High crude oil prices caused by tension in the Middle East will help to boost Malaysia's oil and gas exports. However, escalated fuel prices will dampen the country’s economic growth, according to the Socio-Economic Research Centre (SERC).

SERC: Escalated oil price boon and bane for Malaysia

Elon Musk has kept investors hanging since he issued cryptic social posts following an exclusive April 5 Reuters report that Tesla had scrapped its plans for a US$25,000 “Model 2” electric vehicle.

“Reuters is lying,” Musk wrote in one post that day, without identifying any inaccuracies.

Wall Street wants answers from Musk on Tesla's affordable car

US Federal Reserve (Fed) chair Jerome Powell is making life tougher for his peers around the world, as the prospect of higher-for-longer US interest rates reduces room for easier policy elsewhere.

Powell's higher-for-longer US rate warning means headaches for rest of the world

Washington and London on Friday prohibited the London Metal Exchange (LME), Chicago Mercantile Exchange (CME) and other metal exchanges from accepting new aluminium, copper and nickel produced by Russia.

The two countries also barred the import of the metals into the United States and Britain.

Washington, London ban exchange trading of new Russian metal

Republican presidential candidate Donald Trump is set to stand trial in New York on Monday on charges that he illegally covered up a hush money payment to a porn star.

But what happens if the jury convicts the former US president and the judge imposes a sentence before the November election?

Why Donald Trump could be president again despite his legal troubles

Since Meta blocked links to news in Canada last August to avoid paying fees to media companies, right-wing meme producer Jeff Ballingall says he has seen a surge in clicks for his Canada Proud Facebook page.

When Facebook blocks news, studies show the political risks that follow

After rising power by embracing uncompromising and sometimes combative politics, South Korea's President Yoon Suk Yeol may have to rethink his signature style if he hopes to protect his legacy and party after a crushing election defeat.

After election rout, compromise may better serve South Korea's combative president

Young Jin Yee quit her last job after less than six months to take on one of the hardest tasks in private banking — combining the Asian operations of UBS Group AG and Credit Suisse.

Now almost 10 months into her new role as UBS’ co-head of Asia-Pacific wealth management, the former international gymnast is making a mark.

Wealth management’s rising star in Asia has tricky task at UBS

US Treasury Secretary Janet Yellen’s mission to address the threat of cheap Chinese exports is set to increase pressure on the nation’s makers of solar panels, electric cars and batteries.

A trader’s guide to Chinese stocks in focus as Yellen visits

Exchange-traded funds, more commonly known as ETFs, are a basket of securities that can be easily traded like an individual stock.

Why are ETFs so important and why they are becoming a staple in investment portfolios

Wall Street is bracing for a potential bout of stress in money markets by putting some cash on the side ahead of US tax day, when high tax-related outflows could hurt market liquidity.

Tax season, which culminates on April 15 when income tax returns are to be submitted to the US federal government, is typically associated with a drop in financial sector liquidity as individuals draw down cash from bank deposits and money market funds to pay their taxes.

Wall Street gears up for US tax season liquidity test

Some market participants believe the relentless US stock rally is poised for a breather, even if it remains unclear whether equities are in a bubble or a strong bull run.

The benchmark S&P 500 index is up over 25% in the last five months, a phenomenon that has occurred just 10 times since the 1930s, according to BofA Global Research. In an advance led by stunning gains in chipmaker Nvidia, the S&P has already made 16 record highs this year, the most in any first quarter since 1945, CFRA Research data showed.

US stocks may not be in a bubble, but a pullback could be near

A stronger-than-expected US economy is buoying the dollar, frustrating investors who had bet the currency would wilt under a barrage of interest rate cuts that have yet to materialize.

The dollar index, which measures the buck against a basket of its peers, is up 2.4% year-to-date. Net bets on the dollar in futures markets swung positive last month for the first time since late November, Commodity Futures Trading Commission data showed.

Strong US economy sends dollar bears into hibernation

The Japanese economy may have avoided a technical recession at the end of 2023 after all, as the latest capital investment data indicated an upward revision may be in store for gross domestic product (GDP), according to economists.

A jump in corporate spending in the fourth quarter prompted some economists to revise their estimates for GDP to show there was positive growth, a reversal from preliminary data that showed the economy contracted at an annualised pace of 0.4% in the final three months of last year, the second consecutive quarter of declines.

Japan’s bullish companies may help economy avoid recession

Malaysia's education system must be synonymous with the development of the country, said Higher Education Minister Datuk Seri Zambry Abd Kadir.

Zambry: Education system must be synonymous with country’s development

IPOH (April 23): The post-mortems of 10 victims of the tragedy of two helicopters colliding near the Royal Malaysian Navy (TLDM) base in Lumut, currently being carried out at the Raja Permaisuri Bainun Hospital here, are expected to be completed by Wednesday (April 24) afternoon.

Helicopter tragedy: Victims’ post-mortems expected to be completed on April 24 afternoon

The M503-3 Maritime Operations Helicopter (HOM) that was involved in a crash Tuesday morning was used for the first time in the flyby for the 90th Royal Malaysian Navy (TLDM) Anniversary parade.

