Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.

Bursa, Affin, Johor Plantations, Ranhill, Taliworks, CPE Tech, KAB, TCS, MCE, PeterLabs, Sarawak Cable, Euro Holdings

Prime Minister Datuk Seri Anwar Ibrahim said Malaysia’s hosting of the Langkawi International Maritime and Aerospace Exhibition 2025 (LIMA’25) reflects the nation’s strong commitment to defence preparedness, regional peace and strategic collaboration amid rapidly evolving global security challenges.

LIMA’25 underscores Malaysia’s commitment to defence readiness, regional peace — Anwar

Selangor police have confirmed that the claims made in a news report by an online portal entitled "Police interview Pamela Ling’s children and family friend in death investigation", which went viral on social media, are false.

Police dismiss viral news report on Pamela Ling’s death as false

VSTECS Bhd (KL:VSTECS), via its unit VSTECS Pericomp Sdn Bhd, has signed a memorandum of collaboration with Skyvast Data Sdn Bhd to jointly distribute and commercialise artificial intelligence (AI) chip solutions in Malaysia.

VSTECS to commercialise AI and GPU solutions with partner Skyvast

Bursa Malaysia (KL:BURSA) said the affected securities and proceeds from unauthorised trades on April 24 will be “released” following post-trade action on Tuesday (May 20).

Bursa says unauthorised trades that affected 80 accounts on April 24 will be reversed

The location of the Langkawi International Maritime and Aerospace Exhibition (LIMA) here will be expanded to accommodate more participation from international companies.

Anwar says LIMA exhibition location in Langkawi to be expanded

Exsim Hospitality Bhd (KL:EXSIMHB), formerly known as Pan Malaysia Holdings Bhd, has returned to the black in its third quarter, thanks to a new segment’s contribution.

Exsim Hospitality returns to black on new segment contribution

Parti Keadilan Rakyat (PKR) president Datuk Seri Anwar Ibrahim reminded members to not harbour enmity despite the intense competition or differences of opinion during the party's election.

PKR election: Anwar reminds members to not harbour enmity during party's election

European aircraft manufacturer Airbus sees significant potential for the A220 in Malaysia, as it describes the plane as the perfect feeder aircraft on regional services.

Airbus sees potential demand for A220 aircraft from local operators 

Engineering precision parts maker CPE Technology Bhd (KL:CPETECH) posted a 71.2% year-on-year rise in net profit for the third quarter, underpinned by higher demand from the semiconductor industry.

CPE Tech 3Q profit up 71.2% on higher semicon industry demand

Bina Darulaman Bhd (KL:BDB), the Kedah government’s investment holding company, has secured RM100 million in banking facilities from Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) to fund a township project in the state.

Bina Darulaman secures RM100m banking facilities for affordable township project

The special task force formed to investigate the fatal crash that killed nine Federal Reserve Unit (FRU) personnel in Teluk Intan, Perak, has been given 30 days from May 15 to submit a preliminary report to the Ministry of Transport (MOT).

Special task force given 30 days to submit preliminary report on FRU crash

Theta Edge Bhd’s (KL:THETA) former director Zainal ‘Abidin Abd Jalil has ceased to be a substantial shareholder following a 2.54% stake disposal for RM3.15 million.

Theta Edge’s ex-director Zainal ‘Abidin pares stake below 5% as placement falls through

All federal and state agencies, statutory bodies and 1,875 government-linked companies (GLCs) flagged in the Auditor-General’s Report for public fund leakages must return the misappropriated funds.

Govt agencies, GLCs must return misused public funds, says Auditor-General

US President Donald Trump began a phone call with Russian counterpart Vladimir Putin on Monday, aiming to secure a ceasefire in the war in Ukraine that Moscow has shown no sign of accepting.

Trump call with Putin underway as US seeks ceasefire in Ukraine

China on Monday urged the United States to "immediately correct its wrongdoings" and stop "discriminatory" measures after the US issued guidance warning companies not to use advanced computer chips from China, including Huawei's Ascend AI chips.

China urges US to correct 'wrongdoings' on AI chip curb

New York Federal Reserve president John Williams acknowledged on Monday that investors are taking a look at how they invest in US assets while noting he's seen no large-scale move away from the nation, adding that the US central bank can take its time before deciding its next interest rate move.

Fed's Williams says he has not seen any big move out of US assets, monetary policy in good place

Nippon Steel plans to invest US$14 billion (RM60.1 billion) in US Steel's operations including up to US$4 billion in a new steel mill if the Trump administration green lights its bid for the iconic US company, according to a document and two people familiar with the matter.

Nippon Steel to invest US$4b for new US Steel mill in US$14b package, document says

China's major state banks will cut their deposit rates from Tuesday, three people with knowledge of the matter said, easing pressure on profitability as China reduces lending rates to boost a slowing economy.

China's state banks will cut deposit rates on Tuesday — Reuters

THE government is going ahead with plans to extend the East Coast Rail Link (ECRL) to connect directly to Westports and Northport in Port Klang. The tender for the extension is currently underway, sources say.

Also known as the spur line, the extension to connect the ECRL’s Jalan Kastam...

