This article first appeared in The Edge Financial Daily, on February 4, 2016.

 

ALOR SETAR: Bakar Bata state assemblyman Datuk Seri Ahmad Bashah Md Hanipah was named as the new  menteri besar of Kedah yesterday to take over from Datuk Seri Mukhriz Mahathir t...

Mukhriz resigns

This article first appeared in The Edge Financial Daily, on January 26, 2016.

 

LANGKAWI: The group who wanted to oust Datuk Seri Mukhriz Mahathir as the Kedah menteri besar were those who had caused Umno to lose the state in the 2008 general election, former pri...

Dr M: Anti-Mukhriz group caused Umno to lose Kedah in 2008

This article first appeared in The Edge Financial Daily, on January 21, 2016.

Mohd Hashim to head polls commission

This article first appeared in The Edge Financial Daily, on January 20, 2016.

Adenan: Devolution of power a complex matter

This article first appeared in The Edge Financial Daily, on January 18, 2016.

 

KUALA LUMPUR: Prime Minister Datuk Seri Najib Razak said the government remains committed to fighting any form of terrorism, racialism and religious extremism.

He said such ...

Govt committed to fighting terrorism

This article first appeared in The Edge Financial Daily, on January 15, 2016.

Strong, united leadership team vital, says PM

This article first appeared in The Edge Financial Daily, on January 15, 2016.

 

KUANTAN: The operation to clean areas affected by bauxite mining activities here began yesterday, in line with a directive issued by Prime Minister Datuk Seri Najib Razak on Wednesday...

 Clean-up of bauxite mining areas begins

This article first appeared in The Edge Financial Daily, on January 11, 2016.

 

KUANTAN: The Malaysian Anti-Corruption Commission (MACC) has called another six Pahang Land and Mines Department officials to help with investigations into corruption involving bauxit...

MACC calls up more officials in mining probe

This article first appeared in The Edge Financial Daily, on December 4, 2015.

 

KUALA LUMPUR: The Home Ministry said yesterday there is no question of any delay in the investigation into the murder of deputy public prosecutor Anthony Kevin Morais.

No delay in probe into DPP’s murder — home ministry

This article first appeared in The Edge Financial Daily, on December 3, 2015.

 

KUALA LUMPUR: The Kampung Baru Development Corp (KBDC) will appoint a consultant to intensify efforts to trace the village’s landowners or their beneficiaries through a “Jejak Waris” ...

Consultant to trace owners to resolve Kampung Baru land issues

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

US blacklists Chinese AI developer and co that ordered TSMC chip found in Huawei processor

KUALA LUMPUR (Jan 16): CBH Engineering Holding Bhd (KL:CBHB) rose 18% on Thursday in Bursa Malaysia’s Ace Market trading debut, following robust demand during the engineering services firm’s initial public offering (IPO).

CBH Engineering rises 18% in Ace Market trading debut

SEOUL (Jan 16): South Korea's central bank unexpectedly left its policy interest rate unchanged on Thursday, weighing the impact of its back-to-back cuts last year, while supporting the won which weakened to a 15-year low versus the US dollar in recent weeks.

Bank of Korea unexpectedly holds policy rate amid won slide

MORNING CALL: 16/1/25

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.

Short seller Nate Anderson says he’s disbanding Hindenburg

Malaysia’s two biggest airlines, Malaysia Airlines and AirAsia, said they will continue to communicate closely with their suppliers to manage cost inflation in 2025, amid challenges from supply chain headwinds to inflation, although both are divided on the outlook for the year.

AirAsia, Malaysia Airlines divided on 2025 outlook, to manage cost inflation

Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year.

Equities erased their losses for 2025, with the S&P 500 up about 2% in its biggest gain since the aftermath of the US election.

Wall Street has best CPI day since at least 2023

Shares in Asia were set to follow Wall Street higher after new data showed core inflation cooling in the US, keeping alive the prospect of Federal Reserve rate cuts this year.

Equity futures for Australia, Japan and Hong Kong all rallied.

Asian stocks primed for gains after US inflation

Malaysia-based Gamuda Bhd (KL:GAMUDA) and its London-based joint venture partner, real estate investor Castleforge, broke ground for 75 London Wall — a £1.2 billion (RM6.59 billion) redevelopment project — in the City of London on Wednesday.

Previously known as Winchester House and the UK headquarters of Deutsche Bank, Gamuda and Castleforge acquired the building in February 2023 in a 75:25 joint venture.

Gamuda, Castleforge break ground for £1.2 bil redevelopment project in London

Slovak Prime Minister Robert Fico looks set to survive an upcoming no-confidence vote after rebel lawmakers in one ruling coalition party said they would not support the motion.

Opposition parties said on Tuesday they were initiating a no-confidence vote against Fico's leftist-nationalist government, accusing him of dragging the country's foreign policy closer to Russia while doing little to fix problems at home.

Slovakia's Fico set to survive no-confidence vote as coalition rebels backing him

Malaysia-based Gamuda Bhd (KL:GAMUDA) and its London-based joint venture partner, real estate investor Castleforge, broke ground for 75 London Wall — a £1.2 billion (RM6.59 billion) redevelopment project — in the City of London on Wednesday.

Previously known as Winchester House and the UK headquarters of Deutsche Bank, Gamuda and Castleforge acquired the building in February 2023 in a 75:25 joint venture.

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

MAHB, Southern Score Builders, SC Estate Builder, KJTS, Sunview, Poh Kong, VS Industry, AZRB, Rexit

Malaysia’s two biggest airlines, Malaysia Airlines and AirAsia, said they will continue to communicate closely with their suppliers to manage cost inflation in 2025, amid challenges from supply chain headwinds to inflation, although both are divided on the outlook for the year.

