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

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

Sunway Bhd (KL:SUNWAY) has started the ball rolling for the initial public offer (IPO) of its healthcare unit, sources told The Edge.

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.

Sunway shortlists bankers for healthcare unit's IPO 

Asian futures broadly pointed to gains after US stocks climbed as President Donald Trump struck a better-than-feared tone on global trade and speculation grew that his policies will further boost corporate America.

Asia stocks set to gain as Trump tariff fears ebb

Prime Minister Datuk Seri Anwar Ibrahim held high-level meetings with business leaders from six multinational companies (MNCs) including AstraZeneca, Fortescue, DP World, Medtronics, Nestle and Google.

Arranged by the Ministry of Investment, Trade and Industry (Miti), the one-on-one meetings took place on the sidelines of the World Economic Forum (WEF) Annual Summit 2025 at the Mountain Plaza Hotel, here, where Anwar, who is also the finance minister, led the Malaysian delegation.

Anwar meets six MNCs including Google, Nestle on the sidelines of WEF 2025

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

MRCB, MNRB, CIMB, Pansar, Yinson, Mah Sing, YNH, Sunway REIT, Alpha IVF, KIP REIT, UOA REIT, Taghill, KTI Landmark 

Data centre-related stocks and proxies to artificial intelligence (AI) on Bursa Malaysia rebounded on Tuesday, driven by expectations of gradual approach to tariff policies by the new Donald Trump’s US administration. 

Trump's future policies are expected to be less aggressive compared to his previous term, with the possibility of reversing some of the restrictions imposed by Joe Biden, said Rakuten Trade head of research Kenny Yee.

Data centre-linked stocks, AI proxies rebound amid expectations of Trump’s gradual tariff implementation 

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

EVENING 5: Five things you need to know today

The Malaysian Anti-Corruption Commission (MACC) has summoned 18 Sabah assemblymen to record their statements, regarding allegations of corruption related to the procurement of a mineral project in the state, said MACC chief commissioner Tan Sri Azam Baki.

MACC records statements of 18 Sabah assemblymen over mineral project procurement

The Malaysian Anti-Corruption Commission (MACC) is continuing its investigation involving the late former finance minister Tun Daim Zainuddin and his wife, Toh Puan Na'imah Abdul Khalid, including tracing their overseas assets.

Investigation into Daim and wife continues, including tracing overseas assets, says MACC chief

For President Xi Jinping, the stage was set for an explosive start to Donald Trump’s presidency, after he campaigned on a promise to punish China with tariffs. Instead, the American leader’s first day back in office bought Beijing some unexpected breathing room.

Xi dodges early Trump tariffs, buying China time to influence US

A summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI up 0.52% to 1,580.46 on Jan 21, 2025

The two sons of former prime minister Tun Dr Mahathir Mohamad have together declared assets worth RM1.2 billion to the Malaysian Anti-Corruption Commission (MACC), Bloomberg reported on Tuesday.

Mahathir's two sons declare RM1.2 bil assets to MACC — Bloomberg

A who’s who of the world’s wealthiest people surrounded US President Donald Trump as he took the oath of office — gathering a combined net worth exceeding US$1.3 trillion (RM5.8 trillion) for the occasion.

The new order: Tech billionaires worth US$1.3 tril at Trump inauguration

KUALA LUMPUR (Jan 21): Retailers at the Battersea Power Station, Malaysia's largest investment involving public funds in Europe, saw a sales growth of 13.4% in November and December 2024, compared to the same festive trading period in 2023.

Retail sales at Battersea Power Station up 13.4% y-o-y in November, December 2024

MORNING CALL: 22/1/25

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.

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

One trading day into Donald Trump’s second term and it’s clear the stock market has a new driver, at least for now. Share prices rallied Tuesday, with gains largely generated by one thing the president didn’t do: enact sweeping tariffs on major trading partners.

Stocks rally on tariff delay in market mesmerised by Trump

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.
 
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.

WHO urges Trump to reconsider US exit

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.

“There is an element of trust in working together on a joint programme that will benefit one another.

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

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. 

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.

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

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.

He said it was important for road users to change their behaviour and plan their trips when the festive season arrives.

