Tencent Holdings Ltd suspended the highly anticipated Dungeon & Fighter Mobile within an hour of its Chinese debut Tuesday, suggesting strong initial demand for a blockbuster title that investors hope will drive revenue growth in 2024.

Tencent suspends blockbuster game within an hour of China debut

Global analytics software firm Fico in its latest global consumer fraud research, revealed that 32% of Malaysians are most concerned about being tricked into making payment to a criminal, which exposes individuals to instant, irrevocable losses rarely eligible for reimbursement.

Payment fraud top concern for one in three Malaysians, survey finds

Dell Technologies Inc is unveiling a new line of personal computers (PCs) optimised for artificial intelligence (AI) tasks, betting that they will help rejuvenate a long-struggling business.

“We are going to be delivering them in volume” this year, chief executive officer Michael Dell said in an interview. By next year, “it’ll be pretty standard”.

Michael Dell says AI PCs will be ‘pretty standard’ in 2025

The proposed fuel subsidy rationalisation by the government could impact the local automotive market, which houses its major customers, primarily consisting of automotive vehicle original equipment manufacturers (OEMs), according to automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH).

Feytech expects proposed subsidy rationalisation to impact automotive market

Taiwan lawmakers are set to debate a bill that would expand their powers at the expense of the new president — and potentially spark large protests in the chip hub.

Taiwan’s opposition party pushes bill to undermine new president

A boom in tiny initial public offerings (IPOs) in India may soon be followed by larger deals, broadening options for global investors looking to join the nation’s equities frenzy.

Big IPOs seen making a comeback in India as stock boom continues

Singapore, which has been ramping up food security measures, saw its local vegetables and seafood production decline last year.

“It has not been an easy journey for local farms,” the Singapore Food Agency said in a report released on Monday. The agency attributed the decline to delays during the pandemic, inflationary pressures, higher energy prices and labour costs.

Singapore boosts foreign food sources as local vegetable supply drops

Tesla Inc workers are living in fear of the “Dear Employee” layoff email.

Chaos reigns inside Tesla as workers await next slew of job cuts

Nvidia Corp chief executive officer Jensen Huang said its partnership with Dell Technologies Inc will spread artificial intelligence (AI) to a wider range of customers, helping businesses and organisations create their own “AI factories”.

Nvidia CEO says Dell partnership is key in its push to expand AI

A coalition of Tesla Inc shareholders is urging other investors to reject a US$56 billion (RM262.78 billion) pay package for chief executive officer Elon Musk in the company’s June 13 annual meeting, posing a threat to one of the world’s largest fortunes.

Tesla shareholder group slams Musk’s US$56b pay package

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

Hubline, Public Bank, Batu Kawan, KLK, Menang Corp, Kotra, Media Chinese, FGV, Magma Binasta, Bright Packaging, Annum, Pertama 

Northcape Capital Ltd said a bid by major shareholders to take Malaysia Airports Holdings Bhd private may face opposition due to the low valuation offered.

Malaysia Airports shareholder expresses doubt on takeover bid

RHB Banking Group has launched Apple Pay for its customers in Malaysia.

RHB brings Apple Pay to customers in Malaysia

Malaysia and Japan are set to confirm their cooperation in strengthening semiconductor supply chains at a meeting later this week, according to Japanese daily The Mainachi.

Malaysia, Japan set to confirm semicon supply chain tie-up — report

Automotive seat manufacturer Feytech Holdings Bhd (KL:FEYTECH) made a strong debut on Bursa Malaysia’s Main Market at RM1.10, a premium of 30 sen or 37.5% over its initial public offering (IPO) price of 80 sen, with an opening volume of 25.15 million.

Feytech makes strong Main Market debut with 30 sen premium 

Shares of Menang Corp (M) Bhd (KL:MENANG) rose to its highest in nearly nine months after the property development and management company declared a special dividend amid six-year high quarterly earnings.

Menang shares close in on nine-month high on special dividend, earnings

Crypto prices have surged on signs of momentum toward US approval of exchange-traded funds investing directly in second-largest token Ether, a shift from a more downbeat outlook as recently as last week.

Crypto lifted by ether’s biggest jump since 2022 on ETF outlook

Rakuten Trade said Bahvest Resources Bhd (KL:BAHVEST) is poised for a potential bullish breakout from the U-shape pattern, targeting to surpass the neckline of 61 sen.

Bahvest poised for potential bullish breakout, says Rakuten Trade 

Shares of Pintaras Jaya Bhd (KL:PTARAS) rose to its highest in 11 months after the construction company’s third-quarter earnings announcement.

Pintaras Jaya rises to 11-month high after announcing 3Q results

Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve's latest policy meeting to gauge the timing and extent of possible interest rate cuts this year.

Stocks inch lower, dollar firm as Fed focus intensifies; crypto soars 

The Federation of Investment Managers Malaysia (FIMM) recently reprimanded eight former unit trust scheme (UTS) and/or private retirement scheme (PRS) consultants for their misconducts/breaches of the FIMM’s Consolidated Rules (FCR), Code of Ethics and Rules of Professional Conduct (Second Edition), or&nbsp;Code of Ethics (Third Edition).

FIMM reprimands eight former unit trust and private retirement scheme consultants

The types of business which are most likely to use artificial intelligence are seeing growth in workers' productivity that is almost five times faster than elsewhere, raising hopes for a boost to the broader economy, accountancy firm PwC said.

AI-intensive sectors are showing a productivity surge, PwC says

Public Bank Bhd (KL:PBBANK), Malaysia’s third-largest bank by assets, is on course to achieve an earnings forecast of RM6.96 billion for the financial year ending Dec 31, 2024 (FY2024), with its first-quarter results aligning with analysts’ expectations.

Public Bank on course to hit FY2024 earnings target on better outlook, say analysts

China is committed to deepening collaboration with Malaysia across various fields including economics, cultural exchange, tourism, education, and science and technology, said Chinese ambassador to Malaysia Ouyang Yujing.

China ready to broaden partnership with Malaysia across various fields — envoy

The cancellation of the permit for popular comedian Sharul Channa to perform in Malaysia by the Central Agency for Application for Filming and Performance by Foreign Artistes (Puspal) was made after taking into account police reports lodged over an old video of hers that allegedly touched on race, religion, and royalty (3R) issues, says Communications Minister Fahmi Fadzil.

Cancellation of Sharul Channa's permit took into account police reports on video related to 3R issues — Fahmi

US auto safety investigators said on Monday they have launched an investigation into the April crash of a VinFast VF 8 electric vehicle in Pleasanton, California, in which a family of four died.

US regulator to probe VinFast crash in California in which four died 

The US on Monday said it had been unable, due largely to logistical reasons, to accept an Iranian request for assistance following a helicopter crash over the weekend that killed President Ebrahim Raisi, as Washington offered its condolences.

US says it was 'unable' to provide Iran assistance after helicopter crash

Scarlett Johansson on Monday accused OpenAI of creating a voice for the ChatGPT system that sounded "eerily similar" to the actress after she declined to voice the chatbot herself.

Scarlett Johansson says OpenAI chatbot voice 'eerily similar' to hers

Microsoft Corp chief executive officer Satya Nadella is betting a new generation of computers with specialised artificial intelligence chips and faster performance will revive the long-running rivalry between Windows PCs and Apple Inc’s Mac.

Microsoft’s CEO says new AI PCs will revive PC-Mac rivalry

[THE move came after a social media post associated the timepieces with British band Coldplay, which supports LGBTQIA+.]

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