PETRONAS, the Employees Provident Fund (EPF) and the founding Lim family of Yinson Holdings Bhd (KL:YINSON) are in talks to take private the oil-and-gas firm, sources said.

Lim family in talks with EPF, PETRONAS to take Yinson private — sources

KUALA LUMPUR (June 11): Lulu Group is shutting down its hypermarkets in Malaysia, while keeping its wholesale division in the country.

Lulu Group shuts down retail operations in Malaysia

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

India’s central bank raised interest rates for the first time in nearly four years and signaled further hikes may be on the table as accelerating inflation and a weakening currency drive a policy pivot.

RBI signals further rate hikes as price pressures intensify

Asian stocks were poised for declines, tracking moves on Wall Street as elevated oil prices continued to stoke inflation concerns. Equity-index futures for Japan, Australia and South Korea pointed to a second day of declines for a regional stock gauge

Asian stocks to dip as oil fuels inflation worries

Oil edged higher after a report that the White House asked the Pentagon to draw up strike options against Iran that could be executed before the midterm elections, and as a storm shut some US output.

Oil edges higher on Iran strike options report and storm impact

A record-breaking run in stocks hit a wall as still-elevated oil prices stoked concerns that potential inflationary pressures could trigger Federal Reserve interest-rate hikes.

Stocks fall from all-time highs on inflation worry

Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.

Zetrix AI confirms RM314m JPJ arrears after Bursa demands direct answer

HSBC said on Wednesday consultations were underway, after the Financial Times (FT) reported that hundreds of jobs were at risk from the bank's adoption of artificial intelligence (AI).

UK unit job cuts: HSBC says 'consultations' underway amid AI adoption

The holding company of Canada's Weston family has agreed to buy British health and beauty retailer Boots from private equity firm Sycamore Partners and the Pessina family for US$8.9 billion (RM36.4 billion), including debt, it said on Wednesday.

Canada's Weston family buys UK pharmacy chain Boots for US$8.9 bil

The International Energy Agency's (IEA) member countries stand ready to release additional oil from their strategic reserves if necessary and will prioritise diesel due to tight supplies of the fuel, the head of the IEA said on Wednesday.

IEA says member countries ready to release more oil reserves if necessary

The government is reviewing a formal agreement with Dapat Vista Sdn Bhd, the company that operates the eJamin system for online payment of court bail, before submitting it to the Cabinet soon.

eJamin: Govt reviewing formal agreement with Dapat Vista before presenting it to Cabinet

Defence Minister Datuk Seri Mohamed Khaled Nordin is disputing the auditor general’s projection that the first of the long-delayed littoral combat ship (LCS1) would only achieve full operational readiness by December 2035.

Defence Minister disputes AG's 2035 readiness projection for long-delayed combat ships

Police have arrested seven people, including several foreigners, in connection with&nbsp;the theft of 2.5kg of jewellery worth over RM1.7 million from a shopping mall in Genting Highlands, Bentong, in August.

Seven arrested over RM1.7 mil jewellery heist in Genting Highlands

Zetrix AI Bhd (KL:ZETRIX) has confirmed that it owes the Road Transport Department (JPJ) RM314 million in unremitted collections between May and September 2026, and said the liability has been recognised as a payable on its balance sheet.

Malaysia still faces RM20.1 billion in outstanding obligations related to 1Malaysia Development Bhd (1MDB) if no additional funds are recovered, according to the Ministry of Finance (MOF).

Govt still has to bear RM20.1b 1MDB burden if no further funds recovered — MOF

Datasonic Group Bhd (KL:DATASONIC) has terminated its proposed RM28.5 million acquisition of an industrial property in Petaling Jaya after a condition precedent requiring approval from the Fire and Rescue Department of Malaysia was not fulfilled.

Datasonic axes RM28 mil property deal after Fire Dept condition unmet

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

Yinson, Northern Solar, Aemulus, Datasonic, CIMB, AMMB, PJBumi, MMM Group

Bursa Malaysia Securities has dismissed MMM Group Bhd’s (KL:MMM) appeal against the rejection of its proposed regularisation plan, paving the way for the company to be delisted on Oct 12.

