MALAYSIA’s push towards digitalisation is drawing keen interest from global tech giants, with Amazon Web Services Inc (AWS), Microsoft Corp, Google and Oracle Corp committing a combined investment of US$16.9 billion (RM75 billion) through to 2038.

These investments reflect Malaysia’s po...

Oracle: US$6.5 bil investment in Malaysia ‘more than a data centre’

SDS Group Bhd (KL:SDS), a Johor-based manufacturer and retailer of bakery products, is on a roll with its financial performance.

Buoyed by a steady expansion of its retail outlets and wholesale distribution network, the homegrown confectionary specialist’s net profit has grown steadily ...

SDS Group rolls out record profits

THE share price of Johor-based dairy product specialist Farm Fresh Bhd (KL:FFB) plummeted to a low of RM1.06 in July last year — a sharp drop of 21% from its March 2022 initial public offering (IPO) price of RM1.35.

At the time, investor sentiment was shaken by reports of supply constra...

Farm Fresh hits record high — will the stock keep climbing?

MEGA Fortris Bhd (KL:MEGAFB), a security seals specialist that is scheduled to list on the Main Market of Bursa Malaysia on Monday (Nov 11), is moving forward with two major expansion plans. The group plans to put up a new plant in the UK to enhance its support of e-commerce giant Amazon.com Inc ...

IPO Watch: Mega Fortris to seal business opportunities with UK, Macau ventures

With the US presidential election around the corner, Rakuten Trade chief executive officer Kazumasa Mise opined that the race between Donald Trump and Kamala Harris could shape the outlook for major sectors on Wall Street.

US election could trigger major sectoral shifts on Wall Street, says Rakuten Trade CEO

MBI Group, founded by Tedy Teow Wooi Huat 15 years ago, was initially presented as a legitimate “members-only” investment programme and loyalty scheme promising investors exceptionally high returns. Unfortunately, it turned out to be a money game, allegedly involving fraud, scams and operating as...

Cover Story: 400 Chinese investors demand RM170 mil in class action against MBI

BUDGET 2025 has sparked mixed reactions within the country’s semiconductor sector, with some industry leaders hailing the initiatives as a significant step forward, while others say they lack the depth and focus needed to truly elevate Malaysia to the status of a global semiconductor hub.

...

Cover Story: 'Best budget ever’ or a major let-down for the semiconductor industry?

THE acronym MBI if spelt backwards is IBM, the US-based computer main frame technology company with a global reach.

Tedy Teow Wooi Huat, the prime figure behind the disgraced MBI, wanted a global reach similar to IBM. In his talks to members, he would always drive home the point why the...

Cover Story: Picking up the pieces from MBI’s collapse

Sunsuria Bhd (KL:SUNSURIA) has launched Concord College International School Malaysia (CCIS) in Sunsuria City, Sepang, Selangor.

Sunsuria unveils Concord College International School Malaysia

HOVID Bhd’s flagship Ho Yan Hor tea may help cool the body and soothe “heatiness”, but it appears the temperature is rising in the boardroom of the Ipoh-based pharmaceutical company.

A tussle is brewing between two major shareholders — Hovid managing director and chairman David Ho Sue S...

Shareholder fight brewing at herbal tea purveyor Hovid

The Penang Malaysian Anti-Corruption Commission (MACC) has remanded the former executive director of an agency involving religious institutions in the state for allegedly abusing his position to obtain RM300,000 involving the purchase of a golden chariot.

Former Penang agency executive director remanded over purchase of golden chariot

The tabling of the Urban Renewal Bill in Parliament in March 2025 aims to ensure that urban development is carried out systematically, adhering to the specifications set by the authorities, said Housing and Local Government Minister Nga Kor Ming.

Urban renewal bill to ensure systematic, well-planned development — Nga

Tech giant Apple plans to invest US$1 billion (RM4.4 billion) in a manufacturing plant in Indonesia that produces components for smartphones and other products, Indonesia's investment minister said on Thursday.

