SNS Network Tech is banking on strengthening both its retail and commercial businesses post its listing on the ACE Market. But given the intense competition and supply chain issues, we ask MD Ko Yun Hung about the company’s gameplan.</div><div class=inPageAd id=div-gpt-ad-inpage>

TALKING EDGE: SNS Network concentrates on service

Car prices have already climbed out of reach for many Americans. The search for a cheap car is poised to get even tougher.

President Donald Trump’s tariffs on automobile imports set to take effect next week are expected to drive up costs across the industry, raising sticker prices by thousands of dollars.

Cars under $30,000 risk becoming a casualty of Trump’s tariffs

Automakers’ bonds weakened in US debt markets on Thursday after President Donald Trump slapped 25% tariffs on car imports and warned of a broader trade war ahead.

Risk premiums, or the extra yield over Treasuries that investors demand, rose on recently issued notes from US units of Volkswagen AG and BMW AG.

Car makers trail US high-grade market with levies set to hit

Stocks fell after the US pushed ahead with tariffs on automakers, reinforcing concern about a widening trade war and offsetting data that showed faster-than-estimated growth in the world’s largest economy.

Just days before the end of a quarter that’s set to be the worst for the S&P 500 since 2023, the gauge slipped anew.

Stocks fall as trade war clouds economic outlook

(March 28): Some investors are betting the good times are only just beginning for emerging markets as worries over the US economy boost the allure of the long-suffering asset class.

Fueling the shift are expectations that President Donald Trump’s tariff policies will weigh on US growth ...

Bets on US weakness are fueling a rally in emerging markets

(March 28): UK bonds declined, erasing gains after Wednesday’s announcement of a smaller-than-expected debt plan, as investors turned their attention to the country’s still-fragile finances and the risk of rising borrowing costs globally.

Gilts fell across the curve, underperformin...

Gilts fall as investors focus on lingering fiscal challenges

(March 28): The US is pushing to control all major future infrastructure and mineral investments in Ukraine, potentially gaining a veto over any role for Kyiv’s other allies and undermining its bid for European Union membership.

President Donald Trump’s administration is demanding the “...

US seeks to control Ukraine investment, squeezing out Europe

CHICAGO (March 28): U.S. beef sales to China have taken a dive, U.S. government data showed on Thursday, after Beijing allowed the expiration of registrations that had permitted exports from hundreds of American meat facilities.

A tit-for-tat tariff dispute has also raised duties o...

US beef sales to China skid after Beijing lets export registrations lapse

Wal-Mart de Mexico SAB, the local unit of the US retail giant, plans to invest US$6 billion (RM26.56 billion) this year in its Mexico operations to add more locations and robotic logistics hubs, escalating its bet on the market despite economic challenges and a brewing US trade conflict.

Walmart bets US$6 bil on Mexico even as economy slows

The operator of the main Paris airports predicted an increase in air fares in coming years to compensate for the use of expensive alternative aviation fuel, weighing on travel demand into the world’s most popular tourist destination.

Paris Airport operator says pricey plane tickets will hit demand

Police have identified 14 accident-prone stretches or blackspots and 61 areas with high traffic flow or hotspots here in conjunction with Hari Raya Aidilfitri through Op Lancar which began on March 2 and ends on April 6.

Police identify 12 accident blackspots, 61 congested locations in KL

KUALA LUMPUR (March 27): A lawsuit has been filed by the former operator of KL Tower against Lim Seong Hai Capital Bhd's (KL:LSH) subsidiaries and the Malaysian government, challenging the award of the KL Tower concession to LSH Service Master Sdn Bhd.

The former operator of KL Tower — ...

Former KL Tower operator sues LSH Capital, govt over concession award

Sapura Energy Bhd (KL:SAPNRG) posted a net profit of RM405.68 million for its fourth quarter compared to a net loss of RM728.44 million a year earlier, helping the troubled oil and gas services group return to profitability for the full year.

Sapura Energy back in the black with RM190 mil full-year net profit  

HHRG Bhd (KL:HHRG) has suspended three senior executives from its 51%-owned subsidiary, MG Furniture Sdn Bhd, who are also members of the Ch’ng family, the largest shareholder in HHRG.

