The Malaysian Communications and Multimedia Commission (MCMC) on Friday published a code of conduct aimed at ensuring that internet messaging and social media service providers uphold online safety and security, particularly for children and vulnerable groups.

MCMC publishes code of conduct for social media service providers to address harmful content

Tencent Holdings Ltd and Honor Device Co will engage in a long-term strategic cooperation on cloud and artificial intelligence development, according to a statement on Friday.

Tencent and Honor forge wide-ranging partnership on AI and cloud

Catcha Digital Bhd (KL:CATCHA), formerly known as Rev Asia Bhd, is acquiring a 60% stake in Drive 2 Digital Sdn Bhd (D2D) for RM16.2 million, cash, marking its entry into the automotive digital media sector, with a focus on Chinese and Malay language automotive content.

Catcha Digital expands into automotive digital media by investing in Drive 2 Digital 

Tencent Holdings Ltd and stocks linked to the company rallied on Friday, fuelled by investor enthusiasm over a new gifting function on its popular WeChat platform.

Tencent, related stocks jump as WeChat gifting tool fuels rally

KUALA TERENGGANU (Dec 20): A plantation manager lost RM205,983 after falling victim to a non-existent investment scheme.

Plantation manager loses over RM200,000 to investment scam

Southeast Asia is fast emerging as an investment hot spot for AI leaders like Nvidia Corp and Microsoft Corp, which are plowing money into cloud services and data centres. But the region’s own young tech companies are failing to capitalise on the boom.

Southeast Asia has US$60b AI boom, but its own startups are missing out

DELAWARE/SAN FRANCISCO (Dec 19): A licence dispute between Arm Holdings and Qualcomm went before a jury on Thursday, after attorneys from both sides completed closing arguments.

Jury deliberates in Arm, Qualcomm trial after closing arguments wrap

The US Department of Commerce has recently asked Nvidia to look into how the company's products ended up in China over the past year, The Information reported on Thursday, citing a person close to the department.

US asks Nvidia to investigate how its chips ended up in China — report 

An Australian computer scientist who falsely claimed he invented bitcoin was on Thursday found in contempt of court for bringing a £911 billion (US$1.2 trillion or RM5.4 trillion) lawsuit against Twitter founder Jack Dorsey's payments company Block  in Britain.

Self-proclaimed bitcoin inventor in contempt of court over US$1.2 tril UK lawsuit

Funds stolen by hacking cryptocurrency platforms surged 21% from a year ago to US$2.2 billion (RM9.9 billion) in 2024, a report from blockchain analysis firm Chainalysis showed on Thursday.

Losses from crypto hacks jump to US$2.2b in 2024 — report 

US Tesla Inc is in early discussions with the city of Austin about its autonomous vehicle technology it hopes to roll out on Texas roads as early as next year.

Tesla sounds out Austin officials about long-promised driverless fleets 

The Communications Ministry will monitor and take additional measures if any social media platforms fail to enforce their own age restrictions for users.

Fahmi warns of added measures against social media platforms that fail to enforce age restrictions

Apple Inc is close to getting Indonesia to lift its ban on iPhone 16 sales, after President Prabowo Subianto gave his approval for the government to accept a US$1 billion (RM4.5 billion) investment from the US tech giant, according to people familiar with the matter.

Apple close to winning Indonesian approval to end iPhone 16 ban

IPOH (Dec 19): The Malaysian Communications and Multimedia Commission (MCMC) and Digital Perak Corporation Holdings (DPCH) signed a memorandum of understanding (MOU) on Thursday, to support the implementation of the smart city programme in Ipoh.

 MCMC, Digital Perak ink MOU on implementing smart city programme in Ipoh — Fahmi

Johor Plantations Group Bh (KL:JPG) has appointed Tg Langsat Development Sdn Bhd (TLD) as an earthwork and main infrastructure contractor for its Integrated Sustainable Palm Oil Complex (iSPOC) project in Johor for RM39.04 million.