Apple planning US$1b manufacturing plant investment in Indonesia, minister says

Gamuda Bhd (KL:GAMUDA) and 99 Speed Mart Retail Holdings Bhd (KL:99SMART) have been included in the FTSE Bursa Malaysia KLCI, while Genting Bhd (KL:GENTING) and its 49.3%-owned associate, Genting Malaysia Bhd (KL:GENM), have been dropped, following the semi-annual review of the FTSE Bursa Malaysia Index Series in December.

FBM KLCI review: Gamuda and 99 Speed Mart in, Genting and Genting Malaysia out

Elon Musk is heading to the Capitol on Thursday to stoke congressional enthusiasm for his ambitious effort to slash at least US$2 trillion (RM8.8 trillion) from the federal budget, a level of austerity unprecedented in the US since the winding down of World War II.

Elon Musk works Congress as he targets US$2 tril budget chop

Emmanuel Macron is looking for another prime minister on Thursday after the far right joined forces with the left to push through a no-confidence motion against his government over a budget dispute.

Macron begins search for new premier as Barnier falls in no-confidence vote

Singapore’s stock market edged closer to an all-time high on Thursday, after a prolonged rally in bank shares.

The benchmark Straits Times Index (STI) rose as much as 1.1% during the day before paring its gains to finish up 0.6%. That put the market just shy of the record closing price set in October 2007.

Singapore’s bank stock rally pushes market near record high

The Malaysian Meteorological Department (MetMalaysia) has issued an alert-level continuous rain warning for seven states, effective until Dec 11.

Continuous rain warning for seven states until Dec 11

Fiamma Holdings Bhd (KL:FIAMMA) is forming a joint venture (JV) company to bring heating, ventilation, and air conditioning (HVAC) solutions under the VINO brand into Malaysia.

Fiamma forms JV with Chinese company to bring in VINO air-conditioners

The Royal Commission of Inquiry (RCI) into Batu Puteh has recommended a criminal investigation to be initiated against former prime minister Tun Dr Mahathir Mohamad.

This suggestion was among the RCI’s recommendations in its 271-page declassified report that was tabled in Parliament on Thursday.

Batu Puteh RCI recommends criminal probe on Dr Mahathir

Genting Bhd (KL:GENTING) and Genting Malaysia Bhd (KL:GENM) are likely to be removed from the 30-stock FTSE Bursa Malaysia (FBM) KLCI in the latest review of the benchmark index that will be announced on Thursday, according to sources.

Genting, Genting Malaysia to be dropped from FBM KLCI — sources

Fashion Valet Sdn Bhd co-founders Datuk Fadzarudin Shah Anuar and Datin Vivy Sofinas Yusof&nbsp;claimed trial at the Kuala Lumpur Sessions Court on Thursday to a charge of criminal breach of trust (CBT) involving RM8 million of funds from Khazanah Nasional Bhd and asset manager Permodalan Nasional Bhd (PNB).

FashionValet co-founders claim trial, charged with CBT for transferring RM8m of Khazanah, PNB investment funds without board approval

Retailer Eco-Shop Marketing Bhd, which operates 320 discount stores nationwide, is planning to float its shares on the Main Market of Bursa Malaysia to raise funds for business expansion, according to its draft prospectus filed with the Securities Commission Malaysia.

Creador-backed discount store retailer Eco-Shop eyes Main Market listing, plans to float 862 mil shares

Supermax Corporation Bhd (KL:SUPERMX) shares gained in early trade on Thursday, mostly due to an improved outlook and&nbsp;earnings potential of the company's US facility, amid recent efforts to boost glove production there.

Supermax gains on earnings potential of US facility amid efforts to boost glove production

Cropmate Bhd (KL:CRPMATE) jumped on its ACE Market debut on Thursday, after its initial public offering (IPO) raised some RM42 million mainly for the fertiliser company's operations and expansion plans.

Fertiliser company Cropmate jumps 22.5% on ACE Market debut

Petroliam Nasional Bhd (Petronas),&nbsp;through Malaysia Petroleum Management (MPM), has announced the awarding of production sharing contracts (PSCs) for three discovered resource opportunities (DRO) clusters and one exploration block offered under the Malaysia Bid Round (MBR) 2024, which was launched earlier this year.

