Despite global economic turbulence, Asia-Pacific (Apac) is projected to account for 60% of global gross domestic product (GDP) growth in 2024. This optimism isn’t unfounded — it’s rooted in the tangible growth that countries within the region are making, with Malaysia being a prime example. Since...

Growing Champions: Your organisation needs a better business building strategy

Digital technology has helped energise Malaysia’s business ecosystem in recent years. The traditional levers of success are changing as innovative digital technologies unlock new paths to growth.

Competitive levers are shifting from the physical to the digital, making tech innovation th...

Growing Champions: Harnessing the power of technology to energise the nation’s businesses

Artificial intelligence (AI) offers an increasingly powerful platform to unlock opportunities in our daily lives. Trending solutions such as ChatGPT might be capturing the headlines, but below the surface there are countless AI-driven solutions that could have positive implications for Malaysia’s...

Growing Champions: AI can help propel Malaysia towards continued equitable growth

The European Union (EU) is working on a new sanctions package that will target the Russian financial sector in the latest effort by Ukraine’s allies to place pressure on President Vladimir Putin to negotiate a peace deal to end the war.

EU prepares sanctions on third-party banks supporting Russia

KUALA LUMPUR (May 16): Here is a brief recap of some corporate announcements and happenings that made the headlines on Friday:

Maxis Bhd’s (KL:MAXIS) net profit rose 5% to RM371.1 million for the first quarter ended March 31, 2025 (1QFY2025) from RM353 million a year before, thanks most...

Maxis, PIE Industrial, Mi Technovation, CSC Steel, Avillion, MRCB, Hextar Capital, TNB, Magma, Pekat, EG Industries, Samaiden, BTM Resources, Gamuda

New Jersey Transit locomotive engineers started striking early on Friday, triggering a shutdown of the agency’s rail service and disrupting travel for hundreds of thousands of commuters.

NJ Transit train engineers strike, disrupting travel to New York City

Minister of Tourism, Arts and Culture Datuk Seri Tiong King Sing has called for stronger support and investment in Malaysia’s nursing workforce, describing nurses as the “architects of the future healthcare landscape".

Nurses the architects of Malaysia’s future healthcare landscape, says Tiong

Prime Minister Datuk Seri Anwar Ibrahim has called on Islamic nations to strengthen cooperation with their neighbouring countries, taking inspiration from the Asean model.

Anwar urges Muslim nations to embrace Asean-style cooperation 

(May 16): The world’s biggest sugar trader slashed its forecast for a global surplus in the coming season, cautioning that the market was underestimating risks from weather and transportation in top grower Brazil.

Worldwide output in 2025-26 is now expected to outstrip demand by just 40...

World’s top sugar trader slashes estimate for global surplus

Wall Street's main indexes were subdued on Friday, but were still on track for robust weekly gains buoyed by a US-China tariff truce and cooling inflation, while focus was on a pivotal vote on President Donald Trump's tax legislations.

Wall Street flat; set for strong weekly gains on trade optimism

US consumer sentiment unexpectedly fell to the second-lowest level on record and inflation expectations climbed to multi-decade highs amid growing concerns about tariffs.

US consumer sentiment falls close to record low on inflation

The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has proposed that permanent appointees under the new Public Service Remuneration System (SSPA) be given monthly basis or lump sum options for their retirement payments, subject to conditions and eligibility.

Cuepacs proposes flexible retirement payout options under new SSPA

US housing starts increased in April as a pickup in multifamily home construction more than offset a decline in single-family dwellings caused by elevated inventory.

US housing starts increase in April on pickup in construction of multifamily home 

Avillion Bhd (KL:AVI) plans to raise RM11.5 million through a private placement of 283 million new shares to refurbish one of its main hotels, Avillion Port Dickson. This plan requires shareholders’ approval.

Avillion, owned by late Daim’s son, plans RM11.5m placement to upgrade Port Dickson hotel

Bursa Malaysia Bhd (KL:BURSA), the operator of the country's bourse, said its chief financial officer (CFO) Rosidah Baharom will step down from the role, effective May 17.

Bursa Malaysia CFO Rosidah Baharom to step down after 11 years

KUALA LUMPUR (May 16): Here is a brief recap of some corporate announcements and happenings that made the headlines on Friday:

Maxis Bhd’s (KL:MAXIS) net profit rose 5% to RM371.1 million for the first quarter ended March 31, 2025 (1QFY2025) from RM353 million a year before, thanks most...

