The UK will aim to slash the number of civil servants by 10,000 as it targets a 15% reduction in the government’s operating costs, Chancellor of the Exchequer Rachel Reeves said ahead of Wednesday’s key statement on the public finances.

Reeves says UK to cut 10,000 civil service jobs ahead of key speech

Germany is getting €1 trillion (RM4.77 trillion) in additional funding virtually for free after bond markets reacted positively to its “historic” spending bill, Deutsche Bank AG chairman Alexander Wynaendts said.

Germany got €1 tril for free, says Deutsche Bank chairman

Transboundary haze, a recurring issue in the region, is expected to be one of the key topics discussed at the inaugural Kuala Lumpur Sustainability Summit (KLSS) from Oct 14 to 16, said Natural Resources and Environmental Sustainability Minister Nik Nazmi Nik Ahmad.

KL Sustainability Summit to tackle transboundary haze, says Nik Nazmi

US corporate profits rebounded sharply in the fourth quarter, but an uncertain economic outlook due to tariffs is creating a challenging environment for businesses in the first quarter.

US corporate profits surge in fourth quarter

The chief of Myanmar's ruling junta vowed on Thursday to hold a free and fair election in December, as he urged armed opponents in a widening civil war to renounce violence and pursue dialogue.

Myanmar junta preparing for December election, says top general

The US Department of Health and Human Services will cut about 10,000 full-time jobs and close half of its regional offices, it said on Thursday, a major overhaul of the department under Secretary Robert F Kennedy Jr.

US health department cutting 10,000 workers under Kennedy 

KUALA LUMPUR (March 27): A lawsuit has been filed by the former operator of KL Tower against Lim Seong Hai Capital Bhd's (KL:LSH) subsidiaries and the Malaysian government, challenging the award of the KL Tower concession to LSH Service Master Sdn Bhd.

The former operator of KL Tower — ...

Former KL Tower operator sues LSH Capital, govt over concession award

More small business owners reported a decline in sales last year than an increase, the first time that’s been the case since 2021, according to an annual survey by the Federal Reserve.

Fed survey shows small businesses' sales growth under pressure

Wall Street's main indices slipped on Thursday, as President Donald Trump's latest tariff gambit sent auto stocks into a tailspin, while investors sifted through a slew of economic indicators.

Wall St declines as Trump's auto tariffs sap sentiment

Crescendo Corporation Bhd (KL:CRESNDO) has reported a record-high earnings for the financial year ended Jan 31, 2025 (FY2025), thanks to data centre land sales in Iskandar Puteri.

Crescendo wraps up FY2025 with record revenue, profit

The US trade deficit in goods narrowed in February amid a rise in exports, which could temper economists' expectations for a sharp slowdown in economic growth in the first quarter.

US goods trade deficit narrows in February

China has told state-owned firms to hold off on any new collaboration with businesses linked to Li Ka-shing and his family, according to people familiar with the matter, after the Hong Kong billionaire irked Beijing with his plan to sell two Panama ports to a global consortium.

China said to pause new deals with Li Ka-shing, family following plan to sell Panama ports to BlackRock-led consortium

Former Malayan Banking Bhd (KL:MAYBANK) group president and chief executive officer Tan Sri Abdul Farid Alias, currently an independent director of Bursa Malaysia Bhd (KL:BURSA), has been appointed as the non-executive chairman of the stock exchange operator by the Minister of Finance, effective May 1.

Former Maybank CEO Farid Alias redesignated as Bursa non-executive chairman from May, replacing Abdul Wahid who is retiring

Amanah Saham Nasional Bhd (ASNB), a wholly owned unit trust company of Permodalan Nasional Bhd (PNB), has declared a total income distribution payout of RM2.18 billion for the financial year ending March 31, 2025 (FY2025).

ASNB declares RM2.18b distribution for FY2025, with ASB 2 at 5.50 sen per unit, ASM at five sen

Shares of Pos Malaysia Bhd (KL:POS) jumped on Thursday to their highest in more than three months&nbsp;in highly active trade.

Pos Malaysia's shares surged by as much as 36% or seven sen to 26.5 sen. The stock pared some gains to settle at 25.5 sen at market close, still up 30.8 sen or six sen after&nbsp;25.71&nbsp;million shares changed hands. The trading volume was its biggest in a single day since November 2020.

