Gold price is on fire! The precious metal continues to defy expectations, repeatedly smashing record highs as investors seek refuge from global economic turbulence.

Gold on fire: Will prices hit US$5,000 mark by year-end? 

Negotiations between Malaysia and Arm Holdings plc, which have been finalised, represent an important step in strengthening the country's semiconductor ecosystem and accelerating the development of local technology, said Investment, Trade, and Industry Minister (Miti) Tengku Datuk Seri Zafrul Abdul Aziz.

PM's involvement seals Mida-ARM Holdings strategic cooperation

The Malaysian government takes seriously allegations that the country is being used as a transit point for smuggling Nvidia artificial intelligence (AI) chips to China, and is committed to complying with multilateral international export control regulations.

Zafrul denies claims of AI chip smuggling to China, says M'sia committed to export controls

Malaysia’s expertise in halal food products combined with Peru’s premium agricultural raw material inputs, such as quinoa, chia seeds, and cashew nuts, offers immense potential for joint ventures (JVs) between the two nations.

Malaysia-Peru explore JVs in halal food and infrastructure

KUALA LUMPUR (March 5): The lower 2022 Employees Provident Fund (EPF) dividend rate for conventional savings and shariah savings were within the ambit of expectation, said an economist.

The EPF declared on Saturday (March 4) a dividend rate of 5.35% for conventional savings for 2022 wit...

EPF 2022 dividends surpass inflation rate, 10-year MGS yields — Bank Muamalat economist

The ringgit is likely to experience headwinds next week, trading in the range of RM4.19 to RM4.21 against the US dollar, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.

Ringgit to face headwinds next week, to trade RM4.19-RM4.21 against US dollar

Wal-Mart de Mexico SAB, the local unit of the US retail giant, plans to invest US$6 billion (RM26.56 billion) this year in its Mexico operations to add more locations and robotic logistics hubs, escalating its bet on the market despite economic challenges and a brewing US trade conflict.

Walmart bets US$6 bil on Mexico even as economy slows

The operator of the main Paris airports predicted an increase in air fares in coming years to compensate for the use of expensive alternative aviation fuel, weighing on travel demand into the world’s most popular tourist destination.

Paris Airport operator says pricey plane tickets will hit demand

Police have identified 14 accident-prone stretches or blackspots and 61 areas with high traffic flow or hotspots here in conjunction with Hari Raya Aidilfitri through Op Lancar which began on March 2 and ends on April 6.

Police identify 12 accident blackspots, 61 congested locations in KL

A woman pleaded not guilty at the Sessions Court here on Thursday to three charges of giving contradictory testimony to the Malaysian Anti-Corruption Commission (MACC).

Woman charged in a case involving Mitra funds pleads not guilty

Police arrested a freelance preacher on Thursday following a Facebook post allegedly containing seditious elements that could threaten public order.

Police arrest freelance preacher over alleged seditious post

Rescuers in Lithuania were digging on Thursday into a peat bog in a military training area to recover the vehicle of four US soldiers missing for two days.

Rescuers dig for missing US soldiers' vehicle in Lithuania

Ferrari NV plans to raise prices for some of its cars by as much as 10% to deal with US President Donald Trump’s latest auto tariffs.

The Italian manufacturer said on Thursday its profit margins may get squeezed, but confirmed its financial guidance for the year, reassuring investors.

Ferrari plans to raise US prices up to 10% after tariffs hit

Six Russians died on Thursday and 39 foreign tourists were rescued when a viewing submarine sank off the Egyptian Red Sea resort of Hurghada, the local governor's office said on Facebook, adding that no passengers or crew were still missing.

Six Russians dead, 39 tourists rescued after submarine sinks in Red Sea off Egypt

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

Sapura Energy, Jati Tinggi, Keyfield, Bursa Malaysia, KPJ, Al-Aqar REIT, LSH Capital, HHRG, Cypark, Crescendo, Malakoff

The International Monetary Fund (IMF) sees the US economy shifting into a lower gear this year as President Donald Trump pushes forward with aggressive tariffs but doesn’t see a recession on the horizon.

IMF says US economy slowing but count out recession

Former Malayan Banking Bhd (KL:MAYBANK) group president and chief executive officer Tan Sri Abdul Farid Alias, currently an independent director of Bursa Malaysia Bhd (KL:BURSA), has been appointed as the non-executive chairman of the stock exchange operator by the Minister of Finance, effective May 1.

Former Maybank CEO Farid Alias redesignated as Bursa non-executive chairman from May, replacing Abdul Wahid who is retiring

Shares of Pos Malaysia Bhd (KL:POS) jumped on Thursday to their highest in more than three months&nbsp;in highly active trade.

Pos Malaysia's shares surged by as much as 36% or seven sen to 26.5 sen. The stock pared some gains to settle at 25.5 sen at market close, still up 30.8 sen or six sen after&nbsp;25.71&nbsp;million shares changed hands. The trading volume was its biggest in a single day since November 2020.

