Corporate Malaysia handed in a largely disappointing first quarter earnings report card, which reflected general weakness in the economy, dragged by slowing external demand, with little help seen from the much-anticipated reopening of China.

More companies reported earnings that were below expectations in the January to March period of this year compared with the previous quarter, while there were fewer companies that managed to surprise with better-than-expected results, said Fortress Capital Asset Management chief executive officer Thomas Yong

Malaysia's corporate profits disappoint on slowing demand, with little help from China reopening

Swiss National Bank Chairman Thomas Jordan on Wednesday (May 31) defended recent interest rate hikes to tackle inflation, saying they were neither damaging for Swiss financial stability nor responsible for the downfall of Credit Suisse.

SNB defends raising rates, says not to blame for Credit Suisse failure

Prime Minister Datuk Seri Anwar Ibrahim wants the Local Government Development Ministry to review conditions set for housing developers to ensure that they provide affordable housing for all mega projects developed.

Anwar orders review of affordable housing requirements for developers

Panasonic Manufacturing Malaysia Bhd has clarified a news report that it will shut down several of its operations in Malaysia this year, which will leave hundreds of its workers jobless.

Panasonic says shutting down only two manufacturing units in Shah Alam

The High Court has set Aug 29 to hear Parti Pribumi Bersatu Malaysia’s (Bersatu) application for leave (permission) for a judicial review against Dewan Rakyat Speaker Datuk Johari Abdul's decision not to vacate the seats of four Members of Parliament from Sabah.

High Court sets Aug 29 to hear Bersatu's bid to challenge Dewan Rakyat Speaker's decision not to vacate seats of defected MPs

Former Green Packet Bhd group managing director Puan Chan Cheong, more familiarly known as CC Puan, has been declared bankrupt by the Kuala Lumpur High Court after failing to meet the requirements of bankruptcy notices filed on May 24 last year.

CC Puan declared bankrupt for failing to settle RM31m owed to Medinis, Everegion

KUALA LUMPUR (June 1):  The collective wealth of Malaysian tycoons on the 2023 Forbes list of Malaysia’s 50 Richest edged up to US$81.6 billion, from US$80.5 billion last year.

50 richest Malaysians added US$1.1 bil to wealth last year, says Forbes

MCA Wanita chairperson Wong You Fong can be designated as an independent director of Star Media Group Bhd, where the political party owns a 43.23% direct stake, following an assessment conducted by the group’s nomination committee, said its independent non-executive chairman Tan Sri Chor Chee Heung.

Star Media chairman insists MCA Wanita chief can be independent director of the MCA-controlled company

US inspectors have in recent months uncovered wide-ranging lapses at factories run by some of India’s biggest pharmaceutical firms, as the world’s top supplier of cheap medicine faces increased scrutiny after a spate of deadly manufacturing incidents.

Contaminated drugs, shredded papers: US FDA uncovers failures in Indian pharma factories

Toyota Motor Corp said on Wednesday (May 31) that information on customers in some countries in Oceania and Asia, excluding Japan, may have been left publicly accessible from October 2016 to May 2023.

Toyota says some customers in Asia, Oceania face risk of data leak

Bahvest Resources Bhd’s managing director and CEO Datuk Lo Fui Ming have resigned from the group, ahead of its extraordinary general meeting (EGM) seeking his removal and two other directors on June 13.

Bahvest CEO and son quit ahead of EGM vote on their removal

JPMorgan Chase & Co CEO Jamie Dimon said on Wednesday (May 31) the US and China need to have "real engagement" to resolve their tricky security and trade matters.

JPMorgan's Dimon says US, China need 'real engagement' to resolve issues

Star Media Group Bhd shareholders have voted to reject its proposal to sell properties, consisting of two units of factory and warehouse in Shah Alam, to Matang Bhd for RM33 million in a share and cash deal.

In Star Media’s virtual extraordinary general meeting (EGM) on Wednesday morning (May 31), 46% of shareholders who were present in the meeting holding 81.7% of voting shares rejected the resolution, while 53% of present shareholders holding 18.3% voted in support. The Malaysian Chinese Association (MCA), which holds 43.23% of Star Media, did not vote, being an interested party due to shareholdings in both companies.

Star Media minority shareholders reject related party deal with Matang

He's "a pioneer", "Brother Ma" and some want him to be US president. Billionaire Elon Musk has been showered with praise by the Chinese public during his trip to China and while also securing audiences with three government ministers.

Elon Musk greeted with flattery and feasts during China trip

Elon Musk knocks Bernard Arnault off the perch to reclaim top spot

Kenanga Research projects  CY23F FBM KLCI earnings to contract by 1.2%

Australia raises minimum wage by 5.75% as living costs surge

HLIB Research says Velesto's valuations have become inflated

Elon Musk is accused of insider trading by investors in Dogecoin lawsuit

Russia accuses US intelligence of hacking thousands of iPhones

Apple plans major retail push with new stores across China, US

Wall Street rises on hopes of Fed pausing hikes, debt ceiling deal cheer

Global equities rise, U.S. yields fall after debt ceiling bill advances

Panasonic Malaysia, Affin Hwang Investment, Velesto Energy, Green Packet, Top Builders Capital, Star Media, Citaglobal, AME Elite, SCIB, UP, Meta Bright, Top Builders, Kimlun and Synergy House

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