If an exciting race, a packed crowd with A-list bristle, and a surprise winner was the happening event Formula One needed in America, then the Miami Grand Prix delivered in spades. But that’s not all a scorching afternoon in the Florida sunshine achieved; it also added fuel to the “end of empire” feeling about Red Bull’s domination of the sport.

Business of Sports: Bull market correction is a gain for F1

As the local stock market edged higher, investors will be closely monitoring the financial performance of listed firms to justify the ongoing rally with the FBM KLCI reaching a multi-year high of 1,619.45 points last Friday in intra-day trade. The better-than-expected Malaysian economic growth of 4.2% in 1Q2024, which was released last Friday, is expected to help sustain the positive market sentiment.

The Week Ahead: Corporate earnings, trade data and US Fed minutes in focus

The slide in Kuala Lumpur International Airport (KLIA)’s position on the list of the World's Top 100 Airports over the last decade is just a symptom of bigger problems in the management and structure of the airport industry in Malaysia.

A deal to bring the experts in

While the Lao chairmanship of the Association of Southeast Asian Nations (Asean) is still in its early stages, planning is already beginning in Kuala Lumpur for when Malaysia takes over the reins of Asean at the end of this year.

MySay: Malaysia is gearing up to propel Asean forward through enhanced relations with Europe

The Covid-19 pandemic, inflation and wars have alerted governments to the realities of what it takes to tackle massive crises. In extraordinary times, policymakers often rediscover their capacity for bold decision-making. The rapid speed of Covid-19 vaccine development and deployment was a case in point.

The Visible Hand: What mission-driven government means

PHILIP Morris International (PMI), one of the biggest tobacco companies in the world, has been seeing robust demand for its heated tobacco products (HTPs), first launched 10 years ago in Japan, where there has been a significant decline in cigarette sales following the introduction of IQOS — its ...

Philip Morris aims to replicate its Japan success with IQOS in Malaysia

Developing countries have long been told that trade liberalisation would accelerate growth and structural transformation. While opening access to new markets if they have the necessary productive capacities, it can also destroy their modest production capacities, industry and food security, as happened in Sub-Saharan Africa (SSA).

MySay: Trade liberalisation cuts both ways

COME May 11, the Employees Provident Fund’s (EPF) flexible account (or Account 3) will go “live”, giving pre-retirement account holders the liberty to withdraw up to 10% of their balances for any purpose — a scenario that will be closely monitored for its potential impact on consumption.

Cover Story: EPF Account 3 withdrawals expected to have muted impact on consumption

RETAIL sales typically slow in the second quarter of the year as consumers take a breather from spending after the festivities in the first quarter. As such, when retailers say their sales fell short of expectations during the two major festive periods so far this year, it is time to pay attentio...

Cover Story: Retailers fear current weakness in consumer spending

The end of the Muslim month of Ramadan is followed by the Eid celebration, a day of festivities worldwide. It is meant as a show of thanks for all the bounties the Almighty has granted us, that we sometimes fail to acknowledge.

Everyday Matters: Needed immediately: A sense of urgency

THE EY Entrepreneur of the Year (EOY) Malaysia award is back for its 23rd iteration and members of the public and the business community are invited to nominate exemplary entrepreneurs from now until June 30.

Entries can be made across four categories — emerging, technology, woman and m...

EY Entrepreneur of the Year 2024 award open for nominations

The resilience of the US economy amid aggressive monetary policy tightening has caught many observers and economists off guard. This unexpected strength, compounded by the sticky inflation in the US, presents a conundrum for policymakers around the world, who must grapple with the prospects of prolonged elevated interest rates in the US.

ECONtemplation: Resilience of US economy poses monetary policy dilemma for emerging markets in Asia

It was late 1971 and developing nations had been complaining vehemently about how the US dollar’s dominance and appreciation was hurting them. Responding to these complaints, then US treasury secretary John Connally shocked the world when he famously said, “The dollar is our currency, but it’s your problem”.

MySay: Higher-for-longer US interest rates imply lower-for-longer Asian currencies

ARTIFICIAL intelligence (AI) is set to be the next frontier in the fund management industry, with the aim of offering better returns to investors. London-based Arabesque Holdings sees the power of AI continuing to evolve as the financial investment process undergoes radical change.

