<div class=newsTextDataWrapInner>KUALA LUMPUR (April 19): Walk into MR DIY Group (M) Bhd’s e-commerce warehouse in Seri Kembangan, and you will see racks on racks of items moving around the space by itself. Beneath each rack is an agile robot following an optimised route based on a preset algorithm. They are smart enough to find the most efficient route to reach a picking station and avoid crashing into each other.</div>

<div class=newsTextDataWrapInner>This is the company’s first robotic warehouse, built to cater to rising importance of e-commerce to all retail players in Malaysia. To compete in this space, companies need to be fast, accurate and offer consistent services. Using robots in the process has increased MR DIY’s efficiency and range so far, and the company has plans to automate even more processes going forward.</div>

<div class=newsTextDataWrapInner>Read more about it in&nbsp;The Edge Malaysia&nbsp;weekly DigitalEdge's April 19 edition.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Save by&nbsp;<a href="https://bit.ly/TEMWeeklySubscribe" target="_blank">subscribing</a>&nbsp;to us for your print and/or digital copy.</div>

<div class=newsTextDataWrapInner>P/S: The Edge is also available on&nbsp;<a href="https://itunes.apple.com/us/app/the-edge-markets/id990567068?ls=1&amp;mt=8" target="_blank">Apple's App Store</a>&nbsp;and&nbsp;<a href="https://play.google.com/store/apps/details?id=com.bizedge.theedgemarkets.malaysia" target="_blank">Android's Google Play</a>.</div>

Walk into MR DIY Group (M) Bhd’s e-commerce warehouse in Seri Kembangan, and you will see racks on racks of items moving around the space by itself. Beneath each rack is an agile robot following an optimised route based on a preset algorithm. They are smart enough to find the most efficient route to reach a picking station and avoid crashing into each other.

Robots in da (ware)House

The reopening of the Danish embassy in Malaysia marks a pivotal milestone in the bilateral relations between the two nations, especially as Malaysia gears up to chair Asean in 2025, said Denmark’s Minister of Foreign Affairs, Lars Løkke Rasmussen.

Denmark reopens embassy in Malaysia, strengthening ties ahead of Asean chairmanship

Kelantan has fully recovered from the floods on Wednesday night, while in Terengganu, the number of evacuees continued to drop.

In Kelantan, Gua Musang Social Welfare officer Bun Tham Eh Gin said the last relief centre (PPS) at Sekolah Kebangsaan (SK) Limau Kasturi 1, which housed 41 people, was closed at 5pm, indicating that the state has fully recovered from the second wave of floods that struck on Monday.

Kelantan recovers fully from floods, Terengganu sees decline in victims

Donald Trump is slated to ring the New York Stock Exchange’s (NYSE) opening bell on Thursday, presenting a president-elect who has vowed to rejuvenate the US economy a celebratory photo opportunity at an iconic symbol of American capitalism.

Trump scheduled to ring NYSE’s opening bell on Thursday

Luxury real estate brokers Oren and Tal Alexander and their brother Alon were arrested and charged with sex-trafficking by federal prosecutors in New York on Wednesday.

According to the indictment, the three brothers worked together for “well over a decade” to “drug, sexually assault and rape dozens of victims”.

Star real estate brokers Alexanders charged with sex trafficking

Wall Street's main indices rose on Wednesday after an in-line inflation reading kept intact bets on the Federal Reserve cutting interest rates later this month.

A Labor Department report showed the consumer price index (CPI) rose 0.3% on a monthly basis in November, compared with the 0.3% increase forecast by economists polled by Reuters.

Wall St advances as inflation data cements December rate-cut hopes

President Vladimir Putin said on Wednesday that Russia would develop artificial intelligence with BRICS partners and other countries, in a bid to challenge the dominance of the United States in one of the most promising and crucial technologies of the 21st century.

Speaking at Russia's flagship AI conference, Putin said the new AI Alliance Network would include national associations and development institutions in the field of AI from BRICS countries and other interested states.

Russia teams up with BRICS to create AI alliance, Putin says

Russia said on Wednesday that Ukraine had struck a military airfield on the Azov Sea with six US-made ATACMS ballistic missiles, a move that could prompt Moscow to launch another experimental intermediate-range hypersonic missile at Ukraine.

Russia vows response after Ukraine used US-made ATACMS to strike airfield

Solid Automotive Bhd (KL:SOLID) said it is acquiring 4.69 acres of freehold land in Klang from Top Glove Corp Bhd (KL:TOPGLOV) for RM15.92 million.

The automotive electrical parts group said its wholly-owned subsidiary, Part Center Sdn Bhd (PCSB), signed a letter of offer issued by Top Quality Glove Sdn Bhd, a wholly-owned unit of Top Glove, on Wednesday to purchase the agricultural land located at Kawasan Perindustrian Meru Timur.

Solid Automotive buys 4.7-acre land in Klang from Top Glove

The Communications and Multimedia (Amendment) Bill 2024, a topic of significant debate, was passed by the lower house of Parliament on Monday.

The Bill was passed with a slim majority of 19 votes after the opposition requested a bloc vote, resulting in 59 Members of Parliament in favour, 40 against, and one abstention. The remaining MPs did not turn up to vote.

Contentious CMA amendment bill passed with narrow margin in Parliament vote: who voted for and against

Here is a brief recap of some business news and corporate announcement that made the headlines on Wednesday.

