Malaysia Business News, Finance News, Stock Updates | Malay Mail

Transport Minister Anthony Loke gives a press conference in Putrajaya on January 15, 2025. — Picture by Raymond Manuel

Malaysia / 5 h ago

Now, Loke says no definite date for KLIA’s aerotrain to start service

A screen capture shows the offending sandwich sold through some KK Mart stores. — Picture from Facebook/Dr Akmal Saleh

Malaysia / 3 h ago

Supplier confirms chicken ham in Shake and Bake sandwiches certified halal

A spokesman for the Save Taman Desa Coalition proposes that the vacant land next to the abandoned school be turned into a transportation hub. — Picture by Raymond Manuel

Malaysia / 14 h ago

Taman Desa’s infrastructure strain: Is the township ready for 70,000 residents?

This comforting bowl of Pan Mee sparked off a round of visits to Restoran Tai Kar Ho by my group of friends. — Picture by Lee Khang Yi

Eat-drink / 12 h ago

Restoran Tai Kar Ho: A place to delve deep into neighbourhood of Taman United as you slurp comforting bowls of ‘pan mee’, ‘kai si hor fun’ and ‘wantan mee’

Prime Minister Datuk Seri Anwar Ibrahim (centre) officiates the groundbreaking ceremony for the Penang Light Rail Transit (LRT) Mutiara Line in George Town January 11, 2025. — Bernama pic

Malaysia / 9 h ago

With Singapore SEZ, clock ticking for Johor Baru to develop mass transit system

Former 1MDB CEO Arul Kanda Kandasamy told the court that the money was used to purchase a luxury yacht and real estate, one of which was registered under Kassem Dean, the husband of singer Alicia Keys. — Picture by Yusof Mat Isa

Malaysia / 11 h ago

Sued by 1MDB, ex-CEO Arul Kanda tells court no personal knowledge funds used to buy US$1.3m worth of jewellery for Rosmah

An illustration featuring US President-elect Donald Trump holding Bitcoin is displayed outside a cryptocurrency exchange in Hong Kong, China, December 5, 2024. — Reuters pic

Malaysia / 11 h ago

Retired engineer loses RM9.5m to crypto scam in Johor

In a statement, EPF said the recent decision to make a voluntary general offer for MAHB’s shares at RM11 per share as part of a consortium reflects a separate, long-term strategic plan aimed at achieving sustainable growth and returns. — Picture by Yusof Mat Isa

Money / 7 h ago

EPF’s investment in MAHB to support dividend payouts

A motorcade believed to be carrying impeached South Korean President Yoon Suk-yeol following his arrest drives down a road, in Seoul January 15, 2025. — Reuters pic

World / 10 h ago

South Korea’s Yoon becomes first sitting president to be arrested in country’s history after weeks-long standoff

Anwar said embracing blockchain and cryptocurrency will help Malaysia stay competitive in the global financial landscape. — Reuters pic

Malaysia / 9 h ago

PM Anwar says going digital is way forward for Malaysia

In a note, CIMB Securities said this is due to the off-takers for YTL Power’s AI data centres (DCs) being US hyper-scalers, including Nvidia, which are not subject to the limits. — Shutterstock pic

Money / 9 h ago

YTL Power expected to attain NVEU status amid new US global AI chip policy, says CIMB Securities

After being shown the transcripts of two audio recordings of alleged phone conversations between Datuk Seri Najib Razak and the then crown prince Sheikh Mohamed Zayed Al-Nahyan in 2016, Najib agreed that he did make a ‘personal request’ in the second phone conversation regarding Riza Aziz. — Picture by Firdaus Latif

Malaysia / 3 h ago

Najib admits asking UAE crown prince to help clear moviemaker stepson Riza Aziz of 1MDB money claims

Visitors watch the BYD Yangwang U9 electric vehicle (EV) by Chinese car manufacturer BYD on display at Singapore Motorshow in Singapore on January 9, 2025. — AFP pic

Money / 11 h ago

In escalating tech war, US to ban Chinese tech from smart cars

Mohd Isa Abdul Karim (centre) was charged with seven counts of accepting RM26,300 in bribes for processing foreign marriage registrations. — Bernama pic

Malaysia / 6 h ago

Kangar mosque imam charged with taking RM26,300 in bribes for registering Muslim marriages held abroad

YTL gets green light for Ryt Bank, Malaysia’s first ‘AI-powered’ digital bank in venture with Shopee owner

Money / 9 h ago

YTL gets green light for Ryt Bank, Malaysia’s first ‘AI-powered’ digital bank in venture with Shopee owner

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Money

44 m ago

Offerors for MAHB share takeover secure 86.18pc, deadline extended to Jan 24

AmInvestment Bank said in a statement today that the total MAHB shares held by the joint offerors and the joint ultimate offerors as of 5pm, January 15, 2025, were 85.77 per cent (1,431,048,124 shares). — Picture by Shafwan Zaidon

KUALA LUMPUR, Jan 15 — The takeover of the remaining shares by the joint offerors for Malaysia Airports Holdings Bhd’s (MAHB) shares on behalf of Gateway Development Alliance Sdn Bhd, Pantai Panorama Sdn Bhd, Kwasa Aktif Sdn Bhd and Gip Aurea Pte Ltd has reached 86.18 per cent.AmInvestment Bank said...

