Singapore introduced fresh measures to tame housing prices, raising the stamp duty for those who sell their private homes within four years.

The changes take effect for all private residential properties purchased from Friday, according to a joint statement from the Ministry of National Development, Ministry of Finance and Monetary Authority of Singapore late on Thursday.

Singapore tightens property measures to cool housing market

Two days after stepping down from her distinguished six-year tenure as Malaysia's chief justice, Tun Tengku Maimun Tuan Mat delivered a pointed message to the government: the eyes of the people, and hers, will remain fixed on the future of the country's judicial independence.

The people and I will be watching, Tengku Maimun says on the future of judiciary's independence

Prime Minister Datuk Seri Anwar Ibrahim was accorded a guard of honour upon his arrival at Chigi Palace, the official residence of his Italian counterpart Giorgia Meloni, on Thursday.

Anwar holds talks with Italian PM Meloni to boost bilateral ties

KUALA LUMPUR (July 3): A group of 50 Malaysian Armed Forces (MAF) veterans has filed an application for leave to appeal to the Federal Court, seeking to challenge a Court of Appeal decision from last month regarding their pension adjustments.

Army veterans seek leave to appeal at Federal Court on pension adjustments

In holding Public Bank Bhd (KL:PBBANK) liable for sensitive customer information leak, the Federal Court affirmed that the duty to maintain secrecy extends directly to the bank, rather than just its officers or staff.

Federal Court affirms Public Bank directly liable in NFCorp case

PUTRAJAYA (July 3): Chief Judge of Malaya (CJM) Tan Sri Hasnah Mohamed Hashim will assume the responsibility and task as chief justice (CJ) until the post has been filled.

Hasnah to assume duties of chief justice until new appointment — Federal Court

Peninsular Malaysia’s electricity tariffs will see no fuel surcharge or rebate in relation to fuel cost adjustments for July.

Under the fourth regulatory period (RP4), the fuel cost adjustment is to be done on a monthly basis through the automatic fuel adjustment (AFA) mechanism, versus the prior every six months under the imbalance cost pass-through (ICPT) mechanism.

No fuel surcharge, rebate for electricity bills this month as automatic adjustment mechanism kicks in

Prime Minister Datuk Seri Anwar Ibrahim met top executives from three leading Italian companies on Wednesday on the second day of his working visit to Italy, stressing that Malaysia remains a stable, progressive and trusted investment destination.

In a statement, Anwar said he led the Malaysian delegation in direct engagement sessions with key business and industry leaders in Italy involved in strategic sectors such as defence and energy.

Anwar meets Italian industrial giants on Rome visit

The Ministry of Energy Transition and Water Transformation (Petra) is improving access to certified green power by making its Green Electricity Tariff (GET) simpler and cheaper, with a single pricing system and an 80% price cut starting July 1, 2025.

Govt slashes green electricity price by 80%, introduces single-pricing system

Attorney General Tan Sri Mohd Dusuki Mokhtar has said that former prime minister Datuk Seri Najib Razak or his son Datuk Mohd Nizar Najib should have produced the purported royal addendum that allegedly allows Najib to serve the remainder of his jail sentence under house arrest during High Court proceedings.

Najib or his son Nizar should have produced said addendum copy earlier at High Court, says AG

A five-member Federal Court bench on Wednesday ruled that the Court of Appeal was wrong to rule that Tenaga Nasional Bhd (KL:TENAGA) is in the business of manufacturing electricity when it should actually have been considered a utility company under Schedule 7B of the Income Tax Act 1967 (ITA).

Apex court rules TNB's power business falls under utility, so it can't claim manufacturing tax breaks

Johor Corporation said it will advance strategic sectors such as agribusiness and healthcare this year after the state investment firm reported a 19% increase in pre-tax profit in 2023.

Johor Corp says will advance strategic agribusiness, healthcare business this year

A group of five individuals, including two sisters with one of them carrying the title of Datuk, pleaded not guilty at the Sessions Court here on Tuesday to multiple charges linked to an alleged XFOX Ponzi scheme.