Axiata, Astro, Eco World International, Privasia Technology, MyEG, Petron Malaysia, AE Multi

Singapore Technologies Telemedia Pte Ltd (ST Telemedia) said financial instruments will form part of its sale of "a majority stake" in U Mobile Sdn Bhd to a company owned by tycoon Tan Sri Vincent Tan Chee Yioun and Johor princess Tunku Tun Aminah Sultan Ibrahim.

Financial instruments included in sale of 'majority stake' in U Mobile, says Temasek's ST Telemedia

Mara Inc and ACE Market-listed Privasia Technology Bhd (KL:PRIVA) are teaming up to develop and operate a data centre in Bagan Datuk, Perak.

Mara teams up with Privasia to develop data centre in Bagan Datuk, Perak

LONDON/HONG KONG (Dec 11):&nbsp;Things are going from bad to worse for London’s IPO market, where less money has been raised this year than on some tiny frontier venues.

The UK stock market now trails Oman and Malaysia in IPO rankings

According to the Malaysian Investment and Development Authority (Mida), 11 companies and eight family offices had committed to setting up operations in the Forest City special financial zone as of November.&nbsp;

Forest City manages to attract family offices; Johor continues to attract investments

Here is a brief recap of some business news and corporate announcement that made the headlines on Wednesday.

MyEG Services Bhd’s (KL:MYEG) Zetrix blockchain platform and Astron-Xinghuo BIF have partnered to offer Chinese nationals and business entities digital identification cards and business registration services for verification outside of China.

MyEG’s Zetrix platform to offer digital ID services to China nationals and business entities for overseas verification

Astro Malaysia Holdings Bhd (KL:ASTRO) made a net profit of RM46.94 million for its third quarter ended Oct 31, 2024 (3QFY2025) — its fourth consecutive quarter in the black, as opposed to a net loss of RM47.05 million incurred in 3QFY2024.

Astro logs fourth straight profitable quarter on favourable forex, lower amortisation of assets

The diagnosis-related group (DRG) pricing&nbsp;system to regulate private hospital bills is expected to be rolled out by the second quarter of 2025, Health Minister Datuk Seri Dr Dzulkefly Ahmad said on Wednesday, noting that the Private Healthcare Facilities &amp; Services Act 1998 must first be amended.

Dzulkefly: DRG pricing system rollout in 2Q2025 more likely as private healthcare law amendment needed

After two months of maintenance shutdown, Petron Malaysia Refining &amp; Marketing Bhd (KL:PETRONM) announced on Wednesday that its Port Dickson refinery has resumed operations in full.

Petron Malaysia says Port Dickson refinery has resumed ops in full after two-month closure

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

Oversea-Chinese Banking Corp, Singapore’s second-largest lender, told some international clients to show proof of residence in the city state to avoid having their accounts shut, a signal of heightened scrutiny in the wake of a spate of money-laundering cases.

Singapore bank OCBC tightens scrutiny on international clients

Malaysia’s consumer companies will likely report strong earnings growth over the next three quarters largely driven by festive spending, CIMB Securities flagged on Wednesday.

Consumer companies may report strong earnings in next three quarters, CIMB sticks to staples

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI falls 0.36% to 1,603.2 on Dec 11, 2024

Prawn farmer and processor Camaroe Bhd is seeking a listing on the ACE Market of Bursa Malaysia via an initial public offering (IPO) to raise fresh capital for capacity expansion and setting up a biotechnology department.

The proposed IPO includes a public issuance of 99 million new shares at a price to be determined later, according to the draft prospectus filed with the stock exchange on Wednesday.

Prawn farmer Camaroe files for ACE market IPO

The Ministry of Energy Transition and Water Transformation (Petra) sees electricity supply demand for data centres increasing to 20.9 gigawatts (GW) by 2040.

Deputy Minister Akmal Nasrullah Mohd Nasir said the estimate was&nbsp;obtained from&nbsp;the Planning, Implementation and Electricity Supply and Tariff Committee Meeting, which also projected electricity supply demand for data centres to be around 7.7GW in 2030.

Data centre electricity use expected to increase to 20.9GW by 2040, Dewan Negara told

The Dewan Rakyat approved the Online Safety Bill 2024 in a bloc vote following a request from the Opposition.

Online Safety Bill approved by Dewan Rakyat in bloc vote

Property developer Eco World International Bhd (KL:EWINT) has declared a final dividend of five sen per share for its FY2024 to be paid in January next year, as it managed to reduce its losses for the fourth quarter ended Oct 31 (4QFY2024) to a third of what it incurred in the previous year's corresponding quarter.

Eco World International cautious on new launches amid slower demand, declares five sen dividend as losses narrow

South Korea is facing greater downside economic risks as it tries to mitigate the impact on its currency of the turmoil triggered by last week’s martial law declaration, its finance minister said Wednesday.

South Korea flags economic risks as political turmoil rumbles on

The Commercial Crime Investigation Department (JSJK) of Bukit Aman has received 51 police reports related to a cross-border Forex investment scam, which has resulted in total losses around RM12 million.

RM12 million lost in cross-border forex investment scam

The Ministry of Investment, Trade and Industry (Miti) and the Malaysian Investment Development Authority (Mida) are&nbsp;collaborating with Sirim Bhd to set up a star rating system for industrial parks to ensure that every industrial park in Malaysia meets "acceptable standards", said Deputy Minister Liew Chin Tong.