Abandoned housing has been a long-standing problem in Malaysia. According to the Real Estate and Housing Developers’ Association (Rehda) Institute in its recently released “Abandoned Housing — Challenges, Insights & Solutions Research Report”, the number of abandoned housing projects has been...

Stakeholder action needed to address abandoned housing issues, says Rehda Institute

ECONOMIC growth in the Asean+3 ­(China, including Hong Kong, and Japan and South Korea) region is likely to come in at a slower pace of 3.8% this year compared with an earlier expectation of 4.2% as a result of tariffs imposed by the US, the Asean+3 Macroeconomic Research Office (AMRO) projects.<...

Cover Story: Tariffs to weigh on growth of Asean+3 region

AS US President Donald Trump’s reciprocal tariff stance is expected to heighten global economic uncertainty and amplify “risk-off” sentiment among investors, it could lead to a reallocation of capital away from emerging-market bonds, including Malaysian bonds, in the near term.

RAM Rati...

Cover Story: Foreign appetite for emerging market bonds likely to be weak

GLOBAL markets experienced a roller-coaster ride last week, tracking closely US President Donald Trump’s tariff announcements. As always, his next move is anyone’s guess.

First, “Black Monday” on April 7 occurred in response to his sweeping tariffs levied on most nations, which also cau...

Cover Story: Navigating Trump’s tariff endgame

Continuing the line of thinking presented in this column last month, on “Recognising the colonial period as the genesis of Malaysian history” (The Edge, Issue 1567, March 24, 2025), we are given a shocking current example of how excessive nostalgia for past glory — by its nature always exaggerate...

Picking On The Present: Subnational economic histories provide good tools for policymaking

In this era of growing protectionism, defending globalisation can feel like a losing proposition. But rather than retreat from the debate, it is more urgent than ever to spell out the costs of a trade war, which threatens to accelerate the fragmentation of the global economy because it is really ...

The New Global Economy: The false promise of tariffs

PENGURUSAN Aset Air Bhd (PAAB) is committed to helping the federal and state governments reduce non-revenue water (NRW) in Peninsular Malaysia and Labuan to an average of 28% by 2030, compared with 37.1% as at 2023.

To achieve an NRW of 28%, however, water tariffs will need to rise, ena...

Improving NRW a priority, but higher tariffs also needed to sustain the water industry

THE constant flow of water from our taps is often taken for granted. But beneath the surface, a lot has changed over the past 20 years to ensure the sustainability of the country’s water assets.

At the heart of this transformation is Pengurusan Aset Air Bhd (PAAB), an entity under the M...

PAAB’s role in funding development and maintenance of water infrastructure

THE fight for control of Kuala Lumpur Tower (KL Tower), one of the world’s tallest telecom towers, has been getting attention lately, in part because its outgoing operator is preventing a smooth transition.

After 29 years, Menara Kuala Lumpur Sdn Bhd (MKLSB) was supposed to cease runnin...

Who will win the tussle over KL’s iconic tower?

The Penang property market was stable in the fourth quarter of 2024 (4Q2024), according to Nawawi Tie Leung Property Consultants Sdn Bhd executive director Saleha Yusoff in presenting The Edge Malaysia | Nawawi Tie Leung Property Consultants Penang Housing Monitor 4Q2024.

“In 4Q2024, th...

The Edge Malaysia | Nawawi Tie Leung Property Consultants Penang Housing Monitor 4Q2024: Market sees stable performance in 4Q2024,   driven by residential sector

GDEX Bhd (KL:GDEX) is beginning to see “a light at the end of the tunnel” following the company’s diversification into the information technology (IT) services sector, according to its managing director and group CEO Teong Teck Lean.

The group struggled for much of the last three years ...

GDEX’s pandemic-induced tech pivot showing results, eyes more partnerships

EG Industries Bhd (KL:EG) is confident of breaching the RM2 billion revenue mark for the first time in the financial year ending June 30, 2025 (FY2025), despite the market turmoil caused by US President Donald Trump’s sweeping tariff announcements earlier last week.

According to the ele...

EG Industries poised to surpass RM2 bil revenue despite global turmoil

THE feud between siblings Tan Sri Shahril Shamsuddin and Datuk Shahriman Shamsuddin of the Sapura group of companies is likely to generate considerable interest, with Shahriman’s petition to wind up Sapura Holdings Sdn Bhd slated to be heard in court on April 22.