Datuk among five charged over XFOX Ponzi scheme

In her last day in office, Chief Justice Tun Tengku Maimun Tuan Mat said that the six-month extension of her tenure, which was not granted to her, is not as “significant” as her six-year tenure, where she was “able to restore public confidence in the judiciary”.

Tengku Maimun: Six-month extension not as significant as my six-year tenure, where public confidence in judiciary is restored to an extent 

(July 3): Shares of Synopsys and Cadence Design Systems jumped on Thursday after the U.S. lifted export curbs on chip design software to China, easing uncertainty around access to the crucial market.

The restrictions, announced in late May, had essentially cut off the mar...

Chip design software firms climb as US lifts curbs on China exports

HONG KONG (July 3): Hong Kong's retailers are battling against shifting consumer habits, as visitors spend less and locals head across the border to China for cheaper dining and shopping, leading to a wave of store closures.

A 36-year-old Chinese seafood restaurant chain and a popular h...

Hong Kong retailers under strain as changing trends drive store closures

(July 3): Parcel giant UPS said on Thursday it will offer voluntary buyouts to its full-time U.S. drivers as part of the largest network reconfiguration in its history — a sweeping overhaul that includes cutting 20,000 jobs and closing 73 facilities.

The Atlanta-based company had i...

UPS to offers voluntary buyout packages to its US drivers

WASHINGTON (July 3): U.S. job growth was unexpectedly solid in June, but nearly half of the increase in nonfarm payrolls came from the government sector, with private sector gains slowing considerably as industries like manufacturing and retail grappled with the Trump administration's aggressive ...

Solid US job growth masks weakness underneath

FRANKFURT (July 3): German state-owned utility Uniper on Thursday said it was planning to cut 400 jobs, or around 5% of its staff, citing a challenging energy market environment that includes falling wholesale power prices.

Citing "challenging market developments and regulatory delays",...

Uniper to cut 400 jobs over 'challenging' market environment

The Ministry of National Unity will organise the Nation-Building Conference this October in an effort to further strengthen unity among Malaysians.

National Unity ministry to host nation-building conference, chart new direction

Ever since BRICS was founded more than a decade ago, the group of emerging-market nations has struggled to identify a common purpose. US President Donald Trump’s tariffs may have solved that problem.

BRICS aspires to occupy global ground vacated by US under Trump

Support for student, educator, researcher and youth mobility programmes within Asean countries as well as between Asean and Europe needs to be strengthened in an effort to bring countries closer and connect the region.

Need to strengthen mobility programmes between Asean and European countries

Major General Mikhail Gudkov, deputy head of the Russian Navy who was praised and promoted by President Vladimir Putin, has been killed in action, depriving Moscow of one of its most senior officers, the Russian military said on Thursday.

Russian Navy deputy commander lauded by Putin is killed by Ukraine, says Moscow

Kim Hin Industry Bhd (KL:KIMHIN) said trading in the loss-making company's shares will be suspended on Friday, pending an announcement.

Kim Hin announces trading suspension pending announcement

Econpile Holdings Bhd (KL:ECONBHD) has secured two contracts worth RM57.94 million for construction services as well as material supply and delivery for a proposed development in Ara Damansara, Selangor.

Econpile wins RM58 mil construction and material supply contracts for a project in Ara Damansara

US President Donald Trump’s two-tiered&nbsp;trade deal&nbsp;with Vietnam aims squarely at practices China has long used to skirt US tariffs: The widespread legal shifting of production to Southeast Asian factories and the murkier and illegal “origin washing” of exports through their ports.&nbsp;

Trump aims to shut trade loopholes China uses to evade tariffs

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

FGV, Dialog, Kelington, Perdana Petroleum, TIME dotCom, Zen Tech, Econpile, LB Aluminium, Theta Edge, Kim Hin

Oil and gas services provider Dialog Group Bhd (KL:DIALOG) said it has signed a memorandum of understanding (MOU) with Petroliam Nasional Bhd (Petronas) aimed at expediting gas production at the Mutiara Cluster, located offshore Sabah.

