The wealth held by the world's billionaires jumped by about 17% over the past year, as significant gains among the super-rich in the United States more than offset a decline in China, Swiss bank UBS said on Thursday.

Global billionaire wealth leaps, fuelled by US gains, UBS says

Italy's tax system is skewed in a way that lets society's wealthiest 7% pay proportionately less tax than low and middle-income earners, a new study shows, fuelling inequality and hurting public finances in one of Europe's most indebted nations

How Italy's tax system got rigged for the rich

November 2024 marks the month that Donald Trump won the US election to become the 47th president of the US. President-elect Trump is expected to move back into the White House next January. He was last in the White House from January 2017 to January 2021 as the 45th US president. The US Senate was then controlled by the Republicans.

Pitfalls & Pitch Calls: What to expect with Trump 2.0

When David Low left Luno Malaysia Sdn Bhd to set up Hata Digital Sdn Bhd, another digital asset exchange (DAX), he reckoned that it would be a case of David versus Goliath. He had helped build Luno from scratch to become the largest DAX in the country with over 90% market share in just five years. Can he do the same for Hata so that it can compete against the big players, like Luno?

Cover Story: David versus Goliath

The local investing community includes a group of speculators who love stock market volatility, but many among them are conservative investors who prefer predictable and periodical returns derived from the likes of fixed deposits, property rental incomes and bonds.

Funds: Monthly distribution an emerging trend in fixed income products

Local investors are provided with an array of choices when it comes to investing in alternative asset classes. But what about investing in tiny houses of 139 sq ft on wheels, like caravans?

TheWall: Alternative Investment: Investing in tiny houses

Cryptocurrency exchange Luno has launched a new feature called Luno Bundles, designed to help customers manage and maintain a diversified portfolio of top-performing cryptocurrencies, including Bitcoin and Ether.

Luno launches ‘Luno Bundles’ that tracks overall crypto market performance

HSBC is relaunching its 'Premier' wealth banking brand in Britain, targeting so-called mass affluent customers who have between £100,000 and £2 million (RM567,918 and RM8.9 million) to invest.

HSBC relaunches 'Premier' brand in the UK in pursuit of wealthy clients

Crypto bros have a reason to cheer. Last month’s SCxSC Fintech Summit came with a surprise announcement by the Securities Commission Malaysia (SC) to create a sandbox to spur innovation. This comes on the heels of the crypto-leaning sandboxes launched by several countries this year (see chart). B...

Shadow Crypt: Crypto’s choice between a sandbox and an airport

Digital investment platform StashAway Malaysia has surpassed the RM1 billion mark in assets under management (AUM) as of 2023, about five years since its inception in 2018.

StashAway surpasses RM1b in assets under management

For at least three years, China and Hong Kong’s stock markets were in the red. But thanks to the “bazooka stimulus”, the large economic stimulus package announced by the Chinese government in late September, things started to turn around. Share prices soared and sentiment improved.

The ...

Cover Story: Does the China rally still have legs?

Three letters were all the rage a few years ago when it came to stocks and investing: ESG (an acronym for environmental, social and governance). Today, ESG investors seek to align their portfolios with positive ESG principles while earning investment returns.

ESG investing has its fair ...

Pitfalls & Pitch Calls: ESG here to stay

Alta Alternative Investments Pte Ltd (Alta), a Singapore-headquartered alternative investment company and digital asset exchange platform, intends to join the Securities Commission Malaysia’s (SC) regulatory sandbox initiative to provide local investors with access to super late-stage US start-up...

News: Provide access to early-stage companies in the US with tokenisation

The co-payment feature in medical and health insurance/takaful (MHIT) policies has sparked debates in recent months on whether it is the best way to mitigate fast-rising insurance premiums. A bone of contention is, if policyholders are already paying the premiums, why would they still need to for...

Insurance: Are co-payment medical health insurance and takaful products worth it?

Prime Minister Datuk Seri Anwar Ibrahim is set to launch the ‘Penang Silicon Design @5km+’ initiative on Saturday, aimed at driving economic growth through the development of the integrated circuit (IC) design industry in Penang, in line with the National Semiconductor Strategy (NSS).

PM to launch Penang Silicon Design @5km+ to boost integrated circuit design ecosystem

UEM Group, the wholly owned infrastructure arm of Khazanah Nasional Bhd, has not given an interview to the press in more than a decade. Current managing director Datuk Amran Hafiz Affifudin who had been on the top job at UEM Group for 119 days at the time of the interview, explains that the long silence does not indicate inactivity at the diversified group, as there was also a change in direction at the company, brought about by the need for Khazanah to pursue green infrastructure ventures in a big way, and for the sovereign wealth fund to strengthen local investments, among other considerations.

Sleeping giant UEM Group stirs

The Malaysian Anti-Corruption Commission (MACC) remanded a company director with the 'Datuk' title, and a civil servant on suspicion of corruption in return for securing construction projects in Sarawak worth about RM250 million.

