General mismanagement

Yingluck feels the scalper’s knife

PKR vice-president Chang Lih Kang announced on Friday that he will defend his position in the party elections on May 24.

The science, technology and innovation minister, in a Facebook post, said he needs the support of all party members, especially at the grassroots level, to strengthen PKR for a better future for Malaysia.

Chang to defend PKR vice-president post

The Department of Survey and Mapping Malaysia (Jupem) has completed the demarcation process between Putrajaya and Selangor involving surveying and mapping work across 24 project plans.

In a post on X, Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa said the matter was conveyed during the Federal Territories Agency Heads Meeting No 3/2025 chaired by her at Menara Seri Wilayah on Friday.

Putrajaya-Selangor boundary demarcation completed across 24 project plans — Dr Zaliha

Nike shares slipped nearly 6% pre-market on Friday after the sportswear giant warned of another quarter of sales decline, leaving some investors worried about the pace of a crucial turnaround under new CEO Elliott Hill.

Nike trips as forecast of another sales decline dims quick turnaround hopes

Erdasan Group Bhd (KL:ERDASAN), formerly known as AT Systematization Bhd, is taking legal action against suspended executive director Mak Siew Wei, alleging fraud.

Erdasan follows suspension of ED Mak Siew Wei with legal suit for alleged fraud

Investors are dismissing the risks that a full-fledged trade war would pose to stocks as “monster” flows of capital keep pouring into global equity markets, Bank of America Corp’s Michael Hartnett said.

BofA says tariff risk dismissed as stocks get ‘monster’ inflows

PRG Holdings Bhd (KL:PRG) on Friday announced the resignation of its managing director Datuk Wee Cheng Kwan.

PRG MD resigns to pursue personal interests   

CK Hutchison's shares fell on Friday after it reported weak earnings and dividends, while a pro-Beijing newspaper published a fresh editorial saying the firm's controversial port sale could potentially violate Hong Kong's national security laws.

CK Hutchison shares drop after earnings, pro-Beijing paper's fresh criticism cites security laws

Malaysia recorded its biggest-ever drug bust, after the police seized RM1.06 billion worth of methamphetamine at West Port here on Jan 25.

RM1.06b meth seized at West Port in Malaysia's largest-ever drug bust

Wastewater engineering and construction firm Salcon Bhd (KL:SALCON) said it is pushing to grow its existing healthcare and renewable energy (RE) segments, and is proposing to include the two into its principal activities.

Salcon to expand healthcare, renewable energy segments in diversification bid

Sabah-based WMG Holdings Bhd (KL:WMG) said the group has received notices for the compulsory acquisition of its land in Sandakan for an electricity transmission project.

WMG Holdings gets compulsory land acquisition notices for power project in Sandakan

Genting Bhd (KL:GENTING) has agreed to pay a fine of US$10.5 million (RM46.41 million) to the Nevada Gaming Commission as part of a settlement for a complaint against its Las Vegas resort.

Genting agrees to RM46m fine as part of settlement for complaint against Las Vegas resort  

Shares of Lim Seong Hai Capital Bhd (KL:LSH) fell 17% on its first-ever trades on the ACE Market after the construction firm raised RM168.08 million as part of its transfer from the LEAP Market.

Lim Seong Hai Capital opens 17% lower on ACE Market debut

Malaysia Airlines’ parent Malaysia Aviation Group Bhd (MAG) is acquiring another&nbsp;30 new Boeing aircraft&nbsp;for the second stage of its fleet renewal strategy.

Malaysia Airlines’ parent opts for 30 new Boeing aircraft for second stage of fleet renewal

Top Glove Corporation Bhd (KL:TOPGLOV) will likely turn in smaller-than-expected profits for fiscal 2025, analysts said while flagging rising risk from Chinese rivals.

Top Glove faces rising risks from Chinese rivals, analysts flag after weaker-than-expected 2Q

Nestlé (Malaysia) Bhd (KL:NESTLE) on Friday broke ground for a RM250 million integrated logistics hub in Port Klang.

