<div class=newsTextDataWrapInner>FBM KLCI settles up 1.87 points at 1,468.81 at 12:30pm 
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FBM KLCI settles up 1.87 points at 1,468.81 at 12:30pm
 
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FBM KLCI settles up 1.87 points at 1,468.81 at 12:30pm

Jens-Frederik Nielsen, a 33-year-old former minister of industry and minerals, was sworn in as the youngest prime minister of Greenland on Friday to face the challenges posed by US President Donald Trump's ambitions to control the Arctic island.

Greenland's new prime minister takes office facing challenge from Trump

Apple Inc and Meta Platforms Inc are set to be hit by fines under the European Union’s (EU) Big Tech competition rulebook towards the end of next week, with the iPhone maker facing the added threat of recurring penalties under the bloc’s Digital Markets Act (DMA).

Apple, Meta face modest fines as EU seeks to avoid US spat

This year’s Hari Raya Aidilfitri festive season has seen smoother air travel, particularly for those returning to Sabah and Sarawak.

Transport Minister Anthony Loke said this was due to the absence of complaints from the public about difficulties in securing flight tickets to their hometowns.

Smoother air travel this Aidilfitri, no complaints over flight tickets — Loke

Traffic flow on several major expressways has been reported to continue to be moving slowly tonight due to a rise in the number of vehicles heading out of the city centre, as city dwellers return to their hometowns to celebrate Hari Raya Aidilfitri.

Slow traffic flow, vehicle numbers expected to increase on major expressways

Transport Minister Anthony Loke has assured that a thorough investigation will be carried out into the fatal crash that claimed five lives on the North-South Expressway near Kluang, Johor on Thursday.

Loke assures thorough probe into Kluang fatal crash

Prime Minister Keir Starmer came to power last year promising a growth boost but ended up presiding over a slump. Nine months on, however, the British economy may finally be turning the corner.

The UK economy is starting to emerge from stagnation

China's three big state-owned airlines posted their fifth straight year of losses this week, citing domestic market competition, low international and business travel demand, supply chain problems and currency depreciation as challenges.

China's top airlines post fifth year of losses in 2024 in the face of domestic competition 

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

MN Holdings, Genting, MMAG, LSH Capital, Able Global, Kerjaya Prospek Property, Yinson, GUH Holdings, DNeX and Sarawak Cable

Huawei Technologies Co executives would likely have known about — and signed off on — alleged bribes to European Union (EU) lawmakers in 2021, according to Belgian judicial authorities.

Huawei bosses likely knew of alleged EU bribes, say Belgians 

A weekly round-up of tanker and dry bulk market (March 28, 2025)

Baltic Exchange shipping updates: March 28, 2025

Hong Kong tycoon Li Ka-shing's CK Hutchison will not sign a deal next week to sell its two port operations near the Panama Canal to a BlackRock-led group, a source with direct knowledge of the matter said, amid growing pressure from Beijing.

CK Hutchison will not sign deal to sell strategic Panama ports next week — Reuters

A powerful earthquake centred in Myanmar rocked Southeast Asia on Friday, killing several people and causing extensive damage, with rescuers in Bangkok searching for 81 people in the rubble of a collapsed building.

Powerful quake in Southeast Asia kills several, 81 trapped in Bangkok building rubble

Genting Bhd (KL:GENTING) said on Friday the Nevada Gaming Commission has accepted the terms of a settlement in relation to a complaint against its Las Vegas resort.

Genting says Nevada authorities have signed off settlement terms for Las Vegas complaint

The Magistrate's Court here have sentenced businessman Chung Chee Yang, 47, to six years and 10 months in prison, and a fine of RM22,000, after he was found guilty of hurting the religious feelings and criminally intimidating his two bodyguards by pointing a gun at them and admonishing them for fasting in 2021.&nbsp;

Businessman who assaulted bodyguards for fasting sentenced to six years and 10 months' jail

Volatile stock markets, driven by global economic uncertainties and shifting policies, have unsettled investors, prompting a shift towards domestic money market funds in search of stability. &nbsp;

Challenging the perception that foreign investors have exited the domestic market, Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said they are instead parking funds in safer assets while maintaining exposure to Malaysia. &nbsp;

Foreign investors shifting to safer Malaysian assets amid market volatility — analyst

The government has released the guidelines for its latest solar programme, which allows energy companies to lease rooftop space from homeowners to install solar panels and sell the generated electricity to customers through third-party access to the distribution network.

