Sri Lankan renewable energy producer Vidullanka plc is planning to sell the nation’s first publicly listed sukuk bond in coming weeks after efforts by the local bourse to kick start an Islamic finance market.

Sri Lanka firm plans nation’s first listed sukuk in coming weeks

The U.S. Justice Department is terminating $811 million in grants, including some impacting victim service programs ranging from trauma centers and sign language interpretation and police training, according to internal documents and two sources.

US Justice Dept grant cuts valued at $811 million, people and records say

Multiple carriers of petroleum-based gases traveling from the US to China have begun diverting to other countries due to the intensifying trade war between the world’s two largest economies. 

Four cargoes of propane have shifted their routes from China to alternate destinations over the past week, bound for countries including Japan and South Korea, according to a report from analytics firm Vortexa.

Trade war is diverting US petroleum gas cargoes away from China

President Donald Trump said his administration was talking with China on trade, after Beijing denied the existence of negotiations on a deal and demanded the US revoke all unilateral tariffs.

“They had a meeting this morning,” Trump said Thursday during a meeting with Norway’s prime minister when a reporter asked about the Chinese statement.

Trump says US talking with China on trade after Beijing’s denial

Wall Street investors weighing the impacts of Donald Trump’s trade war on Corporate America sent stocks climbing amid bets the Federal Reserve could cut rates sooner than anticipated to prevent a recession.

The S&P 500 rose 2% to the highest since the day Trump announced his tariff offensive.

Stock rally powers on as Alphabet up in late hours

Wall Street's main indices jumped on Thursday, as investors welcomed a handful of positive corporate earnings and signs that the US was open to de-escalating its trade war with China.

Software firm ServiceNow and toymaker Hasbro topped the S&P 500, rising 14.8% and 15.7%, respectively, after both companies reported better-than-expected quarterly results.

Wall Street turns higher on earnings, signs of softer US tariff stance

(April 25): Orders placed with US factories for business equipment barely rose in March, suggesting firms are growing cautious amid uncertainty surrounding tariffs and tax policy.

The value of core capital goods orders, a proxy for investment in equipment excluding aircraft and military...

US capital goods orders barely rise amid caution over tariffs

Prime Minister Lawrence Wong began the ruling People’s Action Party (PAP) election rally with a call for unity, urging voters not to let external forces or differing views on global issues divide the nation during the heat of the campaign.

Singapore GE2025: PM Wong calls for unity as PAP kicks off election rally

The Health Ministry (MOH) is offering 57,093 appointment slots for senior citizens with comorbidities to receive free influenza vaccinations.

The initiative, under the Influenza Immunisation Programme for Senior Citizens, is being implemented at 649 selected health clinics nationwide until the end of August.

Free influenza vaccines for senior citizens with comorbidities

The Royal Malaysian Police (PDRM) is ready to fully cooperate with the Malaysian Anti-Corruption Commission (MACC) in its investigation into two of its officers linked to false claims relating to the Command & Control, Communication & Computer Integration (C4i) system.

PDRM to fully cooperate with MACC's C4i false claims probe — IGP

Businesses across multiple industries are increasing prices, cutting financial guidance and warning of growing uncertainty as US President Donald Trump's trade war pushes up costs, up-ends supply chains and stirs concerns about the global economy.

Trump trade war spreads more gloom across businesses

A surge of complaints emerged on Thursday evening from investors across Bursa Malaysia, reporting that their accounts have been hacked and used for unauthorised trading activities.

Widespread hacks hit stock trading accounts in Malaysia

Datuk Muzaffar Hisham has resigned from his position as Malayan Banking Bhd’s (KL:MAYBANK) group chief executive officer of Islamic banking to helm Bank Pembangunan Malaysia Bhd (BPMB), according to sources.

Muzaffar Hisham leaves Maybank's Islamic arm, said to be headed for top role at Bank Pembangunan

Magma Group Bhd (KL:MAGMA), which is primarily in hotel management and property development, announced the emergence of several new substantial shareholders on Thursday, including former national badminton player Datuk Wira Lee Chong Wei.

Lee Chong Wei among Magma's newly emerged substantial shareholders after land deal

Crypto’s richest man, Changpeng Zhao, was in a playful mood as he addressed a packed house at the Ritz-Carlton in Kuala Lumpur, just seven months after his release from a low-security California prison.&nbsp;

In KL, Binance billionaire Zhao guides regulators to relax crypto rules

IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial Real Estate Investment Trust (KL:IGBCR) will see their former group chief financial officer Chai Lai Sim return from retirement to take the helm at both REITs.

