US President Donald Trump signed an executive order on Monday ordering the creation of a sovereign wealth fund within the next year, saying it could potentially buy the short video app TikTok.

Trump orders creation of US sovereign wealth fund, says it could buy TikTok

Leapmotor has struck a deal with Chinese state-owned automaker FAW to deliver an electric vehicle platform that will be used to drive overseas sales for Hongqi, an emerging national champion, executives from both companies said.

China's Leapmotor to supply EV platform to Hongqi, also in talks with Ferrari

KUALA LUMPUR (April 24): YTL Hotels has expanded its hospitality portfolio with the opening of two new properties — Moxy Kuala Lumpur Chinatown and AC Hotel by Marriott Ipoh.

YTL Hotels opens Moxy Kuala Lumpur Chinatown and AC Hotel by Marriott Ipoh

Norway's US$1.7 trillion (RM7.4 trillion) sovereign wealth fund, the world's largest, reported on Thursday a quarterly loss of 415 billion Norwegian crowns (US$39.72 billion) for the January to March period, largely driven by negative returns in the tech sector.

Norway wealth fund posts US$40b first-quarter loss on tech weakness

Singapore equities were set for an eighth straight session of gains on Thursday, marking their best winning streak since November 2022, as cooling inflation and demand for defensive stocks supported the benchmark index.

Singapore shares set for an eight-day rally; Asian FX muted 

Gucci sales tumbled in the first quarter as efforts to revive Kering SA’s biggest brand again failed to yield signs of a turnaround amid a tough period for the luxury-goods industry.

Gucci sales drop as Kering label struggles to revive demand

Abandoned housing has been a long-standing problem in Malaysia. According to the Real Estate and Housing Developers’ Association (Rehda) Institute in its recently released “Abandoned Housing — Challenges, Insights & Solutions Research Report”, the number of abandoned housing projects has been...

Stakeholder action needed to address abandoned housing issues, says Rehda Institute

China’s central bank chief Pan Gongsheng urged countries to help maintain confidence in the global economic system on a trip to the US, reiterating Chinese opposition to tariffs as American President Donald Trump signals a shift toward de-escalating tensions.

PBOC chief warns trade frictions threaten trust in world economy

Adidas AG reported better-than-expected earnings in the first quarter as consumers continue to snap up retro sneakers like the Samba in the face of growing economic uncertainty.

Adidas earnings bolstered again by retro sneaker craze

KUALA LUMPUR (April 24): The special sitting of Dewan Rakyat on May 5 to discuss the impact of the United States’ actions on the Malaysian economy will be held at the request of Prime Minister Datuk Seri Anwar Ibrahim.

Dewan Rakyat special sitting on May 5 held at PM’s request — Parliament

Rising tariffs and the weakening dollar are casting a shadow on companies’ profit guidance this earnings season, with more damage seen unfolding over the coming quarters.

US dollar’s slide raising red flags for corporate earnings

A surge of complaints emerged on Thursday evening from investors across Bursa Malaysia, reporting that their accounts have been hacked and used for unauthorised trading activities.

Widespread hacks hit stock trading accounts in Malaysia

KUALA LUMPUR (April 24): The Ministry of Education issued an apology for an incorrect depiction of Malaysia’s national flag, the Jalur Gemilang, on an exam results analysis report distributed on Thursday.

Education Ministry apologises for Jalur Gemilang bungle in SPM results report

Datuk Muzaffar Hisham has resigned from his position as Malayan Banking Bhd’s (KL:MAYBANK) group chief executive officer of Islamic banking to helm Bank Pembangunan Malaysia Bhd (BPMB), according to sources.

Muzaffar Hisham leaves Maybank's Islamic arm, said to be headed for top role at Bank Pembangunan

IJM Corporation Bhd (KL:IJM) has acquired a 50% stake in financially troubled UK-based construction firm JRL Group for £50 million, or about RM283 million.