Pos Malaysia’s stock surges 36%, trading volume rises to over four-year high

(March 27):&nbsp;Indonesia is betting on tiny bugs from Africa to help boost its palm oil production, as the broader sector grapples with tightening supply that threatens to keep prices elevated and add to food inflation.

Indonesia to use one million African weevils to spur palm output

Microsoft Corp&nbsp;has walked away from new data centre projects in the US and Europe that would have amounted to a capacity of about two gigawatts of electricity, according to TD Cowen analysts, who attributed the pullback to an oversupply of the clusters of computers that power artificial intelligence (AI).

Microsoft abandoned data centre projects — analysts

KUALA LUMPUR (March 27): AMMB Holding Bhd (KL:AMBANK) may pay out higher than expected dividends when the sixth-largest Malaysian bank by assets announces its strong results for the current financial year.

AMMB may pay higher than expected dividend, analysts flag

(March 27):&nbsp;Foreign investors sold Malaysian stocks for a 29th-straight session on Wednesday (March 26), the longest selling streak since June 2018, amid concerns over the nation’s artificial intelligence (AI)&nbsp;projects, as the US seeks to control advanced chip technology transfers.

Malaysian stocks record longest outflow streak since June 2018

Malaysia’s electrical and electronics (E&amp;E), rubber, furniture and optical and scientific equipment exports are the most vulnerable to tariffs the US is expected to impose on the “dirty 15” countries next week, according to UOB economists.

Malaysia's electronics, rubber, furniture exports most at risk from Trump's potential tariffs on 'dirty 15' — UOB

Analysts have trimmed their forecasts for Gamuda Bhd (KL:GAMUDA) after weaker-than-expected earnings for the first half ended Jan 31, 2025 (1HFY2025).

Analysts trim Gamuda earnings forecasts after 1H miss

FROM a 10-storey blue-domed office building that overlooks a scenic lake in Jalan Tasik, The Mines Resort City, in Seri Kembangan, Selangor, oil and gas outfit Sapura Energy Bhd (KL:SAPNRG) — a Practice Note 17 company — has moved into the much older 40-storey Menara PNB in Jalan Tun Razak, which...

Cover Story: Is the worst really over for Sapura Energy?

KUALA LUMPUR (March 27): Petronas’ first bond issuance in four years is expected to attract strong investor demand, potentially tightening spreads, lowering yields, and reducing its borrowing costs, according to CreditSights, a research arm of Fitch.

Petronas’ first bond issuance in four years likely to spike demand, making it cheaper to raise funds — CreditSights

KUALA LUMPUR (March 27): Petroliam Nasional Bhd, also known as Petronas, said on Thursday that it has issued a US$5 billion (RM22 billion) senior multi-tranche bond and proceeds would be used for general corporate purposes.

Petronas raises US$5b from its first dollar bond in four years

Financial influencers, also known as finfluencers, will be subject to the guidelines on advertising for capital market products starting Nov 1.

Financial influencers will be regulated as capital market advertisers starting Nov 1

Sapura Energy Bhd (KL:SAPNRG) posted a net profit of RM405.68 million for its fourth quarter compared to a net loss of RM728.44 million a year earlier, helping the troubled oil and gas services group return to profitability for the full year.

Sapura Energy back in the black with RM190 mil full-year net profit  

PERTH (March 27): Malaysia Airports Holdings Bhd (MAHB) is targeting to bring in more long-haul operations from Europe and other regions.

MAHB targets long-haul operations from European air carriers

The Ministry of Finance has&nbsp;allocated RM1.9 billion to Prasarana Malaysia Bhd to buy 1,560 new diesel and electric buses in phases over a three-year period.

Govt allocating RM1.9b for new Prasarana buses, says Amir Hamzah

KPJ Healthcare Bhd (KL:KPJ) has proposed to inject two hospital properties into Al-'Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) for a combined consideration of RM241 million via a sale-and-leaseback arrangement.

KPJ to inject two hospital assets into Al-Aqar Healthcare REIT

Lembaga Tabung Angkatan Tentera aims to trim its strategic assets to 35% of its total holdings over the next three years under the Project Earth restructuring plan.

LTAT to pare strategic assets to 35% of holdings in three years, says CEO

KUALA LUMPUR (March 27): Oasis Home Holding Bhd, which sells consumer products through livestream commerce, signed an agreement for MIDF Amanah Investment Bank to underwrite its Bursa Malaysia ACE Market initial public offering (IPO).

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