<div class=newsTextDataWrapInner><p><span style="font-style: italics;">This article first appeared in The Edge Malaysia Weekly on December 18, 2023 - December 24, 2023</span></p></div><div><img alt="" class="gallery-items" data-high-res-src="https://assets.theedgemarkets.com/pics/2023/TEM1503-infographic-2_theedgemalaysia.jpg" src="" /></div>

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The rapid expansion of the country’s digital economy in recent years positions it as a potential primary driver of development. The government sees it as a key driver of economic growth and a new source of fiscal revenue.

Overview of Malaysia’s digital economy

KUALA LUMPUR (Nov 15): Malaysia’s central bank on Friday liberalised foreign exchange rules to make it easier for international financial institutions to issue ringgit-denominated bonds and sukuk in the country.

Malaysia eases FX rules to allow foreign financial institutions to sell ringgit bonds

KUALA LUMPUR (Nov 15): theedgemalaysia.com highlighted two stocks with negative momentum at Bursa Malaysia’s afternoon close on Friday.

Stocks with momentum on Nov 15, 2024: Matrix Concepts, Teo Seng Capital

KUALA LUMPUR (Nov 15): A consortium led by Khazanah Nasional Bhd and Employees Provident Fund (EPF) on Friday made a formal takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) at RM11 per share, after securing relevant regulatory approvals.

Khazanah-EPF consortium launches formal offer for Malaysia Airports after receiving nod from regulators

Elon Musk is ramping up his feud with Sam Altman, alleging in a court filing that OpenAI is trying to corner the market for generative artificial intelligence and sacrificing safety in a race to get ahead.

Musk escalates Altman legal feud, casting OpenAI as monopolist

TOKYO (Nov 15): Bank of Japan (BOJ) governor Kazuo Ueda will deliver a speech and hold a news conference in the central Japan city of Nagoya next Monday, the BOJ said, an event that will be closely watched by markets for hints on whether it might raise interest rates next month.

BOJ may offer hints of next rate-hike timing in Ueda's closely watched speech

Asian currencies found some support on Friday after a volatile past few sessions, with the Singapore dollar and Thai baht creeping higher, while Malaysia's ringgit held its ground despite a slowdown in growth in the third quarter.

Asian currencies take a breather after volatile week, ringgit steady 

KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.

Malaysia’s economy expands a tad slower in 3Q, still on track with 2024 forecast

The business challenge of the 21st century is finding sustainable, profitable solutions to existential threats — all while not causing harm to the environment.

Businesses are increasingly expected to integrate sustainability, marry profit and purpose, and strive to “do well by doing goo...

My Say: From local to global: How local start-ups can thrive with sustainability-first strategies

PALM BEACH, Florida (Nov 14): US President-elect Donald Trump said on Thursday that North Dakota governor Doug Burgum, a wealthy former software company executive, will be his pick for interior secretary.

Trump picks North Dakota governor Burgum for interior secretary

Singapore home sales rose to the highest level in nearly a year, after developers released more inventory in suburban districts.

Singapore home sales reach 11-month high on suburban demand

<p>WASHINGTON (Nov 14): No major US trading partner manipulated its currency in the year to June 30, the Treasury Department said on Thursday in the Biden administration's final semi-annual currency report before turning over policing of foreign exchange practices to President-elect&nbsp;Donald Trump.</p>


US Treasury finds no currency manipulation by major trading partners, drops Malaysia off from its monitoring list

<p>KUALA LUMPUR (Nov 15): A consortium led by Khazanah Nasional Bhd and Employees Provident Fund (EPF) on Friday made a formal takeover offer for Malaysia Airports Holdings Bhd (KL:AIRPORT) at RM11 per share, after securing relevant regulatory approvals.&nbsp;</p>


<p>KUALA LUMPUR (Nov 15): Shares of Metro Healthcare Bhd (KL:METRO) edged higher on Friday in its trading debut on the ACE Market, after the fertility and maternity specialist raised RM39.16 million from its initial public offering (IPO).</p>


Metro Healthcare ekes out tiny gain on ACE Market debut after RM39 mil IPO

<p>Malaysian Prime Minister Datuk Seri Anwar Ibrahim’s government faces criticism after it awarded a tender to build the country’s second 5G network to one of the smallest players in the telecommunications industry.</p>


