KUALA LUMPUR (May 23): Advancecon Holdings Bhd’s (KL:ADVCON) unit Advancecon Infra Sdn Bhd (AISB) has secured a RM68.5 million job from Sime Darby Property (Lagong) Sdn Bhd, to carry out earthworks and related works for Stage 1 (Package 2) at Lagong Mas in Gombak, Selangor.

Advancecon unit secures RM68.5m job from Sime Darby Property

Jiangsu Hengrui Pharmaceuticals Co, China’s largest drugmaker by market value, surged in its trading debut in Hong Kong after raising HK$9.9 billion (US$1.3 billion or RM5.4 billion) as listings pick up in the Asian financial hub.

Top Chinese drugmaker Hengrui soars in Hong Kong trading debut

The Center to Combat Corruption and Cronyism (C4 Center) strongly urges the government to fully cooperate with French investigative authorities in their ongoing prosecutions and to initiate investigations and, if need be, proceedings against individuals who were involved in the 2002 Scorpene submarine scandal.

C4 Center calls for full govt cooperation in Scorpene scandal probe

KUALA LUMPUR (May 23): The Malaysian Palm Oil Council (MPOC) will request clarification from the European Commission (EC) on its full benchmarking methodology used in its assessment on the “standard risk” status given to Malaysia under the European Union Deforestation Regulation (EUDR).

MPOC seeks European Commission’s clarification on Malaysia’s ‘standard risk’ status under EUDR

Brookfield Asset Management sees the potential for more property acquisitions from real estate investment trusts in Singapore after its first deal in the city state.

Canada's Brookfield eyes more Singapore deals from REITs under pressure

Nomura Holdings Inc raised pay for its top executives to the highest in more than a decade, as Japan’s biggest brokerage posted a record annual profit on the back of the nation’s retail investment boom.

Nomura lifts top executives’ pay to highest in over a decade

Beijing and Washington continued high-level contact with a Thursday call between senior officials, a sign that the two sides are maintaining active communications following their trade truce earlier this month.

Senior US-China officials vow to keep communication lines open

WASHINGTON/CAIRO (May 22): The United States will impose sanctions on Sudan, after determining that its government used chemical weapons in 2024, during the army's conflict with the paramilitary Rapid Support Forces (RSF), the US State Department said on Thursday.

US to impose sanctions on Sudan after finding its government used chemical weapons

Japan’s top trade negotiator Ryosei Akazawa set off Friday for the US for a third round of trade talks with the Trump administration, with Tokyo determined to avoid a deal that doesn’t address levies on its key auto industry.

Japan’s Akazawa heads to US for third round of trade talks

OpenAI is eyeing the Asia-Pacific for future data centre sites, joining an already heated race to build out artificial intelligence (AI) infrastructure in the region.

OpenAI eyeing Stargate data centres for AI in Asia-Pacific, Bloomberg reports

KUALA LUMPUR (May 23): Eco-Shop Marketing Bhd (KL:ECOSHOP) rose in its trading debut on the Main Market of Bursa Malaysia, after the dollar-store retail chain lowered the offering price of its shares.

Eco-Shop Marketing opens higher in Main Market trading debut

YTL Power International Bhd's stock (KL:YTLPOWR) fell on Friday as investors reacted to a set of weaker-than-expected results. Parent company YTL Corporation Bhd (KL:YTL) also declined.

YTL Power, YTL Corp down amid weak quarterly results, analyst downgrades

Goldman Sachs Group Inc&nbsp;said the banker at the heart of a scandal linked to 1Malaysia Development Bhd (1MDB) engaged in “serial lies” and deception about the fraud, days before he is scheduled to be sentenced.

In a letter to a US judge, Goldman said that Tim Leissner, the bank’s former Southeast Asia chairman, has never taken responsibility for his actions in the multibillion-dollar fraud that brought down the Malaysian government.

Goldman accuses 1MDB banker Leissner of ‘serial lies’ ahead of sentencing

An institutional investor’s multi-billion dollar bullish bet on US stocks has become the talk of the options market.