RM2 bil ECRL-Port Klang link tender underway

KUALA LUMPUR (May 19): Sime Darby Property Bhd (KL:SIMEPROP) has achieved a 100% take-up rate for all 192 units of The Nine, Elmina Green, during its official launch on April 19, the developer shared in a press statement on Monday.

All 192 units of Sime Darby Property’s The Nine fully taken up at its April 19 launch

Six major local and international banks have signed letters of intent (LOIs) with the Ministry of Economy to help bring in investments to the Johor-Singapore Special Economic Zone (JS-SEZ), with RM2.35 billion in investment interest already secured.

Economy Ministry partners with six local and international banks to boost JS-SEZ, securing RM2.35b so far

Affin Bank Bhd (KL:AFFIN) reported a 12.6% jump in net profit for the first quarter ended March 31, 2025, on higher net income of RM39.4 million and share of results from its associates of RM21 million.

Affin Bank’s 1Q net profit up almost 13% on higher net income and share of results from associates

Chengco PLT has resigned as Euro Holdings Bhd's (KL:EURO) auditor due to the suspension of the audit firm's registration by the Audit Oversight Board (AOB) of the Securities Commission Malaysia.

Euro Holdings' auditor resigns on suspension by Securities Commission

Six highways and 25 main&nbsp;roads around the Klang Valley will be closed in stages from Friday (May 23) to May 28, in conjunction with the Asean Summit, to ensure smooth traffic flow.

Six highways, 25 main roads in Klang Valley to be closed for Asean Summit

Nvidia Corp CEO and co-founder Jensen Huang told attendees at Asia’s largest technology show that the company is no longer just a technology firm but an AI infrastructure company.

Jensen Huang: Nvidia is no longer just a tech firm — it’s an AI infrastructure company

Economy Minister Datuk Seri Mohd Rafizi Ramli said on Monday that the decision regarding the rationalisation of RON95 fuel subsidies now rests fully with the Ministry of Finance (MOF), after several rounds of deliberation at the Cabinet level.

MOF to decide on RON95 subsidy rationalisation, says Rafizi

Bursa Malaysia (KL:BURSA) said the affected securities and proceeds from unauthorised trades on April 24 will be “released” following post-trade action on Tuesday (May 20).

The zero-tax incentive for single-family offices (SFOs) in Forest City could be gazetted by the Ministry of Finance as early as this Thursday, according to the Securities Commission of Malaysia (SC).

Forest City's zero-tax incentive for single-family offices could be gazetted by Thursday — SC representative

In under four years, Seres Group Co, a small Chinese automaker once best known for its RMB30,000 (RM17,938.83) minivans, has beaten luxury legacy names like BMW and Mercedes to become the nation’s hottest high-end car seller.

Chinese luxury carmaker Seres comes from behind to overtake BMW

Kinergy Advancement Bhd’s (KL:KAB) unincorporated joint venture with Sinohydro Corporation (M) Sdn Bhd has secured a RM646.3 million engineering, procurement, construction and commissioning (EPCC) contract to build a 120 megawatt (MW) power plant facility in Labuan.

KAB-Sinohydro JV secures RM646.3m EPCC contract to build 120MW power plant in Labuan

Malaysia’s electrical and electronics sector is said to position&nbsp;the nation to lead the electric vehicle (EV) and battery component manufacturing sector to support growing demands of the regional mobility ecosystem in Asean.

Malaysia poised to lead EV battery manufacturing sector in Asean, says MARii

Longer-dated Treasury yields rose to the psychological 5% level and S&amp;P 500 Index futures slid with the dollar after a downgrade of the US’s credit score by Moody’s Ratings increased concerns over the nation’s debt.

‘Sell America’ is back as Moody’s pushes 30-year yield to 5%

Kenanga Research noted Sarawak's gradual transition from a state-led model to a private sector-driven economy may include the listing of assets under the Sarawak Economic Development Corporation (SEDC).

Sarawak’s shift to private sector-driven economy may include listing of assets under SEDC — Kenanga

The Accountant General’s Department of Malaysia (AGD) has uncovered a case of financial fraud involving a federal department, resulting in losses of amounting to RM10.4 million.

RM10.4m fraud involving civil servants uncovered at federal department

TAIPEI, Taiwan (May 19): Nvidia Corp and Hon Hai Precision Industry Co Ltd, better known as Foxconn, are partnering with the Taiwanese government to build a powerful artificial intelligence (AI) factory supercomputer in Taiwan — the first of its kind for the island state.&nbsp;

Nvidia to build an AI factory supercomputer for Taiwan

Most emerging Asia stock markets tumbled on Monday, led by Taiwan, Malaysia and South Korea, as underwhelming economic data from China and a downgrade of United States' credit rating dented sentiment.

Taiwan, Malaysia equities lead losses; Asian FX mixed against soft dollar

Malayan Flour Mills Bhd (KL:MFLOUR) remains optimistic about the long-term prospects of its Indonesian joint venture despite the operation recording its third straight year of losses.

Malayan Flour Mills positive on Indonesian JV as losses narrow

British chip architect Arm Holdings plc, backed by Japan’s SoftBank Group Corp, believes artificial intelligence (AI) is a bigger technological shift than the internet or the smartphone.

Malaysia

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