KUALA LUMPUR (May 23): Lawyers for the late Tun Daim Zainuddin’s family have questioned the basis for the Malaysian Anti-Corruption Commission (MACC)’s recent comments that the former finance minister’s undeclared assets should be seized.

Lawyer questions basis for MACC’s comments that late Daim’s undeclared assets should be seized

KUALA LUMPUR (May 23): The family lawyer of Datin Seri Pamela Ling Yueh is perplexed by the authorities' assertion of her role as a witness, given remand order and travel ban imposed before her abduction.

Family lawyer doubts abducted Pamela Ling’s status as witness for MACC

KUALA LUMPUR (May 23): Former prime minister Datuk Seri Najib Razak has initiated contempt of court proceedings against former attorney general (AG) and sitting apex court judge Tan Sri Ahmad Terrirudin Mohd Salleh, over an alleged order which allows the ex-PM to serve his jail sentence under house arrest.

Najib initiates contempt proceedings against ex-AG Ahmad Terrirudin over addendum order

Japan may consider asking government-owned entities to support the nation’s bond market if the sell-off in longer-dated debt doesn’t abate, according to Barclays plc’s global chair of research. 

Firms with significant state influence like Japan Post Holdings Co and the Government Pension Investment Fund could be “quietly told” to buy more domestic bonds, Barclays’ Ajay Rajadhyaksha said in an interview.

Japan could ask state-owned firms to buy bonds, Barclays says

The Malaysian Anti-Corruption Commission (MACC) has frozen over 100 bank accounts containing RM217 million linked to a prominent corporate figure with the title of ‘Tan Sri’, in relation to a probe into alleged abuse of power and money laundering involving a government-linked company (GLC).

MACC freezes RM217m linked to ‘Tan Sri’ in GLC money laundering probe 

Xiaomi Corp’s billionaire founder outlined plans for its first SUV and top-end gadgets with self-developed mobile chips, showcasing ambitions to expand its technology portfolio and move past a much-publicised accident that cast doubt on its expertise.

Xiaomi billionaire touts SUV, Chinese chip in tech showcase

Sunway Bhd’s (KL:SUNWAY) net profit rose nearly 11% to RM190.6 million in the first quarter ended March 31, 2025, up from RM172.2 million a year ago, driven by faster progress in data centres jobs in its construction segment and property investments.

Sunway's 1Q net profit rises almost 11% on data centre jobs, higher returns from property investments 

YTL Corp Bhd (KL:YTL) on Thursday posted a 15.5% year-on-year drop in quarterly net profit, dragged by YTL Power International Bhd's (KL:YTLPOWR) weaker results, offset by a strong showing from Malayan Cement Bhd (KL:MCEMENT).

YTL Corp's 3Q profit down 16%, dragged by weak YTL Power results, offset by Malayan Cement's strong showing

The government has been called upon to extend the tenures of Chief Justice Tun Tengku Maimun Tuan Mat, Court of Appeal President Tan Sri Abang Iskandar Abang Hashim, and Federal Court judge Tan Sri Nallini Pathmanathan, who are all set to retire soon.

Extend Tengku Maimun, Abang Iskandar and Nallini's tenures, human rights society urges govt

MSM Malaysia Holdings Bhd (KL:MSM), the country's largest refined sugar producer, saw its net profit fall by 91% to RM3.73 million in the first quarter ended March 31, 2025 (1QFY2025), from RM41.71 million a year earlier, on lower margins and reduced capacity utilisation despite a decrease in production costs.

Lower margins, reduced capacity utilisation drag MSM Malaysia's 1Q net profit down 91%

KUALA LUMPUR (May 22): CelcomDigi Bhd (KL:CDB), the country’s largest mobile network operator, saw a marginal 1.9% increase in net profit to RM383.78 million for the first quarter ended March 31, 2025 (1QFY2025), compared with RM376.46 million a year earlier, on prudent cost management in trimming operational expenditure and lower depreciation and amortisation.

CelcomDigi starts FY2025 on stable footing, pays 3.7 sen dividend

PUTRAJAYA (May 22): The Court of Appeal (COA) has ruled that Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad must continue defending themselves in a RM2.8 million graft case linked to Felcra Bhd’s investment scheme at the Kuala Lumpur Sessions Court.

Court of Appeal orders Bung Moktar and wife to continue defence in Felcra-linked RM2.8m graft case

KUALA LUMPUR (May 22): Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi’s contempt proceedings against former prime minister Tun Dr Mahathir Mohamad has been postponed to July 21.