CSC Steel Holdings Bhd (KL:CSCSTEL) posted a 44.2% year-on-year jump in its first quarter net profit, despite weaker revenue, thanks to lower raw material costs.

CSC Steel flags challenging outlook after 44% profit jump on lower raw material costs in 1Q

Tropicana Corp Bhd (KL:TROP) has appointed renowned architecture, engineering and urban planning firm Skidmore, Owings &amp; Merrill (SOM) to lead the transformation of its 163-acre Lido Waterfront Boulevard masterplan in Johor.

Tropicana appoints architecture firm Skidmore, Owings & Merrill to design Lido Waterfront Boulevard in Johor

Emerging-market stocks are “the next bull market” as they benefit from a weaker dollar and an economic recovery in China, according to Bank of America Corp’s Michael Hartnett.

BofA’s Hartnett says EM stocks will outperform everything else

Samaiden Group Bhd (KL:SAMAIDEN) announced the mutual termination of its letter of award (LOA) from BTM Resources Bhd (KL:BTM) for the construction of a 10-megawatt (MW) biomass power plant.

Samaiden, BTM Resources mutually call off 10MW biomass power plant project

Oasis Home Holding Bhd is the latest initial public offering (IPO) to have received lukewarm investor interest, with an oversubscription rate of 0.55 times.

Oasis Home’s ACE Market IPO shares oversubscribed by 0.55 times

The Korea National Oil Corporation (KNOC) — South Korea's state-owned oil and gas company — will join 3D Energi Ltd and ConocoPhillips Australia's joint venture in Australia to hunt for new gas resources in the Otway Basin. 3D Energi is a 9.34%-owned associate of Hibiscus Petroleum Bhd (KL:HIBISCS).

South Korea's KNOC joins Hibiscus associate 3D Energi and ConocoPhillip in Australia gas hunt

Minister of Tourism, Arts and Culture Datuk Seri Tiong King Sing has called for stronger support and investment in Malaysia’s nursing workforce, describing nurses as the “architects of the future healthcare landscape".

While Bank Negara Malaysia (BNM) has not cut the gross domestic product (GDP) growth forecasts, most economists see the domestic economic expansion slowing down to the 4% level.

Economists see 2025 GDP growth decelerating to 4% on trade tensions, slower exports

Wall Street's main indexes were subdued on Friday, but were still on track for robust weekly gains buoyed by a US-China tariff truce and cooling inflation, while focus was on a pivotal vote on President Donald Trump's tax legislations.

US consumer sentiment unexpectedly fell to the second-lowest level on record and inflation expectations climbed to multi-decade highs amid growing concerns about tariffs.

Can politicians do whatever they want to the Federal Constitution? Does it have an ‘essence’ which cannot be destroyed through amendment?

Opinion: A Malaysian doctrine

The Enforcement Agency Integrity Commission (EAIC) has uncovered misconduct in the handling of investigation files by an officer from the Department of Fisheries Malaysia (DOF) at the Port Klang District Fisheries office, Resource Protection Branch.

EAIC uncovers misconduct by DOF, MMEA officers, recommends disciplinary action

The Congress of Unions of Employees in the Public and Civil Services (Cuepacs) has proposed that permanent appointees under the new Public Service Remuneration System (SSPA) be given monthly basis or lump sum options for their retirement payments, subject to conditions and eligibility.

(May 16): The world’s biggest sugar trader slashed its forecast for a global surplus in the coming season, cautioning that the market was underestimating risks from weather and transportation in top grower Brazil.

Worldwide output in 2025-26 is now expected to outstrip demand by just 40...

The European Union (EU) is working on a new sanctions package that will target the Russian financial sector in the latest effort by Ukraine’s allies to place pressure on President Vladimir Putin to negotiate a peace deal to end the war.

（吉隆坡16日讯）EG工业（EG Industries Bhd）（KL:EG）与一家美国公司达成协议，为全球市场供应网络消费品及人工智能（AI）相关产品。

EG工业为美国科技公司生产AI相关产品

In a week that saw an epic rally in US stocks and recession calls cast aside, currency traders are just as bearish as ever on the American dollar. &nbsp;

Strategists at JPMorgan Chase &amp; Co&nbsp;and Deutsche Bank AG say the currency will keep weakening, and sentiment among options traders is the most negative in five years. The dollar index is still close to its April lows, evidence that investors are wary of returning despite the easing of China trade tensions that lifted other markets. &nbsp;

Hanno Stegmann

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Hanno Stegmann

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