KUALA LUMPUR (June 16): Malaysia’s oleochemical sector could face increased input costs starting July 1, as palm kernel oil, previously exempt from the sales and service tax (SST), will now be subject to a 5% sales tax, according to CIMB Securities.

Sales tax on palm kernel oil could increase input costs of Malaysian oleochemicals players — CIMB Securities

Malaysia’s economic growth is expected to lose further momentum from the second quarter of 2025 after three straight quarters of slowing expansion, said Maybank Investment Bank (Maybank IB), citing rising global uncertainties.

Maybank IB projects Malaysia's growth to slow in 2Q and beyond amid external challenges

Prime Minister Datuk Seri Anwar Ibrahim said that the country’s utility company Tenaga Nasional Bhd (KL:TENAGA) has committed RM43 billion to upgrade the national power grid. This upgrade will help handle growing energy demand and support renewable energy by using advanced technologies like artificial intelligence (AI) and battery storage systems. The goal is to make Malaysia’s energy system more resilient and flexible for the future.

Malaysia to spend RM43 bil on grid upgrades to support clean energy, says Anwar

KUALA LUMPUR (June 16): Prime Minister Datuk Seri Anwar Ibrahim said there are no immediate plans to restructure the Ministry of Economy, following the unexpected resignation of Datuk Seri Rafizi Ramli as its minister.

Anwar sees no urgent need to reshuffle Economy Ministry after Rafizi’s departure

The Attorney General's Chambers (AGC) has filed a notice of appeal against Muhammad Yusoff Rawther's acquittal on charges of drug trafficking and possession of imitation firearms, which allowed Yusoff to go free without his defence being called.

AG's Chambers appeals Yusoff Rawther's acquittal

theedgemalaysia.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Monday. Two stocks showed positive momentum, while four stocks showed negative momentum.

Stocks with momentum on June 16, 2025: Hengyuan, Rex, Petron Malaysia, XL Holdings, Toyo Ventures, Destini

The King, Sultan Ibrahim, in his royal address at the investiture ceremony in conjunction with His Majesty’s birthday on June 2, reminded Malaysians, including political and community leaders, not to politicise sensitive issues that could fuel discord within society and threaten the nation’s stab...

My Say: The Malays don’t need another umbrella

The Enforcement Agency Integrity Commission (EAIC) has found that the Penang Department of Fisheries (DOF) failed to act against the intrusion of trawler boats from Zone B into Zone A waters.

Penang DOF failed to act on trawler intrusions — EAIC

Former prime minister Tan Sri Muhyiddin Yassin’s abuse of power and money-laundering case linked to the Jana Wibawa project will now be heard in the High Court.

Muhyiddin’s Jana Wibawa case moved to High Court

Avaland Bhd (KL:AVALAND) has commenced construction of a 300m covered pedestrian walkway and link bridge from its Avenue25 mixed-use development to the USJ21 LRT Station.  

According to a media statement issued on Monday, the groundbreaking ceremony took place on-site on June 13.

Avaland breaks ground of Avenue25 pedestrian link to LRT station

The 5% sales and service tax (SST) on raw materials could have adverse effects on the domestic rubber ecosystem, said the Malaysian Rubber Glove Manufacturers Association (Margma), which urged the government to defer the tax imposition.

Margma urges govt to reconsider and defer 5% SST on latex raw materials

KUALA LUMPUR (June 16): OCBC Bank (Malaysia) Bhd has extended RM351 million in financing to See Hong Chen Group and EXSIM, to support three strategic real estate developments in the Johor-Singapore Special Economic Zone (JS-SEZ).

OCBC Bank extends RM351m financing for strategic developments in JS-SEZ

KUALA LUMPUR (June 16): The recent oil price rally — one of the most intense since the 2022 energy crisis — has once again laid bare the fragility of global energy systems, said Tan Sri Tengku Muhammad Taufik Tengku Aziz, president and group chief executive officer of Petroliam Nasional Bhd (Petronas).