A husband and wife, who own a travel agency, were arrested in Kuala Lumpur at 7pm on Wednesday in connection with allegations of failing to fly out a group of umrah pilgrims on Tuesday.

Selangor police chief Datuk Hussein Omar Khan said the Commercial Crime Investigation Department (CCID) of the Selangor police contingent headquarters (IPK) also seized several computers, passports and related documents.

Failure to fly out umrah pilgrims: Couple who owns travel agency arrested

Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives extended its downtrend on Wednesday on weaker demand from key market destinations, namely India, China and the European Union.

CPO futures extend downtrend on weaker demand

Prime Minister Datuk Seri Anwar Ibrahim on Wednesday met his UK counterpart, Sir Keir Starmer, and discussed about elevating the relations between both countries to strategic partnership covering all spheres.

“The focus and the fundamentals is of course economics, but also defence and education,” he told reporters after meeting Starmer at No 10, Downing Street, on Wednesday.

Malaysia, UK discuss elevating relations to strategic partnership

Shares in Asia were set to follow Wall Street higher after new data showed core inflation cooling in the US, keeping alive the prospect of Federal Reserve rate cuts this year.

Equity futures for Australia, Japan and Hong Kong all rallied.

Prime Minister Datuk Seri Anwar Ibrahim is meeting his UK counterpart Sir Keir Starmer here on Wednesday.

Anwar, who arrived here on Tuesday for a five-day working visit to the UK, was received by Starmer at his office at No 10, Downing Street at 1pm (9 pm Malaysian time).

Anwar meets UK prime minister

JPMorgan Chase's annual profit rose to a record as its dealmakers and traders reaped a windfall from rebounding markets in the fourth quarter (4Q), it reported on Wednesday.

The largest US bank also forecast its net interest income (NII), or the difference between what it earns on loans and pays out on deposits, would rise above analysts' expectations this year, despite repeated warnings that high NII growth was unsustainable.

JPMorgan earns biggest-ever annual profit as investment bankers ride rebound

US consumer prices rose in December by less than forecast after months of faster underlying inflation persuaded the Federal Reserve to signal a pause in interest-rate cuts.

The so-called core consumer price index (CPI) — which excludes food and energy costs — increased 0.2% after rising 0.3% four straight months, Bureau of Labor Statistics figures showed on Wednesday.

US core inflation eases for first time in six months

Four locals, including a woman, have been arrested for their alleged involvement in a syndicate selling non-existent vehicle registration numbers in several states.

Perak acting police chief DCP Zulkafli Sariaat confirmed that the arrests of individuals aged between 27 and 52 were made during separate raids from Jan 10 to 14. The operation followed a report made on Jan 8 by a 22-year-old victim who claimed to have been scammed by the syndicate.

Four arrested for selling fake vehicle registration numbers

Wall Street breathed a sigh of relief after a surprise slowdown in inflation spurred a stock rally and a plunge in bond yields, reinforcing bets the Federal Reserve is on track to keep cutting rates this year.

Equities erased their losses for 2025, with the S&amp;P 500 up about 2% in its biggest gain since the&nbsp;aftermath of the US election.

US health officials banned the artificial food colouring Red No 3, which has been linked to cancer and is currently in scores of products from candy to cold medicine. 
&nbsp; 
The dye will no longer be allowed in US food or ingested drugs starting Jan 15, 2027, according to a Food and Drug Administration (FDA) document posted online.&nbsp;

US bans cancer-linked Red Dye No 3 in cereal and other foods

The First Meeting of the Asean+3 Working Committee has agreed to set the Priority Economic Deliverables (PEDs) for Asean 2025, which include increasing access to sustainable and fair climate transition financing, said the Ministry of Finance (MOF).

Asean+3 Working Committee meeting outlines Asean's 2025 main economic priorities

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;

KUALA LUMPUR (Jan 16): CBH Engineering Holding Bhd (KL:CBHB) rose 18% on Thursday in Bursa Malaysia’s Ace Market trading debut, following robust demand during the engineering services firm’s initial public offering (IPO).

Citigroup beat estimates for fourth-quarter (4Q) profit, fuelled by strength in trading and dealmaking, and announced a US$20 billion (RM90.02 billion) buyback programme as it cut a closely watched return target.

Citigroup 4Q profit beats estimates on trading strength, but cuts return targets after 'critical' year

OPEC forecast on Wednesday world oil demand in 2026 will rise at a similar rate to this year, while reducing its figure for 2024 for a sixth time, following economic weakness in China, the world's biggest importer of oil.

The 2026 forecast is in line with the Organization of the Petroleum Exporting Countries' view oil use will rise for the next two decades, in contrast to the West's International Energy Agency that predicts it will peak this decade as the world shifts to cleaner energy.

In first look at 2026, OPEC predicts ongoing oil demand growth

Polish Prime Minister Donald Tusk accused Russia of planning to carry out “acts of air terror” against airlines worldwide as he urged European partners to join forces in countering Moscow’s alleged sabotage attempts.

Poland’s Tusk says Russia planned terror acts against airlines

Donald Trump's choice for attorney general, Pam Bondi, vowed on Wednesday not to use the US Justice Department to target people based on their politics, seeking to allay concerns the president-elect will use law enforcement to go after his opponents.

"There will never be an enemies list within the Department of Justice," Bondi told the Senate Judiciary Committee.

Bernama/The Malaysian Insider

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Bernama/The Malaysian Insider

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