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<div class=newsTextDataWrapInner><p class="thumb-cap">EVENING 5: DC-related stocks, AI proxies jump as Trump holds off on immediate tariffs</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>
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<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. <a href="https://theedgemalaysia.com/node/741902" target="_blank">Data centre-related stocks and proxies to AI on Bursa Malaysia rebound&nbsp;on expectations of more gradual tariff hikes.</a></p></div>

<div class=newsTextDataWrapInner><p>2. <a href="https://theedgemalaysia.com/node/741737" target="_blank">MRCB is said to have won the bid for the Ipoh Railway Station Integrated Development Plan (iRide) project.</a></p></div>

<div class=newsTextDataWrapInner><p>3. <a href="https://theedgemalaysia.com/node/741875" target="_blank">The MACC is continuing its investigation into Tun Daim Zainuddin and his widow, Toh Puan Na'imah Abdul Khalid.</a></p></div>

<div class=newsTextDataWrapInner><p>4. <a href="https://theedgemalaysia.com/node/741856" target="_blank">The two sons of Tun Dr Mahathir Mohamad being probed by the MACC declare assets valued at RM1.2 billion.</a></p></div>

<div class=newsTextDataWrapInner><p>5. <a href="https://theedgemalaysia.com/node/741827" target="_blank">Malaysia's automotive sector total industry volume is seen normalising to a three-year low in 2025.&nbsp;</a></p></div>


Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

Inflation in Malaysia eased slightly and was marginally slower than expected in December as prices of non-food items and services rose at a more moderate pace, official data released on Wednesday showed.

Malaysia’s inflation in December slows as non-food price pressure eases, official data shows

Founders of FashionValet Sdn Bhd Datin Vivy Yusof and her husband Datuk Fadzarudin Shah Anuar have been charged with the misappropriation of RM8 million from Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB), belonging to the company.

FashionValet founders claim trial to alternative charges of fund misappropriation

(Jan 22): China’s record beef imports are hitting a market where demand is slowing and prices have fallen to the lowest since 2019, raising the risk that authorities will take steps to curb the trade.

Record beef imports raising risk of China imposing trade curbs

Indonesia's palm oil fund agency has resumed fund disbursement to subsidise biodiesel and oil palm tree replanting programmes after a brief pause during a reorganisation, agency official Achmad Maulizal said on Wednesday.

Indonesian agency resumes fund disbursement for biodiesel, palm replanting after reorganisation

President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.

Trump says he’s open to Elon Musk or Larry Ellison purchasing TikTok

India’s government is prepared to work with Donald Trump’s administration to identify and take back all its citizens residing illegally in the US, an early signal from New Delhi that it’s willing to comply with the incoming American president and avoid a trade war.

India set to take back 18,000 citizens from US to placate Trump 

Gold prices climbed to a fresh 11-week peak on Wednesday, boosted by safe haven demand amid uncertainty surrounding US President Donald Trump's trade policies and a softer dollar.

Gold jumps to 11-week peak amid Trump policy uncertainty, soft dollar

KUALA LUMPUR (Jan 22): Malaysia’s property market is now showing signs of improvement that will lift Malaysian banking stocks under pressure from uncertainties over data-centre outlook, according to CIMB Securities.

CIMB Securities: Malaysian property market now showing signs of improvement that will lift banking stocks

Prices of Canadian and US West Texas Intermediate crude oil to Asia jumped after shipping costs rallied on concerns that wider US sanctions on the Russian fleet are tightening ship availability, trade sources said on Tuesday.

Prices of Canadian, WTI crude to Asia jump after rally in shipping rates — Reuters

“With the new day comes new strength and new thoughts.”  — Eleanor Roosevelt (1884-1962), activist and former first lady of the US

 

A new dawn, a new day and a new year. Welcome 2025.

After an indiffere...

Everyday Matters: New year brings an economic uptick for Malaysia

<p>Sunway Bhd (KL:SUNWAY) has started the ball rolling for the initial public offer (IPO) of its healthcare unit, sources told <em>The Edge.</em></p>

<p>Maybank Investment Bank Bhd and AmInvestment Bank Bhd are said to be the front-runners as principal advisers for the IPO of Sunway Healthcare Group, the sources said.</p>


Sunway shortlists bankers for healthcare unit's IPO 

<p>(Jan 22): US&nbsp;President Donald&nbsp;Trump&nbsp;on Tuesday announced&nbsp;a&nbsp;private&nbsp;sector&nbsp;investment&nbsp;of up to US$500&nbsp;billion (RM2.23 trillion) to fund&nbsp;infrastructure&nbsp;for artificial intelligence (AI),&nbsp;aiming to outpace rival nations in the business-critical technology.</p>


Trump announces private-sector US$500 bil investment in AI infrastructure

<p>The Johor-Singapore Special Economic Zone (JS-SEZ) is one of a kind and a phenomenal move between Malaysia and neighbouring Singapore, Prime Minister Datuk Seri Anwar Ibrahim emphasised on Tuesday.</p>

<p>“There is an element of trust in working together on a joint programme that will benefit one another.</p>


Johor-Singapore Special Economic Zone is one of a kind, phenomenal — Anwar

<p>US President Donald Trump on Tuesday vowed to hit the European Union with tariffs and said his administration was discussing a 10% punitive duty on Chinese imports because fentanyl is being sent from China to the US via Mexico and Canada.</p>