Anwar faces scrutiny over 5G tender pick

<p>The proposed merger between Bumi Armada Bhd (KL:ARMADA) and MISC Bhd’s (KL:MISC) offshore businesses is expected to result in MISC holding a 68% majority stake in the new entity, with a combined valuation of RM14.6 billion, according to CIMB Securities.</p>


MISC likely to hold 68% stake in Bumi Armada merger, with RM14.6b combined valuation

<p>MR DIY Group (M) Bhd’s (KL:MRDIY) shares fell to their lowest in three months on Friday amid weaker-than-expected third-quarter earnings, prompting analysts to cut their earnings forecasts due to weak consumer sentiment and lower spending power.</p>


MR DIY shares fall to three-month low as quarterly results miss expectations

<p>While trade tensions between the US and China are bringing more investments to Southeast Asia, including Malaysia, worries over slower global growth and higher costs loom, according to Malaysia’s trade and investment chief.</p>


Zafrul flags longer term pain from US-China rift

<p>KUALA LUMPUR (Nov 15): Fertiliser manufacturer Cropmate Bhd has unveiled the prospectus for its ACE Market initial public offering (IPO) to raise up to RM52 million, as part of its plan to purchase new factories and expand operations.&nbsp;</p>


Fertiliser firm Cropmate unveils prospectus for RM52 mil IPO, priced at 20 sen apiece

<p>KUALA LUMPUR (Nov 15): Shares of Berjaya Food Bhd (KL:BJFOOD) extended decline to their lowest in six weeks on Thursday, after the café-and-restaurant operator reported its fourth consecutive quarter of losses.</p>


Berjaya Food shares extend decline to six-week low after another quarterly losses

<p>KUALA LUMPUR (Nov 15): Malaysia’s economic growth decelerated in the third quarter as expected though the pace remained brisk, thanks to resilient investments, higher exports and expansion in household spending.</p>


<p>The US dollar was poised for big weekly gains on Friday, towering near one-year highs as a hawkish turn from the Federal Reserve chief sent short-term Treasury yields higher, leaving Wall Street and European futures in the red.</p>


Dollar sits atop one-year peak as Powell sends yields up, China data mixed

<p>&nbsp;Nissan Motor Co will have a year of breathing space in 2025 before hitting a record bond maturity wall as concerns mount about its ability to generate cash.</p>


Nissan faces record debt bill with one year left to fix finances

<p>KUALA LUMPUR (Nov 15): Malaysia’s central bank on Friday liberalised foreign exchange rules to make it easier for international financial institutions to issue ringgit-denominated bonds and sukuk in the country.</p>


<p>Vietnam President Luong Cuong forcefully warned of the dangers of a world with higher tariffs, one of the strongest criticisms so far of US President-elect Donald Trump’s approach to trade as world leaders gather this week in Peru.</p>


Vietnam leader warns trade wars lead to poverty in dig at Trump

<p>Stocks fell after Jerome Powell signalled there’s no need for the Federal Reserve to rush with rate cuts as the economy is holding up.</p>


Stocks get hit as Powell’s remarks curb US Fed wagers

<p>Earlier this week on Monday (Nov 11), the High Court formally dismissed the civil forfeiture of shares in Bright Packaging Industry Bhd owned by businessman Datuk Ricky Wong Shee Kai, his lawyers said.</p>


High Court dismisses civil forfeiture of over 5 mil shares owned by Ricky Wong 

<p>President-elect Donald Trump ruled out giving a post to JPMorgan Chase &amp; Co’s Jamie Dimon in his second-term administration in a jab at the prominent Wall Street chief executive officer.</p>


Trump says no Dimon in administration, picks Kennedy for cabinet

<p>KUALA LUMPUR (Nov 15): A local egg importer company’s libel suit against former minister Datuk Seri Azmin Ali has been dismissed.&nbsp;</p>


Egg importer’s suit against Azmin Ali dismissed

<p>LIMA,&nbsp;Peru (Nov 15): Malaysian Prime Minister&nbsp;Datuk Seri Anwar Ibrahim held a discussion with technology giant Google&nbsp;in the capital of Peru&nbsp;on Thursday (Nov 14), focusing on&nbsp;data centres and artificial intelligence (AI).</p>


Anwar meets Google rep, discusses boosting AI and data centre ecosystem

<p>President-elect Donald Trump's transition team is planning to kill the US$7,500 (RM33,666) consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told <i>Reuters</i>.</p>
