Peninsular Malaysia’s rooftop solar quota saw mixed take-up as the latest net-energy metering (NEM) mechanism ended on Monday night (June 30), ahead of the start of new, itemised electricity tariff structure implementation beginning July 1.

Rooftop solar take-up slows amid new power tariff uncertainty

CIMB Group Holdings Bhd (KL:CIMB) on Monday announced a commitment of RM200 million over the next five years (2026 to 2030) under its “Kita Bagi Jadi Komuniti” (KBJK) platform to advance customers and society.

CIMB pledges RM200m under ‘Kita Bagi Jadi Komuniti’ to boost financial and digital literacy

Former economy minister Datuk Seri Rafizi Ramli has on Monday raised concerns over the impending retirement of several of Malaysia’s most senior judges, warning that a lack of timely succession planning could affect the independence, continuity and functionality of the Federal Court.

Rafizi warns of judicial crisis, flags ‘double standards’ in top appointments

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

Sapura Energy, Genting Malaysia, Yinson, Gamuda, Theta Edge, LFE Corp, Ni Hsin, HHRG, Shin Yang Group, Marine & General

Police arrested three foreigners and seized hundreds of fake firearms, including Walther P99 pistols, M4 Carbines and Colt AR-15s in a raid on a terrace house in Segambut here on Monday afternoon.

Three foreigners arrested, hundreds of fake firearms seized in Segambut

Sapura Energy Bhd (KL:SAPNRG) has received approval from Bursa Malaysia for its proposed regularisation plan, paving the way for the financially troubled oil and gas contractor to exit Practice Note 17 (PN17) status.

Sapura Energy secures Bursa nod for regularisation plan to exit PN17

The Johor Bahru-Singapore Rapid Transit System (RTS) Link project has achieved 56% physical progress as of June.

RTS Link achieves 56% physical progress, says Onn Hafiz

The Malaysian Communications and Multimedia Commission (MCMC) will meet with TikTok’s management to seek clarification following growing parental concerns over the popular PK Battle or Personal Knockout Battle trend among the app’s young users.

MCMC seeking TikTok clarification on rising parental concerns over PK Battle trend — Fahmi

The Domestic Trade and Cost of Living Ministry (KPDN) will use three approaches to ensure the smooth running of Op Kesan 4.0, in conjunction with the implementation of the sales tax review and expanded scope of the service tax on Tuesday.

SST review: Ministry to use three approaches to ensure Op Kesan 4.0 runs smoothly on Tuesday — Armizan

Offshore support vessel player Marine & General Bhd’s (KL:M&G) fourth quarter net profit eased 2.81% to RM17.61 million following the recognition of deferred tax assets totalling RM17.9 million by the upstream division.

Marine & General's 4Q net profit dips 2.8% despite improved revenue

After nearly 28 months of suspension, Malaysia Airports Holdings Bhd (MAHB) is set to relaunch the fully modernised KLIA Aerotrain service on Tuesday, marking a significant milestone in the country's airport transformation agenda.

Anwar to launch revamped KLIA aerotrain service on Tuesday 

The Ministry of Digital is in the process of preparing a detailed report on the legal requirements related to artificial intelligence (AI) to be tabled in the Dewan Rakyat.

Detailed report on legal requirements for AI being prepared — Gobind

Theta Edge Bhd (KL: THETA) has secured a contract worth RM87.87 million for the construction of fibre optic infrastructure along Petronas Gas Bhd’s pipeline right of way in Terengganu.

Theta Edge secures RM88 mil fibre optics contract

Practice Note 17 (PN17) company Sapura Energy Bhd (KL:SAPNRG) said challenges in its engineering and construction (E&C) project in Angola, coupled with higher operating expenses, have pushed the upstream oil and gas contractor back into the red in its latest quarter.

Sapura Energy slips back into the red on Angola project challenges, higher operating expenses

Oracle Corp said it has signed a single cloud deal worth US$30 billion (RM126.78 billion) in annual revenue — more than the current size of its entire cloud infrastructure business.

Oracle inks cloud deal worth US$30 bil a year

Authorities in Azerbaijan arrested two journalists from the local branch of a Russian state news agency on Monday in a move likely to further stoke tensions with Moscow following arrests in Russia of ethnic Azerbaijanis suspected of serious crimes.

Azerbaijan arrests journalists at Russian state outlet as tensions with Moscow rise

Wall Street brokerages had mixed recommendations on stablecoin issuer Circle Internet Group as they began coverage on Monday, with some analysts expressing concerns about its elevated valuation after the stock more than doubled since its market debut.

Wall Street analysts split on Circle after blockbuster IPO on lofty valuation concerns

Federal Reserve Bank of Atlanta president Raphael Bostic said tariffs may cause an incremental impact on prices instead of a one-time bump, which could result in more persistent upward pressure on inflation.

Fed’s Bostic says tariff pass-through may be slow, persistent

Robinhood said on Monday it has launched tokens that will allow its customers in the European Union to trade more than 200 US stocks and exchange-traded funds, including Nvidia, Apple and Microsoft.

Robinhood launches tokens allowing EU users to trade in US stocks

The chair of Spanish electricity grid operator Redeia defended the company after a massive blackout in April and pledged record investment at a tense shareholder meeting on Monday, where she survived an impromptu vote on her removal.

Spain's power grid rejects blame for blackout, pledges record investment

An uneven recovery may be on the horizon for Malaysian stocks in the next six months, though investors should now begin to buy selectively, says Apex Securities.