Petronas awards four new production sharing contracts under Malaysia Bid Round 2024

Prime Minister Datuk Seri Anwar Ibrahim has voiced disappointment over delays in executing two national digital initiatives, namely MyDigital ID and the second 5G network.

Anwar voices disappointment over second 5G network, MyDigital ID delays

Southeast Asia’s largest superapp Grab has selected&nbsp;Amazon Web Services (AWS) as its preferred cloud provider, to drive innovation and growth across its operations in eight countries.

Grab picks Amazon Web Services as preferred cloud provider to accelerate innovation across SEA

Bitcoin broke US$100,000 (RM442,700) on Thursday as investors bet on a friendly US regulatory shift, while world stocks touched fresh record highs with sentiment bolstered by upbeat comments on the economy from Federal Reserve chief Jerome Powell.

Euphoria all around as bitcoin vaults above US$100,000, stocks hit record highs

In early October, Nissan Motor&nbsp;managers dialed in for a regular online meeting with boss Makoto Uchida only to hear a grim message: business was worse than expected and the Japanese car maker had to cut jobs and production.

Nissan boss Uchida races to save the automaker — and his job, Reuters reports

The Royal Commission of Inquiry (RCI) into Batu Puteh has recommended a criminal investigation to be initiated against former prime minister Tun Dr Mahathir Mohamad.

This suggestion was among the RCI’s recommendations in its 271-page declassified report that was tabled in Parliament on Thursday.

Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), commenced the construction of two public primary schools in its 1,530-acre (619.17-hectare) Gamuda Cove township in Kuala Langat, Selangor, on Wednesday.

Gamuda Land breaks ground for two public primary schools at Gamuda Cove

MN Holdings Bhd's (KL:MNHLDG) contract wins and financial performance in its current financial year are expected to hit a new record, supported by strong order book and record-breaking tender prospects, said Phillip Capital.

“We believe MN is on track for FY2025 (financial year ending June 30, 2025) surpassing FY2024 new contract wins of RM349 million,” said Phillip Capital in its latest company note.

Phillip Capital sees record earnings, contract wins for MN Holdings in FY2025

Former prime minister Datuk Seri Najib&nbsp;Razak has said that while “slightly pudgy young man” Low Taek Jho (Jho Low) had “remarkable charisma” and “an extraordinary ability to navigate across diverse and influential circles”, he had never appointed the fugitive businessman to be his go-between for any 1Malaysia Development Bhd (1MDB)-related matters.

Najib: ‘Slightly pudgy young man’ Jho Low was never appointed as my go-between for 1MDB matters

The government is proposing to separate the roles of the chairman of the Malaysian Communications and Multimedia Commission (MCMC) and its newly established chief executive officer, as well as to transfer the regulator's administrative responsibilities and powers to the CEO.

Govt proposes non-executive chair for MCMC, new CEO to assume admin role under amendment bill

Shares of&nbsp;cash-rich Apollo Food Holdings Bhd&nbsp;(KL:APOLLO) soared in early trading on Thursday, after it declared a 30 sen dividend following improved second-quarter results.

Apollo shares rise on dividend following stronger 2Q

Oilfield services company Deleum Bhd (KL:DELEUM) said it is exploring more acquisition opportunities, after firming up a 70% stake purchase in an Indonesian valve solutions provider that could triple its addressable control and pressure relief valve market size.

Deleum eyes more acquisitions after 70% stake buy in Indonesian O&G valve outfit

Imprisoned former prime minister Datuk Seri Najib Razak said that "there was nothing sinister" about his meeting with then-Goldman Sachs chief executive officer Lloyd Blankfein in 2009.

1MDB-Tanore: Najib says nothing ‘sinister’ about meeting with ex-Goldman CEO in 2009

French Prime Minister Michel Barnier will resign on Thursday after far-right and leftist lawmakers voted to topple his government, plunging the eurozone's second-largest economy deeper into political crisis.

PM Barnier to resign as France's political crisis deepens

Robinhood Markets Inc&nbsp;will expand into Asia next year, tapping Singapore as its local base in the region, chief executive officer Vlad Tenev said.

“We plan to be serving customers across Asia soon,” Tenev said on Wednesday at the firm’s investor day in New York.

Liew Jia Teng

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Liew Jia Teng

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