Ahmad Zahid’s contempt proceedings against Mahathir postponed to July

The 2025 PKR election is an internal party contest and has nothing to do with the issue of reshuffling the Cabinet, stressed Prime Minister Datuk Seri Anwar Ibrahim.

Anwar shuts down talk of Cabinet reshuffle after PKR polls

European Central Bank (ECB) President Christine Lagarde warned that international trade will be changed forever by the tensions over tariffs, even as the world’s leading economies edge toward some compromises.

Lagarde says international trade will never be the same

Apple Inc is aiming to release smart glasses at the end of next year as part of a push into artificial intelligence (AI)-enhanced gadgets, but it has shelved plans for a smartwatch that can analyse its surroundings with a built-in camera.

Apple to release glasses as part of AI push at end-2026, but watch with camera nixed — Bloomberg

KUALA LUMPUR (May 23): Advancecon Holdings Bhd’s (KL:ADVCON) unit Advancecon Infra Sdn Bhd (AISB) has secured a RM68.5 million job from Sime Darby Property (Lagong) Sdn Bhd, to carry out earthworks and related works for Stage 1 (Package 2) at Lagong Mas in Gombak, Selangor.

Advancecon unit secures RM68.5m job from Sime Darby Property

Jiangsu Hengrui Pharmaceuticals Co, China’s largest drugmaker by market value, surged in its trading debut in Hong Kong after raising HK$9.9 billion (US$1.3 billion or RM5.4 billion) as listings pick up in the Asian financial hub.

Top Chinese drugmaker Hengrui soars in Hong Kong trading debut

The Center to Combat Corruption and Cronyism (C4 Center) strongly urges the government to fully cooperate with French investigative authorities in their ongoing prosecutions and to initiate investigations and, if need be, proceedings against individuals who were involved in the 2002 Scorpene submarine scandal.

C4 Center calls for full govt cooperation in Scorpene scandal probe

KUALA LUMPUR (May 23): The Malaysian Palm Oil Council (MPOC) will request clarification from the European Commission (EC) on its full benchmarking methodology used in its assessment on the “standard risk” status given to Malaysia under the European Union Deforestation Regulation (EUDR).

MPOC seeks European Commission’s clarification on Malaysia’s ‘standard risk’ status under EUDR

Brookfield Asset Management sees the potential for more property acquisitions from real estate investment trusts in Singapore after its first deal in the city state.

Canada's Brookfield eyes more Singapore deals from REITs under pressure

Nomura Holdings Inc raised pay for its top executives to the highest in more than a decade, as Japan’s biggest brokerage posted a record annual profit on the back of the nation’s retail investment boom.

Nomura lifts top executives’ pay to highest in over a decade

Beijing and Washington continued high-level contact with a Thursday call between senior officials, a sign that the two sides are maintaining active communications following their trade truce earlier this month.

Senior US-China officials vow to keep communication lines open

WASHINGTON/CAIRO (May 22): The United States will impose sanctions on Sudan, after determining that its government used chemical weapons in 2024, during the army's conflict with the paramilitary Rapid Support Forces (RSF), the US State Department said on Thursday.

US to impose sanctions on Sudan after finding its government used chemical weapons

KUALA LUMPUR (May 23): Eco-Shop Marketing Bhd (KL:ECOSHOP) rose in its trading debut on the Main Market of Bursa Malaysia, after the dollar-store retail chain lowered the offering price of its shares.

Eco-Shop Marketing opens higher in Main Market trading debut

YTL Power International Bhd's stock (KL:YTLPOWR) fell on Friday as investors reacted to a set of weaker-than-expected results. Parent company YTL Corporation Bhd (KL:YTL) also declined.

YTL Power, YTL Corp down amid weak quarterly results, analyst downgrades

Goldman Sachs Group Inc&nbsp;said the banker at the heart of a scandal linked to 1Malaysia Development Bhd (1MDB) engaged in “serial lies” and deception about the fraud, days before he is scheduled to be sentenced.

In a letter to a US judge, Goldman said that Tim Leissner, the bank’s former Southeast Asia chairman, has never taken responsibility for his actions in the multibillion-dollar fraud that brought down the Malaysian government.

Goldman accuses 1MDB banker Leissner of ‘serial lies’ ahead of sentencing

An institutional investor’s multi-billion dollar bullish bet on US stocks has become the talk of the options market.

