CoreWeave Inc, a cloud-computing provider that’s one of the hottest startups in artificial intelligence (AI), and some of its investors are seeking to raise as much as US$2.7 billion in an initial public offering (IPO).

AI cloud hosting firm CoreWeave launches US$2.7 bil IPO

Opec+ will likely stick to its plan to raise oil output for a second consecutive month in May, four sources told Reuters, amid steady oil prices and plans to force some members to reduce pumping to compensate for past overproduction.

Opec+ likely to proceed with planned May oil output hike, Reuters reports

US President Donald Trump said on Monday that any country that buys oil or gas from Venezuela will pay a 25% tariff on any trades made with the US.

Trump to impose 25% tariff on countries that buy oil, gas from Venezuela

Starting April 1, over 51,000 shops will be affected by a ban on displaying tobacco products at sales counters, according to the Ministry of Health (MOH).

Over 51,000 shops affected by tobacco display ban starting April 1 — MOH

Oil prices gained 1% on Monday as US President Donald Trump said he will impose 25% tariff on countries that buy oil, gas from Venezuela, and on the back of new US sanctions on Iranian exports.

Oil climbs 1% as Trump plans tariff on countries that buy Venezuelan oil, gas

India’s government will seek an exemption from President Donald Trump’s reciprocal tariffs when US officials arrive in the country Tuesday for talks over a bilateral trade agreement, people familiar with the matter said.

India to seek tariff reprieve in meeting with US officials, Bloomberg reports

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

Awantec, Ge-Shen, Tex Cycle, K Seng Seng, Agricor, IJM, Oasis Harvest, Axiata, Capital A, AAX, AME REIT, AME Elite, Nestcon, Advancecon, Borneo Oil, MHB, Catcha Digital, ICT Zone

The Malaysia External Trade Development Corporation (Matrade) has been given a target to increase the country’s export value of goods by 5% to RM1.58 trillion in 2025.

Matrade targets 5% increase in Malaysia's export value of goods this year

23andMe on Sunday filed for bankruptcy in the US after struggling with weak demand for its ancestry testing kits that once featured in Oprah Winfrey's annual list of favourite things, and following a 2023 data breach that damaged its reputation.

DNA testing firm 23andMe files for bankruptcy as demand dries up

President Donald Trump's plan to revitalise the US shipbuilding industry is likely to backfire because it relies on proposed fees on China-linked vessels that will hurt domestic ship operators and ports, industry executives will tell the US Trade Representative at hearings this week.

Trump's fees on Chinese ships will hurt US companies, maritime executives to tell hearing

Technology stocks led Wall Street's surge on Monday after signs the Trump administration is taking a measured approach on tariffs against its trading partners.

Wall Street surges as tariff optimism boosts tech stocks

Bank Negara Malaysia (BNM) is set to pay a record RM5.25 billion dividend to the government this year, following a surge in net profit to RM13.16 billion for the financial year ended Dec&nbsp;31, 2024 — the highest on record since 1997.

BNM to pay record RM5.25b dividend to govt as profits hit 27-year high in 2024

Shares of MMAG Holdings Bhd (KL:MMAG) tumbled as much as 17.5 sen or 22.44% to 60.5 sen in evening trade on Monday, triggering Bursa Malaysia Securities' suspension of intraday short selling for the remainder of the day.

MMAG's share price plunges more than 15%, intraday short selling suspended

PENANG Turf Club (PTC) — the largest piece of prime real estate on the island — is to be broken into several parcels and sold separately to make it more feasible, as well as to attract a bigger pool of potential purchasers, sources tell The Edge.

A previous bid to sell PTC via a call fo...

Penang Turf Club to be sold in parcels — sources

Malaysian retail group Macrovalue is set to acquire all Cold Storage and Giant supermarkets in Singapore in a deal valued at S$125 million (RM414 million).

Malaysia's Macrovalue to acquire Cold Storage and Giant supermarkets in Singapore for RM414 mil

Borneo Oil Bhd (KL:BORNOIL) said its indirect subsidiary Borneo Oil (Sabah) Sdn Bhd (BOS) has secured a licence from Petroliam Nasional Bhd (Petronas) as a Sabahan vendor.

Borneo Oil chosen as Petronas’ Sabah vendor, teams up with Chinese firm to bid for drilling projects

DBS Group's incoming CEO Tan Su Shan is open to "bolt-on" acquisitions, and will focus on boosting the Singaporean lender's high-return businesses such as wealth and transaction banking.

