KUALA LUMPUR (May 5): Here is a brief recap of some corporate announcements that made news on Monday.

Higher festive sales, improved gross margins, and continued store expansion lifted Mr DIY Group (M) Bhd's (KL:MRDIY) revenue and net profit to record highs in the first...

Mr DIY, Lotte Chemical Titan, Frontken, Gamuda, TAS Offshore, West River, Ekovest and Tan Chong Motor

Skechers has agreed to be taken private by 3G Capital for US$9.42 billion (RM39.6 billion) in the footwear industry's biggest buyout to date, at a time when the company grapples with the impact of steep US tariffs.

Skechers to be taken private for US$9.42b in biggest footwear industry deal 

Activity at US service providers accelerated in April after a slumping in the prior month, while materials prices increased in response to escalating tariffs.

Growth at US service providers picks up after slumping in March

Peabody Energy Corp is considering walking away from a US$3.78 billion (RM16.17 billion) deal to acquire Anglo American plc’s steelmaking coal assets after a fire at an Anglo mine in Australia.

Peabody says mine fire threatens US$3.8 bil Anglo deal

Israel's eToro Group said on Monday it was targeting a valuation of up to US$4 billion (RM16.8 billion) in its initial public offering in the United States, as the retail trading platform finally moves ahead with its long-awaited New York flotation plans.

Retail trading platform eToro targets US$4b valuation in US IPO

After years of public complaints about high medical costs, the government has finally implemented the Medicine Price Transparency Mechanism in private healthcare by mandating that all private healthcare facilities and pharmacies display drug prices.

Opinion: Health must not be held hostage to profit

Sunview Group Bhd’s (KL:SUNVIEW) wholly owned subsidiary Fabulous Sunview Sdn Bhd (FSSB) is facing an adjudicated sum of RM1.67 million in relation to a dispute in a 50MWAC solar photovoltaic plant job in Pekan, Pahang.

Sunview faces RM1.67 mil adjudication claim over dispute in solar plant EPCC job

Japan’s Finance Minister Katsunobu Kato said the country won’t use the sale of its US Treasury holdings in trade talks with Washington, clarifying his previous remarks that suggested they could be used as a negotiating tool.

Kato clarifies Japan won't use treasuries 'card' in trade talks

Singapore’s Prime Minister Lawrence Wong on Monday received a congratulatory call from Malaysian Prime Minister Datuk Seri Anwar Ibrahim following the ruling People’s Action Party’s (PAP) victory in the recently concluded general election.

Singapore PM Wong speaks with Anwar, other leaders after landslide win

Wall Street's main indexes fell on Monday after US President Donald Trump rekindled worries about the fallout of a global trade war by introducing new tariffs, while focus remained on the Federal Reserve's monetary policy decision later this week.

Wall Street lower after Trump's fresh tariffs at start of Fed-decision week

Tan Chong Motor Holdings Bhd (KL:TCHONG) is set to introduce the Chinese automotive marque Wuling to the Malaysian market under the brand name TQ Wuling, marking the group's latest foray into the electric vehicle (EV) segment.

Tan Chong introduces China’s Wuling EVs, gets nod for local semi-assembly

Higher festive sales, improved gross margins, and continued store expansion lifted Mr DIY Group (M) Bhd's (KL:MRDIY)&nbsp;revenue and net profit to record highs in the first quarter ended March 31, 2025 (1QFY2025).&nbsp;

Mr DIY posts record quarterly earnings, plans 190 new stores in 2025 as it dismisses US tariff concerns

Ekovest Bhd (KL:EKOVEST) said on Monday the government has approved the construction of two links under Phase 2A of the Duta-Ulu Kelang Expressway, also known as the Duke project.

Ekovest gets govt approval for two links connecting to Duke Expressway

Chen Khai Voon, who used to own a roughly 15.8% stake in Genetec Technology Bhd (KL:GENETEC), has trimmed his stake to below 5% and ceased to be a substantial shareholder in the company.

Chen Khai Voon ceases to be substantial shareholder in Genetec

A handwriting expert told the High Court that there were differences and similarities in Datuk Seri Najib Razak’s signatures on 1Malaysia Development Bhd (1MDB) documents, but couldn’t verify them as she only received photocopies for analysis.

