The Employees Provident Fund (EPF) is looking into restructuring the account of its members to introduce a new mechanism for saving and withdrawal, and to align the withdrawal age of its members with their minimum retirement age.

EPF looking into restructuring its members’ account and more

KUALA LUMPUR (Oct 9): Malaysians are set to officially welcome its fifth digital asset exchange (DAX) or cryptocurrency trading platform in the first quarter of 2024.

Ex-Luno general manager to launch new digital asset exchange

KUALA LUMPUR (March 7): Women in Asia are taking the reins in building their financial security though investing, and thus challenging the view that Asia compared to the West is still a patriarchal society.

Rising number of women investors can reshape economies

Betamek Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd in conjunction with its initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia Securities Bhd.

ACE Market-bound Betamek inks underwriting deal with M&A Securities

MyCIF co-invested RM357 mil in 2,279 MSMEs via ECF and P2P platforms

KUALA LUMPUR (Aug 22): A new ESG-themed (environmental, social and governance) fund has entered the market for investors who want to participate in the sustainable investing trend.

New ESG-themed fund launched

The combined wealth of tycoons on the 2022 Forbes list of Malaysia’s 50 richest fell 10% from a year ago to US$80.5 billion (about RM353.92 billion).

Wealth of Malaysia’s 50 richest has fallen 10% y-o-y, says Forbes  

The US Federal Reserve’s monetary policy tightening cycle is likely to be short and sharp, with two 50-basis-point hikes taking place in June and July. This will take the federal funds rate (FFR) towards 1.75% by end-July, with further hikes remaining on balance as the US Fed takes a pause-and-wait approach.

How much higher will the US dollar go?

KUALA LUMPUR (May 24): For every new billionaire created during the pandemic — one every 30 hours — nearly a million people could be pushed into extreme poverty in 2022 at nearly the same rate.

In a report titled “Profiting from Pain” published on Monday (May 23), Oxfam International sa...

Pandemic created new billionaire every 30 hours, now millions could fall into poverty, says Oxfam

Land & General Bhd (L&G) on Monday (April 25) launched an easy home ownership campaign with Affin Bank Bhd for its ongoing projects, namely Astoria Ampang in Jalan Ampang and Damansara Seresta in Bandar Sri Damansara, Kuala Lumpur, as well as Sena Parc in Senawang, Negeri Sembilan.

L&G and Affin launch easy home ownership campaign

When L Y Tee checked her office email at home while trying to help her children with their schoolwork during the Moveme...

In an uncertain job market, AIA offers a stable career

Mark Zuckerberg became US$31 billion (about RM129.66 billion) poorer on Thursday (Feb 3) as Meta Platforms Inc's one-day stock crash now ranks as the worst in stock-market history.

Zuckerberg’s net worth dropped to US$89.6 billion after losing some US$35.9 billion year-to-date (YTD), according to the Bloomberg Billionaires Index.

Zuckerberg US$31 billion poorer after Meta meltdown

Elon Musk and Jeff Bezos collectively crossed the half trillion dollar threshold in their personal wealth, amassing a total US$501 billion on the Bloomberg Billionaires Index.

Elon Musk — who is SpaceX CEO and chief engineer, and Tesla Inc's early stage investor, CEO, and product architect — consolidated his pole position on the index with a fortune of US$302 billion.

Musk and Bezos worth half a trillion dollars, Teh Hong Piow slips further

Banks are seen by managers across most Asia ex-Japan markets, except Taiwan, as the most effective channel to promote retirement products to retail investors aged 60 and above, as well as to younger investors in certain markets.

Banks seen as key partners in promoting retirement products in Asia, says Cerulli

Take-Two Interactive Software Inc, the company behind the Grand Theft Auto video games, plans to fire 5% its workforce and drop several projects as part of a cost-savings drive.

‘Grand Theft Auto’ maker to fire 5% of staff, drop some projects

Canada will raise capital gains taxes on businesses and wealthy individuals to help pay for tens of billions in new spending aimed at making housing more affordable and improving the lives of young people.

