Nostalgia hits millennials hard today.

White Chicks, the subversive race-andgender-bending comedy, celebrates its 20th anniversary this year. Y2K aesthetics such as indie sleaze, crop tops and baggy oversized jeans are making a comeback.

Meanwhile, anthemic bangers like Hips D...

Millennial Musings: When nostalgia holds us back

There is a Chinese saying that wealth does not last beyond three generations, and the reality is that sustaining family businesses is a significant concern across Southeast Asia. This concern is justified as succession is extraordinarily hard, especially when transitioning from the second to thir...

Generational Wealth: Embracing ‘Lotus’ model for family business succession

Even as the global economic outlook improves in 2024, countries continue to struggle with the baggage of high debts and deficits after the Covid-19 pandemic.

Government finances are acute this year as over 80 economies and economic areas are holding elections. Election years are usually...

Pitfalls & Pitch Calls: ESG in transition

Investors should stay invested in the second half of the year despite a volatile market, says Vasu Menon, managing director of investment strategy at OCBC Wealth Management Singapore. Considering that the US Federal Reserve could start cutting interest rates in the coming months, liquidity could ...

Investing: US$6 tril in money market funds still sitting on sidelines, says OCBC’s Menon

"Did you know you can  make millions in just an hour?” Behind this alluring phrase that is used by popular influencers lies a stark reality: Countless people are being lured into financial traps by heeding dubious advice circulating on social media platforms.

This situation is cons...

Cover Story: Rise of the finfluencer

GXS Bank Pte Ltd group CEO Muthukrishnan Ramaswami has set a target for the firm — to break even by 2026. With a committed capital injection of S$1.9 billion (RM5.7 billion) into its Malaysia and Singapore entities, it will need a balance sheet of about S$1.5 billion in deposits and S$2 billion i...

Feature: GXS Bank rolls out new products, aiming to break even in 2026

Anecdotes of financial scams are now incredibly commonplace in Malaysia, as are scam calls and cases of stolen credit card information.

Despite the National Scam Awareness campaign that has been running since late 2022, Malaysians are still falling prey to these schemes, whether by thei...

TheWall: A dynamic solution to credit card scams

Kenanga Investment Bank Bhd (KIBB) has launched its newest wealth management mobile application, KDi GO, through its wholly owned subsidiary Kenanga Digital Sdn Bhd.

Kenanga’s newest wealth management app now available to the public

Wahed Ventures, a Shariah-compliant equity crowdfunding platform, has listed Carpedia as its first venture deal to invest in.

Wahed Ventures launches first Malaysian deal

It is an open secret: stablecoins are the investor’s new best friend.

Stablecoins are cryptocurrencies that are pegged to the price of fiat currencies. People would buy crypto with ringgit at the official exchanges and then convert them to US dollar stablecoins through informal channels...

Shadow Crypt: Hidden impact of dollar stablecoins on local economy

Halogen Capital garnered RM100 million in asset under management (AUM) since a year ago and is aiming for RM1 billion in the next two years, said its founder and chief executive officer Liew Ooi Hann.

Halogen garnered RM100m in a year, aiming for RM1b in another two years

CGS International Wealth Management Malaysia Sdn Bhd (CGS Wealth) wants to be the first port of call when investors think about an absolute return strategy and China-related investment products, says Alan Inn.

In an interview with Wealth, he says these are the two areas in which CGS Wea...

Cover Story: CGS to carve out a niche in absolute return and China funds

The Red Sea trade route serves as a vital link between East and West, enabling the exchange of goods. It connects the Mediterranean Sea to the Indian Ocean, passing through the Red Sea and the Gulf of Aden. The Suez Canal further facilitates trade along the Red Sea route by providing a direct con...

Pitfalls & Pitch Calls: The new world dis-order

Junaid Wahedna, founder and chairman of financial technology (fintech) start-up Wahed, wants to help the man in the street invest in properties globally at a fraction of the price with a few taps on the smartphone.

Wahed runs a halal robo-advisory platform in Malaysia, known as Wah...

Fintech: Wahed enables easier investor access to global properties

A total of 171 individuals were arrested on Wednesday following police raids on 20 children’s homes across Selangor and Negeri Sembilan, linked to a company alleged to be exploiting children under the guise of religious charity.

