The proposed Urban Renewal (PSB) Act will provide homeowners the opportunity to obtain new, more comfortable, spacious, and livable replacement units, says Housing and Local Government Minister Nga Kor Ming.

Urban Renewal Act to offer better, more spacious homes — Nga

Cambodia and Singapore support Malaysia's efforts, as the Asean chairman, to continue dialogue with all stakeholders to ensure the safety of humanitarian workers and bring peace to the people of Myanmar.

Cambodia, Singapore welcome Malaysia's efforts to ensure safety of humanitarian workers in Myanmar

Three premises suspected of bottling and distributing engine oil using counterfeit trademarks were raided in a joint operation by police and the Ministry of Domestic Trade and Cost of Living (KPDN) in Ara Damansara and Kepong on Tuesday.

13 arrested in counterfeit engine oil crackdown

Malaysian state-owned oil and gas firm Petroliam Nasional Bhd, or Petronas, is in talks with Commonwealth LNG to buy liquefied natural gas (LNG) from the US company's facility in Cameron, Louisiana, according to four trading and industry sources with knowledge of the matter.

Petronas and Commonwealth LNG in talks for term supply, Reuters reports

The Malaysian Anti-Corruption Commission (MACC) has detained four individuals, including one bearing the title of "Datuk Seri", for allegedly submitting claims containing false particulars amounting to RM360 million.

Four including ‘Datuk Seri’ detained over RM360 mil false claims

Propel Global Bhd (KL: PGB) has subscribed to 23.46 million shares or a 6.5% stake in a private placement by Reservoir Link Energy Bhd (KL:RL).

Propel Global takes up 6.5% stake in Reservoir Link via private placement

Malaysia hosted the Asean Senior Officials’ Meeting (SOM) and Related Meetings on Tuesday in Kuala Lumpur, according to the country's Foreign Ministry.

Three senior official-level meetings were convened, namely the Asean SOM, Meeting of the Executive Committee of the Southeast Asia Nuclear Weapon-Free Zone (SEANWFZ ExCom), and the 18th Asean Coordinating Council Working Group on Timor-Leste’s Application for Asean Membership (ACCWG-TL).

Asean SOM discusses Community Vision 2045, Timor-Leste membership and nuclear-free zone

A brief recap of some business news and corporate announcements that made the headlines on Tuesday.

S P Setia, Sime Darby Property, CIMB, GuocoLand, DXN, Pantech, Southern Score Builders, Pharmaniaga, Mudajaya, MyEG

The government is set to announce an unprecedented recovery plan for the victims of the gas pipeline explosion in Putra Heights, Subang Jaya, says Housing and Local Government Minister Nga Kor Ming.

Govt to announce unprecedented recovery plan for Putra heights blast victims — Nga

Prime Minister Datuk Seri Anwar Ibrahim expressed hope that the diplomatic ties and friendship between Malaysia and Egypt will continue to grow, particularly in addressing complex global issues through dynamic and thoughtful engagement.

PM hopes Malaysia-Egypt ties will continue to flourish amid global challenges

Teaching hours for the Reproductive and Social Health Education (PEERS) module will be increased under the 2027 School Curriculum as part of efforts to better equip students with the essential knowledge, said Education Minister Fadhlina Sidek.

MOE to increase teaching hours for peers module in 2027 — Fadhlina

Olympia Industries Bhd (KL:OLYMPIA) said its external auditor Messrs Ernst & Young PLT (EY) has issued an unqualified opinion with material uncertainty related to the group’s ability to continue as a going concern, as disclosed in the audited financial statements for the financial year ended Dec 31, 2024 (FY2024).

EY flags material uncertainty over Olympia Industries’ ability to continue as going concern

A former director of 1Malaysia Development Bhd (1MDB) testified on Tuesday that the state fund's board had relied on signed-off audits from audit firms KPMG and Deloitte, which assured them that 1MDB’s investments were legitimate despite news reports from The Edge and others stating that US$700 million from the fund had been siphoned into a company owned by fugitive Low Taek Jho (Jho Low).

Ashvin Valiram: 1MDB board relied on auditors, ignored news exposés on fund's financial health

Property developer GuocoLand (Malaysia) Bhd (KL:GUOCO), the property arm of Hong Leong Group, is undertaking a comprehensive review of its land bank to maximise its land use value. This review may include a potential foray into industrial township development to support long-term growth, it said in a bourse filing.

GuocoLand mulls foray into industrial township development; 3Q earnings drop on higher taxes

China has waived the 125% tariff on ethane imports from the US imposed earlier this month, two sources with knowledge of the matter said on Tuesday, among a group of products that have been granted exemptions.

China waives tariffs on US ethane imports — Reuters

GM is recalling 721,000 SUVs and trucks worldwide due to engine issues that could lead to a loss of power and boost the risk of a crash, the company announced on Tuesday.

GM recalling 721,000 vehicles over engine issue

Britain plans to bring crypto exchanges and dealers under compulsory regulation for the first time under new draft laws announced by finance minister Rachel Reeves on Tuesday to regulate the crypto-asset industry.

UK sets out new laws to regulate crypto exchanges and dealers

Oil prices fell about 2% to a two-week low on Tuesday on expectations Opec+ will boost output even as US President Donald Trump's on-again off-again trade tariffs could reduce global economic growth and demand for the fuel.

