Singapore prosecutors told a court on Thursday that a case in which Singapore-based firms have been accused of fraudulently supplying US servers to Malaysia involves transactions worth US$390 million (RM1.7 billion).

Singapore prosecutors say US server fraud case involves US$390m of transactions

Donatella Versace is to step down from her role as chief creative officer of the Versace brand after almost three decades at the company founded by her late brother Gianni, owner Capri Holdings said on Thursday.

Donatella Versace steps down as design chief amid talks of sale 

Shares in City Developments Ltd (CDL) closed 15 Singapore cents (50 sen) higher, or 3.04% up, at S$5.09 on March 13, a day after executive chairman Kwek Leng Beng said he would drop legal action against group CEO Sherman Kwek.

CDL shares close 3% higher after Kwek Leng Beng drops legal action

US wholesale inflation stagnated in February thanks to a decline in services costs, but details for the Federal Reserve’s preferred inflation gauge were less favourable.

US producer prices stall while details suggest firmer Fed gauge

US President Donald Trump on Thursday threatened to slap a 200% tariff on all wines and other alcoholic products coming out of Europe if the European Union does not scrap its planned tax on American whiskey.

Trump threatens 200% wine tariff if EU does not relent on whiskey

Thailand’s largest meat producer Charoen Pokphand Foods PCL will accelerate the initial public offering (IPO) and listing of its biggest offshore unit to fund expansion.

Biggest Thai meat producer to speed up IPO of offshore unit

The number of Americans filing new applications for unemployment benefits fell last week, but sharp government spending cuts and an escalating trade war threaten labour market stability.

US weekly jobless claims fall amid labour market stability

For years, investors have talked of Apple Inc as a potential port of safety in times of market turmoil. That hasn’t been borne out this time around.

Apple shares are losing haven allure as headwinds deter bulls

Simon Miao, a Hong Kong resident, signed up for a food-delivery subscription with Deliveroo during the pandemic, but he later cancelled it because the monthly fee, which tops out at HK$98 (US$12.61 or RM55.94), didn’t bring many perks.

Deep-pocketed Meituan looks to build on its Hong Kong victory

Workers recruitment and management company Manforce Group Bhd (KL:MFGROUP) is eyeing a transfer of its listing from Bursa Malaysia’s LEAP Market to the ACE Market.

LEAP Market-listed Manforce Group plans transfer to ACE Market

Construction company Wawasan Dengkil Holdings Bhd has attracted RM124.17 million worth of applications from retail investors — seven times more than the amount it plans to raise from its initial public offering.

Wawasan Dengkil’s ACE Market IPO attracts over RM124m in retail interest

KUALA LUMPUR (March 13): Hextar World at Empire City has signed key tenants at its signing ceremony on Thursday in preparation for its 4Q2025 opening.

Key anchor tenants include the Malaysia National Ice Skating Stadium (MYNISS) by Koperasi Industri Sukan Atlet Malaysia Bhd, an Olympic-...

Hextar World at Empire City secures major tenants ahead of 4Q2025 launch

In 2023, Malaysians unknowingly lost RM2.99 billion due to hidden foreign exchange (FX) fees, according to research commissioned by UK-based financial technology company, Wise.

Malaysians lost almost RM3b in 2023 due to hidden foreign exchange fees — Wise study

Singapore prosecutors told a court on Thursday that a case in which Singapore-based firms have been accused of fraudulently supplying US servers to Malaysia involves transactions worth US$390 million (RM1.7 billion).

SumiSaujana Group Bhd has opened applications for its initial public offering (IPO) at 24 sen per share that could raise up to RM96 million for its ACE Market listing.

Chemicals firm SumiSaujana opens applications for ACE Market IPO at 24 sen

KUALA LUMPUR (March 13): Bursa Malaysia Bhd’s (KL:BURSA) earnings will take a hit if the exchange is forced to shell out more to help fund the securities regulator’s operations, said BIMB Securities.

Bursa's earnings will take a hit if forced to share more with SC, BIMB cautions

Hibiscus Petroleum Bhd (KL:HIBISCS) has declared a third interim dividend of two sen per share for the financial year ending June 30, 2025 (FY2025), with the extension of one of its production sharing contracts (PSCs).