Dialog inks MOU with Petronas to fast-track Mutiara Cluster gas production

The S&amp;P 500 and the Nasdaq touched fresh record highs on Thursday after a stronger-than-expected jobs report pointed to a resilient labour market amid concerns about US President Donald Trump's tariff policies potentially weighing on the economy.

S&P 500, Nasdaq hit new record highs after strong labour data

Information technology company Zen Tech International Bhd (KL:ZENTECH) said it is seeking to acquire a 30% stake in shariah-compliant payment gateway provider Souqa Fintech Sdn Bhd.

Zen Tech eyes stake in Islamic payment gateway provider previously sought by HeiTech Padu

Economic slowdown inevitable — US-world diverge in inflation, interest rates and equity valuations


PT Garuda Indonesia is in talks to buy scores of Boeing Co aircraft as the distressed flag carrier seeks to expand its international network, its chief executive officer said.

Garuda says it’s in talks to buy as many as 75 Boeing aircraft

Prime Minister Datuk Seri Anwar Ibrahim was accorded a guard of honour upon his arrival at Chigi Palace, the official residence of his Italian counterpart Giorgia Meloni, on Thursday.

Crest Builder Holdings Bhd (KL:CRESBLD) on Thursday announced the passing of its non-executive chairman Tengku Datuk Sulaiman Shah Tengku Abdul Jalil Shah, who had served on the group’s board since 2003.

Crest Builder chairman Tengku Sulaiman Shah dies

Nvidia hit a market value of US$3.92 trillion (RM16.55 trillion) on Thursday, on track to become the most valuable company in history, as Wall Street doubled down on optimism about AI.

Nvidia set to become world's most valuable company in history

The closing date for acceptance of the voluntary takeover offer by FGV Holdings Bhd's (KL:FGV) majority shareholders for the shares that are not already owned by the offeror has been extended to Aug 15 from July 7.

This will be the final closing date of the offer, said Maybank Investment Bank Bhd in a notice issued on Thursday on behalf of the offeror, the Federal Land Development Authority (Felda).

Felda extends FGV takeover offer deadline to Aug 15

Singapore introduced fresh measures to tame housing prices, raising the stamp duty for those who sell their private homes within four years.

The changes take effect for all private residential properties purchased from Friday, according to a joint statement from the Ministry of National Development, Ministry of Finance and Monetary Authority of Singapore late on Thursday.&nbsp;

Theta Edge Bhd (KL:THETA) has proposed to raise up to RM19.58 million through a private placement of up to 23.59 million new shares, representing 20% of its enlarged share capital. The funds will be used primarily to finance operational expenses for ongoing projects, support future investments, and meet general working capital needs.

Theta Edge plans RM19.58 mil private placement to fund operations and expansion

LB Aluminium Bhd (KL:LBALUM) said it is acquiring a 6.74-acre leasehold industrial land together with buildings in Banting, Selangor, for RM22 million.

LB Aluminium acquires industrial land in Banting

Perdana Petroleum Bhd (KL:PERDANA) has secured a three-year charter contract through its subsidiary to provide offshore support vessel services to PTTEP Sabah Oil Ltd.

Perdana Petroleum said its wholly-owned unit, Perdana Nautika Sdn Bhd (PNSB), accepted the work order on Nov 27, 2024. The company only announced the contract on Thursday (July 3) after obtaining PTTEP Sabah’s approval to release the information.

Perdana Petroleum bags three-year vessel charter contract from Thai-owned PTTEP Sabah 

Kelington Group Bhd (KL:KGB), a leading provider of ultra-high purity&nbsp;gas delivery solutions for the electronics and semiconductor industry, has announced a collaboration with Petronas to explore carbon emissions management solutions.

Kelington, Petronas partner on carbon emissions management study

The Malaysian Anti-Corruption Commission (MACC) has called 61 witnesses so far to assist in the investigation into the Maju Expressway (MEX II) extension project.

MACC chief commissioner Tan Sri Azam Baki confirmed the matter and said all the witnesses in question had been called recently.

Mex II Highway investigation: 61 witnesses called, says Azam Baki

Vietnam’s trade deal with the US is a wake-up call for Asian governments grappling with the reality that higher tariffs are here to stay.

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