<div class=newsTextDataWrapInner>Perwaja jumps 52%, Kinsteel up 15% in active trade</div>

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Perwaja jumps 52%, Kinsteel up 15% in active trade

 
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Perwaja jumps 52%, Kinsteel up 15% in active trade

The US took a fresh step seeking to curb Iran’s oil revenues with sanctions on an international network that it said facilitates the shipment of millions of barrels to China, an effort by the Trump administration to further pressure Tehran while negotiating over its nuclear programme.

US slaps sanctions on network shipping Iranian oil to China

New Intel Corp chief executive officer Lip-Bu Tan is focused on improving the execution of the chipmaker’s existing strategy rather than making sweeping changes, according to his head of finance.

“The strategy is the strategy — we’ve got to execute better,” chief financial officer Dave Zinsner said at a JPMorgan Chase & Co technology conference.

Intel’s new CEO to focus on executing its existing strategy

Distributor of products for Fortune 500 companies, DKSH Holdings Malaysia Bhd (KL:DKSH) reported a net profit of RM48.17 million for the first quarter ended March 31, 2025 (1QFY2025), its second-highest quarterly profit.

DKSH posts RM48.2m profit in 1Q on record revenue and cost savings

US President Donald Trump has secured US$600 billion (RM2.59 trillion) in investment commitments during a summit in Saudi Arabia, according to the White House, a key focus of his first scheduled foreign trip since returning to office.

US says it won US$600b in investments from Saudi Arabia

Canadian Prime Minister Mark Carney, who won an election last month promising to stand up to US President Donald Trump, unveiled a new cabinet on Tuesday that he said would help define a new relationship with the US.

Carney unveils cabinet aimed at resetting US-Canada ties

Microsoft is laying off 3% of its workforce, or roughly 7,000 employees, CNBC reported on Tuesday, as the technology giant looks to rein in costs while funnelling billions of dollars into its ambitious bet on artificial intelligence (AI).

Microsoft to lay off 3% of workforce, CNBC reports

The easing of trade tensions between the United States and China is a step in the right direction and helps reduce European fears of being flooded with Chinese goods redirected from the US market, European Economic Commissioner Valdis Dombrovskis said.

US-China trade respite eases EU fears of being flooded with Chinese goods

The Federal Court has granted the Attorney General’s Chambers (AGC) leave to appeal against the Court of Appeal’s (COA) decision in favour of UEM Sunrise Bhd's (KL:UEMS) wholly owned unit UEM Land Bhd challenging the RM8.49 million additional tax assessment and penalty slapped by the Inland Revenue Board (IRB).

AGC granted leave to appeal COA ruling allowing UEM Sunrise unit to challenge RM8.49 mil additional tax assessment

Prime Minister Benjamin Netanyahu said he’s days away from ordering an all-out escalation of Israel’s war against Hamas, and even the release of more hostages would only pause the campaign to destroy the Iran-backed group.

Israel’s Netanyahu vows to ‘finish the job’ of destroying Hamas

Sentiment among US small businesses deteriorated for a fourth straight month in April as firms grew more downbeat about the economic outlook and sales prospects amid higher tariffs.

The National Federation of Independent Business (NFIB) optimism index dropped 1.6 points to 95.8, the weakest reading since October.

US small-business optimism falls for fourth straight month

KUALA LUMPUR (May 13): The US-China tariff deal is seen as negative for Malaysian glove makers, as it makes Chinese gloves cheaper and more competitive, potentially hurting demand for local products.

Analysts say US-China tariff cuts are negative for Malaysian glove makers

KUALA LUMPUR (May 13): Starting May 11, 2025, Malaysia will impose five-year anti-dumping duties on flat-rolled products of iron or non-alloy steel, and tinplate from China and other Asian nations, following an investigation on the imports of the products.

Malaysia imposes anti-dumping duties on steel, tinplate from China and other Asian nations

As U Mobile Sdn Bhd has been appointed to roll out the second 5G network in the country, its stake in Digital Nasional Bhd (DNB) will be taken over by CelcomDigi Bhd (KL:CDB), Maxis Bhd (KL:MAXIS), YTL Power International Bhd (YTLPOWR) and the Minister of Finance Inc (MOF Inc).

U Mobile stake in DNB to be taken over by CelcomDigi, Maxis, YTL Power, MOF Inc

When Lucas Silva Ferreira needed a new air conditioner to cool his Rio de Janeiro home in the sweltering February heat, he decided to go with a Chinese model instead of old standbys like LG or Whirlpool.

Half-price air conditioners are sparking frenzy for China brands in Brazil

AS geopolitical tensions between the US and China continue to disrupt global supply chains, Taiwan-based Advanced Semiconductor Engineering Inc (ASE Inc) — the world’s largest outsourced semiconductor assembly and test (OSAT) player — is doubling down on Malaysia with the opening of its fifth pla...

