Notion VTec Bhd has officially incorporated a wholly-owned subsidiary in the United Arab Emirates (UAE) named Notion Pacific Ltd.

Notion VTec incorporates new unit in UAE to sell LNG, energy products and trade metals, metal ores

Malaysia Airports Holdings Bhd is set to offer private health safety screening services for passengers at the Kuala Lumpur International Airport to enjoy faster clearance upon arrival.

KLIA to provide private health safety screening services

"I want to expand my empire, spread my wings, and go for new challenges," Tunku Mahkota Johor Tunku Ismail Ibni Sultan Ibrahim was quoted as saying as he expressed interest in purchasing Spanish football club Valencia from Singapore businessman Peter Lim.

'I want to expand my empire', Tunku Ismail says as Johor prince shows interest in buying football club Valencia

Hong Leong Investment Bank (HLIB) Research has raised its target price for UEM Edgenta Bhd to RM2.00 (from RM1.77) based on sum-of-parts (SOP) discount from 25% to 15% and said it believes the company is set for a recovery path in FY21 across all its business segments.

HLIB expects stronger FY21 for UEM Edgenta, ups target price to RM2

Rakuten Trade Sdn Bhd is partnering with homegrown e-wallet Boost to focus more on cashless transactions, which have risen in popularity since the Movement Control Order (MCO) last year.

Rakuten Trade partners with Boost to focus more on cashless transaction

Tenaga Nasional Bhd's (TNB) foreign shareholding fell to 12.75%, as at Jan 29, 2021, the lowest since since August 2012, according to latest figures from the Malaysian government-controlled utility.

The Jan 29, 2021 figure was lower than 12.87% as at Dec 31, 2020, TNB said.

TNB foreign shareholding drops to 12.75%, lowest since August 2012

Axiata Group Bhd's foreign shareholding rose 0.96% to 10.5% in January 2021 from 10.4% in December 2020.

Axiata’s foreign shareholding up to 10.5% as of January 2021

The ASEAN manufacturing sector deteriorated for the first time in four months during February, following two months of growth, with renewed falls in both factory production and new work weighing on the performance of the sector.

ASEAN manufacturing sector deteriorated after four months in February — IHS Markit

A global environmental non-profit has found that the loan books of banks can result in up to 400 times higher greenhouse gas emissions than their direct operations.

Loan portfolios can cause up to 400 times more greenhouse gas emissions than banks’ direct operations, says non-profit

Datasonic Group Bhd has bagged a contract worth RM4.33 million from the Ministry of Home Affairs.

Datasonic bags Home Ministry contract worth RM4.33m

MN Holdings Bhd (KL:MNHLDG) said it has  been appointed by Sunview Group Bhd (KL:SUNVIEW) to supply interconnection facilities for two solar power plant projects in Sungai Petani, Kedah.

MN Holdings to undertake interconnection job for solar power plants in Sungai Petani

(April 23): US mortgage rates rose again last week, reaching the highest level since mid-February and further depressing the appetite to buy homes or refinance loans.

The contract rate on a 30-year mortgage climbed nine basis points to 6.90% in the week ended April 18, according to Mort...

US mortgage rates rise again, reach highest since mid-February

Hapag-Lloyd customers have cancelled 30% of shipments to the United States from China, spooked by the trade conflict between the world's two largest economies, a spokesperson for the German container shipping group told Reuters on Wednesday.

Hapag-Lloyd says 30% of China's US bound shipments have been cancelled

Penang-based property developer Iconic Worldwide Bhd (KL:ICONIC) on Wednesday announced that the Penang High Court ruled in favour of its medical unit, Iconic Medicare Sdn Bhd (IMED), in a dispute with its glove machine supplier, Latex Form Sdn Bhd’s (LFSB).

Iconic Worldwide wins RM10.1m award in legal dispute with glove machine supplier

Gold prices dipped on Wednesday after US President Donald Trump hinted at lower tariffs for China and backed away from threats to fire Federal Reserve chair Jerome Powell.

Gold slips as Trump backs off threats to fire Fed chair, lifts tariff hopes

Americans elected President Donald Trump in hopes that he would fight inflation and boost the US economy, but as he approaches his 100th day in office they are giving the Republican poor marks for his handling of both, a new Reuters/Ipsos poll shows.

Americans sour on Trump's handling of the economy, new Reuters/Ipsos poll finds

Singapore’s key inflation gauge fell to its lowest since March 2021 as the prices of utilities, as well as household goods and services slowed.

Singapore inflation hits four-year low as living costs ease

US stock index futures leapt on Wednesday, after President Donald Trump backed off from his threats to fire the head of the Federal Reserve and raised hopes for a trade deal with China.

Shares of Tesla, meanwhile, rose 6.3% in premarket trading as the EV maker kicked off Magnificent Seven earnings on a positive note.

US stock futures jump as Trump backtracks on threats to fire Fed head, Tesla jumps

Apple was fined €500 million (US$570 million or RM2.5 billion) on Wednesday and Meta €200 million, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.

Apple fined US$570m and Meta US$228m for breach of EU law

foodpanda will cease its operations in Thailand next month after more than a decade of losses, local newspaper The Nation reported on Wednesday citing the food delivery platform social media post.

The Thai operations will cease on May 23, 2025, the newspaper reported citing the company’s Thai language post. foodpanda was reported as saying that Thailand’s current market conditions no longer align with the company’s long-term strategy.

foodpanda Thailand calls it quits after 13 years of losses — report

KUALA LUMPUR (April 23): Johor Investment, Trade, Consumer Affairs and Human Resources Committee chairman Lee Ting Han announced that Forest City’s Special Financial Zone (SFZ) has welcomed its first family offices, CMY Capital Family Office and Yow Kee Family Office, and attracted interest from 30&nbsp;other companies to set up operations in Johor Bahru.