IJM Corp completes acquisition of troubled UK builder for RM283m

KUALA LUMPUR (April 24): YTL Hotels has expanded its hospitality portfolio with the opening of two new properties — Moxy Kuala Lumpur Chinatown and AC Hotel by Marriott Ipoh.&nbsp;

Crypto’s richest man, Changpeng Zhao, was in a playful mood as he addressed a packed house at the Ritz-Carlton in Kuala Lumpur, just seven months after his release from a low-security California prison.&nbsp;

In KL, Binance billionaire Zhao guides regulators to relax crypto rules

IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial Real Estate Investment Trust (KL:IGBCR) will see their former group chief financial officer Chai Lai Sim return from retirement to take the helm at both REITs.

IGB REITs bring former CFO Chai Lai Sim out of retirement as new CEO

China demanded that the US revoke all unilateral tariffs and said there were no talks on reaching a trade deal, maintaining a tough stance despite President Donald Trump’s easing of criticism of the country.

China says US should revoke all unilateral tariffs, denies talks

Magma Group Bhd (KL:MAGMA), which is primarily in hotel management and property development, announced the emergence of several new substantial shareholders on Thursday, including former national badminton player Datuk Wira Lee Chong Wei.

Lee Chong Wei among Magma's newly emerged substantial shareholders after land deal

KUALA LUMPUR (April 24): Tenaga Nasional Bhd (TNB)(KL:TENAGA) has more than doubled its budgeted capital expenditure (capex) to RM42.9 billion — comprising RM26.6 billion in base capex and RM16.3 billion in contingent capex — to support infrastructure development for Malaysia’s energy transition.

TNB doubles capex to RM42.9b to back energy transition efforts

The Transport Ministry supports the proposal to establish Port Klang Cruise Terminal (PKCT) as a transshipment hub, said minister Anthony Loke.

Loke gives nod to proposal to turn Port Klang Cruise Terminal into transshipment hub

The East Coast Economic Region Development Council (ECERDC) says Segamat, Johor has secured RM2.6 billion in committed investments for manufacturing and agriculture projects in the first quarter of 2025 (1Q2025).

ECERDC: Segamat secures RM2.6b worth of manufacturing and agriculture investments in 1Q

Pantech Global Bhd announced a special dividend of one sen after its fourth quarter net profit jumped 373% from the previous quarter, driven by a gain on bargain purchase and two months of earnings from newly acquired companies.

Pantech Global declares special dividend after gain on bargain purchase

The US stock market is well past its best days and investors should be prepared to see further declines in the nation’s equities, Treasury bonds as well as the dollar, according to Christopher Wood of Jefferies Financial Group Inc.

Jefferies’ Wood says best over for US stocks, sees more losses

LET’S start with the absurd: The US, the self-declared global beacon of green energy and moral leadership, just imposed a 3,500% tariff on solar panels from Southeast Asia.

Opinion: A 3,500% tariff exposes the real villains behind America’s clean energy hypocrisy

ViTrox Corp Bhd (KL:VITROX) said on Thursday that its net profit jumped 40.2% in the first quarter from a year earlier, driven by stronger sales and a more favourable product mix.

ViTrox sees double-digit earnings growth for FY2025 after 1Q profit surges 40% 

Bank Negara Malaysia (BNM) and the Treasury Department will review the International Monetary Fund’s (IMF) latest assessment of Malaysia’s real gross domestic product (GDP), as reported in the April 2025 World Economic Outlook.

BNM, Treasury to review IMF's latest report on Malaysia's real GDP — Anwar

Prime Minister&nbsp;Datuk Seri Anwar Ibrahim&nbsp;stressed that there will be no double standards in the matter involving the incomplete display of the national flag, and that investigations will be carried out against all parties involved.

Jalur Gemilang gaffes: Anwar says no double standards, pledges to probe all parties involved

Norway's US$1.7 trillion (RM7.4 trillion) sovereign wealth fund, the world's largest, reported on Thursday a quarterly loss of 415 billion Norwegian crowns (US$39.72 billion) for the January to March period, largely driven by negative returns in the tech sector.

KUALA LUMPUR (April 23): Marriott International Inc has signed an agreement with Citta Worldwide Sdn Bhd to introduce the Aloft Hotels brand in Seremban, Negeri Sembilan. Slated to open by the end of 2025, the upcoming Aloft Seremban is said to become the first internationally branded hotel in the city, according to a press release dated April 23.

Trevor Hunnicutt & Pete Schroeder