Oil price surge signals energy system risks amid global ‘poly-crisis’, says Petronas CEO

KUALA LUMPUR (June 16): The importance of oil and gas can't be underestimated at times when conflicts occur, something that is currently being seen, the head of Saudi oil giant Aramco told an energy conference on Monday.

Oil and gas important in times of conflict, Saudi Aramco CEO says

Relatives of people feared dead or missing after last week’s crash of an Air India Boeing Co 787 jet have become frustrated by a lack of information about the cause of the disaster and slow-moving recovery operations.

Air India crash victim families upset by slow recovery efforts

THE US dollar is expected to weaken in the next 12 months as it suffers from what economists call a “crisis of confidence” over the greenback’s safe haven status due to Washington’s worsening fiscal outlook and erratic trade policies under President Donald Trump’s administration.

Rising...

Crisis of confidence weighs on US dollar but ringgit outperformance not guaranteed

It is not often that an external auditor withdraws from reappointment at the last minute. But that was what happened with ABM Fujiya Bhd (KL:AFUJIYA) at its annual general meeting (AGM) last week.

Frankly Speaking: Last-minute auditor change piques interest

(June 16):&nbsp;Petroliam Nasional Bhd (Petronas), Malaysia’s state-owned oil-and-gas company, is looking to expand output from more affordable assets abroad, in an effort to cut production costs and rein in declining profits.

Petronas looks abroad to help cut production costs

&nbsp;US&nbsp;President&nbsp;Donald&nbsp;Trump's&nbsp;administration&nbsp;is considering significantly expanding its&nbsp;travel&nbsp;restrictions by potentially&nbsp;banning citizens of&nbsp;36&nbsp;additional&nbsp;countries&nbsp;from entering the US, according to an internal State Department cable seen by Reuters.

Trump administration weighs adding 36 countries to travel ban, memo says

Iranian missiles struck Israel's Tel Aviv and the port city of Haifa in an early morning raid on Monday, destroying homes and fuelling concerns among world leaders at this week's G7 meeting that the battle between the two old enemies could lead to a broader regional conflict.

Israel's national emergency service said three people were killed in the country's centre while dozens more were wounded in the overnight strikes, part of a wave of attacks by Tehran in retaliation for Israel's pre-emptive strikes targeting Iran's nuclear and ballistic missile programmes that began last Friday.

Iran lauds 'new method' as missiles hit Israel's Tel Aviv, Haifa

Energy stocks surged in early trade on Monday as the escalating conflict between Israel and Iran entered its fourth day with no signs of de-escalation, sparking concerns of a broader war in the oil-rich region.

Energy stocks on Bursa soar amid escalating Israel-Iran attacks

KUALA LUMPUR (June 16): Asia-Pacific will require US$90 trillion (RM382.1 trillion) in energy investments through 2050 to power its growing economies, while achieving net zero ambitions, said Petroliam Nasional Bhd (Petronas) president and group chief executive officer Tan Sri Tengku Muhammad Taufik Tengku Aziz.&nbsp;

Asia-Pacific needs US$90 tril in energy investments to meet net zero goals by 2050, says Petronas chief

KUALA LUMPUR (June 16): The importance of oil and gas can't be underestimated at times when conflicts occur, something that is currently being seen, the head of Saudi oil giant Aramco&nbsp;told an energy conference on Monday.

&nbsp;The&nbsp;world's&nbsp;nuclear-armed states are beefing&nbsp;up&nbsp;their atomic&nbsp;arsenals&nbsp;and walking out of arms control pacts, creating a&nbsp;new&nbsp;era&nbsp;of threat that has brought an end to decades of reductions in stockpiles since the Cold War, a&nbsp;think&nbsp;tank&nbsp;said on Monday.

