<div class=newsTextDataWrapInner><p><em>One year on from a stunning election victory, the Pakatan Harapan government faces hostile global economic conditions, a resurgent Malay-dominated opposition and disenchanted supporters.</em></p></div>

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<div class=newsTextDataWrapInner><p>SINGAPORE (May 6): On April 11, UBS economist Kelvin Tay gave an interview on TV that landed him in hot soup. During the interview, Tay blamed “political paralysis” in Malaysia for landing the country in an economic bind that includes a “current account deficit” of higher than 3.4%. Tay also said that abolishing the Goods and Services Tax (GST) — which was to have brought in RM36 billion (S$11.8 billion) in revenue for the government in 2019 — was “just a bad move, because it means the country is going to be very, very reliant on oil”.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

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<div class=newsTextDataWrapInner><p><em>To read the full story, visit <a href="https://www.theedgesingapore.com/print-edition/whats-next-malaysia" target="_blank">www.theedgesingapore.com</a>.</em></p></div>


One year on from a stunning election victory, the Pakatan Harapan government faces hostile global economic conditions, a resurgent Malay-dominated opposition and disenchanted supporters.

What's next for Malaysia?

Stocks surged on Thursday, extending momentum from the previous session when data showed an easing in core US inflation that raised expectations for Federal Reserve cuts and sent global bond yields lower.

Global stocks rally on lower bond yields

CBH Engineering Holding Bhd (KL:CBHB) ended its first day on the ACE Market nearly 20% higher following strong demand during the engineering services firm’s initial public offering (IPO).

CBH Engineering ends nearly 20% higher on maiden trading day

Arul Kanda Kandasamy told the court on Thursday that he never inquired about why 1Malaysia Development Bhd (1MDB) had terminated two auditors — Ernst & Young (EY) and KPMG — prior to his appointment as the company's chief executive officer.

Arul Kanda says he never questioned why 1MDB terminated EY and KPMG as auditors

Nvidia's demand for advanced packaging from TSMC remains strong though the kind of technology it needs is changing, the US AI chip giant's CEO Jensen Huang said on Thursday, after he was asked whether the company was cutting orders.

Nvidia CEO says its advanced packaging technology needs are changing

Sunway Uni’s breakthrough 2024

The Malaysian Anti-Corruption Commission (MACC) has arrested a company director on suspicion of soliciting and accepting a bribe of RM1 million.

Company director held over probe into alleged RM1m bribe 

Xiaohongshu’s biggest shareholders are in talks to sell shares in the Chinese Instagram-like service at a valuation of at least US$20 billion (RM90 billion), drawing interest from Tencent Holdings Ltd and other big names as a potential TikTok US ban approaches.

Xiaohongshu stake sale talks value TikTok rival at US$20b

Hextar Industries Bhd (KL:HEXIND) announced the soft opening of five Luckin Coffee outlets by the end of January 2025.

Hextar Industries to open five Luckin Coffee outlets by end of January

A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI down 0.42% to 1,555.54 on Jan 16, 2025

The Ministry of Economy, in collaboration with the Ministry of Science, Technology, and Innovation (Mosti), is working to improve the research, development, commercialisation, and innovation (RDCI) ecosystem in the country, addressing existing gaps.

Rafizi: Govt to address R&D, commercialisation and innovation gaps, enhance Malaysia's competitiveness

<p>The High Court on Thursday approved a pension increase for retirees, based on their final salary according to the 2016 Public Services Department circular, effective January 2022.</p>


High Court rules in favour of pensioners, govt ordered to pay arrears within three months

<p>Malaysian construction stocks fell sharply on Thursday for the sixth straight day amid concerns over data centres being built as the US further tightens restrictions on advanced semiconductor exports.</p>


Construction stocks extend decline sharply as SunCon falls over 10%

<p>Data centre-related stocks and proxies to artificial intelligence (AI) on Bursa Malaysia have fallen sharply of late, but analysts caution against buying the dip too soon.</p>


Data centre-related stocks, AI proxies lower; experts warn against early bottom fishing

<p>Investment management firm Vertical Theme Sdn Bhd is planning to seek approval in the coming weeks to start talks about selling its stake in Alliance Bank Malaysia Bhd (KL:ABMB), according to people familiar with the development.</p>


Alliance Bank’s top shareholder Vertical Theme mulling sale to DBS, Bloomberg reports

