The Semiconductor Industry Association (SIA) and Nvidia Corp, two prominent voices in the global chip industry, have criticised the US government’s new export curbs on artificial intelligence (AI) chips.

Semiconductor Industry Association and Nvidia slam Biden administration’ new export controls on AI chips

BENGALURU (Jan 13): India's Pixxel is set to launch three of its six hyperspectral imaging satellites aboard a SpaceX rocket from California on Tuesday, the first such network in the country's nascent private space sector, Pixxel's chief told Reuters.

The satellites will be pla...

Pixxel to launch India’s first private satellite network, eyes US$19 bil market

Apple Inc will defend allegations that it made “exorbitant profits” by using its App Store to abuse its dominant market position in the first UK class action trial against a Big Tech firm.

The suit at London’s Competition Appeal Tribunal started on Monday alleging that millions of “captive” iPhone and iPad users paid the price for excessively high commission charged by Apple for purchases made on its App Store. Apple is contesting the allegations.

Apple faces claims of making ‘exorbitant profits’ in UK trial

Bank of India said it is marketing its first dollar syndicated loan since 2012 of as much as US$400 million (RM1.8 billion). That comes at a time when more Indian borrowers are tapping global credit markets.

Bank of India seeks first dollar loan in more than a decade

Thailand said foreign and domestic companies pledged to invest 1.14 trillion baht (US$33 billion or RM147.8 billion) last year, as the Southeast Asian nation emerged as a hot destination for data centres, cloud services and advanced electronics manufacturing.

Thailand says investment plans hit decade-high US$33b last year

apan, the Philippines and the US vowed to further deepen cooperation under a trilateral arrangement in the face of rising tensions in Asia's waters, the three countries said following a call among their leaders.

Japanese Prime Minister Shigeru Ishiba, Philippine President Ferdinand Marcos Jr and outgoing US President Joe Biden met virtually on Monday morning Asian time.

Japan, Philippines, US vow to deepen cooperation in face of China's behaviour

Singapore Post's (SingPost) former group chief executive Vincent Phang has resigned as the company’s non-executive, non-independent director, according to a bourse filing by the company on Monday.

SingPost's ex-CEO Vincent Phang resigns from board

The feared hit to Indian brick-and-mortar grocers from ultra-fast delivery platforms is already materialising, with earnings at one of the country’s largest discount supermarket chains disappointing for a ninth straight quarter.

DMart hit as Indian grocers face risks from rapid delivery apps

US President-elect Donald Trump and Russian President Vladimir Putin are expected to have a call in the coming days or weeks, and it is unrealistic to aim to expel Russian soldiers from every inch of Ukrainian territory, a top Trump adviser said.

Trump call with Putin expected soon, Trump adviser says

The recent high-profile kidnapping of a Chinese actor in Thailand has dented the country’s appeal among tourists just weeks before China’s biggest annual holiday.

Chinese travellers shun Thailand after actor’s abduction

Traders in the options market are preparing for the pound to tumble as much as 8% more as fiscal woes that prompted a painful selloff across UK markets last week weigh on the currency.

Pound traders are ready for another 8% slump after selloff

(Jan 13): Citigroup has appointed Jeff Wu as head of markets sales for China, effective immediately, aiming to unify its sales efforts across all of its market products in the country, according to an internal memo seen by Reuters on Monday.

Citigroup names Jeff Wu as China markets sales head

Pakistan is preparing to debut yuan-denominated bonds this year to shore up finances, its finance minister said, while the government remains optimistic of meeting the International Monetary Fund’s bailout loan terms.

Pakistan makes progress on first Panda bonds, finance chief says

Global stocks fell on Monday, while the dollar hit 26-month peaks following a bumper US jobs report that prompted investors to question if interest rates will fall at all this year, just as earnings season is about to get underway.

Stocks tumble as traders cast doubt on 2025 rate cut

The Malaysia Digital Economy Corporation (MDEC) has embarked on an initiative to accelerate small and medium-sized enterprises' (SMEs) digital transformation nationwide, starting with the northern state of Penang.

MDEC launches initiative to speed up SME digital transformation across Malaysia

Malaysia is keen to position Pakistan as a strategic distribution hub for palm oil exports to Central Asia, capitalising on the country's strategic location and its proximity to emerging high-growth markets, the Malaysian Palm Oil Board (MPOB) said.

