Jack Ma urged Alibaba Group Holding Ltd to correct course in a surprise internal memo, in which the billionaire called for fundamental change across the company he co-founded decades ago.

Jack Ma urges Alibaba to ‘correct course’ in rare internal memo

Japanese mobile operator NTT Docomo Inc has joined a consortium led by Mitsui & Co in the bidding for a majority stake in the tower unit of Malaysia’s biggest wireless firm Axiata Group Bhd, according to people with knowledge of the matter.

Japan’s NTT Docomo joins Mitsui-led group in Edotco bidding, sources say

Options in GameStop Corp are seeing wild volumes, as traders bet that the stock will rally 50% in little over a week.

Traders bet GameStop will jump 50% within two weeks

Amazon.com Inc is rolling out a workplace chatbot called Amazon Q, designed to help corporate customers search for information, write code and review business metrics.

Amazon to release Q, an AI chatbot for corporate customers

Apple is pulling the plug on its credit card partnership with Goldman Sachs Group, The Wall Street Journal (WSJ) reported on Tuesday.

Apple to end credit card partnership with Goldman Sachs — WSJ

Britain's competition regulator said on Tuesday Photoshop owner Adobe's US$20 billion (RM93.43 billion) buyout of cloud-based designer platform Figma could harm innovation for software used by the vast majority of UK digital designers.

UK regulator says Adobe's US$20b Figma deal could harm sector

The potential threat posed by the rapid development of artificial intelligence (AI) means safeguards need to be built in to systems from the start rather than tacked on later, a top US official said on Monday.

AI threat demands new approach to security designs — US official

Rules governing the use of artificial intelligence should support innovation, Google's chief legal officer Kent Walker said on Tuesday, echoing pleas by a wide swath of businesses and tech groups as the European Union races to agree AI rules next month.

AI legal framework needs to promote innovation, senior Google executive says

The rapid adoption of artificial intelligence could reduce wages, but so far is creating, not destroying jobs, especially for the young and highly-skilled, research published by the European Central Bank showed on Tuesday.

AI threatens wages, not jobs...so far, ECB paper finds

Low salary and a lack of exposure are seen as among factors which led to a dearth of talent in the profession in Malaysia.

Low wages, lack of exposure among reasons for Malaysia’s lack of cyber security talent 

SenseTime Group Inc shares plummeted their most since April after short-seller Grizzly Research released a report accusing the Chinese artificial intelligence (AI) company of inflating its revenues.

Chinese AI firm SenseTime dives after short-seller takes aim

BEIJING (Nov 28):  Alibaba's cloud service said it suffered a near two-hour long disruption affecting customers in mainland China, Hong Kong and the United States on Monday (Nov 27), its second outage within a month.

Alibaba Cloud suffers second service outage in a month

Mobile network operators (MNOs) and Digital Nasional Bhd (DNB) have yet to sign a share subscription agreement (SSA), Communications and Digital Minister Fahmi Fadzil said, as a few details related to the agreement still need to be ironed out.

Telcos, DNB yet to sign share subscription agreement on 5G; a few details to be finalised — Fahmi

SINGAPORE (Nov 28): Lotus Technology, the luxury electric vehicle arm of sports car brand Lotus, said on Tuesday that it has secured US$870 million in financing ahead of the completion of its merger with blank cheque company L Catterton Asia Acquisition (LCAA).

Geely and Etika Automotive-affiliated Lotus Tech secures US$870m ahead of deal completion with L Catterton SPAC

SINGAPORE (Nov 29): Cambodia has abandoned plans to build a US$1.5 billion 700 megawatt (MW) coal-fired power project in a protected reserve along the southwestern coast and will build an 800 MW natural-gas fired plant instead, its energy minister told Reuters.

Cambodia scraps coal power project to build gas-fired plant, import LNG

Communications and Digital Minister Fahmi Fadzil will meet with the management of the Information Department soon to discuss Harakah’s appeal over the revocation of its media accreditation cards.

Fahmi to meet with Info Dept over Harakah's appeal following revocation of its media accreditation cards

DAP veteran Tan Sri Lim Kit Siang, the party's national chairman Lim Guan Eng, and Seputeh Member of Parliament Teresa Kok have filed separate defamation suits against Kepala Batas MP Dr Siti Mastura Muhammad in the Georgetown High Court.

Three DAP leaders file defamation suits against Kepala Batas MP

SO seriously does LGMS Bhd take cybersecurity that a user’s site is vetted before he or she can even access its website.

“Checking if site connection is secure …”, its web page states as a scan is conducted for a few seconds before a user is allowed access, ostensibly as no virus or mal...

LGMS to expand reach in non-core markets

Analysts hold a positive view of Tenaga Nasional Bhd’s (TNB) prospects, in anticipation that electricity demand over the immediate term will be fuelled by the expected influx of new data centres in Malaysia.

Analysts positive on TNB’s earnings outlook, data centres to drive immediate growth

Funding Societies has inked a strategic partnership with Halal Development Corp Bhd (HDC) to offer halal businesses access to shariah-compliant digital financing facilities, enhancing the development of the halal ecosystem.

Funding Societies inks partnership with Halal Development Corp to develop halal ecosystem

Public Bank Bhd's net profit for the third quarter ended Sept 30, 2023 rose 7% to RM1.70 billion from RM1.59 billion a year earlier, on the back of healthy loans and customer deposits growth.

Public Bank's 3Q net profit rises 7% to RM1.7 bil

The survival of natural rubber as a smallholder crop is in doubt due to the depressed rubber prices seen over the last couple of years. Rubber smallholders, due to poor incomes from the sale of rubber, are finding it very difficult to survive economically. They have no control whatsoever over rub...