402 children rescued in police raids on children’s homes in Selangor, Negeri Sembilan, 171 arrested

US House of Representatives Speaker Mike Johnson cancelled a vote scheduled for Wednesday on his stopgap funding bill, saying more work is needed to build support for a measure, less than three weeks before a government shutdown deadline.

US House Republicans cancel vote on stopgap funding measure

Canada’s Conservative party chief says he stands with pilots in a labour dispute with Air Canada, as the carrier prepares to suspend flights ahead of a potential strike.

Pierre Poilievre, leader of the opposition and Prime Minister Justin Trudeau’s chief rival, said he would not support any action that preempted negotiations between the airline and union.

Air Canada pilots get more political support as strike looms

Cocoa futures rose as much as 6.6% in New York as prospects for bigger harvests were outweighed by concerns about tight global inventories.

Ghana, the world’s second-biggest cocoa producer, said it would raise the amount it pays farmers by 45%.

Cocoa jumps as traders assess global supply-demand balance

Nippon Steel Corp has sent a senior executive to Washington to boost its case for the US$14.1 billion (RM61.3 billion) takeover of United States Steel Corp, according to people familiar with the matter.

Nippon Steel sends VP to Washington to rescue US Steel bid

Nvidia Corp chief executive officer Jensen Huang, whose products have become the hottest commodity in the technology world, said that the scramble for a limited amount of supply has frustrated some customers and raised tensions.

Nvidia CEO says customer relations are ‘tense’ due to shortages

Pahang has denied allegations that the state enforcement unit (UPNP) burned and destroyed structures housing workers and equipment of illegal farmers involved in land encroachment in Raub.

Pahang refutes claims of enforcement unit burning structures on encroached land

The European Union (EU) is exaggerating spending on climate-friendly projects, potentially by billions of euros, the bloc's auditors said on Wednesday, citing examples of countries claiming spending on IT systems and salaries as green.

EU likely exaggerating climate-friendly spending, auditors say

US utilities faced a near 70% jump in cyberattacks this year over the same period in 2023, according to data from Check Point Research, underlining the escalating threat to a critical infrastructure.

Cyberattacks on US utilities surged 70% this year, says Check Point

Muhammed Yusoff Rawther, who previously worked as an aide to Prime Minister Datuk Seri Anwar Ibrahim when he was the opposition leader, will be charged in the Kuala Lumpur Court on Thursday.

Anwar-accuser Yusoff Rawther to be charged Thursday after drug and pistols allegedly found in his car

All 156 units of Sunway Maple Residence Phase 1 in Sunway City Iskandar Puteri (SCIP), Johor, were fully taken up within two hours of the launch last weekend, according to Sunway Property, the real estate arm of Sunway Bhd (KL:SUNWAY), in a media statement on Wednesday.

Sunway City Iskandar Puteri's first freehold landed homes snapped up within two hours of launch

THE idea of developing a third port for Port Klang was first mooted in 2010 as part of the Port Klang Master Plan (2010-2013). But the government had put on hold its plans for the proposed terminal, following criticism from some quarters, who had at the time pointed out that Westports and Northpo...

Special Report:  At long last, Port Klang seems likely to get a third port

KUALA TERENGGANU (Sept 11): Terengganu Incorporated (Terengganu Inc), in collaboration with&nbsp;TNB Power Generation Sdn Bhd (TNB Genco), has launched a floating solar farm at Lake Kenyir, expected to generate up to 2,000 megawatts (MW) of electricity.

Terengganu Inc, TNB Genco launch 2,000MW floating solar farm at Lake Kenyir

The world’s advanced economies might just have a new reason to hope for a firmer growth footing in the next year, if some of the most bearish forecasts for oil hit the mark.&nbsp;

Oil’s fall into US$60s widens runway for global economy to make soft landing

A company backed by the mother of Asia pop megastar Jay Chou saw its stock tumble by a record 72% Wednesday, with no immediately apparent reason.

The slide took shares of Star Plus Legend Holdings Ltd below their initial public offering price for the first time since their July 2023 listing in Hong Kong. Volume was 49 times the three-month daily average.

