The US will triple its domestic semiconductor manufacturing capacity from 2022 — when the Chips and Science Act was enacted — to 2032, according to the US-based Semiconductor Industry Association (SIA), in partnership with the Boston Consulting Group (BCG).

US projected to triple semicon manufacturing capacity by 2032, says SIA

Asia-Pacific Islamic banks can expect steady expansion and broadly stable asset quality for the next few years, at least, according to S&P Global Ratings.

S&P: Malaysia will remain biggest Islamic banking market in Asia-Pacific

UOB KayHian has initiated coverage on Lagenda Properties Bhd (KL: LAGENDA) with a “buy” rating at RM1.49 and target price (TP) of RM2.05.

UOB KayHian starts coverage on Lagenda Properties, target price RM2.05

Apex Securities Bhd expects the local bourse to continue to trend sideways following the FBM KLCI’s retreat after hitting the 1,600 resistance level amid weakened sentiment across global stock markets and investors awaiting fresh catalysts.

Apex Securities expects local bourse to continue to trend sideways 

Global venture capital funding reached just over US$22 billion (RM104.21 billion) in April 2024 — flat month-over-month and up a few percentage points year-on-year.

Global VC funding growth stays flat in April, reports Crunchbase

Shares in low-cost aviation operators Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) rose in early trade on Wednesday, tracking gains at the broader market.

Capital A and AAX active, advance in post-merger trade

The FBM KLCI was little changed in early trade on Wednesday although it held firm above the 1,600-point level.

KLCI little changed in early trade, hovers above 1,600 resistance level

Global environmental, social, and governance (ESG) sukuk is expected to cross US$50 billion (RM237.32 billion) outstanding globally within the next two years, as issuers aim to meet their funding diversification goals and ESG mandates, alongside new regulatory frameworks and government-led sustainability initiatives, according to Fitch Ratings.

Global ESG sukuk issuance seen crossing US$50b within two years, says Fitch 

Global sales of semiconductors jumped 15.2% year-on-year (y-o-y) to US$137.7 billion (RM653.24 billion) during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).

First-quarter global semicon sales jump 15.2% y-o-y to US$137.7b, says SIA 

Investors should be prepared for a recession with the potential to send the stock market plummeting this year, according to top forecaster Gary Shilling.

Market veteran says US will see a recession by year end that could spark 30% drop in stock market — report

Pakatan Harapan (PH) remains committed to practising mature politics while engaging voters in the Kuala Kubu Baharu (KKB) state by-election campaign.

KKB polls: PH practises mature politics in engaging voters — Saifuddin Nasution

Volkswagen Group Malaysia (VGM) plans to designate Malaysia as an export hub for the Volkswagen brand, said Investment, Trade and Industry Minister (Miti) Tengku Datuk Seri Zafrul Abdul Aziz.

Volkswagen to make Malaysia as export hub — Zafrul 

Malaysia’s wholesale and retail sales grew 5.2% in March from a year earlier, thanks largely to higher retail sales in non-specialised stores and other specialised wholesale, official data on Thursday showed.

Malaysia’s wholesale, retail sales climb 5.2% in March, official data show

Malaysia should seize opportunities, endeavour to advance reforms and remove barriers to clinical research, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia should grab chance to advance reforms in clinical research, says PM 

Malaysia’s largest telecom company by revenue Axiata Group Bhd (KL:AXIATA) may face earnings pressure from a potential merger of its unit PT XL Axiata with PT Smartfren Telecom in Indonesia, and investors should sell the stock, said MIDF Amanah Investment Bank.

MIDF says Axiata may face earnings pressure ahead, downgrades stock to 'sell'

Hangzhou, a major city in eastern China, removed all of its remaining homebuying curbs, the latest example of a local government pursuing aggressive easing to end the property crisis.

Hangzhou scraps housing curbs as loosening gains steam

Asian shares steadied on Thursday after solid Chinese trade data added to signs domestic demand in the world's second-largest economy is picking up, while the yen stabilised after three days of declines as Japan talked up potential currency interventions.

Asia shares steady after solid China trade data, yen stable after recent falls

LBS Bina Group Bhd (KL: LBS) has launched SkyRia, the latest addition to its D'Island Residence project in Puchong.

LBS Bina launches RM457 mil SkyRia residential project in Puchong

Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) surged to a new record high on Thursday, as investors bet on better earnings growth for its upcoming financial results for the first quarter ended March 31, 2024 (1QFY2024).

Kerjaya Prospek shares at fresh record high on expectation of better 1Q earnings

Huawei's latest high-end phone features more Chinese suppliers, including a new flash memory storage chip and an improved chip processor, a teardown analysis showed, pointing to the progress China is making towards technology self-sufficiency.

