Two senior executives at Malaysia Aviation Group Bhd (MAG), the parent company of national carrier Malaysia Airlines Bhd, have resigned in a surprise move, sources told The Edge.

Malaysia Aviation Group to see departure of two senior executives

Datuk Dominic Silva has stepped down as the chief executive officer of MIDF Amanah Investment Bank (MIDF IB), the position that he held for almost six years.

Dominic Silva steps down as MIDF IB CEO

UEM Group Bhd confirmed on Wednesday that its managing director Datuk Mohd Izani Ghani is leaving the engineering-based infrastructure company to take over as the MD of Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT).

MAHB names UEM’s Mohd Izani as MD, confirming The Edge report; promotes Zeid Abdul to acting finance chief

Kuwait Finance House (Malaysia) Bhd (KFH Malaysia), the country’s first foreign Islamic lender, is planning an exit from the country after 19 years of operation, sources said.

“It is exiting to focus entirely on the Middle East,” an industry source said.

Kuwait Finance House Malaysia to exit the country, sources say

Datuk Amran Hafiz Affifudin, executive director and head of Malaysian investments at sovereign wealth fund Khazanah Nasional Bhd, has been tipped to take over the reins of UEM Group Bhd from managing director Datuk Mohd Izani Ghani, according to sources.

Khazanah executive director Amran Hafiz tipped to take over as UEM Group MD as Mohd Izani set to move to MAHB

Effective March 1, Eric Chan — former regional managing director at Jardine Cycle & Carriage Limited Singapore, Malaysia, Indonesia, and Myanmar — assumes the roles of Carsome group president and group chief operating officer (COO).

Carsome appoints Eric Chan as new group president, COO

A controlling block of 92 million shares, or a 48.3% stake, in Rexit Bhd was crossed on Wednesday morning via a direct business transaction.

48% stake in Rexit changes hands; new controlling shareholder likely to emerge

KUALA LUMPUR (Dec 10): Casino tycoon Tan Sri Dr Chen Lip Keong — founder, major shareholder and senior chief executive officer of NagaCorp Ltd — passed away at the age of 75, according to Chinese newspaper Nanyang Siang Pau.

NagaCorp boss Chen Lip Keong passes away at 75 — report

Datuk Azman Ismail, former managing director and chief executive officer at PLUS Malaysia Bhd, has emerged as one of the contenders in the race to lead Digital Nasional Bhd (DNB), sources say.

Former PLUS CEO Azman Ismail, Vell Paari, Al-Ishsal Ishak tipped as DNB CEO contenders

KUALA LUMPUR (July 21): Creador-backed retail pharmacy chain BIG Pharmacy Healthcare Sdn Bhd has inked a deal to buy its competitor Caring Pharmacy Group Bhd from convenience store operator 7-Eleven Malaysia Holdings Bhd in a deal worth about RM900 million, sources told The Edge.

BIG Pharmacy to acquire Caring Pharmacy from 7-Eleven Malaysia for RM900 mil — sources

Pelikan International Corp Bhd is said to have sealed a cash deal to sell its stationery business to a European firm for about RM680 million to RM700 million.

Pelikan, which has made known its intention to divest of the stationery business, will distribute the cash proceeds to shareholders in the form of capital repayment after paying off its borrowings, according to a source familiar with the negotiations.

Pelikan planning bumper dividend after sealing over RM680m asset sale deal — source

CIMB Group Holdings Bhd’s investment bank, CIMB Investment Bank Bhd, inked a deal earlier on Friday (April 7) to acquire KAF Equities Sdn Bhd from KAF Investment Bank Bhd (KAF IB), sources said.

CIMB Investment Bank inks deal to buy KAF Equities, sources say

Datuk Nik Airina Nik Jaffar, director of special projects and corporate finance at UEM Group Bhd, is said to have been appointed as new managing director and chief executive officer of PLUS Malaysia Bhd, according to sources.

Nik Airina Nik Jaffar is said to be PLUS Malaysia’s new MD and CEO

KUALA LUMPUR (Feb 25): Digital health platform and e-prescriptions issuer DOC2US is set to be physically operating in Saudi Arabia, bringing in and setting up its ecosystem and infrastructure in the country to provide digital healthcare services for international pilgrims and travelers.

DOC2US plans to invest US$1 mil to set up physical ops in Saudi Arabia, say sources

The boss of AstraZeneca plc said he does not believe the UK is the worst place to invest, striking a conciliatory tone just days after the company axed a £450 million (RM2.49 billion) investment in a vaccine plant in Britain.

AstraZeneca boss says UK ‘isn’t the worst place’ to invest

Oil prices edged up on Thursday after Saudi Arabia's state oil company raised its March crude prices sharply, but the gains barely dented the previous day's slide in benchmark Brent crude.

