KUALA LUMPUR (May 13): The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by the import of dioctyl terephthalate (DOTP) from Malaysia, Poland, Taiwan and Türkiye.

US investigating sale of plasticizers for PVC from Malaysia, other countries

(May 14): US consumer expectations for inflation and home prices rose in April while perceptions of the labor market weakened, underscoring an uneasy backdrop for household finances and the cost of living.

Consumers expect prices will climb at an annual rate of 3.3% over the next year a...

US inflation, home price expectations pick up in NY Fed survey

(May 14): At least 10 issuers are marketing deals in the US auto asset-backed securities market, with many hoping to finalize terms early this week to avoid potential volatility ahead of the latest consumer price index data release on Wednesday.

Vehicle makers like Honda Motor Co., Stel...

Borrowers market $9 billion of deals backed by auto loans before CPI release

(May 13): Walmart is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Meanwhile, workers at the U.S. retail giant's smaller offices in Dallas, Atlanta a...

Walmart to lay off hundreds of corporate staff and relocate others, WSJ reports

(May 14): INDEED plans to cut about 1,000 employees, or roughly 8 per cent of its workforce, the job-search website’s second culling in two years as it seeks to simplify its business in a cooling labour market.

Job site Indeed cuts 8% of staff in second layoff in two years

(May 14): Risks are mounting for some US firms that haven’t ever turned a profit as they’re compelled to raise capital at elevated interest rates to “remain solvent,” according to Goldman Sachs Group Inc. strategists.

The team led by David Kostin said the pressure was high for so-c...

Goldman strategists say loss-making US companies face rates risk

(May 13): UK Prime Minister Rishi Sunak’s decision last September to delay the UK’s ban on sales of new petrol and diesel vehicles

Heather Buchanan: ‘Bankers need to roll their sleeves up and work with governments to get to net zero’

(May 14): Agile Group Holdings Ltd., a Chinese developer of villa apartments and high-rise homes, defaulted for the first time on publicly issued dollar bonds, underscoring lingering distress amid the nation’s unprecedented property crisis.

The company, based in the southern province of...

Chinese builder Agile defaults for first time on dollar bonds

(May 14): Indian bonds are holding up better than most Asian peers despite the swings in Treasuries, boosting the appeal of the nation’s debt before its inclusion into major global indexes.

For every one basis-point gain in the 10-year US paper, yields on benchmark Indian notes rose by ...

Indian bonds among least vulnerable in Asia to Treasury swings

BENGALURU (May 13): India's Tata Motors' shares fell 8% on Monday, their biggest slide in over two years, over concerns of muted margin growth at its Jaguar Land Rover division, while the unit said it would have to ramp up spending amid slowing global demand.

The company's stock sl...

India's Tata Motors sinks most in 2 years on JLR margin concerns, demand worries

Video sharing platform Rumble said on Monday it has sued Google, arguing the tech giant has engaged in anticompetitive practices across its digital advertising products and sought damages in excess of US$1 billion (RM4.73 billion).

Rumble sues Google over digital advertising practices

The US ordered a Chinese crypto mining company to vacate and sell a property it bought near a Wyoming Air Force base that houses intercontinental ballistic missiles, calling the firm a national security threat.

US kicks Chinese crypto miner off land near air force base

Michael Cohen, the star witness in Donald Trump’s hush money case, directly connected his former boss to the payoff to keep adult film actress Stormy Daniels from going public about their alleged dalliance to save his 2016 presidential campaign.

Michael Cohen testimony ties Trump to hush money payment

Using Facebook in the lead-up to the US 2020 presidential election might have increased the chances of someone voting for Donald Trump, university researchers said in a study published Monday in the academic journal Proceedings of the National Academy of Sciences (PNAS).

Facebook use may have helped Trump with some voters, report says

KUALA LUMPUR (May 14): Shares of PTT Synergy Group Bhd (KL:PTT) soared on Tuesday to their highest in nearly 24 years, as news of two construction contracts worth RM169.85 million attracted the attention of investors.

PTT Synergy shares soar to over two-decade high on contract news

The comfortable win by the Pakatan Harapan (PH) and unity government's candidate Pang Sock Tao in the recent Kuala Kubu Baharu (KKB) by-election was indeed an impressive one where the overall vote share increased from 54.4% to 56.6% and the previous majority was almost maintained (4,119 in 2023 versus 3,869 in 2024) even though turnout decreased (from 67.6% to 61.5%) .

Kuala Kubu Baharu by-election a confidence-building victory for PH and unity govt, but warnings signs need to be heeded

KUALA LUMPUR (May 14): Businessman Tan Sri Halim Saad’s latest suit against former prime minister Tun Dr Mahathir Mohamad, Tan Sri Nor Mohamed Yakcop and the federal government, in which Halim claimed his constitutional rights under Articles 8(1) and 12(1)(2) of the Federal Constitution for the government’s purchase of 32.69% stake in Renong Bhd from United Engineers Malaysia Bhd (UEM), a unit of Renong, has been struck out.

High Court strikes out Halim Saad’s latest suit against Dr M, Nor Yakcop and govt

For many years, the Friday prayers, at least in Selangor, ended with the imam in his khutbah (sermon) advising the congregation to stay away from giving or accepting bribes.

MySay: Political will a must, but be brave enough to say ‘no’ to corruption too

Shares of Dialog Group Bhd (KL:DIALOG) hit a 15-month high on Tuesday after the company's third-quarter results came in slightly stronger than expected while analysts broadly told investors to accumulate the stock.