HHRG suspends top executives, also its largest shareholders, at subsidiary amid internal probe

Capital A Bhd is seeking approval from Bursa Malaysia Securities Bhd for an extension until April 15, 2025, to issue the shareholder circular for its proposed Practice Note 17 (PN17) regularisation plan.

Capital A seeks Bursa Securities' approval to extend issuance of PN17 regularisation plan circular

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

Sapura Energy, Jati Tinggi, Keyfield, Bursa Malaysia, KPJ, Al-Aqar REIT, LSH Capital, HHRG, Cypark, Crescendo, Malakoff

Rubber glove solutions provider Flexidynamic Holdings Bhd (KL:FLEXI) has proposed to expand its business in the industry by acquiring a manufacturer of glove formers.

Flexidynamic plans acquisition of glove former maker

Crescendo Corporation Bhd (KL:CRESNDO) has reported a record-high earnings for the financial year ended Jan 31, 2025 (FY2025), thanks to data centre land sales in Iskandar Puteri.

Crescendo wraps up FY2025 with record revenue, profit

NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, is now a substantial shareholder of MMAG Holdings Bhd (KL:MMAG) with a 9.53% stake.

NexG emerges as MMAG's substantial shareholder with 9.53% stake

Read more in the March 31 edition of The Edge Malaysia Weekly. Pick up from the newsstands or subscribe at https://theedgemalaysia.com/subscription

Trumpianomics: Third leg – Deregulation, reforms, cut government spending to make America competitive again

Construction group Southern Score Builders Bhd (KL:SSB8) is eyeing a transfer of listing from the ACE Market to the Main Market of Bursa Malaysia.

Southern Score sets sights on transfer to Main Market

(March 28): The US is pushing to control all major future infrastructure and mineral investments in Ukraine, potentially gaining a veto over any role for Kyiv’s other allies and undermining its bid for European Union membership.

President Donald Trump’s administration is demanding the “...

The US economy expanded at a faster pace in the fourth quarter than previously estimated while a key measure of inflation was revised lower.

US economy grew 2.4% last quarter, faster than previous estimate

Oil and gas services firm Keyfield International Bhd (KL:KEYFIELD) is disposing of an 11-year-old four-point mooring accommodation workboat (AWB) for US$12.5 million (RM55.4 million) to Saraf Corp India Pte Ltd (SCIPL).

Keyfield selling accommodation workboat to Mumbai firm for RM55.4 mil

Germany is getting €1 trillion (RM4.77 trillion) in additional funding virtually for free after bond markets reacted positively to its “historic” spending bill, Deutsche Bank AG chairman Alexander Wynaendts said.&nbsp;

Germany got €1 tril for free, says Deutsche Bank chairman

The mechanism for the targeted RON95 subsidy is still being fine-tuned and will involve a two-tier pricing system as well as potentially involve using MyKad, said Second Finance Minister Datuk Seri Amir Hamzah Azizan.

Govt still fine-tuning targeted RON95 subsidy mechanism

(March 27): US President Donald Trump on Wednesday unveiled a 25% tariff on imported cars and light trucks starting next week, widening the global trade war he kicked off upon regaining the White House this year in a move auto industry experts expect will drive up prices and stymie production.</p...

Trump's 25% car tariff ignites international criticism

Türkiye said on Wednesday that Chery Automobile's partners will invest US$1 billion (RM4.4 billion) in a manufacturing facility in the country with an annual capacity to produce 200,000 vehicles a year.

Türkiye says Chery Auto's partners to invest US$1b in plant to make 200,000 cars/year

Police arrested a freelance preacher on Thursday following a Facebook post allegedly containing seditious elements that could threaten public order.

Police arrest freelance preacher over alleged seditious post

CNOOC Ltd on Thursday reported an 11.4% growth in 2024 net profit on record oil and gas output despite weaker oil prices.

The offshore oil and gas specialist posted a net profit of 137.9 billion yuan (US$18.99 billion) in a filing to the Hong Kong Stock Exchange on Thursday.

China state oil group CNOOC's net profit surges on record output

The Monetary Authority of Singapore said on Thursday it was seeking feedback on a proposed regulatory framework for retail investors to invest in private market investment funds.