<div class=newsTextDataWrapInner>Flash: MoF SPV will acquire RM19.9b TH assets in exchange for RM10b sukuk, RM9.9b RCPS-i</div>
</div><div class=inPageAd id=div-gpt-ad-inpage>

Flash: MoF SPV will acquire RM19.9b TH assets in exchange for RM10b sukuk, RM9.9b RCPS-i
...

MoF SPV will acquire RM19.9b TH assets in exchange for RM10b sukuk, RM9.9b RCPS-i

President Donald Trump said his tariffs may cause “transition problems” but expressed confidence in his plan, after the White House clarified US tariffs on China rose to 145%.

Trump nods at ‘transition problems’ as White House clarifies China tariffs at 145%

Wall Street's main indexes tumbled on Thursday on concerns over the impact of high US tariffs on global economy, with stocks pulling back sharply from the day-ago gains when President Donald Trump moved to pause the levies on some countries.

Sell-off accelerates on Wall Street, traders weigh risks as tariffs on China increased to 145%

Prime Minister Datuk Seri Anwar Ibrahim hosted a courtesy visit from Oracle Corporation, a multinational computer technology company based in the United States on Thursday.

In a Facebook post, Anwar said that the meeting with the delegation, which was led by Oracle’s executive vice-president for Japan and Asia Pacific, Garrett Ilg, discussed the potential of artificial intelligence (AI)-driven services, including those provided by Oracle.

Anwar receives courtesy visit from tech giant Oracle, discusses AI and digital innovation

Amid escalating global trade tensions triggered by US President Donald Trump’s new tariff threats, European Union (EU) officials on Thursday emphasised the importance of forging deeper economic ties with reliable partners such as Malaysia.

EU, Belgium stress need for closer ties with Malaysia amid shifting global trade

Former US Treasury Secretary Janet Yellen said on Thursday that the threat of financial instability prompted by falling prices for US Treasury debt in recent days likely influenced President Donald Trump's decision to reverse course and partially pause his tariff campaign.

Yellen says bond sell-off raised instability threat, influencing Trump tariff U-turn

US President Donald Trump's sudden about-face on sweeping import tariffs did little to soothe companies' worries about the fallout from his trade war and its chaotic implementation: soaring costs, falling orders and snarled supply chains.

In a stunning reversal, the president said on Wednesday he would temporarily lower the hefty tariffs he had just imposed on dozens of countries, though he also hiked duties for China and kept 25% tariffs levied on aluminium, steel and autos in place.

Trump tariff pause leaves CEOs asking: What happens in 90 days?

Federal Reserve governor Michelle Bowman told lawmakers on Thursday that she would overhaul how the US central bank monitors large banks, encourage innovation and pursue "pragmatic" rules for the financial system.

Fed's Bowman vows 'pragmatic' rulemaking as top bank regulator

Sapura Resources Bhd (KL:SAPRES) and its subsidiaries have initiated legal action against its former managing director and director Datuk Shahriman Shamsuddin and three others, alleging breaches of fiduciary, statutory and contractual duties, as well as conspiracy to injure the companies.

Sapura Resources sues ex-MD Datuk Shahriman and others for over RM3 mil in damages

Ukrainian President Volodymyr Zelenskiy accused Russia on Thursday of working systematically in China to recruit fighters for its war in Ukraine, days after announcing Ukrainian forces had captured two Chinese men fighting for Moscow.

China had warned Ukraine on Thursday against making "irresponsible" remarks after Zelenskiy said Ukrainian intelligence had revealed at least 155 Chinese citizens were fighting for Russia.

Zelenskiy accuses Russia of systematically recruiting Chinese fighters

Goldman Sachs on Thursday cut its estimate for automobile sales in the US for this year by nearly one million units, as President Donald Trump's tariffs make it more expensive to buy a vehicle.

While Trump on Wednesday halted reciprocal tariffs on countries, barring China, for 90 days, the announcement did not appear to affect duties on autos, steel and aluminum, leading to concerns around increased costs for the sector.

Goldman cuts US auto sales estimate by nearly one million units due to tariffs

Lip-Bu Tan, the man chosen to lead Intel, the US' largest chip maker, has invested in hundreds of Chinese tech firms, including at least eight with links to the People's Liberation Army, according to a Reuters review of Chinese and US corporate filings.

Intel CEO invested in hundreds of Chinese companies, some with military ties

Umno has filed an originating summons (OS) at the High Court last month seeking a declaration and an order for a 9,723 square metre land to be transferred to the political party. The land, which is now the Seri Pacific Hotel, here, is currently held in trust by four people, including former prime minister Tun Dr Mahathir Mohamad and the late Tun Daim Zainuddin.

Umno wants transfer of Seri Pacific hotel land held under trusteeship of Dr M, Daim, two others

YNH Property Bhd's (KL:YNHPROP) independent review of RM1.1 billion worth of joint ventures (JVs) and turnkey contracts revealed that overlapping directors and shareholdings created an interconnected network, influencing business decisions.

