Xiaohongshu’s biggest shareholders are in talks to sell shares in the Chinese Instagram-like service at a valuation of at least US$20 billion (RM90 billion), drawing interest from Tencent Holdings Ltd and other big names as a potential TikTok US ban approaches.

Xiaohongshu stake sale talks value TikTok rival at US$20b

Tesla Inc’s vehicle sales fell 13% in the first quarter (1Q), dragged down by the changeover of its most important model and international backlash against Elon Musk.

Tesla 1Q sales slump to lowest since 2022 amid anti-Musk backlash

RHB Banking Group has announced a strategic organisational realignment, involving key leadership changes across five senior roles, as part of its new three-year corporate strategy (2025-2027), known as “PROGRESS27”.

RHB announces organisational realignment to drive growth

Malaysia is working towards expanding its flight connectivity to Europe, said Transport Minister Anthony Loke.

Malaysia to expand flight connectivity to Europe — Loke

France’s National Rally plans to protest against what it has called the “tyranny of judges” even after an appeals court said in a surprise statement late on Tuesday that it should be able to rule by mid-2026 on a challenge by Marine Le Pen over her conviction this week.

French far right to keep up pressure as Le Pen gets lifeline

The Malaysian Communications and Multimedia Commission (MCMC) has recorded the statements of two main administrators of a Facebook group being used to spread information and comments believed to incite racial and religious discord that can potentially cause public unrest.

MCMC summons Facebook group admins over racially inciting content

The Construction Industry Development Board (CIDB) has confirmed that no construction activities were taking place at the gas pipeline explosion site in Putra Heights, Subang Jaya, at the time of the incident on Tuesday.

No construction work at gas pipeline fire site — CIDB

YNH Property Bhd (KL:YNHPROP) said the independent review of its joint venture (JV) and turnkey contracts is now expected to be ready by April 9.

The company told Bursa Malaysia on Thursday that its audit committee convened a meeting on March 25 to receive an update from Messrs UHY on the draft special independent review (SIR) report.

YNH Property expects independent review of contracts to be completed by April 9

Manhattan home sales had a strong start to the year as a bigger share of buyers chose to bite the bullet and accept elevated mortgage rates.

Manhattan home sales soar as buyers seize on mortgage rate dips

US private payrolls growth accelerated in March, the ADP National Employment Report showed on Wednesday.

US private payrolls accelerate in March

The major shareholders of ICT Zone Asia Bhd (KL:ICTZONE), which is seeking to transfer from the LEAP Market to the ACE Market, have completed their exit offer for shares they do not own in ICT Zone, which raised their joint shareholding to 65.28%, up from 64.57%.

ICT Zone Asia concludes exit offer with little change to joint offerors' stake

KUALA LUMPUR (April 2): An analyst has flagged a minimum RM18 million impact to Petronas Gas Bhd (KL:PETGAS) following a gas leak fire in Putra Heights on Tuesday. As a result, trading in Petronas Gas shares was halted for an hour until 10am on Wednesday.&nbsp;

Gas pipeline blaze: MIDF flags potential RM18m impact to Petronas Gas

Digital banks in Malaysia are increasing efforts to reach the underserved B40 group, especially those in rural areas, by integrating banking services into popular platforms and offering attractive incentives to encourage usage.

Digital banks in Malaysia urged to re-examine strategies to better serve B40 segment

T7 Global Bhd’s (KL:T7GLOBAL) shares dived on Wednesday, prompting a suspension of intraday short-selling after the oil and gas services firm announced the departure of its executive deputy chairman.

T7 Global dives after deputy chairman's departure, triggering short-selling halt

KUALA LUMPUR (April 2): Yinson Holdings Bhd’s (KL:YINSON) slipped on Wednesday after the oil and gas services firm announced weaker than expected results, while analysts tamper their optimism for the stock’s upside.

Yinson's shares slip, analysts tell investors to look past underwhelming results

KUALA LUMPUR (April 2): The police will soon call in the contractor who is believed to have carried out development work near the site of the gas pipeline fire at Jalan Putra Harmoni, Putra Heights, Subang Jaya on Tuesday, after confirming their identity.