The facility is designed to function as a regional hub, facilitating product exports to over 60 countries and sourcing imported raw materials, Nestle Malaysia said in a statement. The hub is expected to be fully operational by the first quarter of 2026 and create over 200 new jobs, it said.

Nestlé Malaysia breaks ground for RM250m regional logistics hub in Port Klang

The Bank of Thailand, which has long resisted interest-rate cuts despite immense political pressure, may end up having to embark on the region’s most aggressive easing cycle as a sluggish economy takes a turn for the worse, according to analysts.

Thailand may yet embark on Southeast Asia's most aggressive rate cuts

Boeing Global president Brendan Nelson has announced that the company will increase its Malaysian workforce by 20% over the next two years, reinforcing its commitment to the country’s aerospace industry.

Boeing to increase Malaysian workforce by 20% as part of expanded partnership with Malaysia Airlines

GX Bank Bhd, Malaysia’s first digital bank, commands the largest share of customer deposits among operational digital banks with RM2.16 billion deposits as of September 2024, according to RAM Ratings.

GXBank tops digital banking sector deposits with RM2.16 bil as of September 2024 — RAM Ratings

Asian stocks inched lower on Friday in a subdued end to the week as deepening geopolitical worries and fears over US tariffs and their impact on the global economy curbed investors appetite for risk, keeping safe-haven gold near record highs.

Asian stocks slip as growth, tariff worries weigh

South Korean chemicals companies are racing to tap new markets after racking up hundreds of millions of dollars in losses in the face of a deluge of capacity from China, their biggest market.

South Korean plastics giants struggle as China becomes a rival

The federal government announced on Friday it will distribute cash totalling RM900 million to eligible serving civil servants and public pensioners under a special Aidilfitri Financial Assistance programme.

Govt to hand out RM900 mil cash to civil servants, public retirees for Aidilfitri

Lembaga Tabung Haji declared a profit distribution rate of 3.25% after zakat for the financial year ended Dec 31, 2024 (FY2024), breaking its previous four-year streak of declaring 3.1%.

Tabung Haji declares 3.25% profit distribution for FY2024

Read more in the March 24 edition of The Edge Malaysia Weekly.

Trumpianomics: The Art of Coercion

MSB Global Group Bhd, an aftermarket automotive parts and components distributor, on Friday launched its initial public offering (IPO) that could raise up to RM41.4 million from the ACE Market.

Autopart distributor MSB Global sets ACE Market IPO price at 20 sen per share

DRB-Hicom Bhd (KL:DRBHCOM) has been spared from a potential RM246.25 million tax bill after the Inland Revenue Board (IRB) ruled in favour of the automotive-to-banking conglomerate’s appeal, reversing its decision to classify the gain from the disposal of its long-held stake in Alam Flora Sdn Bhd as income.

DRB-Hicom spared RM246 mil tax bill after IRB rules in favour of appeal

Malaysia’s headline inflation slowed in February 2025 as food prices stabilised while housing and utilities costs moderated, according to official data released on Friday.

Malaysia's February inflation slows as housing, utilities costs moderate, official data show

The Attorney General's Chambers (AGC) has applied to strike out the government, along with Prime Minister Datuk Seri Anwar Ibrahim, as parties in Datuk Seri Mukhriz Mahathir's ongoing legal action over additional taxes and subsequent penalty of about RM5 million.

Anwar, govt seek to be removed from Mukhriz's legal challenge over RM5 mil additional taxes

Oil advanced after the US ramped up measures to hobble Iran’s crude exports, increasing pressure on Tehran amid a push for a new nuclear accord.

Oil advances as US ramps up sanctions against Iranian crude

For months, President Prabowo Subianto’s moves to chip away at Indonesia’s long-established economic guardrails have stoked anxiety in markets. This week’s sudden rout suggests investor patience is wearing thin.

Prabowo faces investor revolt over Indonesia’s economic path

Britain's Heathrow Airport was shut on Friday after a huge fire at a nearby electrical substation knocked out its power, disrupting flight schedules around the world.

Marwaan Macan-Markar of The Edge Review