Now that digital banking licences have been issued and the hunt for talent is well underway, Malaysia could be ready for a more significant foray into open banking.

Defined as the use of open application programming interfaces (APIs) that enable third-party developers to build solutions...

New horizons: Open banking: Malaysia’s next frontier after digital banks?

The African Swine Fever is spreading fast among the pig population in Asia and showing no signs of abating.

Agri-business giant Wilmar International had also underestimated the impact of the African Swine Fever on soybean demand which is used as a feed for pigs.

Can Wilmar's China IPO mitigate the negative impact of African Swine Fever?

KUALA LUMPUR: Apex Equity Holdings Bhd and its subsidiary JF Apex Securities Bhd have commenced legal action against 18 defendants, including its substantial shareholder Lim Siew Kim — daughter of the late patriarch of Genting Group, Tan Sri Lim Goh Tong — for allegedly acting in concert to obtai...

Apex Equity takes shareholders to court for alleged capital market breaches

Some 22.93 million shares or a total 26.7% stake in Sarawak Consolidated Industries Bhd was traded off-market today in several direct business transactions.

The shares were crossed in six separate blocks at 70 sen each, representing a 5 sen or 6.67% discount to its closing price of 75 sen.

Sarawak Consolidated Bhd sees 26.7% stake traded at discount

Apex Equity Holdings Bhd and its subsidiary, JF Apex Securities Bhd, have commenced legal action against 18 defendants, including its substantial shareholder Lim Siew Kim — daughter of the late patriach of the Genting Group, Lim Goh Tong — for allegedly acting in concert to obtain control of the company and had breached capital markets' rules in doing so.

Provisions under the Capital Market and Services Act 2007 (CMSA), as well as the Companies Act 2016 (CA), were contravened, it claimed in a stock exchange filing today.

Utusan Melayu (M) Bhd slid further into the red in its first quarter ended March 31, 2019 (1QFY19) as its quarterly revenue was halved.

The media group's net loss for 1QFY19 widened to RM8.05 million from RM5.85 million a year ago, causing loss per share to be higher at 7.27 sen from 5.28 sen.

Utusan Melayu's net loss deepens in 1Q as revenue halves

Deleum Bhd doubled its net profit for the first quarter ended March 31, 2019 to RM2.81 million from RM1.4 million a year ago.

Its earnings per share also doubled to 0.7 sen from 0.35 sen in the previous year's corresponding quarter.

Deleum 1Q net profit doubles on lower tax expense, but operating profit declines

Malaysia Airlines Bhd (MAB) has inked a memorandum of understanding (MoU) with Japan Airlines (JAL) to pursue a joint business agreement that is aimed at improving customer convenience by enhancing the quality of services on both airlines between Malaysia and Japan.

Malaysia Airlines inks joint business MoU with Japan Airlines

KUALA LUMPUR: The recent flare-up over trade between the US and China threw financial markets into turmoil again, but Bursa Malaysia’s real estate investment trusts (REITs) are still considered by market watchers to be a safe defensive bet.

“REITs are indeed good to add to a defensive s...

REITs still a good defensive play against market volatility

Two weeks after Metronic Global Bhd took legal action against its shareholders, the building management engineering solutions provider saw some 199.77 million shares, or a 20.75% stake, in the company traded off market.

According to Bloomberg data, the shares were traded in seven separate blocks for a total of RM4.71 million, or 7.5 sen per share

20.75% stake in Metronic Global traded off market after suit against shareholders

A weekly round-up of tanker and dry bulk market (Jan 10, 2025)

Baltic Exchange shipping updates: Jan 10, 2025

Canadian Foreign Affairs Minister Melanie Joly said she won’t enter the leadership race to succeed Justin Trudeau as prime minister.

Joly, who has long been seen as a contender for the Liberal Party leadership, will instead focus on her cabinet job ahead of Donald Trump’s inauguration and his threat to impose economically devastating tariffs on Canada.

