Telekom Malaysia Bhd (TM) will be investing between 14% and 18% of its annual revenue for the financial year ending Dec 31, 2021 (FY21) for capital expenditure (capex) purposes, said its chief executive officer Imri Mokhtar.

TM to invest 14% to 18% of FY21 revenue for capex

Being a cloud service provider (CSP), Telekom Malaysia Bhd (TM) will provide the core infrastructure of the cloud platform and the end solutions. 

“We will be working with the managed services providers (MSPs).

TM to provide core infrastructure of cloud platform

US President Donald Trump nominated Federal Reserve governor Michelle Bowman to the central bank's top regulatory post as vice-chair for supervision where she is expected to oversee an agenda of relaxed rule-writing and bank oversight.

Trump nominates US Fed governor Bowman as vice-chair for supervision

The bank at the centre of Vietnam's biggest financial fraud has received a central bank bailout amounting 5% of the nation's 2024 economic output, which a local white knight hopes to repay in 15 years, documents seen by Reuters show.

Vietnam developer proposes 15-year rescue for bank at heart of giant fraud, documents show

Britain's Labour government will announce plans on Tuesday to cut the amount spent on supporting people with disabilities and long-term health conditions, seeking to tame a sharply rising welfare bill despite unrest among some of the party's lawmakers.

UK to cut welfare payments in bid to address spiralling costs

US Commerce department bureaus informed staffers in recent weeks that Chinese artificial intelligence model DeepSeek is banned on their government devices, according to a message seen by Reuters and two people familiar with the matter.

US Commerce department bureaus ban China's DeepSeek on govt devices — Reuters

Google-parent Alphabet is in advanced negotiations to buy Israeli cybersecurity company Wiz with an offer of more than US$30 billion (RM133.3 billion), according to a source familiar with the matter, marking its largest potential acquisition to date.

Alphabet back in talks to buy Israel's Wiz for over US$30b — Reuters

China hasn’t imported liquefied natural gas from the US for 40 days, the longest gap in almost two years, as traders are forced to divert shipments elsewhere to avoid Beijing’s tariffs on the super-chilled fuel.

China halts US LNG imports as trade war reroutes deliveries

US President Donald Trump said he would look to counter China’s economic advantage from coal-based electricity by authorising his administration to ramp up production of energy from the fossil fuel.

Trump says he’s authorising administration to produce coal power

Peruvian authorities declared a 30-day state of emergency in the nation’s capital city on Monday, after a singer’s murder again raised alarm about extortion rackets.

Peru declares state of emergency in Lima over slain singer

Home-grown electronics firm Creative Technology has retrenched about 40 staff, or 14% of its workforce, as the tech layoff wave continues its rampage, The Straits Times has learnt.

Creative Technology cuts workforce, adding to global wave of tech layoffs — report

Pacific Investment Management Co is increasingly negative on the outlook for German government bonds as the country edges close to a crucial pivot toward more public spending.

Pimco turns more negative on German bonds ahead of debt vote

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

MRCB, Sapura Energy, Solarvest, Salcon, Rohas Tecnic, HHRG, Jentayu, Focus Point, Catcha Digital, Poh Huat, Dutch Lady, AmanahRaya REIT

The Malaysian Anti-Corruption Commission (MACC) has given its assurance and commitment to look into any information linked to the investigation into former prime minister Datuk Seri Ismail Sabri Yaakob.

MACC chief says Ismail Sabri has a lot to answer to, vows thorough probe

Malaysia will receive two sets of electric train service (ETS) trains from China next month, said Transport Minister Anthony Loke.

Loke: Malaysia to receive two ETS train sets from China next month

Asia Poly Holdings Bhd (KL:ASIAPLY) has ceased to be a substantial shareholder in Ta Win Holdings Bhd (KL:TAWIN) after disposing of its entire 5.59% stake in the copper wire manufacturer&nbsp; via a direct business transaction.

Asia Poly disposes of entire stake in Ta Win

Volkswagen's Audi will cut up to 7,500 jobs in Germany by 2029 in areas like administration and development, the premium carmaker said on Monday, the latest German auto industry player to reduce costs.

Volkswagen's Audi to cut 7,500 jobs in administration, development by 2029

Wall Street's main indexes edged higher in choppy trading on Monday following the latest batch of economic data even as investors try to gauge the impact of the Trump administration's tariffs on the world's largest economy.

Wall Street inches higher after retail sales data

Hong Kong property magnate Lee Shau Kee, one of the city's richest men, died on Monday at the age of 97, Henderson Land, the group that he founded, said in a statement.

Lee Shau Kee, founder of Henderson Land Group, dies at 97 

Home-grown electronics firm Creative Technology has retrenched about 40 staff, or 14% of its workforce, as the tech layoff wave continues its rampage, The Straits Times has learnt.

Wall Street’s infamous dark pools are getting even darker.

Darker than a dark pool? Welcome to Wall Street’s ‘private rooms’

Top Philippine mobile wallet GCash could aim for at least US$8 billion (RM35.6 billion) in valuation when it goes public as soon as this year, its chairman said, as it urges regulators to ease rules to make way for its big listing.

Philippines’ GCash to seek at least US$8b IPO valuation 

The Kremlin confirmed that Russian President Vladimir Putin is due to speak to President Donald Trump on Tuesday amid the US push for a ceasefire in the war in Ukraine.

Russia says Putin to talk to Trump as US urges Ukraine truce

The Trump administration Monday insisted it had not violated a court order by expelling hundreds of alleged members of Venezuela’s Tren de Aragua gang to El Salvador for imprisonment, even as a federal judge ordered a halt to some deportations.

Trump expels hundreds under Enemies Act as court rebukes law

PepsiCo said on Monday it would buy prebiotic soda brand Poppi for US$1.95 billion (RM8.7 billion), expanding in the "healthier soda" category at a time when the company is battling falling demand for its traditional beverages and snacks.

PepsiCo to buy prebiotic soda brand Poppi for nearly US$2b

US homebuilder sentiment dropped to a seven-month low in March as tariffs on imported materials raised construction costs, a survey showed on Monday.

US homebuilder sentiment drops to seven-month low in March

Pacific Investment Management Co is increasingly negative on the outlook for German government bonds as the country edges close to a crucial pivot toward more public spending.

Alphabet's Google is preparing to partner with Taiwan's MediaTek on the next version of its AI chips, Tensor Processing Units, that will be made next year, the Information reported on Monday, citing people involved in the project.

Google preparing to partner with Taiwan's MediaTek on next AI chip — report

US President Donald Trump said he would look to counter China’s economic advantage from coal-based electricity by authorising his administration to ramp up production of energy from the fossil fuel.

Peruvian authorities declared a 30-day state of emergency in the nation’s capital city on Monday, after a singer’s murder again raised alarm about extortion rackets.

China hasn’t imported liquefied natural gas from the US for 40 days, the longest gap in almost two years, as traders are forced to divert shipments elsewhere to avoid Beijing’s tariffs on the super-chilled fuel.

The bank at the centre of Vietnam's biggest financial fraud has received a central bank bailout amounting 5% of the nation's 2024 economic output, which a local white knight hopes to repay in 15 years, documents seen by Reuters show.

Ahmad Naqib Idris & Sulhi Khalid