Malaysia to position Pakistan as palm oil hub for Central Asia — MPOB

Minister in the Prime Minister’s Department (Religious Affairs) Datuk Dr Mohd Na’im Mokhtar has instructed the Department of Islamic Development Malaysia (Jakim) to collaborate with the Ministry of Domestic Trade and Cost of Living (KPDN) to enforce actions and prosecute those misusing the halal logo.

Jakim directed to collaborate with KPDN to take action against misuse of halal logo

Selgate Corp Sdn Bhd, through its healthcare arm, Selgate Healthcare Sdn Bhd, has signed a Memorandum of Understanding (MOU) with MTT Properties and Development Sdn Bhd to build a private specialist hospital in Balik Pulau, Penang.

Selgate Corp group chief executive officer Datuk Noor Hisham Mohd Ghouth said the Selgate Specialist Hospital Pulau Pinang is targeted to be ready by 2028 and would add about 172 beds and offer 31 specialities to its healthcare operations.

Selgate, MTT to develop Balik Pulau's maiden private specialist hospital

Cheeding Holdings Bhd, the utilities engineering solutions provider, is looking to raise capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia to repay bank borrowings, raise capital for capital expenditure and to be used for performance bonds for future projects.

Cheeding Holdings files draft prospectus for ACE Market listing

Logistics service provider Xin Hwa Holdings Bhd's (KL:XINHWA) cargo transport unit has resumed normal operations after the suspension of its goods vehicle operator licence, which was in place for over two months since November last year, was lifted.  

The company’s wholly owned Xin Hwa Trading & Transport Sdn Bhd (XHTT) is now fully operational under its reinstated licence, Xin Hwa said in a filing with Bursa Malaysia on Monday.

Xin Hwa’s cargo transport unit resumes ops after two-month suspension

A1 AK Koh Group Bhd, the Johor-based processed food and beverage (F&B) manufacturer best known for its premix soup spices or meat ribs soup, is looking to raise fresh capital from a planned initial public offering (IPO) on the ACE Market of Bursa Malaysia.

Premix soup maker A1 AK Koh Group files draft prospectus for ACE Market listing

Solarvest Holdings Bhd (KL:SLVEST)  is acquiring three plots of land in Kedah for RM19.99 million cash to secure strategic land for renewable energy asset development projects.

The solar photovoltaic provider's subsidiary Atlantic Blue Sdn Bhd has entered into two separate sale and purchase agreements with Aziho Trading Sdn Bhd to purchase the plots measuring 48.86ha in total in Mukim Gurun in Kuala Muda.

Solarvest buys land for RE projects in Kedah for RM19.9 mil

Prospect Medical Holdings Inc, once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.

Private hospital owner Prospect Medical files for bankruptcy

Gamuda Bhd (KL:GAMUDA) said its consortium has been appointed as the main contractor to deliver the first civil works package worth over RM8 billion for the Penang Light Rail Transit (LRT) project.

Gamuda gets first package worth over RM8 bil of Penang LRT project

Malaysian stocks were broadly lower on Monday led by construction and property companies, while the country’s benchmark index fell to a five-month low.

Investors in Asia reacted poorly to the latest jobs data in the US that pointed to a robust economy, threatening the prospects of rate cuts by the Federal Reserve. The ringgit also depreciated along with other emerging Asian currencies under pressure from a strengthening US dollar.

Malaysian stocks broadly lower as KLCI falls to five-month low, ringgit weakens

City Motors Group has officially opened its 42-storey Alfa Bangsar mixed-use development located at the intersection of Jalan Maarof and Jalan Tandok in Bangsar, Kuala Lumpur, last Friday (Jan 10).

City Motors Group officially opens Alfa Bangsar and Holiday Inn Kuala Lumpur Bangsar

The government on Monday wants to apply for a gag and prohibitive order to refrain the public from discussing issues pertaining to a purported addendum allowing former prime minister Datuk Seri Najib Razak to serve the remainder of his prison sentence under house arrest, as it involves sensitive matters.

Govt wants gag order on addendum

CAPE EMS Bhd (KL:CEB), which started its Bursa Malaysia journey on a high note in 2023, has found itself in the midst of a corporate storm this year.

A sequence of financial missteps, margin calls and declining investor confidence has left the electronics manufacturing services (EMS) pr...

