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Bank Negara Malaysia announced five successful applications for digital banking licences in April. Even before the advent of digital banks, the usage of fintech services had become the norm in the country.

A beginner’s guide  to fintech services

Wall Street's main indices opened lower on Friday after data showed less-than-expected improvement in job growth in February, while investors awaited comments from Federal Reserve chair Jerome Powell.

Wall St opens lower as jobs data disappoints; Powell's remarks awaited

MY journey towards becoming the first female Chief Justice of Malaysia began in 1986 when I joined the Judicial and Legal Service of the Federation, where I had the privilege of serving in various capacities for more than 20 years. Throughout my tenure as an officer in public service, I experienced numerous memorable moments that shaped my professional and judicial outlook. One of the most enriching aspects of this period was the opportunity to serve under several esteemed High Court judges and Chief Justices. Their guidance, wisdom and leadership imparted invaluable lessons that would later prove instrumental to my own stint as a judge upon my elevation to the High Court in 2006.

Recognise women judges for their legal acumen, not gender

US Energy Secretary Chris Wright plans to seek up to US$20 billion (RM88.4 billion) to accomplish President Donald Trump’s goal of refilling the nation’s depleted oil reserve to its maximum capacity.

US energy chief will seek US$20b to refill oil reserve 

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

Capital A, Bumi Armada, SNS Network, MN Holdings, TNB, Econpile, Swift Energy, UEM Edgenta, Northeast, WTK

US job growth picked up in February and the unemployment rate edged up to 4.1%, but growing uncertainty over trade policy and deep federal government spending cuts could erode the labour market's resilience in the months ahead.

US job growth picks up in February; unemployment rate rises to 4.1% 

All enforcement bodies and security agencies have been instructed to take swift and effective action — without compromise — against any party attempting to incite racial or religious hatred.

Stern action against those who incite racial, religious hatred — Fahmi

US President Donald Trump is confident that China’s President Xi Jinping won’t make a move on Taiwan when he is in the White House, Treasury Secretary Scott Bessent said on CNBC.

Bessent says Trump confident Xi will not make a move on Taiwan during his term

Capital A Bhd (KL:CAPITALA) has received approval from Bursa Malaysia for its proposed regularisation plan, a crucial step towards lifting its Practice Note 17 (PN17) status.

Capital A gets Bursa nod for regularisation plan to uplift PN17 status

Data centres worldwide are experiencing rapid growth, fuelled by the soaring demand for digital services and generative artificial intelligence (AI). This unprecedented expansion has spurred a wave of innovation focused on sustainability and efficiency.

Asia-Pacific leads the way in sustainable data centre growth 

A weekly round-up of tanker and dry bulk market (March 7, 2025)

Baltic Exchange shipping updates: March 7, 2025

<p>Donald Trump’s push to restrict US investments in China is testing what in theory should be an ironclad financial relationship — the tight link between Chinese shares trading in New York and Hong Kong.</p>


Alibaba’s sudden American depositary receipt discount shows fear of US-China decoupling

<p>SNS Network Technology Bhd (KL:SNS) has partnered with Nvidia to launch Malaysia's first fully managed artificial intelligence (AI) cloud service&nbsp;at the Klang Valley data centre in Cyberjaya, operated by Telekom Malaysia Bhd (KL:TM).</p>


SNS Network partners with Nvidia to launch Malaysia’s first fully managed AI cloud service

<p>KUALA LUMPUR (March 7): Malaysia’s insurance and takaful industry has proposed nine measures to address escalating healthcare costs and promote transparency, including the implementation of diagnostic-related grouping (DRG) pricing.</p>


Insurance and takaful industry proposes measures to tackle rising healthcare costs, promote transparency

<p>China’s exports reached a record so far this year as higher US tariffs, and the threat of more to come, drove frontloading of shipments.</p>

<p>The value of sales abroad rose 2.3% in the first two months of the year to US$540 billion (RM2.39 trillion), according to a statement from the General Administration of Customs. Imports unexpectedly fell 8.4%, leaving a record trade surplus of nearly US$171 billion.&nbsp;</p>


China had record US$540b of exports in two months in rush to beat tariffs

<p>KUALA LUMPUR (March 7): U Mobile has signed a memorandum of understanding (MOU) with China Unicom Operations (Malaysia) Sdn Bhd (CUMY) to drive innovation in the internet of things (IoT), smart mobility, and sustainable technology, accelerating adoption among businesses and large enterprises in Malaysia. &nbsp;</p>


U Mobile, China Unicom Operations (Malaysia) forge partnership for IoT, smart mobility growth