Johor Plantations appoints JCorp unit as main infra contractor for Kota Tinggi palm oil project

Bank Negara Malaysia (BNM) has announced a series of interim measures to address the burden of rising medical insurance premiums on policyholders. These measures include spreading out premium increases over the next three years, effective until the end of 2026, and pausing certain premium adjustments for individuals aged 60 and above.

Medical insurance premium hike to be staggered and kept below 10% yearly, says BNM as it rolls out measures to ease burden on policyholders

Bank Negara Malaysia announced that the government, together with insurers, takaful operators (ITOs) and private hospitals, will contribute a total of RM60 million to speed up health reforms in the country.

BNM announces RM60 mil boost for healthcare reforms, including rollout of new payment model for private hospitals

Top Glove Corp Bhd (KL:TOPGLOV) expects further sales recovery and projects its glove sales volume in FY2025 to grow 60% to 43 billion pieces, on industry stock replenishment and increase in sales flow from the US as a result of the 50% tariff on China-made gloves set to start on Jan 1, 2025.

Top Glove flags 'start of comeback' as sales volume seen growing 60% in FY2025

The Swiss parliament heavily criticised the previous leadership of Switzerland’s financial regulator Finma in a landmark inquiry into last year’s collapse of Credit Suisse.

Report finds Swiss bank watchdog blundered on Credit Suisse 

KUALA LUMPUR (Dec 20): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI slips 0.54% to 1,591.41 on Dec 20, 2024

Hon Hai Precision Industry Co, the Taiwan-based manufacturer of iPhones known as Foxconn, is putting its interest in pursuing Nissan Motor Co on hold while the Japanese automaker is in negotiations for a potential merger with Honda Motor Co, according to a person familiar with the matter.

Foxconn interest in Nissan said on hold amid Honda merger talks

Thailand has told Myanmar's junta that Asean members would want all stakeholders included in an election the military government plans to hold next year, even as the regional bloc seeks a common position on the polls, Thai officials said on Friday.

Asean will want inclusive Myanmar election, says Thailand 

There will be no increase in electricity tariff for all users in Peninsular Malaysia from Jan 1 to June 30, 2025, the Ministry of Energy Transition and Water Transformation announced on Friday.

Electricity tariff unchanged in 1H2025, but new tariff structure from 2H onwards — energy ministry

KUALA LUMPUR (Dec 20): Hong Leong Investment Bank (HLIB) has concluded that the RM11 per share takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) from the consortium led by Khazanah Nasional Bhd and the Employees Provident Fund (EPF) is not fair.

MAHB takeover: Adviser recommends acceptance but independent directors disagree

Shares of YTL Corporation Bhd (KL:YTL) and its associate YTL Power International Bhd (KL:YTLPOWR) resumed their rallies to climb to multi-month highs after the Malaysian Anti-Corruption Commission (MACC) cleared YTL Power's subsidiary of any wrongdoing in the 1BestariNet project investigations.

YTL Power, YTL Corp continue to climb after MACC clearance

KUALA LUMPUR (Dec 20): Top Glove Corp Bhd (KL:TOPGLOV) returned to black with a net profit of RM5.47 million for its first quarter ended Nov 30, 2024 (1QFY2025), from a net loss of RM57.71 million in the corresponding quarter a year ago, thanks to higher sales volumes and increased foreign exchange gains.

Top Glove returns to profitability in 1Q on stronger sales

Southeast Asia is fast emerging as an investment hot spot for AI leaders like Nvidia Corp and Microsoft Corp, which are plowing money into cloud services and data centres. But the region’s own young tech companies are failing to capitalise on the boom.

