The founder of a well-known wellness centre chain has been charged with misappropriating RM60,000 from the company for personal use, according to a charge sheet sighted by theedgemarkets.com.

Chuah Seong Keat, or better known as Leon Chuah, was charged at the Magistrate’s Court in Petaling Jaya on Thursday (Jan 5) for allegedly committing the offence in January 2018.

Founder of wellness chain charged with misappropriating RM60,000 for personal use

In the crowded landscape of the country’s consumer products and services sector, one company has quietly outshone its peers: trading and distribution outfit Harrisons Holdings (M) Bhd (KL:HARISON). Over the past few years, Harrisons has been delivering both revenue and profit growth, even during the disruptive pandemic.

The quiet titan of Malaysia’s consumer sector

Last year was a banner year for Teo Seng Capital Bhd (KL:TEOSENG), with record-breaking sales and earnings, indicating significant market expansion despite a challenging operating environment as inflationary pressures drove up raw material costs.

An egg-cellent year boosted by improved prices, subsidies

Focus Point Holdings Bhd (KL:FOCUSP), operator of Malaysia’s largest optical retail chain store, has been growing from strength to strength in the past few years despite having to face rising costs of doing business while inflationary pressure weighs on consumer spending.

Unwavering focus on the lens of growth

IT has been more than a decade since Axiata Group Bhd (KL:AXIATA) began investing in digital ventures in 2013, with an aspiration to create its own billion-dollar start-up, or what is widely known as a unicorn. While none of those ventures have attained unicorn status yet, Axiata’s current manage...

Cover Story: Axiata still has unicorn aspirations a decade on 

WITH global interest rates no longer on the rise, and at least one major central bank already trimming rates, Edotco Group Sdn Bhd — the world’s sixth largest telecom tower company — is all set for better days ahead, having prepped itself to welcome new strategic partners over the past two years....

Cover Story: Preparing Edotco for a more favourable macro environment

Digital Nasional Bhd announced on Friday that four mobile network operators (MNOs) have completed their respective share subscription agreements (SSAs) and acquired a 16.3% stake each in the 5G special purpose vehicle — higher than the 14% they were initially expected to take up — as Telekom Malaysia Bhd (KL:TM) has yet to complete its SSA.

Maxis, CelcomDigi, U Mobile and YTL Power buy 16.3% stake each in DNB instead of 14%, as TM yet to take up its portion

Sapura Energy Bhd (KL:SAPNRG) has granted chairman Datuk Mohammad Azlan Abdullah leave of absence with immediate effect to allow the 56-year-old to focus on ongoing investigations by the Malaysian Anti-Corruption Commission (MACC) regarding a matter unrelated to the oil and gas engineering group.

Sapura Energy grants chairman leave of absence amid unrelated MACC probe

Permodalan Nasional Bhd’s (PNB) said on Tuesday that its net income grew by 26% last year as the country’s largest fund manager raised investments in fixed income, real estate, private markets and foreign assets.

PNB net income grows 26% in FY2023, optimistic on equity

TEN years since Southern Capital privatised HELP International Corp Bhd (HIC) in 2014, the private equity firm has decided to exit, and the buyer is none other than a consortium of shareholders led by the education group’s founding Chan family.

The family’s private vehicle — CL Heritage...

HELP University founding Chan family buys back controlling stake from Southern Capital 

YOUR DAY AHEAD: Oct 22, 2026

Here's a heads up on what to look out for today.

YOUR DAY AHEAD: Oct 22, 2026 

US equity-index futures fell as a technology rally faded, trimming gains sparked by strong earnings that had bolstered confidence in the artificial intelligence trade.

US stock futures slip as tech earnings rally fades

Oil rose following a deadly attack on a Saudi oil field, raising concerns that escalating hostilities in the Middle East could hit supply even as exports through the Strait of Hormuz have accelerated in recent months.

Oil rises as deadly Saudi attack fans Middle East supply fears

Wall Street’s wagers on artificial intelligence regained traction, with stocks rising in late hours as solid results bolstered confidence in the trade that has powered the bull market.

Stocks climb in late hours on Meta’s big AI wagers

(Oct 21): The Federal Reserve can substantially shrink its balance sheet if it overhauls its rate control toolkit to provide liquidity on demand, if those alterations are in made in conjunction with rule changes that allow ​banks to hold lower levels of cash on hand, says a new

Brookings paper offers broad plan to shrink Fed balance sheet

(Oct 21): Electronic Arts is planning to close BioWare, the developer of the "Mass Effect" series ​of games, and lay off employees ‌to focus on more lucrative projects, the company said on Wednesday in an email to employees.

EA said it would cancel an ​early-stage "Mass Effect" pro...

EA to shutter BioWare studio, cut jobs as it narrows game slate

(Oct 21): Netflix's cut to ​its advertising sales forecast is fuelling concerns that its growth engine is losing steam, threatening the ‌edge that made it a model for the media industry.

Shares of the company fell nearly 5% in Wednesday afternoon trading after Netflix forecast...

Netflix's ad stumble deepens fears its growth is hitting a wall

NEW YORK (Oct 21): Federal Reserve Chair Kevin Warsh wasn't nominated to raise rates, but he did so anyway. Now, cash investors are asking why money market fund yields have lagged. The answer is mechanics, not malfunction.

Warsh and his colleagues on the ​Federal Open Market Commit...

Opinion: Why is capital leaving money market funds as rates rise?

President Vladimir Putin said Russia’s ready to resume trilateral negotiations with the US and Ukraine on a potential peace deal, according to the Kremlin.