MACC remands company director with 'Datuk' title, civil servant in connection with RM250m corruption case in Kuching

South Korean President Yoon Suk Yeol on Saturday apologised for his attempt to impose martial law this week, and bowed during a televised speech to the nation, only hours head of a planned impeachment vote.

South Korea's Yoon apologises for martial law ahead of impeachment vote

Global stocks advanced on Friday as investors raised their bets on the prospect of a US interest rate cut this month, after payrolls data showed strong job growth in November, while the euro dipped against the dollar as political turmoil gripped France.

Wall Street adds to stock, rate cut bets after 'Thanksgiving buffet' jobs data

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

Genting, JAKS Resources, KIP REIT, ITMAX, OSK Holdings, Kawan Food, Crescendo Corp, Cypark, FSBM, MMAG

SNS Network Technology Bhd (KL:SNS) has signed a three-year memorandum of understanding with Mimos Bhd to enhance software testing processes and drive innovation in artificial intelligence (AI).

SNS Network, Mimos partner to boost AI innovation and software testing capabilities

Wall Street's main indexes edged higher on Friday, with the S&P 500 and the Nasdaq touching intraday record highs as traders increased bets on a Federal Reserve rate cut this month following robust November payrolls data.

Wall Street climbs after monthly jobs data boosts December rate-cut bets

Things were already looking bad for Intel Corp shares this year. But the chipmaker’s sudden ouster of its chief executive officer has led to even more investors throwing in the towel.

Intel’s lack of a clear plan makes Wall Street even more bearish

A US federal appeals court on Friday upheld a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban.

US appeals court upholds TikTok law forcing its sale

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

Tanco Holdings Bhd (KL:TANCO) announced that its 79%-owned subsidiary, Midports Holdings Sdn Bhd (MHSB), is exploring a potential collaboration with Hong Kong-listed Cosco Shipping Ports Ltd for the operation and management of MHSB's proposed "smart AI container port project" in Port Dickson, Negeri Sembilan.

Tanco unit and HK-listed Cosco Shipping explore partnership to manage proposed Port Dickson AI port 

Wall Street's main indexes edged higher on Friday, with the S&amp;P 500 and the Nasdaq touching intraday record highs as traders increased bets on a Federal Reserve rate cut this month following robust November payrolls data.

SNS Network Technology Bhd (KL:SNS) has signed a three-year memorandum of understanding with Mimos Bhd to enhance software testing processes and drive innovation in artificial intelligence (AI).

UEM Group, the wholly owned infrastructure arm of Khazanah Nasional Bhd, has not given an interview to the press in more than a decade. Current managing director Datuk Amran Hafiz Affifudin who had been on the top job at UEM Group for 119 days at the time of the interview, explains that the long silence does not indicate inactivity at the diversified group, as there was also a change in direction at the company, brought about by the need for Khazanah to pursue green infrastructure ventures in a big way, and for the sovereign wealth fund to strengthen local investments, among other considerations.

The Malaysian Anti-Corruption Commission (MACC) remanded a&nbsp;company director with the 'Datuk' title, and a civil servant on suspicion of corruption in return for securing construction projects in Sarawak worth about RM250 million.

Things were already looking bad for Intel Corp shares this year. But the chipmaker’s sudden ouster of its chief executive officer has led to even more investors throwing in the towel.

South Korean President&nbsp;Yoon&nbsp;Suk Yeol on Saturday apologised for his attempt to impose martial law this week, and bowed during a televised speech to the nation, only hours head of a planned impeachment vote.

A US federal appeals court on Friday upheld a law requiring Chinese-based ByteDance to divest its popular short video app TikTok in the United States by early next year or face a ban.

Global&nbsp;stocks advanced on Friday as&nbsp;investors raised their bets on the prospect of a US&nbsp;interest rate cut this month, after payrolls data showed&nbsp;strong&nbsp;job growth in November, while the euro dipped against the dollar as political turmoil gripped France.

Shareholders of Ubisoft Entertainment SA are considering how to structure a possible buyout of the Assassin's Creed video game maker without reducing the founding family's control, two people familiar with the matter told Reuters.

Ubisoft shareholders in talks over possible buyout terms — Reuters

The flood situation in the country continued to improve as the number of flood evacuees in relief centres dropped steadily, with Terengganu fully recovering from flooding.

Flood situation continues to improve with number of evacuees dropping

Prime Minister Datuk Seri Anwar Ibrahim is set to launch the ‘Penang Silicon Design @5km+’ initiative on Saturday, aimed at driving economic growth through the development of the integrated circuit (IC) design industry in Penang, in line with the National Semiconductor Strategy (NSS).

The European Union (EU) and the South American Mercosur bloc clinched a long-sought trade deal over the vehement objections of France, which has pledged to lead a charge to obstruct its ratification.

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