Bumpy road ahead for Malaysian stocks, Apex says start buying selectively ahead of recovery

Yinson Holdings Bhd (KL:YINSON) said it would hold off major investments to focus on delivering income and until it sees cash flow from current projects, after reporting another weaker quarter.

Yinson to pause major investments after another weak quarter

MALAYSIA Airports Holdings Bhd (MAHB) has reshuffled its senior leadership team following the airport operator’s recent privatisation by Gateway Development Alliance Sdn Bhd (GDA), according to an internal circular sighted by The Edge. The consortium behind GDA comprises sovereign wealth fund Kha...

MAHB reshuffles leadership team, creates chief airports officer role, internal circular shows

Former economy minister Datuk Seri Rafizi Ramli has on Monday raised concerns over the impending retirement of several of Malaysia’s most senior judges, warning that a lack of timely succession planning could affect the independence, continuity and functionality of the Federal Court.

Authorities have identified unstable soil conditions beneath a Petronas gas pipeline as the cause of the massive blaze that erupted in Putra Heights, Subang Jaya, three months ago, displacing over 400 families.

Putra Heights blaze: Weak soil beneath gas pipeline the root cause, no criminal element found

KUALA LUMPUR (June 30): Shares of Gamuda Bhd (KL:GAMUDA) rose to a two-week high on Monday, as investors remained optimistic on the group’s outlook, despite its recent quarterly results coming in slightly below expectations.

Gamuda shares climb to two-week high on positive outlook despite 3Q earnings miss 

MyEG Services Bhd (KL:MYEG) on Monday announced its name change to Zetrix AI Bhd&nbsp;effective 9am, July 3 (Thursday).

In a filing with Bursa Malaysia, the company said its&nbsp;stock short names would be changed from&nbsp;MyEG to&nbsp;Zetrix.

MyEG changes name to Zetrix AI effective July 3

Genting Malaysia Bhd (KL:GENM) announced that a formal bid has been submitted for a casino licence in New York as part of a US$5.5 billion (RM23.19 billion) resort development in Queens.

Genting Malaysia submits bid for New York casino licence

A former investment banker was on Monday sentenced to two years in prison and fined RM1 million by the Sessions Court for securities fraud offences involving RM201,000, said the Securities Commission Malaysia (SC).

Ex-investment banker gets two-year jail term, fined RM1 mil for securities fraud

Gamuda Bhd (KL:GAMUDA) announced on Monday that it has won a contract to build a wharf and connecting roads for the Kaohsiung Port Intercontinental LNG Terminal project in Taiwan, valued at RM3.72 billion.

Gamuda clinches RM3.7 bil contract to build wharf and roads for Taiwan port

JOHOR BAHRU (June 30): From Tuesday (July 1), Singaporean vehicles entering Malaysia without a valid Vehicle Entry Permit (VEP) will face an immediate RM300 compound, as full enforcement at the Malaysia-Singapore land border kicks in.

Full enforcement of VEP at Johor border begins Tuesday, RM300 fine awaits offenders

KUALA LUMPUR (June 30): Reservoir Link Energy Bhd (KL:RL) said on Monday that its unit has secured a work order from Petronas Carigali Sdn Bhd for the provision of annulus wash and cement assurance (AWCA) services.

Reservoir Link bags Petronas Carigali contract, boosting annual revenue by RM25m over four years

Practice Note 17 (PN17) company Sapura Energy Bhd (KL:SAPNRG) said challenges in its engineering and construction (E&amp;C) project in Angola, coupled with higher operating expenses, have pushed the upstream oil and gas contractor back into the red in its latest quarter.

CUCKOO International (Mal) Bhd (KL:CKI), the Malaysian arm of South Korean home appliance maker Cuckoo Homesys Co Ltd (CKH), is of the view that its expanding product portfolio, supported by a rental-based business model, will help provide earnings visibility in uncertain market conditions.
...

IPO Watch: Cuckoo International banks on rental model, broader offerings to drive growth

UMS Integration Ltd is set to be the first company on the Singapore Exchange (SGX) to be also listed on Bursa Malaysia following the launch of its prospectus on Monday.

Bursa Malaysia set to welcome UMS Integration, first ever dual listing by SGX-listed firm

Enproserve Group Bhd could offer a 25% upside from its listing price as the oil and gas maintenance firm gears up for a major surge in demand for its services, said Kenanga Investment Bank.

Enproserve deserves premium valuations ahead of earnings upcycle, says Kenanga

Ni Hsin Group Bhd (KL:NIHSIN) on Monday signed a heads of agreement (HOA) with the intention to acquire&nbsp;Hy-Fresh Group, one of Malaysia’s largest fully integrated halal-certified poultry businesses.

Ni Hsin to explore acquisition of Hy-Fresh poultry group

The Securities Commission Malaysia (SC) is seeking public feedback on proposed enhancements to the Digital Asset Exchange (DAX) framework, aimed at improving market efficiency, investor protection and regulatory resilience.

SC seeks public input on Digital Asset Exchange rule updates

（吉隆坡30日讯）云顶马来西亚（Genting Malaysia Bhd）（KL:GENM）已竞标纽约赌场执照，这是Queens价值55亿美元（231亿9000万令吉）度假村发展项目的一部分。

云顶大马竞标纽约赌场执照

Sapura Energy Bhd (KL:SAPNRG) has received approval from Bursa Malaysia for its proposed regularisation plan, paving the way for the financially troubled oil and gas contractor to exit Practice Note 17 (PN17) status.

Malaysia

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