The Court of Appeal has fixed May 22 to hear Kinabatangan Member of Parliament Datuk Seri Bung Moktar Radin and his wife Datin Seri Zizie Izette Abdul Samad’s application to obtain leave to review a ruling requiring them to enter their defence on three corruption charges involving RM2.8 million.

Court of Appeal sets May 22 to hear Bung Moktar, wife's graft review bid

Magma Group Bhd (KL:MAGMA), formerly known as Impiana Hotels Bhd, announced that its proposed acquisition of five parcels of land in Tioman Island for the development of a RM40 million resort has lapsed, following the expiry of conditions precedent set out in the sale and purchase agreements (SPAs).

Magma’s land buy for a Tioman resort lapses after four years, citing unmet conditions

A police inspector told the High Court on Friday that if Muhammad Yusoff Rawther was having problems with the car locks, the car should have been parked inside the condominium’s parking area and not outside the condo’s premises.

Yusoff Rawther should have parked car inside condo if having issues with locks, says IO, but cross-examination answers seem to favour the defence

A full report on the devastating gas pipeline fire incident in Putra Heights, Subang Jaya, on April 1 is expected to be ready by mid-May, said Selangor Menteri Besar Datuk Seri Amirudin Shari.

Putra Heights fire: Full report expected to be ready by mid-May, says Amirudin

US wholesale prices unexpectedly fell in March by the most since October 2023, restrained by energy costs and adding to evidence of tame inflation leading up to a wave of tariffs.

US producer prices unexpectedly fall, dragged down by energy

Federal Reserve Bank of Minneapolis president Neel Kashkari said he’s not seeing stresses in the Treasury market that would merit an intervention by the US central bank.

US Fed’s Kashkari not seeing dislocation that merits intervention

BlackRock Inc pulled in a less-than-expected US$83 billion (RM367.13 billion) of client money to its investment funds in the first quarter, which ended just days before US President Donald Trump unleashed tariffs that stoked extreme volatility across stock and bond markets rivalling the 2008 financial crisis.

BlackRock took in less money than expected in tariff run-up

A weekly round-up of tanker and dry bulk market (April 11, 2025)

Baltic Exchange shipping updates: April 11, 2025

Indonesia's US$48 billion (RM212.26 billion) social security fund BPJS Ketenagakerjaan, the country's largest institutional investor, aims to raise the share of local equities in its portfolio to up to 20% within three years, a top official told Reuters on Friday.

Indonesia's US$48b social security fund eyes doubling equities exposure

Morgan Stanley beat first-quarter profit estimates on record equity trading and strong wealth management results, sending its shares up 1.9% before the bell on Friday.

Morgan Stanley profit beats as record stock trading buoys Wall Street unit

Large US companies filed for bankruptcy at the fastest rate in 15 years through the first three months of 2025, S&amp;P Global Market Intelligence said Thursday.

Big US companies went bankrupt at fastest pace since 2010, S&P says

KUALA LUMPUR (April 11): Foreign investors bought more Malaysian shares than they sold for the first time after consecutive outflows in nearly two months, latest data from the stock exchange showed.

Foreign inflow returns to Bursa after nearly two months of outflow

For US President Donald Trump, there would be few bigger victories than having a domestically produced version of the iPhone, one of the most popular tech products in history. Such a prize would validate his tariff plan and campaign promise to bring manufacturing jobs back to America.

Why Trump’s dream of made-in-the-USA iPhones isn’t going to happen

The US dollar has emerged as the latest victim of this week’s market turmoil as a worsening global trade war threatens to derail US economic growth.

US dollar emerges as latest victim of this week’s markets mayhem

China has hit back at the US after Donald Trump’s dramatic reversal on tariff threats isolated Beijing as the primary target of his trade offensive, dimming the prospect of immediate de-escalation.

China escalates trade war as Trump isolates Xi in tariff U-turn

Malaysia’s industrial production growth decelerated sharply in February as contraction in mining output and electricity generation offset gains in manufacturing activity, official data Friday showed.

Malaysia's factory output decelerates sharply in February, official data show

China retaliated against Donald Trump’s latest tariffs by hiking duties on all US goods, while calling the administration’s actions a “joke” and saying it no longer considers them worth matching.

China raises tariffs on US to 125%, says won’t go higher

KUALA LUMPUR (April 11): The Royal Malaysian Police (PDRM) has seized and frozen assets valued at more than RM3.17 billion connected to a large-scale Ponzi scheme associated with the defunct MBI group. This follows a series of cross-border raids conducted last month under an operation codenamed “Op Northern Star”.

Police seize over RM3.17b in assets, arrest eight linked to MBI Ponzi scheme

Digital services provider MyEG Services Bhd (KL:MYEG) is working with China’s Guangxi state-owned enterprise to develop a national artificial intelligence (AI) model — a foundation for various AI applications in the country.

MyEG and China’s Guangxi to work together to build Malaysian AI model

KUALA LUMPUR (April 11): Malacca Securities Sdn Bhd has launched Malaysia’s first-ever US initial public offering (IPO) subscription service for retail investors through its trading platform M+Global.

Malacca Securities’ M+Global launches Malaysia’s first-ever US IPO subscription service, kicks off with Chagee

Flash floods hit several districts in Selangor following continuous heavy rain since early Friday morning.

Several districts in Selangor hit by flash flood

BEIJING/HANOI (April 11): Chinese President Xi Jinping begins a three-nation tour of Southeast Asia next week, his first overseas trip this year, aiming to consolidate ties with some of China's closest neighbours as trade tension escalates with the United States.

China's Xi to visit Southeast Asia as trade conflict with US widens

Alibaba co-founder Jack Ma, a longstanding advocate for artificial intelligence (AI), warned that AI shouldn’t replace humans but work instead to meet their every need.

Alibaba’s Jack Ma wants AI to serve, not lord over, humans

BENGALURU/HONG KONG (April 11): Chinese property developer&nbsp;Country&nbsp;Garden said on Friday that it had reached an agreement with a key bondholder group, and was close to finalising negotiations with a group of bank creditors.

Country Garden secures key bondholder group support for offshore debt overhaul

A senior leader of Malaysia’s Islamist party said he was under state surveillance and his phone was tapped after he was flagged for travel control in the country’s border systems, a claim which the government downplayed.

After Terengganu MB’s surveillance claim, Anwar says flagged under travel control order too

Even as China’s tech stocks begin to recoup some of their recent big losses, some investors and analysts are eyeing looming concerns that may have a worse impact than Donald Trump’s tariffs.

China tech faces worry beyond tariffs after US$350b wipeout

The government is considering reviewing the National Higher Education Fund Corporation (PTPTN) loan rates and repayment terms to better assist borrowers while addressing the issue of high outstanding debts.

Govt mulls reviewing PTPTN loan rates, repayment terms — Anwar

kUALA LUMPUR (April 11): Local crude palm oil (CPO) prices are unlikely to benefit from the fall of US soybeans, which will be significantly impacted by the trade war between US and China, according to analysts.

Malaysian CPO prices unlikely to benefit from US soybean’s fall amid US-China trade war — analysts

Alphabet's Google laid off hundreds of employees in its platforms and devices unit, The Information reported on Friday, citing a person with direct knowledge of the situation.

Google lays off hundreds of employees in Android, Pixel teams — report

Geotechnical services provider Fibromat (M) Bhd on Friday launched the prospectus for its initial public offering (IPO) on the ACE Market, pricing the IPO at 55 sen a share to raise RM17.8 million.