IGB REITs bring former CFO Chai Lai Sim out of retirement as new CEO

Pantech Global Bhd announced a special dividend of one sen after its fourth quarter net profit jumped 373% from the previous quarter, driven by a gain on bargain purchase and two months of earnings from newly acquired companies.

Pantech Global declares special dividend after gain on bargain purchase

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

ViTrox, Unisem, Atlan, Luxchem, Pantech Global, Chin Hin, Ajiya, Binastra, Magma, IGB REIT, IGB Commercial REIT, Steel Hawk, Perdana Petroleum

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Stock markets work only if they are a ‘growth enabler’, not a cashing-out machine

Wall Street's main indices jumped on Thursday, as investors welcomed a handful of positive corporate earnings and signs that the US was open to de-escalating its trade war with China.

Software firm ServiceNow and toymaker Hasbro topped the S&amp;P 500, rising 14.8% and 15.7%, respectively, after both companies reported better-than-expected quarterly results.

Businesses across multiple industries are increasing prices, cutting financial guidance and warning of growing uncertainty as US President Donald Trump's trade war pushes up costs, up-ends supply chains and stirs concerns about the global economy.

Kumpulan Jetson Bhd’s board faces a new removal attempt by minority shareholders, who claim to hold at least 10% of shares, giving them the right to call an EGM to vote on removing the board and appointing new directors.

Kumpulan Jetson’s board faces third removal attempt since December 2023

Construction group Binastra Corporation Bhd (KL:BNASTRA) is buying a 40.8% stake in thermal energy firm LF Lansen Sdn Bhd for RM15 million cash — which comes with a call option for the group to up its interest to a controlling 51% — to expand into the energy-efficient engineering solutions sector.

Binastra buys 40.8% stake in thermal energy firm, with an eye on gaining controlling stake

Chin Hin Group Bhd (KL:CHINHIN) completed its purchase of an additional 12.27% stake in Ajiya Bhd (KL:AJIYA) for RM54.2 million, raising its stake in the building materials maker to 66.36%.

According to a bourse filing on Thursday, Chin Hin acquired the 37.38 million shares in a direct business transaction at RM1.45 apiece on Wednesday from major shareholder Yeo Ann Seck.

Chin Hin completes 12.27% stake buy in Ajiya for RM54.2 mil

ICT Zone Asia Bhd (KL:ICTZONE) on Thursday inked an agreement with Malacca Securities Sdn Bhd and Kenanga Investment Bank Bhd to underwrite its transfer listing from the LEAP Market to the ACE Market of Bursa Malaysia.

ICT Zone sticks to 2Q ACE Market listing target, secures Malacca Securities, Kenanga IB as underwriters

The Health Ministry (MOH) is offering 57,093 appointment slots for senior citizens with comorbidities to receive free influenza vaccinations.

The initiative, under the Influenza Immunisation Programme for Senior Citizens, is being implemented at 649 selected health clinics nationwide until the end of August.

Toyo Ventures Holdings Bhd (KL:TOYOVEN), which is disputing the termination of its Vietnam power plant project with the Vietnamese government in hopes of a resolution, announced on Thursday that the Export-Import Bank of Malaysia (EXIM Bank) is going to terminate its mandate as the exclusive lead arranger for project.

EXIM Bank pulls out as lead arranger for Toyo Ventures' Vietnam power plant

Perdana Petroleum Bhd (KL:PERDANA) said its wholly owned subsidiary Intra Oil Services Bhd (IOS) has been sued by Azsat Global Sdn Bhd, claiming RM6.7 million for loss of revenue after IOS terminated contracts for services of its vessels to Azsat.

Perdana Petroleum's unit sued over lost revenues after contract termination

Malaysian Genomics Resource Centre Bhd (KL:MGRC) announced on Thursday the redesignation of its managing director, Leong Yien Hung, to the role of executive chairman.

MGRC redesignates Leong Yien Hung to executive chairman

Energy-related services provider Reservoir Link Energy Bhd (KL:RL) has received a work order award from Petronas Carigali Sdn Bhd for the provision of light weight well testing services.

Reservoir Link appointed as panel contractor for light weight well testing services

President Donald Trump said his administration was talking with China on trade, after Beijing denied the existence of negotiations on a deal and demanded the US revoke all unilateral tariffs.

“They had a meeting this morning,” Trump said Thursday during a meeting with Norway’s prime minister when a reporter asked about the Chinese statement.&nbsp;

Ashutosh Joshi & Asantha Sirimanne