After Singapore-based steel firm Green Esteel Pte Ltd’s emergence as the controlling shareholder of Southern Steel Bhd (KL:SSTEEL) earlier this year, the Malaysian group is now offloading a 55% stake in its steel wire mesh-making unit to Singapore-listed BRC Asia Ltd for RM61.05 million in cash.

Southern Steel to sell 55% stake in steel wire mesh unit to Singapore-listed BRC Asia

Gold prices briefly broke above US$3,500 per ounce to an all-time high on Tuesday, after US President Donald Trump criticised Federal Reserve chair Jerome Powell, rattling investors and increasing demand for the safe-haven asset.

Gold touches US$3,500/oz amid Trump's attacks on Powell

To break into the cryptocurrency mining industry, Eric Trump and Donald Trump Jr are teaming up with executives who previously founded a miner with the backing of investors implicated in an illegal penny-stock pump-and-dump operation.

Trump sons’ bitcoin mining partners had run-ins with regulators

Wong & Partners, the legal firm which had advised 1Malaysia Development Bhd (1MDB), did not play a role in the controversial transfer of the US$1 billion meant for a joint venture with PetroSaudi International Ltd (PSI), but which was then misappropriated, the court heard on Tuesday.

1MDB legal adviser Wong & Partners played no role in controversial US$1b remittance, court told

KUALA LUMPUR (April 22): Malaysia’s ports-and-logistics sector could be hit by a sharp decline in global order volumes amid uncertainty over international trade, Maybank Investment Bank (Maybank IB) said in cutting the industry outlook.

Maybank IB turns neutral on Malaysia’s ports-and-logistics sector because of tariff uncertainties, despite signs of near-term front-loading by exporters

DPS Resources Bhd (KL:DPS) is partnering Invest Energy Sdn Bhd to develop solar farms and other infrastructure to support its proposed artificial intelligence (AI) data centre and high-tech industrial park in Alor Gajah, Melaka.

DPS Resources, Invest Energy team up to build solar farms in Melaka

(April 22): Canada has seen a boom in political books created with generative artificial intelligence, adding to concerns about how new technologies are affecting the information voters receive during the election campaign. 

Prime Minister Mark Carney was the subject of at least 16...

AI floods Amazon with strange political books before Canadian election

Petronas Chemicals Group Bhd (KL: PCHEM), or PCG, announced on Tuesday that its Pengerang Petrochemicals Complex in Johor — the group’s largest growth project under its olefins and derivatives segment in partnership with Saudi Aramco — commenced commercial operations in November 2024

Petronas Chemicals says commercial ops at Pengerang site commenced in November 2024

Norges Bank, which manages Norway’s government pension fund, has emerged as a substantial shareholder in automated test equipment (ATE) maker Pentamaster Corp Bhd (KL:PENTA) with a 5.26% stake.

Norges Bank emerges as substantial shareholder of Pentamaster

MGB Bhd proposes to settle RM7.23 million with joint venture partner Aset AZG Sdn Bhd (AASB) to kick start a serviced apartment project in Cameron Highlands which has been on the back burner for six years.

MGB settles RM7.23m with JV partner to revive Cameron Highlands project after six years

Volkswagen plans to start exporting cars from China, aiming to sell in other Asian markets, South America and the Middle East, its China chief said on Tuesday, adding the carmaker was also ready to tackle domestic competition in the country.

Volkswagen plans exports from China to Asia, South America, Middle East

Alpha IVF Group Bhd (KL:ALPHA) posted a 12.4% year-on-year decline in net profit for its third quarter, dragged by expansion costs and lower contributions from its Singapore operations.

Alpha IVF's 3Q net profit down 12% on expansion costs

Scanwolf Corporation Bhd (KL:SCNWOLF) said it has secured a RM16.63 million subcontract for the relocation of water supply in Rawang, Selangor.

Scanwolf secures subcontract for relocation of water supply in Rawang

With profit margins close to record levels, Corporate America has some room to absorb costs from higher tariffs. How much it decides to cushion the blow will determine how high inflation goes in 2025.

US earnings to offer clues on how much tariffs will boost prices

The International Monetary Fund on Tuesday slashed its forecasts for growth in the United States, China and most countries, citing the impact of US tariffs now at 100-year highs, and warning that further trade tensions would slow growth further.

IMF cuts growth forecasts for most countries in wake of century-high US tariffs

Vice-President JD Vance pushed for stronger ties between the US and India across a range of areas from energy to defense, in remarks delivered during a four-day trip to the South Asian country that brought the two nations closer to a trade deal.

Vance calls for closer US-India ties as trade talks progress

Pakistan’s central bank will allow the rupee to gradually weaken to manage pressures on the current account as the economy gains pace, according to Fitch Ratings.

Pakistan will allow rupee to gradually weaken — Fitch

KUALA LUMPUR (April 22): AmBank (M) Bhd&nbsp;is taking legal action to auction off a property in Bandar Kundang, Rawang, owned by the late Kee Kok Thiam, a former aide to fugitive businessman Low Taek Jho (Jho Low), to recover a housing loan of RM1.018 million.

AmBank seeks to auction off property of Jho Low’s former aide Kee over RM1m loan

Malaysia should brace for potential US recession and slowdown of China that will drag on the global economy this year, OCBC warned on Tuesday.