<p>Analysts expect a stronger financial year ending Dec 31, 2025 (FY2025)&nbsp;for Mr DIY Group (M) Bhd (KL:MRDIY), with better consumer sentiment and spending boosting same-store sales growth (SSSG) and potentially a rerating of the stock.</p>

<p>In a note on Friday, CGS International said better consumer sentiment and spending, buoyed by civil servant wage hikes, a rise in minimum wage and higher cash handouts, should drive Mr DIY’s same-store sales growth and revenue growth in FY2025.</p>


Stronger FY2025 for Mr DIY, potential stock rerating from improved consumer sentiment — analysts

<p>Johor-based bus company HI Mobility Bhd has launched its initial public offering (IPO) that could raise up to RM115.9 million from the Main Market of Bursa Malaysia.</p>


HI Mobility launches Main Market IPO at RM1.22 per share to raise RM116m

<p>Lim Seong Hai Capital Bhd (KL:LSH) has obtained approval from Bursa Malaysia Securities Bhd for the company’s request for early trading suspension on the LEAP Market, with effect from 2.30pm on Friday, until the completion of the transfer of its listing to the ACE Market.</p>


Lim Seong Hai Capital suspends trading until completion of listing transfer to ACE Market

<p>MN Holdings Bhd (KL:MNHLDG) has secured a RM58.2 million contract from Tenaga Nasional Bhd (KL:TENAGA) for the construction of a new transmission main intake gas-insulated substation (GIS) in Chuping Valley Industrial Area, Perlis.</p>


MN Holdings bags RM58.2 mil substation contract from TNB

<p>Sabah Shell Petroleum Company Ltd (SSPC), a subsidiary of Shell plc, has begun oil production from Phase 4 of the Gumusut-Kakap-Geronggong-Jagus East (GKGJE) deepwater offshore project.</p>


Shell begins oil production from Phase 4 of Sabah deepwater project 

<p>Malaysian banks will likely see moderate profit growth this year, underpinned by steady loan expansion and still-benign loan provisioning expenses.</p>


Malaysian banks to see moderate profit growth in 2025 on steady loan expansion — RAM Ratings

<p>Digital Nasional Bhd (DNB) and Meta, the parent company of Facebook, Instagram, and WhatsApp, have collaborated to establish a joint innovation lab in Malaysia to support real-time communication (RTC) services.&nbsp;</p>


DNB partners with Meta to establish joint innovation lab in Malaysia

<p>Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa and Communications Minister Fahmi Fadzil are among 32 people bestowed Federal Territory awards, decorations and medals in conjunction with Federal Territory Day.</p>


'Datuk Seri' title bestowed upon Zaliha; Fahmi a Datuk

<p>The estate of Wee Cho Yaw, the late patriarch of United Overseas Bank Ltd (UOB), transferred control of the remaining shares that it held to his heirs, concluding one of Singapore’s biggest wealth transfers in decades.</p>


UOB patriarch's heirs get access to US$10b estate

<p>KUALA LUMPUR (March 7): BIMB Securities has started coverage on credit reporting agency CTOS Digital Bhd (KL:CTOS), citing superior forward return on equities&nbsp;(ROEs) and stronger long term growth potential as an attractive re-rating opportunity.</p>


BIMB Securities initiates coverage on CTOS Digital, highlighting strong ROEs and growth potential

<p>BENGALURU (March 6): Initial public offering (IPO)-bound artificial intelligence (AI) cloud startup CoreWeave said on Thursday that it had not seen any contract cancellations after the <em>Financial Times</em> reported that the company's largest customer, Microsoft, had moved away from some agreements.</p>


Nvidia-backed AI firm CoreWeave denies contract cancellations with Microsoft

<p>KUALA LUMPUR (March 7): The High Court here on Friday ordered 1Malaysia Development Berhad (1MDB) to pay RM225,000 in costs to former prime minister Datuk Seri Najib Tun Razak’s stepson, Riza Shahriz Abdul Aziz and his two companies.</p>

<p>Judge Datuk Raja Ahmad Mohzanuddin Shah Raja Mohzan m...

1MDB ordered to pay costs of RM225,000 to Riza Aziz, two others

<p>The government will implement immediate intervention measures to stabilise the supply of bottled cooking oil in the market, said Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali.</p>


Putrajaya mulling special incentive to stabilise supply of bottled cooking oil, says minister  

<p>Malaysia’s international reserves grew US$600 million to US$118.3 billion as at end-February, from US$117.7 billion on Feb 14, according to Bank Negara Malaysia (BNM).</p>


Malaysia’s international reserves up at US$118.3 bil as at Feb 28

<p>KUALA LUMPUR (March 7): Health Minister Datuk Seri Dr Dzulkefly Ahmad could be inching closer to a settlement in his defamation suit against former prime minister Datuk Seri Najib Razak at the High Court.</p>
