GE14: Looking Back

KUALA LUMPUR (May 18): Selangor Menteri Besar Datuk Seri Mohamed Azmin Ali will be meeting with Prime Minister Tun Dr Mahathir Mohamad at the latest tomorrow, and seek an audience with the Sultan of Selangor after that, to decide if he will continue to helm Selangor or help with the Federal ...

Selangor MB Azmin says he 'certainly won't' hold two posts at the same time

KUALA LUMPUR (May 18): Prime Minister Tun Dr Mahathir Mohamad has announced the Pakatan Harapan government's Cabinet line-up in a statement today, comprising 15 Ministers including the Prime Minister and his deputy, who will be sworn in at the Istana Negara on Monday (May 21) at 11.30am.

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Dr Mahathir lets go of Education Ministry portfolio, announces full Cabinet line-up

SINGAPORE (May 16): Yesterday, the new Pakatan Harapan (PH)-led government announced that Malaysia’s 6% goods and service tax (GST) will be zero-rated from Jun 1 onwards, effectively abolishing it.

Malaysia’s newly elected prime minister, Mahathir Mohamad, had vowed during his campaign ...

Is Malaysia's farewell to its GST a little too rushed?

KUALA LUMPUR (May 17): Malaysia can reduce its fiscal deficit to around -2.7% or -2.8% in 2018 if the Pakatan Harapan (PH) government holds up to its promise for an efficient and prudent government, according to AmBank Research. 

In a note today, AmBank chief economist and head of ...

Malaysia's fiscal deficit may be reduced if PH holds up promise to clean up government, says AmBank Research

KUALA LUMPUR (May 16): More than 10 police cars and a Black Maria (a police truck used to transport prisoners) arrived at the residence of former Prime Minister Datuk Seri Najib Tun Razak on Jalan Langgak Duta, Taman Duta here tonight, Bernama reported.

The lorry believed to be bringing...

Police cars and Black Maria parked outside Najib's house

PETALING JAYA (May 16): PKR de facto leader Datuk Seri Anwar Ibrahim said the Yang Di-Pertuan Agong pardoned him of all  charges because the ruler recognised that there were elements of "miscarriage of justice" in his detention.

“He (the King) followed the development of the case, ...

Anwar: 'King pardoned me because there was miscarriage of justice'

SINGAPORE (May 16): The five-member Council of Eminent Persons, a team of special advisors announced by Malaysia’s prime minister Mahathir Mohamad on May 12, has hit the ground running.

Led by former Finance Minister Daim Zainuddin, the council also includes former Bank Negara Malaysia ...

Malaysia's special advisory council committed to meet first 100-day promises, says Maybank

PETALING JAYA (May 11): Newly sworn-in Malaysian Prime Minister Tun Dr Mahathir Mohamad says the new government he helms will be business-friendly, and expresses hope that the stock market will continue to remain active after it reopens on Monday (May 14) following the two-day public holidays yes...

Tun M assures new government will be business-friendly, wants to bring back 1MDB money

PUTRAJAYA (May 14): Attorney General Tan Sri Mohamed Apandi Ali has been told to go on leave and his duties will be taken over by Solicitor General Datuk Engku Nor Faizah Engku Atek.

At a press conference today, Prime Minister Tun Dr Mahathir Mohamad said the arrangement was due to the ...

Apandi to go on leave, Solicitor General to assume AG's role, PM says

KUALA LUMPUR (May 15): Prime Minister Tun Dr Mahathir Mohamad plans to play a background role in the government even after he hands over the reins of power to Datuk Seri Anwar Ibrahim in one to two years' time.

Dr Mahathir said PKR de facto leader Anwar, who is expected to be released f...

 Dr Mahathir to have a 'background' role even after Anwar takes over as PM

GE14 Results for State seats

KUALA LUMPUR (May 14): Umno has given its acting president Datuk Ahmad Zahid Hamidi the green light to negotiate with other political parties on forming the government or opposition blocs.

Zahid said the Umno supreme council, which decided this at a meeting today, imposed the condition ...

Umno mandates Zahid to negotiate with other parties

GEORGE TOWN (May 14): DAP secretary-general Lim Guan Eng said the Anti-Fake News Act will be abolished, as promised in Pakatan Harapan’s general election manifesto.

“Pakatan’s position has always been that the Act would be abolished but I will clarify with Prime Minister Tun Dr Mahathir...

