In celebration of the 50th anniversary of diplomatic relations between Malaysia and China, the inaugural 2024 Malaysia E-Commerce Product Selection Expo will be held from November 29 to December 1 at the Malaysia International Trade and Exhibition Centre (MITEC), Malaysia’s largest trade exhibition venue. Jointly organised by the Malaysia Guangdong Chamber of Commerce (MGCC) and hosted by JMM Exhibition, the expo aims to provide a direct platform for local businesses and consumers to connect with Chinese manufacturers, further solidifying bilateral trade relationships.

2024 Inaugural Malaysia E-Commerce Product Selection Expo to Launch on November 29

Data centres, where rows of servers quietly store and process terabytes of digital information, have become a magnet for Malaysian investment. In the latest announcement from the sector, Amazon Web Services (AWS) in August added a new region to its cloud computing infrastructure, powered entirely by Malaysian data centres. It has committed to invest around RM29.2 billion (USD6.2 billion) in Malaysia by 2038.

Data centre boom is a vote of confidence in Malaysia’s digital future

The location of a data centre is a critical factor that influences its efficiency and operational success. Power reliability, protection from natural disasters and security are top priorities for any data centre operator.

Powering up data centre operations at SPD Tech Valley

The influx of foreign direct investments for the data centre industry, coupled with the increasing adoption of cloud computing and artificial intelligence (AI), have led to a lucrative opportunity for industry players.

Making a mark in the evolving data centre landscape

Renowned for its sprawling, vibrant parkscapes with abundant greenery, the award-winning master-planned township of the City of Elmina by Sime Darby Property is ushering in a dynamic new chapter with the launch of Elmina City Centre.

15-minute City Living at Kanopi Residences, Elmina City Centre

The development of tech hubs and data centres is closely intertwined, with each driving and benefiting from the growth and advancement of the other. This is because tech hubs provide a fertile environment for innovation and business development, and data centres supply the essential infrastructure to support the growth of the digital economy.

Cyberjaya’s ideal location attracts data centre investments

WITH increased adoption of digital transactions and growing demand for cashless payments in recent years, it is important that businesses are well positioned to capitalise on these trends.

OCBC OneCollect Lets Malaysian Businesses Receive Cross-border Payments Digitally 

Imagine a place where curiosity is both encouraged and celebrated, where learning transforms into an adventure, and each student is inspired to reach their full potential. Sunway International Schools Kuala Lumpur (SISKL) embraces the belief in the transformative power of education, offering a holistic experience that prepares students for a global future. This belief can be experienced first-hand at the upcoming Open Day on 21 September 2024, Saturday, from 10:00am to 3:30pm at Sunway City Kuala Lumpur.

Experience Education in a New Light at Sunway International Schools

Achieving financial independence is a transformative goal that requires well thought out and consistent efforts. In the spirit of Jiwa Merdeka, Principal Asset Management is inviting Malaysians to embark on a journey towards financial independence through Investment-Principal, a feature that is available via Touch 'n Go eWallet's GOfinance. Investment-Principal empowers you to take control of your financial future. Backed by the experience and global expertise of one of the top asset management companies in Malaysia, you can invest with ease and confidence.

Building your financial masterpiece with Investment-Principal

When is your headache not just a headache? Before reaching for a painkiller, take note. Do you also have slurred speech, confusion, weakness or numbness in your face or limbs, nausea and vomiting, gait imbalance or blurred vision? If you do, call for help and get to the hospital fast because a severe headache that comes on suddenly, accompanied by the above symptoms, may signal an impending stroke.

Timely action can make a difference in stroke outcome

An Indian antitrust investigation has found US e-commerce giant Amazon and Walmart's Flipkart violated local competition laws by giving preference to select sellers on their shopping websites, according to confidential reports seen by Reuters.

India probe finds Amazon, Walmart's Flipkart breached antitrust laws

The European Commission said on Thursday it had received offers from electric vehicle makers in China for minimum import prices into the European Union as a way of avoiding tariffs, but had rejected all of them.