Canadian Foreign Minister Joly will not enter race to replace Trudeau

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

TNB, Berjaya Corp, Sime Darby Property, Uzma, Metronic, Kumpulan Perangsang Selangor, Key Alliance

US consumers’ long-term inflation expectations jumped to the highest since 2008 on concerns about potential tariffs from the incoming Trump administration.

Americans expect prices will climb at an annual rate of 3.3% over the next five to 10 years, up from the 3% expected last month, according to the University of Michigan’s preliminary January survey released on Friday.

US consumer inflation expectations jump to highest since 2008, says survey

Ho Hup Construction Company Bhd (KL:HOHUP), which has just resolved a winding-up petition in November filed by a diesel fuel supplier, has been served with yet another winding-up petition from a cement supplier due to an alleged unpaid sum of RM2.5 million.

Ho Hup gets another winding-up petition over alleged outstanding payment

Constellation Energy Corp surged after it agreed to acquire closely held Calpine Corp for US$16.4 billion (RM73.83 billion) to create the largest fleet of US power stations.

Shares of Constellation climbed as much as 23% in New York trading. Constellation will pay a mixture of cash and stock, and assume about US$12.7 billion of Calpine’s net debt in the deal, the companies said on Friday in a statement.

Constellation Energy surges after agreeing to buy Calpine for US$16.4 bil

Wall Street's main indexes fell on Friday, with the S&P 500 touching a one-week low after an upbeat jobs report stoked fresh inflation worries and reinforced bets that the Federal Reserve will take a cautious approach to interest rate cuts this year.

Wall Street drops after payrolls data; small-cap index set to confirm correction

US President-elect Donald Trump will not go to jail or pay a fine over his criminal conviction stemming from hush money paid to a porn star, a judge ruled on Friday, but the sentencing will place a judgment of guilt on his record.

Trump spared jail at hush money sentencing, days before inauguration

Police have arrested five individuals, including a senior executive of a local broadcasting company, on suspicion of being involved in a money laundering case.

Inspector-General of Police Tan Sri Razarudin Husain said the four men and one woman aged between 20 and 60, were detained at several locations, including in Penang and Sarawak.

Senior executive of broadcasting company arrested for alleged money laundering

The Ministry of Agriculture and Food Security says there is no directive or decision to reduce the price of paddy, as alleged by a farmers' group. 

In a statement on Friday, the ministry said "there has been no directive or decision regarding reducing the paddy purchase price to date".

Agriculture ministry denies plan to reduce paddy purchase price

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

AmanahRaya Real Estate Investment Trust (REIT) (KL:ARREIT) on Thursday announced the resignation of Tunku Rozita Tunku Abdul Malek as its executive director and the managing director of its manager AmanahRaya-Kenedix REIT Manager Sdn Bhd, due to personal reasons.

AmanahRaya REIT announces resignation of Tunku Rozita and names Mohd Iskandar as acting MD

The Malaysian government has announced preliminary anti-dumping duties on the imports of tinplate — flat-rolled products of iron or non-alloy steel coated with tin — from China, India, Japan and South Korea, effective Saturday (Jan 11), at rates ranging from 2.52% to 36.8%.

Malaysia imposes preliminary anti-dumping duties on tinplate imports

Too many jobs? Stocks fall. Too few jobs? Stocks still fall.

Wall Street warns stocks need ‘goldilocks’ US payrolls report

Canada is drawing up plans for extensive tariffs against US products if Donald Trump follows through on his threat to put 25% levies on Canadian goods, according to people familiar with the matter.&nbsp;

Canada plots broad tariff retaliation if Trump starts trade war, Bloomberg reports

Deutsche Bank AG has changed the way it judges staff this bonus season, with a greater range of performance ratings and more weight given to non-financial aspects,&nbsp;such as teamwork.&nbsp;

The German lender now has five ratings for employees, up from three, people familiar with the matter said. While the new criteria won’t affect the overall size of the bonus pool, they could mean changes for individual pay, they said, asking not to be identified discussing the private information.