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

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

Prime Minister Datuk Seri Anwar Ibrahim held high-level meetings with business leaders from six multinational companies (MNCs) including AstraZeneca, Fortescue, DP World, Medtronics, Nestle and Google.

Arranged by the Ministry of Investment, Trade and Industry (Miti), the one-on-one meetings took place on the sidelines of the World Economic Forum (WEF) Annual Summit 2025 at the Mountain Plaza Hotel, here, where Anwar, who is also the finance minister, led the Malaysian delegation.

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.

“There is an element of trust in working together on a joint programme that will benefit one another.

UOA Real Estate Investment Trust (KL:UOAREIT) posted a 8.55% increase in net rental income for the fourth quarter on improved occupancy.

Net rental income rose to RM20.36 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), from RM18.76 million in the same period a year earlier, according to the office and commercial property trust’s bourse filing. &nbsp;

UOA REIT's 4Q rental income rises 8.5% on improved occupancy, declares 3.24 sen DPU

(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.

EFishery Pte, one of Indonesia’s most prominent startups, may have inflated its revenue and profit over several years, according to an internal investigation triggered by a whistleblower’s claim about the company’s accounting.

SoftBank-backed fish startup allegedly faked most of its sales

Asian futures broadly pointed to gains after US stocks climbed as President Donald Trump struck a better-than-feared tone on global trade and speculation grew that his policies will further boost corporate America.&nbsp;

Sunway Bhd (KL:SUNWAY) has started the ball rolling for the initial public offer (IPO) of its healthcare unit, sources told The Edge.

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.

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.

He said it was important for road users to change their behaviour and plan their trips when the festive season arrives.

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. 
&nbsp; 
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;

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;

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.

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.

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.

Service life extension programme ensures Sukhois will fly for next decade

The Ministry of Youth and Sports (KBS) has ample candidates to fill the vacancy of chief executive officer (CEO) of the National Sports Institute (NSI) to replace Ahmad Faedzal Md Ramli who will end his service on Feb 24.

Youth and Sports Minister Hannah Yeoh said that currently her department has received more than 19 applications for the position from government servants and the private sector.

More than 19 candidates vying for National Sports Institute CEO's post — Hannah

(Jan 21):&nbsp;Booming credit markets are throwing private equity firms a lifeline as they strive to return cash to investors: Instead of relying on the IPO market, they can pile portfolio companies with more debt and give themselves a payout.

Dividend recapitalizations, where a firm bo...

Private equity has a plan if IPOs, sales don't work: More debt

(Jan 21): Apple Inc&nbsp;has received a fresh pair of analyst downgrades, in the latest sign that soft iPhone sales are becoming an increasing concern for investors, as artificial intelligence fails to act as a hoped-for growth catalyst.

Shares fell 2% in premarket trading on Tuesday, e...

Apple’s tough January worsens as analysts cut on iPhone weakness

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.

Goldman Sachs Group Inc is preparing to promote a slate of star executives to run its biggest Wall Street business lines, spotlighting the firm’s next generation of leadership.

Goldman picks leaders to run Wall Street engines in major revamp

Wall Street's main indexes edged up on Tuesday, as investors assessed President Donald Trump's executive orders after taking office, while awaiting his first move on trade policy.

Trump did not lay out any concrete plans on the universal tariffs and additional surcharges on close trade partners as previously promised, but said he was thinking about imposing duties on Canadian and Mexican goods as early as Feb 1.

Wall St edges higher with focus on Trump's trade policy

A fire at a ski resort hotel in Türkiye's Bolu mountains killed 66 people on Tuesday and forced panicked guests to jump out of windows in the middle of the night.

Some 51 people were also injured, Interior Minister Ali Yerlikaya said at the Kartalkaya ski resort in northwest Türkiye.

Fire at Turkish ski resort kills 66, forces guests to jump from windows

(Jan 21):&nbsp;Investor confidence in Germany’s economy fell more than expected before next month’s snap election, underscoring persistent doubts in the country’s ability to escape its current bout of stagnation.

The ZEW institute’s index of expectations dropped to 10.3 in January from ...

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