<div class=newsTextDataWrapInner>KUALA LUMPUR (May 21): The Malaysian Anti-Corruption Commission (MACC) questioned a former senior minister and a prominent businessman with a "Tan Sri" title again over the alleged misappropriation of RM2.3 billion in state funds, according to a news report.</div>

<div class=newsTextDataWrapInner>Quoting a source, Free Malaysia Today reported on Sunday (May 21) that the pair were called in by the graftbuster to give their statements, but dismissed rumours that they were arrested.</div>

<div class=newsTextDataWrapInner>On Friday, Bernama reported that the commission was investigating the duo in relation to suspected transactions in several offshore financial centres that were revealed by the Pandora Papers leak in October 2021.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>In addition, the investigation also concerns the purchase and ownership of shares in a major listed companies that was purportedly orchestrated by the former minister.</div>

<div class=newsTextDataWrapInner>The pair are being investigated under the MACC Act 2009 and the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act (AMLA) 2001..</div>

The Malaysian Anti-Corruption Commission (MACC) questioned a former senior minister and a prominent businessman with a "Tan Sri" title again over the alleged misappropriation of RM2.3 billion in state funds, according to a news report.

MACC questions ex-minister, Tan Sri again over alleged RM2.3 bil embezzlement – report

The Royal Malaysian Police have revealed that TikTok is becoming the app of choice for criminal syndicates looking for victims to promote their investment scams, as the app is fast being adopted by social media users.

TikTok becoming app of choice for criminals promoting investment scams — police

Donald Trump’s return to power portends a shakeup in the US approach to addressing America’s fentanyl crisis and what counternarcotics officials say is the biggest obstacle to solving it: China.

Advisors to the Republican president-elect’s transition team are advocating a much more aggressive posture towards Beijing over fentanyl than the one adopted by Democratic incumbent Joe Biden.

Trump camp says China is 'attacking' US with fentanyl. They aim to fight back

IOI Corp Bhd (KL:IOICORP) posted a 133.8% year-on-year jump in its first quarter net profit, primarily driven by foreign exchange (forex) translation gains from its US dollar-denominated borrowings following the strengthening of the ringgit against the greenback, and fair value adjustments on its biological assets and derivative financial instruments.

IOI Corp's 1Q profit soars 133.8% on forex gain, fair value adjustments

Property developer Matrix Concepts Holdings Bhd (KL:MATRIX) has proposed a bonus issue of 625.67 million shares on the basis of one new share for every two shares held.

Matrix Concepts proposes one-for-two bonus issue

Singapore Post (SingPost) said it is in "exclusive discussions" with a potential buyer for its Australian business, as part of a "strategic review" flagged since June.

SingPost in 'exclusive' talks over divestment of Australian assets

Police are tracking down a group of men suspected of committing armed robbery against two men and making off with jewellery worth an estimated RM1.54 million in an incident here on Tuesday.

Cops tracking down suspects involved in RM1.54 mil jewellery heist

Malaysia Airlines is offering discounts of up to 15% for flights across all routes via its website or mobile app, starting from now until Dec 2.

The discounts, under its latest global campaign 'MH Online Specials', apply to flights that will fly from now until Oct 31, it said in a statement.

Malaysia Airlines offers up to 15% off flight tickets on its website, mobile app

Eurozone interest rates will keep falling as inflation is largely defeated and weak economic growth, potentially exacerbated by US trade tariffs, may be the next big issue on the horizon, European Central Bank policymakers said on Tuesday.

ECB policymakers grow nervous about weak growth, Trump tariffs

Vietnam's parliament on Tuesday approved changes to a tax law to require local operators of foreign e-commerce platforms to pay Value-Added Tax (VAT), while calling on the government to scrap a tax exemption for low-cost imported goods.

Vietnam parliament moves to curb tax breaks favouring e-commerce giants

Huawei Technologies Co will from next year strip its smartphones and tablets of Google’s open-source Android and move devices to homegrown software, broadcasting its ambitions to pivot away from US technology.

Huawei drops Android from gadgets next year in China tech pivot

Penang Development Corporation (PDC) has rejected an RM818 million bid by a tripartite consortium led by IJM Corporation Bhd (KL:IJM) to develop the Batu Kawan Industrial Park 2 in Penang, Free Malaysia Today (FMT) reported.

Penang Development Corp rejects RM818 mil bid by IJM-led consortium to develop Batu Kawan industrial park — report

Malayan Banking Bhd (KL:MAYBANK), the country’s largest bank by assets, on Tuesday reported that its quarterly net profit rose 7.6% from a year earlier, as non-interest income growth offset a decline in net interest income.

Maybank's 3Q net profit edges up 7.6% as non-interest income rise offsets decline in interest revenue

Aluminium products manufacturer Winstar Capital Bhd has launched the prospectus for its ACE Market initial public offering (IPO), aiming to raise up to RM25.88 million to purchase new machinery and equipment to expand its manufacturing capacity.