Over the past month, market participants have noted steady buying of mostly June 2027 call options across a swath of large US companies. Estimates vary of the total premium being spent, with Nomura Holdings Inc&nbsp;tallying nearly US$3 billion (RM12.81&nbsp;billion).&nbsp;

Mystery options buyer bets some US$3b on US stock rally

KUALA LUMPUR (May 23): Lawyers for the late Tun Daim Zainuddin’s family have questioned the basis for the Malaysian Anti-Corruption Commission (MACC)’s recent comments that the former finance minister’s undeclared assets should be seized.&nbsp;

A Luxembourg court on Thursday fined Edmond de Rothschild over RM119 million for the bank's role in a money-laundering scandal involving 1Malaysia Development Bhd (1MDB), Agence France-Presse reported.

European bank fined RM119m over role in 1MDB scandal by court in Luxembourg

KUALA LUMPUR (May 23): Former prime minister Datuk Seri Najib Razak has initiated contempt of court proceedings against former attorney general (AG) and sitting apex court judge Tan Sri Ahmad Terrirudin Mohd Salleh, over an alleged order which allows the ex-PM to serve his jail sentence under house arrest.

KUALA LUMPUR (May 23): The family lawyer of Datin Seri Pamela Ling Yueh is perplexed by the authorities' assertion of her role as a witness, given remand order and travel ban imposed before her abduction.

US&nbsp;President&nbsp;Donald Trump&nbsp;showed a screenshot of Reuters video taken in the Democratic Republic of Congo as part of what he falsely presented on Wednesday as evidence of mass killings of white South Africans.

Trump's image of dead 'white farmers' came from Reuters footage in Congo, not South Africa

Asian shares posted a modest gain on Friday after a rebound in Treasuries and the dollar eased some concerns about US fiscal policy.

Asian equities advance while Treasuries hold gains

Wall Street struggled to regain confidence in the wake of a&nbsp;Treasury sell-off&nbsp;that shook markets amid fiscal concerns, with stocks dropping in the last stretch of US trading. Bonds and the dollar rose.

After a brief pause in equity selling, the S&amp;P 500 lost steam to finish lower for a third consecutive day.

US stocks lose steam in final minutes of US trading

Japan may consider asking government-owned entities to support the nation’s bond market if the sell-off in longer-dated debt doesn’t abate, according to Barclays plc’s global chair of research.&nbsp;

Firms with significant state influence like Japan Post Holdings Co&nbsp;and the Government Pension Investment Fund could be “quietly told” to buy more domestic bonds, Barclays’ Ajay Rajadhyaksha said in an interview.

Bursa Malaysia Securities Bhd on Thursday granted Pharmaniaga Bhd (KL:PHARMA) a three-month extension up to Aug 29 to implement its&nbsp;regularisation plan.

Pharmaniaga gets three-month extension to implement regularisation plan

AME Elite Consortium Bhd (KL:AME) has proposed to provide up to RM100 million in financial assistance to Suling Hill Development Sdn Bhd, a 50%-owned jointly controlled entity of its wholly owned subsidiary Northern Industrial Park Sdn Bhd.

AME Elite to provide up to RM100m financial assistance for Penang industrial park project

BANFF, Alberta/OTTAWA, Canada/BENGALURU (May 22): Finance ministers and central bank governors from the Group of Seven (G7) democracies papered over their differences on Thursday, pledging to address "excessive imbalances" in the global economy and saying they could increase sanctions on Russia.

G7 glosses over tariffs, pledges to cut global economic imbalances

Mercato has commenced operations at Tropicana Metropark’s SouthPlace Shoppes, occupying a 21,069 sq ft space as the anchor tenant of the commercial precinct.

Tropicana Metropark boosts retail mix with Mercato opening

KUALA LUMPUR (May 23): Sunway PKNS Sdn Bhd has celebrated the topping-off of both 45-storey towers at Sunway d’hill Residences, with grocer Mercato confirmed as anchor tenant for the development’s retail component.

Topping-off milestone at Sunway d’hill Residences, grocer Mercato set to anchor retail component

KUALA LUMPUR (May 23): Kossan Rubber Industries (KL:KOSSAN) expects only a minimal impact on its sales volume, anticipating a slight dip in the second quarter due to weakened demand from US customers and intense competition in non-US markets.

Kossan faces slight sales dip amid intense competition, policy shifts — analysts

NEW YORK (May 22): Billionaire investor&nbsp;Bill Ackman told clients on Thursday that his hedge fund bought Amazon shares last month, betting earnings will continue to grow at the online retailer, as US President Donald Trump's tariffs bite less than consumers initially feared.

Ackman's hedge fund Pershing Square bets on Amazon, exits Canadian Pacific

（吉隆坡23日讯）宜购市场（Eco-Shop Marketing Bhd）（KL:ECOSHOP）在大马交易所主板亮丽登场，首宗交易取得开门红。

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