-off of artificial intelligence (AI) proxies continued on Tuesday, with approximately RM23.33 billion in market capitalisation among 15 Bursa Malaysia-listed companies wiped out since mid-January this year.

US chip policy, DeepSeek wipe out RM23b market cap in 15 AI proxy companies on Bursa

Bank Negara Malaysia (BNM) imposed over RM2.5 million in penalties in 2024 on financial institutions and money service providers for breaches including customer due diligence failures, foreign exchange policy violations and inadequate data reporting.

BNM imposes over RM2.5mil in penalties for regulatory breaches

ChangXin Memory Technologies Inc has advanced its chipmaking technology in spite of US export controls aimed at capping Chinese companies’ capabilities.

China’s CXMT memory chip breakthrough beats US export controls

(Jan 28): The success of DeepSeek’s new artificial intelligence (AI) model points to how China might eventually achieve an even bigger technological breakthrough in the face of US export curbs: Producing its own cutting-edge chips.

DeepSeek shows China playbook for even bigger US shock on chips

KUALA LUMPUR (Jan 28): Malaysia’s oil and gas (O&amp;G) upstream services segment could anticipate a stable outlook for the next three years, supported by crude oil price projections of US$70-US$80 per barrel, according to the Petronas Activity Outlook 2025-2027.

Stable upstream O&G outlook seen in Petronas Activity Outlook 2025-2027

KUALA LUMPUR (Jan 28): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

MAHB, TH Plantations, Salcon, Kinergy Advancement, Datasonic, EVD, Key Alliance, Taghill, Malakoff, Eonmetall and Ecobuilt

TH Plantations Bhd’s (KL:THPLANT) said its 60%-owned unit TH Pelita Simunjan Sdn Bhd is being sued for RM230.25 million for allegedly trespassing on native land.

TH Plantations’ unit sued for RM230m in native land dispute

KUALA LUMPUR (Jan 28): The Philippine House of Representatives on Tuesday passed a special resolution to recognise the efforts and commitment of the Malaysian Parliament in expanding regional parliamentary cooperation.

Philippine House of Reps passes resolution recognising Malaysia’s efforts in expanding parliamentary cooperation

KUALA LUMPUR (Jan 28): His Majesty Sultan Ibrahim, King of Malaysia, and Her Majesty the Queen, Raja Zarith Sofiah, have extended Chinese New Year greetings to Malaysians celebrating the occasion.

King, Queen extend Chinese New Year greetings

KUALA LUMPUR (Jan 28): The Companies Commission of Malaysia (SSM) has launched the facility for accessing information on companies’ beneficial owners to enhance transparency in corporate practices.

This measure was carried out through the supply of beneficial ownership information initi...

Companies Commission of Malaysia launches facility to access info on beneficial owners to enhances corporate transparency

KUALA LUMPUR (Jan 28): Taghill Holdings Bhd (KL:TAGHILL) said it is not proceeding with a RM38.88 million contract to build a 15-storey columbarium in the city centre due to escalating material costs.

Taghill’s RM39m columbarium job mutually terminated

SEOUL (Jan 28): An Airbus plane belonging to South Korean carrier Air Busan&nbsp;caught fire on Tuesday at Gimhae International Airport in the country's south, while preparing for departure to Hong Kong, fire authorities said.

KUALA LUMPUR (Jan 28): Loss-making construction company Ecobuilt Holdings Bhd (KL:ECOHLDS) has proposed a share capital reduction to wipe out its accumulated losses, as well as a rights issue to raise fresh capital.

Ecobuilt plans capital reduction and rights issue

KUALA LUMPUR (Jan 28): Steel product manufacturer Eonmetall Group Bhd (KL:EMETALL) has proposed a private placement of up to 30% of its share base to raise&nbsp;RM22.14 million.

Eonmetall plans private placement to raise RM22m for debt repayment, working capital

KUALA LUMPUR (Jan 28): General insurance and takaful companies are working closely with key stakeholders on the issue of total loss vehicles, according to the General Insurance Association of Malaysia (PIAM).

PIAM: General insurance, takaful companies collaborating with key stakeholders to address issue of total loss vehicles

PUTRAJAYA (Jan 28): Three Cabinet committees under the Ministry of Health (MOH) have now been merged into a single entity known as the Cabinet Committee on National Health.

Ahmad Zahid: Three Cabinet committees under MOH merged to create Cabinet Committee on National Health

KUALA LUMPUR (Jan 28): One man was killed and four others sustained minor injuries after trespassing onto the Keretapi Tanah Melayu Bhd (KTMB) railway tracks between Teluk Pulai and Klang on Tuesday.

COLOMBO (Jan 28): The Sri Lankan government has started talks with India's Adani Group to lower the cost of power from two wind power projects the group will build in the island nation's northern province, the cabinet spokesman said on Tuesday.

Sri Lanka says talking with Adani Group to lower wind power purchase cost

The European Union will set up an aggregation platform for space launch services in the next two years as it tries to boost its competitiveness and autonomy in the sector of space.