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<div class=newsTextDataWrapInner><p class="thumb-cap">EVENING 5: Govt worried about implications of Semantan ruling - PM</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>
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<div class=newsTextDataWrapInner><p>Here’s a quick look at some of the stories that made headlines today.</p></div>

<div class=newsTextDataWrapInner><p>Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.</p></div>

<div class=newsTextDataWrapInner><p>1. Prime Minister Datuk Seri Anwar Ibrahim on Friday said that there is a need for the government to <a href="https://theedgemalaysia.com/node/722305" target="_blank">relook </a>from a legal point of view into the High Court's decision in favour of Semantan Estate Sdn Bhd in the dispute involving ​​106.5 hectares of land in Mukim Batu.</p></div>

<div class=newsTextDataWrapInner><p>2. Tesla Inc has never <a href="https://theedgemalaysia.com/node/722283" target="_blank">committed </a>to opening a factory in Malaysia, said Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.</p></div>

<div class=newsTextDataWrapInner><p>3. Swift Haulage Bhd saw its net profit fall 14.3% to RM8.33 million for the second quarter, <a href="https://theedgemalaysia.com/node/722338" target="_blank">attributed </a>to lower profit margins.</p></div>

<div class=newsTextDataWrapInner><p>4. Oil trading and fuel bunkering service provider Straits Energy Resources Bhd plans to <a href="https://theedgemalaysia.com/node/721521" target="_blank">exit </a>the port operation and management business.</p></div>

<div class=newsTextDataWrapInner><p>5. Construction firm Mitrajaya Holdings Bhd said on Friday it has <a href="https://theedgemalaysia.com/node/722266" target="_blank">won </a>a job worth RM151.99 million from the Northern Corridor Implementation Authority.</p></div>

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EVENING 5: Five things you need to know today

Canadian consumers pared back their spending for a second straight month amid trade war uncertainty, partially reversing a year-end boost in sales after a federal sales tax was paused.

Retail sales in Canada weaken amid trade worries, tax break

FedEx's shares fell 8% pre-market on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of US manufacturing amid uncertainty from the Trump administration's sweeping tariffs on trading partners.

FedEx shares slide as annual forecast cuts stoke worries on economy

European and world shares fell on Friday but were set for a weekly gain, and the euro steadied just shy of a five-month high, as investors finished a busy week without much more clarity on the big market questions than they had at the start.

Stocks slide, dollar firms as tariff and geopolitical uncertainties weigh

Private infrastructure investors are snatching up green bargains in what’s emerged as a buyer’s market for wind, solar and battery projects.

The moves follow a a slump in clean-energy stocks, as US President Donald Trump’s call for more fossil-fuel power generation has sent a chill through the sector and boosted Big Oil’s plans to pivot back to core business.

Green investors are finding bargains in Trump’s Big Oil era

Hedge funds added more bearish positions than bullish ones in March than at any time since 2020, doubling down on bets that US stocks have further to fall, according to a Goldman Sachs note sent to clients on Thursday.

Hedge fund pessimism over Wall Street hits five-year high, Goldman says

AstraZeneca plc will invest US$2.5 billion (RM11.06 billion) in a new research centre in Beijing, in a major show of commitment to China just months after the company’s top executive there was detained by authorities.

AstraZeneca invests US$2.5 bil in Beijing hub amid probe

China's central bank will cut banks' reserve requirement ratio and interest rates at the "appropriate time" and strengthen the resilience of its forex market, it said on Friday during a quarterly meeting of its monetary policy committee.

China's central bank says it will boost forex market resilience

The financial industry is abandoning caution and chasing the rally in European stocks, hiking their targets and looking to the upside.

Nearly half of the strategists in a monthly Bloomberg survey have raised their forecasts for the Stoxx Europe 600 Index since last month — when about two thirds of strategists were expecting downside ahead.

Market strategists finally upgrade Europe after years of caution

Inflation is anticipated to remain manageable in 2025, supported by easing global commodity prices and a limited domestic demand pressures, said RHB Research.

Inflation to remain manageable in 2025 amid easing commodity prices, says RHB

Lim Seong Hai Capital Bhd (KL:LSH) made a lacklustre debut on its first day of trading on the ACE Market, becoming the second new listing this year to close below its initial public offering (IPO) price.