Oil prices fall 2% to two-week low as trade war concerns dampen demand outlook

The cost of a plate of nasi lemak — a beloved Malaysian staple — has skyrocketed by 81.3% over the past 13 years, rising from RM2.03 in 2011 to RM3.68 in 2024. This increase significantly exceeds the national inflation rate of 28.7% during the same period, according to the Department of Statistics Malaysia (DOSM).

Nasi lemak price jumps 81% in 13 years, much higher than Malaysia’s inflation rate

MALAYSIA Aviation Group Bhd (MAG), the parent company of national carrier Malaysia Airlines Bhd, will distribute up to 2½ months’ salary in bonuses to employees after posting its second consecutive annual profit, says group managing director Datuk Captain Izham Ismail.

The airline group...

Malaysia Airlines staff to receive up to 2½ months’ bonus on second straight annual profit

Fraser &amp; Neave Holdings Bhd (KL:F&amp;N) expects its dairy farming venture to break even within three to five years.

F&N optimistic dairy farm venture will break even in three to five years

HHRG Bhd (KL:HHRG), formerly known as Heng Huat Resources Group Bhd, said that the company has issued a show cause letter to its CEO Fong Chee Khuen.

HHRG issues show cause letter to CEO, extends suspension

Eco-Shop Marketing Bhd said on Tuesday there is no urgent need to raise prices at its chain of discount stores after the increase earlier this month.

Eco-Shop says no urgent need to raise prices after latest round, sees strong demand ahead

Mudajaya Group Bhd (KL:MUDAJYA) confirmed on Tuesday that its Indian unit and independent power producer, RKM Powergen Ltd, was raided by local authorities in early February this year over an alleged fraudulent acquisition.

Mudajaya confirms Indian unit raided by local authorities over alleged fraudulent acquisition

Concerns over Pharmaniaga Bhd's (KL:PHARMA) financial sustainability have been raised for the third straight year, with independent auditor Ernst &amp; Young PLT (EY) identifying a material uncertainty in the group's FY2024 financial statements that raised doubts about its ability to continue as a going concern.

Pharmaniaga's auditor flags going concern uncertainty for third straight year

KUALA LUMPUR (April 29): The Ministry of Investment, Trade and Industry (Miti) has appointed its deputy secretary general (trade) Mastura Ahmad Mustafa, one of its most experienced senior civil servants, as Malaysia’s chief negotiator for the upcoming formal tariff negotiations with the United States.

Miti deputy sec-gen appointed chief negotiator for US tariff talks

KUALA LUMPUR (April 29): IHH Healthcare Bhd (KL:IHH) on Tuesday secured its first sustainability-linked loan worth S$300 million (approximately RM993.16 million) from Singapore-based United Overseas Bank (UOB).

IHH Healthcare secures S$300 mil sustainability loan from UOB

As Chinese President Xi Jinping toured Southeast Asia this month to forge closer ties against higher US tariffs, the People's Bank of China was seizing a moment of confusion and disruption in global trade to promote greater usage of the yuan.

China ramps up global yuan push, seizing on retreating dollar

US President Donald Trump's administration has so far withheld at least US$436.87 billion (RM1.9 trillion) of congressionally approved funding, the top Democrats on the US Congress' appropriation committees said on Tuesday.

Trump administration withholding US$436.87b in approved spending, top Democrats say

A former director of 1Malaysia Development Bhd (1MDB) testified on Tuesday that the state fund's board had relied on signed-off audits from audit firms KPMG and Deloitte, which assured them that 1MDB’s investments were legitimate despite news reports from The Edge and others stating that US$700 million from the fund had been siphoned into a company owned by fugitive Low Taek Jho (Jho Low).

Sime Darby Property Bhd has raised RM800 million in its third sukuk (Islamic bond) sale under a RM4.5 billion programme at a record-low cost.

Sime Darby Property raises RM800m from sukuk at record-low cost

Cypark Resources Bhd (KL:CYPARK) said Chung Dao has re-emerged as a substantial shareholder in the renewable energy company with a 5.85% stake.

Chung Dao re-emerges as substantial shareholder in Cypark Resources

Digital services provider MyEG Services Bhd (KL:MYEG) announced on Tuesday the launch of the Malaysia Blockchain Infrastructure (MBI), a national platform developed in collaboration with MIMOS Technology Solutions Sdn Bhd, that aims to foster blockchain innovation and streamline the integration of digital assets across various industries in Malaysia.

MyEG and MIMOS launch blockchain infrastructure to boost Malaysia's digital economy

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.

FBM KLCI down 0.40% to 1,515.56 on April 29, 2025

A brief recap of some business news and corporate announcements that made the headlines on Tuesday.

KUALA LUMPUR (April 29): Maxis Bhd (KL:MAXIS) is planning to expand its Maxis Home Solar solution to households across Peninsular Malaysia, following positive feedback from early adopters in the Klang Valley.

Maxis expands home solar solution across Peninsular Malaysia

KLCCP Stapled Group (KL:KLCC), which is controlled by national oil and gas company Petroliam Nasional Bhd (Petronas), said on Tuesday that it will be more selective in acquiring new assets amid weak global market sentiment stemming from the US tariff policy.

KLCCP Stapled Group to be selective in new asset acquisitions amid market uncertainty

Malaysia has claimed the top spot globally in the Open Data Inventory (ODIN) 2024/25 rankings after achieving an overall score of 90, marking a significant leap from 67th place two years ago, according to the Department of Statistics Malaysia (DOSM).

Malaysia

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