The sales numbers were expected, but the most amazing thing to us was how Alibaba processed so many payments in a single day, says Jacques Penhirin, partner at Oliver Wyman.</div><div class=inPageAd id=div-gpt-ad-inpage>

Alibaba discounts were the main reasons to buy, expert says

The People's Income Initiative (IPR) project that seeks to boost the income of the poor will continue in the 13th Malaysia Plan (13MP), said Economy Minister Rafizi Ramli.

People’s Income Initiative to continue under 13MP, says Rafizi

Oilfield services provider Deleum Bhd (KL:DELEUM) on Monday reported that its third quarter net profit has more than doubled as it recorded higher revenue, with increased contribution from both its power and machinery, as well as oilfield integrated services (OIS) segments, with a higher net foreign exchange (forex) gain.

Deleum's 3Q profit doubles to RM25m

Apple Inc chief executive officer Tim Cook joined more than 20 corporate leaders in discussions with China’s premier on Monday, as global companies grapple with potential trade disruptions and economic uncertainty.

Apple’s Cook at CEO summit with Chinese premier as economy sags, Bloomberg reports

Some 647.13 million shares in Affin Bank Bhd (KL:AFFIN) representing a 26.96% stake were traded off-market on Monday.

Bloomberg data showed that the shares were sold in eight tranches for RM1.78 billion. The blocks of shares were transacted between RM2.46 and RM2.84 per share, representing a discount of between 17% and 4.05% over Affin Bank’s last closing price of RM2.96 in the open market on Monday.

Affin Bank sees 27% stake traded at a discount in off-market deals valued at RM1.78 bil

Macy’s said it would delay the release of its third-quarter earnings after an investigation revealed an employee hid tens of millions of dollars of expenses.

Macy’s delays earnings after employee hid millions in expenses

Germany’s Social Democrats backed Chancellor Olaf Scholz as their lead candidate for February’s snap election, as they look to erase a big deficit in the polls.

Germany's Scholz gets backing of party leadership for re-election bid

(Nov 25): Lawmakers in the US House of Representatives have asked Treasury Secretary Janet Yellen to rethink ties with Hong Kong's banking sector, the Wall Street Journal reported on Monday.

Hong Kong has turned into a hub for many violations of US trade controls, including expor...

US lawmakers say Hong Kong is becoming hub for financial crime — report

HSBC Holdings plc’s asset management arm is launching a new venture debt strategy, seeking to further diversify its offerings in the rapidly expanding US$1.60 trillion (RM7.14 trillion) private credit market.

HSBC’s asset management arm starts venture debt strategy

French oil major TotalEnergies halted on Monday investments into Adani Group, after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multi-million-dollar bribery scheme.

TotalEnergies pauses funding for Adani Group after bribery charges

Japan’s top financial firms are working hard to earn fees in what could be the biggest-ever buyout deal.

Itochu Corp has tapped Daiwa Securities Group Inc and the founding Ito family has hired SMBC Nikko Securities Inc as financial advisers for their ¥9 trillion (US$58.4 billion or RM259.62 billion) proposal to take Seven & i Holdings Co private, people with knowledge of the matter said.

Nomura, Daiwa, other advisers won coveted Seven & i buyout roles — Bloomberg

EXPECTATIONS have built up on the Employees Provident Fund (EPF) to not only beat last year’s payout but also declare a dividend of close to 6% for 2024. This follows three successive double-digit year-on-year percentage headline outperformance indicated in all three quarterly income reports rele...

EPF’s 2024 shariah dividend may exceed 6%, beat conventional savings

Chemical management and storage company TMK Chemical Bhd has unveiled the prospectus for its Main Market initial public offering (IPO) to raise some RM385 million, as part of its plan for the expansion of its plant, construction of new facilities and acquisition.

TMK Chemical unveils prospectus for RM385 mil IPO, priced at RM1.75 apiece

The High Court on Monday has quashed the seizure of Swatch's rainbow-themed ‘Pride collection’ watches, holding that the May 2023 move was made before confiscation notices were issued and without any warrant.

High Court quashes Swatch seizure by Home Ministry

The sharp rebuke that the Gambling Regulatory Authority (GRA) of Singapore delivered to Resorts World Sentosa Pte Ltd (RWS) for an “unsatisfactory performance” in relation to its integrated resort (IR) comes as a surprise, considering that RWS has committed to investing billions in its facility there.

Frankly Speaking: Genting’s challenge in Singapore involves more than gaming

IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based construction firm JRL Group, according to multiple news reports.

