<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Malaysia Weekly on June 19, 2023 - June 25, 2023</span></p></div><div><img alt="" class="gallery-items" data-high-res-src="https://assets.theedgemarkets.com/pics/2023/TEM1477-infographic-2_theedgemalaysia.jpg" src="" /></div>

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Corporates in Malaysia are looking to move more of their supply chains closer to home over the next 12-24 months, according to HSBC’s report titled “Global Supply Chains — Networks of Tomorrow”.

Malaysian corporates realign supply chains

Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record US$325.2 billion (RM1.43 billion).

Berkshire's cash soars to US$325b as Buffett sells Apple, BofA; operating profit falls

US investment group KKR is in talks with troubled British utility Thames Water and its advisers about participating in a £3 billion (US$3.88 billion or RM16.99 billion) share sale which forms part of a wider recapitalisation plan, Sky News reported on Saturday.

KKR exploring investment in Thames Water share plan — report

The government will introduce stricter laws to tackle cyberbullying, which is becoming more concerning, said Prime Minister Datuk Seri Anwar Ibrahim.

Govt to introduce stricter laws to tackle cyberbullying, says Anwar

TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore.

TGI Friday's operator files for bankruptcy amid financial woes

British Prime Minister Keir Starmer promised reforms to speed up the economy and overhaul the public sector after the Labour government's first budget failed to boost the growth outlook and sent government bond prices into a two-day dive.

UK's Starmer pledges more growth reforms after budget hit to markets

Cooperation between Pakatan Harapan (PH) and Barisan Nasional (BN) should continue in the next general election following the political stability the country is currently enjoying.

PH-BN cooperation should continue, says Anwar

Prime Minister Datuk Seri Anwar Ibrahim has instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.

Anwar directs Khazanah to audit RM43.9m FashionValet investment loss

The West Coast Expressway (WCE) from Banting, Selangor, to Gelang Patah, Johor, will serve as an alternative route to alleviate the traffic congestion frequently faced by motorists on the North-South Expressway (NSE).

Loke: WCE to ease NSE congestion, boost local economy

Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.

Accurate data needed to curb leakages in govt subsidies, says Anwar

The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.

MACC opens investigation on Khazanah and PNB investment in online fashion business

<p>TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim has instructed Khazanah Nasional Bhd to conduct an internal audit following the RM43.9 million investment loss in FashionValet Sdn Bhd.</p>


<p>The Malaysian Anti-Corruption Commission (MACC) has opened an investigation into the investment losses of Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) in a local online fashion business.</p>


<p>The West Coast Expressway (WCE) from Banting, Selangor, to Gelang Patah, Johor, will serve as an alternative route to alleviate the traffic congestion frequently faced by motorists on the North-South Expressway (NSE).</p>


<p>Warren Buffett and Berkshire Hathaway extended their retreat from stocks in the third quarter, slashing their holdings in Apple and boosting cash to a record US$325.2 billion (RM1.43 billion).</p>


<p>Cooperation between Pakatan Harapan (PH) and Barisan Nasional (BN) should continue in the next general election following the political stability the country is currently enjoying.</p>


<p>The auditor general has been empowered to conduct audits on the accounts of 1,856 other companies, including the government-linked companies (GLCs) which came into effect on Friday.</p>


Auditor general empowered to audit account of 1,856 other bodies, GLCs

<p>Leakages and wastage in government subsidies allocated to the people must be effectively addressed through accurate data and information provided by the Department of Statistics Malaysia (DOSM), said Prime Minister Datuk Seri Anwar Ibrahim.</p>


<p>British Prime Minister Keir Starmer promised reforms to speed up the economy and overhaul the public sector after the Labour government's first budget failed to boost the growth outlook and sent government bond prices into a two-day dive.</p>


<p>US investment group KKR is in talks with troubled British utility Thames Water and its advisers about participating in a £3 billion (US$3.88 billion or RM16.99 billion) share sale which forms part of a wider recapitalisation plan, <em>Sky News</em> reported on Saturday.</p>


<p>The government will introduce stricter laws to tackle cyberbullying, which is becoming more concerning, said Prime Minister Datuk Seri Anwar Ibrahim.</p>
