<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 13):&nbsp;Jeff Bezos, the founder, executive chairman, and former president and chief executive officer of Amazon, has overtaken LVMH's Bernard Arnault to reclaim his title as the world’s second richest person on the Bloomberg Billionaires list with a total of US$200 billion (RM952.90 billion).</p></div>

<div class=newsTextDataWrapInner><p>According to the latest update on Monday, Bezos gained US$22.6 billion&nbsp;to push his wealth to US$200 billion, trailing Tesla Inc CEO Elon Musk, who is still the richest man on the planet with US$209 billion.</p></div>

<div class=newsTextDataWrapInner><p>Arnault, the founder, chairman and CEO of LVMH, was third with US$191 billion.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Meanwhile, the sole Malaysian on the list, Tan Sri Robert Kuok Hock Nien was ranked 113 with a total wealth of US$16.4 billion, after losing US$879 million.</p></div>


Jeff Bezos, the founder, executive chairman, and former president and chief executive officer of Amazon, has overtaken LVMH's Bernard Arnault to reclaim his title as the world’s second richest person on the Bloomberg Billionaires list with a total of US$200 billion (RM952.90 billion).

Amazon's Bezos reclaims second spot among the richest on Bloomberg Billionaires Index

WASHINGTON (Sept 26): China's newest nuclear-powered attack submarine sank earlier this year, a senior U.S. defense official said on Thursday.

China already has the largest navy in the world, with over 370 ships, and it has embarked on production of a new generation of nuclear-armed sub...

Chinese nuclear-powered submarine sank this year, US official says

Donald Trump’s lawyers are on a mission to wipe out his biggest financial liability — a nearly half-billion dollar civil fraud verdict in New York that’s soaring by more than US$100,000 (RM412,350) every day.

Trump seeks to wipe out biggest debt costing US$112,000 a day

The status of 5G implementation in China, which currently covers more than 90% of populated areas, attracts Malaysia's interest to learn about its success in improving connectivity, especially in rural areas.

Malaysia wants to learn from China's success in 5G, says Fahmi

Shares of AEON Credit Service (M) Bhd (KL:AEONCR) fell on Friday to their lowest in nearly three weeks, after the consumer financing firm reported a weaker-than-expected quarter.

AEON Credit shares fall to three-week low after 2Q miss

Prime Minister Datuk Seri Anwar Ibrahim said on Friday the federal government will discuss expediting road widening in port areas with the Selangor menteri besar.

Anwar: Govt to talk to Selangor MB on expediting road widening in port areas

The overnight policy rate (OPR) is expected to remain unchanged at 3% in 2024 with Malaysia’s producer price index (PPI) inflation moderating to 0.3% year-on-year (y-o-y) in August 2024 from 1.3% y-o-y the previous month.

Lower August producer price index to keep OPR unchanged in 2024 — MIDF Research

During her working visit to China in April this year, US Treasury Secretary Janet Yellen voiced concerns about her host’s overcapacity in industrial goods, especially electric vehicles, solar panels and batteries. According to her, Chinese capacity significantly outstrips its own demand, in addit...

My Say: Japan then, China now: What about the rest of Asia?

Japan's ruling party holds one of the most unpredictable leadership contests in decades on Friday, a race that could result in Japan's youngest or first female prime minister, or see a popular veteran succeed in his fifth and final leadership bid.

Japan's LDP to pick new leader to replace outgoing PM Kishida

China cut the amount of cash banks must keep in reserve on Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence.

China cuts key rate, frees up cash for banks to spur growth

Gamuda Bhd (KL:GAMUDA) is targeting a RM35 billion order book by the end of 2024, on the back of both international and domestic projects, positioning it for strong growth in the financial year ending July 31, 2025 (FY2025), analysts said.

