EdgeProp Budget 2023: Commentary - Jonathan, KW Malaysia

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OpenAI is eyeing the Asia-Pacific for future data centre sites, joining an already heated race to build out artificial intelligence (AI) infrastructure in the region.

OpenAI eyeing Stargate data centres for AI in Asia-Pacific, Bloomberg reports

YTL Power International Bhd's stock (KL:YTLPOWR) fell on Friday as investors reacted to a set of weaker-than-expected results. Parent company YTL Corporation Bhd (KL:YTL) also declined.

YTL Power, YTL Corp down amid weak quarterly results, analyst downgrades

KUALA LUMPUR (May 23): Sunway PKNS Sdn Bhd has celebrated the topping-off of both 45-storey towers at Sunway d’hill Residences, with grocer Mercato confirmed as anchor tenant for the development’s retail component.

Topping-off milestone at Sunway d’hill Residences, grocer Mercato set to anchor retail component

Family members of people killed in two fatal crashes of Boeing Co’s 737 Max jets are urging the US Justice Department to reject a possible deal that would allow the plane-maker to avoid a criminal charge.

Families of 737 Max crash victims urge US to prosecute Boeing

OnlyFans owner Fenix International Ltd is in talks to sell the porn-driven company to an investor group at a valuation of around US$8 billion (RM34.04 billion), three sources familiar with the matter told Reuters.The group is led by the Forest Road Company, a Los Angeles-based investment firm, the sources said. Reuters could not identify the investors in the group.

OnlyFans owner in talks to sell to investor group at about US$8b value, Reuters reports

KUALA LUMPUR (May 23): Kossan Rubber Industries (KL:KOSSAN) expects only a minimal impact on its sales volume, anticipating a slight dip in the second quarter due to weakened demand from US customers and intense competition in non-US markets.

Kossan faces slight sales dip amid intense competition, policy shifts — analysts

Mercato has commenced operations at Tropicana Metropark’s SouthPlace Shoppes, occupying a 21,069 sq ft space as the anchor tenant of the commercial precinct.

Tropicana Metropark boosts retail mix with Mercato opening

BANFF, Alberta/OTTAWA, Canada/BENGALURU (May 22): Finance ministers and central bank governors from the Group of Seven (G7) democracies papered over their differences on Thursday, pledging to address "excessive imbalances" in the global economy and saying they could increase sanctions on Russia.

G7 glosses over tariffs, pledges to cut global economic imbalances

KUALA LUMPUR (May 23): Lawyers for the late Tun Daim Zainuddin’s family have questioned the basis for the Malaysian Anti-Corruption Commission (MACC)’s recent comments that the former finance minister’s undeclared assets should be seized.

Lawyer questions basis for MACC’s comments that late Daim’s undeclared assets should be seized

A Luxembourg court on Thursday fined Edmond de Rothschild over RM119 million for the bank's role in a money-laundering scandal involving 1Malaysia Development Bhd (1MDB), Agence France-Presse reported.

European bank fined RM119m over role in 1MDB scandal by court in Luxembourg

KUALA LUMPUR (May 23): Eco-Shop Marketing Bhd (KL:ECOSHOP) rose in its trading debut on the Main Market of Bursa Malaysia, after the dollar-store retail chain lowered the offering price of its shares.

Eco-Shop Marketing opens higher in Main Market trading debut

Goldman Sachs Group Inc&nbsp;said the banker at the heart of a scandal linked to 1Malaysia Development Bhd (1MDB) engaged in “serial lies” and deception about the fraud, days before he is scheduled to be sentenced.

In a letter to a US judge, Goldman said that Tim Leissner, the bank’s former Southeast Asia chairman, has never taken responsibility for his actions in the multibillion-dollar fraud that brought down the Malaysian government.

Goldman accuses 1MDB banker Leissner of ‘serial lies’ ahead of sentencing

YTL Power International Bhd's stock (KL:YTLPOWR) fell on Friday as investors reacted to a set of weaker-than-expected results. Parent company YTL Corporation Bhd (KL:YTL) also declined.

An institutional investor’s multi-billion dollar bullish bet on US stocks has become the talk of the options market.

Over the past month, market participants have noted steady buying of mostly June 2027 call options across a swath of large US companies. Estimates vary of the total premium being spent, with Nomura Holdings Inc&nbsp;tallying nearly US$3 billion (RM12.81&nbsp;billion).&nbsp;

Mystery options buyer bets some US$3b on US stock rally

Asian shares posted a modest gain on Friday after a rebound in Treasuries and the dollar eased some concerns about US fiscal policy.

