<div class=newsTextDataWrapInner>KUALA LUMPUR (Sept 29): Grant Thornton Malaysia (GT) has resigned as the auditor for Lotus KFM Bhd as both parties are unable to reach a resolution on audit fees and disbursements.</div>

<div class=newsTextDataWrapInner>In a bourse filing, the flour milling business provider said it has received a notice of writing from GT on Sept 29 on their resignation, effective from the date of the notice of resignation.</div>

<div class=newsTextDataWrapInner>According to Lotus KFM, GT was re-appointed its auditors at its annual general meeting on March 17, and was supposed to hold office until the conclusion of the company's next AGM.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Lotus KFM shares finished half a sen or 1.79% lower at 27.5 sen on Friday, giving the company a market capitalisation of RM281 million.</div>

Grant Thornton Malaysia (GT) has resigned as the auditor for Lotus KFM Bhd as both parties are unable to reach a resolution on audit fees and disbursements.

Grant Thornton resigns as Lotus KFM auditor on disagreement over audit fees

Datuk Seri Najib Razak said that he "used" fugitive businessman Low Taek Jho (Jho Low) despite his negative reputation for the country's benefit, the court heard on Wednesday.

1MDB-Tanore: I used Jho Low for country's benefit, Najib says

The Kuala Lumpur International Airport (KLIA) Aerotrain replacement project is still in the multi-phase testing stage and does not yet have a confirmed completion date, said Transport Minister Anthony Loke.

Aerotrain completion date still up in the air, says Loke

Transport Minister Anthony Loke said he hopes the privatisation of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) can be finalised soon.

Frustrated with MAHB's decision-making delays, Loke backs privatisation to boost efficiency

(Jan 15): The exchange rate matters for the euro-area economy over time, though monthly movements in currency are typically absorbed by companies, European Central Bank (ECB) chief economist Philip Lane said.

ECB’s Lane says FX matters even if firms absorb initial swings

The uncertainty likely to be injected into markets this year by US President-elect Donald Trump promises to be yet another driver of attractive bond returns, according to Pacific Investment Management Co (Pimco).

Pimco says own more bonds as Trump ushers in era of uncertainty

(Jan 15): Aluminum ticked higher, with the European Union (EU) considering import restrictions on Russian metal and Chinese production growth expected to slow.

Aluminum rises on EU’s possible Russia ban, China supply trends

A total of 138,817,425 cashless transactions have been recorded through the National Cashless Boleh 4.0 Campaign, which began on Dec 1, 2023 and ended on Nov 30, 2024.

Deputy Finance Minister Lim Hui Ying said that the recorded transactions accounted for 86% of the total for the 20 government agencies involved, in aggregate.

Over 138 million transactions recorded through Cashless Boleh 4.0 campaign

The notion of having economic powerhouse China settle the debts accumulated by troubled state strategic development firm 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd is "absurd", the High Court heard on Wednesday.

China to settle 1MDB debt in 2016? 'Absurd,' says Najib

Sarawak Premier Tan Sri Abang Johari Openg has commended Prime Minister Datuk Seri Anwar Ibrahim’s recognition of Sarawak state-owned Petroleum Sarawak Bhd (Petros) as the state's gas aggregator.

Abang Jo welcomes Anwar's recognition of Petros as Sarawak's gas aggregator

SINGAPORE (Jan 15): Grab has partnered with BYD to provide more electric vehicle (EV) choices across Southeast Asia.

Grab partners BYD to expand EV fleet offering in Southeast Asia

U Mobile Sdn Bhd will likely struggle to roll out Malaysia’s second 5G network, pushing the company to even consider a merger, said Hong Leong Investment Bank (HLIB).

U Mobile will struggle to roll out second 5G network, may even consider merger — analysts

Impeached South Korean President Yoon Suk Yeol was arrested and questioned by authorities in relation to a criminal insurrection investigation on Wednesday, saying he was only cooperating with what he called an illegal probe to avoid violence.

South Korean investigators question arrested President Yoon in insurrection probe

The Employees Provident Fund's (EPF) investment decisions, including the trading of Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) shares, align with its broader investment objectives and are aimed at generating income required for dividend payments during the financial year.

EPF says investment in MAHB to support dividend payouts

JOHOR BAHRU (Jan 15):&nbsp;A former engineer suffered a loss of RM9.47 million after participating in a non-existent online cryptocurrency investment scheme that claimed to offer high returns.