1MDB-Tanore trial: Expert can’t confirm Najib’s signatures, calls for original documents

The police are investigating the possibility that Pamela Ling Yueh was abducted by individuals impersonating police officers or legitimate authorities, following her disappearance on April 9.

Pamela Ling case: Police probing possibility of abduction by impostors, says IGP

Skechers has agreed to be taken private by 3G Capital for US$9.42 billion (RM39.6 billion) in the footwear industry's biggest buyout to date, at a time when the company grapples with the impact of steep US tariffs.

OUR Federal Constitution has over 180 Articles and 12 Schedules. It is a product of the birthing of a post-colonial nation on Aug&nbsp;31, 1957 as the Constitution of the Federation of Malaya on Merdeka Day and reintroduced as the Constitution of Malaysia on Malaysia Day on Sept 16, 1963.

Opinion: Judicial review not the whim of an unelected body but the sacred duty of a constitutional institution

KUALA LUMPUR (May 5): Here is a brief recap of some corporate announcements that made news on Monday.

Higher festive sales, improved gross margins, and continued store expansion lifted Mr DIY Group (M) Bhd's (KL:MRDIY) revenue and net profit to record highs in the first...

Vienna-listed AT&amp;S Austria Technologie &amp; Systemtechnik AG says it is currently not impacted by the US tariffs announced on April 2, as its integrated circuit (IC) substrates made in Kulim are not classified as semiconductors and are shipped only to outsourced semiconductor assembly and test (OSAT) companies in Taiwan and Malaysia.

AT&S sees no immediate tariff impact, keeping close watch on supply chain shifts

Lotte Chemical Titan Holding Bhd (KL:LCTITAN) reduced its net loss to RM125.67 million in the first quarter ended March 31, 2025 (1QFY2025), down from RM178.03 million a year earlier, due to better margins, lower depreciation, and profits from its 40%-owned associate, Lotte Chemical USA.

Lotte Chemical Titan cuts 1Q loss to RM125.7m, remains cautious amid global uncertainty

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz on Monday dismissed claims that Malaysia’s close ties with China were the primary reason behind the latest round of US tariffs targeting Malaysian goods.

Malaysia-China ties not reason behind imposition of US tariffs, says Zafrul

Wall Street's main indexes fell on Monday after US President Donald Trump rekindled worries about the fallout of a global trade war by introducing new tariffs, while focus remained on the Federal Reserve's monetary policy decision later this week.

Heitech Padu Bhd (KL:HTPADU) has appointed Syed Omar Albar Abdullah as its group chief executive officer (CEO), effective on May 26, 2025.

Heitech Padu appoints Syed Omar Albar as group CEO

The appeal hearing of convicted market manipulators Soh Chee Wen and Quah Su-Ling resumed on Monday after a two-month recess, with defence lawyer N Sreenivasan contending that the trial judge had downplayed the culpability of several prosecution witnesses who actively traded Blumont Group, Asiasons Capital and Liongold Corp before the stocks crashed in 2013.

Penny stock crash architects challenge convictions as appeal resumes

A US lawmaker plans to introduce legislation in coming weeks to verify the location of artificial-intelligence chips like those made by Nvidia NVDA after they are sold.

US lawmaker targets Nvidia chip smuggling to China with new bill

West River Bhd (KL:WESTRVR), which debuted on the ACE Market on Monday, has secured a RM13.88 million contract from China Railway Engineering Corporation (M) Sdn Bhd, a company primarily involved in trading construction materials and equipment.

West River wins RM13.9 mil electrical subcontract from China Railway unit

A man with the title of Datuk who was released from remand on Saturday was rearrested by the Malaysian Anti-Corruption Commission (MACC) in connection to an ongoing case of submitting false claims worth RM450 million.

'Datuk' re-arrested over probe into false claims involving RM450m 

Warren Buffett picked the final minute of his 60th shareholder meeting to drop a long-awaited announcement that was still completely surprising for his fans, most of his board and even his successor.

Buffett hands successor a giant cash pile and many questions

Taiwan’s markets regulator is meeting some of the island’s largest insurers as a skyrocketing local currency piles pressure on hundreds of billions of dollars in US bond investments.

Max A Cherney & Arsheeya Bajwa