Putin says Russia ready for new peace talks with US, Ukraine

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

Sunway Healthcare, Sunway REIT, Zetrix AI,Malakoff,  Capitaland Malaysia,Westports, AME REIT, Pantech Global, MHB, ES Sunlogy, Kerjaya Prospek & Mudajaya

Police are awaiting further instructions from the Attorney General’s Chambers (AGC) on a probe into Negeri Sembilan Menteri Besar Datuk Ismail Lasim’s claim that he was forced to sign a proclamation seeking to remove Tuanku Muhriz Tuanku Munawir as the state’s ruler.

Police await AGC instructions on probe into Negeri Sembilan MB’s ‘duress’ claim

Malaysia’s retail prices for unsubsidised RON95 and RON97 petrol will fall by 30 sen per litre, while unsubsidised diesel prices will decline by 10 sen, from Thursday (Oct 22) to Oct 28.

Unsubsidised petrol prices fall 30 sen, diesel down 10 sen for coming week — MOF

Zetrix AI Bhd (KL) managing director Wong Thean Soon's stake in the digital services firm has shrunk further, diminishing the prospect&nbsp;of fixing a breached sukuk condition that he remains the company's largest shareholder.

TS Wong's Zetrix AI stake down to 1.841% ahead of Oct 22 deadline to fix sukuk covenant  

MMAG Holdings Bhd (KL:MMAG) on Wednesday cited anticipated maintenance cost of over RM10 million as the reason it is willing to absorb a loss of RM12.69 million with the sale of a cargo plane it acquired less than two years ago.&nbsp;

MMAG cites expected RM10m maintenance bill, tough market conditions for selling cargo plane at a loss

Berkshire Hathaway Inc investors are moving on after the departure of the firm’s legendary leader Warren Buffett, as shares hit a new high on Wednesday.

Berkshire stock hits new high, moving on from Buffett’s exit

Malaysia Marine and Heavy Engineering Holdings Bhd (KL:MHB) said it will contest a RM57.3 million arbitration claim brought by its subcontractor over works for the Bokor Phase 3 Redevelopment Project in Sarawak.

MHB to contest RM57m arbitration claim over Bokor oilfield project in Sarawak

The tech-heavy Nasdaq gained on Wednesday after quarterly results from SpaceX and Super Micro Computer improved appetite for AI-linked stocks, while Netflix slipped as its forecast failed to impress investors.

Nasdaq leads gains as SpaceX, Super Micro results improve AI appetite

Revenue IF Bhd (KL:REVENUE) has partnered with China’s WeSure, an online insurance subsidiary of China's Tencent Holdings, to develop cross-border payment and digital insurance solutions in Malaysia, Singapore, Indonesia and Thailand.

Revenue IF, Tencent’s WeSure partner on cross-border payments, digital insurance in four markets

Malaysia ranked 53rd out of 143 countries globally and seventh among 15 countries in East Asia and the Pacific in the World Justice Project (WJP) Rule of Law Index 2026, placing it among the minority of nations that recorded an improvement amid a global decline in the rule of law.

Malaysia ranks 53rd globally in World Justice Project

Government websites in Europe and elsewhere went offline on Wednesday after the disclosure of critical vulnerabilities in a widely used programming language sent website operators scrambling to protect their systems.

Govt websites go dark as vulnerabilities in programming language send shudder across internet

Abbott Laboratories said it plans to spin off its nutrition unit into a separate publicly traded company after a series of missteps have weighed on the company’s broader performance.

Abbott to spin off baby formula business

Singapore's Accounting and Corporate Regulatory Authority (ACRA) has rejected HB Global Ltd’s (KL:HBGLOB) application to change its financial year-end from June 30, 2026 to Nov 30, 2026, following the withdrawal of its auditor’s consent to act.

Singapore's regulatory authority rejects HB Global’s second year-end change this year after auditor’s withdrawal

US equity-index futures fell as a technology rally faded, trimming gains sparked by strong earnings that had bolstered confidence in the artificial intelligence trade.

Barisan Nasional (BN) will contest 21 seats while PAS and its allies will contest seven in next month’s Melaka state election, following the finalisation of negotiations between the parties.

Barisan finalises talks with PAS, to contest 21 seats in Melaka polls — Zahid

Malaysia has continued to record encouraging trade performance despite facing global uncertainty which includes tariff revisions and international trade restrictions, according to the Ministry of Investment, Trade and Industry (Miti).

Malaysia's trade performance remains encouraging despite global uncertainty — Miti

The next five years will serve as a crucial transition period for Sarawak in its efforts to develop a high-value economy based on technology creation, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

Next five years crucial transition period for Sarawak’s economy

Shares of Super Micro Computer Inc jumped after the company reported preliminary quarterly results that topped analysts’ estimates.

Super Micro jumps after positive preliminary results top estimates

Every year, Malaysia’s federal budget announcement tends to draw the most attention to cash handouts, wage adjustments and personal income tax cuts. Yet beyond these immediate cost-of-living reliefs lie deeper messages on the kind of nation we aspire to build that often go unnoticed. In the recent Budget 2027 announcement, Prime Minister Datuk Seri Anwar Ibrahim invoked several philosophers and thinkers, offering a less conventional lens through which to understand the government’s broader vision.

Opinion: Budget 2027: Values to guide our collective future

Wall Street’s wagers on artificial intelligence regained traction, with stocks rising in late hours as solid results bolstered confidence in the trade that has powered the bull market.

Chester Tay

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