SEOUL (Jan 27): Both engines of the Jeju Air plane that crashed last month contained duck remains, according to a preliminary report on Monday, with authorities still trying to determine what caused the deadliest air disaster on South Korean soil.

Duck DNA in both engines of Jeju Air plane that crashed, preliminary report says

The deadline for AirAsia X Bhd’s (KL:AAX) proposed RM6.8 billion acquisition of Capital A Bhd’s (KL:CAPITALA) short-haul aviation business — AirAsia Bhd and AirAsia Aviation Group Ltd — has been extended by two months.

Deadline for AAX takeover of Capital A’s aviation biz extended by two months to March 24

MMAG Holdings Bhd (KL:MMAG) announced on Monday that it is acquiring a second Boeing B737-400SF aircraft from Japan-based JPA No 161 Co Ltd (JPA) for US$6.55 million (RM29.12 million) in cash.

MMAG buys another aircraft from Japan-based JPA for RM29.12m 

SEPANG (Jan 26): The government's decision to extend subsidies to ensure the success of the airfare initiative during festive seasons has helped reduce people's grievances about high airline ticket prices, said Transport Minister Anthony Loke.

Loke said the success was proven after a ye...

Loke says airfares under control thanks to subsidies

South Korea will release by Monday a preliminary report on last month's Jeju Air plane crash that killed 179 people, the deadliest air disaster on the nation's soil, the transport ministry said on Saturday.

South Korea to release preliminary report of Jeju Air crash by Monday

Penang International Airport's (PIA) achievement of becoming Malaysia’s second busiest airport in 2024 is a testament to Penang’s growing role as a key hub for both tourism and business, reflecting the state's strong recovery in the post-pandemic era.

State Tourism and Creative Economy Committee chairman Wong Hon Wai said the growth in PIA’s total passenger volume of 7.47 million last year, which is a 7.07% increase compared with 6.97 million passengers in 2023, aligns with the state government’s significant investments in tourism over the past two years.

Having nation's second busiest airport cements Penang's role as northern aviation hub — exco

After almost two years of suspension, the automated people mover system (aerotrain) at the Kuala Lumpur International Airport (KLIA) is now targeted to resume operations by the second quarter of 2025, subject to the testing and commission progress.

KLIA aerotrain to resume operations by 2Q, says MD of MAHB

Boeing Co reported fourth-quarter revenue that missed analyst estimates after a bruising strike idled most of its commercial aircraft production and limited jet deliveries.

Boeing sales, profit hammered by two-month factory shutdown

The Securities Commission Malaysia (SC) has issued a statement to give the assurance that it is closely monitoring recent takeover activities in the Malaysian market to ensure compliance with relevant regulations, and to safeguard the integrity of the capital market, citing recent interest in such matters.

SC says it is keeping close watch on takeovers amid public interest in MAHB deal

Cathay Pacific Airways Ltd is planning to slash its profit share payout to its workers by almost 50%.

Cathay Pacific to cut profit-share payout to staff by around 50%

Ryanair on Wednesday said it would remove an aircraft from Rome Fiumicino and curb expansion at the Italian capital's second airport due to rising costs and flight restrictions, as the city braces for an influx of additional tourists in a Jubilee year.

Ryanair curbs investment in Rome in Jubilee year due to rising costs

GEORGE TOWN (Jan 22): Penang International Airport recorded 51.43% higher year-on-year tourist arrivals from India in 2024, reflecting the state government's successful tourism strategies in this market.

Penang Int’l Airport records 51.43% higher tourist arrival from India in 2024

Gateway Development Alliance Sdn Bhd (GDA) and its shareholders (the consortium) have refuted any suggestion that the offer for Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) has been undertaken in anything other than full compliance with the Securities Commission Malaysia’s (SC) Rules on Takeovers, Mergers and Compulsory Acquisitions.

GDA says in full compliance with SC rules on MAHB takeover

SINGAPORE (Jan 22): Singapore’s Changi Airport handled 67.7 million passengers in 2024, a 14.8% year-on-year increase, according to the airport operator.

Singapore’s Changi Airport handled 67.7 million passengers in 2024, nears pre-Covid levels 

After a record-breaking 2024, the Malaysian automotive sector is expected to record softer a total industry volume (TIV) this year due to a lack of catalysts to sustain the current elevated sales levels, according to analysts.

Analysts see cooling demand for Malaysia’s auto sector in 2025 after historic sales surge last year 

A US appeals court on Monday threw out consumer protection rules adopted by the Biden administration to ban bait-and-switch tactics and prohibit auto dealers charging for add-on costs that do not benefit new car buyers.

US court throws out Biden-era rules designed to protect car buyers

US stock futures steadied, the dollar ticked higher and tech stocks in Asia slid on Tuesday following a wave of selling as apparent advances by a Chinese AI startup cast doubt on US dominance and spending in one of the market's hottest sectors.

China's AI drive hammers tech stocks

China Vanke Co has been thrown a lifeline by state authorities, a rare show of support that signals the developer may be too big to fail even after dozens of property firms defaulted amid China’s punishing housing slump.

Rare China support shows developer Vanke may be too big to fail

AI proxy stocks on Bursa Malaysia continued to decline after Chinese artificial intelligence startup DeepSeek set off a selling spree in US tech shares.

Malaysian AI proxy stocks continue decline after DeepSeek-led selloff bruises US tech shares

Google Maps will change the name of "Gulf of Mexico" to "Gulf of America" once it is officially updated in the US Geographic Names System, Google said in an X post on Monday.

Google Maps to rename 'Gulf of Mexico' to 'Gulf of America' for US users

President Donald Trump said he would soon impose tariffs on foreign pharmaceuticals, semiconductors and metals, and heralded news of DeepSeek’s apparent progress in artificial intelligence as “a positive,” as he addressed House Republicans on Monday.

