Selection of the technology provider for the Kuala Lumpur-Singapore high-speed rail (HSR) is still open, said MyHSR Corporation Sdn Bhd chief executive officer Datuk Mohd Nur Ismal Mohamed Kamal.

Selection still open for KL-Singapore high-speed rail technology provider — MyHSR CEO

(Sept 12): Alberto Fujimori, the former president of Peru who oversaw the defeat of Maoist terrorists, tamed hyperinflation and continued to loom large over national politics after being imprisoned for his role in killings by death squads, has died. He was 86.

Alberto Fujimori, authoritarian behind Peru rebound, passes away at 86

The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

High Court grants stay over registration of Semantan Estate

Any decision on the proposal to make halal certification mandatory for all restaurants and food operators is under the jurisdiction of the Conference of Rulers, according to Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

He said the issue should not be turned into polemics, as it is still in the proposal phase and had yet to become a permanent policy.

Conference of Rulers to have final say on mandatory halal certification, says Zahid

SINGAPORE (Sept 12): Pope Francis on Thursday urged political leaders in Singapore, a leading global financial hub, to seek fair wages for the country’s million-plus lower-paid foreign workers.

In likely the last major speech of an ambitious 12-day tour across Southeast Asia a...

Pope Francis, in Singapore, urges fair wages for migrant workers

LONDON (Sept 11): If steep interest rate hikes failed to slow the U.S. economy much in recent years, it is reasonable to ask whether their reversal will prove as toothless in a downturn.

One of the puzzles of the past two years has been how five percentage points of tightening by the Fe...

'Blunt' interest rates pose questions about Fed easing

South Korea's household borrowing rose in August by the biggest amount in more than three years, led by a record jump in mortgage demand, central bank data showed on Wednesday.

South Korea household borrowing posts biggest jump in over three years

OKAYAMA, Japan (Sept 12): The Bank of Japan (BOJ) must raise interest rates to at least 1% by late next year, hawkish policymaker Naoki Tamura said on Thursday, reinforcing the bank’s resolve to persist with steady monetary tightening.

Hawkish BOJ policymaker calls for rates to rise to at least 1%

Bankrupt Steward Health Care won initial approval of a settlement with its landlord Medical Properties Trust Inc (MPT) that will resolve billions of dollars in lease obligations and hand over more than a dozen hospitals to new managers, averting their potential closing.

Steward to hand off hospital operations under pact with MPT

BEIJING/DUBAI/HONG KONG (Sept 11): Chinese Premier Li Qiang and Saudi Crown Prince Mohammed Bin Salman discussed cooperation in several sectors including energy, investment and trade in a meeting in Riyadh on Wednesday, the Saudi state news agency SPA reported.

China’s Li, Saudi crown prince discuss cooperation in Riyadh meeting

The 1Malaysia Development Bhd (1MDB)-Tanore trial has been postponed yet again, as former prime minister Datuk Seri Najib Razak is still nursing an acute knee inflammation in a hospital.

1MDB-Tanore trial postponed once again as Najib still unfit for court

US burger chain BurgerFi International Inc, which once aimed at challenging industry giant Shake Shack, has filed for Chapter 11 bankruptcy protection on Wednesday in Delaware.

Fast food chain BurgerFi files for Chapter 11 bankruptcy

The bond market has ended its long flirtation with the Federal Reserve (Fed) cutting interest rates by half a point this month as resilient inflation and labour market data reinforce a measured course of action.

Bond market’s bet on a half-point Fed cut this month is over

Maybank Investment Bank (Maybank IB) advised investors to refocus on property stocks with solid fundamentals and proven execution capabilities amid enthusiasm around the Johor-Singapore Special Economic Zone (JS-SEZ).

Refocus on property stocks with strong fundamentals amid Johor-Singapore SEZ excitement — Maybank IB

Concorde Hotel Kuala Lumpur "is not for sale" by its owners and shareholders, said Tan Sri Sallehuddin Mohamed, chairman of its owner Ampang Hotel Sdn Bhd.

In a statement, Sallehuddin said the shareholders "are satisfied with our progress and the direction we are taking" for the hotel.

Concorde Hotel KL not for sale, says owner

Southeast Asian equities have cemented their position as a favourite play of money managers positioning for the US Federal Reserve’s (Fed) policy pivot.

Four of the five best-performing Asian equity benchmarks this month are from the region, with Thailand leading the pack. The buying frenzy has put foreign inflows on track for a fifth consecutive week while the MSCI Asean Index is now trading near its highest level since April 2022.

Global funds rush into Malaysian, Southeast Asian stocks as Fed pivot play

Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street, while the dollar held onto gains after US&nbsp;core inflation surprised slightly on the upside and dashed hopes of a large rate cut by the Federal Reserve (Fed) next week.

Asian shares up on Wall St tech boost; dollar extends gains on yen

A former aide to Prime Minister Datuk Seri Anwar Ibrahim was charged with drug trafficking at the Magistrate's Court in Kuala Lumpur on Thursday.