Huawei's new Pura 70 phone uses more China-made parts, memory chip

Shares of VSTECS Bhd (KL:VSTECS) climbed to a new all-time high on Thursday as investors scrambled for a piece of the company that has been appointed the country’s first distributor of Amazon Web Services (AWS).

VSTECS shares hit new record high on Amazon Web Services partnership

All eyes will be on Bank Negara Malaysia (BNM) as the central bank is set to announce its overnight policy rate (OPR) decision later on Thursday afternoon.

Economists bet on BNM leaving the OPR unchanged later today

Gen Zers risk starting further and further behind previous generations building a life for themselves as soaring rents chew into their disposable income, leaving them deeper in a financial hole they are still digging, said Fortune.

Gen Z sinking deeper into debt as higher education and housing costs weigh, new data shows — report

UOB KayHian has initiated coverage on Lagenda Properties Bhd (KL: LAGENDA) with a “buy” rating at RM1.49 and target price (TP) of RM2.05.

Asian shares steadied on Thursday after solid Chinese trade data added to signs domestic demand in the world's second-largest economy is picking up, while the yen stabilised after three days of declines as Japan talked up potential currency interventions.

Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) surged to a new record high on Thursday, as investors bet on better earnings growth for its upcoming financial results for the first quarter ended March 31, 2024 (1QFY2024).

Apex Securities Bhd expects the local bourse to continue to trend sideways following the FBM KLCI’s retreat after hitting the 1,600 resistance level amid weakened sentiment across global stock markets and investors awaiting fresh catalysts.

The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive US monetary policy.

Dow ends higher for sixth session, but Treasury yields pressure market

Intel said on Wednesday its sales would take a hit after the US revoked some of the chipmaker's export licences for a customer in China, in a move Beijing complained was going too far in the name of national security.

Intel, Qualcomm say exports to China blocked as Beijing objects

(May 9): Opulent, elevated, expensive. There are plenty of descriptive terms for the A$90 million (US$59 million or RM280.88 million) home perched high in Crown Resorts Ltd’s twisting skyscraper in Sydney. “Sold” is not one of them.

The chrome-heavy duplex has been on the market since a...

Luxury US$59m Sydney home remains unsold as rich Chinese buyers leave

Arm Holdings plc shares tumbled after the chip designer gave a lukewarm revenue forecast for the fiscal year, raising concerns that the tech industry’s artificial intelligence (AI) spending spree is slowing.

Arm shares fall after company gives tepid annual forecast

A Wall Street analyst has pointed out there's a gaping hole in the picture. He calls it "phantom debt" — spending on "buy now, pay later" (BNPL) platforms, which often goes unrecorded by credit agencies, Fortune reported.

‘Phantom debt’ from ‘buy now, pay later’ schemes a US$700b black hole economists aren’t accounting for — report

Singapore must be realistic about the global trends affecting its equities market and what can be done about them, according to Deputy Prime Minister Lawrence Wong.

Singapore must recognise stock-market challenges, Wong says

Vacation rental company Airbnb reported a higher quarterly profit on Wednesday but forecast second-quarter revenue below Wall Street expectations, sending shares of the company down 8% after the bell.

Airbnb forecasts weaker 2Q revenue despite robust demand for international travel

LBS Bina Group Bhd (KL: LBS) has launched SkyRia, the latest addition to its D'Island Residence project in Puchong.

Asia-Pacific Islamic banks can expect steady expansion and broadly stable asset quality for the next few years, at least, according to S&amp;P Global Ratings.

Malaysia’s largest telecom company by revenue Axiata Group Bhd (KL:AXIATA) may face earnings pressure from a potential merger of its unit PT XL Axiata with PT Smartfren Telecom in Indonesia, and investors should sell the stock, said MIDF Amanah Investment Bank.

A US warship sailed through the narrow Taiwan Strait on Wednesday, less than two weeks before Taiwan's new president takes office, prompting an angry denunciation from Beijing.

US sends warship through Taiwan Strait ahead of presidential inauguration

Tesla Inc’s directors say they don’t want a do-over in Texas of the Delaware court battle that killed co-founder Elon Musk’s US$56 billion (RM265.68 billion) pay package — regardless of whether shareholders approve reincorporating the electric-car maker in the Lone Star state.

Tesla board vows not to move Musk pay court fight to Texas

Huawei's latest high-end phone features more Chinese suppliers, including a new flash memory storage chip and an improved chip processor, a teardown analysis showed, pointing to the progress China is making towards technology self-sufficiency.

Surin Murugiah

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Surin Murugiah

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