A safety warning system went off in a Delta Air Lines regional jet before it landed and flipped belly-up at Canada's largest airport in February, indicating a fast rate of descent, the country's Transportation Safety Board (TSB) said on Thursday in a preliminary report on the accident.

Fast descent warning triggered on Delta jet that landed belly-up in Toronto

Opec+ will likely stick to its plan to raise oil output for a second consecutive month in May, four sources told Reuters, amid steady oil prices and plans to force some members to reduce pumping to compensate for past overproduction.

Opec+ likely to proceed with planned May oil output hike, Reuters reports

US President Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on any trades made with the US.

Trump to impose 25% tariff on countries that buy oil, gas from Venezuela

Starting April 1, over 51,000 shops will be affected by a ban on displaying tobacco products at sales counters, according to the Ministry of Health (MOH).

Over 51,000 shops affected by tobacco display ban starting April 1 — MOH

Oil prices gained 1% on Monday as US President Donald Trump said he will impose 25% tariff on countries that buy oil, gas from Venezuela, and on the back of new US sanctions on Iranian exports.

Oil climbs 1% as Trump plans tariff on countries that buy Venezuelan oil, gas

India’s government will seek an exemption from President Donald Trump’s reciprocal tariffs when US officials arrive in the country Tuesday for talks over a bilateral trade agreement, people familiar with the matter said.

India to seek tariff reprieve in meeting with US officials, Bloomberg reports

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

Awantec, Ge-Shen, Tex Cycle, K Seng Seng, Agricor, IJM, Oasis Harvest, Axiata, Capital A, AAX, AME REIT, AME Elite, Nestcon, Advancecon, Borneo Oil, MHB, Catcha Digital, ICT Zone

The Malaysia External Trade Development Corporation (Matrade) has been given a target to increase the country’s export value of goods by 5% to RM1.58 trillion in 2025.

Matrade targets 5% increase in Malaysia's export value of goods this year

23andMe on Sunday filed for bankruptcy in the US after struggling with weak demand for its ancestry testing kits that once featured in Oprah Winfrey's annual list of favourite things, and following a 2023 data breach that damaged its reputation.

DNA testing firm 23andMe files for bankruptcy as demand dries up

President Donald Trump's plan to revitalise the US shipbuilding industry is likely to backfire because it relies on proposed fees on China-linked vessels that will hurt domestic ship operators and ports, industry executives will tell the US Trade Representative at hearings this week.

Trump's fees on Chinese ships will hurt US companies, maritime executives to tell hearing

Technology stocks led Wall Street's surge on Monday after signs the Trump administration is taking a measured approach on tariffs against its trading partners.

Wall Street surges as tariff optimism boosts tech stocks

Borneo Oil Bhd (KL:BORNOIL) said its indirect subsidiary Borneo Oil (Sabah) Sdn Bhd (BOS) has secured a licence from Petroliam Nasional Bhd (Petronas) as a Sabahan vendor.

Borneo Oil chosen as Petronas’ Sabah vendor, teams up with Chinese firm to bid for drilling projects

DBS Group's incoming CEO Tan Su Shan is open to "bolt-on" acquisitions, and will focus on boosting the Singaporean lender's high-return businesses such as wealth and transaction banking.

DBS' new CEO Tan open to 'bolt-on' acquisitions

Malaysian retail group Macrovalue is set to acquire all Cold Storage and Giant supermarkets in Singapore in a deal valued at S$125 million (RM414 million).

Malaysia's Macrovalue to acquire Cold Storage and Giant supermarkets in Singapore for RM414 mil

Former director general of Public Service (KPPA) Tan Sri Mohd Khairul Adib Abd Rahman has emerged as a substantial shareholder in NexG Bhd (KL:NEXG) — formerly Datasonic Group Bhd — with a 6.11% indirect stake.

