A former general manager of a travel agency told the Sessions Court on Friday that he found it odd or strange that the Perlis government had paid for the booking of reservations made by then menteri besar Datuk Seri Azlan Man, but when the cancellation was made, the travel agency had to pay it to Azlan.

Odd that booking paid by Perlis govt refunded to then MB Azlan after cancellation, says travel agency manager

A decision is near on Datin Seri Rosmah Mansor's third letter of representation to drop all 17 charges in her money-laundering and tax-evasion case.

Decision on letter of representation almost finalised in Rosmah's money-laundering case

Elridge Energy Holdings Bhd (KL:ELRIDGE) ended its first day of listing on Bursa Malaysia’s ACE Market with a gain of nearly 38% on Thursday.

Elridge Energy ends first day on ACE Market with 38% gains

Malaysia may see a rating upgrade next year on the back of ongoing fiscal consolidation, better governance, strong economic fundamentals and public finances that includes the federal debt-to-GDP ratio, said the Malaysian Institute of Economic Research (MIER).

MIER sees potential rating upgrade for Malaysia next year

Non-bank lender AEON Credit Service (M) Bhd (KL:AEONCR) expects the Middle 40% (M40) income customer segment to account for at least 40% of its total borrowers within the next two years, up from the current 32%, according to chief corporate officer Lee Kit Seong.

AEON Credit looks to M40 group to drive growth

Oil and gas services firm Uzma Bhd (KL:UZMA) said on Tuesday it had signed a pact with Taiwan’s Terawatt Ltd to explore development of products or projects in energy storage and renewable energy (RE).

Uzma signs pact with Taiwan’s Terawatt for battery, renewable energy projects

Berjaya Food Bhd (KL:BJFOOD) said on Monday its international arm has secured the rights to operate Starbucks stores in Iceland, Denmark and Finland.

The expansion by Berjaya Food International, or BFI, marks the first entry of a Malaysian public-listed food-and-beverage company into Nordic markets. BFI will focus on local hiring and sourcing while lending its culinary and operational expertise, the company said in a statement.

Berjaya Food gets rights to operate Starbucks in three Nordic countries

Malaysia will fortify its position as a centre of competitive trade, finance, and technology amid global changes, says Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia to fortify position as centre of competitive trade, finance and technology — Anwar

The legal practitioner arrested over corruption related to birth registration is suspected of processing birth certificate applications after receiving payment from applicants.

According to a source, applicants were required to make a payment before the legal practitioner processed documents related to birth certificate applications.

Op Birth: Detained legal practitioner assisted syndicate in registering birth

The Malaysian Anti-Corruption Commission (MACC) has opened two investigation papers on the alleged bribery and misappropriation of funds involving Sapura Energy Bhd.

MACC opens two investigation papers involving Sapura Energy

Senate Democratic leader Chuck Schumer had two choices as the clock ticked down to the government funding deadline: drop his threat to block the Republican bill or force a disruptive March 15 shutdown.

Schumer retreats on shutdown threat, enhancing bill’s prospects

US stocks rose on Friday after a broad selloff on Wall Street during the week as investors assessed the fallout of tariff policies on economic growth, while new data signalled deteriorating consumer sentiment and a surge in inflation expectations.

Wall St climbs after string of sharp losses as investors weigh tariff impact

US consumer sentiment fell to a more than two-year low and long-term inflation expectations jumped by the most since 1993, illustrating growing apprehension about the economic impact from tariffs.

US consumer sentiment drops, price expectations soar on tariffs

US President Donald Trump appealed to Russian President Vladimir Putin to spare the lives of thousands of Ukrainian troops he said were in a “very bad and vulnerable position” and avoid what he said would be a massacre unlike anything since World War II.

Trump asks Russia to spare Ukrainian troops in ceasefire push

Here is a brief recap of some corporate announcements that made news on Friday.

Pertama Digital, MAG, Axiata, HHRG, KJTS, TT Vision, Catcha Digital

President Donald Trump's administration is expected on Friday to move ahead with a second wave of mass firings and budget cuts across the US federal government even as two federal judges ordered it to reinstate thousands of federal workers.

Trump looks to press ahead with more lay-offs even as courts order some reinstatements

Tin prices extended gains to hit the highest in more than two years, as a halt to production at a major mine in Africa that’s threatened by insurgents continues to fan this year’s biggest rally on the London Metal Exchange (LME).