Petition to wind up Sapura Holdings to be heard in court this week

It’s an unlikely marriage: Moneyball and Mohamed. Hard-nosed American hedge fund investors in raw talent and the biggest sports superstar in the African, Arab and Muslim worlds. But Liverpool FC’s owners and Mo Salah have renewed their vows to make it a decade-long union, and it’s hard to say who...

Business Of Sports: A win-win situation as Egyptian king continues his Liverpool reign

Leapmotor has struck a deal with Chinese state-owned automaker FAW to deliver an electric vehicle platform that will be used to drive overseas sales for Hongqi, an emerging national champion, executives from both companies said.

China's Leapmotor to supply EV platform to Hongqi, also in talks with Ferrari

KUALA LUMPUR (April 24): YTL Hotels has expanded its hospitality portfolio with the opening of two new properties — Moxy Kuala Lumpur Chinatown and AC Hotel by Marriott Ipoh.

YTL Hotels opens Moxy Kuala Lumpur Chinatown and AC Hotel by Marriott Ipoh

Norway's US$1.7 trillion (RM7.4 trillion) sovereign wealth fund, the world's largest, reported on Thursday a quarterly loss of 415 billion Norwegian crowns (US$39.72 billion) for the January to March period, largely driven by negative returns in the tech sector.

Norway wealth fund posts US$40b first-quarter loss on tech weakness

Singapore equities were set for an eighth straight session of gains on Thursday, marking their best winning streak since November 2022, as cooling inflation and demand for defensive stocks supported the benchmark index.

Singapore shares set for an eight-day rally; Asian FX muted 

Gucci sales tumbled in the first quarter as efforts to revive Kering SA’s biggest brand again failed to yield signs of a turnaround amid a tough period for the luxury-goods industry.

Gucci sales drop as Kering label struggles to revive demand

China’s central bank chief Pan Gongsheng urged countries to help maintain confidence in the global economic system on a trip to the US, reiterating Chinese opposition to tariffs as American President Donald Trump signals a shift toward de-escalating tensions.

PBOC chief warns trade frictions threaten trust in world economy

Adidas AG reported better-than-expected earnings in the first quarter as consumers continue to snap up retro sneakers like the Samba in the face of growing economic uncertainty.

Adidas earnings bolstered again by retro sneaker craze

KUALA LUMPUR (April 24): The special sitting of Dewan Rakyat on May 5 to discuss the impact of the United States’ actions on the Malaysian economy will be held at the request of Prime Minister Datuk Seri Anwar Ibrahim.

Dewan Rakyat special sitting on May 5 held at PM’s request — Parliament

Rising tariffs and the weakening dollar are casting a shadow on companies’ profit guidance this earnings season, with more damage seen unfolding over the coming quarters.

US dollar’s slide raising red flags for corporate earnings

KUALA LUMPUR (April 24): The Ministry of Education issued an apology for an incorrect depiction of Malaysia’s national flag, the Jalur Gemilang, on an exam results analysis report distributed on Thursday.

Education Ministry apologises for Jalur Gemilang bungle in SPM results report

A surge of complaints emerged on Thursday evening from investors across Bursa Malaysia, reporting that their accounts have been hacked and used for unauthorised trading activities.

Widespread hacks hit stock trading accounts in Malaysia

ACE-market listed LYC Healthcare Bhd (KL:LYC) said it has been served with a winding-up petition by SOG Mummy &amp; Baby Centre Pte Ltd for allegedly failing to settle an outstanding amount of RM600,000.

According to the petition, the amount owed is related to instalment payments due under a settlement reached in December 2024, which was subsequently restructured by both SOG Mummy and LYC Healthcare.

LYC Healthcare gets winding-up petition

IJM Corporation Bhd (KL:IJM) has acquired a 50% stake in financially troubled UK-based construction firm JRL Group for £50 million, or about RM283 million.

IJM Corp completes acquisition of troubled UK builder for RM283m

(April 24):&nbsp;Coffee shop operator Zuspresso Sdn Bhd&nbsp;plans to open nearly 200 new stores in Southeast Asia this year, after surpassing Starbucks as Malaysia’s largest coffee chain within five years of inception.&nbsp;

ZUS Coffee to add 200 Southeast Asia stores in Starbucks duel

KUALA LUMPUR (April 24): Malaysia&nbsp;will need to mark down its growth forecast of 4.5% to 5.5% for the year, due to trade and tariff uncertainties, its central bank governor said.

