<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 14): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday:</div>

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Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Wednesday.

FBM KLCI rises 0.18% to 1,612.35 on Aug 14, 2024

European Central Bank chief Christine Lagarde said it would "not be a good idea" to run in France's 2027 presidential race, telling newspaper La Croix on Wednesday that if she were to step down early from the bank in 2027, it would only be by a few months.

ECB's Lagarde says it 'would not be a good idea' to run for French president

Here is a brief recap of some business news and corporate announcements that made headlines on Wednesday.

UWC, F&N, Astro, Divfex, Zetrix AI, Batu Kawan, MKH, Chin Hin Group Property, ES Sunlogy, Solid Automotive

The co-pilot of a flight from Dubai to Tel Aviv tried to crash the plane after stabbing the pilot, but passengers subdued him while other pilots landed the plane safely in Saudi Arabia, Israeli officials said on Wednesday.

Passengers overcame pilot who tried to crash flydubai flight, Israel says

The Malaysian Communications and Multimedia Commission (MCMC) is demanding a comprehensive explanation from Meta regarding issues involving WhatsApp accounts that have been suspended, rendered inaccessible, or accessed without authorisation.

MCMC seeking explanation from Meta over WhatsApp issues 

UWC Bhd (KL:UWC) achieved record performance for its financial year 2026, following a more than doubling of its fourth quarter earnings.

UWC ends FY2026 with record numbers as 4Q profit more than doubles

Companies seeking dual listings on the main boards of the Kuala Lumpur and Hong Kong bourses only need one centralised, coordinated submission.

Simplified procedure for simultaneous IPO listing in Malaysia and Hong Kong takes effect

The Federal Trade Commission is opening a sweeping probe into Anthropic, OpenAI and other AI labs to uncover the potential dangers their technology poses to consumers, a source familiar with the matter told Reuters on Wednesday.

FTC opens probe into AI giants including Anthropic and OpenAI — Reuters

The Reserve Bank of India’s net short dollar book rose past US$200 billion (RM815.9 billion) for the first time, reflecting surging future repayment obligations from a dollar diaspora programme to support the rupee.

RBI’s short dollar book surges past US$200 bil on forex plan

Wall Street's main indices gained on Wednesday, as a softer-than-anticipated inflation reading buoyed hopes that the Federal Reserve might not hike rates as soon as next month.

Wall Street climbs as cooling inflation tempers Fed rate-hike concerns

“At the pleasure of the King” — what if the King is displeased?
The phrase is not what it seems.
Many have misinterpreted it. And a great many have given the phrase its literal meaning, forgetting and, in some cases, even in ignorance, that it is a legal phrase that has its own lega...

Opinion: At the pleasure of the King

ON Sept 18, His Majesty Sultan Ibrahim, the King of Malaysia, granted Datuk Seri Najib Razak a conditional pardon, allowing him to serve the remainder of his prison sentence for his SRC International conviction under house arrest until August 2028.&nbsp;

The one condition attached is pa...

Courts: Najib gets conditional pardon even as other big names get hauled to court

Two former employees of an investment bank pleaded not guilty at the Kuala Lumpur Sessions Court on Wednesday to charges of deceiving the bank in connection with the issuance of a standby letter of credit (SBLC) valued at US$16 million (RM65 million)&nbsp;three years ago.

Two ex-investment bank employees charged over US$16m standby-letter-of-credit fraud

Micro, small and medium enterprises (MSMEs) will be temporarily exempted from any new minimum wage increase, Entrepreneur and Cooperatives Development Minister Steven Sim Chee Keong said on Wednesday.

MSMEs temporarily exempted from new minimum wage hike, says minister

Zetrix AI Bhd (KL:ZETRIX) and IPVG Employees Inc have agreed to extend by three months the deadline to complete the Malaysian company's purchase of a 50% stake in Philippines-based MyEG Ventures Inc.

Zetrix AI, IPVG Employees extend deadline of MyEG Ventures deal by three months

KUALA LUMPUR (Sept 30): KIP Real Estate Investment Trust (KL:KIPREIT) acquired its 20th property with the completion of its RM435 million acquisition of Setapak Central Mall, which delivers an attractive yield of 7.2%.&nbsp;

KIP REIT adds 20th property with RM435m Setapak Central Mall purchase, eyes 7.2% yield

Malaysia's durian industry ought to be one of the country's great economic success stories.

