PRIME Minister Datuk Seri Anwar Ibrahim drew laughter as he related how there are easily 1,000 Malaysians above the age of 100 today, about 100 times more than mere 10 centenarians five decades ago in the 1970s, and the number is likely to keep rising.

“You only know one [centenarian], ...

The State of the Nation: Reforms to prepare for life to 100

The past 14 days have been a whirlwind. After nearly two weeks away from work, slipping back into the groove of writing and meeting weekly deadlines has been, well, harder than explaining to my mum how to restart the computer.

Coffee Break: Beyond avocado and salmon: Let’s talk ayam gepuk and Aunty Fatimah

Sime Darby Property Bhd (KL:SIMEPROP) officially launched SJCC East One, a serviced residence in the SS16 neighbourhood of Subang Jaya, on June 21. The project has a gross development value (GDV) of RM615 million and is part of the 30-acre Subang Jaya City Centre (SJCC) master plan.

“SJ...

Sime Darby Property launches SJCC East One in Subang Jaya

THE Civil Aviation Authority of Malaysia (CAAM) and the Malaysian Aviation Commission (Mavcom) are working towards completing the merger of the two aviation bodies by as early as Aug 1, sources tell The Edge. The cabinet has also given its approval for CAAM to operate as an independent statutory ...

CAAM-Mavcom merger completion date set for Aug 1, say sources

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

KHAZANAH Nasional Bhd is exploring the sale of a majority stake in Sun Life Malaysia, its insurance joint venture with Sun Life Assurance Co of Canada, sources say. “It has asked investment bankers to scout for potential buyers,” one of the sources tells The Edge.

Sovereign wealth fund ...

Khazanah said to be mulling sale of its stake in Sun Life Malaysia

Let’s jump right into the facts. According to a recent paper published by the National Bureau of Economic Research, one of the most influential global think tanks on public policy: 

• Eighty-eight per cent of crypto investors either choose not to or fail to declare tax. This is a m...

Shadow Crypt: Crypto tax evaders can run, but can they hide?

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

WITH nearly 40 years in the filtration industry, Pan Merchant Bhd (KL:PMIBHD) is poised to take its next leap of growth through an initial public offering (IPO) that could raise up to RM63 million.

The group plans to channel the bulk of the proceeds to automating its manufacturing plant...

IPO Watch: Pan Merchant targets new frontiers in filtration after 40 years in industry

Last week, Thailand announced an innovative travel campaign to promote domestic tourism in the low season, amid a steady decline in foreign arrivals to the country.

Frankly Speaking: Will Malaysia stay competitive in the battle for tourists?

DESPITE subdued consumer sentiment that is likely to be exacerbated by the expanded scope of the sales and service tax (SST), which will be implemented on July 1, retail real estate investment trusts (REITs) are expected to continue to hold up as a defensive sector, underpinned by attractive divi...

Retail REITs expected to stay resilient amid SST shift, subdued consumer spending, say analysts 

Valuation remains a contentious issue in equity crowdfunding (ECF). It is a contributing factor to the small number of exits and unsatisfactory investment returns. Regulators and industry players are working together to address this challenge, but the jury is still out on the industry’s future.

Issue: Are ECF deals too expensive?

Two start-up founders, Foong Chee Mun, co-founder of MoneyLion Inc, and Chan Kok Long, co-founder of iPay88 Sdn Bhd, have made an indelible mark on the fintech landscape. Both have managed to build their start-ups from the ground up and subsequently sell their stakes.

Chan co-founded iP...

Cover Story: Looking beyond the exit of successful founders

The new electricity tariff under Regulatory Period 4 (RP4), set to take place from July 1, 2025, to Dec 31, 2027, is said to be a major reform in Malaysia’s energy sector. This updated tariff indeed includes notable changes to the current tariff design which, if executed well, could promote the n...

My Say: What the new electricity tariff means for you and the grid

Prime Minister Datuk Seri Anwar Ibrahim will undertake a series of visits to three countries — Italy, France, and Brazil — beginning July 1.

This series of visits by the prime minister, beginning with a three-day working visit to Italy starting from Tuesday, is part of Malaysia’s ongoing efforts to strengthen bilateral relations and promote economic cooperation at the global level.

Anwar embarks on three-nation visit from Tuesday

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

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

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

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

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

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

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

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

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...

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

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

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

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.

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

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.
...

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.

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