<div class=newsTextDataWrapInner>&nbsp;</div>

<div class=newsTextDataWrapInner>In The Edge Malaysia this week — Within a week, the oil and gas service provider has seen RM3 billion wiped out from its market capitalisation, following red flags raised by its auditor. How will it emerge from this crisis?</div>
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EDGE WEEKLY: Serba Dinamik in the eye of the storm

The European Union (EU) approved tariffs to hit around €21 billion (US$23.2 billion or RM104.4 billion) of US goods in retaliation for the 25% duties President Donald Trump imposed last month on the bloc’s steel and aluminium exports.

EU adopts tariffs on €21 bil of US goods in metals fight

Hundreds of Indonesians are flocking to buy gold bars, betting that the precious metal's value could shield them from tougher economic times ahead as the currency and the stock market tumble in South East Asia's largest economy.

Indonesia is among dozens of countries affected by US President Donald Trump's tariffs, which took effect on Wednesday and have sent shockwaves through many economies. The rupiah has already hit historic lows, despite central bank intervention.

Indonesians rush to gold as rupiah and stocks plunge amid US tariff worries

Food and beverage manufacturer Able Global Bhd (KL:ABLEGLOB), which has operations in Mexico, is looking to avail of the zero-tariff perk accorded under the United States-Mexico-Canada Agreement (USMCA) to mitigate rising trade barriers on exports to the United States.

Able Global Bhd seeks USMCA zero-tariff benefit to counter rising trade barriers on US exports

China retaliated against new tariffs imposed by US President Donald Trump by announcing it would raise duties on US goods, roiling markets and deepening a trade war between the world’s largest economies.

China raises tariffs on US goods to 84% as trade rift worsens

Before he stepped down as Canadian prime minister, Justin Trudeau called Donald Trump’s tariff policies “very dumb”. This might be an accurate description of many Trump administration policies — but the more objectively correct word is “stupid”.

In fact, Québec’s largest newspaper, Le Journal de Montréal, published a front-page photo of Trump in early February with the word “stupid” in 350-point type. Some may call this an opinion, but the science of stupidity tells us that it’s more of a definition.

Donald Trump’s policies are more than dumb — they’re stupid, according to stupidity researchers

A total of 219 out of 469 heads of households affected by the gas pipeline explosion in Putra Heights, Subang Jaya, have received the immediate assistance announced by Prime Minister Datuk Seri Anwar Ibrahim.

Putra Heights fire: 219 heads of household have received immediate aid, says Amirudin

The government is open to reviewing the appointment process for the chief commissioner of the Malaysian Anti-Corruption Commission (MACC), including the prime minister’s role in the decision-making process, according to news reports quoting Communications Minister Datuk Fahmi Fadzil.

Govt open to reviewing appointment process for MACC chief — reports

A former assistant officer of the Sarawak Welfare Department was on Wednesday sentenced to 468 years in prison and fined RM180 million, in default 36 months’ imprisonment, for money laundering and criminal breach of trust (CBT) involving over RM16 million.

Ex-Sarawak welfare officer sentenced to 468 years in prison for money laundering, criminal breach of trust

Wall Street's main indexes were set to open sharply lower on Wednesday after China announced more levies on US goods, retaliating to President Donald Trump's reciprocal tariffs that took effect earlier in the day.

The world's second largest economy would impose additional tariffs of 84% on all US goods from April 10, up from the 34% previously announced, China's finance ministry said.

Wall St to open sharply lower as China raises more barriers on US goods

HHRG Bhd (KL:HHRG) on Wednesday announced that the Penang High Court has allowed an order sought by its 51%-owned MG Furniture Sdn Bhd to prohibit managing director Ch’ng Chen Mong, director Tan Poh Cheng and their son, production manager Ch'ng Boon Sin, from entering its premises, except to carry out statutory duties with prior notice.

HHRG’s 51%-owned unit MG Furniture secures order to prohibit MD and family members from entering premises

AMMB Holdings Bhd's (KL:AMBANK) group chief financial officer Shafiq Abdul Jabbar is stepping down “to pursue other professional opportunities”,&nbsp;the banking group said in a bourse filing on Wednesday.

AMMB CFO to step down, said to be joining Maybank

KUALA LUMPUR (April 9): Malaysian palm oil producers could steal the spotlight in the US, grabbing market share from Indonesia with their more competitive pricing, with the imposition of reciprocal tariff from April 9.

Malaysian palm oil producers could capture US market share from Indonesia with better pricing — CGS International

Cuckoo International (MAL) Bhd said on Wednesday it is delaying its Bursa Malaysia listing by two months due to the current global market volatility.

