Morgan Stanley is planning to cut about 2,000 employees later this month in the first major workforce reduction under chief executive officer Ted Pick.

Morgan Stanley plans about 2,000 job cuts to cut costs — Bloomberg

Wall Street's main indexes declined on Friday as investors continued to navigate the complex landscape of tariffs, with FedEx becoming the latest firm to adjust its annual projections due to economic uncertainties.

Wall Street falls on tariff woes; FedEx slides after bleak forecast

Alliance Bank Malaysia Bhd (KL:ABMB) is making a cash call to its shareholders.

Alliance Bank proposes renounceable rights issue of shares to raise RM600m

The looming barrage of fresh US tariffs is leaving traders in emerging markets (EM) ready to bolt at the slightest whiff of risk.

Trump’s ‘big one’ on tariffs has emerging market on edge

CelcomDigi Bhd (KL:CDB) on Friday announced the appointment of  Jon Omund Revhaug as its deputy chairman and non-independent non-executive director, with immediate effect.

Jon Omund Revhaug appointed deputy chairman of CelcomDigi

Federal Reserve Bank of Chicago president Austan Goolsbee said the inflationary impact from tariffs could be transitory if they were limited in scope.

US Fed’s Goolsbee sees transitory inflation from one-time tariffs 

A weekly round-up of tanker and dry bulk market (March 14, 2025)

Baltic Exchange shipping updates: March 21, 2025

(March 21): New York Federal Reserve president John Williams said on Friday the US central bank's monetary policy is in the right place at this time, given how the economy is performing in an environment where the outlook is quite uncertain.

"There is certain uncertainty in monetary pol...

US Fed's Williams says monetary policy in right place amid notable uncertainty

Bursa Malaysia Derivatives Bhd is set to relaunch its single stock futures (SSF) contract next Monday (March 24).

Bursa Malaysia Derivatives' revamped single stock futures contract set for March 24

Jentayu Sustainables Bhd (KL:JSB) said it has incurred a total cost of RM6.35 million due to the termination of its proposed acquisition of hydro assets in Sabah.

Jentayu Sustainables incurs RM6.35m cost from aborted hydro asset acquisition

Canadian consumers pared back their spending for a second straight month amid trade war uncertainty, partially reversing a year-end boost in sales after a federal sales tax was paused.

Retail sales in Canada weaken amid trade worries, tax break

Genting Bhd (KL:GENTING) has agreed to pay a fine of US$10.5 million (RM46.41 million) to the Nevada Gaming Commission as part of a settlement for a complaint against its Las Vegas resort.

Genting agrees to RM46m fine as part of settlement for complaint against Las Vegas resort  

Nestlé (Malaysia) Bhd (KL:NESTLE) on Friday broke ground for a RM250 million integrated logistics hub in Port Klang.

The facility is designed to function as a regional hub, facilitating product exports to over 60 countries and sourcing imported raw materials, Nestle Malaysia said in a statement. The hub is expected to be fully operational by the first quarter of 2026 and create over 200 new jobs, it said.

Nestlé Malaysia breaks ground for RM250m regional logistics hub in Port Klang

Malaysia Airlines’ parent Malaysia Aviation Group Bhd (MAG) is acquiring another&nbsp;30 new Boeing aircraft&nbsp;for the second stage of its fleet renewal strategy.

Malaysia Airlines’ parent opts for 30 new Boeing aircraft for second stage of fleet renewal

Top Glove Corporation Bhd (KL:TOPGLOV) will likely turn in smaller-than-expected profits for fiscal 2025, analysts said while flagging rising risk from Chinese rivals.

Top Glove faces rising risks from Chinese rivals, analysts flag after weaker-than-expected 2Q

The federal government announced on Friday it will distribute cash totalling RM900 million to eligible serving civil servants and public pensioners under a special Aidilfitri Financial Assistance programme.

Govt to hand out RM900 mil cash to civil servants, public retirees for Aidilfitri

Boeing Global president Brendan Nelson has announced that the company will increase its Malaysian workforce by 20% over the next two years, reinforcing its commitment to the country’s aerospace industry.

Boeing to increase Malaysian workforce by 20% as part of expanded partnership with Malaysia Airlines

China’s imports of US cotton, cars and some energy products all plunged in the first two months of the year after President Donald Trump started imposing tariffs and Beijing retaliated.

China imports of US commodities, cars collapse in new trade war

GX Bank Bhd, Malaysia’s first digital bank, commands the largest share of customer deposits among operational digital banks with RM2.16 billion deposits as of September 2024, according to RAM Ratings.

GXBank tops digital banking sector deposits with RM2.16 bil as of September 2024 — RAM Ratings

A pro-Beijing newspaper has called on CK Hutchison Holdings Ltd to pull out from an agreement to sell its ports on the Panama Canal to a group led by BlackRock Inc, marking an escalation of a pressure campaign on billionaire Li Ka-shing over the deal.

Pro-Beijing paper urges Li Ka-shing to scrap Panama port sale

Lembaga Tabung Haji declared a profit distribution rate of 3.25% after zakat for the financial year ended Dec 31, 2024 (FY2024), breaking its previous four-year streak of declaring 3.1%.

Tabung Haji declares 3.25% profit distribution for FY2024

Capital A Bhd (KL:CAPITALA) said the High Court has confirmed its issued share capital reduction and repayment, paving the way for the low-cost airline’s proposed distribution.

Capital A to proceed with distribution plans after court confirms share capital reduction

MSB Global Group Bhd, an aftermarket automotive parts and components distributor, on Friday launched its initial public offering (IPO) that could raise up to RM41.4 million from the ACE Market.

Autopart distributor MSB Global sets ACE Market IPO price at 20 sen per share

Read more in the March 24 edition of The Edge Malaysia Weekly.

Trumpianomics: The Art of Coercion

DRB-Hicom Bhd (KL:DRBHCOM) has been spared from a potential RM246.25 million tax bill after the Inland Revenue Board (IRB) ruled in favour of the automotive-to-banking conglomerate’s appeal, reversing its decision to classify the gain from the disposal of its long-held stake in Alam Flora Sdn Bhd as income.

DRB-Hicom spared RM246 mil tax bill after IRB rules in favour of appeal

Malaysia’s headline inflation slowed in February 2025 as food prices stabilised while housing and utilities costs moderated, according to official data released on Friday.

Malaysia's February inflation slows as housing, utilities costs moderate, official data show

The Consumer Credit Bill 2025, which is expected to be gazetted by the end of this year, will require buy now, pay later (BNPL) providers to report consumer borrowing data to credit rating agencies.

Mandatory reporting of BNPL borrowing data to credit agencies under new bill

The Attorney General's Chambers (AGC) has applied to strike out the government, along with Prime Minister Datuk Seri Anwar Ibrahim, as parties in Datuk Seri Mukhriz Mahathir's ongoing legal action over additional taxes and subsequent penalty of about RM5 million.

Anwar, govt seek to be removed from Mukhriz's legal challenge over RM5 mil additional taxes

Britain's Heathrow Airport was shut on Friday after a huge fire at a nearby electrical substation knocked out its power, disrupting flight schedules around the world.

Global flight turmoil as London's Heathrow closed by huge fire

Alliance Bank Malaysia Bhd (KL:ABMB) is making a cash call to its shareholders.

Hotayi Electronic (M) Sdn Bhd, a Taiwanese electronics manufacturing services company, has launched the third phase of its expansion in Batu Kawan, Penang, with an investment of RM500 million in a manufacturing facility.

Hannah Levitt, Sridhar Natarajan & Matthew Monks