KUALA LUMPUR (Feb 10): Main market bound-Pantech Global Bhd, a manufacturer of pipe fittings and welded pipes, remains unfazed by proposed US tariffs of 25% on steel and aluminum imports, citing the blanket nature of the tariff as a levelling factor.

US tariffs won’t hinder Main Market-bound Pantech Global’s growth, says group MD

Police are believed to have called up several corporate figures in Kuala Lumpur and Penang in their investigations related to the money trail of the now-defunct pyramid scheme MBI.

Bukit Aman calls up corporate figures to assist in investigations on MBI's money trail — sources

Stocks in Asia are poised to advance after a late rally in big tech helped the US benchmark eke out a third day of gains, though trade war risks weighed on sentiment.

Equity futures indicated jumps of at least 0.5% in Tokyo, Sydney and Hong Kong.

Asian stocks to gain after US rises for third day

Oil dipped, halting the longest rally in almost three months, after Ukrainian President Volodymyr Zelenskiy agreed to implement a partial truce, raising expectations that Russian crude will soon flow freely. 

West Texas Intermediate futures dropped as much as 0.9% before clawing back most of those losses to settle down 0.2% at $69 a barrel.

Oil dips as traders assess impact of ceasefire on Russian flows

A late-day rally in most big techs drove stocks higher on Tuesday, though gains moderated after one of the market’s best days in 2025 as traders assessed economic risks amid the threat of trade war.

After fluctuating throughout most of the session, the S&P 500 rose by 0.2%.

Stocks eke out gain as tech drives late-day bounce

The US is exerting "unacceptable pressure" on Greenland, Denmark's Prime Minister Mette Frederiksen said on Tuesday, ahead of an unsolicited visit by a high-profile US delegation to the semi-autonomous Danish territory this week.

US visit to Greenland is unacceptable, Danish prime minister says

Executives from the world's top commodity trading houses expect a well-supplied oil market this year, with concerns remaining over global demand growth.

Top traders see oil market well supplied, soft prices this year

Canadian Prime Minister Mark Carney said his top cabinet ministers are in contact with White House officials and want to have “serious” negotiations about trade, as US trading partners brace for President Donald Trump’s next barrage of tariffs.

Carney says Canada wants to ‘get serious’ with Trump on trade talks

The Nvidia AI chip fraud case, which is allegedly linked to Malaysia, is still under investigation, and the Ministry of Investment, Trade and Industry (Miti) is fully cooperating with the investigation team, said its minister Tengku Datuk Seri Zafrul Abdul Aziz.

Nvidia AI chip fraud case under probe, Miti continues to cooperate with investigation team, says Zafrul

Ratings agency Moody's said on Tuesday that the US' fiscal strength is on track for a continued multi-year decline as budget deficits widen and debt becomes less affordable.

Moody's says US fiscal strength on course for continued decline 

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

Velesto, Astro, Binastra, MCE Holdings, Axiata, Cape EMS, Malton, Press Metal, Capital A, KNM, Ge-Shen, Tex Cycle, K Seng Seng

If you’re a Malaysian Muslim saver, March is that time of year when one number matters more than most: Tabung Haji’s (TH) dividend. And this year, the number is 3.25% — the highest in seven years.

The bigger picture behind Tabung Haji’s dividend announcement

Oil and services firm KNM Group Bhd (KL:KNM), whose share price has been trading at its lowest over the last two weeks, said its indirect wholly-owned subsidiary is being sued by MBSB Bank Bhd for allegedly defaulting on a RM116.13 million Islamic financing facility.

MBSB Bank demands to auction KNM’s land in Kuantan over RM116m debt 

The Nvidia AI chip fraud case, which is allegedly linked to Malaysia, is still under investigation, and the Ministry of Investment, Trade and Industry (Miti) is fully cooperating with the investigation team, said its minister Tengku Datuk Seri Zafrul Abdul Aziz.