Muhammed Yusoff Rawther, who has an ongoing sexual assault suit against Anwar, was charged with one count of trafficking 305 grammes of cannabis at the Kuala Lumpur Police Contingent Headquarters' surau last Friday.

Anwar's former aide, who is suing PM for sexual assault, charged with drug trafficking

A rally in the world’s largest technology companies spurred a stock-market rebound in a volatile session that had Wall Street traders digesting faster-than-anticipated inflation data.

Stocks wipe out CPI-fuelled slide as Big Tech jumps

In the second quarter of 2024 (2Q2024), Malaysia's retail sales decelerated to 0.6%, falling short of market expectations, according to Retail Group Malaysia (RGM).

In June, members of the Malaysia Retailers Association (MRA) and Malaysia Retail Chain Association (MRCA) projected a growth rate of 1.7%, making the actual result 65% below the estimate.

Malaysian retailers point to 2Q growth slowdown amid rising prices, weak sentiment

Sales of Mazda and Kia vehicles are expected to pick up in the months ahead as analysts shrugged off Bermaz Auto Bhd’s (KL:BAUTO) weaker-than-expected quarter.

Volume-heavy Mazda cars, 10% dividend yield set to prop up Bermaz Auto after weak quarter

China is turning up the heat on its army of 8,700 investment bankers.&nbsp;

After being forced to take big&nbsp;pay cuts&nbsp;and adhere to other belt-tightening measures under President Xi Jinping’s years-long common prosperity campaign, the country’s dealmakers are now in the crosshairs of the nation’s top graft buster.&nbsp;

China detains investment bankers, takes passports in corruption sweep

Chinese hotpot chain Haidilao said it will focus on expanding further into established foreign markets in the coming years, notably the US, working to draw new customers as diners at home pull back on spending.&nbsp;

Chinese hotpot chain plans US expansion to escape slump at home

The Federal Territory of Kuala Lumpur Land Registrar has been granted a stay by the High Court on Thursday from registering a 263.27-acre plot of land in the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

KUALA LUMPUR (Sept 12): BIMB Securities has maintained its “underweight” call on the rubber glove sector, citing challenges from strict European Union Deforestation Regulation (EUDR) and persistent overcapacity in the industry.

BIMB Securities flags challenges in rubber glove sector amid EU deforestation rules

Maybank Investment Bank (Maybank IB) advised investors to refocus on property stocks with solid fundamentals and proven execution capabilities amid enthusiasm around the Johor-Singapore Special Economic Zone (JS-SEZ).

Grand Venture Technology (GVT) has confirmed that it is in discussions for a potential secondary listing of its shares on the Main Market of Bursa Malaysia.

Grand Venture Technology confirms plans for secondary listing on Bursa

First-half earnings in Asia showed how the ripple effects of the Red Sea crisis will continue to be costly for companies that make goods for export, while those that transport their wares benefit from higher freight rates.

Red Sea crisis produces winners and losers in Asia as freight rates spike

Oil attempted to mount a recovery from its plunge to the lowest level in more than two years, with traders weighing intensifying concerns about looming oversupply.

Oil rebounds after slumping to lowest level since 2021

Signs of gloom are mounting in the US$9.50 trillion (RM41.21 trillion) exchange-traded fund (ETF) landscape, threatening to expose Wednesday’s dip buying in stocks as a head-fake with traders cashing out of speculative trading vehicles.

Bearish signals flash in risky parts of US$9.5 tril ETF market

Huawei's new tri-foldable smartphone has ignited nationalistic pride in China with social media abuzz with what supporters see as its ability to out-innovate Apple&nbsp;despite&nbsp;US&nbsp;sanctions&nbsp;— even if many are balking at the phone's US$2,800 (RM12,135) price tag.

Huawei's Mate XT stirs Chinese pride and US$2,800 price tag

(Sept 12):&nbsp;Alimentation Couche-Tard Inc&nbsp;is discussing improving its takeover proposal for Seven &amp; i Holdings Co, Ltd,&nbsp;with the goal of convincing the Japanese convenience store operator to start engaging in discussions, people with knowledge of the matter said.&nbsp;

Couche-Tard discussing higher price for 7-Eleven owner — Bloomberg

OpenAI is in talks to raise US$6.50 billion (RM28.16 billion) from investors at a valuation of US$150 billion, according to people familiar with the situation.&nbsp;

The new valuation, a figure that doesn’t include the money being raised, is significantly higher than the US$86 billion valuation from&nbsp;the company’s tender offer&nbsp;earlier this year, and cements its place as one of the most valuable startups in the world.&nbsp;

OpenAI fundraising set to vault startup’s valuation to US$150b

The 1Malaysia Development Bhd (1MDB)-Tanore trial has been postponed yet again, as former prime minister Datuk Seri Najib Razak is still nursing an acute knee inflammation in a hospital.

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