YNH Property's independent review reveals interconnected directors, shareholders in RM1.1b JV deals

The Lumut Maritime Industrial City (LuMIC) is expected to draw RM72 billion investments over 25 years, and&nbsp;infrastructure works are set to begin in 2026, with the first phase of the project targeted to start as early as 2030.

Perak eyes RM72b investments for Lumut Maritime Industrial City

MSM Malaysia Holdings Bhd (KL:MSM) said the group has been sued by a subsidiary of Ranhill Utilities Bhd (KL:RANHILL) over a failed industrial effluent treatment project in Tanjung Langsat, Johor.

MSM sued by Ranhill over termination of effluent treatment plant project in Johor

Citigroup Inc&nbsp;is urging rich clients to stay cautious amid extreme market volatility, even though “peak shock” might have passed, according to the bank’s global wealth head Andy Sieg.

Citi wealth head Sieg says don’t buy the dip amid wild stock swings

HeiTech Padu Bhd (KL:HTPADU) has signed two memoranda of understanding (MOUs) to form strategic partnerships in artificial intelligence (AI) computing power cloud services.

HeiTech Padu inks two MOUs to explore AI computing power cloud services

Here is a brief recap of some notable corporate news on Thursday.

Chin Hin, HeiTech Padu, MyEG, MSM, Ranhill, Toyo Ventures, YNH Property 

Malaysia must brace itself for the US government's announcement of any new tariff&nbsp;that will affect pharmaceutical products.

Malaysia must brace for potential US pharmaceutical tariff, says Dzulkefly

A court registrar on Wednesday clarified that former 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo was never charged in absentia. Rather, she only had an arrest warrant issued against her in December 2018.

1MDB-Tanore: Jasmine Loo not charged, only had arrest warrants against her

Blackstone has said it has closed a €9.8 billion (US$10.8 billion or RM48.2 billion) European property fund, as it bets on signs of recovery for the sector despite deepening market turmoil.

Blackstone gears up for US$11b European property buying spree

Wall Street's main indexes tumbled on Thursday on concerns over the impact of high US tariffs on global economy, with stocks pulling back sharply from the day-ago gains when President Donald Trump moved to pause the levies on some countries.

The defence in Muhammad Yusoff Rawther’s drug trafficking and fake pistols case has produced in the High Court two news articles quoting Bukit Aman Criminal Investigation Department Director Datuk Mohd Shuhaily Mohd Zin alerting (the public) over the existence of a device which can manipulate the remote controls of motor vehicles.

This was produced by Yusoff’s lead counsel Muhammad Rafique Rashid Ali, but was objected to by Deputy Public Prosecutor Mohd Sabri Othman before judge Datuk Muhammad Jamil Hussin, who questioned the relevance of the two publications to the trial.

Yusoff Rawther trial: Defence produces two news articles quoting KL CID director on device which can manipulate vehicle remote controls

Bursa Malaysia staged a strong rebound on Thursday, mirroring the global market rally after US President Donald Trump announced a 90-day pause on reciprocal tariffs, mere hours after they had taken effect.

Tariff pause sparks optimism, domestic plays and RE seen as safe bets

Several Malaysian and Chinese technology firms and academic institutions will collaborate in advancing artificial intelligence (AI), cloud computing, and next-generation digital infrastructure through knowledge and resource sharing.

Malaysia, China strengthen digital ties with MOUs on AI, cloud collaboration

Fugitive businessman Low Taek Jho (Jho Low) had told the late Kee Kok Thiam not to return to Malaysia after the Barisan Nasional government under Datuk Seri Najib Razak's leadership fell in the 2018 general election, the High Court heard on Thursday.

The late Kee Kok Thiam told MACC that Jho Low told him not to return to Malaysia, says investigating officer

US President Donald Trump may have announced a delay in some of his tariff plans, but the first signs of an economically-damaging slowdown in global trade are already emerging as companies around the world hit their own pause button on orders and he continues to escalate his trade war with China.

Trump is already slowing global trade as companies pause orders

It is possible for Apple Inc&nbsp;to move iPhone production to America, but it would almost double the cost of making the device while creating logistical headaches, according to Bank of America (BofA).

Apple’s iPhone cost could rise 90% if it’s made in US, says Bank of America

TSMC, the world's largest contract chipmaker, said on Thursday that first-quarter revenue jumped 42%, slightly ahead of a market consensus, benefiting from the boom in artificial intelligence.

TSMC's first-quarter revenue surges 42%, slightly ahead of forecasts

China said on Thursday it would immediately restrict imports of Hollywood films in retaliation for President Donald Trump's escalation of US tariffs on imported Chinese goods, though analysts say the impact is likely to be minimal.

After three decades during which China annually imported 10 Hollywood movies, its National Film Administration said Trump's increase of tariffs on Chinese imports would further sour domestic demand for US cinema in China after years of decline.