Turkeys Of The Year: Cape EMS’ dramatic fall from grace

The Joe Biden administration's plans to introduce new export restrictions on artificial intelligence (AI) chips under a three-tiered system by country have sparked concerns in Malaysia.

How will restricted AI chip access impact Malaysia?

Europe’s largest pension fund sold its entire €571 million (US$585 million or RM2.63 billion) stake in Tesla Inc&nbsp;in the third quarter, partly due to disagreement with Elon Musk’s remuneration package.

Europe’s largest pension fund sold Tesla stake over Musk’s pay

Allianz Malaysia Bhd’s (KL:ALLIANZ) earnings outlook is clouded by uncertainties over future premium increases, Maybank Investment Bank said and downgraded the country’s largest general insurer.

Allianz Malaysia's earnings outlook clouded by premium uncertainties, Maybank says in downgrade to 'hold'

KUALA LUMPUR (Jan 13): Rising production and delays in implementing biodiesel mandates in Indonesia may weaken palm oil prices beyond the first quarter of 2025, even as latest data show a 19-month low stockpile, analysts say.

Rising production, Indonesia’s biodiesel delays likely to weaken CPO prices — analysts

YTL Power International Bhd (KL:YTLPOWR), which is in the midst of setting up its own artificial intelligence (AI) data centres using the latest chips by US chip giant Nvidia Corp, does not expect to be impacted by the proposed US rules on advanced chip&nbsp;exports into countries like Malaysia.

YTL Power ‘confident’ not affected by potential US chip export curbs amid Nvidia partnership

Bursa Malaysia Bhd (KL:BURSA) has introduced a new renewable energy (RE) subsector within its energy and utilities sector classification. This move aims to provide more focused classification for public listed companies (PLCs) operating in the RE space.

The new RE classification includes PLCs involved in providing equipment and services for RE production, as well as those producing or distributing electricity through RE sources.&nbsp;

Bursa reclassifies 13 companies as it introduces new renewable energy subsector

Local institutions supported Bursa Malaysia for the 12th consecutive week, with net purchases of RM281.9 million, according to MIDF Amanah Investment Bank Bhd.

MIDF: Local institutions back Bursa Malaysia for 12th straight week

Former 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy told the High Court on Monday that there was no merit to the allegations made by his former company, that he had failed to inquire, investigate or ascertain, and recover the investments the company had lost.

Testifying in his defence to 1MDB’s US$6.59 billion suit against him and former Treasury secretary-general and former 1MDB board of advisors chairman Tan Sri Mohd Irwan Serigar Abdullah, before judge Datuk Raja Ahmad Mohzanuddin Raja Mohzan, Arul Kanda also disagreed that he had acted against 1MDB’s interests.

Arul Kanda: 1MDB loss inquiry was not my job

KUALA LUMPUR (Jan 13): Former prime minister Datuk Seri Najib Razak said that he returned the purported Arab donation, because the 13th general elections were over and he didn’t need a large sum of money.

1MDB-Tanore: Najib says GE13 over, no need for such large sum, returned monies

Eden Inc Bhd (KL:EDEN) said on Monday that it has been selected to develop a 29.99-megawatt (MW) large-scale solar photovoltaic plant in Gebeng, Kuantan.

Eden picked to develop 29.99MW solar plant in Kuantan

Energy infrastructure firm Yinson Holdings Bhd (KL:YINSON)&nbsp;is close to signing up investors for a funding round in its unit that makes equipment used by the offshore oil and gas industry, according to people with knowledge of the matter.

Yinson close to deal with investors including Abu Dhabi for US$1b funding — Bloomberg

Malaysia’s wholesale and retail trade growth decelerated to 4.7% year-on-year in November, largely driven by sales in non-specialised and specialised stores, official data on Monday showed.

Malaysia's wholesale and retail trade growth slows in November, official data show

The Malaysian ringgit could face downward pressure due to the possibility of new US tariffs on China and uncertainties over the direction of the US Federal Reserve's (Fed) terminal rate, economists cautioned.

US interest rate cut uncertainty, China tariffs pose risks to ringgit — economists

Thailand’s Cabinet approved in principle a bill seeking to legalise casinos, with the government pitching the initiative as a major step to boost tourism and tackle rampant illegal gambling in the Southeast Asian nation.

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