Brent crude futures LCOc1 rose 44 cents, or 0.6%, to US$75.05 a barrel by 1355 GMT. US West Texas Intermediate crude CLc1 was up 48 cents, or 0.7%, at US$71.51.

Oil firms as Trump policies continue to drag on prices

Puma SE is shipping far fewer Chinese-made sneakers to the US as the trade war between the countries heats up.

The German sportswear brand is sourcing only about 10% of its US shoe imports from China now, down from 30% in the past, chief executive officer Arne Freundt said in an interview.

Puma curbs flow of sneakers from China to US as tariffs kick in

The Trump administration ramped up pressure on US government workers on Thursday to accept a buyout offer ahead of a midnight deadline as labour unions urged members to remain in their jobs and sought to block the proposal in court.

In emails sent out on Thursday, the administration emphasized that the offer expires at 11.59pm Eastern time (0459 GMT) and told workers that those who do not accept it could still lose their jobs.

Trump administration presses govt workers to accept buyout ahead of deadline

The US Federal Aviation Administration (FAA) plans to announce it is reducing flight arrivals at Washington Reagan National Airport to address safety concerns, after a deadly collision between a helicopter and an American Airlines regional jet killed 67 people, according to an email seen by Reuters.

US FAA to slow arrivals at Reagan National Airport to reduce risks after crash

KUALA LUMPUR (Feb 6): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

IHH Healthcare Bhd’s (KL:IHH) unit Northern TK Venture (NTK) is seeking compensation of up to 109.3 billion Indian rupees (RM5.7 billion) f...

IHH, Lotte Chemical Titan, BAT Malaysia, Bank Islam, Zecon, Notion VTec, Bina Puri, Scomi Energy, MN Holdings and ATA IMS

President Donald Trump’s nominee for US trade representative is telling lawmakers he would seek to restore the nation’s “hard power” by using trade policy to revitalise manufacturing and counter “global volatility”.

“If the United States does not have a robust manufacturing base and innovation economy, it will have little in the way of hard power to deter conflict and protect Americans,” Jamieson Greer said at his confirmation hearing on Thursday before the Senate Finance Committee.

Trump’s trade pick vows to restore ‘hard power’ by policy

If there’s one thing history teaches us, it’s that power isn’t just about having it — it’s about how you use it.

From Henry Kissinger’s realpolitik to Donald Trump’s 'Madman Theory' of unpredictability, leaders have long tried to weaponize chaos to their advantage. But while playing with fire can sometimes yield short-term gains, the long-term costs are usually far steeper than anticipated.

The perils of power: Why chaos, uncertainty and isolationism all come back to bite

Apple Inc, which counts China as its biggest manufacturing hub and the US as its largest market, is now at the centre of an escalating geopolitical fight that threatens to span tariffs and regulatory probes. 

The Trump administration’s new 10% levy on Chinese-made goods is poised to squeeze the company at an already-challenging time, when it’s suffering from sluggish iPhone sales and playing catch-up in artificial intelligence (AI).

Apple’s China focus thrusts it into centre of geopolitical fight

Indonesia has ordered property firm PT MNC Land to halt development of a Lido tourism project affiliated with US President Donald Trump over water management and environmental issues, its environment ministry said on Thursday.

Indonesia orders MNC Land to halt project linked to Trump over environment issues

IHH Healthcare Bhd (KL:IHH) said its unit is seeking compensation of up to 109.3 billion Indian rupees (RM5.7 billion) from Japanese drugmaker Daiichi Sankyo Co Ltd for its stake buy in India’s Fortis Healthcare.

IHH’s unit seeks up to RM5.7 bil in compensation from Japan’s Daiichi Sankyo over Fortis deal

TechStore Bhd's initial public offering (IPO) was overwhelmingly subscribed, with demand from retail investors nearly 100 times the number of shares set aside for them.

Investors scramble for a piece of TechStore's IPO, shares oversubscribed by nearly 100 times

Lotte Chemical Titan Holding Bhd’s (KL:LCTITAN) net loss widened to RM510.07 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), from RM186.48 million a year earlier. This marks the group’s largest quarterly net loss since its listing in 2017.

Lotte Chemical Titan faces persistent headwinds, posts largest quarterly loss in 4Q

Bank Islam Malaysia Bhd (KL:BIMB) said on Thursday it has signed an agreement to set up a joint venture with a local firm to sell finance-related digital technology products and services.

Bank Islam to set up JV to sell financial tech products, services

KUALA LUMPUR (Feb 6): Malaysia is expected to become an important exporter of fresh durian to China, following an agreement cemented last year between the two countries, said BMI.