Malaysia should brace for potential US recession, China slowdown, says OCBC

KUALA LUMPUR (April 22): Malaysia’s ports-and-logistics sector could be hit by a sharp decline in global order volumes amid uncertainty over international trade, Maybank Investment Bank (Maybank IB) said in cutting the industry outlook.&nbsp;

Inari Amertron Bhd (KL:INARI) is still in the early stages of its earnings downgrade cycle, even after the recent plunge in its share price, but investors should consider taking positions now, an analyst&nbsp;said on Tuesday.

Inari's earnings outlook still under risk; HLIB advises 'buy' before turnaround

The Royal Malaysian Police (PDRM) plans to nab&nbsp;another ‘Tan Sri’ for questioning&nbsp;in connection with the MBI ponzi scheme, following a second round of arrests from April 18 to 21 and the seizure of RM347 million in assets, according to sources.

Police to nab third ‘Tan Sri’ for questioning, following fresh arrests and RM347m seizure in MBI case — sources

The Visa Liberalisation Plan (PLV) for Chinese visitors has been extended for another five years, as the initiative has shown immediate positive impact on the country’s economy, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Visa exemption for Chinese tourists extended for five years to boost economy — home minister

KUALA LUMPUR (April 22): Demand for palm oil from top buyers China and India may rise from restocking ahead of summer and ongoing discount against soybean oil, the Malaysian Palm Oil Council (MPOC) said on Tuesday.

Palm oil demand from China, India may rise in next two months, support prices — MPOC

KUALA LUMPUR (April 22): Reach Ten Holdings Bhd’s initial public offering (IPO) shares were oversubscribed less than two times by the public investors ahead of its Main Market listing.

Reach Ten’s Main Market IPO shares oversubscribed by 1.85 times

The High Court has postponed the Sapura Holdings Sdn Bhd winding-up petition, involving feuding brothers Tan Sri Shahril Shamsuddin and Datuk Shahriman Shamsudin, to Wednesday at 9am, as both sides are negotiating a settlement.

Sapura Holdings winding-up case postponed to Wednesday as brothers seek settlement

Solar photovoltaic (PV) module manufacturers in Malaysia owned by China-based players could face the risk of being phased out due to the latest US-imposed duties on solar imports from the country, an industry group representing the sector said.

US tariffs weigh on Chinese solar panel makers in Malaysia; neutral for installers

The European Commission (EC) has been urged to recognise the Malaysian Sustainable Palm Oil (MSPO) certification in order to promote greater acceptance of the European Union Deforestation Regulation (EUDR).

European Commission urged to recognise Malaysian Sustainable Palm Oil certification to enhance compliance with EU Deforestation Regulation

The High Court on Tuesday granted leave (permission) to Toh Puan Na'imah Abdul Khalid to challenge a RM313.82 million additional tax imposed on her by the Inland Revenue Board (IRB).

High Court allows Na'imah to challenge RM313.8m tax bill through judicial review

(April 21):&nbsp;Air India Ltd&nbsp;is looking to take Boeing Co&nbsp;planes rejected by Chinese carriers, people familiar with the matter said, joining the ranks of Asian airlines vying to benefit from the trade war between Washington and Beijing.

Air India keen to take Boeing jets refused by China airlines — Bloomberg

Nomura Holdings Inc&nbsp;agreed to purchase Macquarie Group Ltd’s US and European public asset management business for US$1.8 billion (RM7.9 billion), marking the Japanese brokerage’s most significant overseas acquisition since it bought Lehman Brothers assets in 2008.&nbsp;

Nomura’s biggest deal since Lehman forms unit with US$770b in assets under management

Parkway Life Real Estate Investment Trust's (REIT)&nbsp;wholly owned Malaysian subsidiary Parkway Life Malaysia has entered a sale and purchase agreement for the divestment of strata units and lots at MOB Specialist Clinics in Kuala Lumpur for RM20.09 million.

Parkway Life REIT to divest Malaysian property for RM20m

Norges Bank, which manages Norway’s government pension fund, has emerged as a substantial shareholder in automated test equipment (ATE) maker Pentamaster Corp Bhd (KL:PENTA) with a 5.26% stake.

Shares of TMD Energy Ltd, a 66.39% subsidiary of Straits Energy Resources Bhd (KL:STRAITS), rose by as much as 26.76% on its first day of trading on the New York Stock Exchange (NYSE) American.

TMD Energy opened at US$3.26 on Monday (April 21), and hit an intraday high of US$4.12, before it pared its gains to close at US$3.63, an 11.69% premium over the initial public offering (IPO) price of US$3.25 per share.

Straits Energy’s TMD ends NYSE American debut at 12% premium to IPO price

The dragon carving souvenir recently presented to Chinese President Xi Jinping was a personal gift and not an official government representation, Transport Minister Anthony Loke Siew Fook said.&nbsp;

Loke: Dragon souvenir for Xi a personal gift, should not be blown out of proportion

The escalation of US-China trade tensions, marked by aggressive tariff measures by US President Donald Trump, is likely to reinforce Asean's attractiveness as a neutral production and investment base, according to OCBC chief economist Selena Ling.

Trump tariffs reinforce Asean as neutral hub for rest of world — OCBC economist

Global paper manufacturer Zhejiang Jingxing Paper Joint Stock Co Ltd is set to expand its manufacturing operations in Banting, Selangor, with a RM1.9 billion investment.

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