Former Public Service DG emerges as substantial shareholder in NexG, chairman Hanifah now largest shareholder

BYD Co’s sales last year surpassed the US$100 billion (RM443.36 billion) mark, leapfrogging Elon Musk’s Tesla Inc on revenue, as the Chinese auto giant wows consumers with a range of electric and hybrid cars packed with high-tech features.

BYD’s sales soar as Chinese carmaker captures world’s attention

Capital A Bhd (KL:CAPITALA) on Monday said the cut-off date to dispose of its short-haul aviation business worth RM6.8 billion to its sister company AirAsia X Bhd (KL:AAX) has been extended for the second time, to May 30.

Cut-off date for AAX's takeover of Capital A’s aviation assets extended again, to May 30

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

AME Real Estate Investment Trust (KL:AMEREIT) has entered into a deal on Monday to acquire three industrial properties from its sponsor, AME Elite Consortium Bhd (KL:AME), for RM100.8 million.

AME REIT to acquire three industrial properties from AME Elite for RM100.8 mil

US President Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on any trades made with the US.

Catcha Digital Bhd (KL:CATCHA) has proposed to acquire a 92.5% stake in financial software company Theta Service Partner Sdn Bhd for RM34.96 million, as part of the company’s expansion into enterprise IT solutions and to diversify its revenue beyond digital media advertising.

Catcha Digital buys 92.5% stake in financial software firm Theta Service for RM35 mil

Cypark Resources Bhd (KL:CYPARK) said the government has revised the tipping fee for its waste-to-energy (WTE) facility in Negeri Sembilan, effective from its completion date of April 2023.

Cypark’s WTE plant tipping fee revised

Bank Negara Malaysia (BNM) said on Monday that it will facilitate financial sector innovation by leveraging emerging technologies such as asset tokenisation.

BNM governor says engaging global regulators to explore blockchain innovation for financial sector

Dewan Negara on Monday passed the Employees Provident Fund (EPF) (Amendment) Bill 2025, which aims to provide provisions regarding the obligation to pay contributions and contribution rates applicable to foreign workers.

Dewan Negara passes Employees Provident Fund (Amendment) Bill 2025

Dayang Enterprise Holdings Bhd (KL:DAYANG) said the group has secured three work orders from Petronas Carigali Sdn Bhd for the provision of accommodation workboat vessels.

Dayang wins workboat jobs from Petronas Carigali; EPF reemerges as substantial shareholder

China’s government appears in no rush to implement its budget, as Beijing preserves spending power to counter any damage inflicted by higher US tariffs.

China saving fiscal power for trade war as spending progress lags

Technology stocks led Wall Street's surge on Monday after signs the Trump administration is taking a measured approach on tariffs against its trading partners.

President Donald Trump's plan to revitalise the US shipbuilding industry is likely to backfire because it relies on proposed fees on China-linked vessels that will hurt domestic ship operators and ports, industry executives will tell the US Trade Representative at hearings this week.

Keretapi Tanah Melayu Berhad (KTM) services in the northern sector have been severely affected by a surge in signal cable theft incidents, leading to significant disruptions and raising serious concerns about the safety of passengers and cargo.

KTM services in northern sector severely affected due to cable theft — Loke

ICT Zone Asia Bhd (KL:ICTZONE), which is in the midst of being transferred from the LEAP Market to the ACE Market on Bursa Malaysia, reported a net profit of RM4.42 million for the second half ended Jan 31, 2025 (2HFY2025), down 16.8% from RM5.32 million a year earlier.

ICT Zone reports record FY2025 profit despite 2H dip over listing, staff costs

Construction outfit Nestcon Bhd (KL:NESTCON), through its wholly owned subsidiary Nestcon Infra Sdn Bhd, has secured a RM100 million contract from Alam Casana Sdn Bhd for earthworks covering an area of 242 acres in Mukim Kerling, Hulu Selangor, Selangor.

Allison Lampert, David Shepardson & Rajesh Kumar Singh