<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 28): The United States Wellington Management International Ltd has disposed 18.47 million shares in Air Asia Bhd.</p></div>

<div class=newsTextDataWrapInner><p>According to Bursa Malaysia, Wellington Management Global Holdings had on April 19, ceased to be AirAsia’s substantial shareholder.</p></div>

<div class=newsTextDataWrapInner><p>However, it did not disclose the transaction price.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Today, AirAsia shares fell 5 sen or 2.49% to RM1.96. It saw 13.67 million shares traded, for a market capitalisation of RM5.45 billion.</p></div>

<div class=newsTextDataWrapInner><p>Year-to-date, the counter has risen 52%.</p></div>


KUALA LUMPUR (April 28): The United States Wellington Management International Ltd has disposed 18.47 million shares in Air Asia Bhd.

According to Bursa Malaysia, Wellington Management Global Holdings had on April 19, ceased to be AirAsia’s substantial shareholder.

However, it...

Wellington pares stake in AirAsia

A second impeachment complaint was filed on Wednesday against Philippine vice-president Sara Duterte over her alleged misuse of public funds and refusal to defend her budget before Congress.

Philippines' VP Duterte faces second impeachment complaint

The amount of explicit content generated using artificial intelligence (AI) has been rising each year, with the Malaysian Communications and Multimedia Commission (MCMC) removing 1,225 of such content as of Dec 1, compared with just 186 in 2022, the Dewan Rakyat was told on Wednesday.

AI-generated explicit content on the rise, 1,225 taken down as of Dec 1, says Teo

BETWEEN 1800s and early 1900s, a bunch of powerful financiers dominated America through their political networking or guanxi, making a ton of money in the process through — what we might in this day and age call — questionable practices. They were dubbed “robber barons”, a term first used in the ...

Tech: Trump, Musk and a new era of robber barons

The government has received donations totalling RM35.8 million from 23 private companies and corporate bodies to assist flood victims across the country

This came following the call made by Prime Minister Datuk Seri Anwar Ibrahim last Monday for the private sector to lend a helping hand to the people affected by the northeast monsoon floods, either through financial contributions or by sending aid machinery to the flood-hit areas.

RM35.8 million in corporate donations flow in for flood victims — Anwar

The government has assured that the integrity of data, especially the people’s information of this country, will always be safeguarded, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Home minister dismisses rumours of MyKad data leak 

Malaysia is on the right track to consistently reduce its deficit rate, according to Finance Minister II Datuk Seri Amir Hamzah Azizan.

Malaysia on right track to consistently reduce deficit rate, says Amir Hamzah

Barclays agreed to pay US$19.5 million (RM86.7 million) to settle a lawsuit in Manhattan by shareholders who accused the British bank of securities fraud after it sold US$17.7 billion more debt than regulators allowed.

Barclays reaches US$19.5m settlement over debt sale blunder

NXP Semiconductors NV and a Taiwan Semiconductor Manufacturing Co affiliate are discussing an expansion of their US$7.8 billion (RM34.7 billion) Singapore venture, recognising a need to diversify chip production in anticipation of growing US-Chinese tensions over technology.

NXP, TSMC affiliate plan to expand US$7.8b Singapore plant

The government will continue to balance efforts to strengthen the country’s financial position to be more sustainable while ensuring that fiscal policies continue to support the national economic growth momentum, according to Prime Minister Datuk Seri Anwar Ibrahim.

Govt to continue strengthening financial position while supporting economic growth — Anwar

Teleport, the logistics arm of Capital A Bhd (KL:CAPITALA), is expected to close its financial year ending Dec 31, 2024 (FY2024) with a record-high annual revenue of more than RM1 billion, according to its chief executive officer Pete Chareonwongsak.

Capital A’s Teleport foresees record top line in FY2024 as daily parcels volume doubles from 1H

<p>A Singaporean couple wanted in connection with a corruption case in Singapore, and who had been on the run for 19 years, were arrested by the Malaysian Anti-Corruption Commission (MACC) on Tuesday.</p>


MACC arrests Singaporean couple who spent 19 years on the run

<p>Shares of Pentamaster Corporation Bhd (KL:PENTA) shot up as much as 22.6% to RM4.23 — a three-month&nbsp;high — after its 63.9%-owned subsidiary Pentamaster International Ltd voluntarily suspended trading of its shares on the Hong Kong Stock Exchange.&nbsp;</p>


Pentamaster shares jump 23% on trading halt of HK unit

<p>South Korean lawmakers on Wednesday called on President Yoon Suk Yeol to resign or face impeachment after he declared martial law only to reverse the move hours later, triggering a political crisis in Asia's fourth-largest economy.</p>

<p>The surprise declaration late on Tuesday ignited a standoff with parliament which rejected his attempt to ban political activity and censor the media, as armed troops forced their way into the National Assembly building in Seoul.</p>


South Korean president faces impeachment calls after martial law debacle

<p>KUALA LUMPUR (Dec 4): Prime Minister Datuk Seri Anwar Ibrahim announced that the signing of the Johor-Singapore Special Economic Zone (JS-SEZ) agreement on Dec 9 this year, has been postponed to likely January 2025.</p>


