<div class=newsTextDataWrapInner>(May 9): Second Finance Minister Johari Abdul Ghani has lost to Bersatu's Rina Harun in the Titiwangsa Parliamentary seat, Bernama reported.</div>

<div class=newsTextDataWrapInner>The contest was a three-cornered fight which also featured PAS' Mohamad Noor Mohamad.</div>

<div class=newsTextDataWrapInner>Johari had won the seat in 2013 with an 866 vote majority.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

(May 9): Second Finance Minister Johari Abdul Ghani has lost to Bersatu's Rina Harun in the Titiwangsa Parliamentary seat, Bernama reported.

The contest was a three-cornered fight which also featured PAS' Mohamad Noor Mohamad.

Johari had won the seat in 2013 with an 866 vote m...

Second Finance Minister Johari defeated in Titiwangsa

A US appeals court on Monday threw out consumer protection rules adopted by the Biden administration to ban bait-and-switch tactics and prohibit auto dealers charging for add-on costs that do not benefit new car buyers.

US court throws out Biden-era rules designed to protect car buyers

US stock futures steadied, the dollar ticked higher and tech stocks in Asia slid on Tuesday following a wave of selling as apparent advances by a Chinese AI startup cast doubt on US dominance and spending in one of the market's hottest sectors.

China's AI drive hammers tech stocks

China Vanke Co has been thrown a lifeline by state authorities, a rare show of support that signals the developer may be too big to fail even after dozens of property firms defaulted amid China’s punishing housing slump.

Rare China support shows developer Vanke may be too big to fail

AI proxy stocks on Bursa Malaysia continued to decline after Chinese artificial intelligence startup DeepSeek set off a selling spree in US tech shares.

Malaysian AI proxy stocks continue decline after DeepSeek-led selloff bruises US tech shares

Google Maps will change the name of "Gulf of Mexico" to "Gulf of America" once it is officially updated in the US Geographic Names System, Google said in an X post on Monday.

Google Maps to rename 'Gulf of Mexico' to 'Gulf of America' for US users

President Donald Trump said he would soon impose tariffs on foreign pharmaceuticals, semiconductors and metals, and heralded news of DeepSeek’s apparent progress in artificial intelligence as “a positive,” as he addressed House Republicans on Monday.

Trump vows ‘near future’ tariffs, calls DeepSeek progress ‘good’ 

MORNING CALL: 28/1/25

Investors remain sceptical about the Chinese yuan, fearing the potential for volatility during and after the upcoming one-week trading holiday, despite the country’s apparent reprieve from worse-case US tariffs.

Yuan investors on edge as China’s holiday may spur swings

The dollar strengthened against every major currency after comments on tariffs from US President Donald Trump and Treasury Secretary Scott Bessent bolstered demand for the greenback.

Dollar climbs as Bessent, Trump reignite universal tariff threat

LVMH Moët Hennessy Louis Vuitton SE is selling the stake it owns in Stella McCartney back to the brand’s founder as the luxury group cleans up its portfolio of labels amid a downturn for high-end goods.

LVMH sells Stella McCartney stake back to founder after downturn

The proxies to artificial intelligence (AI) on Bursa Malaysia are not spared from the global selldown triggered by Chinese AI startup DeepSeek that has prompted investors to rethink the exuberant valuations in the equity markets.

No lucky escape for Bursa AI proxies from DeepSeek-triggered selldown

The world’s 500 richest people, led by Nvidia Corp co-founder Jensen Huang, lost a combined US$108 billion (RM472.8 billion) on Monday as a tech-led selloff tied to Chinese AI developer DeepSeek sent major indices plunging.

World’s richest people lose US$108b after DeepSeek selloff

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

Bursa Malaysia, DXN, AAX, Capital A, Ekovest, Knusford, Prolintas, YNH Property, Crescendo, Icon Offshore, MMAG, Bina Puri, SCIB, Unitrade, Symphony Life, Vizione

Nvidia Corp’s plunge, fuelled by investor concern about Chinese artificial-intelligence (AI) startup DeepSeek, erased a record amount of stock-market value from the world’s largest company.&nbsp;

Nvidia’s US$465b DeepSeek plunge is largest in market history

President Donald Trump said he would soon impose tariffs on foreign pharmaceuticals, semiconductors and metals, and heralded news of DeepSeek’s apparent progress in artificial intelligence as “a positive,” as he addressed House Republicans on Monday.