Taiwanese OSAT giant ASE doubles down on Malaysia amid US-China trade war

The RM892 million Dawn KLCC, a development by Dawn Land Sdn Bhd, has achieved a take-up rate of 91% since its launch in April last year. The development is a 70:30 joint venture between Chin Hin Group Property Bhd (KL:CHGP) and Fiamma Holdings Bhd (KL:FIAMMA). Chin Hin Group Property and Fiamma s...

Dawn KLCC is 91% sold

HSBC Global Research has revised its year-end forecast for the ringgit from 4.45 to 4.20 against the US dollar, as the heightened external volatility has slightly tipped the balance in favour of the ringgit&nbsp;over the medium term.

HSBC raises year-end USD-MYR forecast to 4.20, citing external volatility favouring ringgit

KUALA LUMPUR (May 13): ICT Zone Asia Bhd, a tech financing solutions provider, has launched its initial public offering (IPO) as part of its transfer from the LEAP Market to the ACE Market, aiming to raise RM26.6 million.

ICT Zone Asia sets ACE Market IPO price at 20 sen, aiming to raise RM27m for ICT asset purchase

SINCE news of her abduction a month ago broke last week, many questions have been asked about 42-year-old Datin Seri Pamela Ling Yueh: What has happened to her? And what was the motivation behind her disappearance?

Kidnapped Pamela Ling’s application for a judicial review against MACC money laundering probe provides some context but also raises more questions

Kerjaya Prospek Group Bhd (KL:KERJAYA) said an adjudicator has ordered Yong Tai Bhd (KL:YONGTAI) to pay the construction outfit RM75.46 million over an alleged unpaid contract for a mixed development project in Melaka, known as “The Apple”.

Kerjaya Prospek wins RM75.46m adjudication award in dispute with Yong Tai

Bank Negara Malaysia’s (BNM) move to lower the statutory reserve requirement (SSR) has set the stage for a possible overnight policy rate (OPR) cut, but according to Moody’s Analytics, two key conditions must first be met.&nbsp;

Moody’s: BNM likely to hold OPR at 3%, September cut dependent on inflation and Fed's move

WM Senibong Sdn Bhd has achieved a 100% take-up rate for Kew Green 1, the maiden precinct in its 38-acre master plan named The Kews, within three months of its launch in December 2024.

WM Senibong sells out Kew Green 1 within three months

CRUDE palm oil (CPO) exporter Pacific Inter-Link Sdn Bhd (PIL) expects the discount of palm oil to soybean oil to persist for the next six to 12 months, due to tight soybean oil supply from the US and South America and a gradual rise in palm oil production.

This will enhance palm oil’s ...

CPO discount to soybean oil seen lasting up to one year, says Pacific Inter-Link

Distributor of products for Fortune 500 companies, DKSH Holdings Malaysia Bhd (KL:DKSH) reported a net profit of RM48.17 million for the first quarter ended March 31, 2025 (1QFY2025), its second-highest quarterly profit.

Frozen and dried food distributor Guan Huat Seng Holdings Bhd is preparing to list on the ACE Market of Bursa Malaysia to secure funding for its expansion plans, according to its draft prospectus filed with the exchange.

Frozen, dried food distributor Guan Huat Seng plans ACE listing

Oxford Innotech Bhd, a Penang-based engineering solutions company, has received approval from Bursa Malaysia for its initial public offering (IPO) on the ACE Market.

Oxford Innotech gets approval for ACE Market IPO, plans new factory in Penang

Malaysians spent more in March ahead of Ramadan, thanks to government cash aid and festive deals — lifting retail, wholesale, and even car sales, official data showed.

Malaysia’s distributive trade — which includes wholesale, retail, and vehicle sales — grew 5.7% year-on-year (y-o-y) in March to RM154 billion, according to the Department of Statistics Malaysia (DOSM). This is the highest growth in three months and stronger than February’s 5.2% rise. On a month-on-month (m-o-m) basis, trade increased by 3.7%.

Malaysia’s wholesale and retail sales grew faster in March, driven by festive season, cash aid — official data

An agreement between Petroliam Nasional Bhd (Petronas) and Sarawak's state-owned Petroleum Sarawak Bhd (Petros) on the management of natural gas in the state would be announced in "two more days", according to Borneo Post, quoting Sarawak Premier Tan Sri Abang Johari Tun Openg.

Abang Jo says Petronas-Petros agreement coming in 'two more days' — report

(May 13):&nbsp;Some of the toughest new laws attempting to rein in TikTok, Instagram and Snapchat aren’t coming from Washington or Brussels. They’re emerging from capitals such as Canberra, Jakarta and Kuala Lumpur.

TikTok, Meta endure tougher Asia crackdown as US efforts stall

KUALA LUMPUR (May 13): Duopharma Biotech Bhd (KL:DPHARMA) is expected to deliver another strong quarter of growth, following the positive impact of approved products purchase list (APPL) contracts observed in peer company Pharmaniaga Bhd (KL:PHARMA), CGS International said.