Here is a brief recap of Tuesday’s top local business news and corporate announcements.

Apollo, UWC, Jaycorp, Chin Hin, KPJ Healthcare, Malaysia Marine and Heavy Engineering, Yinson

Here is a brief recap of Monday’s top local business news and corporate announcements.

CIMB, Solarvest, Berjaya Land, Deleum, Poh Kong, Sersol 

Here is a brief recap of Friday's top local business news and corporate announcements.

Axiata, Dialog, Kretam, IOI Corp, UUE & Rex Industry

KUALA LUMPUR (June 12): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Bermaz Auto Bhd (KL:BAUTO) warned of tough times ahead after its 4QFY2025 net profit plunged 76.5% year-on-year to RM21.2 million fr...

Bermaz Auto, Berjaya Land, Country Heights, UEM Edgenta, GDB Holdings & Thong Guan

KUALA LUMPUR (June 11): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:

HSS Engineers Bhd (KL:HSSEB) has clarified that it was not involved in the drawdown of funds from the RM1.3 billion sukuk for the Maju E...

HSS Engineers, SCIB, Bertam Alliance, VS Industry, Kim Teck Cheong, Tower REIT, Mudajaya, Vizione & Binastra

Here's a quick rundown of today's top business news and corporate announcements

NCT Alliance, Niche Capital Emas, Encorp, Capital A, Sunway, Sunway REIT, Destini, Hibiscus Petroleum, UUE, Radium, Harn Len, Benalec, Synergy, 99 Speed Mart & Kitacon

KUALA LUMPUR (June 9): Here is a brief recap of the business news and corporate announcements that made the headlines on Monday:

Yinson Holdings Bhd (KL:YINSON) said on Monday it isn't engaged in discussions with any third parties regarding a buyout exercise, following ...

Yinson, Hartanah Kenyalang, PT Resources, Crest Builder, 99 Speed Mart, Chin Well, Scientex Packaging, Sealink & KNM

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

Yinson, Pavilion REIT, Bursa Malaysia, Omesti, PIE Industrial, 7-Eleven Malaysia, Gadang, Ancom Nylex, Meridian, CIMB, Ho Hup & Ecomate

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

Econpile, Cakaran Corporation, Paramount & Huat Lai

KUALA LUMPUR (June 4): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:

IOI Properties Group Bhd (KL:IOIPG) is acquiring the remaining 50.1% stake in Singapore’s South Beach development from City Developments ...

IOI Properties, Bintai Kinden, HE Group, Affin, Nestcon & Green Ocean

A brief recap of some business news and corporate announcements that made the headlines on Tuesday.

Cypark, Kawan Renergy, Zelan, Ta Win, Edelteq, Taghill, Deleum, CapitaLand Malaysia Trust, Oasis Harvest Corp

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

CIMB, Mah Sing, RHB, Bank Islam, Capital A, AAX, Yinson, SKP, Berjaya Corp, Bintulu Port, RGB, BAT Malaysia, 7-Eleven Malaysia, LYC Healthcare 

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

SunCon, IHH, KPJ, Genting, GenM, Chin Hin, Tropicana, Farm Fresh, IJM, Carlsberg Malaysia, NationGate, DNeX

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

TNB, IOI Corp, Sime Darby, Alliance Bank, Malakoff, IGB, Hap Seng, UEM Edgenta, MN Holdings, MNRB, Nextgreen, Sentral REIT, UEM Sunrise, Shin Yang

Spritzer Bhd (KL:SPRITZER) said it will spend between RM90 million and RM100 million in 2025 to upgrade and expand its production.

Spritzer to spend up to RM100m in 2025 to upgrade, expand production

US President Donald Trump will extend a June 19 deadline for China-based ByteDance to divest the US assets of short video app TikTok by 90 days despite a law that had mandated a sale or a shutdown absent significant progress, the White House said on Tuesday.

Trump will extend TikTok sale deadline for third time, White House says

Ukrainian President Volodymyr Zelenskiy will leave the Group of Seven summit on Tuesday with new aid from host Canada for its war against invader Russia but without a joint statement of support from members or a chance to meet with US President Donald Trump.

The G7 wealthy nations struggled to find unity over the conflict in Ukraine after Trump expressed support for Russian President Vladimir Putin and left a day early to address the Israel-Iran conflict from Washington.

G7 abandons joint Ukraine statement as Zelenskiy says diplomacy in crisis

The S&P 500 declined on Tuesday as fears over a potential US involvement in the conflict between Israel and Iran caused traders to take risk off the table.

The S&P 500 Index closed down 0.8% in New York, while the tech-heavy Nasdaq 100 Index lost 1%.

S&P 500 falls with geopolitics in focus amid Israel-Iran jitters

Rollout of generative AI and agents will reduce Amazon's total corporate workforce in the next few years, Andy Jassy, the CEO of the online retailer, said in a note to employees on Tuesday.

Amazon's corporate workforce may shrink as AI takes over routine tasks

US retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending remains supported by solid wage growth for now.

Weak US retail sales, manufacturing output point to softening economy

South Malaysia Industries Bhd (KL:SMI) on Tuesday said it has rejected a proposal to nominate Teh Chee Hoe and three others as directors at its upcoming annual general meeting, citing violations of corporate and securities regulations.