The ...

Tech: Arabesque empowering fund management with AI

The thing with addiction is that you don’t know when it’s becoming a problem. You don’t really realise you have a problem or are in dire need of help. It’s very rare that people willingly seek support to overcome their addictions,” says Prof Dr Prem Kumar Shanmugam, founder and CEO of Solace Asia, Malaysia’s premier private rehabilitation centre.

Quantum of solace

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), has been focusing on expanding its land bank and has lined up projects to the tune of RM1.7 billion in gross development value for 2024.

Expanding OSK Property’s footprint

(May 19): Liverpool's outgoing manager Juergen Klopp has never been one for social media but he took the plunge on Saturday ahead of his final game in charge, instantly becoming an Instagram hit when he racked up a million followers.

Klopp announced in January that he would leave Liverp...

Klopp earns a million Instagram followers within hours

KHARKIV, Ukraine (May 19): Ukraine said Russian shelling targeted civilians in two cities in the northeastern region of Kharkiv on Saturday while President Volodymyr Zelenskiy reported successes by troops fighting a renewed Russian assault there.

Ukrainian prosecutors said they were inv...

Ukraine says Russian shelling targets civilians in Kharkiv region

(May 19): After guiding Chelsea to the Women's Super League title for the seventh time, Emma Hayes is a woman with just one job.

Hayes can fully concentrate on being coach of the United States Women's National Team after Chelsea's 6-0 win over Manchester United on Saturday. It marked the fifth st...

After one last Chelsea title, Emma Hayes now focused on USWNT

Police have identified the male suspect who attacked the Ulu Tiram police station on Friday and confirmed that he has no links to any terrorist groups.

Inspector-General of Police Tan Sri Razarudin Husain clarified that the initial statement of the suspect being a member of Jemaah Islamiyah (JI) was based on his father's involvement with the terrorist group.

IGP: Suspect in Ulu Tiram police station attack not linked to terrorist group

From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.

Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.

From Tokyo to New York, stock markets are on a record-hitting spree around the world

All the suspects remanded on Saturday following the attack at the Ulu Tiram police station early on Friday morning are local citizens, said Inspector-General of Police Tan Sri Razarudin Husain.

Ulu Tiram attack: Seven suspects remanded are locals, says IGP

The Communist Party of Vietnam has nominated police minister To Lam to be state president, the government said on Saturday.

Vietnam nominates top police official To Lam as state president

Maybank and English Premier League club Manchester United have launched their latest co-branded credit card in Indonesia.

In 2023, Maybank and Manchester United announced the extension of their 13-year partnership into Indonesia — adding a fourth Asean country to their existing co-branded products available to customers in Malaysia, Singapore, and the Philippines.

Maybank, Manchester United launch new co-branded credit card in Indonesia

From New York to London to Tokyo, if there’s one similarity among the world’s equity markets it’s this: record highs.

Of the world’s 20 largest stock markets, 14 have hit all-time highs recently.

Police have identified the male suspect who attacked the Ulu Tiram police station on Friday and confirmed that he has no links to any terrorist groups.

Inspector-General of Police Tan Sri Razarudin Husain clarified that the initial statement of the suspect being a member of Jemaah Islamiyah (JI) was based on his father's involvement with the terrorist group.

(May 19): Liverpool's outgoing manager Juergen Klopp has never been one for social media but he took the plunge on Saturday ahead of his final game in charge, instantly becoming an Instagram hit when he racked up a million followers.

Klopp announced in January that he would leave Liverp...

KHARKIV, Ukraine (May 19): Ukraine said Russian shelling targeted civilians in two cities in the northeastern region of Kharkiv on Saturday while President Volodymyr Zelenskiy reported successes by troops fighting a renewed Russian assault there.

Ukrainian prosecutors said they were inv...

(May 19): After guiding Chelsea to the Women's Super League title for the seventh time, Emma Hayes is a woman with just one job.

Hayes can fully concentrate on being coach of the United States Women's National Team after Chelsea's 6-0 win over Manchester United on Saturday. It marked the fifth st...

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Edge Weekly

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