Malaysia to become important fresh durian exporter to China — BMI

The continuous rise in medical inflation has led to an increase in the claims rate for medical and health insurance and takaful (MHIT), Second Finance Minister Datuk Seri Amir Hamzah Azizan said.&nbsp;

Annual insurance premium hike to stay below 10% for 80% of policyholders, despite medical claims inflation — Amir Hamzah

Investors looking for alternatives to battered data centre and artificial intelligence (AI) proxy stocks may want to consider domestic-driven and defensive stocks, said Maybank Investment Bank.

Consider refuge in domestic-driven stocks as alternatives to AI proxies, says Maybank

US President Donald Trump said on Thursday that Israel would hand over Gaza to the US after fighting was over and the enclave's population was already resettled elsewhere, which he said meant no US troops would be needed on the ground.

Trump says Israel would hand over Gaza after fighting, no US troops needed

KUALA LUMPUR (Feb 6): Tenaga Nasional Bhd (TNB) (KL:TENAGA) has suspended operations of a second helicopter involved in maintenance work at its project site in Bentong.

TNB suspends second helicopter operations following Bentong crash

The risk of negative impact on Malaysia's&nbsp;semiconductor exports to the US, following the implementation of tariffs by US President Donald Trump, is seen as minimal for the time being, said the Ministry of Investment, Trade and Industry (Miti). Minister Tengku Datuk Seri Zafrul Abdul Aziz said this is because Malaysia was excluded from the recent US tariff increase imposed on several countries.

Minimal impact on semiconductor exports as M'sia excluded from Trump's tariff increase, says Zafrul

Precision components manufacturer Notion VTec Bhd (KL:NOTION) said it is acquiring a four-hectare vacant freehold agricultural land in Kapar, Klang, for RM29.62 million, as part of the expansion of its manufacturing operations.

The expansion plans include the construction of a large new factory to accommodate growing production needs, Notion VTec said in a filing with Bursa Malaysia on Thursday.

Notion VTec acquires land in Klang for manufacturing expansion

The rise of different types of artificial intelligence (AI) technologies&nbsp;such as DeepSeek can reduce Malaysia's reliance on a single product, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Diverse AI technologies like DeepSeek reduce Malaysia's reliance on single product, says Zafrul

Prime Minister Datuk Seri Anwar Ibrahim on Thursday launched four new auditing guidelines introduced by the National Audit Department (NAD), expanding its authority to audit any other entities and companies that receive public funds following the amendments to the Audit Act 1957.

PM launches new auditing guidelines; scope of National Audit Department expanded to cover companies receiving public funds

WHEN the acquisition of a 16% stake in Sunway Bhd’s (KL:SUNWAY) healthcare arm by Singapore’s GIC Pte Ltd was announced in June 2021, the valuations ascribed to the healthcare group were considered mighty lofty.

Cover Story: Pricey valuations for private hospitals risk escalating healthcare costs 

The Malaysian Competition Commission (MyCC) is actively investigating 13 cases of alleged bid-rigging cartels involving 561 enterprises, with a value of up to RM2.3 billion, the Dewan Rakyat was told on Thursday.

Govt aims to table amendment to Competition Act in current parliamentary session to strengthen MyCC powers

Biofuel producer BAC Renewable Energy Sdn Bhd (BAC RE) has entered into a deal to develop a biofuel storage facility and export hub at Tanjung Langsat Port in Johor.

BAC Renewable Energy to develop biofuel storage and exporting hub at Tanjung Langsat Port, Johor

KUALA LUMPUR (Feb 6): Malaysia has launched a probe into alleged dumping of flat-rolled steel products from China, South Korea, and Vietnam after a domestic steel producer filed a complaint about unfair pricing practices that have negatively impacted local manufacturers.

The investigati...

Malaysia probes more steel dumping allegations from China, South Korea, Vietnam

Bina Puri Holdings Bhd (KL:BPURI) on Thursday said it is in the midst of restructuring its loan with Export-Import Bank of Malaysia Bhd (Exim Bank), following a winding-up petition from the bank on Tuesday.

Bina Puri seeks to restructure debt with Exim Bank

Malaysia’s industrial sector is poised to sustain its growth this year, supported by strong government initiatives, infrastructure advancements, and emerging industrial parks integrating artificial intelligence (AI), according to Knight Frank Malaysia.

Knight Frank: Malaysia’s industrial sector set for growth in 2025, driven by AI and infrastructure

Malaysia has condemned the proposal for the forced expulsion of Palestinians from the Gaza Strip, calling it an act that is "beyond rational thought", and a clear violation of international conventions, charters&nbsp;and treaties.

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