Former deputy prime minister Datuk Seri Dr Ahmad Zahid Hamidi says he is grateful for his acquittal in the VLN case after having been “humiliated and stripped” in the court of public opinion. </div><div class=inPageAd id=div-gpt-ad-inpage>

NEWS: Zahid grateful for acquittal in VLN case

The Transport Ministry (MOT) maintains a no-compromise and zero-tolerance approach to integrity issues involving enforcement officers under its jurisdiction, its minister Anthony Loke said.

He said integrity issues are a significant challenge currently faced by the ministry.

MOT adopts zero-tolerance policy on integrity issues, says Loke

IT services provider Infomina Bhd (KL:INFOM) said it has secured a purchase order worth US$2.9 million (RM13 million) to provide technology application and infrastructure operations to a Hong Kong-based technology firm.  

The order, accepted through its wholly-owned subsidiary Infomina Pte Ltd (Infomina SG), was issued by PCCW Solutions Ltd for its entity, Hong Kong Telecommunications (HKT) Ltd, according to the company’s filing with Bursa Malaysia on Monday.

Infomina secures technology services order from Hong Kong-based firm

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

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

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

The Ministry of Science, Technology and Innovation (Mosti) is in discussions with the Ministry of Investment, Trade and Industry (Miti) and other ministries to prepare for any potential development following reports that the United States is considering further export restrictions on artificial intelligence (AI) chips.

Mosti Minister Chang Lih Kang acknowledged that the potential impact could be significant for Malaysia but clarified that the reports are still unconfirmed.

Mosti, Miti discuss ways to address possible AI chip export restrictions

The Islamic digital bank consortium led by KAF Investment Bank Bhd (KAF IB) has received approval from Bank Negara Malaysia (BNM) and the Ministry of Finance (MOF) to commence operations, effective from Dec 20, 2024.

KAF Digital Bank gets regulatory green light to commence operations

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?

Asean must strengthen its global leadership on sustainability to further advance the Asean Community Vision 2045 agenda which is expected to be finalised during Malaysia’s Asean chairmanship this year.

Asean Secretary General Dr Kao Kim Hourn said that partnerships with the United Nations (UN) and the alignment of Asean Community Vision 2045 with the UN 2030 Agenda for Sustainable Development are key examples of Asean’s leadership.

Asean must strengthen sustainability to further advance Asean Community Vision 2045

A summary of how key Bursa Malaysia indices and the ringgit performed on Monday.

FBM KLCI falls 1.05% to 1,585.59 on Jan 13, 2025

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

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

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.

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

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

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

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

KUALA LUMPUR (Jan 13): Tun Dr Mahathir Mohamad failed in his judicial review application to challenge the Pulau Batu Puteh Royal Commission of Inquiry’s decision not to allow the presence of his lawyers during the proceedings.

Court dismisses Dr M’s bid to challenge decision to not allow his lawyers to be at Batu Puteh RCI

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'

(Jan 13): The UK is planning special districts for constructing data centres and will explore dedicating nuclear energy to the sites as part of a Labour government project to boost technology growth and the ecosystem for artificial intelligence (AI).

UK will explore nuclear power for new AI data centre plan

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

DATA centres (DCs), which have grown in importance in the age of digitalisation, took centre stage in 2024 owing to the massive foreign direct investments (FDI) into the sector and Putrajaya’s recent approval of a total DC capacity of 4gw, making Malaysia a “DC powerhouse” in the region and a pro...

Stories Of The Year: Can Malaysia capitalise on its data centre ambitions?

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

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

Al-Salam Real Estate Investment Trust (KL:ALSREIT) will see “significant” rental growth from this year onwards thanks to higher occupancy at its most valuable property, BIMB Securities said.

Al-Salam REIT to see significant rental growth in 2025 onwards, BIMB says in starting coverage with 'buy' call

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.

Thai Cabinet approves draft casino bill in boost for tourism

SINGAPORE/BANGALORE (Jan 13):&nbsp;Oil prices extended gains for a third session on Monday, with Brent rising above US$80 (RM360.63) a barrel to its highest in more than four months, as wider US sanctions are expected to affect Russian crude exports to top buyers China and India.

Oil jumps as new US sanctions to curb Russian supply to China, India

For years it’s seemed like nothing could stop the stock market’s inexorable march higher, as the S&amp;P 500 Index soared more than 50% from the start of 2023 to the end of 2024, adding US$18 trillion (RM81.16 trillion) in value in the process. Now, however, Wall Street is seeing what can ultimately derail this rally: treasury yields above 5%.