<div class=newsTextDataWrapInner>Flash: MHB 1Q net profit up 4% to RM36.03m on higher revenue</div>
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Flash: MHB 1Q net profit up 4% to RM36.03m on higher revenue
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MHB 1Q net profit up 4% to RM36.03m on higher revenue

Samsung Electronics said on Wednesday it is looking at major deals to drive growth as it faced tough questions from shareholders after its failure to ride an artificial intelligence (AI) boom made it one of the worst-performing tech stocks last year.

Samsung CEO says company will pursue deals as it struggles for growth

An Indonesian state-owned lender scrapped a planned sale of dollar bonds after a stock market rout in the country quickly spread to other asset classes.

Indonesia's woes spread as bank scraps bond, credit market slumps

Perodua has signed a memorandum of understanding (MOU) with My Digital ID Sdn Bhd (MyDigital ID) to secure user authentication access, as the compact car company further advance its journey in cashless transactions.

Perodua inks MOU with MyDigital ID to secure user authentication access

India is about to join the worldwide wave of steel protectionism, outlining plans for sweeping trade tariffs just a week after President Donald Trump slapped duties on all US imports.

The global steel market is facing upheaval as multiple nations put up defences to fight a flood of metal, particularly from billion-tonne producer China.

India planning tariffs of 12% on steel imports

The Bank of Japan (BOJ) kept interest rates steady on Wednesday in a widely expected move, as policymakers chose to spend more time gauging how prospects of higher US tariffs would affect the export-reliant economy.

BOJ keeps interest rates steady as Trump risk looms

An elderly man who went viral for slapping a non-Muslim youth in an incident at a convenience store on Sunday was granted a discharge not amounting to acquittal (DNAA) by the Magistrate’s Court in Johor Bahru on Wednesday from the charge of voluntarily causing hurt.

Elderly man granted DNAA, case of slapping non-Muslim youth referred to AGC

Versa Asia Sdn Bhd (Versa), a financial technology start-up with about 300,000 registered users, has completed its series A funding round led by AHAM Asset Management Bhd (AHAM Capital).

AHAM Capital makes one of its largest investments in Versa’s RM30 mil series A funding round

Malaysia suffered damages totalling RM933.4 million from floods in 2024, a 23% increase from the previous year, according to the Department of Statistics Malaysia (DOSM).

Malaysia suffers RM933 mil damages from 2024 floods, DOSM survey shows

theedgemalaysia.com highlighted four stocks with negative momentum at Bursa Malaysia's noon break on Wednesday.

Stocks with momentum on March 19, 2025: Sapura Energy, Mentiga Corp, Salcon, Poh Kong

SARAWAK-based PMG Healthcare Sdn Bhd, the largest primary integrated healthcare provider in East Malaysia, is looking to expand its footprint in Peninsular Malaysia as heightened competition weeds out the weaker players.

The healthcare group, which recently entered into a strategic part...

PMG Healthcare eyes acquisitions as retail pharmas consolidate amid heightened competition

The Court of Appeal (COA) on Wednesday upheld the Kuala Lumpur High Court's decision that quashed the proposed fine of RM86.77 million imposed by the Malaysia Competition Commission (MyCC) on Grab Holdings Inc, together with its subsidiaries GrabCar Sdn Bhd and MyTeksi Sdn Bhd, in 2019.

Appellate court upholds quashing of proposed RM86.77 mil fine against Grab, two others

Malaysian shares fell on Wednesday as investors returned from holiday with caution following overnight losses on Wall Street and sharp declines in neighbouring markets.

The country’s benchmark equity index FBM KLCI fell as much as 15.6 points or 1% to 1,512.21 after three consecutive sessions of gain.

Malaysian shares dip as investors return from holiday with caution

Affin Bank Bhd has signed an agreement with Halogen Capital to distribute the Halogen Shariah Defensive Bitcoin Fund, a digital asset fund with an integrated capital preservation strategy, to investors.

Halogen Capital is a digital asset fund manager licensed by the Securities Commission Malaysia.

Affin Bank to distribute Bitcoin fund managed by Halogen Capital  

US President Donald Trump released material related to the 1963 assassination of President John F Kennedy on Tuesday, seeking to honor his campaign promise to provide more transparency about the shock event in Texas.