Govt sets guidelines for rooftop solar leasing, landed households set to benefit

MN Holdings Bhd (KL:MNHLDG), an infrastructure utilities construction and engineering solutions firm, has secured a RM137.8 million contract from Tenaga Nasional Bhd (KL:TENAGA).

MN Holdings bags its largest direct contract of RM138m from TNB

Bank Negara Malaysia (BNM) on Friday released the finalised policy document on complaints handling by financial services firms, including banks, insurers and payment system operators.

Banks, insurers required to promptly resolve customer complaints under new BNM policy

Taiwan is investigating whether China’s leading chipmaker Semiconductor Manufacturing International Corp (SMIC)&nbsp;illegally poached local engineers as part of an effort to access the island’s cutting-edge chip technology.

Taiwan probes Chinese chipmaker SMIC for allegedly poaching staff

Lim Seong Hai Capital Bhd (KL:LSH), which has been slapped with a lawsuit by the former operator of Kuala Lumpur Tower, said that the claim against its subsidiaries is without merit and cannot be established.

LSH Capital says former KL Tower operator’s lawsuit ‘without merit’, followed procurement process

Shares of Shah Alam-based WF Holding Ltd fell below the&nbsp;initial public offering (IPO) price in their Nasdaq debut on Thursday.

The stock closed at US$3.75, a 6.25% discount from its IPO price of US$4 per share, after raising US$8 million (RM35.42 million) before deducting underwriting fees and expenses. At the closing price, the company had a market capitalisation of US$93.56 million or RM414.19 million.

Selangor fibreglass plastic maker WF Holding breaks below IPO price on Nasdaq listing day

MMAG Holdings Bhd (KL:MMAG) on Friday announced that Datuk Farhash Wafa Salvador has emerged as its largest shareholder, after acquiring a 20% stake or 462 million shares earlier this week.

Farhash Wafa emerges as MMAG’s largest shareholder, named chairman

Dagang Nexchange Bhd (KL:DNEX) said it is seeking a court order to set aside an arbitration ruling against its units, DNeX Semiconductor Sdn Bhd and SilTerra Malaysia Sdn Bhd, in a dispute between the two firms and China-based Tethystronics Technologies Company Ltd (TTCL).

DNeX goes to court in bid to overturn arbitration ruling against its units

Residents in several areas in Penang on Friday also felt tremors due to a strong 7.7 magnitude earthquake that shook an area 16 kilometres northwest Sagaing, Myanmar.

Tremors felt in Penang after earthquake hits Myanmar

KUALA LUMPUR (March 28): Selangor state-linked Kumpulan Perangsang Selangor Bhd (KL:KPS) has proposed to change its auditor&nbsp;to Messrs Ernst &amp; Young Consulting Sdn Bhd (EY) for the financial year ending Dec 31, 2025 (FY2025), replacing its retiring auditor&nbsp;Messrs BDO PLT (BDO).

Kumpulan Perangsang Selangor proposes change of auditor

The Sarawak&nbsp;Cabinet&nbsp;has approved the proposal paper for the implementation of the Sarawak Free Tertiary Education Scheme (FTES).

Sarawak's Ministry of Education, Innovation and Talent Development,&nbsp;in a statement on Friday, said the approval was given during the state Cabinet meeting on March 20.

Sarawak Cabinet approves free tertiary education for 2026 implementation

Able Global Bhd (KL:ABLEGLOB) said its executive chairman Ng Keng Hoe was charged with abetment of dishonest misappropriation on Tuesday.

Able Global chairman Ng Keng Hoe charged with abetment of dishonest misappropriation

The Malaysian Investment Development Authority (Mida) will introduce a new Investor Pass for foreign investors starting April 1, enabling them to stay in the country for six months, with the option for a further six-month extension. &nbsp;

Malaysia launches Investor Pass to attract foreign investment effective April 1

Chinese President Xi Jinping vowed to improve market access at a meeting with a group of global business leaders in Beijing, in an effort to boost investor sentiment as rising tariffs fuel uncertainty for the economy and international trade.

Xi woos global business leaders as Trump intensifies trade war

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.