Ex-engineer loses RM9.47m in cryptocurrency investment scam

MN Holdings Bhd (KL:MNHLDG), a specialist in underground utilities and substation engineering, will experience minimal disruption to its ongoing data centre projects despite recent US export controls on artificial intelligence (AI) chips, according to Phillip Capital.

MN Holdings' key customer largely unaffected by AI chip curbs, says Phillip Capital

(Jan 15): At least eight major distressed Chinese firms, including a China Evergrande Group unit, are set to defend themselves in court cases relating to their debt problems over the next two weeks, in one of the busiest stretches ever for such hearings.

Distressed Chinese companies face flurry of court hearings

KUALA LUMPUR (Jan 15): The five independent directors of Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT) have not been terminated, contrary to a statement made by Machang Member of Parliament Wan Ahmad Fayhsal Wan Ahmad Kamal.

MAHB: Five independent directors not terminated

Affin Bank Bhd's (KL:AFFIN) ambitious branch expansion plan is expected to keep its cost-to-income ratio (CIR) elevated for the next few years, according to CGS International, which is reiterating its 'reduce' recommendation on the bank.

Affin Bank's expansion plan will keep costs high for next few years, says CGS

Malaysia’s exports could grow at a slower pace this year, due to impending higher US tariffs, though trade diversions could provide some cushion, according to think tank Socio-Economic Research Centre (SERC).

Malaysia to take hit from Trump tariffs, but blow could be softened by trade diversion, says think tank

Global markets treaded water on Wednesday ahead of US consumer price data that could potentially shift the monetary policy outlook there, while investors waited to see if earnings of big banks would match sky-high expectations.

Traders mark time ahead of US CPI, bank earnings

Steel products maker Colform Group Bhd has priced its initial public offering (IPO) at 36 sen per share, which will gross up to RM60.63 million, ahead of its listing on the ACE Market.

Steel products maker Colform fixes IPO price at 36 sen to raise over RM60m from ACE Market listing

New users have piled in to Chinese social media app RedNote just days before a proposed US ban on the popular social media app TikTok, as the lesser-known company rushes to capitalise on the sudden influx while walking a delicate line of moderating English-language content, sources told Reuters.

Over half a million ‘TikTok refugees’ flock to China's RedNote, Reuters reports

KUALA LUMPUR (Jan 15): Yinson Holdings Bhd’s (KL:YINSON) move to rope in foreign partners for its production unit would strengthen its own balance sheet and reduce the reliance on debt, analysts said.

Yinson’s move to rope in foreign partners for unit is timely, will strengthen balance sheet, analysts say as shares rise

KUALA LUMPUR (Jan 15): Plantation giant SD Guthrie Bhd (KL:SDG), previously known as Sime Darby Plantation, has announced the appointment of Tan Seri Datuk Seri Mohd Zuki Ali as its non-independent and non-executive director.

EPF chairman Mohd Zuki Ali joins SD Guthrie board

The notion of having economic powerhouse China settle the debts accumulated by troubled state strategic development firm 1Malaysia Development Bhd (1MDB) and SRC International Sdn Bhd&nbsp;is "absurd", the High Court heard on Wednesday.

U Mobile Sdn Bhd has inked a memorandum of understanding (MoU) with CIMB Bank Bhd to extend financing support for its upcoming 5G network roll-out.

The MOU marks the latest financing partnership between U Mobile and CIMB&nbsp;of which, in 2021, the bank participated in a RM1.2 billion facility to U Mobile, which was later upsized to RM1.4 billion in 2023.

U Mobile inks MOU with CIMB to finance 5G network roll-out

(Jan 15):&nbsp;Donald Trump’s inauguration promises to usher in an era of upheaval in global commerce, forcing governments around the world to scramble in preparation for a tariff onslaught, even before he’s back in the White House.&nbsp;

World readies for Trump tariffs even before his White House return

Thailand may permit bitcoin exchange-traded funds (ETFs) to list on local exchanges for the first time as the country vies to nurture a digital-assets hub. &nbsp;

Thailand mulls allowing first bitcoin ETF in bid to boost sector

KUALA LUMPUR (Jan 15): The Socio-Economic Research Centre (SERC) has urged the government to reconsider the proposed mandatory Employees Provident Fund (EPF) contribution for foreign workers, to ease financial burdens on businesses.