In today’s edition of Evening 5 — The government has decided to extend the full Movement Control Order until June 28. Meanwhile, Bank Negara says e-money liabilities have grown significantly from about RM500 million to RM1.6 billion in the past five years. </div><div class=inPageAd id=div-gpt-ad-inpage>

EVENING 5: FMCO extended until June 28

Global markets were in a sea of red on Monday, roiled by tariff fears, and Bursa Malaysia was no exception. The local market saw RM93.15 billion worth of market capitalisation erased as the FBM KLCI recorded its steepest single-day decline since the unwinding of the yen carry trade on Aug 5 last year, dropping 4.01% to close at 1,443.8.

Now's not the time to buy the dip, analysts warn as Bursa sees RM93b rout on tariff fears

NEWS: Analysts call to stay defensive amid market rout

Israeli troops flattened farmland and cleared entire residential districts in Gaza to open a "kill zone" around the enclave, according to a report on Monday that quoted soldiers testifying about the harsh methods used in the operation.

Israeli soldiers describe clearance of 'kill zone' on Gaza's edge

A court has blocked a British government attempt to keep secret a legal case over its demand to access Apple Inc user data in a victory for privacy advocates.

UK effort to keep Apple encryption fight secret blocked in court

Chin Well Holdings Bhd (KL:CHINWEL) clarified on Monday that the 24% tariff on Malaysia and 46%  tariff on Vietnam announced by President Donald Trump on April 2 will not apply to imports into the US of the group's manufactured fasteners and wire products.

Chin Well says US tariff will not significantly impact performance

Singapore designated real estate billionaire Robert Ng and three of his children as “politically significant persons” (PSPs) under a law designed to curb foreign influence.

Singapore designates property tycoon Robert Ng, three children as 'politically significant persons' under foreign influence law

Wall Street leaders issued warnings on US tariffs, with JPMorgan Chase CEO Jamie Dimon saying they could have lasting negative consequences, while fund manager Bill Ackman said they couldlead to an "economic nuclear winter".

Dimon, Ackman warn on tariffs as Wall Street roiled by trade war

President Donald Trump's sweeping tariff plans hammered global financial markets and US stocks braced for more turmoil on Monday, after he warned foreign governments they would have to pay "a lot of money" to lift the levies he called "medicine".

Trump's tariff 'medicine' engulfs markets as US stocks brace for more turmoil

Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets including metals and coffee declined as the intensifying trade war between the United States and China triggered worries over demand for raw materials.

Oil drops to four-year low, metals fall on recession fears

Volkswagen's Audi is holding its cars which arrived after April 2, when Donald Trump announced a 25% tariff on autos imports, in US ports, it said on Monday, as companies scramble to work out how they will be affected by the duties.

Volkswagen's Audi holding cars in US ports due to autos tariff

Eighteen counters were hit with intraday short-selling suspensions, after their share prices breached thresholds, amid heavy selling in the stock market on Monday.

Short selling suspended for 18 counters amid market sell-off

ONCE a darling of the Malaysian stock market, investors appear to be cashing out of Genting Malaysia Bhd (KL:GENM), following disappointing earnings, rising debt and lack of convincing prospects, pushing shares of the casino and resort operator to their lowest in five years.

Genting Mal...

Are investors cutting losses on Genting Malaysia?

KUALA LUMPUR (April 7): Foreign investors returned to net sellers last week across eight Asian markets, reversing their single-week buying streak, recording a heavy net outflow of US$7.12 billion (RM31.68 billion), with South Korea and India experiencing the heaviest selling pressure.

MIDF: Foreign investors pulled RM31.68b from Asian markets last week, South Korea saw heaviest selling

A common maxim of trade wars is that the best retaliation is not to retaliate at all. Such conflicts, after all, are counterproductive in the first place.