Over the past month, market participants have noted steady buying of mostly June 2027 call options across a swath of large US companies. Estimates vary of the total premium being spent, with Nomura Holdings Inc&nbsp;tallying nearly US$3 billion (RM12.81&nbsp;billion).&nbsp;

Mystery options buyer bets some US$3b on US stock rally

KUALA LUMPUR (May 23): The family lawyer of Datin Seri Pamela Ling Yueh is perplexed by the authorities' assertion of her role as a witness, given remand order and travel ban imposed before her abduction.

Family lawyer doubts abducted Pamela Ling’s status as witness for MACC

KUALA LUMPUR (May 23): Lawyers for the late Tun Daim Zainuddin’s family have questioned the basis for the Malaysian Anti-Corruption Commission (MACC)’s recent comments that the former finance minister’s undeclared assets should be seized.&nbsp;

Lawyer questions basis for MACC’s comments that late Daim’s undeclared assets should be seized

US&nbsp;President&nbsp;Donald Trump&nbsp;showed a screenshot of Reuters video taken in the Democratic Republic of Congo as part of what he falsely presented on Wednesday as evidence of mass killings of white South Africans.

Trump's image of dead 'white farmers' came from Reuters footage in Congo, not South Africa

Asian shares posted a modest gain on Friday after a rebound in Treasuries and the dollar eased some concerns about US fiscal policy.

Asian equities advance while Treasuries hold gains

KUALA LUMPUR (May 23): Former prime minister Datuk Seri Najib Razak has initiated contempt of court proceedings against former attorney general (AG) and sitting apex court judge Tan Sri Ahmad Terrirudin Mohd Salleh, over an alleged order which allows the ex-PM to serve his jail sentence under house arrest.

Najib initiates contempt proceedings against ex-AG Ahmad Terrirudin over addendum order

A Luxembourg court on Thursday fined Edmond de Rothschild over RM119 million for the bank's role in a money-laundering scandal involving 1Malaysia Development Bhd (1MDB), Agence France-Presse reported.

European bank fined RM119m over role in 1MDB scandal by court in Luxembourg

Wall Street struggled to regain confidence in the wake of a&nbsp;Treasury sell-off&nbsp;that shook markets amid fiscal concerns, with stocks dropping in the last stretch of US trading. Bonds and the dollar rose.

After a brief pause in equity selling, the S&amp;P 500 lost steam to finish lower for a third consecutive day.

US stocks lose steam in final minutes of US trading

Japan may consider asking government-owned entities to support the nation’s bond market if the sell-off in longer-dated debt doesn’t abate, according to Barclays plc’s global chair of research.&nbsp;

Firms with significant state influence like Japan Post Holdings Co&nbsp;and the Government Pension Investment Fund could be “quietly told” to buy more domestic bonds, Barclays’ Ajay Rajadhyaksha said in an interview.

Japan could ask state-owned firms to buy bonds, Barclays says

Bursa Malaysia Securities Bhd on Thursday granted Pharmaniaga Bhd (KL:PHARMA) a three-month extension up to Aug 29 to implement its&nbsp;regularisation plan.

Pharmaniaga gets three-month extension to implement regularisation plan

AME Elite Consortium Bhd (KL:AME) has proposed to provide up to RM100 million in financial assistance to Suling Hill Development Sdn Bhd, a 50%-owned jointly controlled entity of its wholly owned subsidiary Northern Industrial Park Sdn Bhd.

AME Elite to provide up to RM100m financial assistance for Penang industrial park project

BANFF, Alberta/OTTAWA, Canada/BENGALURU (May 22): Finance ministers and central bank governors from the Group of Seven (G7) democracies papered over their differences on Thursday, pledging to address "excessive imbalances" in the global economy and saying they could increase sanctions on Russia.

G7 glosses over tariffs, pledges to cut global economic imbalances

NEW YORK (May 22): Billionaire investor&nbsp;Bill Ackman told clients on Thursday that his hedge fund bought Amazon shares last month, betting earnings will continue to grow at the online retailer, as US President Donald Trump's tariffs bite less than consumers initially feared.

Ackman's hedge fund Pershing Square bets on Amazon, exits Canadian Pacific

Mercato has commenced operations at Tropicana Metropark’s SouthPlace Shoppes, occupying a 21,069 sq ft space as the anchor tenant of the commercial precinct.