Winstar Capital launches ACE Market IPO at 35 sen per share to raise RM26 mil

Shares of Hong Leong Industries Bhd (KL:HLIND) hit a new record high on Tuesday, after the motorcycle assembler reported a surge in quarterly profits.

Hong Leong Industries shares hit new all-time high amid surge in 1Q profit

The Public Accounts Committee (PAC) has found that Mara Incorporated Sdn Bhd (Mara Inc) purchased&nbsp;overvalued properties in London and Australia&nbsp;in&nbsp;2013 and 2014.

Mara Inc bought overvalued properties in London and Melbourne — PAC

Six years since the financial woes of Lembaga Tabung Angkatan Tentera (LTAT) and Boustead Holdings Bhd came to light, there is still no firm plan in place to nurse either entity back to health.

Alternative Views: LTAT’s obsession with Boustead remains a puzzle

Malaysia's national electricity utility Tenaga Nasional Bhd (KL:TENAGA) is owed more than RM1 billion in arrears from over 600,000 accounts at the end of September which have been disconnected.

Tenaga is owed more than RM1 bil from over 600,000 accounts in arrears

Shares of MBM Resources Bhd (KL:MBMR) broke another new record high on Tuesday, as the company declared a special dividend following better-than-expected results.

MBM Resources' shares touch new highs on special dividend; analysts wary of further upside

Youth and Sports Minister Hannah Yeoh Tseow Suan disagreed with the notion that her autobiography titled&nbsp;Becoming Hannah: A Personal Journey&nbsp;had caused uneasiness among Muslims, as the book had been read by Muslims and non-Muslims alike, and added that the Home Ministry had not banned her book.

Hannah Yeoh: My autobiography did not cause uneasiness among Muslims

The Federation of Investment Managers Malaysia (FIMM) recently reprimanded three former unit trust scheme (UTS) and private retirement scheme (PRS) consultants for breaching FIMM’s Consolidated Rules and Code of Ethics.

In a statement on Tuesday, the federation said a former UTS consultant at CIMB Bank Bhd, Nur Syuhaida Rozaidi, was found violating Paragraph 3.1 of FIMM’s Code and Rule 4.2.1 of the Consolidated Rules.

FIMM reprimands former consultants for misconduct

YTL Power International Bhd (KL:YTLPOWR) saw its net profit for the first quarter ended Sept 30, 2024 (1QFY2025) fall 44.5% compared to the previous year’s corresponding period due to a decline in the group’s power generation business.

YTL Power’s 1Q net profit down 44.5% on decline in power generation business

Pharmaniaga Bhd (KL:PHARMA) on Tuesday reported that it has turned around in the third quarter thanks to higher sales and the reversal of penalty charges from the government.

Pharmaniaga turns around in 3Q, expects strong close to 2024

The Ministry of Finance (MOF) announced on Tuesday that it has decided to register MyData Informatica Sdn Bhd and One Future Solutions Sdn Bhd as new credit reporting agencies.

MOF announces MyData Informatica and One Future Solutions as credit reporting agencies

Shares of Petronas Dagangan Bhd (KL:PETDAG) rose on Tuesday after the fuel retailer reported a jump in quarterly profits that exceeded market expectations.

Petronas Dagangan's shares rise after better-than-expected quarterly results

PLAGUED by an oversupply glut, Lotte Chemical Titan Holding Bhd (LC Titan) (KL:LCTITAN) is facing its toughest challenge since relisting on Bursa Malaysia in July 2017. Analysts are of the view that “noting much can be done for the time being, except to wait for polymer prices to rebound”.
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Lotte Chemical Titan’s tough time to continue as no signs of petrochemical supply-demand dynamics improving, say analysts

Shares of Gas Malaysia Bhd (KL:GASMSIA) rose on Tuesday and flirted with their all-time highs after the natural gas distribution company reported record earnings that came in above consensus expectations.

Gas Malaysia shares flirt with all-time highs; analysts warn of weaker outlook after record earnings

China's electric vehicle giant BYD said it will launch a new generation of blade batteries in 2025, Chinese state media CGTN reported on Saturday.

BYD says it will launch new generation of blade batteries next year

Huawei Technologies Co will from next year strip its smartphones and tablets of Google’s open-source Android and move devices to homegrown software, broadcasting its ambitions to pivot away from US technology.

Eastern &amp; Oriental Bhd (KL:E&amp;O) on Tuesday declared a special dividend, even as the property developer’s net profit only edged up slightly in the second financial quarter from a year earlier.

E&O declares special dividend of one sen, 2Q net profit up 2.2%

Analysts are positive on IJM Corporation Bhd’s (KL:IJM) investment in JRL Group Holdings Ltd, as the move is expected to strengthen its presence in the UK construction sector. &nbsp;