DBS' new CEO Tan open to 'bolt-on' acquisitions

Former director general of Public Service (KPPA) Tan Sri Mohd Khairul Adib Abd Rahman has emerged as a substantial shareholder in NexG Bhd (KL:NEXG) — formerly Datasonic Group Bhd — with a 6.11% indirect stake.

Former Public Service DG emerges as substantial shareholder in NexG, chairman Hanifah now largest shareholder

The Court of Appeal on Monday has recorded a consent judgment between the federal government and AwanBiru Technology Bhd’s unit Prestariang Skin Sdn Bhd, where the government has agreed to pay Prestariang a sum of RM201.477 million within three months and withdraw its appeal for a stay of the Kuala Lumpur High Court’s decision last year that ordered it to pay RM231.55 million.

Government settles with Awantec subsidiary Prestariang Skin, agrees to pay RM201m over termination of immigration control system project

BYD Co’s sales last year surpassed the US$100 billion (RM443.36 billion) mark, leapfrogging Elon Musk’s Tesla Inc on revenue, as the Chinese auto giant wows consumers with a range of electric and hybrid cars packed with high-tech features.

BYD’s sales soar as Chinese carmaker captures world’s attention

Capital A Bhd (KL:CAPITALA) on Monday said the cut-off date to dispose of its short-haul aviation business worth RM6.8 billion to its sister company AirAsia X Bhd (KL:AAX) has been extended for the second time, to May 30.

Cut-off date for AAX's takeover of Capital A’s aviation assets extended again, to May 30

PLANS to increase the country’s water tariffs are underway. Consultations between the water operators, National Water Services Commission (SPAN) and the respective state governments are said to be commencing soon, with the aim of having the new tariffs implemented by July 1.

Meanwhile, ...

Nationwide water tariff hikes in the works, with new category for data centres 

TALK of the much-contested proposal to relocate Kota Kinabalu International Airport (KKIA) to Kimanis, a town some 60km south of the state capital, has come to an end, with Malaysia Airports Holdings Bhd kick-starting optimisation efforts for the existing facility in Kepayan.

Malaysia A...

No relocation of Kota Kinabalu airport, optimisation of existing facility underway

KUALA LUMPUR (March 24): Bank Negara Malaysia (BNM) says the interim measure of spreading medical premium adjustments over three years is expected to negatively impact the net underwriting income of life insurers and family takaful operators.

BNM: Staggered medical premium hikes to weigh on insurers’ underwriting income

As a child in the early 2000s, I vividly remember tagging along (somewhat reluctantly) on my mother’s weekly trips to the Pasir Pinji Market in Ipoh. Mornings were always a busy affair, filled with the cacophony of voices from haggling customers and traders.

The entrance to the market w...

Ipoh’s Pasir Pinji Market aims for GreenRE Gold certification in major revamp

New sovereign fund Danantara Indonesia on Monday unveiled its "dream team" to chart its strategy, which included ex-presidents and advisory roles for hedge fund manager Ray Dalio, economist Jeffrey Sachs and influential former Thai premier Thaksin Shinawatra.

Sovereign fund Danantara Indonesia names 'dream team' of former presidents, Sachs, Dalio and ex-Thai PM Thaksin

Former prime minister Datuk Seri Ismail Sabri Yaakob has finished giving his statement to the Malaysian Anti-Corruption Commission (MACC), after being quizzed for about five hours on the sixth day on Monday.

Ismail Sabri done giving statement to MACC, to return at later date

US President Donald Trump's administration is likely to exclude a set of sector-specific tariffs while applying reciprocal levies on April 2, Bloomberg News and the Wall Street Journal reported, citing officials.

US may exclude sector-specific tariffs on April 2, reports say, but situation fluid

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

Xiaomi Corp kicked off a share sale that may fetch as much as US$5.3 billion (RM23.5 billion), capitalising on a surge in the Chinese company’s stock price to help raise funds to expand its electric-vehicle business.

Xiaomi seeks US$5.3b in share sale to fund EV expansion

AME Real Estate Investment Trust (KL:AMEREIT) has entered into a deal on Monday to acquire three industrial properties from its sponsor, AME Elite Consortium Bhd (KL:AME), for RM100.8 million.

Ryan Gould, Gillian Tan & Bailey Lipschultz