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

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

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

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

(April 26): HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

KUB extends deadline for CCB MGO a second time

EVENING 5: Five things you need to know today

KUALA LUMPUR (April 26): KPJ Healthcare Bhd, through its premier educational institution KPJ Healthcare University (KPJU), has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

Wall Street rises as Big Tech charges higher

In today’s edition of Evening 5: 00:00 Merger of airlines enough to reverse negative equity - Fernandes 02:16 Govt set to unveil second 5G network next week  03:26 Unisem’s 1Q hit by margins, forex 04:30 Berjaya Corp denies Forest City casino talks   05:30 Homeritz’s 2Q earnings spike on stronger greenback

EVENING 5: Merger of airlines enough to reverse negative equity - Fernandes

A weekly round-up of tanker and dry bulk market (April 26, 2024)

Baltic Exchange shipping updates: April 26, 2024

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.

Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

Malayan Banking Bhd (Maybank) has obtained a summary judgement at the High Court here against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.47 million loan given to them by the bank.

Maybank obtains summary judgement against ACE Corporation, three others for RM46m loan default

KUALA LUMPUR (April 26): Gamuda Land, the property arm of Gamuda Bhd, has unveiled partners for Gardens Square, the latest commercial development at the 810-acre Gamuda Gardens in Sungai Buloh.

Gamuda Land announces retail partners for upcoming commercial development in Gamuda Gardens

The Employees Provident Fund (EPF) has emerged as the second largest shareholder of aero-engine components manufacturer Sam Engineering &amp; Equipment (M) Bhd, after Singapore's sovereign wealth fund Temasek Holdings Pte Ltd.

EPF emerges as second largest shareholder of Sam Engineering

Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.

Anwar wants action taken against Forest City casino licence news report

Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered a restructuring plan that would make the company the largest low-cost carrier in Southeast Asia.

AirAsia X logs best day in six months on Capital A restructuring

YNH Property Bhd (YNH) issued a clarification to bondholders via Malaysian Trustee Bhd on the technical default of its Islamic notes, as well as the status of its mall sale and the appointment of a new auditor.

YNH says it has remedied 'technical default' involving sukuk programme

Nestle (Malaysia) Bhd is slated to raise prices for 22 of its products starting July 1, according to the Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM).

Nestle Malaysia to adjust prices of 22 products starting July 1

Gadang Holdings Bhd has secured a RM280 million contract to design and develop the Klang Valley Data Centre&nbsp;Block 2 in Cyberjaya from TM Technology Services Sdn Bhd, a business entity of Telekom Malaysia Bhd.

Gadang wins RM280 mil Klang Valley data centre jobs from TM Technology

MYAirline Sdn Bhd will continue to retain its nominated post holders as well as key personnel, while ensuring that its air operator’s certificate (AOC) documentation remains as current as possible.

MYAirline seeking multiple investors, to retain nominated post holders

Pavilion Real Estate Investment Trust rose to its highest in more than a month&nbsp;after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.

Pavilion REIT climbs over one-month high, analysts say earnings growth on track

D&amp;O Green Technologies Bhd, which mainly makes automotive light-emitting diodes (LEDs), is optimistic of at least 10% revenue growth this year and plans to build another facility in anticipation of “significant growth” over the next decade.

D&O optimistic of revenue growth, plans new RM200m facility

The Malaysian Anti-Corruption Commission (MACC) has given businessmen Mirzan Mahathir and Tan Sri Mokhzani Mahathir a 30-day extension from Friday to declare their assets to the anti-graft body.

Mirzan and Mokhzani given 30-day extension to declare assets

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

Penang Chief Minister Chow Kon Yeow&nbsp;has announced that he is in talks with a group of companies which have recently participated in Selangor’s integrated circuit (IC) design park.

Integrated circuit design firms to announce investments in Penang on Saturday, says Chow

Wiradani Development Sdn Bhd — a property developer linked to the son of former finance minister Tun Daim Zainuddin — has filed a fresh winding-up petition against SPNB Aspirasi Sdn Bhd, a wholly-owned subsidiary of Syarikat Perumahan Negara Bhd (SPNB).

SPNB unit faces fresh winding-up petition on failure to complete payment to Wiradani after settlement

KUALA LUMPUR (April 26): Software company Microlink Solutions Bhd said on Friday that it has secured a contract worth RM56.45 million to implement and maintain a new core banking system for Bank Islam Brunei Darussalam Bhd.

Microlink gets RM56.45 mil contract from Bank Islam Brunei

Hong Kong and China stocks extended gains on Friday, with the Hang Seng Index logging its best week since October 2011, as sentiment recovered further after strategists from global investment houses upgraded their views on Chinese shares.

Hong Kong stocks notch best week in more than 12 years; China attracts record inflow 

Malaysia is poised to be the next home of Zhejiang Geely Holding Group Co Ltd’s (Geely) methanol-powered vehicles, after China and the European market.&nbsp;

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