Anti-Fake News Act will be abolished as promised, says Guan Eng

Three social media account owners, namely Badrul Hisham Shaharin or Chegubard, Mohamad Salim Iskandar (Salim Iskandar), and Wan Muhammad Azri Wan Deris (Papagomo), will be called to have their statements recorded, the Malaysian Communications and Multimedia Commission (MCMC) said in a statement on Tuesday.

MCMC to record statements from Chegubard, Salim Iskandar, Papagomo

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

GuocoLand announced that its joint-venture tender with Intrepid Investments for a land parcel in Upper Thomson Road had been accepted by the Urban Redevelopment Authority at the bid price of S$779.5 million (RM2.74 billion).

GuocoLand awarded S$779.5m tender for Upper Thomson land parcel

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

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

The Sik district is being targeted to become a hub for ‘huma’ (hill) paddy cultivation in Kedah, as an alternative measure to increase local rice supply.

Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor said the Kedah State Zakat Board (LZNK) had initiated hill paddy cultivation by focusing on unused land in the district.

Sanusi wants Sik to become Kedah's 'huma' paddy cultivation hub

According to the latest small and medium enterprise (SME) index by Oversea-Chinese Banking Corp (OCBC), SMEs have remained contractionary for the fifth consecutive quarter in Singapore.

SMEs in Singapore remain contractionary for fifth consecutive quarter — OCBC

Kossan Rubber Industries Bhd has proposed a final dividend of two sen per share for the financial year ended Dec 31, 2023 (FY2023).

The final dividend will be paid on July 18, with June 20 as the ex-date and June 21 as the entitlement date, the glove maker said in a bourse filing on Tuesday.

Kossan proposes final dividend of two sen for FY2023

ISKANDAR PUTERI (April 16): The Johor government wants to develop a multi-tiered Automated Rapid Transit (ART) system in Johor Bahru to address traffic congestion in the city.

MB: Multi-tiered Automated Rapid Transit system planned to overcome Johor Bahru congestion

Stellantis NV CEO Carlos Tavares’ jump in 2023 remuneration is getting pushback as the Jeep maker pursues deep job cuts and tough savings goals in the EV transition.

Stellantis’ US$39m CEO pay draws investor ire amid cuts

The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to Forbes Asia.

Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive

E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;

MyEG, HeiTech Padu form partnership to collaborate on IT projects

Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.

CIMB says CEO Abdul Rahman Ahmad stepping down on June 30

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.

Loke: Higher contract value awarded to HeiTech Padu due to longer extended duration

The automotive industry is not exactly the place one would want to be in the next few years.

Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.

Loke says MMC Port free to sell stake to foreign firms, but govt has to be notified of shareholding changes

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.

Carlo Rino files draft prospectus for listing transfer to ACE Market

Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.

Muhyiddin seeks five-judge bench to hear criminal charges review

Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.

What observers are saying as Singapore’s Lee paves way for next PM Wong

China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.

Iran able to 'handle situation' and spare Middle East more tension, China's foreign minister says

European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage.

EU goes on China trade offensive after getting ‘played’ 

Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;

Bursa ends morning session lower along with regional peers

KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.

KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

Outsourced semiconductor assembly and testing (OSAT) player Globetronics Technology Bhd is in the final stages of discussion with two prospective clients interested in leveraging advanced packaging technology.

Globetronics in final talks with two potential customers for advanced packaging

EP Manufacturing Bhd's (EPMB) shares climbed on Tuesday and marked their best day in 10 months after the Shah-Alam based auto parts maker signed an assembly deal with a Chinese carmaker.

EP Manufacturing shares chart best day in 10 months after assembly deal

Gold is set to reach US$3,000 (RM14,381.71) an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc said, adding to a roll call of Wall Street banks that have raised forecasts.

Gold seen hitting US$3,000 at Citi as investor inflows juice rally

China’s rapidly expanding petrochemicals industry is making life increasingly difficult for producers in Asia’s next-biggest exporter of the building blocks for making plastics. 
&nbsp; 
Asia’s largest economy used to be the major market for South Korean companies like LG Chem Ltd and Lotte Chemical Corp. But the exporters of the chemicals used to make everything from nylon to disposable bottles and car interiors are now being forced to downsize their operations after a frenzy of petchem-plant building in China over the last few years created a supply glut. &nbsp;

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