Formula 1 priced a US$2.55 billion (RM11.05 billion) loan package on Tuesday to help finance owner Liberty Media Corp’s acquisition of motorcycle racing association MotoGP World Championship, after investor interest led to a refinancing transaction being added to the offering.

Formula 1 wraps up US$2.55b M&A, refinancing loan package

A US bankruptcy court approved Diamond Sports Group’s deals with National Basketball Association (NBA) and National Football League (NFL) to broadcast games in the 2024-25 season.

The deals, which were disclosed in court papers filed in late August, could put the company back on track to emerge from Chapter 11, its lawyer Joe Graham told the court on Tuesday.

Bankrupt firm Diamond gets approval to broadcast NBA, NFL games

Saudi Arabia suggested it could make a bid to host the Olympics as the desert kingdom forges ahead with a massive economic overhaul that’s seen it invest vast sums of money into sports.

Saudi Arabia signals ambition to host Olympic Games

National men's track cyclist Muhammad Shah Firdaus said the actions of netizens who attacked Japanese rider Shinji Nakano's social media account could affect his good relationship with his friend.

Stop cyberbullying, Nakano and I are friends, says national cyclist Muhammad Shah

PARIS (Aug 12): The Paris Olympics delivered a dazzling summertime success that charmed the world and reaffirmed French national pride. But the hangover will be tough.

With Sunday's closing ceremony over, President Emmanuel Macron must now deal with a self-created political crisis ...

France's 'beautiful dream' fades as Games give way to political deadlock

Badminton legend Datuk Lee Chong Wei has urged netizens to avoid hiding behind anonymous profiles to make derogatory remarks about Malaysian athletes following the conclusion of the Paris 2024 Olympics on Sunday.

Don't be a keyboard warrior, says Chong Wei

Prime Minister Datuk Seri Anwar Ibrahim said the government will develop new frameworks to enhance the country's sports performance.

He said this is part of efforts by the government and athletes to raise the achievements of Malaysian sports.

New frameworks to boost sports performance, says Anwar

National diver Nur Dhabitah Sabri splashed her way into the women's three-metre springboard finals at the 2024 Paris Olympics on Thursday, to remain in contention for a medal. 

Nur Dhabitah advanced after finishing eighth with 286.95 total points in the semi-finals at the Olympics Aquatics Centre here, to be among the top 12 in finals, scheduled for 3pm (9pm Malaysian time) on Friday.

Paris 2024: Nur Dhabitah splashes her way into 3m springboard finals

Prime Minister Datuk Seri Anwar Ibrahim congratulated national men’s singles badminton player Lee Zii Jia for winning the bronze medal at the Paris 2024 Olympics on Monday night.

Anwar congratulates Lee Zii Jia on Olympic bronze medal

PARIS (Aug 4): Taiwan's Lee Yang and Wang Chi-Lin retained their Olympic badminton men's doubles title on Sunday, beating China's Liang Weikeng and Wang Chang 21-17 18-21 21-19 at the Porte de La Chapelle arena in a gripping final.

2024 Paris Olympics: Badminton: Taiwan's Lee, Wang retain men's doubles gold

PARIS (Aug 4): Finally, a medal to cherish for Malaysia at the 2024 Paris Olympics.

Aaron-Wooi Yik seal bronze in thriller for Malaysia’s first medal at 2024 Paris Olympics

PARIS, (Aug 4): The Malaysian badminton camp’s first gold medal hope at the  2024 Paris Olympics went up in smoke.

Professional men's singles player Lee Zii Jia went down 14-21, 15-21 to reigning world champion Kunlavut Vitidsarn of Thailand in the semi-finals at the Porte de La Ch...

Paris Olympics 2024: Badminton: Zii Jia goes down to Thailand's Kunlavut in semi-final

PARIS (Aug 3): China's Chen Qingchen and Jia Yifan beat compatriots Liu Shengshu and Tan Ning to the women's doubles badminton gold at the Porte de La Chapelle arena in the Paris Games on Saturday.

Paris Olympics 2024: Badminton: Chen, Jia win gold in all-Chinese women's doubles final

The country’s top women’s doubles pair Pearly Tan-M Thinaah's hopes of contributing Malaysia’s first medal at the 2024 Paris Olympics were dashed when they lost in the bronze medal play-off here on Saturday.

Paris 2024: Pearly-Thinaah's bronze medal hopes dashed by Japanese pair

Two of Wall Street’s largest investment banks are rolling out measures that may ease junior bankers’ workloads, amid complaints across the industry that weekly hours are increasingly creeping past 100.

JPMorgan said to cap junior banker hours, BofA to monitor workloads, as industry's weekly hours creep past 100

SEATED in a meeting room at United Overseas Bank (UOB) Malaysia’s corporate building, United Overseas Bank Ltd (UOB Group) deputy chairman and CEO Wee Ee Cheong is a picture of calm composure. Wee describes UOB as an “old man”, as it is poised to celebrate its 90th anniversary next year, but emph...

Cover Story: UOB to grow organically through seamless connectivity

China has strongly advised its carmakers to make sure advanced electric vehicle (EV) technology stays in the country, people familiar with the matter said, even as they build factories around the world to escape punitive tariffs on Chinese exports.

Chinese carmakers advised to keep key EV technology at home — Bloomberg

HAD Wee Ee Cheong, deputy chairman and CEO of United Overseas Bank Ltd (UOB), not followed in the footsteps of his father and grandfather, he likely would have been a doctor today.

But as fate would have it, the third-generation leader of the Singapore-based lender, which turns 90 next ...

Cover Story: UOB’s Wee on driving business through values and culture

WTEC Group Bhd, a foam and fabric products maker, filed for an initial public offering (IPO) on the ACE Market to raise funds for acquisition of a new, larger factory in Selangor.

Foam products maker WTEC Group files for IPO on ACE Market

theedgemalaysia.com highlighted three stocks with positive momentum at Bursa Malaysia's afternoon close on Thursday. There were no stocks with negative momentum.

GDEX, Seal, Malakoff

India’s securities regulator is considering tighter oversight on micro-cap firms going public, including monitoring the use of their funds and imposing stricter due diligence guidelines for merchant bankers, according to a person involved in the discussions.

India considers new rules to curb risks as tiny IPOs boom — Bloomberg

(Sept 12): Thailand’s new prime minister has a roadmap to deal with the most pressing issues ranging from a near-record household debt to a tepid growth rate and an ageing society. But the plan is short on details that would ensure time-bound outcomes, according to economists.

New Thai PM’s reform agenda lacks specifics, economists say

For parents whose children have challenges in attending national schools or who want to elevate their potential where the default private education system is beyond their reach and are on the lookout for an alternative route, Sekolah Anak Malaysia or SAM may well be the answer.

SAM is M...

Edunation: Alternatively, Sekolah Anak Malaysia beckons

Umno has decided to collaborate with Pakatan Harapan (PH) for the next Sabah election, said party president Datuk Seri Dr Ahmad Zahid Hamidi.

He said this decision, jointly finalised by both central and Sabah Umno, is seen as the best approach to strengthening the administration of the unity government.

Zahid: Umno to cooperate with PH in Sabah election to strengthen unity govt

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

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

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

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

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

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

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

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

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

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

Any decision&nbsp;on the proposal to make&nbsp;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&nbsp;issue should not be turned into polemics, as it is still in the proposal phase and had yet to become&nbsp;a permanent policy.

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

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

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

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

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

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

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

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

(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;

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