EU rejects minimum price offers from Chinese EV exporters

AirAsia X Bhd (KL:AAX) is one step closer to its planned acquisition of the aviation business of Capital A Bhd (KL:CAPITALA), which will pave the way for its parent company to be lifted out of its Practice Note 17 (PN17) status.

AAX gets Bursa's nod for listing of shares related to acquisition of Capital A's aviation business

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

CCK, Ecobuilt, RHB Bank, Green Packet, Chin Hin, NCT Alliance, Fiamma, Binastra, Hibiscus Petroleum, IOI Properties, ITMAX, MN Holdings, Reservoir Link Energy

Bina Darulaman Bhd (KL:BDB) has announced the resignation of Messrs KPMG PLT as its external auditor.

KPMG resigns as Bina Darulaman’s auditor, less than four months after reappointment

The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth in the euro zone falters, but gave few clues to its next step, even as investors bet on steady policy easing in the months ahead.

ECB cuts interest rates as growth dwindles

General Motors Co (GM) is in discussions to buy electric vehicle (EV) batteries that would use technology from China’s Contemporary Amperex Technology Co (CATL) and be assembled at a new plant slated to be built in the US, according to people familiar with the matter.

GM in talks to buy Chinese batteries made in US by Japan’s TDK

Microsoft said its cloud-based productivity software suite, which includes Word, Excel and Teams, among other widely used tools, has recovered after an outage impacted thousands of users on Thursday.

Microsoft says productivity software suite recovered after outage

The Sabah government has welcomed the RM300 million increase in the interim special grant from the federal government for next year.

Chief Minister Datuk Seri Hajiji Noor said this was announced by Prime Minister Datuk Seri Anwar Ibrahim during the Malaysia Agreement 1963 Implementation Action Council (MTPMA63) meeting here on Thursday.

Sabah welcomes RM600 million interim special grant from federal govt

Delta Air Lines Inc expects its full-year profit to be at or above the midpoint of its prior guidance, excluding the impact of a midsummer computer system outage, suggesting the carrier doesn’t see much lingering impact from a glitch that led to thousands of flight cancellations.

Delta sees annual profit trending higher despite tech outage

SUBANG (Sept 12): SIA Engineering Co Ltd (SIAEC), the maintenance, repair and overhaul (MRO) arm of Singapore Airlines Ltd, said less than 10% of its new hires in the country came from Malaysia Airlines’ engineering arm.

Less than 10% of our technical staff are from Malaysia Airlines, says SIA’s engineering unit amid poaching concerns

Oil and gas exploration and production group Hibiscus Petroleum Bhd (KL:HIBISCS) is proposing an additional one sen dividend per share for the financial year ended June 30, 2024 (FY2024).

Hibiscus raises FY2024 dividend to 8.5 sen, sees at least 8 sen payout for FY2025

Chin Hin Group Bhd (KL:CHINHIN)’s founder Datuk Seri Chiau Beng Teik has ceased to be a substantial shareholder in NCT Alliance Bhd (KL:NCT) after selling a 3.58% stake in the construction and property development company.

Chin Hin founder Chiau Beng Teik ceases to be substantial shareholder in NCT Alliance

IOI Properties Group Bhd (KL:IOIPG) is going to launch its IOI Industrial Park at Banting, Selangor by the second quarter of next year and is planning another one in Melaka that is expected to be launched two quarters later.

IOI Properties plans more industrial parks as it eyes 20% revenue contribution from the segment

Financial fraud investigator Richard Templeman said 1Malaysia Development Bhd (1MDB) has only paid Aabar Investment PJS Ltd, also known as the fake Aabar, US$2.2 billion and not US$3.5 billion as the fund claimed, based on his own findings.

