(April 10): Wall Street's main indexes opened lower on Thursday, coming off a blistering rally following US President Donald Trump's move to temporarily lower the heavy tariffs on dozens of countries.

The Dow Jones Industrial Average fell 611.5 points, or 1.51%, at the open to 39,996.93...

Wall St opens lower after sharp rally on Trump tariff reversal

Malaysia must brace itself for the US government's announcement of any new tariff that will affect pharmaceutical products.

Malaysia must brace for potential US pharmaceutical tariff, says Dzulkefly

Prime Minister Datuk Seri Anwar Ibrahim has expressed concern over growing trade tensions between the US and China, warning that President Donald Trump’s aggressive stance on tariffs could negatively impact Asean economies.

Trump's aggressive stance on tariffs could impact Asean nations, says Anwar

The government will intensify its efforts to boost domestic direct investments (DDIs) as a hedge against mounting global uncertainties, particularly amid ongoing trade tensions, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Govt to spur domestic investment to offset global trade uncertainty, says Amir Hamzah

The European Union (EU) will delay for 90 days the implementation of its counter-tariffs against the US over the 25% duties President Donald Trump imposed on the bloc’s steel and aluminium exports last month.

EU to pause metal counter-tariffs against US for 90 days

UK Chief of the Defence Staff Tony Radakin travelled to China this week for discussions with the country’s military, the first such visit by the UK’s most senior military official in a decade.

UK sends top defence chief to China for first time in decade

MSM Malaysia Holdings Bhd (KL:MSM) said the group has been sued by a subsidiary of Ranhill Utilities Bhd (KL:RANHILL) over a failed industrial effluent treatment project in Tanjung Langsat, Johor.

MSM sued by Ranhill over termination of effluent treatment plant project in Johor

Prada SpA agreed to buy Versace for US$1.38 billion (RM6.17 billion) in cash in a deal aimed at strengthening its position as Italy’s largest fashion group.

Prada agrees to buy Versace for US$1.38b despite tariffs

The Lumut Maritime Industrial City (LuMIC) is expected to draw RM72 billion investments over 25 years, and infrastructure works are set to begin in 2026, with the first phase of the project targeted to start as early as 2030.

Perak eyes RM72b investments for Lumut Maritime Industrial City

Malaysian stocks staged a broad relief rally on Thursday after the US announced a pause to its reciprocal tariffs on all but one of its trading partners.

Malaysian stocks rebound, broad relief rally adds back RM73 bil to market 

This article for the Tong's Portfolio column — which predicts a likely walk back of some of the tariffs — was prepared for this coming week's issue of The Edge Malaysia and The Edge Singapore, but because of President Donald Trump's U-turn overnight (albeit for 90 days), we have decided to publish it online first.

Trump's big blunder — and no, it's not tariff per se

Bids for the Penang International Airport's (PIA) main terminal building&nbsp;under Package 3 are expected to open in May this year, ahead of its scheduled 2027 completion.

Gamuda, IJM, MRCB, SunCon could bid for Penang International Airport's main terminal building under Package 3 in May, estimated at RM1.2b — CIMB

AmBank Group has granted RM307 million in financing facilities to Chin Hin Group Bhd’s (KL:CHINHIN) subsidiaries, Aricia Sdn Bhd and Makna Setia Sdn Bhd, to support several new property and infrastructure developments in the Klang Valley and Sabah and Sarawak.

AmBank grants RM307m in financing to Chin Hin Group for infrastructure projects

(April 9): Senator Adam Schiff on Wednesday called on Congress to investigate whether US President Donald Trump engaged in insider trading or market manipulation when he abruptly paused a sweeping set of tariffs, a move that sent stock prices skyrocketing.

Senator Adam Schiff calls for insider trading investigation into Trump over tariff pause

Umno has filed an originating summons (OS) at the High Court last month seeking a declaration and an order for a 9,723 square metre land to be transferred to the political party. The land, which is now the Seri Pacific Hotel, here, is currently held in trust by four people, including former prime minister Tun Dr Mahathir Mohamad and the late Tun Daim Zainuddin.

Umno wants transfer of Seri Pacific hotel land held under trusteeship of Dr M, Daim, two others

Malaysia welcomes the US’ overnight decision to pause the sweeping tariff increase, Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz said on Thursday.

Zafrul: Malaysia welcomes US tariff pause, now assessing implications

Technology stocks rallied on Thursday following the announcement of a 90-day suspension on reciprocal tariffs, amid growing optimism that Malaysia could benefit from the deepening trade rift between the US and China.

Inari Amertron leads tech stocks rebound on 90-day tariff pause, Malaysia's chances amid US-China tensions

Lip-Bu Tan, the man chosen to lead Intel, the US' largest chip maker, has invested in hundreds of Chinese tech firms, including at least eight with links to the People's Liberation Army, according to a Reuters review of Chinese and US corporate filings.

Intel CEO invested in hundreds of Chinese companies, some with military ties

KUALA LUMPUR (April 10): Malaysia’s palm oil stocks posted their first rise in six months in March, as production recovered and imports rose sharply, offsetting strong festive demand, data from the industry regulator showed on Thursday.