Hibiscus secures extension for production sharing contract, announces third interim dividend for FY2025

The worst of the US equity correction may be over, with credit markets indicating a lower risk of recession, according to JPMorgan Chase &amp; Co.

Worst of US equity correction likely over, JPMorgan says

Gold’s burgeoning safe-haven allure may see it surge to a record high of US$3,500 (RM15,522) an ounce during the third quarter, according to Macquarie Group analysts.

Gold may rise as high as US$3,500 in 3Q, Macquarie says

Former prime minister Datuk Seri Ismail Sabri Yaakob provided his statement to the Malaysian Anti-Corruption Commission (MACC) on Thursday.

MACC quizzes ex-PM Ismail Sabri, expected to continue tomorrow

The tenures of Chief Judge of Malaya Datuk Seri Hasnah Mohammed Hashim and two Federal Court judges Datuk Zabariah Mohamad Yusof and Datuk Hanipah Farikullah will be extended for six months, after they reach the judicial retirement age of 66.

Tenures of Chief Judge of Malaya, two Federal Court judges extended

S P Setia Bhd (KL:SPSETIA) has completed Emporia, which was handed over on Feb 22, its first shop office development in Setia Alamsari, ahead of schedule, with 90% of units pre-leased before vacant possession.

S P Setia’s Emporia handed over ahead of schedule with 90% pre-leased; soft launch of bungalows and semidees in May

Specialty chemicals manufacturer SumiSaujana Group Bhd, which is set to list on Bursa Malaysia’s ACE Market in April, is looking to expand its presence in the Middle East and North America to capture new growth opportunities and mitigate high freight costs.

ACE Market-bound SumiSaujana eyeing global expansion amid rising demand, says CEO

KUALA LUMPUR (March 13): Global economy growth is expected to slow this year, weighed down by trade tensions, policy uncertainties, and geopolitical risks, according to Moody’s Analytics.

Global economy fragile, growth to slow to 2.4% this year — Moody’s

THE Employees Provident Fund is set to declare its highest ever dividend payout on March 1 for 2024, with the dividend rate likely beating 2023’s 5.5% for conventional savings and 5.4% for shariah savings. Yet in the run-up to the stellar showing, EPF’s equity traders’ decision to sell close to 1...

Cover Story 2: EPF cites insider trading rules on MAHB share trades as critics decry missed profits

Construction company Wawasan Dengkil Holdings Bhd has attracted RM124.17 million worth of applications from retail investors — seven times more than the amount it plans to raise from its initial public offering.&nbsp;

KUALA LUMPUR (March 13): Five years after the onset of the Covid-19 pandemic, the global economy has largely recovered, with corporate credit quality making a strong comeback, according to Moody’s Ratings. &nbsp;&nbsp;

Global corporate credit quality rebounds five years after pandemic impact but some sectors remain affected —  Moody's

Former army doctor Dr R Kunaseegaran’s defence lawyer told a three-member Federal Court bench that Kunaseegaran could not have played any role in the murder of deputy public prosecutor Datuk Kevin Morais, as Kunaseegaran was not physically present in a meeting to discuss Morais’ abduction that led to his murder.

Kunaseegaran not physically present in meeting to discuss Kevin Morais’ murder, claims defence lawyer

KUALA LUMPUR (March 13): Parkson Credit Sdn Bhd has tapped among others, its principal adviser HSBC Amanah Malaysia Sdn Bhd, for a RM1 billion sukuk wakalah programme&nbsp;to raise RM333 milion for its expansion plans.

Motorcycle financier Parkson Credit raises RM333m in maiden sukuk issuance to drive expansion

A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI up 1.7% to 1,510.03 on March 13, 2025

KUALA LUMPUR (March 13): Austrian circuit board maker AT&amp;S has secured a US$250 million (RM1.1 billion) loan from the World Bank’s International Finance Corporation (IFC) to finance its substrate plant in Malaysia.

Bing Hong Kok

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