Downed HOM chopper used for the first time in flyby, says defence minister 

BENGALURU (April 23): Gold prices extended losses for a second day to hit a more than two-week low on Tuesday, as diminishing fears about an escalation of tensions in the Middle East prompted investors to book profits ahead of key US economic data this week.

Gold drifts lower for second day as Middle East fears subside

Wall Street's main indexes rose on Tuesday as some growth and chip shares gained, while stocks like General Motors and Spotify advanced on upbeat earnings updates ahead of quarterly reports from big technology companies.

Wall Street gains on bright earnings, megacaps' support

Chin Hin Group Bhd’s conditional mandatory takeover offer to acquire the remaining shares it does not own in Signature International Bhd has turned unconditional, after it aggregated more than 50% of the voting shares.

Chin Hin's MGO for Signature International turns unconditional as shareholding surpasses 50%

KUALA LUMPUR (April 23): Malaysia Airports Holdings Bhd’s (MAHB) passenger traffic at its airports in Malaysia and Türkiye continued to recover in the first quarter of 2024 (1Q2024), recording 31.37 million in total passenger movements, with international passenger movements surpassing pre-pandemic levels for the first time.

MAHB’s 1Q passenger traffic rose 17% y-o-y, Istanbul airport exceeds pre-pandemic levels

HHRG Bhd, formerly known as Heng Huat Resources Group Bhd, aims to raise between RM16.1 million and RM18.14 million through a private placement of up to 10% of its expanded issued share capital to yet-to-be identified third-party investors, at a price to be fixed.

HHRG plans to raise up to RM18.14m via placement for working capital

In today’s edition of Evening 5: 00:00 Eight contractors face possible MyCC fines for bid rigging 01:36 Capital A’s unit in RFQ process for SriLankan Airlines 02:47 Topmix eyes northern region for expansion, has solid ACE Market debut 04:22 Crest Builder bags RM486 mil condo project in Mt Kiara 05:33 Gadang to lodge appeal over Bumi equity requirement

EVENING 5: Eight contractors face possible MyCC fines for bid rigging

EVENING 5: Five things you need to know today

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 23)

Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.

Two helicopters crash in Lumut, 10 confirmed killed — RMN

Healthcare stocks still have legs to run following a recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.

KPJ, IHH extend rally as analysts bet on upside

Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.

Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.

Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka over the next five years for its second-phase business expansion.

ATX Semiconductor to boost investment in Melaka to RM952m

Moomoo Malaysia, an online trading platform, garnered 100,000 clients within six weeks of its launch, making it one of the most downloaded financial mobile applications in Malaysia.&nbsp;

Moomoo Malaysia surpassed 100,000 clients within six weeks of its debut in Malaysia

Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.

Ex-Umno leader ready to apologise in contempt of court case

KUALA LUMPUR (April 23): Malaysia has emerged as the most significant country within Asean for businesses to venture into, as shown by the UOB Business Outlook Study 2024 (SMEs &amp; Large Enterprises).

Malaysia emerges as prime destination for Asean biz expansion — UOB study

Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.

Swatch says advocating compassion for LGBTQ is not a crime, seizure illegal

KUALA LUMPUR (April 23): Former Sapura Energy Bhd chief executive officer Tan Sri Shahril Shamsudin has settled his defamation lawsuit against Economics Minister Rafizi Ramli out of court.

Ex-Sapura Energy CEO Shahril settles defamation suit against Rafizi

Cypark Resources Bhd said on Tuesday that its 100MW Large Scale Solar 3 (LSS3) hybrid solar plant project in Merchang, Terengganu, will transition to full commercial operations by next month.

In a statement, the group said the plant consists of 83MWac (megawatt, alternating current) ground-mounted solar photovoltaics and 32MWac floating solar photovoltaics.

Cypark's LSS3 solar plant in Terengganu set for commercial operations next month

<h3>MyEG Services Bhd</h3>

Target price: RM1.15 ADD

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Brokers Digest: Local Equities: MyEG Services Bhd, Mah Sing Group Bhd, Tan Chong Motor Holdings Bhd, Gamuda Bhd 

While Sapura Energy Bhd has resolved one key condition of its reset plan, analysts did not change their recommendations on the group, as there is still an arduous journey ahead for the group to address its balance sheet position.

Sapura Energy not out of the woods yet as large debts still in its way

CONSTRUCTION firm GDB Holdings Bhd — which has been embroiled in disputes with KSK Group in the last two years over the development of the 8 Conlay project in Kuala Lumpur — appears to be back on investors’ radar, judging by the recent upward trend in its share price.

According to marke...

GDB Holdings a front runner for several jobs

Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday, thanks to buying from local and foreign institutions, said an analyst.&nbsp;

Bursa ends higher on buying support from local and foreign institutions

PETALING JAYA (April 23): Tropicana Corp Bhd is partnering with Maybank Islamic Bhd to provide a home financing solution called Maybank Islamic’s HouzKEY.&nbsp;

Tropicana partners Maybank Islamic to offer HouzKEY home financing solution

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;

However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told The Edge on Tuesday.

Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.

China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

Apple's smartphone shipments in China tumbled 19% in the first quarter of the year, the worst performance since 2020, as its dominance in the high-end segment came under pressure from Huawei's new product launches, market data showed.

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