Pos Malaysia’s stock surges 36%, trading volume rises to over four-year high

Microsoft Corp&nbsp;has walked away from new data centre projects in the US and Europe that would have amounted to a capacity of about two gigawatts of electricity, according to TD Cowen analysts, who attributed the pullback to an oversupply of the clusters of computers that power artificial intelligence (AI).

Microsoft abandoned data centre projects — analysts

(March 27):&nbsp;Foreign investors sold Malaysian stocks for a 29th-straight session on Wednesday (March 26), the longest selling streak since June 2018, amid concerns over the nation’s artificial intelligence (AI)&nbsp;projects, as the US seeks to control advanced chip technology transfers.

Malaysian stocks record longest outflow streak since June 2018

Malaysia’s electrical and electronics (E&amp;E), rubber, furniture and optical and scientific equipment exports are the most vulnerable to tariffs the US is expected to impose on the “dirty 15” countries next week, according to UOB economists.

Malaysia's electronics, rubber, furniture exports most at risk from Trump's potential tariffs on 'dirty 15' — UOB

FROM a 10-storey blue-domed office building that overlooks a scenic lake in Jalan Tasik, The Mines Resort City, in Seri Kembangan, Selangor, oil and gas outfit Sapura Energy Bhd (KL:SAPNRG) — a Practice Note 17 company — has moved into the much older 40-storey Menara PNB in Jalan Tun Razak, which...

Cover Story: Is the worst really over for Sapura Energy?

Sapura Energy Bhd (KL:SAPNRG) posted a net profit of RM405.68 million for its fourth quarter compared to a net loss of RM728.44 million a year earlier, helping the troubled oil and gas services group return to profitability for the full year.

Sapura Energy back in the black with RM190 mil full-year net profit  

KUALA LUMPUR (March 27): Petroliam Nasional Bhd, also known as Petronas, said on Thursday that it has issued a US$5 billion (RM22 billion) senior multi-tranche bond and proceeds would be used for general corporate purposes.

Petronas raises US$5b from its first dollar bond in four years

Financial influencers, also known as finfluencers, will be subject to the guidelines on advertising for capital market products starting Nov 1.

Financial influencers will be regulated as capital market advertisers starting Nov 1

KUALA LUMPUR (March 27): A lawsuit has been filed by the former operator of KL Tower against Lim Seong Hai Capital Bhd's (KL:LSH) subsidiaries and the Malaysian government, challenging the award of the KL Tower concession to LSH Service Master Sdn Bhd.

The former operator of KL Tower — ...

Former KL Tower operator sues LSH Capital, govt over concession award

KPJ Healthcare Bhd (KL:KPJ) has proposed to inject two hospital properties into Al-'Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) for a combined consideration of RM241 million via a sale-and-leaseback arrangement.

KPJ to inject two hospital assets into Al-Aqar Healthcare REIT

PERTH (March 27): Malaysia Airports Holdings Bhd (MAHB) is targeting to bring in more long-haul operations from Europe and other regions.

MAHB targets long-haul operations from European air carriers

A retired police officer who was previously the investigating officer of the 1Malaysia Development Bhd (1MDB) case, agreed with a question put to him in court on Thursday that former prime minister Datuk Seri Najib Razak was involved with&nbsp;the investment fund from as early as May 2009.

1MDB-Tanore trial: Retired investigator agrees Najib's involvement can be traced to 1MDB's origin as TIA in 2009

Lembaga Tabung Angkatan Tentera aims to trim its strategic assets to 35% of its total holdings over the next three years under the Project Earth restructuring plan.

LTAT to pare strategic assets to 35% of holdings in three years, says CEO

KUALA LUMPUR (March 27): Oasis Home Holding Bhd, which sells consumer products through livestream commerce, signed an agreement for MIDF Amanah Investment Bank to underwrite its Bursa Malaysia ACE Market initial public offering (IPO).

Oasis Home gets MIDF to underwrite ACE Market IPO, listing aimed for May

AirAsia has confirmed that there was no engine fire on flight AK128, which performed a safe air return to Kuala Lumpur International Airport (KLIA) Terminal 2 on Thursday morning, approximately two hours after takeoff.

AirAsia confirms no engine fire on flight AK128

Malakoff Corp Bhd (KL:MALAKOF) said on Thursday that it has secured the second phase of its solar energy contract with sister company Northport (Malaysia) Bhd.

Malakoff gets second phase of solar energy contract from sister company Northport

Prime Minister Datuk Seri Anwar Ibrahim has directed the National Cyber ​​Security Agency and the National Security Council to work closely with Malaysia Airports Holdings Bhd (MAHB), following a cyberattack on MAHB's digital system.

PM directs close cooperation with MAHB after cyberattack

US President Donald Trump’s planned tariffs on auto imports will hurt carmakers around the world, and push up prices for US consumers. Among the many losers, one winner stands out: Elon Musk’s Tesla Inc.

Musk is one of the few winners from Trump's auto tariffs

HHRG Bhd (KL:HHRG) has suspended three senior executives from its 51%-owned subsidiary, MG Furniture Sdn Bhd, who are also members of the Ch’ng family, the largest shareholder in HHRG.

Nurunnasihah Ahmad Rashid