My Say: Cultivating rubber smallholders for the good of the planet

KUALA LUMPUR (Nov 29): Leform Bhd’s investors might have finally sighed a relief over the past two months, as the steel product manufacturer they invested in made a steep climb after staying range-bound for the most part last 12 months since the company’s initial public offering (IPO) nearly a year ago.

Leform’s 33% rise in share price month-to-date raises eyebrows

Charlie Munger, who quit a law career to become Warren Buffett's trusted confidant and longtime second-in-command at Berkshire Hathaway, died on Tuesday morning. He was 99.

Charlie Munger, who was Warren Buffett's right-hand man, dies at 99

In 2022, the number of graduates in Malaysia rose 5.1% to 5.92 million, while the graduate’s unemployment rate declined 3.7%, according to data released by the Department of Statistics Malaysia in its Graduate Statistics 2022 report.

Rise in number of graduates, drop in number of those unemployed

Analysts have upgraded their ratings on Farm Fresh Bhd (FFB), as they expect the dairy producer’s sequential earnings to improve further.

Analysts upgrade Farm Fresh ratings on expected improvement in sequential earnings

Public Bank Bhd's net profit for the third quarter ended Sept 30, 2023 rose 7% to RM1.70 billion from RM1.59 billion a year earlier, on the back of healthy loans and customer deposits growth.

Analysts remain positive on KPJ Healthcare Bhd’s growth trajectory, and said they favour the medical group’s strategy to further grow its medical tourism business.

Analysts stay positive on KPJ’s growth trajectory

Japanese mobile operator NTT Docomo Inc&nbsp;has joined a consortium led by Mitsui &amp; Co&nbsp;in the bidding for a majority stake in the tower unit of Malaysia’s biggest wireless firm Axiata Group Bhd, according to people with knowledge of the matter.

MSCI's&nbsp;global&nbsp;stock index advanced on Tuesday, while the dollar fell as a Federal Reserve (Fed) official signalled that the US&nbsp;central bank is done raising rates, and could even consider rate cuts if inflation keeps easing.

Stocks rise as dollar falls, gold rallies on Fed commentary

DAP veteran Tan Sri Lim Kit Siang, the party's national chairman Lim Guan Eng, and Seputeh Member of Parliament Teresa Kok have filed separate defamation suits against Kepala Batas MP Dr Siti Mastura Muhammad in the Georgetown High Court.

The ringgit continued its upward momentum to open higher against the US dollar on Wednesday, as US Treasury yields and dollar indices dropped to their lowest in months, said an analyst.

Ringgit continues uptrend against US dollar

KUALA LUMPUR (Nov 29): Prolonged weakness in the ringgit and a surge in petrol and diesel prices may risk Malaysia’s producer price index (PPI) and consumer price index (CPI) in 2024, despite analysts foreseeing low inflationary pressure to persist at least until the first half of 2024 (1HCY2024), said MIDF Research in a note on Wednesday.

MIDF Research: Prolonged weakness in ringgit and surge in petrol and diesel prices may risk Malaysia’s PPI and CPI in 2024

KUALA LUMPUR (Nov 29): Kepong Member of Parliament (MP) Lim Lip Eng has been granted a stay of execution over the RM2 million judgement in a defamation suit brought against him by MonSpace (M) Sdn Bhd and its founder Datuk Seri Jessy Lai.

Kepong MP gets stay on RM2 mil libel award in MonSpace defamation suit until disposal of appeal

Analysts maintained their recommendations on Press Metal Aluminium Holdings Bhd, despite the integrated aluminium producer’s earnings for the third quarter ended Sept 30, 2023 (3QFY2023) missing market consensus forecasts, with expectations that aluminium prices will remain subdued.

Press Metal's 3Q results miss market expectations; aluminium prices to remain subdued

The search and rescue (SAR) operation continued on Wednesday morning for four victims feared to be still buried in the rubble of a logistic warehouse under construction that collapsed&nbsp;in Batu Maung, Bayan Lepas here&nbsp;on Tuesday&nbsp;night.

Search and rescue operation continues after Bayan Lepas warehouse collapse

The Sessions Court here has denied former prime minister Tan Sri Muhyiddin Yassin’s bid to have his passport returned to him permanently and unconditionally.&nbsp;

Muhyiddin fails to get permanent release of passport but secures temporary release

Apple is pulling the plug on its credit card partnership with Goldman Sachs Group, The Wall Street Journal&nbsp;(WSJ) reported on Tuesday.

Hong Leong Investment Bank (HLIB) Research has downgraded Bank Islam Malaysia Bhd (BIMB) to “hold” at RM2.24, with an unchanged target price (TP) of RM2.35, and said BIMB’s profit for the third quarter ended Sept 30, 2023 (3QFY2023) decreased 2% year-on-year due to a negative Jaws ratio (from higher operating expenditure), along with larger financing loss provision.

HLIB downgrades Bank Islam to 'hold', keeps target price at RM2.35

KUALA LUMPUR (Nov 29): Analysts are upbeat on Wasco Bhd’s outlook after the pipe-coating solutions provider’s results for the third quarter ended Sept 30, 2023 (3QFY2023) came in within expectations.

Analysts upbeat on Wasco’s outlook after 3Q earnings meet expectations

Options in GameStop Corp&nbsp;are seeing wild volumes, as traders bet that the stock will rally 50% in little over a week.

Bursa Malaysia opened on a positive note&nbsp;on Wednesday,&nbsp;taking its cues from the US equity markets overnight, a dealer said.

Bursa opens higher in early trade

Malaysia's banking sector will revert to a pre-pandemic state of modest growth and profitability in 2024, said Fitch Ratings.&nbsp;

Tech

‌‌

‌
‌