Analysts upbeat on Gamuda's end-2024 order book target of RM35b

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

<p>Singapore has kicked off a big effort to revive its withering stock market. Inside its exchange operator and among market participants, there is deep pessimism that the reboot will succeed.&nbsp;</p>


Singapore Exchange insiders cast doubt on stock-market revival

<p>BMI, a unit of the Fitch group, has revised its year-end forecast for the ringgit from 4.55 against the US dollar to 4.0, reflecting the local currency’s robust performance in the third quarter of 2024 (3Q2024).</p>


BMI raises USD-MYR forecasts to 4.0 this year, 3.55 in 2025, on narrowing yield differentials, resilient growth

<p>The Pentagon praised China for its transparency before the test launch of an intercontinental ballistic missile (ICBM) into the Pacific Ocean, in a sign that military communication between the superpowers is improving.</p>


US hails early notice of China ICBM test to avoid miscalculation

<p>Mitsubishi Corporation has committed to continued investment in the Malaysia LNG (MLNG) Dua and Tiga facilities, further solidifying its partnership with Petroliam Nasional Bhd (Petronas), according to a statement on Friday.</p>


Mitsubishi commits to continued investment in LNG facilities, eyes stronger partnership with Petronas, Sarawak

<p>Chinese stocks are headed for the best week since 2008, as Beijing rolled out a huge stimulus package to revive the economy, lifting Asian shares to two-and-a-half-year highs, while a sharp fall in oil prices bodes well for disinflation&nbsp;globally.</p>


Chinese stocks set for best week since 2008; Japan's leadership contest in focus

<p>Shares of AEON Credit Service (M) Bhd (KL:AEONCR) fell on Friday to their lowest in nearly three weeks, after the consumer financing firm reported a weaker-than-expected quarter.</p>


<p>New York City mayor Eric Adams engaged in years of sustained corruption, accepting more than US$100,000 (RM412,150) in lavish bribes from foreign nationals, the top federal prosecutor in Manhattan claimed in a scalding indictment.</p>


NYC mayor was corrupt for years, US claims in scathing case

<p>US stocks rose as traders await bigger clues about the health of the economy after upbeat data on Thursday.</p>

<p>The S&amp;P 500 climbed 0.4% to its 42nd closing record of this year. The Nasdaq 100 ended the session 0.7% higher, after jumping as much as 1.5% earlier. The Bloomberg Dollar Spot Index declined. The 10-year US Treasury yield advanced to around 3.79%.</p>


S&P 500 notches fresh record ahead of PCE data

<p>Citibank will close its last branch in Singapore, located at the CPF Jurong Building in Jurong East, on Oct 12.</p>


Citibank to shut last ‘transactional’ branch in Singapore next month as it eyes wealthy customers

<p>Gamuda Bhd (KL:GAMUDA) is targeting a RM35 billion order book by the end of 2024, on the back of both international and domestic projects, positioning it for strong growth in the financial year ending July 31, 2025 (FY2025), analysts said.</p>


<p>Petroliam Nasional Bhd's (Petronas) wholly owned unit, Petronas Abu Dhabi Sdn Bhd, has been granted a new oil and gas exploration concession in Onshore Block 2 by the Supreme Council for Financial and Economic Affairs (SCFEA).</p>


Petronas secures third O&G concession in Abu Dhabi

<p>China cut the amount of cash banks must keep in reserve on Friday and lowered a key policy rate, as Beijing rolls out a strong stimulus package unveiled this week in a push to shore up the slowing economy and investor confidence.</p>


<p>Prime Minister Datuk Seri Anwar Ibrahim said on Friday the federal government will discuss expediting road widening in port areas with the Selangor menteri besar.</p>


<p>Japan's ruling party holds one of the most unpredictable leadership contests in decades on Friday, a race that could result in&nbsp;Japan's youngest or first female prime minister, or see a popular veteran succeed in his fifth and final leadership bid.</p>


<p>The status of 5G implementation in China, which currently covers more than 90% of populated areas, attracts Malaysia's interest to learn about its success in improving connectivity, especially in rural areas.</p>


<p>（吉隆坡27日讯）永旺信贷（AEON Credit Service (M) Bhd）（KL:AEONCR）的季度业绩弱于预期，拖累股价今早下滑至接近3周最低水平。</p>


次季业绩弱于预期 永旺信贷跌至3周新低

<p>The overnight policy rate (OPR) is expected to remain unchanged at 3% in 2024 with Malaysia’s producer price index (PPI) inflation moderating to 0.3% year-on-year (y-o-y) in August 2024 from 1.3% y-o-y the previous month.</p>


<p>Donald Trump’s lawyers are on a mission to wipe out his biggest financial liability — a nearly half-billion dollar civil fraud verdict in New York that’s soaring by more than US$100,000 (RM412,350) every day.</p>
