KUALA LUMPUR (May 22): CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak said he had decided to leave Malaysia's Employees Provident Fund (EPF) investment panel when his tenure ends on May 31 this year.

Nazir said via Instagram that he had decided not to have his EPF investment pa...

Nazir Razak leaving Malaysia's EPF investment panel

Oil prices gained 1% on Monday as US President Donald Trump said he will impose 25% tariff on countries that buy oil, gas from Venezuela, and on the back of new US sanctions on Iranian exports.

Oil climbs 1% as Trump plans tariff on countries that buy Venezuelan oil, gas

India’s government will seek an exemption from President Donald Trump’s reciprocal tariffs when US officials arrive in the country Tuesday for talks over a bilateral trade agreement, people familiar with the matter said.

India to seek tariff reprieve in meeting with US officials, Bloomberg reports

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.

Awantec, Ge-Shen, Tex Cycle, K Seng Seng, Agricor, IJM, Oasis Harvest, Axiata, Capital A, AAX, AME REIT, AME Elite, Nestcon, Advancecon, Borneo Oil, MHB, Catcha Digital, ICT Zone

US President Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on any trades made with the US.

Trump to impose 25% tariff on countries that buy oil, gas from Venezuela

The Malaysia External Trade Development Corporation (Matrade) has been given a target to increase the country’s export value of goods by 5% to RM1.58 trillion in 2025.

Matrade targets 5% increase in Malaysia's export value of goods this year

23andMe on Sunday filed for bankruptcy in the US after struggling with weak demand for its ancestry testing kits that once featured in Oprah Winfrey's annual list of favourite things, and following a 2023 data breach that damaged its reputation.

DNA testing firm 23andMe files for bankruptcy as demand dries up

President Donald Trump's plan to revitalise the US shipbuilding industry is likely to backfire because it relies on proposed fees on China-linked vessels that will hurt domestic ship operators and ports, industry executives will tell the US Trade Representative at hearings this week.

Trump's fees on Chinese ships will hurt US companies, maritime executives to tell hearing

Technology stocks led Wall Street's surge on Monday after signs the Trump administration is taking a measured approach on tariffs against its trading partners.

Wall Street surges as tariff optimism boosts tech stocks

Dayang Enterprise Holdings Bhd (KL:DAYANG) said the group has secured three work orders from Petronas Carigali Sdn Bhd for the provision of accommodation workboat vessels.

Dayang wins workboat jobs from Petronas Carigali; EPF reemerges as substantial shareholder

President Donald Trump will tout plans by Hyundai Motor Co to invest US$20 billion (RM88.68 billion) in the US, as the South Korean automaker moves to boost production on American soil and avoid his tariff threats, according to a person familiar with the matter.

Trump to highlight Hyundai plans for US$20 bil US investment, Bloomberg reports

Ge-Shen Corp Bhd (KL:GESHEN) and Tex Cycle Technology (M) Bhd (KL:TEXCYCL) were among top losers in Monday’s morning session.

Counters related to businessman Keh Chuan Seng under selling pressure

Bank Negara Malaysia (BNM) is set to pay a record RM5.25 billion dividend to the government this year, following a surge in net profit to RM13.16 billion for the financial year ended Dec&nbsp;31, 2024 — the highest on record since 1997.

BNM to pay record RM5.25b dividend to govt as profits hit 27-year high in 2024

Shares in Hong Kong billionaire Li Ka-shing’s CK Hutchison Holdings Ltd&nbsp;rallied after one of his sons was invited to a high-profile summit in Beijing over the weekend amid the company’s controversial sale of its ports in Panama.&nbsp;

CK Hutchison stock jumps as Li Ka-shing’s son gets China invite

Shares of Zensho Holdings Co, which operates Japanese restaurant chain Sukiya, fell as much as 7.1% on Monday, the most since Feb&nbsp;13, after the firm said a customer had found a dead rodent in its miso soup.

Rodent found in miso soup prompts plunge in Sukiya owner’s stock in Japan

IJM Corp Bhd (KL:IJM) remains positive about its business outlook and the potential to secure tendered projects, according to its chief financial officer (CFO) Datuk Edward Chong Sin Kiat, despite recent online allegations casting a pall over the company.

IJM remains confident in project prospects despite online allegations, says CFO

Shares of MMAG Holdings Bhd (KL:MMAG) tumbled as much as 17.5 sen or 22.44% to 60.5 sen in evening trade on Monday, triggering Bursa Malaysia Securities' suspension of intraday short selling for the remainder of the day.