Fraud investigator says 1MDB only paid US$2.2 bil to fake Aabars, not US$3.5 bil

India's palm oil imports in August fell more than a quarter from a month ago, primarily driven by sufficient domestic stocks and negative margins that discouraged refiners from purchasing more of the tropical oil, a leading trade body said on Thursday.

India's palm oil imports plunge as buyers shift to soyoil

The Road Transport Department (JPJ) seized 21 luxury multi-purpose vehicles (MPVs) used for operating illegal taxi services during a special operation against illegal taxis conducted in the Klang Valley from Sept 2 to 6.

JPJ seizes 21 luxury MPVs in crackdown on illegal taxis 

German Chancellor Olaf Scholz said he’s asked the European Union (EU) to suspend a new regulation designed to reduce deforestation to allow objections raised about the burden on the print sector to be addressed.

Germany's Scholz asks EU to delay deforestation law over print concerns

NEXTDC Ltd, an Australian data-centre operator, is seeking a A$2.9 billion (US$1.9 billion or RM8.38 billion) syndicated loan from banks to expand its operations in Asia.

NEXTDC seeks US$1.9b loan to expand data centres in Asia, including Malaysia

The fund management industry has surpassed the trillion-ringgit milestone since February this year, driven by robust performance in the equity markets, especially due to strong valuations in the United States, according to the Securities Commission Malaysia (SC).

Fund management industry surpassed trillion-ringgit benchmark in February — SC

Private equity firm Creador Sdn Bhd has signed an agreement with CCK Consolidated Holdings Bhd (KL:CCK) for a RM163.1 million investment to acquire a 40% stake in the poultry company's Indonesian unit, PT Adilmart Tbk.

Creador acquires 40% equity in CCK’s Indonesian unit with RM163.1 mil investment

KUALA LUMPUR (Sept 12): ITMAX System Bhd (KL:ITMAX) said on Thursday that its subsidiary has been appointed to operate a parking system in Tangkak, by the district council.

ITMAX System gets third parking system contract in Johor

China is poised to cut interest rates on more than US$5 trillion (RM21.7 trillion) of outstanding mortgages as early as this month, according to people familiar with the matter, as it accelerates a move to reduce the borrowing costs for millions of families to spur consumption.

China to cut rates on US$5 tril mortgages as soon as September — Bloomberg

Tech firm Green Packet Bhd (KL:GPACKET) said on Thursday that four of the six investors expected to subscribe to its private placement of over 598 million shares have withdrawn from the exercise.

Four investors withdraw from Green Packet’s RM19.15m private placement

Real estate developers in Malaysia are more positive about the country's property industry outlook for the first half of 2025 (1H2025) compared to the second half of 2024 (2H2024), according to Real Estate and Housing Developers’ Association (Rehda) Malaysia during a media briefing of its Property Industry Survey 1H2024 and Market Outlook for 2H2024 and 1H2025 held at Wisma Rehda, Petaling Jaya on Thursday.&nbsp;

Property developers more optimistic on 1H2025 than 2H2024 — Rehda survey

Ecobuilt Holdings Bhd (KL:ECOHLDS) said on Thursday that it has bagged a RM190 million contract to undertake a construction job.

Ecobuilt, hit with winding-up petitions, bags RM190m construction project

The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth in the euro zone falters, but gave few clues to its next step, even as investors bet on steady policy easing in the months ahead.

The global supply-demand dynamics for liquefied natural gas (LNG) is expected to remain tight until 2028, amid a delay in LNG projects and declining natural gas production, said oil and gas specialist Lambert Energy Advisory (LEA).

LNG market to remain tight well into 2028, says O&G specialist

Electrical home appliance distributor Fiamma Holdings Bhd (KL:FIAMMA) has signed a memorandum of understanding with Guangdong-based Zhuhai Samyou Environmental Technology Co Ltd (Samyou) to establish an air conditioning (AC) production facility in Malaysia.

Fiamma partners with Chinese firm Samyou to establish air conditioning production facility in Malaysia

Here’s a quick look at some of the stories that made headlines today.

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