Trump releases JFK assassination documents

Siemens will cut 5,600 jobs at its Digital Industries business, the engineering company said on Tuesday, in the latest blow for German industry shaken by weak demand at home and abroad.

Siemens to cut 8% of jobs at struggling factory automation business

The Association of Private Healthcare Malaysia (APHM) has rejected the insurance and takaful operators’ (ITOs) proposal for private hospitals to freeze costs for three years and also for the Health Ministry to regulate the pricing of pharmaceuticals or medication. 
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Private hospitals association reject calls for three-year costs freeze, regulation of pharmaceutical pricing

Corporate figure Tan Sri Mohamad Salim Fateh Din has been appointed as the new chairman of the Malaysian Anti-Corruption Commission (MACC) Anti-Corruption Advisory Board (ACAB) for the 2025-2028 session effective Feb 2.

Salim Fateh Din appointed MACC Anti-Corruption Advisory Board chairman

Bangkok Airways Pcl is gearing up to order as many as 30 new aircraft as it renews its aging fleet and plans for a tourism boost driven by the popularity of television series the White Lotus.

Bangkok Airways seeks 30 new jets as TV series White Lotus boosts tourism

Heavy selling resumed in Wall Street’s largest technology companies, with American shares snapping a two-day rebound amid signs investors are paring exposure in US risk assets. European stocks gained.

US stocks hit by tech rout on eve of Federal Reserve decision day

Asian stocks were subdued on Wednesday and gold hovered near record highs as economic worries and a shifting geopolitical landscape kept risk appetite in check, while the yen was a tad softer ahead of the Bank of Japan's (BOJ) policy decision.

Asian stocks muted, yen softer ahead of BOJ decision

Morgan Stanley is planning to cut about 2,000 employees later this month in the first major workforce reduction under chief executive officer Ted Pick.

Morgan Stanley plans about 2,000 job cuts to cut costs — Bloomberg

Solarvest Holdings Bhd’s (KL:SLVEST) stock edged up on Wednesday, bucking broader market decline, as investors cheer its biggest job win to-date and analysts see more contract flows in coming months.

Solarvest bucks broader market decline as analysts, investors cheer contract win

Bain Capital-owned data centre operator Bridge Data Centres has obtained a US$2.8 billion (RM12.43 billion) loan for its operations in Malaysia, according to people familiar with the matter, marking the its largest bank financing deal ever.

Bain Capital-owned Bridge Data gets record US$2.8 bil loan 

Indonesia's GoTo Gojek on Wednesday reiterated that there was no agreement with any party about a potential transaction after a media report emerged that Singapore-headquartered Grab was moving forward to buy it.

GoTo reiterates no deal in place with any party as it addresses Grab buyout rumours

Gold rose to hit a record high on Wednesday, as Middle East tensions and trade uncertainties lifted the bullion's appeal, while traders awaited the Federal Reserve's (Fed) decision later in the day.

Gold hits record high on safe-haven demand; Fed decision in focus

Kuala Lumpur Kepong Bhd’s (KL:KLK) stock may have more upside ahead, with the palm oil producer on track for a 40% surge in net profit this financial year, said RHB Investment Bank.

KLK to see jump in earnings with higher output, lower costs — RHB

It wasn’t supposed to unfold this way. Just over a year ago, optimism about Indonesia was running high, with investors expecting Prabowo Subianto to extend former president Joko Widodo’s pro-business policies.

Indonesia’s wild stock moves spark fresh investability concerns

HE Group Bhd’s (KL:HEGROUP) earnings could decline this year amid delays in contracts roll out, Phillip Capital warned on Wednesday and cut its target price by 48%.

Contracts delays could snag on HE Group’s earnings, Phillip Capital slashes target price by 48%

Indonesia’s central bank may hold its key interest rate unchanged to support the rupiah, opting for stability after the nation’s veteran finance minister was forced to deny resignation rumors that sent stocks tumbling.

Indonesia may hold rate as stocks, trade turmoil threaten rupiah

Jensen Huang, Nvidia Corp’s chief executive officer, used his annual developer conference to address concerns that the cost of artificial intelligence computing is spiralling out of control.