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At 6pm, the ringgit went up to 4.4970/5010 against the greenback from Tuesday’s close of 4.5035/5100. — Picture by Choo Choy May

Money / 1 h ago

Ringgit rises against US dollar at close, weakens against other major currencies

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Money / 2 h ago

Cyberport Leads over 30 Start-ups to Participate at Asian Financial Forum 2025

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Money / 2 h ago

Johnson Electric reports Business and Unaudited Financial Information for the Third Quarter of Financial Year 24/25

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Loke said that he supports the corporate exercise by the Gateway Development Alliance (GDA), the consortium proposing to privatise MAHB and hopes that more can be done faster. — Picture by Raymond Manuel

4 h ago

Loke hopes MAHB privatisation wraps up soon

Yesterday’s announcement in the United States, which also pertains to Russian technology, came as outgoing President Joe Biden wrapped up efforts to step up curbs on China, and after a months-long regulatory process. — AFP pic

4 h ago

Beijing says ‘firmly opposes’ US ban on smart cars containing Chinese tech

Ingka has a goal of recycling as many mattresses, plastics, and textiles as Ikea sells by 2030. — Reuters pic

5 h ago

Ikea’s investment arm commits RM4.64b to revolutionise recycling for furniture waste

In a statement, EPF said the recent decision to make a voluntary general offer for MAHB’s shares at RM11 per share as part of a consortium reflects a separate, long-term strategic plan aimed at achieving sustainable growth and returns. — Picture by Yusof Mat Isa

7 h ago

EPF’s investment in MAHB to support dividend payouts

Last week, Nippon Steel and US Steel filed two lawsuits after US President Joe Biden blocked a US$14.9 billion (RM67.15 billion) buyout of the American steelmaker by the Japanese firm. — Reuters pic

7 h ago

Nippon Steel wants to work with Trump administration on US Steel deal, says vice chairman in WSJ op-ed

In a note, CIMB Securities said this is due to the off-takers for YTL Power’s AI data centres (DCs) being US hyper-scalers, including Nvidia, which are not subject to the limits. — Shutterstock pic

9 h ago

YTL Power expected to attain NVEU status amid new US global AI chip policy, says CIMB Securities

The MoU follows the recent appointment of U Mobile as Malaysia’s second 5G network provider. — SoyaCincau pic

9 h ago

U Mobile signs MoU with CIMB to finance 5G network rollout

The SEC said that at the expense of unsuspecting investors, Musk had bought more than US$500 million (RM2.2 billion) of Twitter shares at artificially low prices before finally revealing his purchases on April 4, 2022, by which time he owned a 9.2 per cent stake. — Reuters pic

9 h ago

US SEC sues Elon Musk over late disclosure of Twitter stake

9 h ago

YTL gets green light for Ryt Bank, Malaysia’s first ‘AI-powered’ digital bank in venture with Shopee owner

At 9.05am, the FTSE Bursa Malaysia KLCI (FBM KLCI) gained 3.60 points to 1,580.06 from Tuesday’s close of 1,576.46. — Picture by Ahmad Zamzahuri

11 h ago

Bursa Malaysia opens higher on rebound, supported by buying momentum

At 8 am, the ringgit traded at 4.5000/5080 against the greenback versus 4.5035/5100 at yesterday’s close. — Picture by Miera Zulyana

11 h ago

Ringgit inches higher as US inflation and tariff speculation impact dollar

Meta plans to dismiss approximately 3,600 employees identified as low performers and replace them with new hires, according to an internal memo reported by Bloomberg on January 14, 2025. — AFP pic

11 h ago

Meta to lay off 3,600 employees in performance-based cuts

Visitors watch the BYD Yangwang U9 electric vehicle (EV) by Chinese car manufacturer BYD on display at Singapore Motorshow in Singapore on January 9, 2025. — AFP pic

11 h ago

In escalating tech war, US to ban Chinese tech from smart cars

A construction site of residential buildings by Chinese developer Country Garden is pictured in Tianjin, China August 18, 2023. — Reuters pic

12 h ago

China’s biggest property developer Country Garden posts losses of US$24.3b in 2023

Even before taking office, Donald Trump has raised the prospect of fresh levies on companies, countries and groups of states as he seeks to implement his agenda.— Reuters pic

1d ago

Trump’s tariff plans could fuel trade wars and raise import costs for US businesses

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Erna Mahyuni

12 h ago

Cancer Diaries: I’m trying not to die, stop telling me how to live

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1d ago

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11 Jan 2025

My favourite Blu-ray releases of 2024

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