PM: Signing of Johor SEZ agreement with Singapore likely postponed to January next year

<p>KUALA LUMPUR (Dec 4): Tan Sri Halim Saad has been cleared by the Malaysian Anti-Corruption Commission (MACC) in a probe concerning a RM2.3 billion transaction involving a&nbsp;listed company in the 1990s, according to a statement&nbsp;released by the tycoon to the media on Wednesday.</p>


Halim Saad says he is cleared in MACC probe on RM2.3b transaction from over two decades ago

<p>In October, the government announced incentives to jump-start the special economic zone in Forest City. One particular announcement that caught attention was the zero tax rate for family offices, a term rarely heard of in Malaysia as the regulatory framework for such firms did not exist. Essentially, family offices handle investment and wealth management for wealthy families.</p>


Rise of the family office

<p>The construction sector in Malaysia is set to achieve its strongest year since 2016, driven by a surge in project roll-outs from both the public and private sectors, analysts from RHB said.</p>


Construction sector on track for best year since 2016 — RHB

<p>Shares of JF Technology Bhd (KL:JFTECH) rose as much as 12 sen or 22.64% from their four-year lows, on news that the company will begin US sales from January 2025 by leveraging the distribution network of US-based Ironwood Electronics.</p>


JF Tech shares break out from four-year lows on US sales prospects

<p>South Korean President Yoon Suk Yeol’s surprise decision to impose martial law in South Korea for the first time in more than 40 years — and then just as swiftly reverse course — sparked whiplash in the country’s foreign-traded assets and caught global markets off guard, at one point sending US Treasury yields lower as traders sought a haven from potential instability.&nbsp;</p>


South Korea’s whirlwind stint in martial law jolts markets

<p>Intel has started evaluating a handful of outsiders, including former board member Lip-Bu Tan, for the role of its chief executive officer, after the struggling American chipmaking icon&nbsp;ousted company veteran Pat Gelsinger, according to people familiar with the matter.</p>


Intel evaluating outsiders for CEO role, including M'sia-born ex-board member Lip-Bu Tan — Reuters

<p>Jailed former prime minister Datuk Seri Najib Razak denied on Wednesday he had any personal interests in the PetroSaudi International Ltd (PSI) joint venture (JV), maintaining that what was done in 2009 was for national interests.</p>


Najib: I don’t have personal interests in PSI deals, quizzed Bakke and board over opening of JV account before approval

<p>Former prime minister Datuk Seri Najib Razak has denied ever telling then second finance minister Datuk Seri Ahmad Husni Hanadzlah to “not interfere” in matters of 1Malaysia Development Bhd (1MDB), refuting Husni’s claims that he had advised Najib against a US$1 billion joint venture (JV) with PetroSaudi International (PSI).</p>


1MDB-Tanore: Najib expresses disappointment in former second finance minister Husni's testimony against him

<p>Asian equities stumbled on Wednesday, while currencies were volatile, as traders scrambled to contend with the political storm in South Korea, where martial law was imposed and subsequently lifted hours later.</p>


Asian stocks slip, rattled by South Korean political unrest

<p>Teleport, the logistics arm of Capital A Bhd (KL:CAPITALA), is expected to close its financial year ending Dec 31, 2024 (FY2024) with a record-high annual revenue of more than RM1 billion, according to its chief executive officer&nbsp;Pete Chareonwongsak.&nbsp;</p>


<p>Analysts are looking past VS Industry Bhd’s (KL:VS) weak first-quarter results, amid expectations of new sales orders, on top of the RM1.2 billion worth of orders at hand currently.</p>


Analysts look past VS Industry’s 1Q miss on optimism towards new orders

<p>KUALA LUMPUR (Dec 4): Garment manufacturer Magni-Tech Industries Bhd’s (KL:MAGNI) shares jumped in early trade on Thursday, after its second quarterly results came largely within analysts’ expectations.</p>


Magni-Tech shares jump in early trade on special dividends after 2Q came within expectations

<p>KUALA LUMPUR (Dec 4): The recent Swiss court decision against PetroSaudi International Ltd (PSI) executives over the 1Malaysia Development Bhd (1MDB) scandal clearly shows that former prime minister Datuk Seri Najib Razak was not implicated in the misappropriation of funds, the court heard on Wednesday.</p>


1MDB-Tanore: Najib cites Swiss judgement against PSI execs, says he is not implicated in fund misappropriation

<p>Mitsubishi Corp&nbsp;has suffered a loss of more than US$90 million (RM402.10 million) in China after uncovering suspected fraud by one of its copper traders, according to people familiar with the matter.</p>


Mitsubishi Corp lost US$90m in suspected copper fraud in China — Bloomberg

<p>Perusahaan Otomobil Kedua Sdn Bhd (Perodua) aims&nbsp;to produce 500 units per month of an electric vehicle (EV) called eMO-II starting next year.</p>


Perodua set to produce 500 units of eMO-II monthly, aims for cheapest EV

<p>We refer to the Bill to amend the Communications and Multimedia Act 1998 that was tabled for a first reading in the Dewan Rakyat on Monday.</p>


New amendments to Communications and Multimedia Act a backdoor attempt to legislate fake news law, utter betrayal of promise to repeal — Lawyers for Liberty