Singapore's central bank said on Tuesday it was looking into whether banks involved in a S$2.4 billion (RM8.2 billion) money laundering scandal in the global wealth hub had taken all reasonable steps to mitigate risks.

Singapore's central bank looking into banks' role in US$1.8b money laundering case

The European Union’s new, tougher approach to China is being shaped by French concerns that Beijing’s trade practices have started to pose a critical threat to core industries.

Macron is pushing Europe into a US$900b fight with China

Record growth in clean energy technology, including solar panels and electric vehicles, means it is still possible to limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit), the International Energy Agency (IEA) said on Tuesday.

IEA says route to net zero requires more cash and less politics

The Election Court here has nullified Perikatan Nasional (PN) and PAS candidate Che Alias Hamid’s win in the Kemaman parliamentary seat.

PN loses Kemaman parliamentary seat after election court allows BN’s petition

Tenaga Nasional Bhd (TNB) expects a decline in its imbalance cost pass-through (ICPT) receivables, primarily due to the moderation of coal prices, resulting in improved working capital and cash flow levels in 2023 as it fully recovered RM10.4 billion of ICPT costs for the first half of 2023.

TNB fully recovers RM10 bil in 1H2023 ICPT costs

Fitch has cut its revenue expectations for Genting Malaysia — operator of Malaysia’s Resorts World Genting plus casinos in New York and Europe — by around 5% on average for 2023 and 2024, citing its slower-than-expected recovery through the first half of the year.

Fitch lowers Genting Malaysia’s 2023 and 2024 revenue estimates

The crisis at China Evergrande Group deepened on Monday after the company’s mainland unit said it failed to repay an onshore bond, adding a new layer of uncertainty to the developer’s future as a restructuring plan with its offshore creditors teeters.

Evergrande crisis worsens as defaults pile up, ex-CEO detained

KUALA LUMPUR (Sept 25): Higher operating costs and unfavourable foreign exchange loss (forex) dragged Astro Malaysia Holdings Bhd’s net profit down by 75.98% in the second quarter ended July 31, 2023 (2QFY2024) to RM23.65 million, from RM98.47 million a year earlier.

Higher costs, forex loss drag Astro’s 2Q

Communications and Digital Minister Fahmi Fadzil said all mobile network operators (MNOs) who are participating in Malaysia’s 5G network will hold equal stakes in the government-owned 5G network infrastructure outfit Digital Nasional Bhd (DNB).

Fahmi: All MNOs will have equal stakes in DNB for 5G network

Puncak Niaga Holdings Bhd has discontinued its RM14 billion suit against the Selangor state government for what it had alleged was a forced takeover of the state’s water industry back in March 2017.

Puncak Niaga discontinues RM14b suit against Selangor govt after six years 

The FTSE Bursa Malaysia KLCI (FBM KLCI) is expected to return to the 1,465-point level in the third quarter of 2023, thanks to potential window dressing activities during the period and Prime Minister Datuk Seri Anwar Ibrahim's productive visit to the US, according to Hong Leong Investment Bank Research (HLIB Research).

HLIB: KLCI may revisit 1,465 points in 3Q following PM's successful US trip, potential window dressing

Singapore's key consumer price gauge rose 3.4% in August, almost matching economists' forecasts, and easing compared with July's figures due to lower inflation for services, food, retail and other goods, official data showed on Monday.

Singapore Aug core inflation rises 3.4%, seen easing

Japan will start talks to store its captured carbon dioxide in Malaysia, the Nikkei newspaper reported, without saying where it obtained the information.

Japan to discuss carbon storage with Malaysia — Nikkei 

As more global companies expand into Malaysia or increase their existing investments, authorities must cut down on red tape and strive to improve ease of doing business, said Prime Minister Datuk Seri Anwar Ibrahim.

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