<div class=newsTextDataWrapInner>Malaysia’s August industrial output up 3% on year</div>
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Malaysia’s August industrial output up 3% on year
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Malaysia’s August industrial output up 3% on year

The manager of an oil tanker on fire near the UK said the vessel spilled jet fuel after it was crashed into by a cargo ship off the country’s east coast.

The crew of the tanker, the Stena Immaculate, has abandoned the vessel after multiple explosions on board, Jacksonville, Florida-based ship manager Crowley said in a statement.

Blazing tanker spills jet fuel after accident off UK coast

All commercial vehicle operators are reminded to ensure the safety of their vehicles and not harm other motorists, Transport Minister Anthony Loke said.

Operators risk being suspended by the Land Public Transport Agency if their vehicles that are involved in accidents fail the Road Transport Department’s (JPJ) audit process, he added.

Loke reminds operators to ensure commercial vehicles are safe for use

The Ministry of National Unity has identified 21 locations throughout the country that has the potential to be developed as unity sites.

Its minister Datuk Aaron Ago Dagang said the development of the unity sites will be implemented through the Social and Physical Space Development Project in the Rukun Tetangga Area (KRT) of Low-Cost Strata Housing.

Ministry has identified 21 locations to be developed as unity sites — Aaron

The tech-heavy Nasdaq led a selloff among Wall Street's main indices on Monday, falling over 3% to a near six-month low, on fears that a tit-for-tat tariff war could spark an economic slowdown.

Nasdaq falls over 3% to six-month low on growth concerns

The Road Transport Department (JPJ) will impose a temporary driving ban on goods vehicles during the Hari Raya Aidilfitri festive period on March 28 and 29, as well as April 5 and 6 to facilitate smoother traffic flow and enhance road safety.

JPJ to enforce driving ban on goods vehicles during Raya period

The business events industry in Penang achieved an estimated economic impact (EEI) of RM1.29 billion last year, marking a 24.8% increase from 2023.

Penang business events industry garners RM1.29 bil in 2024, says Chow

The agricultural sector in Bentong, the western Pahang district known for its agricultural produce like durian and ginger, will be strengthened with several technology-based programmes to improve operational efficiency and further increase crop yields.

Bentong agriculture sector to be strengthened with technology-based programmes

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.

Capital A, TDM, MGB, Lim Seong Hai Capital, JF Technology, Kerjaya Prospek, Pestech, Sapura Resources, Oasis Harvest, Annum

US consumers expect slightly higher inflation in the near term and are growing more pessimistic about their finances, according to a monthly survey from the Federal Reserve Bank of New York.

US consumers’ pessimism grows, long-run inflation outlook stable, survey shows

Cryptocurrency prices extended their slide as escalating tariff war tensions and diminishing prospects of further Federal Reserve rate cuts offset a wave of pro-crypto announcements from President Donald Trump last week.

Bitcoin drops below US$80,000 with escalating tariff war tensions adding anxiety

Capital A Bhd (CAPITALA) CEO Tan Sri Tony Fernandes said Subang Airport should cater for private jets and high-paying travellers, citing economic viability as the reason for moving out of the airport with a three million annual passenger capacity.

Fernandes says Subang airport should be for private jets, high paying travellers

Selling pressure on NationGate Holdings Bhd (KL:NATGATE) intensified on Monday, pulling its share price to a 17-month low, despite the company’s denial of any involvement in an ongoing fraud case in Singapore related to the alleged movement of Nvidia chips. &nbsp;

NationGate loses RM1.62 bil market cap in six trading days as it drops to 17-month low

INCREASINGLY, the stake held by Genting Bhd (KL: Genting) in its subsidiary Genting Singapore Ltd (GenS) appears not to be reflected in the share price of the parent company, a development that is said to have prompted its major shareholder to look at ways to extract better value from its investm...

Can Genting extract more value from GenS?

The Indonesian government took over management of palm oil plantations seized from a corporation facing a graft probe, under an initiative that may be extended to other troubled commodity-production sites.

Indonesia to run palm plantations seized from troubled firm

Petronas, through Malaysia Petroleum Management (MPM), has announced the first oil delivery from the Gumusut-Kakap/Geronggong-Jagus East (GKGJE) Phase 4 offshore project, achieved on Feb 4, 2025.

