Federal Court Judge Datuk Zabariah Mohd Yusof will assume the powers and responsibilities of the Court of Appeal president following Tan Sri Abang Iskandar Abang Hashim's retirement on Thursday.

Zabariah assumes duties as Court of Appeal president

Tenaga Nasional Bhd (KL:TENAGA) is facing a RM5.05 billion tax bill after the Federal Court ruled that it is not eligible to claim reinvestment allowance (RIA), which is meant for manufacturers.

Tenaga faces RM5.05 bil tax bill after losing reinvestment allowance dispute

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

ISF Group Bhd, which mainly installs piping systems on industrial properties, has filed for an initial public offering (IPO) on the ACE Market seeking funds for expansion.

The family-run company plans to set up and expand operational facilities, including a new head office at its home base in Johor, according to its draft prospectus filed to Bursa Malaysia. Proceeds have also been earmarked to buy machinery and equipment as well as hire dozens of new staff.

Family-run piping company ISF Group files for ACE Market IPO seeking funds for expansion

WASHINGTON (July 3): US President Donald Trump said on Thursday that a phone call earlier in the day with Russian President Vladimir Putin resulted in no progress at all on efforts to end the war in Ukraine, while a Kremlin aide said Putin reiterated that Moscow would keep pushing to solve the conflict's "root causes".

No progress at all, Trump says after phone call with Putin

Asian shares dipped on Friday as concerns ahead of next week’s deadline for higher tariffs outweighed positive sentiment from a record-extending rally in US stocks.

The MSCI Asia-Pacific Index retreated 0.3%, with shares in Hong Kong dropping 1.4%. Trump said his administration may begin sending out letters to trading partners as soon as Friday, setting unilateral tariff rates, ahead of the July 9 deadline for negotiations. The dollar edged lower. There’s no cash trading in Treasuries due to a holiday in the US.

Asian shares decline as Trump renews tariff threat

WASHINGTON (July 3): US President Donald Trump said Washington will start sending letters to countries on Friday, specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals.

Trump eyes simple tariff rates over complex talks, says letters going out Friday

Wall Street rallied on Thursday to record closing highs, as chipmaker Nvidia rose closer to a US$4 trillion (RM16.9 trillion) valuation and a surprisingly strong US jobs report cheered investors, who shrugged off dimming chances for an interest rate cut this month.

S&P 500, Nasdaq close at records on jobs data; Nvidia market cap nears US$4 tril

BENGALURU (July 4): Gold held steady on Friday, poised for a weekly gain as US President Donald Trump's tax-cut and spending bill passed in Congress, raising fiscal concerns, though stronger-than-expected US jobs data capped bullion's gains.

Gold heads for weekly gain on US fiscal concerns after tax-cut bill

BENGALURU (July 3): US Secretary of State Marco Rubio has called off his first visit to Japan and South Korea to focus on the Middle East, Japan's Nikkei newspaper reported on Thursday.

Rubio calls off his Japan and South Korea visit, Nikkei reports

HOUSTON (July 4): Oil prices were little changed on Friday, as a solid job market bolstered the case for the US Federal Reserve keeping interest rates on hold, with investors also awaiting clarity on US President Donald Trump's plans for tariffs on various countries.

Oil prices steady on solid job market, tariff uncertainty

MORNING CALL: 4/7/25

Tenaga Nasional Bhd&nbsp;(KL:TENAGA) is facing a RM5.05 billion tax bill after the Federal Court ruled that it is not eligible to claim reinvestment allowance (RIA), which is meant for manufacturers.

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

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;

Malaysian energy company Petroliam Nasional Bhd, known as Petronas, has signed a new 20-year deal for liquefied natural gas (LNG) supply from Venture Global Inc, marking a significant sales and purchase agreement for the US exporter.

Petronas signs second LNG deal with Venture Global

Asian shares dipped on Friday as concerns ahead of next week’s deadline for higher tariffs outweighed positive sentiment from a record-extending rally in US stocks.

The MSCI Asia-Pacific Index retreated 0.3%, with shares in Hong Kong dropping 1.4%. Trump said his administration may begin&nbsp;sending out letters&nbsp;to trading partners as soon as Friday, setting unilateral tariff rates, ahead of the July 9 deadline for negotiations. The dollar edged lower. There’s no cash trading in Treasuries due to a holiday in the US.

WASHINGTON (July 3): US President Donald&nbsp;Trump&nbsp;said Washington will start sending letters to countries on Friday, specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals.

US President&nbsp;Donald Trump&nbsp;'s&nbsp;tax-cut&nbsp;legislation cleared its final hurdle in the US&nbsp;Congress&nbsp;on Thursday, as the Republican-controlled&nbsp;House of Representatives&nbsp;narrowly approved a massive package that would fund his domestic agenda&nbsp;and&nbsp;push millions of Americans off health insurance.

Republicans muscle Trump's sweeping tax-cut and spending bill through Congress

Shares of Synopsys and Cadence Design Systems jumped on Thursday after the US lifted export curbs on chip design software to China, easing uncertainty around access to the crucial market.

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

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.

Hong Kong retailers under strain as changing trends drive store closures

There are no criminal elements in the investigation into allegations of corruption and misappropriation related to the MyKiosk construction tender by the Ministry of Housing and Local Government (KPKT), said Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki.

KPKT MyKiosk: No criminal elements, MACC focusing on governance issues — Azam Baki

ISF Group Bhd, which mainly installs piping systems on industrial properties, has filed for an initial public offering (IPO) on the ACE Market seeking funds for expansion.

The family-run company plans to set up and expand operational facilities, including a new head office at its home base in Johor, according to its draft prospectus filed to Bursa Malaysia. Proceeds have also been earmarked to buy machinery and equipment as well as hire dozens of new staff.

The&nbsp;BRICS&nbsp;group of developing&nbsp;nations&nbsp;is&nbsp;set to announce a new&nbsp;guarantee&nbsp;fund&nbsp;backed by the New Development Bank (NDB) to lower financing costs and&nbsp;boost&nbsp;investment, two people familiar with the matter told Reuters.

BRICS to launch guarantee fund to boost investment in member nations — Reuters

Bonds fell and the dollar rose as stronger-than-forecast employment growth soothed concern the US economy is poised to slow, stanching speculation the Federal Reserve (Fed) will need to cut interest rates any time soon. Stocks hit fresh all-time highs.

Treasuries get hit as stocks jump on jobs surprise

US job growth was unexpectedly solid in June, but nearly half of the increase in non-farm 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 tariffs on imports.

Solid US job growth masks weakness underneath

China's industry ministry pledged on Thursday to curb disorderly low-price competition in the photovoltaic industry, in an attempt to prop up the sector.

China's industry ministry is set to tackle price war in solar sector

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

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

BENGALURU (July 3): US Secretary of State Marco Rubio has called off his first visit to Japan and South Korea to focus on the Middle East, Japan's Nikkei newspaper reported on Thursday.

Wall Street rallied&nbsp;on Thursday to&nbsp;record&nbsp;closing highs, as chipmaker Nvidia rose closer to a US$4 trillion (RM16.9 trillion) valuation and a surprisingly strong US&nbsp;jobs report cheered investors, who shrugged off dimming chances for an interest rate cut this month.

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.

Highlight

‌
‌

Highlight

‌‌

‌
‌