Canada hikes capital gains tax to raise billions for housing

The AI-driven boost in power consumption is going to be big for nuclear energy, according to Joe Dominguez, chief executive officer of Constellation Energy Corp.

AI boom needs nuclear energy, Constellation Energy CEO says

Wall Street see-sawed to a mixed close on Tuesday as rising US Treasury yields and elevated geopolitical worries counteracted a generally positive string of first-quarter corporate results.

US stocks end mixed on rising Treasury yields, Middle East jitters

Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient US economy with persistent inflation.

Wall Street stocks close lower on higher Treasury yields, rate expectations

Britain condemns the killing of Israeli teenager Binyamin Achimair and is alarmed by the "shocking levels of violence" in the occupied West Bank after his death, the country's foreign office said in a statement on Tuesday.

Britain condemns West Bank killings, calls to 'restore calm'

Paris St Germain's Kylian Mbappe scored twice in the second half to help guide his side to a 4-1 comeback win at 10-man Barcelona in their Champions League quarter-final, second leg to wrap up a 6-4 aggregate victory on Tuesday.

Mbappe scores twice as PSG beat 10-man Barca to reach semi-finals

Borussia Dortmund stormed into the Champions League semi-finals with a rip-roaring 4-2 home win over Atletico Madrid on Tuesday that saw them fight back from a 2-1 defeat in the first leg to win the tie 5-4 on aggregate.

Dortmund down Atletico Madrid in thriller to make Champions League semi-finals

WASHINGTON (April 16): US Treasury Secretary Janet Yellen on Tuesday warned that the US intends to hit Iran with new sanctions in coming days over its unprecedented attack on Israel, and these actions could seek to reduce Iran’s capacity to export oil.

US to hit Iran with new sanctions in ‘coming days’, Yellen says

KUALA LUMPUR (April 16): The Unity Secretariat meeting, held on Tuesday night, discussed preparations to strengthen machinery and the working mechanism of parties within the Unity Government, in preparation for next month’s Kuala Kubu Baharu by-election.

Saifuddin Nasution: Unity Secretariat discussed machinery preps for Kuala Kubu Baharu by-election

KUALA LUMPUR (April 16): Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:

MyEG, HeiTech Padu, Apex Healthcare, Globetronics Technology, Kossan Rubber, Tomei, GDEX, Serba Dinamik, Alpha IVF and Comfort Gloves

Practice Note 17 (PN17) company Serba Dinamik Holdings Bhd said it had been granted an extension of time until May 15 by Bursa Malaysia to submit its regularisation plan.

Bursa grants Serba Dinamik second extension of time until May 15 to submit regularisation plan

The Ministry of Investment, Trade and Industry (Miti) will draw up a comprehensive semiconductor strategic plan to ensure that Malaysia continues to be the chosen investment destination for this strategic industry, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: Miti to draw up comprehensive semiconductor strategic plan

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

EVENING 5: Five things you need to know today

Tesla Inc&nbsp;shares extended their decline for 2024, pushing the electric-vehicle (EV) maker’s market valuation below US$500 billion (RM2.40 trillion), as a round of job cuts this week further soured sentiment around the company.&nbsp;

Tesla’s value declines below US$500b as risks pile up

KUALA LUMPUR (April 16): The 14-year-old daughter of Lahad Datu police chief ACP Dzulbaharin Ismail was found dead in a pool of blood, in a room at her home in Taman Tabanak, Lahad Datu on Tuesday.

Teen daughter of Lahad Datu police chief found dead in pool of blood

KUALA LUMPUR (April 16): Newly-listed fertility care company Alpha IVF Group Bhd made a net profit of RM13.59 million for its third quarter ended Feb 29, 2024 (3QFY2024), on a revenue of RM40.7 million.