Asian equities advance while Treasuries hold gains

KUALA LUMPUR (May 23): The family lawyer of Datin Seri Pamela Ling Yueh is perplexed by the authorities' assertion of her role as a witness, given remand order and travel ban imposed before her abduction.

Family lawyer doubts abducted Pamela Ling’s status as witness for MACC

KUALA LUMPUR (May 23): Former prime minister Datuk Seri Najib Razak has initiated contempt of court proceedings against former attorney general (AG) and sitting apex court judge Tan Sri Ahmad Terrirudin Mohd Salleh, over an alleged order which allows the ex-PM to serve his jail sentence under house arrest.

Najib initiates contempt proceedings against ex-AG Ahmad Terrirudin over addendum order

KUALA LUMPUR (May 23): Lawyers for the late Tun Daim Zainuddin’s family have questioned the basis for the Malaysian Anti-Corruption Commission (MACC)’s recent comments that the former finance minister’s undeclared assets should be seized.&nbsp;

Wall Street struggled to regain confidence in the wake of a&nbsp;Treasury sell-off&nbsp;that shook markets amid fiscal concerns, with stocks dropping in the last stretch of US trading. Bonds and the dollar rose.

After a brief pause in equity selling, the S&amp;P 500 lost steam to finish lower for a third consecutive day.

US stocks lose steam in final minutes of US trading

JOHANNESBURG (May 23):&nbsp;U.S. President&nbsp;Donald Trump&nbsp;showed a screenshot of Reuters video taken in the Democratic Republic of Congo as part of what he falsely presented on Wednesday as evidence of mass killings of white South Africans.

"These are all white farmers ...

Trump's image of dead 'white farmers' came from Reuters footage in Congo, not South Africa

Japan may consider asking government-owned entities to support the nation’s bond market if the sell-off in longer-dated debt doesn’t abate, according to Barclays plc’s global chair of research.&nbsp;

Firms with significant state influence like Japan Post Holdings Co&nbsp;and the Government Pension Investment Fund could be “quietly told” to buy more domestic bonds, Barclays’ Ajay Rajadhyaksha said in an interview.

Japan could ask state-owned firms to buy bonds, Barclays says

A Luxembourg court on Thursday fined Edmond de Rothschild over RM119 million for the bank's role in a money-laundering scandal involving 1Malaysia Development Bhd (1MDB), Agence France-Presse reported.

Bursa Malaysia Securities Bhd on Thursday granted Pharmaniaga Bhd (KL:PHARMA) a three-month extension up to Aug 29 to implement its&nbsp;regularisation plan.

Pharmaniaga gets three-month extension to implement regularisation plan

AME Elite Consortium Bhd (KL:AME) has proposed to provide up to RM100 million in financial assistance to Suling Hill Development Sdn Bhd, a 50%-owned jointly controlled entity of its wholly owned subsidiary Northern Industrial Park Sdn Bhd.

AME Elite to provide up to RM100m financial assistance for Penang industrial park project

BANFF, Alberta/OTTAWA, Canada/BENGALURU (May 22): Finance ministers and central bank governors from the Group of Seven (G7) democracies papered over their differences on Thursday, pledging to address "excessive imbalances" in the global economy and saying they could increase sanctions on Russia.

NEW YORK (May 22): Billionaire investor&nbsp;Bill Ackman told clients on Thursday that his hedge fund bought Amazon shares last month, betting earnings will continue to grow at the online retailer, as US President Donald Trump's tariffs bite less than consumers initially feared.

Ackman's hedge fund Pershing Square bets on Amazon, exits Canadian Pacific

（吉隆坡23日讯）宜购市场（Eco-Shop Marketing Bhd）（KL:ECOSHOP）在大马交易所主板亮丽登场，首宗交易取得开门红。

主板亮丽登场 宜购市场首开溢价

(May 23): TD Bank on Thursday said it would lay off 2% of its workforce to cut costs and scale up its digital and AI investments, as the bank restructures following its historic anti-money laundering settlement under new CEO Ray Chun.

The layoff involving some 2,000 employees is part of...

Canada's TD Bank to lay off 2,000 employees of workforce in restructuring

Mercato has commenced operations at Tropicana Metropark’s SouthPlace Shoppes, occupying a 21,069 sq ft space as the anchor tenant of the commercial precinct.

NEW YORK (May 23): Phillips 66 is expected to lay off most workers at its 139,000-barrel-per-day Los Angeles-area refinery in December, sources familiar with the matter said on Thursday.

The company announced in October it would close the facility and begin winding down operations in Oc...

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