Malaysia will need to revise down growth forecast, BNM governor says

KUALA LUMPUR (April 24): The Asian Development Bank (ADB) disbursed US$4.9 billion (RM21.5 billion) to Southeast Asia in 2024, with Malaysia getting the smallest slice of the allocation, its latest annual report showed.

Asian Development Bank disbursed US$4.9b to Southeast Asia in 2024, Malaysia received US$1.7m

KUALA LUMPUR (April 24): YTL Hotels has expanded its hospitality portfolio with the opening of two new properties — Moxy Kuala Lumpur Chinatown and AC Hotel by Marriott Ipoh.&nbsp;

(April 24):&nbsp;Online merchants are being inundated with suspicious offers to help avoid paying US tariffs&nbsp;on goods made in China.

‘Made in Malaysia’: Online sellers bombarded with ways to evade tariffs

Bursa Malaysia Bhd’s (KL:BURSA) net profit for the first quarter ended March 31, 2025 (1QFY2025) is expected to decline year-on-year, weighed down by a weaker securities average daily value (ADV) amid cautious market sentiment, according to CIMB Securities.

Bursa’s 1Q net profit could decline as much as 27% amid weaker securities average daily value — CIMB

China demanded that the US revoke all unilateral tariffs and said there were no talks on reaching a trade deal, maintaining a tough stance despite President Donald Trump’s easing of criticism of the country.

China says US should revoke all unilateral tariffs, denies talks

Former Goldman Sachs Group Inc banker Roger Ng Chong Hwa said that he first met fugitive Low Taek Jho (Jho Low) almost 20 years ago, just as the Terengganu Investment Authority (TIA)&nbsp;was about to set up.

1MDB-Tanore: Ex-Goldman banker Roger Ng says knew Jho Low around 2008/2009

Malayan Banking Bhd (KL:MAYBANK) has announced the appointment of Nor Shahrizan Sulaiman as its officer-in-charge of Maybank Islamic Bhd, following the resignation of its Islamic banking group chief executive officer Datuk Muzaffar Hisham to pursue other professional interests.&nbsp;

Muzaffar Hisham leaves Maybank's Islamic arm, said to be headed for top role at Bank Pembangunan

The timeline for completion of the aerotrain project at the Kuala Lumpur&nbsp;International Airport (KLIA) is completely unrelated to the recent privatisation of Malaysia Airports Holdings Bhd (MAHB), said its chairman Dr Nungsari Ahmad Radhi.

Aerotrain completion timeline not affected by privatisation — MAHB chairman

RHB Investment Bank cautioned that inconsistent US trade policies could defer critical capital expenditure (capex) decisions and manufacturing reallocation timelines, pressuring technology sector earnings.

RHB cuts tech sector earnings amid volatile US trade policy that threatens capex, equipment demand

Malaysia is positioning itself to become a key player in the rare earth elements (REE) value chain, amid a shifting geopolitical landscape and the ongoing trade war between the US and China.

Malaysia poised to capitalise on rare earth element opportunities amid trade war, says science minister

KUALA LUMPUR (April 24): Tenaga Nasional Bhd (TNB)(KL:TENAGA) has more than doubled its budgeted capital expenditure (capex) to RM42.9 billion — comprising RM26.6 billion in base capex and RM16.3 billion in contingent capex — to support infrastructure development for Malaysia’s energy transition.

TNB doubles capex to RM42.9b to back energy transition efforts

The new operator of Kuala Lumpur Tower, LSH Service Master&nbsp;Sdn Bhd (LSHSM), is working closely with the Ministry of Communications to determine a suitable date for the reopening of the iconic national landmark, following comprehensive maintenance and improvement works.

KL Tower reopening date to be set after major upgrade works, says LSH Service Master's CEO

(April 24):&nbsp;Investors increasingly expect Malaysia, Southeast Asia’s last holdout against interest rate cuts, to give in to mounting economic pressure from the global trade war.

Bets on Malaysia’s OPR cut mount as tariff shock dims growth outlook

Crypto’s richest man, Changpeng Zhao, was in a playful mood as he addressed a packed house at the Ritz-Carlton in Kuala Lumpur, just seven months after his release from a low-security California prison.&nbsp;

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