Sephora chief executive officer Guillaume Motte has taken personal charge of its operations in China, the latest management shift at the LVMH-owned cosmetics retailer as it struggles to win over consumers in the world’s second-largest economy.

LVMH’s Sephora overhauls Asia leadership after setback in China 

Residents in several areas in Penang on Friday also felt tremors due to a strong 7.7 magnitude earthquake that shook an area 16 kilometres northwest Sagaing, Myanmar.

Tremors felt in Penang after earthquake hits Myanmar

(March 28): Hong Kong conglomerate CK Hutchison will not be signing the deal to sell its two ports at the Panama Canal to a BlackRock-led consortium next week, the South China Morning Post reported on Friday.
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CK Hutchison will not sell strategic ports at Panama canal next week, SCMP reports

KUALA LUMPUR (March 28): Bus operator HI Mobility Bhd (KL:HI) kicked off its first ever day on the Main Market modestly higher, snapping a series of debut flops on Bursa Malaysia.

Hi Mobility makes modest 9% gain on Main Market debut

KUALA LUMPUR (March 28): Kenanga Research has adjusted its valuations for outsourced semiconductor assembly and test (OSAT) players, citing a softening global semiconductor cycle.

In a sector update released on Friday, Kenanga Research announced a reduction in the price-earnings ratio (...

Kenanga lowers valuations for chip packaging, testing firms as semiconductor cycle softens

SumiSaujana Group Bhd's initial public offering (IPO) was oversubscribed 1.85 times by retail investors ahead of its listing on the ACE Market.

Chemicals firm SumiSaujana closes IPO applications with 1.85 times oversubscription

MMAG Holdings Bhd (KL:MMAG) on Friday announced that Datuk Farhash Wafa Salvador has emerged as its largest shareholder, after acquiring a 20% stake or 462 million shares earlier this week.

Farhash Wafa emerges as MMAG’s largest shareholder, named chairman

Roofing and building material products manufacturer Astino Bhd's (KL:ASTINO) net profit fell 41% to RM6.94 million in the second quarter ended Jan 31, 2025 (2QFY2025), from weak market demand that led it to cut product prices.

It posted a net profit of RM11.78 million in the corresponding quarter in financial year 2024.

Astino reports 41% drop in 2Q net profit as weak market demand leads to price cuts

Pasukhas Group Bhd (KL:PASUKGB) has proposed a share capital reduction to wipe out up to RM115 million of the company’s accumulated losses.

As of March 7, Pasukhas had an issued share capital of RM224.23 million, consisting of 190.53 million shares, the company noted in an exchange filing on Friday.

Pasukhas proposes RM115m share capital reduction

US shipping and logistics company IMC Pro International has agreed to pay US$400,000 (RM1.77 million) to the US government to settle allegations that it helped Chinese chemical companies ship fentanyl-making chemicals to the US, according to US authorities.

US logistics firm settles claims it helped Chinese companies ship fentanyl chemicals

Electronic circuit board maker and property company GUH Holdings Bhd (KL:GUH) has announced its acquisition of 27.22 hectares of land in Semenyih for RM71.76 million.

GUH Holdings buys Semenyih land for RM71.7m

A powerful earthquake rocked Southeast Asia on Friday, killing several people, bringing down a skyscraper under construction in Bangkok and toppling buildings in neighbouring Myanmar, where the ruling junta declared a state of emergency in some areas.

Powerful quake in Southeast Asia kills several, Myanmar declares state of emergency

Genting Bhd (KL:GENTING) said on Friday the Nevada Gaming Commission has accepted the terms of a settlement in relation to a complaint against its Las Vegas resort.

Genting says Nevada authorities have signed off settlement terms for Las Vegas complaint

KUALA LUMPUR (March 28): Bus operator HI&nbsp;Mobility Bhd (KL:HI) kicked off its first ever day on the Main Market modestly higher, snapping a series of debut flops on Bursa Malaysia.

The Magistrate's Court here have sentenced businessman Chung Chee Yang, 47, to six years and 10 months in prison, and a fine of RM22,000, after he was found guilty of hurting the religious feelings and criminally intimidating his two bodyguards by pointing a gun at them and admonishing them for fasting in 2021.&nbsp;

Businessman who assaulted bodyguards for fasting sentenced to six years and 10 months' jail

As shares of Elon Musk’s Tesla Inc&nbsp;rally on Thursday, the jump in the size of the company dwarfed the decline in the value of its US rivals, as the stocks responded to US President Donald Trump’s latest tariff announcements.