Deutsche Bank tweaks bonuses to emphasise metrics like 'teamwork'

US job growth unexpectedly accelerated in December while the unemployment rate fell to 4.1% as the labour market ended the year on a solid footing, reinforcing the Federal Reserve's cautious approach to interest rate cuts this year.

US job growth beats expectations in December; unemployment rate falls to 4.1%

The family of Thai businessman Vichai Srivaddhanaprabha, who died in a helicopter crash in 2018, has brought a legal action against Italian helicopter manufacturer Leonardo SpA in a London court valued at £2.15 billion (US$2.65 billion).

Family of Thai tycoon brings US$2.7b claim against Leonardo over Leicester City crash

Wall Street's main indexes fell on Friday, with the S&amp;P 500 touching a one-week low after an upbeat jobs report stoked fresh inflation worries and reinforced bets that the Federal Reserve will take a cautious approach to interest rate cuts this year.

Uzma Bhd (KL:UZMA), through its subsidiary Setegap Ventures Petroleum Sdn Bhd (SVP), has secured a one-year contract extension worth RM100 million from Petronas Carigali Sdn Bhd.

Uzma bags RM100m contract extension from Petronas Carigali

Energy and commodities trader&nbsp;Vitol&nbsp;is attempting to reduce its storage costs with plans to remove significant amounts of aluminium from London Metal Exchange (LME) warehouses in Port Klang, Malaysia, three sources familiar with the matter said.

Vitol set to cut costs by taking aluminium from LME warehouses in Malaysia, Reuters reports

US President-elect Donald Trump will not go to jail or pay a fine over his criminal conviction stemming from hush money paid to a porn star, a judge ruled on Friday, but the sentencing will place a judgment of guilt on his record.

Kumpulan Perangsang Selangor Bhd (KL:KPS) on Friday said its subsidiary's appeal to the Inland Revenue Board (IRB) against the RM7.89 million capital gains tax and penalty that was imposed on the company in November last year was accepted.

In a filing on Friday, KPS said the appeal was filed by its wholly owned Bold Approach Sdn Bhd on Dec 17 last year.

IRB drops RM7.9 mil tax claim against Kumpulan Perangsang Selangor

KUALA LUMPUR (Jan 10): Sapura Resources Bhd, a property and aviation group, announced several boardroom changes via bourse filings on Friday, including the appointment of Reza Abdul Rahim as its new chief executive officer, with immediate effect.

Just three months earlier on Oct 10, 202...

Sapura Resources names acting MD Reza Abdul Rahim as CEO in boardroom reshuffle

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is expanding its land bank with the acquisition of four parcels of freehold land measuring 26.33 hectares in Sungai Petani, Kedah, for RM14.17 million.

OSK Property buys more land in Sungai Petani

Economists predict that Malaysia's industrial production output will maintain its positive growth in the coming months, driven by increasing demand, though they remained cautious about potential headwinds arising from growing protectionist policies around the world.

Economists expect Malaysia's industrial output growth to maintain uptrend after November's acceleration

We journalists are by nature a pretty paranoid lot. Permanently worried that somebody somewhere — governments, lawyers, our colleagues, the IT department — is about to do something terrible to us, or our copy.

How journalism will adapt in the age of AI

Ho Hup Construction Company Bhd (KL:HOHUP), which has just resolved a winding-up petition in November filed by a diesel fuel supplier, has been served with yet another winding-up petition from a cement supplier due to an alleged unpaid sum of RM2.5 million.

Metronic Global Bhd (KL:MTRONIC), which provides system integration services and integrated management systems, announced that its subsidiary, MAT JV Sdn Bhd, has been awarded a RM31 million contract by Gamuda M&amp;E Sdn Bhd to supply instrumentation systems for the Sungai Rasau Water Supply Scheme project.

Metronic bags RM31m job to supply instrumentation systems for Sg Rasau Water Supply Scheme project 

Police have arrested five individuals, including a senior executive of a local broadcasting company, on suspicion of being involved in a money laundering case.

Inspector-General of Police Tan Sri Razarudin Husain said the four men and one woman aged between 20 and 60, were detained at several locations, including in Penang and Sarawak.

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