The price of a litre of RON95 petrol will remain unchanged at RM2.05, while the retail price of RON97 will increase by three sen from RM3.22 per litre to RM3.25 per litre from Thursday to Jan 1, 2025.

RON95, diesel prices unchanged, RON97 up three sen

Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.

Anwar: Govt will fully cooperate if MH370 search yields results

The King and Queen of Malaysia, Sultan Ibrahim Sultan Iskandar and Raja Zarith Sofiah, have extended their Christmas greetings to all Malaysians who are celebrating.

King, Queen extend Christmas greetings

The government has initiated an administrative (sunset) review of anti-dumping duties on imports of cold rolled coils of iron, or non-alloy steel, and of width more than 1,300mm, originating or exported from China, South Korea, Japan, and Vietnam.

Govt initiates sunset review of anti-dumping duties for iron or non-alloy steel cold rolled coils

Social media platform TikTok recorded 2,606 requests from the Malaysian government to remove or restrict content on its platform in 1H2024, the highest among all governments in the period, according to its latest report on government removal requests.

Malaysia tops TikTok content, account removal requests in 1H2024 among govts

KUALA LUMPUR (Dec 24): Here is a brief recap of the business news and corporate announcements that made the headlines on Tuesday:

Boustead Heavy Industries Corp Bhd's (KL:BHIC) shareholders have approved the disposal of the fabrication and engineering company’s 51% equity stake i...

BHIC, Pharmaniaga, MMAG, Prolintas, Nestcon, Datasonic, PUC, KKB Engineering, Parlo 

Malaysian Rating Corporation Bhd (MARC) on Tuesday affirmed Malaysia's public information sovereign rating at AAA with a "stable" outlook.

However, MARC flagged challenges from a high fiscal deficit and debt levels, as well as the tax revenue-to-gross domestic product (GDP) ratio of 12.6% in 2023, which remains below the peer average despite recovering to pre-pandemic levels.

MARC flags Malaysia's debt position as it keeps AAA, stable rating

OCBC Bank (Malaysia) Bhd (OCBC Bank) has been named Malaysia’s “Bank of the Year” by London-based publication The Banker for the second consecutive year.

OCBC Bank named top Malaysian bank for second year running

During their inaugural meeting on Monday, Malaysia and the Kyrgyz Republic committed to exploring collaboration and exchanging information on the latest advancements in agriculture.

Malaysia, Kyrgyz Republic set to explore agriculture collaboration

EVENING 5: Five things you need to know today

Any attempts to sow division or actions that trigger racial discord must be avoided, said Prime Minister Datuk Seri Anwar Ibrahim.

In a Facebook post on Tuesday, in conjunction with Christmas, which will be celebrated by Christians on Wednesday, Anwar emphasised that all Malaysians need each other and complement one another, particularly in efforts to build a successful and distinguished national identity.

Any attempts to incite racial discord must be avoided — PM

Nestcon Bhd’s (KL:NESTCON) wholly owned subsidiary Nestcon Infra Sdn Bhd is set to develop a large-scale solar photovoltaic plant (LSSPV) with 14.99 megawatts of alternating current (MWac) in Bongawan, Kimanis, Sabah.

Nestcon wins bids to develop 18.99 MWac LSS power plant projects in Sabah

The Road Transport Department (JPJ) has initiated a comprehensive investigation and safety audit on the vehicle companies involved in the fatal accident at KM204 of the North-South Expressway (PLUS) northbound in Melaka on Monday night.

JPJ launches investigation, safety audit over KM204 fatal crash

KKB Engineering Bhd (KL:KKB) has initiated adjudication proceedings under the Construction Industry Payment and Adjudication Act against a contractor over outstanding claims amounting to RM10.1 million.

KKB Engineering sues glove factory project contractor over unpaid claims

Russia attacked Ukraine's energy system and some cities with cruise and ballistic missiles plus drones on Wednesday in an "inhuman" Christmas Day assault, Ukraine's President Volodymyr Zelenskiy said.

Russia launches 'inhuman' Christmas Day attacks, Ukraine says

Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.

China, Japan foreign ministers agree visit, security dialogue

Japan's Nippon Steel is seeing support for its proposal to acquire US Steel in the regions of the US where steel mills are located, Nippon Steel's President Tadashi Imai told reporters on Wednesday.

Nippon Steel's US Steel takeover plan has support in steelmaking areas, executive says

China refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

China avoids rate cut to keep ammunition for future pressure

South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

South Korea's Yoon defies second agency summons over martial law

An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.

Azerbaijan Airlines plane crashes in Kazakhstan, many feared dead

China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.

China stocks close flat, energy gains offset small-cap losses

Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.