Police to investigate contractor in connection with gas pipeline fire at Putra Heights

SINGAPORE (April 2): The Land Transport Authority (LTA) has awarded a street-hail service operator licence (SSOL) to GrabCab, a subsidiary of Grab Rentals and sister company of GrabCar, which holds a ride-hail service operator licence (RSOL) and a car-pool service operator licence (CSOL). &nbsp; &nbsp;

Grab obtains Land Transport Authority licence to operate taxis in Singapore

Just when the chapter on MBI was about to be reduced to a page in the history books of investment scams in Malaysia, the investigation into the money trail of one of the longest-running pyramid schemes in the country came back to life.

It restarted two weeks ago with the police summonin...

Alternative Views: Questions abound as the ghost of MBI walks again

KUALA LUMPUR (April 1): The scene at Putra Heights, Subang Jaya, resembled a war zone following a gas pipeline fire that broke out at 8.10am on Tuesday.

Putra Heights gas fire scene like a war zone

Professional bodies on Wednesday urged a comprehensive review of safety measures for fire-prone facilities near residential areas, following a Petronas gas pipeline breach that caused a massive blaze on Tuesday, injuring hundreds and damaging numerous properties.

Gas pipeline blaze: Professional bodies call for thorough review of safety measures, better risk management 

KUALA LUMPUR (April 2): Capital A Bhd (KL:CAPITALA) has been granted an extension until April 15, 2025, to issue the shareholder circular for its proposed Practice Note 17 (PN17) regularisation plan.&nbsp;

Capital A given until April 15 to issue shareholder circular on regularisation plan

Palm oil prices are expected to stabilise in the near term, driven by a recovery in production and demand from key importing markets such as India, according to the Malaysian Palm Oil Council (MPOC).

MPOC sees palm oil prices stabilising in near term amid rising demand from India 

As risk aversion rises, investors are increasingly seeking shelter in Malaysian bonds to weather the slump on Bursa Malaysia and other stock markets.

Investors turn to bonds amid Bursa rout

KUALA LUMPUR (April 2): Telecommunications network solutions provider OCK Group Bhd (KL:OCK), whose share price dropped to its lowest in more than one year last Friday (March 28), said the recent earthquake in Myanmar has only caused limited damage to its tower network, with only four sites affected and no disruption to service.

OCK Group says Myanmar quake caused minimal damage, only four towers affected

KUALA LUMPUR (April 2): Rising United States&nbsp;tariffs are expected to affect growth across Asia Pacific (Apac), according to S&amp;P Global Ratings’ latest economic update.

US tariffs expected to affect Asia Pacific economic growth – S&P Global

Indah Water Konsortium Sdn Bhd (IWK) has firmly denied any relation to the gas pipeline fire in Putra Heights, Subang Jaya, on Tuesday.

Indah Water denies responsibility for Putra Heights gas pipeline fire

Al-Aqar Healthcare Real Estate Investment Trust (KL:ALAQAR) faces risks of an earnings decline with the proposed renewal of leases for five key properties, CIMB Securities flagged on Wednesday.

Al-Aqar REIT faces earnings risks with lease renewal of key properties, acquisition — analysts

Gas Malaysia Bhd (KL:GASMSIA) on Wednesday said it has cut back on gas supply to several areas to manage supply disruptions brought about by the temporary closure of gas facilities due to the gas pipeline blaze incident in Putra Heights on April 1, assuring that it will not have a material impact on earnings this financial year.

Gas pipeline blaze: Gas Malaysia reduces supply to some areas, assures minimal impact on earnings 

KUALA LUMPUR (April 2): The Housing and Local Government Ministry (KPKT) is seeking an appropriate and effective mechanism to address the housing woes of the victims of Tuesday's (April 1) gas pipeline fire in Putra Heights, Subang Jaya.

Putra Heights blaze: Housing Ministry studying best way to help displaced victims

KUALA LUMPUR (April 2): theedgemalaysia.com highlighted five stocks with momentum. Three stocks showed positive momentum while two stocks showed negative momentum at Bursa Malaysia's noon break on Wednesday.

<h3>The stocks with positive momentum were:</h3>

<ul>
	<li>Pappajack Bhd (KL:P...

Stocks with momentum on April 2, 2025: Pappajack, MHC Plantations, Malaysia Smelting Corp, Leong Hup, Velocity Capital

A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

Lulu Yilun Chen & Dong Cao