China has already trade-war-proofed its economy

KUALA LUMPUR (April 7): Umno’s working secretary and public official Datuk Mohd Sumali Reduan said that Umno would hypothetically accept US$10 million from Colombian drug lord Pablo Escobar if he gave them a donation.&nbsp;

Umno working secretary: We will take US$10 mil from Colombian drug lord Pablo Escobar if it is given

KUALA LUMPUR (April 7): CIMB Securities believes the crude palm oil (CPO) prices will be significantly impacted by the US-China trade war-led tariffs on the commodity, amid lower crude oil price.

US reciprocal tariffs to negatively impact CPO prices, may prompt earnings cut — CIMB Securities

KUALA LUMPUR (April 7): Google Cloud has appointed Hana Raja as its new country manager in Malaysia.

Google Cloud appoints Hana Raja as new country manager

PETROLIAM Nasional Bhd (Petronas) has been given the mandate by the government to develop the country’s third regasification terminal (RGT) as part of efforts to ensure supply security in Peninsular Malaysia, according to sources.

It is understood that the RGT, to be located in Lumut, P...

Petronas to build regasification terminal in Lumut, third in Malaysia, say sources

China warned against panic in the face of President Donald Trump’s tariff hikes, saying it has plenty of policy room to defend the economy, but without ruling out negotiations with the US.

China appeals for calm, readies plans to counter Trump’s tariffs

A market survey of insurance industry professionals commissioned by Malaysian Reinsurance Bhd (Malaysian RE) has found that treatment costs in the private healthcare system are not based on the type and criticality of the disease but on the type of payer.

Private healthcare costs depend on payer, not disease type or severity — insurers

The Ministry of Housing and Local Government has blacklisted 109 property developers for failing to comply with the set regulations, said Minister Nga Kor Ming.

Housing Ministry blacklists 109 property developers for non-compliance, says Nga

The construction sector is likely to be less impacted by the US tariffs due to its focus on the domestic market, but industrial job flows may slow temporarily as companies adjust their strategies, analysts said.

Construction sector likely insulated from tariff woes, industrial job flows could slow — analysts

KUALA LUMPUR (April 7): Half of Malaysia’s electrical and electronics (E&amp;E) exports to the US are at risk of being hit by the recently announced 24% reciprocal tariff, according to Investment, Trade, and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Half of Malaysia’s E&E exports to US at risk of 24% reciprocal tariff — Zafrul

DRB Hicom Bhd (KL:DRBHCOM) is said to be exploring options to restructure its 53.49%-owned unit Pos Malaysia Bhd (KL:POS), which has been bleeding red ink for nearly six years.

The diversified conglomerate may form a partnership with a European party to revive the postal group’s courier...

Corporate exercise in the offing at Pos Malaysia 

Malaysia is seeking clarification from the US over the basis of a 24% retaliatory tariff on its exports, denying claims that the country imposed a 47% tariff on US goods, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Zafrul seeks US clarification on 24% tariff, denies 47% tariff on US goods

Tesla Inc’s stock extended losses in early trading on Monday, dropping below a price at which Commerce Secretary Howard Lutnick predicted they would never fall to again.

Tesla shares plunge below Lutnick’s ‘never this cheap’ level

Singapore’s political leaders warned of a tough road ahead, after the US unveiled sweeping global tariffs, a move described by an opposition party as scaremongering. &nbsp;

Singapore PM flags tariff alarm, opposition calls it fear tactic

US President Donald Trump’s sweeping tariffs, although dogged by questions about his administration’s calculations of trade imbalances, is having a global impact. Even the smallest of nations have been hit by the US-imposed tariffs that will come into effect this week.

China, which has ...

Alternative Views: After tariff tantrum, watch out for currency wars

U Mobile Sdn Bhd, which is leading the rollout of Malaysia's second 5G network, is partnering with Southeast Asian cell tower company EdgePoint Infrastructure Sdn Bhd to accelerate the rollout of in-building 5G coverage throughout the country.

U Mobile partners EdgePoint to speed up in-building 5G coverage rollout

President Donald Trump's sweeping tariff plans hammered global financial markets and US stocks braced for more turmoil on Monday, after he warned foreign governments they would have to pay "a lot of money" to lift the levies he called "medicine".