Trump vows ‘near future’ tariffs, calls DeepSeek progress ‘good’ 

MORNING CALL: 28/1/25

Investors remain sceptical about the Chinese yuan, fearing the potential for volatility during and after the upcoming one-week trading holiday, despite the country’s apparent reprieve from worse-case US tariffs.

Yuan investors on edge as China’s holiday may spur swings

The dollar strengthened against every major currency after comments on tariffs from US President Donald Trump and Treasury Secretary Scott Bessent bolstered demand for the greenback.

Dollar climbs as Bessent, Trump reignite universal tariff threat

The proxies to artificial intelligence (AI) on Bursa Malaysia are not spared from the global selldown triggered by Chinese AI startup DeepSeek that has prompted investors to rethink the exuberant valuations in the equity markets.

No lucky escape for Bursa AI proxies from DeepSeek-triggered selldown

The world’s 500 richest people, led by Nvidia Corp co-founder Jensen Huang, lost a combined US$108 billion (RM472.8 billion) on Monday as a tech-led selloff tied to Chinese AI developer DeepSeek sent major indices plunging.

World’s richest people lose US$108b after DeepSeek selloff

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

Bursa Malaysia, DXN, AAX, Capital A, Ekovest, Knusford, Prolintas, YNH Property, Crescendo, Icon Offshore, MMAG, Bina Puri, SCIB, Unitrade, Symphony Life, Vizione

Nvidia Corp’s plunge, fuelled by investor concern about Chinese artificial-intelligence (AI) startup DeepSeek, erased a record amount of stock-market value from the world’s largest company.&nbsp;

Nvidia’s US$465b DeepSeek plunge is largest in market history

President Donald Trump said he would soon impose tariffs on foreign pharmaceuticals, semiconductors and metals, and heralded news of DeepSeek’s apparent progress in artificial intelligence as “a positive,” as he addressed House Republicans on Monday.

REDtone Digital Bhd (KL:REDTONE) has been mopping up more shares in Theta Edge Bhd’s (KL:THETA) since July last year, making it the second largest shareholder of the company.

REDtone surfaces as Theta Edge’s second-largest shareholder

Nvidia on Monday said Chinese AI firm DeepSeek's advances show the usefulness of its chips for the Chinese market and that more of its chips will be needed in the future to meet demand for DeepSeek's services.

Nvidia says DeepSeek advances prove need for more of its chips

AI proxy stocks on Bursa Malaysia continued to decline after Chinese artificial intelligence startup DeepSeek set off a selling spree in US tech shares.

US stock futures steadied, the dollar ticked higher and tech stocks in Asia slid on Tuesday following a wave of selling as apparent advances by a Chinese AI startup cast doubt on US dominance and spending in one of the market's hottest sectors.

Cryptocurrency-linked stocks sank on Monday after the success of a low-cost Chinese AI model shook investor confidence, sparking a retreat from risky assets and pummeling shares of companies that were set to benefit from the surge of spending on AI data centres.

Crypto stocks hit as AI plays sink, traders flee risk assets

The median monthly wages in Malaysia's formal sector increased by 5.6% year-on-year to RM2,745 in September 2024, as reported by the Department of Statistics Malaysia (DOSM).

Malaysia’s median monthly wages up 5.6% in September 2024, official data shows

Talk of an artificial-intelligence upstart in China behind a formidable ChatGPT rival had been building for days.

DeepSeek’s overnight fame strains its systems, draws attacks

Google Maps will change the name of "Gulf of Mexico" to "Gulf of America" once it is officially updated in the US Geographic Names System, Google said in an X post on Monday.

Sarawak Consolidated Industries Bhd (KL:SCIB) has denied allegations by Awana JV Suria Saga Sdn Bhd (Awana), the developer of the previously scrapped RM162 million Perak housing project, regarding outstanding debts and demanded the latter to settle the debt promptly.

SCIB denies developer's allegations over debt repayment, demands debt settlement

Co-founder of Cocoaland Holdings Bhd Lau Pak Lam has raised his stake in loss-making digital payment solutions provider PUC Bhd (KL:PUC) to 5.041% from 4.26%.

Lau acquired 8.1 million shares in the ACE Market-listed company on the open market last Thursday (Jan 23), bringing his total shareholding to 140.1 million shares, according to PUC’s filing with Bursa Malaysia.

Cocoaland co-founder Lau Pak Lam raises stake in PUC to 5.04%

LVMH Moët Hennessy Louis Vuitton SE is selling the stake it owns in Stella McCartney back to the brand’s founder as the luxury group cleans up its portfolio of labels amid a downturn for high-end goods.

LVMH sells Stella McCartney stake back to founder after downturn

The dollar strengthened against every major currency after comments on tariffs from US President Donald Trump and Treasury Secretary Scott Bessent bolstered demand for the greenback.

Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed mostly higher on Monday due to expectations of weaker output, said palm oil dealer David Ng.

He said that as demand for CPO increases, buyers would compete for the limited supply, leading to higher prices.

CPO futures end mostly higher on weak output expectations

Policymakers around the globe should not react in haste to announcements by US President Donald Trump's administration, and be prepared to argue their case, World Bank president Ajay Banga told Reuters.

Trump's first week in office has seen a flurry of executive orders and policy plans, ranging from tariffs on Canada, Mexico and China to a review on all existing foreign assistance.

World Bank president cautions against hasty reaction to Trump policies

Investors remain sceptical about the Chinese yuan, fearing the potential for volatility during and after the upcoming one-week trading holiday, despite the country’s apparent reprieve from worse-case US tariffs.

Aviation

‌‌

‌
‌