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

Press Metal Aluminium Holdings Bhd’s (KL:PMETAL) 21.75%-owned Hong Kong unit, Nanshan Aluminium International Holdings Ltd (NAIHL), had a soft debut on the Hong Kong Stock Exchange (HKEX) on Tuesday, registering a 5.08% drop in share price.

Press Metal’s HK unit debuts on Main Board of Hong Kong Stock Exchange

Prudential Assurance Malaysia Bhd issued a statement on Tuesday to reaffirm its commitment to Bank Negara Malaysia’s (BNM) interim measures that were announced last December to stagger the increase in medical insurance premiums, after several lawmakers demanded an explanation from the insurer about the planned premium hike for its medical health plans next month.

Prudential reaffirms commitment to BNM's interim measures after lawmakers demand explanation about planned premium hike

Property developer Malton Bhd (KL:MALTON) entered into a memorandum of understanding (MOU) with Shenzhen Apexls Optoelectronic Co Ltd, a China-based manufacturer of LED displays, to incorporate advanced LED technology into its Malaysian property developments.

Malton inks MOU with Shenzhen Apexls to incorporate advanced LED tech into Malaysia property projects

Prime Minister Datuk Seri Anwar Ibrahim has given the green light and opportunity to Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz to take over as the new President of the Badminton Association of Malaysia (BAM) for the 2025-2029 term.

Anwar gives Zafrul green light to helm Badminton Association of Malaysia

MCE Holdings Bhd's (KL:MCEHLDG) second quarter net profit more than doubled year-on-year to reach a record high, despite lower revenue, thanks to gain from asset disposal and interest income.

MCE Holdings posts record quarterly profit in 2Q on disposal gain

Wall Street's primary indexes wavered on Tuesday, as signs of a further deterioration in consumer mood tempered investor optimism that the Trump administration could take a lenient approach on trade policies next week.

Wall Street wavers after weak consumer confidence data; focus on tariffs

Police are believed to have called up several corporate figures in Kuala Lumpur and Penang in their investigations related to the money trail of the now-defunct pyramid scheme MBI.

The US is exerting "unacceptable pressure" on Greenland, Denmark's Prime Minister Mette Frederiksen said on Tuesday, ahead of an unsolicited visit by a high-profile US delegation to the semi-autonomous Danish territory this week.

Ratings agency Moody's said on Tuesday that the US' fiscal strength is on track for a continued multi-year decline as budget deficits widen and debt becomes less affordable.

EToro Group Ltd filed for an initial public offering, disclosing revenue and net income that soared last year.

EToro files for IPO showing commissions jumped 46% last year 

The Dewan Negara concluded its session on Tuesday after 12 days of sittings from March 3, during which 10 bills were passed.

Dewan Negara concludes 12 days of sittings with 10 bills passed

Europe’s dependency on the US and China for computer hardware and cloud services puts its car industry at risk as vehicles become reliant on artificial intelligence (AI), a Mercedes-Benz Group AG executive said.

Europe’s carmakers too reliant on US, China tech, Mercedes says

Big banks are turning more pessimistic on the pound before the UK unveils its fiscal plan for the coming year, saying the risk of spending cuts and weaker economic growth forecasts dampens the currency’s appeal.

Banks sour on UK currency over economic risks from spending cuts

US consumer confidence fell in March to the lowest in four years on concerns about higher prices and the economic outlook amid the Trump administration’s escalating tariffs.

US consumer confidence tumbles again to lowest since early 2021

Copper futures on New York’s Comex exchange surged to an all-time high as traders price in the possibility that US President Donald Trump will impose hefty import tariffs on the crucial industrial metal.

US copper hits record high as traders react to tariff risks

India is open to cutting tariffs on more than half of US imports worth US$23 billion (RM102 billion) in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs.

Luqman Amin & Yap Yan Qing

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Luqman Amin & Yap Yan Qing

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