<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 5): The Securities Commission Malaysia (SC) said scammers have made a fake version of its “Public Register of Licence Holders and Registered Persons” to trick investors into thinking their businesses are registered with the regulator.</p></div>

<div class=newsTextDataWrapInner><p>Scammers are pretending to be licensed companies and are directing investors to a cloned website that looks like the SC’s real public register.</p></div>

<div class=newsTextDataWrapInner><p>When a victim searches for the fake company on the cloned site, it would falsely show that the company is approved by the SC, it said in a statement on Thursday (June 5).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The fake website features made-up company details and licence numbers to trick people into believing it is legitimate. Victims are then asked to transfer money into bank accounts used by the scammers, thinking they are making a real investment.</p></div>

<div class=newsTextDataWrapInner><p>The SC has acted to shut down these fake websites but warns that new scams may still appear.</p></div>

<div class=newsTextDataWrapInner><p>The public is advised to:</p></div>

<ul>
	<li>Only check company licences through the official SC website: www.sc.com.my.</li>
	<li>Avoid clicking on links from unknown sources.</li>
	<li>Never send money to suspicious or unknown bank accounts.</li>
</ul>


The Securities Commission Malaysia (SC) said scammers have made a fake version of its “Public Register of Licence Holders and Registered Persons” website to trick investors into thinking their businesses are registered with the regulator.

Scammers using cloned site featuring fake public register to trick investors — SC

KUALA LUMPUR (June 16): Prime Minister Datuk Seri Anwar Ibrahim said there are no immediate plans to restructure the Ministry of Economy, following the unexpected resignation of Datuk Seri Rafizi Ramli as its minister.

Anwar sees no urgent need to reshuffle Economy Ministry after Rafizi’s departure

The Attorney General's Chambers (AGC) has filed a notice of appeal against Muhammad Yusoff Rawther's acquittal on charges of drug trafficking and possession of imitation firearms, which allowed Yusoff to go free without his defence being called.

AG's Chambers appeals Yusoff Rawther's acquittal

theedgemalaysia.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon close on Monday. Two stocks showed positive momentum, while four stocks showed negative momentum.

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It is not often that an external auditor withdraws from reappointment at the last minute. But that was what happened with ABM Fujiya Bhd (KL:AFUJIYA) at its annual general meeting (AGM) last week.

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The King, Sultan Ibrahim, in his royal address at the investiture ceremony in conjunction with His Majesty’s birthday on June 2, reminded Malaysians, including political and community leaders, not to politicise sensitive issues that could fuel discord within society and threaten the nation’s stab...

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The Enforcement Agency Integrity Commission (EAIC) has found that the Penang Department of Fisheries (DOF) failed to act against the intrusion of trawler boats from Zone B into Zone A waters.

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Former prime minister Tan Sri Muhyiddin Yassin’s abuse of power and money-laundering case linked to the Jana Wibawa project will now be heard in the High Court.

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Avaland Bhd (KL:AVALAND) has commenced construction of a 300m covered pedestrian walkway and link bridge from its Avenue25 mixed-use development to the USJ21 LRT Station.  

According to a media statement issued on Monday, the groundbreaking ceremony took place on-site on June 13.

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The 5% sales and service tax (SST) on raw materials could have adverse effects on the domestic rubber ecosystem, said the Malaysian Rubber Glove Manufacturers Association (Margma), which urged the government to defer the tax imposition.

Margma urges govt to reconsider and defer 5% SST on latex raw materials

Singapore’s new private home sales fell to a five-month low in May, as global tariff tensions weighed on demand in the trade-dependent city-state.

Developer sales dropped for a third consecutive month, with just 311 units bought last month, according to data released by the Urban Redevelopment Authority (UDA) on Monday.

Singapore home sales drop to five-month low on tariff fears

<p>(June 16):&nbsp;Petroliam Nasional Bhd (Petronas), Malaysia’s state-owned oil-and-gas company, is looking to expand output from more affordable assets abroad, in an effort to cut production costs and rein in declining profits.</p>


Petronas looks abroad to help cut production costs

<p>&nbsp;US&nbsp;President&nbsp;Donald&nbsp;Trump's&nbsp;administration&nbsp;is considering significantly expanding its&nbsp;travel&nbsp;restrictions by potentially&nbsp;banning citizens of&nbsp;36&nbsp;additional&nbsp;countries&nbsp;from entering the US, according to an internal State Department cable seen by <em>Reuters</em>.</p>


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<p>Iranian missiles struck Israel's Tel Aviv and the port city of Haifa in an early morning raid on Monday, destroying homes and fuelling concerns among world leaders at this week's G7 meeting that the battle between the two old enemies could lead to a broader regional conflict.</p>

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<p>KUALA LUMPUR (June 16): Asia-Pacific will require US$90 trillion (RM382.1 trillion) in energy investments through 2050 to power its growing economies, while achieving net zero ambitions, said Petroliam Nasional Bhd (Petronas) president and group chief executive officer Tan Sri Tengku Muhammad Taufik Tengku Aziz.&nbsp;</p>


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<p>&nbsp;The&nbsp;world's&nbsp;nuclear-armed states are beefing&nbsp;up&nbsp;their atomic&nbsp;arsenals&nbsp;and walking out of arms control pacts, creating a&nbsp;new&nbsp;era&nbsp;of threat that has brought an end to decades of reductions in stockpiles since the Cold War, a&nbsp;think&nbsp;tank&nbsp;said on Monday.</p>