Trump stirs tariff pot with fresh threats on EU, Feb 1 China deadline

<p>President Donald Trump said he would be open to billionaire supporter Elon Musk or Oracle Corp chairman Larry Ellison purchasing social video app TikTok as part of a joint venture with the US government.</p>


<p>Founders of FashionValet Sdn Bhd Datin Vivy Yusof and her husband Datuk Fadzarudin Shah Anuar have been charged with the misappropriation of RM8 million from Khazanah Nasional Berhad (Khazanah) and Permodalan Nasional Berhad (PNB), belonging to the company.</p>


<p>Global stocks gained on Wednesday as a flurry of new policies from US President Donald Trump combined with robust corporate earnings to bolster investor optimism, while tariff uncertainty kept the dollar near two-week lows.</p>


Stocks bask in Trump glow, tariff uncertainty weighs on dollar

<p>MIDF Research said&nbsp;the recent selldown of data centre-linked construction stocks&nbsp;may have been overdone as it sees the US’ AI chip export restrictions having minimal impact on data centre operations here.</p>

<p>In a note, MIDF Research said this prompted&nbsp;its upgrade on&nbsp;Sunway Construction Group Berhad (KL:SUNCON) to a “buy”, from “neutral”.</p>


MIDF says selldown on data centre-related stocks overdone, upgrades SunCon

<p>KUALA LUMPUR (Jan 22): Malaysia’s property market is now showing signs of improvement that will lift Malaysian banking stocks under pressure from uncertainties over data-centre outlook, according to CIMB Securities.</p>


<p>DAVOS, Switzerland (Jan 21): Prime Minister Datuk Seri Anwar Ibrahim said digitalisation is a "missing component" in all of Malaysia's previous free trade agreements (FTAs).</p>


PM: Malaysia seeks to upgrade its free trade agreements to cover digitalisation

<p>Over the past two years, the Biden administration struck a careful balance on artificial intelligence. The White House took steps to ensure the US stayed ahead of China in developing the technology while also trying to address some of AI’s many potential risks.</p>


Trump pushes to make US an AI superpower, with fewer guardrails 

<p>Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi said the provision of free toll during festive seasons does not solve traffic congestion on toll highways.</p>

<p>He said it was important for road users to change their behaviour and plan their trips when the festive season arrives.</p>


Free toll during festive seasons does not solve traffic congestion on highways — Ahmad Zahid

<p>China is ready to collaborate with Malaysia to promote East Asian cooperation and regional economic integration during Malaysia’s Asean chairmanship 2025, China’s Consul-General in Penang, Zhou Youbin, said.&nbsp;</p>

<p>He stated that China is also willing to work with Malaysia to maintain the trend of regional development cooperation and contribute to regional and global peace and stability.</p>


China to work with Malaysia, promote East Asian cooperation and regional economic integration

<p>Lawmakers in some of Asia’s key digital-assets markets are warming to the industry as Donald Trump’s pro-crypto agenda in the US ripples through the region.</p>


Crypto fears ease in Asia as officials aim to keep up with Trump

<p>Indonesia's antitrust agency on Tuesday ordered Google to pay fines about 202 billion rupiah (US$12.4 million or RM55.3 million) for unfair business practices related to its payment system services for Google Play Store, its software distribution platform.</p>


Indonesia fines Google US$12.4m for unfair business practices

<p>The World Health Organization (WHO) called on the US to reconsider President Donald Trump’s decision to exit the agency, suggesting the move could undermine global health security.<br />
&nbsp;<br />
The planned departure would leave the WHO scrambling to replace its top donor, which contributed US$1.3 billion (RM5.84 billion) to the organisation between 2022 and 2023. Without US funding, work that the WHO carries out on containing diseases such as HIV, polio and Ebola as well as a recent outbreak of lethal Marburg virus could be at risk.&nbsp;</p>


WHO urges Trump to reconsider US exit

<p>The Sukhoi Su-30MKM Service Life Extension Programme (Slep) by local company, Aerospace Technology Systems Corporation (ATSC) will ensure the aircraft will operate well and be used for another decade.</p>

<p>Defence Minister Datuk Seri Mohamed Khaled Nordin said ATSC has conducted Service Life Extension and Preventive Restoration Works/Overhaul to ensure that aircraft could operate longer and would ensure that Royal Malaysian Air Force (RMAF) aircraft were at optimum levels and reduce expenditure compared to sending the aircraft to Russia.</p>


Service life extension programme ensures Sukhois will fly for next decade

<p>For all the hand-wringing about the potential fallout of Donald Trump’s expansive, pro-growth policy agenda, the US treasury market has gotten off to a smooth start.</p>


On day one, Trump appeases bond traders and pushes down rates

<p>US President Donald Trump said on Tuesday he would likely impose sanctions on Russia if its president, Vladimir Putin, refuses to negotiate about ending the war in Ukraine.</p>


Trump says will sanction Russia if Putin does not negotiate on Ukraine 

<p>DAVOS, Switzerland (Jan 21):&nbsp; Prime Minister Datuk Seri Anwar Ibrahim said that Malaysia&nbsp;is not in “pressing need” to adopt nuclear power, as the country still sees much potential in solar power and the Asean Power Grid (APG).</p>
