China's financial regulator encouraged banks and insurers to enhance medium- to long-term lending support for technology innovation and equipment upgrades in sectors including steel, non-ferrous metals and petrochemicals.

China encourages banks to extend more financial support to sectors including steel

Jens-Frederik Nielsen, a 33-year-old former minister of industry and minerals, was sworn in as the youngest prime minister of Greenland on Friday to face the challenges posed by US President Donald Trump's ambitions to control the Arctic island.

Greenland's new prime minister takes office facing challenge from Trump

Apple Inc and Meta Platforms Inc are set to be hit by fines under the European Union’s (EU) Big Tech competition rulebook towards the end of next week, with the iPhone maker facing the added threat of recurring penalties under the bloc’s Digital Markets Act (DMA).

Apple, Meta face modest fines as EU seeks to avoid US spat

This year’s Hari Raya Aidilfitri festive season has seen smoother air travel, particularly for those returning to Sabah and Sarawak.

Transport Minister Anthony Loke said this was due to the absence of complaints from the public about difficulties in securing flight tickets to their hometowns.

Smoother air travel this Aidilfitri, no complaints over flight tickets — Loke

Traffic flow on several major expressways has been reported to continue to be moving slowly tonight due to a rise in the number of vehicles heading out of the city centre, as city dwellers return to their hometowns to celebrate Hari Raya Aidilfitri.

Slow traffic flow, vehicle numbers expected to increase on major expressways

Transport Minister Anthony Loke has assured that a thorough investigation will be carried out into the fatal crash that claimed five lives on the North-South Expressway near Kluang, Johor on Thursday.

Loke assures thorough probe into Kluang fatal crash

Prime Minister Keir Starmer came to power last year promising a growth boost but ended up presiding over a slump. Nine months on, however, the British economy may finally be turning the corner.

The UK economy is starting to emerge from stagnation

China's three big state-owned airlines posted their fifth straight year of losses this week, citing domestic market competition, low international and business travel demand, supply chain problems and currency depreciation as challenges.

China's top airlines post fifth year of losses in 2024 in the face of domestic competition 

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

MN Holdings, Genting, MMAG, LSH Capital, Able Global, Kerjaya Prospek Property, Yinson, GUH Holdings, DNeX and Sarawak Cable

Huawei Technologies Co executives would likely have known about — and signed off on — alleged bribes to European Union (EU) lawmakers in 2021, according to Belgian judicial authorities.

Huawei bosses likely knew of alleged EU bribes, say Belgians 

A weekly round-up of tanker and dry bulk market (March 28, 2025)

Baltic Exchange shipping updates: March 28, 2025

Hong Kong tycoon Li Ka-shing's CK Hutchison will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group, a source with direct knowledge of the matter said, amid growing pressure from Beijing.

CK Hutchison will not sign deal to sell strategic Panama ports next week — Reuters

MMAG Holdings Bhd (KL:MMAG) on Friday announced that Datuk Farhash Wafa Salvador has emerged as its largest shareholder, after acquiring a 20% stake or 462 million shares earlier this week.

Farhash Wafa emerges as MMAG’s largest shareholder, named chairman

Dagang Nexchange Bhd (KL:DNEX) said it is seeking a court order to set aside an arbitration ruling against its units, DNeX Semiconductor Sdn Bhd and SilTerra Malaysia Sdn Bhd, in a dispute between the two firms and China-based Tethystronics Technologies Company Ltd (TTCL).

DNeX goes to court in bid to overturn arbitration ruling against its units

Residents in several areas in Penang on Friday also felt tremors due to a strong 7.7 magnitude earthquake that shook an area 16 kilometres northwest Sagaing, Myanmar.

Tremors felt in Penang after earthquake hits Myanmar

Able Global Bhd (KL:ABLEGLOB) said its executive chairman Ng Keng Hoe was charged with abetment of dishonest misappropriation on Tuesday.

Able Global chairman Ng Keng Hoe charged with abetment of dishonest misappropriation

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI down 1.44% to 1,513.65 on March 28, 2025 

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

KUALA LUMPUR (March 28): Kenanga Research has adjusted its valuations for outsourced semiconductor assembly and test (OSAT) players, citing a softening global semiconductor cycle.

In a sector update released on Friday, Kenanga Research announced a reduction in the price-earnings ratio (...

Kenanga lowers valuations for chip packaging, testing firms as semiconductor cycle softens

Yinson Holdings Bhd’s (KL:YINSON) latest quarterly net profit halved to RM146 million from RM278 million a year earlier, mainly due to lower contribution from its engineering, procurement, construction, installation and commissioning (EPCIC) business. Earnings per share dropped to 3.8 sen from 8.4 sen.

Yinson's 4Q net profit halves on lower contribution from EPCIC business, higher finance costs

The powerful earthquake that hit Myanmar on Friday damaged buildings and public infrastructure and there are concerns for the state of large dams, the Red Cross said on Friday.

Six states and regions are most impacted — particularly in the northwest of the country, the Red Cross said.

Myanmar quake damaged buildings and infrastructure, causes concern over dams, Red Cross says

Wall Street's primary indices fell sharply on Friday, as data underscored underlying price pressures, stoking fears that the Trump administration's tariff manoeuvres could further exacerbate inflationary trends.

Wall St dives as fresh data ignites inflation concerns

SumiSaujana Group Bhd's initial public offering (IPO) was oversubscribed 1.85 times by retail investors ahead of its listing on the ACE Market.

Chemicals firm SumiSaujana closes IPO applications with 1.85 times oversubscription

MSM Malaysia Holdings Bhd (KL:MSM), a 51%-owned subsidiary of FGV Holdings Bhd (KL:FGV), announced on Friday the return of former chief financial officer (CFO) Ab Aziz Ismail, who will reassume the role effective April 1.

Ab Aziz Ismail to return as CFO of MSM

President Donald Trump is about to reopen a trade-war front with China left over from his first term: protecting American business from copycats.

Trump targets Chinese IP theft again as firms lament slow fixes 

Kerjaya Prospek Property Bhd (KL:KPPROP) has proposed a rights issue of shares and redeemable convertible unsecured loan stocks (RCULS) to raise up to RM147.18 million, mainly to fund property development projects and repay loans.

Kerjaya Prospek Property plans to raise RM147 mil via rights issue of shares, loan stocks

Consumer spending was weaker than expected again in February while a key inflation metric picked up, in a double whammy for the economy before the brunt of tariffs.

US consumer spending barely rises, key inflation gauge picks up

The terms of a mineral deal between Ukraine and the US have not yet been finalised, a senior Ukrainian official said on Friday, after a summary of Washington's latest offer showed it demanding all of Ukraine's natural resources income for years.

Ukraine says mineral deal not final; summary shows US demands more income

SoftBank Group Corp plans to create industrial parks for artificial intelligence across the US and is considering an investment of more than US$1 trillion (RM4.4 trillion), Nikkei reported.

SoftBank may pledge US$1 tril for AI effort in US — report

Electronic circuit board maker and property company GUH Holdings Bhd (KL:GUH) has announced its acquisition of 27.22 hectares of land in Semenyih for RM71.76 million.

GUH Holdings buys Semenyih land for RM71.7m

Software and systems developer NetX Holdings Bhd (KL:NETX) has proposed a share capital reduction to wipe out up to RM200 million of the company’s accumulated losses. &nbsp;

In a bourse filing on Friday, NetX said that the proposed share capital reduction will create a credit of up to RM200 million, which will be used to offset the company’s accumulated losses. &nbsp;

Amy Lv, Qiyi Li & Lewis Jackson