MMM Group to be delisted on Oct 12 as Bursa Malaysia dismisses appeal

British 30-year bond yields rose to a 28-year high on Wednesday as a global bond sell-off pushed equivalent US borrowing costs to their highest since 2002, adding to pressure on finance minister John Healey before his first budget in three weeks' time.

UK 30-year gilt yields hit 28-year high in global sell-off

Retail prices for unsubsidised petrol will increase by 15 sen from Oct 8 to Oct 14 as Brent crude oil hovers around US$100 per barrel despite the recovery of crude oil flows from West Asia.

Unsubsidised petrol up 15 sen from Oct 8, diesel prices stay

Prime Minister Datuk Seri Anwar Ibrahim said the fifth Madani&nbsp;budget is based on a clear resolve to strengthen the nation’s economy and translate growth into a better life for the people.

Anwar: Budget 2027 based on 'clear resolve' to strengthen economy, translate growth into better life

Crude palm oil (CPO) prices could trade at a premium to soybean oil as early as April next year, as weather risks and rising biodiesel demand in Indonesia tighten global vegetable oil supplies, said industry analyst Thomas Mielke.

CPO could trade at premium to soybean oil as early as April next year, says Mielke

The Ministry of Human Resources (MOHR) has initiated intervention measures to protect the rights and assist 372 workers of CJ Bio Malaysia Sdn Bhd affected by the closure of the company's plant in Kerteh, Terengganu, from Oct 15.

CJ Bio plant closure: Intervention measures taken to protect rights of workers, says MOHR

Defence Minister Datuk Seri Mohamed Khaled Nordin is disputing the auditor general’s projection that the first of the long-delayed littoral combat ship (LCS1) would only achieve full operational readiness by December 2035.

The additional tax claim against Tenaga Nasional Bhd (KL:TENAGA) will not&nbsp;result&nbsp;in the cost being passed on to consumers through electricity tariff hikes, said the Ministry of Finance (MOF).

TNB's additional tax claim not passed on to consumers via tariffs, says MOF

Lighting solutions provider Speedy Best Holdings Bhd, which also manufactures and sells steel poles and provides smart city solutions, is planning an ACE Market listing to raise funds for capacity expansion and to further develop its proprietary platform that uses artificial intelligence for smart city management.

Speedy Best plans ACE Market IPO to raise funds for capacity expansion

Enterprise IT services provider Ancile Tech Bhd has filed its draft prospectus for an initial public offering (IPO) on the ACE Market, as it seeks funds to set up an in-house network operations centre (NOC) and security operations centre (SOC), and expand its business beyond northern Peninsular Malaysia.

IT solutions provider Ancile Tech files draft prospectus for ACE Market listing to fund business expansion

ACE Market-listed Aemulus Holdings Bhd (KL:AEMULUS) has secured new orders worth US$3.86 million (RM15.77 million) from an undisclosed Singapore customer for test systems used in the data centre and artificial intelligence (AI) market.

Aemulus secures RM15.8m orders for data centre, AI test systems from Singapore customer

The Nasdaq and the S&amp;P 500 eased from record highs on Wednesday as Treasury yields and oil prices rebounded, keeping investors cautious as they awaited the minutes of the Federal Reserve's September meeting.

Nasdaq, S&P 500 slip from record highs as yields and oil rebound

The Ministry of Finance (MOF) is finalising&nbsp;a proposal to enact the Statutory Bodies and Controlled Entities (Financial Governance) Act to strengthen the governance of government-owned companies.

MOF finalising proposed law to strengthen governance of govt-owned companies

LONDON/MILAN (Oct 7):&nbsp;Traders have turned more discerning following a bond market rout, dumping the debt of European countries they deem the riskiest and rushing to safe-haven Germany.

The moves highlight a new hierarchy in the ever-evolving rankings of ​European debt.

Fr...

Investors pick new darlings and duds as selloff rocks Europe's bond market

The interest rate on the most common US home loan jumped last week to its highest in almost three years, worsening affordability for buyers four weeks before elections that will decide if President Donald Trump's Republicans keep control of Congress.

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