Chinese demand soared. Musang King became an internationally recognised premium product. Investors planted orchards across the country. In 2024, Malaysia secured long-awaited approval to export f...

Opinion: Malaysia's durian glut and the politics of the delivery gap

IOI Properties Group Bhd (KL:IOIPG) and Marriott International Inc have expanded their strategic relationship with the signing of a portfolio deal for four new hotels in Malaysia.

IOI Properties expands hospitality pipeline with four new Marriott hotels totalling 888 rooms

Petroliam Nasional Bhd (PETRONAS) is exploring ways to make its advanced sustainable fuel (ASF) more economical while maintaining its performance, as development continues alongside changes to Formula One's (F1) power unit regulations.

PETRONAS exploring ways to produce cheaper advanced fuel, says downstream CEO

The High Court has allowed Prime Minister Datuk Seri Anwar Ibrahim's application for determination of preliminary issues before the commencement of a sexual assault civil case brought against him by his former aide Muhammed Yusoff Rawther.

Anwar’s pre-trial bid allowed in Yusoff Rawther sexual assault suit, but evidence must be orally given

Batu Kawan Bhd’s (KL:BKAWAN) unconditional mandatory takeover of MKH Bhd (KL:MKH) has crossed the 95% threshold, paving the way for the property developer’s delisting.

Batu Kawan’s takeover of MKH crosses 95%

Genneva&nbsp;Sdn Bhd, the company behind a massive gold investment scam, has been wound up by the High Court here, which could see victims recouping their losses.&nbsp;

High Court dissolves Genneva, paving way for victims to settle claims

The US trade deficit in goods widened sharply in August amid a surge in imports, suggesting that trade could remain a drag economic growth in the third quarter.

US goods trade deficit widens sharply in August

WHILE official statistics show that Malaysians are beginning to save for retirement again, much more needs to be done to prepare for Malaysia’s transition into a super-aged nation by 2056, when one in five Malaysians will be aged 65 and above. This includes strengthening retirement savings, legac...

Preparing for Malaysia’s third age

Astro Malaysia Holdings Bhd (KL:ASTRO) sank into the red in the May-July quarter — its first quarterly loss since late 2023 — dragged by unrealised foreign exchange losses while its top line declined on lower subscription revenue.

Forex losses, lower subscription revenue pull Astro into the red

The co-pilot of a flight from Dubai to Tel Aviv tried to crash the plane after stabbing the pilot, but passengers subdued him while other pilots landed the plane safely in Saudi Arabia, Israeli officials said on Wednesday.

One of the brothers who co-founded Solid Automotive Bhd (KL:SOLID), Ker Boon Kee, has transferred his shares in the company to his children, making his son and executive director Ker Keddy the company’s second-largest shareholder.

Solid Automotive’s co-founder Ker Boon Kee transfers shares to children, son Keddy emerges as second-largest shareholder

About 200,000 spectators are expected to attend the Formula 1 (F1) Gulf Air Bahrain Grand Prix (GP) at the Sepang International Circuit (SIC) from Oct 2 to 4, with Sunday expected to draw the largest crowd.

MAHB ready as 200,000 spectators expected for F1 return to Sepang, says MD

Bank Negara Malaysia (BNM) is seeking feedback on proposed new rules on insurance and takaful providers meant to strengthen protections on policy owners.

Bank Negara seeks feedback on proposed tighter rules on insurance and takaful sales pitches

“At the pleasure of the King” — what if the King is displeased? 
The phrase is not what it seems. 
Many have misinterpreted it. And a great many have given the phrase its literal meaning, forgetting and, in some cases, even in ignorance, that it is a legal phrase that has its own lega...

Chin Hin Group Property Bhd (KL:CHGP) is selling its&nbsp;entire equity interest in four loss-making subsidiaries involved in the commercial vehicle and bodyworks business for a combined RM62 million in cash, to focus on its property development business.