MMAG's share price plunges more than 15%, intraday short selling suspended

PENANG Turf Club (PTC) — the largest piece of prime real estate on the island — is to be broken into several parcels and sold separately to make it more feasible, as well as to attract a bigger pool of potential purchasers, sources tell The Edge.

A previous bid to sell PTC via a call fo...

Penang Turf Club to be sold in parcels — sources

Malaysia may face heightened and recurring supply shocks going forward, the central bank warned, but argued that any monetary policy response is only needed if the risks worsen or intensify.

Malaysia may face heightened and recurring supply shocks, BNM flags

Malaysian retail group Macrovalue is set to acquire all Cold Storage and Giant supermarkets in Singapore in a deal valued at S$125 million (RM414 million).

Malaysia's Macrovalue to acquire Cold Storage and Giant supermarkets in Singapore for RM414 mil

Analysts are positive&nbsp;that Resorts World Las Vegas (RWLV), a subsidiary of Genting Bhd (KL:GENTING), will retain its non-restricted gaming licence after paying a hefty fine&nbsp;to the Nevada Gaming Control Board (NGCB).

Analysts positive on Resorts World Las Vegas retaining licence despite hefty Nevada fine

DBS Group's incoming CEO Tan Su Shan is open to "bolt-on" acquisitions, and will focus on boosting the Singaporean lender's high-return businesses such as wealth and transaction banking.

DBS' new CEO Tan open to 'bolt-on' acquisitions

The Court of Appeal on Monday has recorded a consent judgment between the federal government and AwanBiru Technology Bhd’s unit Prestariang Skin Sdn Bhd, where the government has agreed to pay Prestariang a sum of RM201.477 million within three months and withdraw its appeal for a stay of the Kuala Lumpur High Court’s decision last year that ordered it to pay RM231.55 million.

Government settles with Awantec subsidiary Prestariang Skin, agrees to pay RM201m over termination of immigration control system project

Borneo Oil Bhd (KL:BORNOIL) said its indirect subsidiary Borneo Oil (Sabah) Sdn Bhd (BOS) has secured a licence from Petroliam Nasional Bhd (Petronas) as a Sabahan vendor.

Borneo Oil chosen as Petronas’ Sabah vendor, teams up with Chinese firm to bid for drilling projects

Former director general of Public Service (KPPA) Tan Sri Mohd Khairul Adib Abd Rahman has emerged as a substantial shareholder in NexG Bhd (KL:NEXG) — formerly Datasonic Group Bhd — with a 6.11% indirect stake.

Former Public Service DG emerges as substantial shareholder in NexG, chairman Hanifah now largest shareholder

VS Industry Bhd’s (KL:VS) earnings are likely to decline this year amid subdued consumer electronics demand, which is expected to persist, and delays in earnings contributions from its Philippines venture, analysts flagged.

VS Industry faces earnings decline amid weak demand and delays in contributions from Philippine venture — analysts

KUALA LUMPUR (March 24): Moody’s Ratings has assigned an A2 rating to Petronas Capital Ltd’s proposed US dollar-denominated senior unsecured notes under its medium-term note (MTN) programme, which is guaranteed by national oil company Petroliam Nasional Bhd (Petronas).

Moody’s assigns A2 rating to Petronas Capital’s US dollar notes, citing strong credit profile

The Federal Court has allowed Attorney General Datuk Mohd Dusuki Mokhtar to go ahead with his&nbsp;application to ask the seven questions of law posed by the Attorney General's Chambers (AGC) in its quest to overturn Datuk Seri Najib Razak’s successful attempt to have the justifications of his addendum challenge to be heard.

Apex court dismisses Najib’s attempt to block AGC’s challenge application against having the merits of his addendum to be heard

FULL-fledged property developer and construction firm Lim Seong Hai Capital Bhd (LSH Capital) (KL:LSH), which is set to migrate from the LEAP Market and make its debut on the ACE Market this Friday (March 21), is looking to expand its footprint in the facilities management sector, following its l...

IPO Watch: LSH Capital stands tall with KL Tower deal, eyes bigger play in facilities management

（吉隆坡24日讯）巨盛机构（Ge-Shen Corp Bhd）（KL:GESHEN）和Tex Cycle Technology (M) Bhd（KL:TEXCYCL）沦为主要下跌股。

商人郭泉成相关股遭卖压

BYD Co’s sales last year surpassed the US$100 billion (RM443.36 billion) mark, leapfrogging Elon Musk’s Tesla Inc on revenue, as the Chinese auto giant wows consumers with a range of electric and hybrid cars packed with high-tech features.

Khairie Hisyam Alimman and Chong Jin Hun