Malaysia has become the first country to witness the signing of a&nbsp;six-way 4G multi-operator core network (MOCN) sharing agreement, said Communications Minister Fahmi Fadzil.

M'sia first in world to see MNOs sign sharing agreement to enable six-way 4G multi-operator core network, says Fahmi

REDtone Digital Bhd (KL:REDTONE) has been mopping up more shares in Theta Edge Bhd’s (KL:THETA) since July last year, making it the second largest shareholder of the company.

REDtone surfaces as Theta Edge’s second-largest shareholder

Nvidia on Monday said Chinese AI firm DeepSeek's advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek's services.

Nvidia says DeepSeek advances prove need for more of its chips

AI proxy stocks on Bursa Malaysia continued to decline after Chinese artificial intelligence startup DeepSeek set off a selling spree in US tech shares.

US stock futures steadied, the dollar ticked higher and tech stocks in Asia slid on Tuesday following a wave of selling as apparent advances by a Chinese AI startup cast doubt on US dominance and spending in one of the market's hottest sectors.

Cryptocurrency-linked stocks sank on Monday after the success of a low-cost Chinese AI model shook investor confidence, sparking a retreat from risky assets and pummeling shares of companies that were set to benefit from the surge of spending on AI data centres.

Crypto stocks hit as AI plays sink, traders flee risk assets

Property developer Symphony Life Bhd (KL:SYMLIFE) has emerged as the largest shareholder of Vizione Holdings Bhd&nbsp;(KL:VIZIONE) with a 25.88% stake, after subscribing to the entire private placement by Vizione.

Symphony Life emerges as Vizione’s largest shareholder in RM12m deal

The median monthly wages in Malaysia's formal sector increased by 5.6% year-on-year to RM2,745 in September 2024, as reported by the Department of Statistics Malaysia (DOSM).

Malaysia’s median monthly wages up 5.6% in September 2024, official data shows

A financial consultancy firm suspected of orchestrating a personal loan fraud syndicate manipulated the turnaround time during the loan approval process by banks.

Malaysian Anti-Corruption Commission (MACC) chief commissioner Tan Sri Azam Baki explained that banks typically take three to five days to approve personal loans.

Ops Sky: Personal loans approved by manipulating turnaround time — Azam Baki

Talk of an artificial-intelligence upstart in China behind a formidable ChatGPT rival had been building for days.

DeepSeek’s overnight fame strains its systems, draws attacks

Google Maps will change the name of "Gulf of Mexico" to "Gulf of America" once it is officially updated in the US Geographic Names System, Google said in an X post on Monday.

Sarawak Consolidated Industries Bhd (KL:SCIB) has denied allegations by Awana JV Suria Saga Sdn Bhd (Awana), the developer of the previously scrapped RM162 million Perak housing project, regarding outstanding debts and demanded the latter to settle the debt promptly.

SCIB denies developer's allegations over debt repayment, demands debt settlement

Co-founder of Cocoaland Holdings Bhd Lau Pak Lam has raised his stake in loss-making digital payment solutions provider PUC Bhd (KL:PUC) to 5.041% from 4.26%.

Lau acquired 8.1 million shares in the ACE Market-listed company on the open market last Thursday (Jan 23), bringing his total shareholding to 140.1 million shares, according to PUC’s filing with Bursa Malaysia.

Cocoaland co-founder Lau Pak Lam raises stake in PUC to 5.04%

Salutica Bhd (KL:SALUTE) plans to raise up to RM11.94 million via a private placement exercise to third-party investors to fund its capital expenditure for new jobs and working capital requirements.

Salutica plans RM11.9m private placement to fund capex, working capital

LVMH Moët Hennessy Louis Vuitton SE is selling the stake it owns in Stella McCartney back to the brand’s founder as the luxury group cleans up its portfolio of labels amid a downturn for high-end goods.