<p>WASHINGTON/SINGAPORE (Jan 15): The Biden administration added more than two dozen Chinese entities to a US&nbsp;restricted trade list on Wednesday, including Zhipu&nbsp;AI, a&nbsp;developer&nbsp;of large language models, and Sophgo, a company whose TSMC-made chip was illegally incorporated into a Huawei artificial intelligence (AI) processor.</p>


US blacklists Chinese companies over TSMC chips in Huawei processor

<p>CBH Engineering Holding Bhd (KL:CBHB) ended its first day on the ACE Market nearly 20% higher following strong demand during the engineering services firm’s initial public offering (IPO).</p>


<p>Eastern &amp; Oriental Bhd (KL:E&amp;O), Malaysia’s premier lifestyle developer, has launched Maris, a RM700 million waterfront residence located in the Gurney Green district on Andaman Island, Penang.</p>


E&O unveils RM700m Maris waterfront development in Penang

<p>KUALA LUMPUR (Jan 16): Malaysia’s tourism industry upcycle has started ahead of Visit Malaysia Year 2026, and could bolster share prices of related companies in the next two years, said Maybank Investment Bank (Maybank IB).</p>


Malaysia’s tourism upcycle has begun, some related stocks could gain — Maybank IB

<p>Malaysian Prime Minister Datuk Seri Anwar Ibrahim officially inaugurated YTL Brabazon New Town in Bristol, a development poised to become the most sustainable new town in the UK.</p>


Anwar launches UK’s most sustainable new town in Bristol by YTL

<p>The government has announced enhancements to the Corporate Renewable Energy Supply Scheme (CRESS), opening third-party electricity grid access to existing power consumers and maintaining system access charges (SAC) at current rates for three years.</p>


Grid third-party access open to existing power consumers, wheeling charges maintained until 2027 — Energy Ministry

<p>Regional airline SKS Airways Sdn Bhd, recently renamed True Air Sdn Bhd, has announced that it will discontinue its operations — the second homegrown airline to have ceased operations post the Covid-19 pandemic. Budget carrier MYAirline Sdn Bhd had suspended its operations in October 2023 due to financial pressures.</p>


SKS Airways ceases operations after two years

<p>Former prime minister Tan Sri Muhyiddin Yassin will have all of his Jana Wibawa charges tried in one court instead of two separate courts.</p>


Muhyiddin’s seven Jana Wibawa charges to be heard in one court

<p>The potential implementation of export limitations by the US government on artificial intelligence (AI) chips is not expected to impact the operations of existing data centres in Malaysia, according to deputy minister of investment, trade and industry (Miti) Liew Chin Tong.</p>


Malaysia's data centres unaffected by US AI chip export restrictions, says deputy Miti minister

<p>Despite incoming US President Donald Trump's pledge to impose sweeping 60% tariffs on all Chinese imports, the implementation is likely to be far less drastic, according to Affin Bank’s chief economist Alan Tan Chew Leong. &nbsp;</p>


Impact of Trump's proposed tariffs on Chinese imports likely to be less severe than feared for region — Affin Bank

<p>Nate Anderson, the short seller who made his name with campaigns targeting billionaires Gautam Adani, Jack Dorsey and Carl Icahn, said he’s disbanding his small but renowned firm, Hindenburg Research.&nbsp;</p>


Short seller Nate Anderson says he’s disbanding Hindenburg

<p>Petroliam Nasional Bhd (Petronas) appears to have retained the lucrative natural gas exports business, while Sarawak will control the domestic gas aggregation in the state, Kenanga Investment Bank said.</p>


Petronas' spending cuts likely less than feared as S'wak gas exports business intact, says Kenanga as O&G services stocks rally

<p>Stocks surged on Thursday, extending momentum from the previous session when data showed an easing in core US inflation that raised expectations for Federal Reserve cuts and sent global bond yields lower.</p>


<p>Former prime minister Datuk Seri Najib Razak said that he was using Low Taek Jho (Jho Low)&nbsp;for his international connections, and denied that the now-fugitive was carrying out his bidding&nbsp;to misappropriate funds from troubled 1Malaysia Development Bhd (1MDB).</p>


Najib says he was using Jho Low's international connections, not to misappropriate 1MDB funds

<p>Former prime minister Datuk Seri Najib Razak said that he wished former 1Malaysia Development Bhd (1MDB) chairman Tan Sri Mohd Bakke Salleh had seen him in person before his resignation from the strategic development firm.</p>