Cuckoo International delays Bursa listing to June amid market rout

KUALA LUMPUR (April 9): A lawyer is challenging the constitutionality of the Judicial Appointments Commission (JAC) and its power to appoint judges, arguing that the Judicial Appointments Commission Act 2009 is unconstitutional. &nbsp;

Lawyer launches constitutional challenge against Judicial Appointments Commission's judge appointment power 

The High Court on Wednesday recorded a consent judgement between 1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd, along with several other companies, and Shabnam Naraindas Daswani, where the Singaporean national was sued along with Datin Seri Rosmah Mansor.

1MDB withdraws suit against Singaporean Shabnam in US$346m Rosmah luxury goods case

Reach Ten Holdings Bhd is pushing ahead with its initial public offering (IPO) — the first Main Market&nbsp;listing for a Sarawak-based company in 15 years — against a worldwide market downturn.

Reach Ten pushes ahead with Main Market IPO, first Sarawak firm listing in 15 years

Permodalan Nasional Bhd (PNB) is looking to exit its positions in legacy investments, allowing it to strengthen other asset classes, including fixed income, said its deputy president and group chief executive officer Datuk Rick Ramli.

PNB looking to quit legacy investments to strengthen portfolio

China will impose 84% tariffs on US goods from Thursday, up from the 34% previously announced, its finance ministry said on Wednesday, firing the latest salvo in a global trade war sparked by US President Donald Trump.

China retaliates as Trump trade tariffs kick in

KIP Real Estate Investment Trust (KL:KIPREIT) is acquiring four retail properties worth RM118 million in Kuala Selangor&nbsp;and Kuantan, Pahang, marking a strategic suburban expansion.

KIP REIT to acquire RM118m worth of suburban retail assets, boosting portfolio to RM1.5b

Emphasising a people-first approach,&nbsp;Lim Seong Hai Capital Bhd (KL:LSH) non-executive chairman Tan Sri Lim&nbsp;Keng&nbsp;Cheng said his vision for the Kuala Lumpur Tower is grounded in compassion and continuity, particularly in safeguarding the livelihoods of all existing staff.

LSH Capital chairman refutes KL Tower staff replacement rumours

HOUSTON (April 8): LNG Canada has started to cool down its liquefied natural gas (LNG) plant in Kitimat, British Columbia, considered a final step before it begins to produce the superchilled gas, two people told Reuters.

Petronas’ JV in Canada starts cooldown of plant in final step before producing LNG

The escalating trade war between the US and China saw President Donald Trump raise tariffs even further on small parcels that were until now exempt from taxes.

US slaps higher taxes on small parcels in tit-for-tat trade war

Glove counters on Bursa Malaysia surged in early trade on Wednesday, buoyed by hopes of a trade diversion from China to Malaysia amid escalating US-China tariff tensions — but the rally fizzled out by market close, with most stocks paring earlier gains.

Glove stocks pare early gains as US-China tariff drama unfolds

China retaliated against new tariffs imposed by US President Donald Trump by announcing it would raise duties on US goods, roiling markets and deepening a trade war between the world’s largest economies.

(April 9):&nbsp;Malaysia’s sovereign wealth fund Khazanah Nasional Bhd&nbsp;said the uncertainty stemming from US President Donald Trump’s sweeping global tariffs is making it difficult to exit private assets, as it reviews its portfolio.

Khazanah MD says US tariffs uncertainty makes it hard to exit private assets

KUALA LUMPUR (April 9): WTEC Group Bhd on Wednesday launched its initial public offering (IPO) on the ACE Market of Bursa Malaysia, braving a global stock market rout triggered by the looming Trump tariffs.

WTEC Group braves global market rout, launches ACE Market IPO to raise up to RM33m

Malaysia’s central bank is looking beyond monetary policy to weather the fallout from US President Donald Trump’s duties, arguing that the country is entering the tariff disputes from a position of strength.

Bank Negara to look beyond key rate amid tariffs — governor

The sweeping United States (US) tariffs will be credit negative for the Asia-Pacific (Apac), but lower-tariff countries such as Malaysia, India and the Philippines may gain market share through trade triangulation to serve the US market, according to Moody’s Ratings.

Malaysia among countries that could boost market share as US tariffs shift Apac trade — Moody’s

The drugs and firearms trial involving Datuk Seri Anwar Ibrahim’s former research officer Muhammad Yusoff Rawther took a turn at the High Court on Wednesday, following questions over how the front passenger door of his Nissan Teana could be opened, after he had previously failed to do so using the car’s remote control.

Questions arise as to how front passenger door to Yusoff Rawther's car could be opened

Oil prices fell to a four-year low on Wednesday while several commodities, including coffee, tumbled as the trade war between China and the US intensified.