Tropicana Metropark boosts retail mix with Mercato opening

（吉隆坡23日讯）宜购市场（Eco-Shop Marketing Bhd）（KL:ECOSHOP）在大马交易所主板亮丽登场，首宗交易取得开门红。

主板亮丽登场 宜购市场首开溢价

KUALA LUMPUR (May 23): Kossan Rubber Industries (KL:KOSSAN) expects only a minimal impact on its sales volume, anticipating a slight dip in the second quarter due to weakened demand from US customers and intense competition in non-US markets.

Kossan faces slight sales dip amid intense competition, policy shifts — analysts

KUALA LUMPUR (May 23): Sunway PKNS Sdn Bhd has celebrated the topping-off of both 45-storey towers at Sunway d’hill Residences, with grocer Mercato confirmed as anchor tenant for the development’s retail component.

Topping-off milestone at Sunway d’hill Residences, grocer Mercato set to anchor retail component

Following the success of the first phase of Kiaramas deDaun, an upscale condominium in Mont’Kiara, Kuala Lumpur, the developer Asia Quest Group is rolling out the second phase this month.

Its CEO Tan Kok Leng tells City & Country in an email interview that the first phase, ...

Asia Quest Group to launch Phase 2 of Kiaramas deDaun this month

THE jewel in the crown of Tan Sri Abu Sahid Mohamed’s Maju Group is MEX Expressway Sdn Bhd (MESB), concessionaire and operator of the Maju Expressway (MEX), which is seeing robust daily traffic.

Abu Sahid has been unable, however, to tap the finances of the 26km highway since 2022, foll...

Cover Story: Will Abu Sahid finally exit MEX? 

After raising RM1.3 billion in debt in 2016, Maju Group’s MEX II now has just RM30 million left and an unfinished highway, leaving the government in a dilemma

 

 

 

THE 26km Maju Expressway (MEX), which li...

Cover Story: The MEX mess

Win the lottery, blow the money, borrow more, win the lottery again. Such a “plot” would be far-fetched for pulp fiction, but it is not too wide of the mark as a one-line summary of Barcelona FC’s recent balance sheet shenanigans. It was not a roller coaster ride, but financial bungee jumping — and the cord broke.

Business of Sports: ‘Once-in-50-years’ talent Lamine Yamal getting Barca back on track

Malaysia is facing a demographic shift: an ageing population and a declining number of children. Ensuring a skilled workforce is more critical than ever, yet hundreds of thousands of non-citizen children born in Malaysia remain excluded from formal education. This exclusion limits their economic potential and weakens Malaysia’s future growth. If left unaddressed, it will undermine the country’s long-term resilience and competitiveness in an era of global workforce shortages.

MY Say: Wasted potential: the economic case for educating non-citizen children born in ageing Malaysia

The Gombak-Hulu Langat (GHL) Geopark was declared the first national geopark in Selangor by Sultan Sharafuddin Idris Shah last November. This brought the total to 10 national geoparks and two Unesco Global Geoparks (UGGp) in the country.

However, this brings to question whether a geopar...

Environment: Can geopark status protect natural sites?

Increasing scrutiny on ESG has led to a global rise in litigation against companies that commit greenwashing. At the same time, several countries are coming up with regulations and guidelines to prevent the activity.

Malaysian companies have also been accused of greenwashing, which is t...

Regulations: Should Malaysia have a law against greenwashing?

The question many are asking today is: Is DEI still relevant? The short answer is — now more than ever! International Women’s Day 2025, with the theme “Accelerate action” and celebrated globally in March, reaffirms the commitment to powering progress and impact through diversity, equity and inclu...

Views: Is DEI still relevant?

In January, during a routine firefly survey in Taman Persekutuan Bukit Kiara, Kuala Lumpur, Jack Tan, a research assistant and master’s student in environmental science at Monash University, unintentionally rediscovered a firefly species last seen a century ago in Malaysia. His find marks the nin...

Biodiversity: Protecting fireflies in urban forests

Of the many threats to the survival of tigers in Malaysia, one of the most overlooked is the decline of its primary prey: the sambar deer, one of the largest deer species in Southeast Asia. Marked by a dark brown coat and large antlers in males, sambar deer are vital in sustaining the population ...

The Edge Malaysia

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