SMI rejects board nominations ahead of AGM over regulatory concerns

Top officials from central banks and finance ministries were forced to call a timeout at a meeting of the world’s most powerful financial watchdog last week, amid clashes over the US stance on climate change.

US draws ire of France, Canada at meeting of finance regulators

Wall Street's main indexes slipped on Tuesday as the Israel-Iran conflict entered its fifth day, denting global investor confidence ahead of the Federal Reserve's upcoming monetary policy decision.

Wall Street slips as Middle East conflict escalates

Here is a brief recap of Tuesday’s top local business news and corporate announcements.

Spritzer Bhd (KL:SPRITZER) said it will spend between RM90 million and RM100 million in 2025 to upgrade and expand its production.

Chinese companies were flying suitcases of hard drives to Malaysia to train their artificial intelligence (AI) models at data centres equipped with advanced Nvidia chips, The Wall Street Journal reported.

Chinese firms training AI models in Malaysia at Nvidia-powered data centres, WSJ reports

Investors will demand a higher risk premium&nbsp;for PPB Group Bhd (KL:PPB) after associate and main profit contributor Wilmar International Ltd was charged by Indonesia's Attorney General Office (AGO), according to Kenanga Research.

PPB faces higher risk premium after Wilmar's US$729m deposit in Indonesia case

The S&amp;P 500 declined on Tuesday as fears over a potential US involvement in the conflict between Israel and Iran caused traders to take risk off the table.

The S&amp;P 500 Index closed down&nbsp;0.8%&nbsp;in New York, while the tech-heavy Nasdaq 100 Index lost&nbsp;1%.

South Malaysia Industries Bhd (KL:SMI) on Tuesday said it has rejected a proposal to nominate Teh Chee Hoe and three others as directors at its upcoming annual general meeting, citing violations of corporate and securities regulations.

US President Donald Trump met with his national security team in Washington for more than an hour on Tuesday to discuss the escalating Middle East conflict, according to people familiar with the matter, fuelling fresh speculation that the US is on the verge of joining Israel’s attack on Iran.&nbsp;

Trump weighs Iran options as Israel ratchets up air strikes

US President Donald Trump is extending for a third time the deadline for Chinese company ByteDance Ltd&nbsp;to divest the American operations of TikTok, allowing the social media app to keep running in the US while negotiations proceed.

Trump again pushes TikTok sale deadline with 90-day extension

US Federal Reserve (Fed) officials are widely expected to leave interest rates unchanged for a fourth straight meeting on Wednesday, reiterating they want more clarity on the economic impact of a&nbsp;wide array&nbsp;of government policy changes before adjusting borrowing costs. &nbsp;

Fed expected to hold rates steady again as officials wait for more clarity on economy

Ukrainian President Volodymyr Zelenskiy will leave the Group of Seven summit on Tuesday with new aid from host Canada for its war against invader Russia but without a&nbsp;joint&nbsp;statement of support from members or a chance to meet with US&nbsp;President Donald Trump.

The&nbsp;G7&nbsp;wealthy nations struggled to find unity over the conflict in&nbsp;Ukraine&nbsp;after Trump expressed support for Russian President Vladimir Putin and left a day early to address the Israel-Iran conflict from Washington.

Malaysia remains committed to expanding strategic ties with international partners, including Russia, in areas that can yield mutual benefit and contribute to sustainable development.

Malaysia committed to expanding strategic ties with Russia, focus on renewable energy, says Fadillah

Rollout of generative AI and agents will reduce Amazon's total corporate workforce in the next few years, Andy Jassy, the CEO of the online retailer, said in a note to employees on Tuesday.

Top officials from central banks and finance ministries were forced to call a timeout at a meeting of the world’s most powerful financial watchdog last week, amid clashes over the US stance on climate change.

US retail sales dropped more than expected in May, weighed down by a decline in motor vehicle purchases as a rush to beat potential tariff-related price hikes ebbed, but consumer spending remains supported by solid wage growth for now.

The US Senate passed stablecoin legislation setting up regulatory rules for cryptocurrencies pegged to the dollar, in a landmark win for the ascendant crypto industry and President Donald Trump.

US Senate passes stablecoin legislation in win for crypto, Trump

The top US bank regulators plan to reduce a key capital buffer by up to 1.5 percentage points for the biggest lenders after concerns that it constrained their trading in the US$29 trillion (RM123.22 trillion) Treasuries market.&nbsp;

US planning to ease capital rule limiting banks’ Treasury trades, Bloomberg reports

The Front Tyne oil tanker was sailing through the Gulf between Iran and the United Arab Emirates on Sunday when just past 9.40am shiptracking data appeared to show the massive vessel in Russia, in fields better known for barley and sugar beets.

Oil tankers near Iran appear to be in rural Russia as signals jammed

The UK is looking to restrict the number of visas it gives to countries which refuse to sign returns agreements with Britain, Prime Minister Keir Starmer said, as his government pursues more assertive measures to reduce levels of net migration.

Companies In The News

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Companies In The News

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