Tesla’s US$14b rally eclipses rout in other auto stocks

(March 27):&nbsp;Close to a dozen US-sanctioned tankers are idling off Malaysia with Iranian crude, with some having been stationed in the oil-transfer hub for more than a month — possible sign of&nbsp;slowing logistics&nbsp;for the sensitive trade to China.&nbsp;

Iran oil-filled tankers build up off Malaysia as US sanctions mount

MN Holdings Bhd (KL:MNHLDG), an infrastructure utilities construction and engineering solutions firm, has secured a RM137.8 million contract from Tenaga Nasional Bhd (KL:TENAGA).

MN Holdings bags its largest direct contract of RM138m from TNB

Volatile stock markets, driven by global economic uncertainties and shifting policies, have unsettled investors, prompting a shift towards domestic money market funds in search of stability. &nbsp;

Challenging the perception that foreign investors have exited the domestic market, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said they are instead parking funds in safer assets while maintaining exposure to Malaysia. &nbsp;

Foreign investors shifting to safer Malaysian assets amid market volatility — analyst

RHB Bank Bhd (KL:RHBBANK) has subscribed to&nbsp;an aggregate of about 51 million new shares in Boost Bank for RM51 million since&nbsp;May 17, 2024, in order to maintain its 40% equity interest in the digital bank.

RHB Bank subscribes to additional shares in Boost Bank worth RM51m

Asian and European stock markets extended losses on Friday while safe-haven gold notched another record high, as the latest tariff salvo from US President Donald Trump stoked worries of an all-out trade war.

Stocks struggle, gold at record high as trade fears weigh

KUALA LUMPUR (March 28): Malaysia’s stock market will stay volatile in the near term, as investors continue to fret over international trade tensions, strategists warned.

Malaysian stocks set to stay volatile in near term as trade tensions continue to simmer

Shares of Shah Alam-based WF Holding Ltd fell below the&nbsp;initial public offering (IPO) price in their Nasdaq debut on Thursday.

The stock closed at US$3.75, a 6.25% discount from its IPO price of US$4 per share, after raising US$8 million (RM35.42 million) before deducting underwriting fees and expenses. At the closing price, the company had a market capitalisation of US$93.56 million or RM414.19 million.

Selangor fibreglass plastic maker WF Holding breaks below IPO price on Nasdaq listing day

Just four months ago, Delta Electronics (Thailand) Pcl’s shares were outpacing global peers, prompting a series of moves from Thai market authorities to halt the rally. Now, the stock is in a stark reversal.

A US$30b rout turns Delta Thailand into Asia’s worst stock

Taiwan is investigating whether China’s leading chipmaker Semiconductor Manufacturing International Corp (SMIC)&nbsp;illegally poached local engineers as part of an effort to access the island’s cutting-edge chip technology.

Taiwan probes Chinese chipmaker SMIC for allegedly poaching staff

The government has released the guidelines for its latest solar programme, which allows energy companies to lease rooftop space from homeowners to install solar panels and sell the generated electricity to customers through third-party access to the distribution network.

Govt sets guidelines for rooftop solar leasing, landed households set to benefit

Lim Seong Hai Capital Bhd (KL:LSH), which has been slapped with a lawsuit by the former operator of Kuala Lumpur Tower, said that the claim against its subsidiaries is without merit and cannot be established.

LSH Capital says former KL Tower operator’s lawsuit ‘without merit’, followed procurement process

KUALA LUMPUR (March 28): Puspakom Sdn Bhd, a wholly owned unit of DRB-Hicom Bhd (KL:DRBHCOM), announced on Friday that it is raising prices of its mobile van and mobile truck services amid rising operating costs.

Puspakom raises mobile van and truck services rates by 10%-20%

Beshom Holdings Bhd’s (KL:BESHOM) outlook appears uncertain amid broader caution among consumers, TA Securities flagged after a weaker-than-expected quarter while the stock neared its 13-year lows.

Beshom's outlook uncertain, TA Securities says, as stock nears 13-year lows

Russian President Vladimir Putin suggested Ukraine be placed under a form of temporary administration to allow for new elections and the signature of key accords to reach a settlement in the war, Russian news agencies reported early on Friday.

Putin suggests temporary administration for Ukraine to end war

Chinese President Xi Jinping vowed to improve market access at a meeting with a group of global business leaders in Beijing, in an effort to boost investor sentiment as rising tariffs fuel uncertainty for the economy and international trade.

Shirley Zhao & Angelina Rascouet