Hong Kong stock tied to pop star Jay Chou suddenly plunges 72%

Sabah-based port operator Suria Capital Holdings Bhd (KL:SURIA) said it has signed a new joint development agreement (JDA) to formalise the development of a mixed commercial project within the Kota Kinabalu port area.

Suria Capital signs JV agreement for Jesselton Docklands 2 mixed commercial project in Kota Kinabalu

KUALA LUMPUR (Sept 11): Energy stocks were the largest losers on Bursa Malaysia, fallen all the way back to early this year, as Brent crude oil dipped below US$70 (RM303.15) a barrel&nbsp;on concerns of slowing economic growth.&nbsp;

Energy stocks erase 2024 gains as Brent dips below US$70

KUALA LUMPUR (Sept 11): Muhammed Yusoff Rawther, who had previously worked with Datuk Seri Anwar Ibrahim when he was opposition leader, has been remanded by the police since last Friday (Sept 6).

Anwar-accuser Yusoff Rawther remanded since Friday over purported drug and pistols found in car

The much-anticipated reopening of Stadium Merdeka finally happened on Aug 17 in conjunction with the Sultan of Selangor’s Cup, where Selangor edged out Singapore 2-1. The stadium was closed in 2016 to make way for the construction of the soon-to-be-opened Merdeka 118 tower.

Stadium Merd...

Stadium Merdeka returns to its former glory

(Sept 11):&nbsp;Malaysian home-improvement retailer Mr DIY Group (M) Bhd (KL:MRDIY)&nbsp;is considering listing its Indonesian unit in Jakarta as soon as this year, or early 2025, according to people familiar with the matter.

Mr DIY’s Indonesian unit said to eye IPO in late 2024 — Bloomberg

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

Genting Malaysia, EPMB, Bermaz Auto, IHH Healthcare, ICT Zone, Mikro MSC, Citaglobal, Suria Capital, Kerjaya Prospek, Southern Steel, Hextech

Kerjaya Prospek Group Bhd (KL:KERJAYA) said on Wednesday it had secured a RM292.8 million contract for building works in Kuala Lumpur.

Kerjaya Prospek gets RM292.8m construction contract

Malaysia's first luxury airport transit hotel, CapsuleTransit MAX, officially opened on Sept 3, according to a press release on Sept 3.

Malaysia's first luxury airport transit hotel CapsuleTransit MAX opens at KLIA Terminal 2

Financial fraud investigator Richard Templeman told the court here on Wednesday that former&nbsp;1Malaysia Development Bhd (1MDB) CEO Arul Kanda Kandasamy had nothing to do with transactions the company undertook prior to 2015.

1MDB investigator says Arul Kanda had nothing to do with 1MDB deals prior to 2015

EP Manufacturing Bhd (KL:EPMB) is placing out shares representing 30% of its issued share capital, 15% each to its largest shareholder Mutual Concept Sdn Bhd and a subsidiary of Bermaz Auto Bhd (KL:BAUTO), to raise RM39.65 million to part finance the construction of its manufacturing hub in Melaka.

EPMB places out 30% of its shares, half to largest shareholder and half to Bermaz Auto, to fund new manufacturing plant

Southern Steel Bhd (KL:SSTEEL) may see a new controlling shareholder as it has proposed undertake an issuance of new shares, representing not less than 50.1% of its enlarged issued share capital, to Singapore company Green Esteel Pte Ltd.

Singapore's Green Esteel may emerge as new controlling shareholder in Southern Steel

The Kuala Lumpur International Airport (KLIA) is leading&nbsp;the list of the Top 25 Low-Cost Megahubs,&nbsp;offering&nbsp;14,583 possible low-cost&nbsp;connections across 137 destinations, according to OAG Megahubs 2024.

KLIA tops OAG's list of low-cost megahubs

A summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI down 1.24% to 1,639.80 on Sept 11, 2024

China’s top lawmakers are reviewing a government proposal to raise the retirement age, paving the way for its approval as soon as Friday, in a move that would expand its shrinking workforce but risk spurring public discontent.

China risks public backlash with move towards retirement age hike

Malaysia’s semiconductor industry, a crucial component of the global supply network, now stands at a pivotal moment with an opportunity to redefine its trajectory and strengthen its position in the supply chain.

Wealth

‌‌

‌
‌