IJM Corp said to buy 50% stake in troubled UK construction firm JRL

The Indonesian sister company of Mr DIY Group (M) Bhd (KL:MRDIY) will list shares in Jakarta through an initial public offering (IPO) that seeks to raise as much as 4.7 trillion rupiah (US$297 million or RM1.32 billion), in what would be the nation’s biggest listing in more than a year.

Mr DIY's Indonesian business plans IPO to raise up to US$297 mil

Ambulatory eyecare centre TopVision Eye Specialist Bhd (KL:TOPVISN) aims to raise RM17.89 million with its initial public offering (IPO) at 33 sen per share, in conjunction with its transfer from the LEAP Market to the ACE Market of Bursa Malaysia.

TopVision Eye Specialist sets IPO price at 33 sen to raise RM17.9m in conjunction with ACE Market transfer

SARAWAK is expected to announce by the end of the month plans for the development of a deep-sea port with liquefied natural gas (LNG) facilities. The port is estimated to cost between RM25 billion and RM30 billion and will be located off the coast of Kuching.&nbsp;

Currently, details ab...

Sarawak to unveil plans for a RM30 bil deep-sea port off the coast of Kuching

The federal government may consider "other proposals" after facing pushback from highway concessionaires on the implementation of the multi-lane free flow (MLFF) system.

Govt may explore alternatives as concessionaires push back on RM3.5b barrierless toll system

CGS International expects Affin Bank Bhd's (KL:AFFIN) net profit for the fourth quarter ending Dec 31, 2024 (4QFY2024) to come in lower on a quarterly basis, as it does not expect the bank to see a high write-back in loan loss provision.

Affin's 4Q earnings to decline q-o-q on absence of high loan loss provision write-back — CGS

The High Court on Monday dismissed former prime minister Datuk Seri Najib Razak's application to "permanently stay" the criminal trial regarding International Petroleum Investment Co (IPIC).

Court rejects Najib's application for permanent stay in IPIC trial

Local institutions were the primary supporters of Bursa Malaysia for the fifth consecutive week, recording a net inflow of RM250.6 million last week, up from RM207.7 million in the previous week.

In its fund flow report for the week ending Nov 22, MIDF Amanah Investment Bank Bhd (MIDF) noted that while there was a net outflow of RM19.6 million from local institutions on Tuesday, the inflows on other days of the week more than offset this decline.

Bursa boosted by RM250.6 mil investments from local institutions last week

The submission of the Real Property Gains Tax (RPGT) Form electronically via e-CKHT on the MyTax portal will be mandatory starting Jan 1, 2025.

Submission of real property gains tax form must be made via e-CKHT on MyTax portal from January 2025 — IRB

Shares of Mi Technovation Bhd (KL:MI) extended their rally into the third straight day on Monday, after the semiconductor company reported better-than-expected results.

Mi Technovation shares extend rally as results beat estimates

Malaysia's hiring outlook continues to see some mismatch in benefits expectations between organisations and professionals going into 2025, which forms roadblocks for&nbsp;organisations looking for the right talent, a survey showed.&nbsp;

Talent search challenged by salary demand, rising competition in Malaysia, survey shows

Gamuda Bhd (KL:GAMUDA), whose share price has more than doubled year-to-date (YTD), is among companies analysts are expect to be included in the FTSE Bursa Malaysia KLCI following the index’s semi-annual review.

99 Speed Mart likely to be included into FBM KLCI, Gamuda almost certain

PUTRAJAYA (Nov 25): The Court of Appeal (COA) here on Monday allowed the liquidator of Crest Worldwide Resources Sdn Bhd to adduce fresh evidence in SKN Land &amp; Development Sdn Bhd’s (SKN L&amp;D) appeal against the High Court’s decision to dismiss an application to terminate Crest’s winding-u...

COA allows admission of RM525m property sale evidence in Crest winding-up termination appeal

TMK Chemical Bhd, set to list on Bursa Malaysia's Main Market in December,&nbsp;plans to double its annual manufacturing capacity, with its second plant funded by the initial public offering (IPO) proceeds.

TMK Chemical to double capacity with new plant funded by IPO proceeds

Parties will submit further on Wednesday (Nov 27) on whether former prime minister Datuk Seri Najib Razak and former Treasury secretary general Tan Sri Mohd Irwan Serigar Abdullah should be granted a discharge not amounting to an acquittal (DNAA) in their criminal trial regarding International Petroleum Investment Co (IPIC).

Will Najib and Irwan get their IPIC-linked charges dropped? Lawyers to argue further on Wednesday

Malaysia must strengthen its collaboration&nbsp;with other countries to mitigate the risks posed by a fragmented global supply chain, especially amid escalating US-China trade tensions, following Donald Trump’s return to the US presidency, Deputy Investment, Trade and Industry Minister Liew Chin Tong said on Monday.