Malaysia’s palm oil stocks rise for first time in six months in March

Engineering firm West River Bhd is now taking applications from investors for its initial public offering (IPO) on the ACE Market.

West River now taking IPO applications at 39 sen per share for ACE Market listing

HANOI (April 10): The 20-year production sharing contract (PSC) extension for Hibiscus Petroleum Bhd’s (KL:HIBISCS) largest oil asset works as a key enabler to monetise the group’s development plans offshore northeast Malaysia, which includes new wells and gas processing from nearby fields.&nbsp;

Hibiscus: 20-year PSC extension key enabler for developing new wells, processing gas from nearby assets

(April 10): Bonds from Australia to Japan swung in the wake of a chaotic day in the US Treasuries market, forcing traders to confront the possibility that volatility from trade war jitters is only just beginning.

Swings in US Treasuries trigger global bond market aftershocks

YNH Property Bhd's (KL:YNHPROP) independent review of RM1.1 billion worth of joint ventures (JVs) and turnkey contracts revealed that overlapping directors and shareholdings created an interconnected network, influencing business decisions.

YNH Property's independent review reveals interconnected directors, shareholders in RM1.1b JV deals

OF the 115 companies that had a market capitalisation of at least RM1 billion as at last Tuesday, 95 - or 83% - have seen a year-to-date (YTD) fall in their share prices. Taking a defensive investment approach in the challenging market, The Edge highlights 10 stocks worth looking at in the second...

Cover Story: Battered stocks worth a look

WASHINGTON (April 9): US&nbsp;President Donald Trump signed an executive order on Wednesday, aimed at reviving US shipbuilding and reducing China's grip on the global shipping industry, vowing to boost funding for the effort in coming years.

Trump signs executive order seeking to revitalise US shipbuilding

The Lumut Maritime Industrial City (LuMIC) is expected to draw RM72 billion investments over 25 years, and&nbsp;infrastructure works are set to begin in 2026, with the first phase of the project targeted to start as early as 2030.

Citigroup Inc&nbsp;is urging rich clients to stay cautious amid extreme market volatility, even though “peak shock” might have passed, according to the bank’s global wealth head Andy Sieg.

Citi wealth head Sieg says don’t buy the dip amid wild stock swings

Chinese Commerce Minister Wang Wentao has held a meeting via a video link with Investment,&nbsp;Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, as Malaysia currently holds the rotating chair of Asean, said a statement released by China's Commerce Ministry on Thursday.

Malaysia, China discuss economic cooperation, joint response to US tariff hikes

Blackstone has said it has closed a €9.8 billion (US$10.8 billion or RM48.2 billion) European property fund, as it bets on signs of recovery for the sector despite deepening market turmoil.

Blackstone gears up for US$11b European property buying spree

A court registrar on Wednesday clarified that former 1Malaysia Development Bhd (1MDB) general counsel Jasmine Loo was never charged in absentia. Rather, she only had an arrest warrant issued against her in December 2018.

1MDB-Tanore: Jasmine Loo not charged, only had arrest warrants against her

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

China’s objections to new US tariffs stalled a deal to sell off TikTok and keep it operating in the US, President Donald Trump said Sunday.

TikTok deal stalled by China’s objections to tariffs, Trump says

A slew of tax changes is discouraging many foreigners from buying homes in the UK, particularly in the flashiest parts of London. The share of overseas buyers registering with an estate agency in Britain fell to 1% between January and March, the lowest level since at least 2008, according to data from broker Hamptons.

Foreigners’ interest in UK homes sags to lowest level since 2008

President Donald Trump’s top economic officials dismissed investors’ fears of inflation and recession, offering no apologies for the market turmoil sparked by sweeping global tariffs and defiantly insisting a boom is on the horizon. 

On the heels of huge global stock market falls, Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and others dug in on Sunday and declared that Trump would persist in his tariffs agenda, whatever markets may do.

Trump team rejects market fears, shows defiance on tariffs

US equity futures slumped and the yen surged early Monday in a sign of deepening turmoil across financial markets as investors began to price in the fallout from Donald Trump’s reciprocal tariffs.

S&P 500 futures slump as tariff turmoil deepens

Taiwan’s financial regulator has announced tighter short-selling controls to stabilie the market amid Donald Trump’s aggressive tariffs.

Taiwan tightens short-selling rules to calm market amid tariffs

China investors are bracing for a grim Monday as the nation’s markets return from an extended weekend and factor in its retaliation to US tariffs.

China investors brace for ‘ugly’ Monday on US tariff retaliation

Australian Prime Minister Anthony Albanese pledged to slash household energy bills with a A$2.3 billion (US$1.4 billion or RM6.2 billion) plan to lower the price of home batteries, as his centre-left government focuses on cost-of-living pressures ahead of the May 3 election.

Australian PM unveils US$1.4b plan to reduce power bills

Senate Republicans took a major step toward enacting President Donald Trump’s tax cut agenda and increasing the US debt ceiling, potentially injecting a small degree of certainty into financial markets roiled by the president’s tariff policies.

Trump tax cut, debt limit plan advances amid tariff turmoil

US households probably experienced slightly less overall inflation last month, a reprieve that economists view as temporary in the wake of President Donald Trump’s tariff tsunami.

Bloomberg

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