<p>Of the total global inventory of an estimated 12,241 warheads in January 2025, about 9,614 were in military stockpiles for potential use, the Stockholm International Peace Research Institute (Sipri) said in its yearbook, an annual inventory of the&nbsp;world's most dangerous weapons.</p>


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<p>KUALA LUMPUR (June 16): The importance of oil and gas can't be underestimated at times when conflicts occur, something that is currently being seen, the head of Saudi oil giant Aramco&nbsp;told an energy conference on Monday.</p>


Oil and gas important in times of conflict, Saudi Aramco CEO says

<p>The recently revised port tariffs are expected to boost Westports Holdings Bhd (KL:WPRTS), however geopolitical risks and trade uncertainties tied to the Israel-Iran conflict may weigh on regional shipping activities, said analysts. &nbsp;</p>


Westports to benefit from port tariff hike, but geopolitical risks to affect seafaring routes — analysts

<p>&nbsp;Financial markets look set to reopen Monday with investors squarely focused on escalating geopolitical tensions as Israel and Iran continue to bombard each other with no sign of a pause.</p>

<p>Israel on Sunday reported new missile attacks from Iran, and said it was carrying out simultaneous strikes on Tehran, as the two countries faced off for a third day in what is fast becoming the longtime adversaries’ most serious entanglement yet.&nbsp;</p>


Mounting Israel-Iran conflict amps up geopolitical market risks

<p>KUALA LUMPUR (June 16): Investors are expected to remain cautious in the local stock market, due to ongoing global uncertainties and concerns over upcoming domestic policies in the second half of the year, analysts said.</p>


KLCI may test 1,500 support as geopolitical tensions and policy risks keep investors on edge — analysts

<p>KUALA LUMPUR (June 16): The recent oil price rally — one of the most intense since the 2022 energy crisis — has once again laid bare the fragility of global energy systems, said Tan Sri Tengku Muhammad Taufik Tengku Aziz, president and group chief executive officer of Petroliam Nasional Bhd (Petronas).&nbsp;</p>


Oil price surge signals energy system risks amid global ‘poly-crisis’, says Petronas CEO

<p>TOKYO (June 16): Oil prices climbed on Monday, extending Friday's rally, as renewed strikes by Israel and Iran over the weekend increased concerns that the battle could widen across the region, and significantly disrupt oil exports from the Middle East.</p>


Oil prices firm as intensifying Israel-Iran conflict stokes supply disruption fears

<p>KUALA LUMPUR (June 16): Local institutions continued their buying activities for the fourth consecutive week, with net inflows amounting to RM620.6 million, said&nbsp;MIDF Amanah Investment Bank Bhd.</p>


MIDF: Local institutions extended buying streak with RM620.6m inflows last week

<p>SYDNEY (June 16): Asian markets kept their nerve on Monday and oil prices climbed anew, as the conflict between&nbsp;Israel and Iran&nbsp;showed no sign of cooling, adding geopolitical uncertainty to the world's economic troubles in a week packed with central bank meetings.</p>


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<p>WASHINGTON (June 16): President&nbsp;Donald Trump&nbsp;vetoed an Israeli plan in recent days to kill Iran's Supreme Leader Ayatollah Ali Khamenei, two US&nbsp;officials told <em>Reuters</em> on Sunday.</p>

<p>"Have the Iranians killed an American yet? No. Until they do we're not even talking a...

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<p>Taiwan&nbsp;has added China's Huawei Technologies&nbsp;and Semiconductor Manufacturing International Corp to its export control list, which includes other proscribed organisations like the Taliban and al Qaeda.</p>

<p>Inclusion on the economy ministry's trade administration's strategic high-tech commodities entity list means&nbsp;Taiwanese companies will need government approval before exporting any products to the companies.</p>


Taiwan adds China's Huawei and SMIC to export control list

<p>More than six weeks after Datin Seri Pamela Ling Yueh went missing, her family says the police have not given them any updates. Their lawyer, Sangeet Kaur Deo, questioned whether the police are taking the investigation seriously, stating that despite inquiries, the police still have no leads on her disappearance or abduction.</p>


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<p>KUALA LUMPUR (June 16): OCBC Bank (Malaysia) Bhd&nbsp;has extended RM351 million in financing to See Hong Chen Group and EXSIM, to support three strategic real estate developments in the Johor-Singapore Special Economic Zone (JS-SEZ).</p>


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<p>China’s new-home prices fell the most in seven months in May, underscoring why senior government officials are renewing pledges to revive the property market.<br />
&nbsp;<br />
New-home prices in 70 cities, excluding state-subsidised housing, dropped 0.22% from April, when they slid 0.12%, National Bureau of Statistics figures showed on Monday.</p>


China home prices fall at faster pace, officials vow to support property market

<p>Critical Metals Corp&nbsp;has received a letter of interest from the US&nbsp;Export-Import Bank (EXIM) for a loan worth up to US$120 million (RM509.16 billion) to fund the company's Tanbreez rare earths mine in Greenland,&nbsp;in what would be the Trump administration's first overseas investment in a mining project.</p>

<p>The loan, if approved, would boost US&nbsp;access to minerals increasingly at the&nbsp;centre of global economic trade&nbsp;and help offset the country's reliance on market leader China.</p>