Lim Seong Hai Capital closes 5.7% lower on ACE Market debut

<p>Genting Bhd (KL:GENTING) has agreed to pay a fine of US$10.5 million (RM46.41 million) to the Nevada Gaming Commission as part of a settlement for a complaint against its Las Vegas resort.</p>


Genting agrees to RM46m fine as part of settlement for complaint against Las Vegas resort  

<p>Lim&nbsp;Seong&nbsp;Hai Capital Bhd (KL:LSH) made a lacklustre debut on its first day of trading on the ACE Market, becoming the second new listing this year to close below its initial public offering (IPO) price.</p>


<p>Malaysia Airlines’ parent Malaysia Aviation Group Bhd (MAG) is acquiring another&nbsp;30 new Boeing aircraft&nbsp;for the second stage of its fleet renewal strategy.</p>


Malaysia Airlines’ parent opts for 30 new Boeing aircraft for second stage of fleet renewal

<p>Nestlé (Malaysia) Bhd (KL:NESTLE) on Friday broke ground for a RM250 million integrated logistics hub in Port Klang.</p>

<p>The facility is designed to function as a regional hub, facilitating product exports to over 60 countries and sourcing imported raw materials, Nestle Malaysia said in a statement. The hub is expected to be fully operational by the first quarter of 2026 and create over 200 new jobs, it said.</p>


Nestlé Malaysia breaks ground for RM250m regional logistics hub in Port Klang

<p>Top Glove Corporation Bhd (KL:TOPGLOV) will likely turn in smaller-than-expected profits for fiscal 2025, analysts said while flagging rising risk from Chinese rivals.</p>


Top Glove faces rising risks from Chinese rivals, analysts flag after weaker-than-expected 2Q

<p>The federal government announced on Friday it will distribute cash totalling RM900 million to eligible serving civil servants and public pensioners under a special Aidilfitri Financial Assistance programme.</p>


Govt to hand out RM900 mil cash to civil servants, public retirees for Aidilfitri

<p>Boeing Global president Brendan Nelson has announced that the company will increase its Malaysian workforce by 20% over the next two years, reinforcing its commitment to the country’s aerospace industry.</p>


Boeing to increase Malaysian workforce by 20% as part of expanded partnership with Malaysia Airlines

<p>GX Bank Bhd, Malaysia’s first digital bank, commands the largest share of customer deposits among operational digital banks with RM2.16 billion deposits as of September 2024, according to RAM Ratings.</p>


GXBank tops digital banking sector deposits with RM2.16 bil as of September 2024 — RAM Ratings

<p>South Korean chemicals companies are racing to tap new markets after racking up hundreds of millions of dollars in losses in the face of a deluge of capacity from China, their biggest market.</p>


South Korean plastics giants struggle as China becomes a rival

<p>A pro-Beijing newspaper has called on CK Hutchison Holdings Ltd to pull out from an agreement to sell its ports on the Panama Canal to a group led by BlackRock Inc, marking an escalation of a pressure campaign on billionaire Li Ka-shing over the deal.</p>


Pro-Beijing paper urges Li Ka-shing to scrap Panama port sale

<p>China’s imports of US cotton, cars and some energy products all plunged in the first two months of the year after President Donald Trump started imposing tariffs and Beijing retaliated.</p>


China imports of US commodities, cars collapse in new trade war

<p>Lembaga Tabung Haji declared a profit distribution rate of 3.25% after zakat for the financial year ended Dec 31, 2024 (FY2024), breaking its previous four-year streak of declaring 3.1%.</p>


Tabung Haji declares 3.25% profit distribution for FY2024

<p>Read more in the March 24 edition of The Edge Malaysia Weekly.</p>


Trumpianomics: The Art of Coercion

<p>MSB Global Group Bhd, an aftermarket automotive parts and components distributor, on Friday launched its initial public offering (IPO) that could raise up to RM41.4 million from the ACE Market.</p>


Autopart distributor MSB Global sets ACE Market IPO price at 20 sen per share

<p>DRB-Hicom Bhd (KL:DRBHCOM) has been spared from a potential RM246.25 million tax bill after the Inland Revenue Board (IRB) ruled in favour of the automotive-to-banking conglomerate’s appeal, reversing its decision to classify the gain from the disposal of its long-held stake in Alam Flora Sdn Bhd as income.</p>


DRB-Hicom spared RM246 mil tax bill after IRB rules in favour of appeal

<p>Malaysia’s headline inflation slowed in February 2025 as food prices stabilised while housing and utilities costs moderated, according to official data released on Friday.</p>


Malaysia's February inflation slows as housing, utilities costs moderate, official data show

<p>The Attorney General's Chambers (AGC) has applied to strike out the government, along with Prime Minister Datuk Seri Anwar Ibrahim, as parties in Datuk Seri Mukhriz Mahathir's ongoing legal action over additional taxes and subsequent penalty of about RM5 million.</p>


Anwar, govt seek to be removed from Mukhriz's legal challenge over RM5 mil additional taxes

<p>For months, President Prabowo Subianto’s moves to chip away at Indonesia’s long-established economic guardrails have stoked anxiety in markets. This week’s sudden rout suggests investor patience is wearing thin.</p>


Prabowo faces investor revolt over Indonesia’s economic path

<p>The Consumer Credit Bill 2025, which is expected to be gazetted by the end of this year, will require buy now, pay later (BNPL) providers to report consumer borrowing data to credit rating agencies.</p>


Mandatory reporting of BNPL borrowing data to credit agencies under new bill

<p>Britain's Heathrow Airport was shut on Friday after a huge fire at a nearby electrical substation knocked out its power, disrupting flight schedules around the world.</p>
