<div class=newsTextDataWrapInner>Redtone take-over offer fair and reasonable - independent adviser</div>

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Redtone take-over offer fair and reasonable - independent adviser

 
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Redtone take-over offer fair and reasonable - independent adviser

Elon Musk's xAI and AI chip giant Nvidia will be part of a group to develop infrastructure for artificial intelligence, BlackRock, Microsoft and Abu Dhabi-backed investment company MGX said on Wednesday.

Nvidia, xAI to join Microsoft, BlackRock to develop AI infrastructure

Bank Rakyat has provided financing amounting to RM17.45 billion under its Mega Personal Financing-i campaign, exceeding its initial RM14.04 billion target, said deputy chief executive officer Nor Haimee Zakaria.

Bank Rakyat exceeds initial target by providing over RM17b in personal financing, says deputy CEO

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

An elderly man who went viral for slapping a non-Muslim youth in an incident at a convenience store was recharged at the Magistrate’s Court here on Wednesday for voluntarily causing hurt.

Elderly man claims trial to causing hurt to non-Muslim youth

Samsung Electronics Co pledged to strengthen its position in the high-bandwidth memory chip market this year in response to shareholder criticism over its underperformance in the lucrative artificial intelligence arena.

Samsung vows to reclaim ground in AI memory market with rollout

Ben & Jerry’s accused parent company Unilever plc of firing its CEO, claiming he was ousted because of disputes over the ice cream brand’s social mission.

Ben & Jerry’s says CEO fired by Unilever over political stance

Selangor civil servants will receive an additional Special Financial Aid (BKK) of half a month's salary, with a minimum of RM1,000, following the state's strong financial performance.

Selangor MB announces minimum RM1,000 incentive for state’s civil servants

The Penang state government, through the Penang Institute, is inviting relevant parties to submit expressions of interest (EOIs) for the proposed establishment of the Penang International Financial Centre (PIFC).

Penang invites parties to submit expressions of interest for proposed international financial centre

Taiwan's Foxconn, the world's largest contract electronics maker and Apple's main iPhone maker, expects its server revenue to surpass its revenue from iPhones within two years, Taiwan’s Central News Agency reported.

Foxconn sees server revenue surpassing iPhone revenue in two years — report

TSR Capital Bhd (KL:TSRCAP), a construction and property developer, has been awarded a RM219 million contract by Kwasa Land Sdn Bhd for infrastructure and water reservoir construction at the Kwasa Damansara township in Sungai Buloh, Selangor.

TSR bags RM219 mil earthworks contract in Kwasa Damansara

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

For three weeks straight, Marina Budiman became roughly US$350 million (RM1.55 billion) richer each day.

Richest woman in Indonesia loses US$3.6b in just three days

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  

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

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

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

Attorney General Datuk Mohd Dusuki Mokhtar said that the 65-year-old senior citizen who had slapped a non-Muslim at a supermarket in Johor Bahru would be re-charged on Wednesday afternoon.

Senior citizen who slapped non-Muslim will be re-charged this afternoon, says AG

Since Intel Corp&nbsp;announced that Lip-Bu Tan would take over as its chief executive officer last week, the company’s shares have soared. Now, as Tan assumes his job, it is far from clear how he will fulfill the big hopes that have been placed on his shoulders.

Intel’s Malaysian-born CEO faces ‘show me’ moment after US$22b rally

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

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

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.

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

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 its largest bank financing deal ever.

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

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

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

European shares slipped on Wednesday after a sell-off on Wall Street overnight, while the dollar ticked up from a five-month low ahead of the Federal Reserve rates decision later in the day.

European stocks dip after Wall Street sell-off, Turkish assets tumble

The High Court had not considered all the evidence when meting out a guilty verdict against Muar Member of Parliament (MP) Syed Saddiq Syed Abdul Rahman in his criminal trial for his involvement in misappropriating Bersatu young wing Armada funds, claims Syed Saddiq’s defence team at the Court of Appeal on Wednesday.

Trial judge did not consider all evidence in Syed Saddiq case — defence lawyer

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).