KUALA LUMPUR: Menang Corp (M) Bhd’s former group managing director (MD) Datuk Eddie Shun Leong Kwong admitted yesterday that he was aware his former deputy Toh May Fook would appoint Zaid Ibrahim & Co (Zico) to look into a questionable land transaction involving the company that took place in...

Ex-Menang MD knew of party’s appointment in land deal probe

KUALA LUMPUR: Although Malaysia aims to achieve high-income nation status by 2024 — the previous target was 2020 — Putrajaya appears cognisant of the need to address the yawning income gap between the B40 (bottom 40%) households and middle- and high-income households for social stability, since a...

Economic inequality hinders Malaysia’s high-income aspirations

US President Donald Trump said on Thursday he would put a 200% wine tariff on all wines and other alcoholic products coming out of EU countries if the bloc did not remove its tariff on whiskey.

"The European Union, one of the most hostile and abusive taxing and tariffing authorities in the World, which was formed for the sole purpose of taking advantage of the United States, has just put a nasty 50% Tariff on Whisky," Trump wrote in a post on Truth Social.

Trump threatens 200% wine tariff if EU does not remove whiskey tariff

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

Shares of Intel surged 10% in premarket activity, as Wall Street cheered the decision to name former board member Lip-Bu Tan as CEO, who left in August over differences about the chipmaker's direction, after several years of market underperformance.

Intel jumps 10%, as investors cheer appointment of new Malaysian-born CEO Tan

Global oil supply could exceed demand by around 600,000 barrels per day (bpd) this year, the International Energy Agency (IEA) said on Thursday, due to growth led by the US and weaker-than-expected global demand.

IEA sees global oil market surplus for 2025 as demand disappoints

Distress among UK companies has risen for a third consecutive year, to its highest level since the onset of the Covid-19 pandemic, according to a report by consulting firm Alvarez & Marsal.

UK corporate distress at highest since Covid, report says

BANGKOK (March 13): A Thai business group on Thursday urged Prime Minister Paetongtarn Shinawatra to negotiate with the United States and consider lowering import taxes on US goods, as the government met with the private sector to discuss US trade policy uncertainty.

The meeting comes a...

Thai business group urges PM to negotiate with US amid tariff fears

Deutsche Bank AG increased its bonus pool to the largest amount in a decade, after a surge in deals and trading last year drove results.

Deutsche Bank bonuses rise to decade high on trading, deals

Sin-Kung Logistics Bhd (KL:SINKUNG) expects to commence air cargo services in the third quarter of 2025 (3Q2025) following the completion of its acquisition of private jet charter and air freight cargo services company Prima Air Sdn Bhd.

Sin-Kung to launch air cargo services in 3Q following Prima Air acquisition completion

NEWS: PM defends RM1.1b injection into Sapura Energy

(March 13): DHL Group will look to hire workers in locations such as Malaysia if US President Donald Trump removes a tax exemption for lower-value shipments, DHL Express chief executive officer John Pearson said.

The logistics industry was whipsawed in February by an executive order tha...

DHL to hire hundreds in Malaysia if shipping loophole nixed

Cash-strapped Sapura Energy Bhd (KL:SAPNRG) will go through an additional due diligence process as a prerequisite to the government’s capital injection of RM1.1 billion and its restructuring exercise, according to Prime Minister Datuk Seri Anwar Ibrahim.

Sapura Energy to undergo additional due diligence as precondition for RM1.1b capital injection — PM

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

Saliran Group Bhd (KL:SALIRAN) eked out tiny gains in its first ever trade on the ACE Market before falling below its initial public offering price (IPO) less than a second later.

Saliran Group turns lower immediately after ekeing out tiny gain in first ever trade on ACE Market

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

Bermaz Auto Bhd’s (KL:BAUTO) stock fell on Thursday and headed towards a three-year low after the car assembler reported weaker-than-expected quarterly profits.

Bermaz Auto heads towards three-year low after weaker-than-expected quarter

The Perak government has called on AirAsia to reconsider its decision to suspend the Ipoh-Singapore route, which is set to take effect on April 25, as announced on the airline’s website.

Perak govt urges AirAsia to reconsider suspension of Ipoh-Singapore route

Taiwanese shares saw their worst-ever selling streak by foreign investors as heavyweight Taiwan Semiconductor Manufacturing Co fell out of favour.

Taiwanese stocks suffer record foreign selling as TSMC dumped

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

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

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

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

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;

Chester Tay & Amir Ridzwan Ismail