Tin extends LME’s biggest rally as Congo halt deepens shortage

Hong Kong billionaire Li Ka-shing has raised Beijing’s ire by agreeing to sell its control over ports in Panama to appease President Donald Trump. But there may be little the Chinese authorities can do to punish him for it.

Li Ka-shing has little to lose as China threatens Panama deal

Petroliam Nasional Bhd (Petronas) neither denied nor confirmed news that it is evaluating the sale of its shale oil asset in Argentina, but said that it continuously reviews its business portfolio in all countries where it has investments.

Petronas keeps mum on news of its possible exit from Argentina

HHRG Bhd’s largest substantial shareholders, Ch’ng Chen Mong and Tan Poh Cheng, have disposed of their entire 17.77% stake in the Penang-based biomass material manufacturer at a steep discount.

HHRG’s largest shareholders dispose of entire stake at a steep 94% discount

Here is a brief recap of some corporate announcements that made news on Friday.

The Malaysian Anti-Corruption Commission (MACC) has opened two investigation papers on the alleged bribery and misappropriation of funds involving Sapura Energy Bhd.

Chemlite Innovation Bhd’s initial public offering (IPO) was oversubscribed 28 times by retail investors ahead of its listing on the ACE Market.

Chemlite closes IPO applications with 28 times oversubscription

Prawn farming company MAG Holdings Bhd (KL:MAG) has proposed to buy farmland and other assets in Tawau, Sabah for RM39.6 million, in related party transactions.

Prawn producer MAG announces RM40m purchase of farmland and assets in Tawau

KJTS Group Bhd (KL:KJTS) said it has partnered with an affiliate of New York-based investment firm Stonepeak Partners LP to develop, operate and invest in cooling assets.

KJTS to form JV with Stonepeak affiliate to develop cooling assets

US stocks rose on Friday after a broad selloff on Wall Street during the week as investors assessed the fallout of tariff policies on economic growth, while new data signalled deteriorating consumer sentiment and a surge in inflation expectations.

Planning for the raw water distribution project from Sungai Perak to Bukit Merah Dam, partly to support the Kerian Integrated Green Industrial Park (KIGIP) project and to supply treated water to Penang, is now in the final stages.

PM: Planning for raw water distribution from Sg Perak to Bukit Merah Dam in final stages

Danish pension fund AkademikerPension is blacklisting Tesla Inc, citing the company’s record on workers’ rights, as well as the growing risks posed by the actions of Elon Musk.

Danish pension fund dumps Tesla shares over labour rights, Musk’s actions

Nato Secretary General Mark Rutte said relations with Russia should eventually be normalised once the fighting ends in Ukraine.

Nato chief says relations with Russia should be restored after war

A US stock market rocked by President Donald Trump's back-and-forth on foreign import tariffs faces a Federal Reserve (Fed) meeting in the coming week, as investors look for hints about further interest rate cuts that could restore some calm to markets.

Fed on tap for tariff-jolted market as investors look for calm

US President Donald Trump appealed to Russian President Vladimir Putin to spare the lives of thousands of Ukrainian troops he said were in a “very bad and vulnerable position” and avoid what he said would be a massacre unlike anything since World War II.

President Donald Trump's administration is expected on Friday to move ahead with a second wave of mass firings and budget cuts across the US federal government even as two federal judges ordered it to reinstate thousands of federal workers.

CATL reported 15% growth in 2024 net profit, the slowest pace in six years, as a prolonged price war in China's electric vehicle (EV) market put pressure on the Chinese EV battery giant.

China's CATL sees slowest profit growth in six years

Malaysia will fortify its position as a centre of competitive trade, finance, and technology amid global changes, says Prime Minister Datuk Seri Anwar Ibrahim.

Senate Democratic leader Chuck Schumer had two choices as the clock ticked down to the government funding deadline: drop his threat to block the Republican bill or force a disruptive March 15 shutdown.

The legal practitioner arrested over corruption related to birth registration is suspected of processing birth certificate applications after receiving payment from applicants.

According to a source, applicants were required to make a payment before the legal practitioner processed documents related to birth certificate applications.

Tin prices extended gains to hit the highest in more than two years, as a halt to production at a major mine in Africa that’s threatened by insurgents continues to fan this year’s biggest rally on the London Metal Exchange (LME).

Debbie Tan

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Debbie Tan

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