Of the total global inventory of an estimated 12,241 warheads in January 2025, about 9,614 were in military stockpiles for potential use, the Stockholm International Peace Research Institute (Sipri) said in its yearbook, an annual inventory of the&nbsp;world's most dangerous weapons.

World entering new era as nuclear powers build up arsenals, Sipri think tank says

The recently revised port tariffs are expected to boost Westports Holdings Bhd (KL:WPRTS), however geopolitical risks and trade uncertainties tied to the Israel-Iran conflict may weigh on regional shipping activities, said analysts. &nbsp;

Westports to benefit from port tariff hike, but geopolitical risks to affect seafaring routes — analysts

The King, Sultan Ibrahim, in his royal address at the investiture ceremony in conjunction with His Majesty’s birthday on June 2, reminded Malaysians, including political and community leaders, not to politicise sensitive issues that could fuel discord within society and threaten the nation’s stab...

KUALA LUMPUR (June 16): The recent oil price rally — one of the most intense since the 2022 energy crisis — has once again laid bare the fragility of global energy systems, said Tan Sri Tengku Muhammad Taufik Tengku Aziz, president and group chief executive officer of Petroliam Nasional Bhd (Petronas).&nbsp;

KUALA LUMPUR (June 16): Investors are expected to remain cautious in the local stock market, due to ongoing global uncertainties and concerns over upcoming domestic policies in the second half of the year, analysts said.

KLCI may test 1,500 support as geopolitical tensions and policy risks keep investors on edge — analysts

&nbsp;Financial markets look set to reopen Monday with investors squarely focused on escalating geopolitical tensions as Israel and Iran continue to bombard each other with no sign of a pause.

Israel on Sunday reported new missile attacks from Iran, and said it was carrying out simultaneous strikes on Tehran, as the two countries faced off for a third day in what is fast becoming the longtime adversaries’ most serious entanglement yet.&nbsp;

Mounting Israel-Iran conflict amps up geopolitical market risks

The 5% sales and service tax (SST) on raw materials could have adverse effects on the domestic rubber ecosystem, said the Malaysian Rubber Glove Manufacturers Association (Margma), which urged the government to defer the tax imposition.

KUALA LUMPUR (June 16): Local institutions continued their buying activities for the fourth consecutive week, with net inflows amounting to RM620.6 million, said&nbsp;MIDF Amanah Investment Bank Bhd.

MIDF: Local institutions extended buying streak with RM620.6m inflows last week

KUALA LUMPUR (June 16): Prime Minister Datuk Seri Anwar Ibrahim said there are no immediate plans to restructure the Ministry of Economy, following the unexpected resignation of Datuk Seri Rafizi Ramli as its minister.

KUALA LUMPUR (June 16): OCBC Bank (Malaysia) Bhd&nbsp;has extended RM351 million in financing to See Hong Chen Group and EXSIM, to support three strategic real estate developments in the Johor-Singapore Special Economic Zone (JS-SEZ).

TOKYO (June 16): Oil prices climbed on Monday, extending Friday's rally, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region, and significantly disrupt oil exports from the Middle East.

Oil prices firm as intensifying Israel-Iran conflict stokes supply disruption fears

More than six weeks after Datin Seri Pamela Ling Yueh went missing, her family says the police have not given them any updates. Their lawyer, Sangeet Kaur Deo, questioned whether the police are taking the investigation seriously, stating that despite inquiries, the police still have no leads on her disappearance or abduction.

Six weeks on, no leads in Pamela Ling's case; lawyer accuses police of inaction

Former prime minister Tan Sri Muhyiddin Yassin’s abuse of power and money-laundering case linked to the Jana Wibawa project will now be heard in the High Court.

SYDNEY (June 16): Asian markets kept their nerve on Monday and oil prices climbed anew, as the conflict between&nbsp;Israel and Iran&nbsp;showed no sign of cooling, adding geopolitical uncertainty to the world's economic troubles in a week packed with central bank meetings.

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