Dialog shares rally to 15-month high on strong 3Q results

KUALA LUMPUR (May 14): Shares of Carlsberg Brewery Malaysia Bhd (KL:CARLSBG) surged to a three-month high on Tuesday, as analysts continued to recommend “buy” for the stock, following the group’s first quarter results.

Carlsberg Malaysia climbs to three-month high as analysts see better prospects after 1Q results

Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, is ready to have Mohamed Rastam Shahrom at the helm at the airport operator permanently after seven months as acting group chief executive officer, say sources.

MAHB to name Mohamed Rastam as permanent CEO soon, sources say

YNH Property Bhd’s (KL: YNHPROP) proposed sale of a 5.098-acre freehold land in Desa Sri Hartamas to Sunway Bhd (KL:SUNWAY) for RM170 million has been extended for a fifth time, stretching the deadline by another year to May 12, 2025, as more conditions are being added to the deal following the discovery of a registered caveat lodged over the property.

YNH extends deadline for RM170 mil land sale to Sunway by a year after caveat found

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

PTT Synergy, Sime Darby Property, Telekom Malaysia, Aurelius Technologies, AME Elite, Mulpha International, Uzma, Dialog, GuocoLand, Swift Haulage, PA Resources

Shares of Farm Price Holdings Bhd (KL:FPHB) surged 100% in its trading debut on Tuesday after the fresh vegetable wholesaler and distributor’s initial public offering (IPO) on the ACE Market raised RM24.48 million.

Farm Price makes impressive debut on ACE Market at 48 sen versus IPO price of 24 sen

Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, is ready to have Mohamed Rastam Shahrom at the helm at the airport operator permanently after seven months as acting group chief executive officer, say sources.

Estithmar Holding and Baladna are among Qatar's largest companies by market capitalisation that attended a roundtable meeting hosted by Malaysia’s Ministry of Investment, Trade and Industry (Miti).

Qatar 'big guns' of industries attend roundtable meeting with PM 

A police patrol car escorting Melaka Chief Minister Datuk Seri Ab Rauf Yusof's convoy was among 10 vehicles damaged by trees which fell in various parts of the city during a heavy downpour on Monday.

Melaka CM's escort car among 10 vehicles hit by falling trees in KL

Shares of Dialog Group Bhd (KL:DIALOG) hit a 15-month high on Tuesday after the company's third-quarter results came in slightly stronger than expected while analysts broadly told investors to accumulate the stock.

The S&amp;P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation.

S&P 500 barely changes as investors hold tight ahead of inflation data

KUALA LUMPUR (May 14): Shares of PTT Synergy Group Bhd (KL:PTT) soared on Tuesday to their highest in nearly 24 years, as news of two construction contracts worth RM169.85 million attracted the attention of investors.&nbsp;

RHB Retail Research said Cloudpoint Technology Bhd (KL:CLOUDPT) is set to resume its uptrend after observing a breakout above the 68 sen level last Thursday — backed by surging volume.

Cloudpoint set to resume its uptrend, says RHB Retail Research 

Global stock indexes were little changed on Monday while the US dollar index eased as investors awaited this week's US inflation data that is expected to be key for the outlook for US interest rates.

Stocks near flat, dollar dips as focus shifts to US inflation data

The US ordered a Chinese crypto mining company to vacate and sell a property it bought near a Wyoming Air Force base that houses intercontinental ballistic missiles, calling the firm a national security threat.

Shares of AME Elite Consortium Bhd (KL:AME) rose to a new all-time high on Tuesday after the company announced a land sale for RM209.84 million to a Hong Kong-based data centre operator.

AME Elite shares rise to new record-high on land sale news

KUALA LUMPUR (May 13): The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by the import of dioctyl terephthalate (DOTP) from Malaysia, Poland, Taiwan and Türkiye.

KUALA LUMPUR (May 14): Shares of Carlsberg Brewery Malaysia Bhd (KL:CARLSBG) surged to a three-month high on Tuesday, as analysts continued to recommend “buy” for the stock, following the group’s first quarter results.&nbsp;

As President Joe Biden prepares a new wave of tariffs against China, a US soybean trade group is pushing for higher levies on Chinese used cooking oil that it says is undercutting American crops used for biofuels.

Flood of Chinese used cooking oil spurs call to boost US tariffs

RHB Retail Research said Tasco Bhd (KL:TASCO) is poised for an uptrend reversal after rebounding above the 21-day simple moving average line while recently testing the 88 sen immediate resistance on strong volume.

Tasco poised for uptrend reversal, says RHB Retail Research 

MIDF Research said it foresees Malaysia’s civil engineering segment, particularly under the public corporations, to continue growing strongly amid key infrastructure projects such as Penang Light Rail Transit, East Coast Rail Link and potential projects like high-speed rail and Mass Rapid Transit Line 3.

MIDF foresees Malaysia’s public civil engineering segment to continue growing strongly

Treasury Secretary Janet Yellen said she hopes China won’t mount major retaliation against any steps Washington takes to safeguard investments in critical new industries, while emphasising the US cannot allow these emerging sectors to be “wiped out” by Chinese competition.

Yellen hopes China doesn’t mount ‘significant’ trade retaliation

Prime Minister Datuk Seri Anwar Ibrahim’s discussion with two prominent Qatar government leaders on Monday was rooted primarily on the Palestine-Israel conflict and touched on the current development in Gaza.

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