Japan's Nikkei reverses course, ends higher as autos rise

The government has initiated an administrative (sunset) review of anti-dumping duties on imports of cold rolled coils of iron, or non-alloy steel, and of width more than 1,300mm, originating or exported from China, South Korea, Japan, and Vietnam.

China refrained from cutting the interest rate and drained the most cash since 2014 with a one-year policy tool, keeping its powder dry ahead of possible escalation in trade tensions with the US next year.

The King and Queen of Malaysia, Sultan Ibrahim Sultan Iskandar and Raja Zarith Sofiah, have extended their Christmas greetings to all Malaysians who are celebrating.

Private equity firms KKR and Bain Capital each offered more than US$5 billion (RM22.44 billion) in first-round bids for the non-core assets of Japan's Seven &amp; i Holdings, according to people familiar with the matter.

KKR and Bain each bid more than US$5b for Seven & i assets — Reuters

ON Dec 7, Notre-Dame de Paris, the iconic 12th-century medieval cathedral in the French capital, reopened its doors five years after a devastating fire destroyed its roof and spire. US president-elect Donald Trump, current First Lady Jill Biden, England’s Prince William, Ukraine President Volodym...

Tech: LVMH, Kering, Hermès and the luxury sector consolidation

South Korea's suspended President Yoon Suk Yeol did not respond on Wednesday to a second summons by anti-corruption authorities who, along with prosecutors, are investigating his short-lived martial law decree issued early this month.

An Embraer passenger plane flying from Azerbaijan to Russia crashed near the city of Aktau in Kazakhstan on Wednesday with 62 passengers and five crew on board, Kazakh authorities announced, saying that 32 people had survived.

China approved a value-added tax (VAT) law on Wednesday to take effect on Jan 1, 2026, the official Xinhua said, bringing into one document previous regulations that have included exempting items from the tax.

China approves value-added tax law, taking effect in 2026

Prime Minister Datuk Seri Anwar Ibrahim has assured that the Madani government will provide full cooperation if efforts to locate Malaysia Airlines flight MH370 yield results.

Taiwan has rejected Uber Technologies Inc’s plan to acquire Delivery Hero SE’s Foodpanda local business for US$950 million (RM4.26 billion), the official Central News Agency reported.

Taiwan blocks Uber purchase of Delivery Hero’s arm — report

RADIANT Globaltech Bhd (KL:RGTECH), an ACE Market-­listed technology firm, is in the midst of acquiring an 80% stake in Rymnet Solutions Sdn Bhd for RM52.5 million. This strategic acquisition is aimed at enhancing its existing IT solutions by integrating human resources (HR) management system mod...

Rymnet to drive half of Radiant Globaltech’s future profits

Bangladesh authorities are investigating Singaporean billionaire Saiful Alam Masud for alleged financial crimes, including money laundering, the Straits Times reported on Wednesday. He denied wrongdoing.

Bangladesh probes Singaporean tycoon Saiful Alam — report

Talks between China and Japan's foreign ministers in Beijing have paved way for Japan to host China's foreign affairs chief next year, and mutual agreement to hold a security dialogue as soon as possible, Japan said on Wednesday.

President Joe Biden signed 50 bills into law on Tuesday that include making the bald eagle the country's official bird and one that stops members of Congress from collecting their pensions if convicted of crimes.

Biden signs 50 bills into law, makes bald eagle the country's official bird

Japan's Nikkei share average reversed early losses to end higher on Wednesday, driven by gains in the auto sector although trade was dominated by retail investors, who bought back cheap stocks in muted trade with many global markets closed for the holidays.

Johor Bahru’s property market has been on an upward trend owing to spillover effects from positive initiatives and announcements over the past few quarters, says Olive Tree Property Consultants Sdn Bhd CEO Samuel Tan when presenting The Edge Malaysia | Olive Tree Property Consultants Joh...

The Edge Malaysia | Olive Tree Property Consultants Johor Bahru Housing Property Monitor 2Q2024: Property market on upward trend

China stocks closed roughly flat on Wednesday, as gains in energy shares offset losses in small-cap shares, while the Hong Kong market was closed for a public holiday.

Amid escalating concerns about online harm in the country, the Malaysian Communications and Multimedia Commission (MCMC) has introduced a regulatory framework for social media services and internet messaging service providers. This initiative signals a pivotal shift in digital safety, accountabil...

My Say: Navigating digital accountability and safety under a new licensing framework

The new geopolitics after the first Cold War undermines peace, sustainability and human development. Hegemonic priorities continue to threaten humanity’s well-being and prospects for progress.

<h3>End of the first Cold War</h3>

The end of the first Cold War has been interpreted in va...

My Say: New geopolitics worse for Global South

Bank of Japan (BOJ) Governor Kazuo Ueda reiterated his view that the bank needs to carefully watch various risks without signalling the likelihood of an interest rate hike next month.

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