Forest City SFZ welcomes first two family offices, sees interest from 30 other companies

Sapura Holdings Sdn Bhd's founder Tan Sri Shamsuddin Abdul Kadir took the stand on Wednesday as the company's winding-up case continued, following a breakdown in settlement talks between his sons, feuding brothers Tan Sri Shahril Shamsuddin and Datuk Shahriman Shamsuddin.

Sapura Holdings founder Shamsuddin takes the stand as sons' settlement talks fail

US President Donald Trump said he plans to be “very nice” to China in any trade talks, and that tariffs will drop if the two countries can reach a deal, a sign he may be backing down from his tough stance on Beijing amid market volatility.

Trump floats 'substantial' China tariff cuts in trade deal

Several areas in Selangor were affected by flash floods following heavy rainfall since early Wednesday morning.

Selangor Fire and Rescue Department assistant director of operations&nbsp;Ahmad Mukhlis Mukhtar&nbsp;said the affected areas were&nbsp;Sungai Buloh, Petaling Jaya&nbsp;and Subang Jaya.

Flash floods hit several areas in Selangor, no evacuations reported

A longtime board member of City Developments Ltd, the property giant controlled by Singapore’s richest family, lashed out at other directors on Wednesday over a recent feud that rocked the developer and the billionaire Kwek clan.

Singapore Kwek clan’s CDL annual meeting descends into chaos

Malaysia’s headline inflation decelerated to its slowest in four years as price gains at restaurants and of other non-food items&nbsp;eased.

Malaysia's consumer inflation slowest in four years as non-food price gain eases

European stocks rebounded on Wednesday, as investors drew some relief from US President Donald Trump saying he had no plans to fire the head of the Federal Reserve, and hinting at lower tariffs for China.

Stocks, dollar gain after Trump backtracks on remarks over Fed

US Treasury Secretary Scott Bessent told a closed-door investor summit on Tuesday that the tariff stand-off with China cannot be sustained by both sides, and that the world’s two largest economies will have to find ways to de-escalate.

US Treasury Secretary Bessent expects tariff stand-off with China to de-escalate

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz and his team have arrived in the US to urge US officials to review tariffs on Malaysian imports.

Zafrul lands in US, to meet with US Trade Rep Jamieson Greer over tariffs

The imposition of US duties on solar panels from Southeast Asia&nbsp;will have far-reaching implications for&nbsp;the manufacturing base across the region, according to the Federation of Malaysian Manufacturers (FMM).

US solar duties threaten Malaysia's role in global clean energy supply chain, says FMM

The International Monetary Fund (IMF) has downgraded its real gross domestic product (GDP) growth forecast for Malaysia to 4.1% this year, from its January estimate of 4.7%, in line with a broader reduction in regional projections.

IMF cuts real GDP growth forecast for Malaysia to 4.1% in 2025

Ferrotec Holdings Corporation, a Japanese advanced materials and component company, will be investing RM1 billion for the construction of its second manufacturing facility in Kulim, Kedah.

Japan's Ferrotec to invest RM1 bil in second plant in Kedah

KUALA LUMPUR (April 23): Bumi Armada Bhd (KL:ARMADA) is expected to report strong earnings in first quarter of 2025 (1QFY2025), but foresees a drop in the following quarters as its floating, production, storage, and offloading (FPSO) Kraken vessel sees a steep cut in its daily charter rates.

Bumi Armada to post strong 1Q earnings, later quarters impacted by FPSO Kraken rate cut — Maybank IB

Malaysia lost billions in potential income — between 4.00% and 9.49% of its gross domestic product (GDP) in 2025 — by excluding non-citizen children born in the country from formal education, according to a joint policy paper by the Social Wellbeing Research Centre (SWRC) and Unicef Malaysia.

Malaysia lost billions by not educating non-citizens — study

Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa can testify as a defence witness in the ongoing 1Malaysia Development Bhd (1MDB)-Tanore criminal trial of former prime minister Datuk Seri Najib Razak.

Ex-Goldman banker Roger Ng can testify as Najib's defence witness, court rules

Chinese President&nbsp;Xi&nbsp;Jinping&nbsp;said on Wednesday that tariff and trade wars undermine the legitimate rights and interests of all countries, hurt the multilateral trading system and impact the world economic order, the official&nbsp;Xinhua news agency reported.

China's Xi says tariffs and trade wars hurt world economic order

Japanese automaker Toyota Motor Corp&nbsp;on Tuesday signed an agreement to establish a wholly owned electric vehicle (EV) plant in Shanghai, in a strategic move to bolster its presence in China, the world's largest automotive market, Xinhua reported.

Toyota signs deal for US$2b EV project in Shanghai

KUALA LUMPUR (April 23): Malaysia’s exports are likely to be impacted by the imposition of any direct tariffs, global growth slowdown or possible recession, but the longer-term outlook remains bright, as there is room for the country to benefit from supply chain diversification, said Franklin Templeton.

Direct tariffs may likely impact Malaysia’s exports; outlook bright on supply-chain diversification — Franklin Templeton

KUALA LUMPUR (April 23): Malaysia’s 30-stock benchmark FBM KLCI constituents will achieve modest earnings growth of 2% in 2025, even under a stressed scenario involving escalating tariff risks, according to Kenanga Research’s latest market strategy report.

Hamsaveni Visuvaseven

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