Petronas announces first oil delivery from Gumusut-Kakap/Geronggong-Jagus East Phase 4 offshore project

ACE Market-bound Lim Seong Hai Capital Bhd (KL:LSH) has signed a 20-year concession agreement to operate and maintain the iconic Kuala Lumpur Tower, after almost a year it first announced the contract win.

Lim Seong Hai Capital secures 20-year concession to operate KL Tower, starts April 1

Mainland Chinese investors bought an unprecedented HK$29.6 billion (US$3.8 billion or RM16.9 billion) worth of Hong Kong stocks on a net basis on Monday.

Mainland Chinese investors buy record amount of Hong Kong stocks

Bursa Malaysia Securities has publicly reprimanded Oasis Harvest Corp Bhd (KL:OASIS) and its adviser, Mercury Securities Sdn Bhd, over the termination of the company's rights issue in 2023.

Bursa Malaysia publicly reprimands Oasis Harvest and adviser Mercury Securities over compliance failures in terminated rights issue

Ihsan Perdana Sdn Bhd (IPSB) managing director Datuk Dr Shamsul Anwar Sulaiman has denied claims by the former general counsel of 1Malaysia Development Bhd (1MDB), Jasmine Loo Ai Swan, that he was ever in a meeting with fugitive businessman Low Taek Jho (Jho Low) and his associates in London, in 2015, to discuss 1MDB’s money, which had been deposited into then-prime minister Datuk Seri Najib Razak’s account.&nbsp;

Najib’s witness denies Jasmine Loo’s testimony, says he never was in a meeting in London with her and Jho Low 

A former Australian prime minster said the Trump administration’s treatment of longtime allies was providing an opportunity for China, in remarks that came shortly before the US president delivered a personal rebuff.

Trump’s chaos is a gift to Xi Jinping, ex-Australian PM says

JF Technology Bhd (KL:JFTECH), the manufacturer of test contacting solutions for global integrated circuit makers, has entered an agreement with Spire Manufacturing Inc to acquire Q3 Probe Pte Ltd for US$1.36 million (RM6 million).

JF Technology in RM6 mil probe card manufacturer acquisition

Sapura Resources Bhd (KL:SAPRES), a property and aviation group, announced that the company has completed an internal investigation into its former managing director Datuk Shahriman Shamsuddin and submitted its findings to Bursa Malaysia and the Companies Commission of Malaysia (SSM).

Sapura Resources alleges conflict of interest against ex-MD Shahriman

The expansion and upgrading works of the Penang International Airport (LTAPP) are progressing steadily, with significant advancements across various work packages, said state&nbsp;Infrastructure, Transport and Digital Committee chairman Zairil Khir Johari.

Penang International Airport expansion progressing smoothly, new terminal to begin operations in 2027 — exco

Elon Musk's social media platform X was down again for thousands of users in the US, according to Downdetector.com.

Social media platform X down again for thousands of users, Downdetector shows

A summary of how key Bursa Malaysia indices and the ringgit performed on Monday:

FBM KLCI down 0.7% to 1,536.46 on March 10, 2025

West River Bhd, an engineering firm, said on Monday that it has signed an underwriting agreement with M&amp;A Securities for its initial public offering (IPO) on the ACE Market.

Engineering firm West River signs up M&A Securities to back ACE Market IPO

Pestech International Bhd (KL:PESTECH) is raising a further RM27.81 million through a restricted issue of shares to its newly emerged controlling shareholder, Dhaya Maju Infrastructure (Asia) Sdn Bhd (DMIA), to fund ongoing projects.

Pestech issues shares to major shareholder Dhaya Maju again to raise RM27.8 mil

Upholstery manufacturer Pecca Group Bhd (KL:PECCA) will provide consultancy services in Malaysia to Chinese automotive technology player Shanghai Launch Automotive Technology Co Ltd under a deal entered into on Monday.

Pecca to provide consultancy services in Malaysia for Chinese automotive technology company

The tech-heavy Nasdaq led a selloff among Wall Street's main indices on Monday, falling over 3% to a near six-month low, on fears that a tit-for-tat tariff war could spark an economic slowdown.

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday.