Dewan Rakyat Speaker Tan Sri Johari Abdul did not rule out the possibility that Parti Pribumi Bersatu Malaysia (Bersatu) might challenge his decision not to vacate six parliamentary seats in court.

Bersatu’s right to challenge decision over rebel MPs in court — Dewan Rakyat Speaker

The Online Safety Bill is expected to be tabled in the upcoming Parliament meeting, said Communications Minister Fahmi Fadzil.

Online Safety Bill expected to be tabled in coming Parliament sitting — Fahmi

Malaysian start-ups now can look forward to presenting their idea directly to policymakers in Parliament, as mooted by Communications Minister Fahmi Fadzil during the KL Startup Summit (KLSS) 2024 on July 17.

Fahmi proposed to let start-ups pitch directly to lawmakers — summit organiser

Deputy Prime Minister Datuk Seri Fadillah Yusof said that the draft memorandum of understanding (MOU) concerning allocations to opposition members of Parliament had been finalised, and is now ready for submission.

Draft MOU on allocation to opposition MPs ready for submission, says Fadillah

KUALA LUMPUR (Aug 1): The Economy Ministry and the Malaysian Productivity Corporation (MPC) are in final stages of preparation to present an action plan to improve the efficiency of processes and procedures, as well as the implementation of structural reforms to facilitate doing business in Malaysia.

Rafizi: Action plan to improve efficiency of business processes, procedures in final stage

The e-filing system for sexual harassment victims to alert the Tribunal for Anti-Sexual Harassment (TAGS) being developed buy the Ministry of Women, Family and Community Development (KPWKM) is expected to start operation next year.

E-filing system for sexual harassment victims to start operation in 2025 — Noraini

The government, through the Inland Revenue Board (IRB), prioritises safeguarding the security of data within the MyInvois system, while ensuring that implementation objectives are met comprehensively, Finance Minister II Datuk Seri Amir Hamzah Azizan said.

Amir Hamzah said the security of MyInvois is maintained through compliance with the IRB's information and communications technology (ICT) security policy, information security guidelines for cloud computing in public services, and other relevant government ICT security policies, circulars and guidelines.

Govt prioritises data security, effective implementation of MyInvois system, says Amir Hamzah

There are currently no proposals or discussions regarding the decentralisation of power to state governments, particularly for Sabah and Sarawak, in the context of trade and economic diplomacy, said the Ministry of Economy.

Ministry of Economy: No discussions on decentralising power to Sabah, Sarawak

The boycott movement on foreign businesses and products is not seen to have a significant impact on the national economy, the Ministry of Economy said.

Through a reply posted on the Parliament's website on Wednesday, the ministry said the boycott has not impacted the economy since the contribution of the food and beverage subsector to the gross domestic product (GDP) is small, which is 2.4% in the first quarter of 2024.

Ministry of Economy: Boycott movement has no significant impact on national economy

Amendments to the Personal Data Protection Act 2010 are being made due to the rapid technological advancements, which require society to rely on digital platforms for business purposes while also expecting protection, said Digital Minister Gobind Singh Deo.

Amendments to Personal Data Protection Act needed due to rapid tech growth — Gobind

The Ministry of Health (MOH) spends a total of RM137 million a year to maintain 201 health clinics nationwide under the Clinic Support Services (PSK), with a five-year contract from 2022, the Dewan Negara was told on Wednesday.

Health ministry spends RM137 mil yearly to maintain 201 health clinics

KUALA LUMPUR (July 31): The Limited Liability Partnerships (Amendment) Bill 2024, which aims to help reduce liability for partners in conventional partnerships, was passed by Dewan Negara on Wednesday.

Dewan Negara passes Limited Liability Partnerships (Amendment) Bill 2024

The implementation of targeted diesel subsidies is not expected to have a significant impact on inflation and economic growth, as the government has taken into account the rate of increase in the retail price of diesel and the cash assistance provided, the Ministry of Finance (MOF) said.

Therefore, the official 2024 forecast for inflation remains at 2.0% to 3.5%, while the gross domestic product growth estimate stays at 4.0% to 5.0%, the ministry said.

MOF: Inflation, economic growth forecasts not affected by targeted diesel subsidies

The Dewan Negara approved two bills related to the aviation industry, after the third reading on Tuesday.

The bills are the Civil Aviation Authority of Malaysia (Amendment) Bill 2024 and the Malaysian Aviation Commission (Dissolution) Bill 2024, and they were passed by a majority vote after being presented by Deputy Transport Minister Datuk Hasbi Habibollah.

Dewan Negara passes two aviation industry-related bills

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

The US Coast Guard on Wednesday suspended operations at the offshore energy services hub Port Fourchon, Louisiana, as hurricane Francine bore down on the coast, according to a shipping advisory.

Operations at key Louisiana energy port suspended as Francine approaches

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

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

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

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

theedgemalaysia.com&nbsp;highlighted one stock with negative momentum at Bursa Malaysia’s noon market break on Wednesday.

IGB Commercial REIT

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

KUALA LUMPUR (Sept 11): Former attorney general (AG) Tan Sri Tommy Thomas’ bid to recuse a High Court judge presiding over Tan Sri Shahrir Abdul Samad’s malicious prosecution suit against him will be heard on Nov 6 this year.

Ex-AG Tommy Thomas’ bid to recuse judge in malicious prosecution suit to be heard in November

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.

Parliament

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