Alpha IVF makes RM13.6 mil net profit in 3Q, sees rising demand for fertility solutions amid resurgence in medical tourism

KUALA LUMPUR (April 16): Comfort Gloves Bhd said two subsidiaries of the group have commenced legal action over an additional tax demand totalling RM99.3 million by the Inland Revenue Board (IRB).

Comfort Gloves’ units go to court over RM99 mil additional tax demand

KUALA LUMPUR (April 16): Express carrier GDEX Bhd, which has been in the red for the last two financial years, is planning to diversify into the provision of information technology (IT) services and solutions to enhance its revenue stream.

GDEX plans to diversify into IT

KUALA LUMPUR (April 16): Gold jewellery manufacturer Tomei Consolidated Bhd, whose share price hit a record high last week amid rising gold prices, has declared a first and final dividend of four sen per share for the financial year ended Dec 31, 2023 (FY2023).

Tomei declares four sen dividend for 2023, expects 'reasonable profit' for 2024

WASHINGTON (April 16): US Treasury Secretary Janet Yellen on Tuesday warned that the US intends to hit&nbsp;Iran&nbsp;with new sanctions in coming days&nbsp;over its unprecedented attack on Israel, and these actions could seek to reduce&nbsp;Iran’s capacity to export oil.

KUALA LUMPUR (April 16): The Malaysian Investment Development Authority&nbsp;(Mida) has&nbsp;appointed&nbsp;Sikh Shamsul Ibrahim Sikh Abdul Majid as its&nbsp;new chief executive officer (CEO), effective April 18, 2024.&nbsp;

Mida appoints Sikh Shamsul as new CEO

The Kelana Jaya Line Light Rail Transit (LRT) service is operating with a limited number of trains, due to a disruption to&nbsp;the power supply system which was struck by lightning at 3.30pm on Tuesday.

Power supply disruption affects Kelana Jaya Line LRT service

The International Monetary Fund (IMF) inched up its expectations for global economic growth this year, citing strength in the US and some emerging markets, while warning the outlook remains cautious amid persistent inflation and geopolitical risks.&nbsp;

IMF lifts growth forecast for global economy but warns of risks

Policymakers around the world are struggling to confront a surging greenback and lofty US interest rates, according to Mohamed El-Erian.&nbsp;

“Authorities are a little bit frozen around the world as to how do you react to a generalised dollar strengthening?” El-Erian, the president of Queens’ College, Cambridge and a Bloomberg Opinion columnist, told Bloomberg Television&nbsp;on Tuesday. “How do you react to a generalised increase in interest rates in the US?”&nbsp;

El-Erian says world ‘frozen’ by strong dollar, high US rates

The High Court on Tuesday set a three-day trial in January 2026 for the defamation suit filed by former culture, arts, and tourism minister Tan Sri Abdul Kadir Sheikh Fadzir against businessman Datuk Seri Aliff Syukri Kamaruzaman over defamatory statements involving tens of millions of ringgit in investment debts.

Ex-minister's defamation suit against businessman to be heard in January 2026

KUALA LUMPUR (April 16): The Malaysian Investment Development Authority&nbsp;(Mida) plays&nbsp;an instrumental investment facilitator role in removing obstacles for prospective investors, said&nbsp;Investment, Trade and Industry (Miti)&nbsp;Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

Zafrul: Mida a vital instrument to remove obstacles for prospective investors

Iran’s unprecedented attack on Israel and the prospect of escalating hostilities have threatened to embroil Jordan, a key Western ally and a country regarded by Gulf states as pivotal to their own security.

Iran’s growing conflict with Israel puts US ally Jordan on edge

Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient US economy with persistent inflation.

PUTRAJAYA (April 16): Malaysians in West Asia, namely Iran, Iraq, Jordan and Lebanon, are reminded&nbsp;to continue to be vigilant and adhere to instructions of the local authorities, following the reopening of airspace and the resumption of flight operations in these four countries, said the Malaysia’s Foreign Ministry.

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