KUALA LUMPUR (Dec 20): Malaysia’s inflation rate dipped to 1.8% in November this year, compared to 1.9% in October, marking the first decline since August 2021, according to the Department of Statistics Malaysia (DOSM) on Friday.&nbsp;

Inflation eases to 1.8% in November from 1.9% in October, driven by lower tech and clothing costs

KUALA LUMPUR (Dec 20): Crude palm oil (CPO) prices are expected to climb to a higher average of RM4,600 per tonne in 2025, from the projected average of RM4,200 per tonne this year, due to supply-side challenges, including weather disruptions and slow replanting progress.

Palm oil prices set to rise further in 2025 amid supply concerns, says MARC Ratings

KUALA LUMPUR (Dec 20): Mechanical and electrical (M&amp;E) engineering services provider CBH Engineering Holding Bhd (KL:CBH) has begun taking orders from its investors for its initial public offering (IPO) on Friday, to raise up to RM83.44 million on the ACE Market.

ACE-bound CBH Engineering starts taking orders for RM83m IPO

Bank Negara Malaysia (BNM) has announced a series of interim measures to address the burden of rising medical insurance premiums on policyholders. These measures include spreading out premium increases over the next three years, effective until the end of 2026, and pausing certain premium adjustments for individuals aged 60 and above.

Medical insurance premium hike to be staggered and kept below 10% yearly, says BNM

KUALA LUMPUR (Dec 20): Analysts cut Aeon Credit Service (M) Bhd’s (KL:AEONCR) earnings projections due to elevated credit costs.

Analysts cut Aeon Credit’s earnings, TPs, on higher credit costs

DELAWARE/SAN FRANCISCO (Dec 19): A licence dispute between Arm Holdings and Qualcomm went before a jury on Thursday, after attorneys from both sides completed closing arguments.

Kedah-based Imperio Group has signed an agreement with Accor Group to open an ibis Styles hotel at its upcoming The Tenz integrated development in Alor Setar, Kedah. The hotel will be the first international hotel in the city.

Imperio Group partners Accor Group to open first international hotel in Alor Setar

There will be no increase in electricity tariff for all users in Peninsular Malaysia from Jan 1 to June 30, 2025, the Ministry of Energy Transition and Water Transformation announced on Friday.&nbsp;

Singapore-based V Medical Aesthetics Group is exploring an initial public offering in Malaysia that could value the company at as much as RM6 billion, according to people with knowledge of the matter.

Singapore’s V Medical Aesthetics is said to mull IPO in Malaysia — Bloomberg

theedgemalaysia.com highlighted one stock with positive momentum and two stocks with negative momentum at Bursa Malaysia's afternoon close on Friday.

Stocks with momentum on Dec 20, 2024: YTL Power, Ranhill and Bertam Alliance

Malaysia has agreed to resume the search for the wreckage of missing Malaysia Airlines Flight MH370, its transport minister said on Friday, more than 10 years after it disappeared in one of the world's greatest aviation mysteries.

Malaysia agrees to resume search for wreckage of missing Flight MH370

Global stocks slid on Friday ahead of a possible US government shutdown, while European shares came under fire after Donald Trump threatened to impose tariffs if consumers in the region did not increase their purchases of US oil and gas.

Stocks slide as US govt shutdown looms, Trump targets Europe

Catcha Digital Bhd (KL:CATCHA), formerly known as Rev Asia Bhd, is acquiring a 60% stake in Drive 2 Digital Sdn Bhd (D2D) for RM16.2 million, cash, marking its entry into the automotive digital media sector, with a focus on Chinese and Malay language automotive content.

China’s aggressive drive to replace brand-name foreign drugs with dirt-cheap homegrown generics has already taken a toll on global pharmaceutical companies’ local business. Now they’re almost nowhere to be found on the latest list of companies winning contracts to sell commonly used drugs to Chinese hospitals.

Chinese aspirin costing under a cent shuts out foreign firms

Tencent Holdings Ltd and stocks linked to the company rallied on Friday, fuelled by investor enthusiasm over a new gifting function on its popular WeChat platform.

President-elect Donald Trump has threatened the European Union with tariffs if its member countries don’t buy more American oil and gas.

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