Tesla said on Thursday it is recalling nearly all Cybertrucks in the US to fix an exterior panel that could detach while driving, the latest in a series of call-backs for the pickup truck.

Tesla recalls most Cybertrucks due to trim detaching from vehicle

MORNING CALL: 25/3/25

Xiaomi Corp. raised about $5.5 billion in an upsized share sale, as the Chinese tech firm capitalizes on a surge in its stock price to help raise funds to expand its electric-vehicle business.

Xiaomi raises US$5.5 billion in upsized follow-on share sale in Hong Kong

Private equity deals in Asia Pacific are showing signs of recovery, with transaction volumes in the region climbing 11% to $176 billion last year and looking set to pick up further, according to global consultancy firm Bain & Co.

Private equity poised for more deal activity in Asia, Bain says

Asian stocks were broadly poised for gains after US equities enjoyed one of their best sessions of the year, fueled by signs that President Donald Trump’s trade sanctions will be narrower than feared.

Asian stocks set to rise as Wall Street surges on Trump’s tariff signals

U.S. President Donald Trump plans to nominate Susan Monarez as director of the Centers for Disease Control and Prevention, the organization she currently leads in an acting capacity, he said on Monday.

Trump picks acting CDC director Susan Monarez to lead agency

Stocks saw one of their best sessions of the year, with the Nasdaq 100 adding 2.2%, amid signs US trade sanctions will be narrower than feared, including a suggestion by President Donald Trump that some countries will get breaks. Bonds fell alongside gold. The dollar wavered.

US stocks power risk-on rally on Trump tariff signals

Opec+ will likely stick to its plan to raise oil output for a second consecutive month in May, four sources told Reuters, amid steady oil prices and plans to force some members to reduce pumping to compensate for past overproduction.

Opec+ likely to proceed with planned May oil output hike, Reuters reports

US President Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on any trades made with the US.

Trump to impose 25% tariff on countries that buy oil, gas from Venezuela

Starting April 1, over 51,000 shops will be affected by a ban on displaying tobacco products at sales counters, according to the Ministry of Health (MOH).

Over 51,000 shops affected by tobacco display ban starting April 1 — MOH

Oil prices gained 1% on Monday as US President Donald Trump said he will impose 25% tariff on countries that buy oil, gas from Venezuela, and on the back of new US sanctions on Iranian exports.

Oil climbs 1% as Trump plans tariff on countries that buy Venezuelan oil, gas

Capital A Bhd (KL:CAPITALA) on Monday said the cut-off date to dispose of its short-haul aviation business worth RM6.8 billion to its sister company AirAsia X Bhd (KL:AAX) has been extended for the second time, to May 30.

Cut-off date for AAX's takeover of Capital A’s aviation assets extended again, to May 30

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

Awantec, Ge-Shen, Tex Cycle, K Seng Seng, Agricor, IJM, Oasis Harvest, Axiata, Capital A, AAX, AME REIT, AME Elite, Nestcon, Advancecon, Borneo Oil, MHB, Catcha Digital, ICT Zone

Dayang Enterprise Holdings Bhd (KL:DAYANG) said the group has secured three work orders from Petronas Carigali Sdn Bhd for the provision of accommodation workboat vessels.

Dayang wins workboat jobs from Petronas Carigali; EPF reemerges as substantial shareholder

US President Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on any trades made with the US.

Technology stocks led Wall Street's surge on Monday after signs the Trump administration is taking a measured approach on tariffs against its trading partners.

Wall Street surges as tariff optimism boosts tech stocks

President Donald Trump's plan to revitalise the US shipbuilding industry is likely to backfire because it relies on proposed fees on China-linked vessels that will hurt domestic ship operators and ports, industry executives will tell the US Trade Representative at hearings this week.

Trump's fees on Chinese ships will hurt US companies, maritime executives to tell hearing

Construction outfit Nestcon Bhd (KL:NESTCON), through its wholly owned subsidiary Nestcon Infra Sdn Bhd, has secured a RM100 million contract from Alam Casana Sdn Bhd for earthworks covering an area of 242 acres in Mukim Kerling, Hulu Selangor, Selangor.

Nestcon wins RM100 mil earthworks job in Beringin High-Tech Auto Valley

Starting April 1, over 51,000 shops will be affected by a ban on displaying tobacco products at sales counters, according to the Ministry of Health (MOH).

Asian stocks were broadly poised for gains after US equities enjoyed one of their best sessions of the year, fueled by signs that President Donald Trump’s trade sanctions will be narrower than feared.

Stocks saw one of their best sessions of the year, with the Nasdaq 100 adding 2.2%, amid signs US trade sanctions will be narrower than feared, including a suggestion by President Donald Trump that some countries will get breaks. Bonds fell alongside gold. The dollar wavered.

Xiaomi Corp. raised about $5.5 billion in an upsized share sale, as the Chinese tech firm capitalizes on a surge in its stock price to help raise funds to expand its electric-vehicle business.

Kawan Renergy Bhd (KL:KENERGY) reported a 17.3% year-on-year (y-o-y) increase in net profit for the first quarter ended Jan 31, 2025 (1QFY2025), rising to RM4.93 million from RM4.2 million last year, mainly driven by higher gross margins in its industrial process plants.

Kawan Renergy kicks off FY2025 with 17% net profit growth on improved margins

The government is drafting a robust national strategy to face any eventualities, including the establishment of the National Geoeconomic Command Centre (NGCC), said Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Zafrul: Govt drafting national strategy, including establishment of geoeconomic command centre to strengthen economy 

23andMe on Sunday filed for bankruptcy in the US after struggling with weak demand for its ancestry testing kits that once featured in Oprah Winfrey's annual list of favourite things, and following a 2023 data breach that damaged its reputation.

DNA testing firm 23andMe files for bankruptcy as demand dries up

The Indonesian government confirmed a US$20 billion (RM88.67 billion) commitment from rich nations to help it shut polluting coal plants and transition to cleaner energy sources remains in place, despite the US exit from the agreement.

Indonesia confirms US$20 bil climate deal despite US exit

Chinese Premier Li Qiang has signed an order to implement new rules for strengthening China's countermeasures to foreign sanctions, the Chinese government said on Monday.

China rolls out new rules to step up countermeasures to foreign sanctions

The Malaysia External Trade Development Corporation (Matrade) has been given a target to increase the country’s export value of goods by 5% to RM1.58 trillion in 2025.

Matrade targets 5% increase in Malaysia's export value of goods this year

London homes are the most affordable they’ve been for a decade but remain out of reach for many people, highlighting the challenge facing the Labour government to fix Britain’s housing crisis.

London house prices become cheaper but are still unaffordable

Oil prices gained 1% on Monday as US President Donald Trump said he will impose 25% tariff on countries that buy oil, gas from Venezuela, and on the back of new US sanctions on Iranian exports.

US business activity picked up in March, but growing fears over import tariffs and deep government spending cuts continued to weigh on sentiment and prospects for the rest of the year.

David Shepardson, Arsheeya Bajwa, Akash Sriram & Rishabh Jaiswal

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