Malaysia Business News, Finance News, Stock Updates | Malay Mail

Prime Minister Datuk Seri Anwar Ibrahim said the decision was agreed upon during a Cabinet meeting earlier today and was meant to signal the need for greater fiscal discipline across the public sector. — Screengrab from Facebook/Anwar Ibrahim

Malaysia / 15 h ago

No Raya open houses, tighter overseas travel as Anwar pushes fiscal discipline

The Cabinet has tasked the chief secretary to the government with deciding the next steps in the shareholding issue surrounding Tan Sri Azam Baki, said Datuk Fahmi Fadzil. — Bernama file pic

Malaysia / 15 h ago

Azam Baki shareholding issue: Fahmi says chief secretary to decide next steps after Cabinet review

Based on the three charges, Lee Lay Peng, 47, — who worked as a finance assistant at Bold Integrated Services — was accused of committing CBT involving RM457,744 between June 16, 2017 and December 27, 2019 at the company’s premises in Jelutong, Penang. — Pexels pic

Malaysia / 18 h ago

Penang finance assistant pleads guilty to RM677,000 CBT, collapses in court

Public Service Director-General Tan Sri Wan Ahmad Dahlan Abdul Aziz said his department is revamping the government career advancement scheme to help 126,000 clerical and financial assistants move up the ladder, starting from 2027. — Bernama pic

Malaysia / 18 h ago

No more automatic promotions: JPA plans career upgrades for 126,000 assistants by 2027

Assistant Commissioner Raub Selamat told reporters that police received the report at 5.30am and initial investigations suggest the victim was killed between 1.30am and 4.30am. — File picture by Raymond Manuel

Malaysia / 15 h ago

Foreign woman found dead with 14 stab wounds in JB hotel room

In a post on his Facebook page today, Lim Guan Eng said Penang Chief Minister Chow Kon Yeow was wrong to attribute the increase to the failure to convert the development’s master title into individual strata titles for its 258 units. — Bernama pic

Malaysia / 18 h ago

Why 502pc more? Lim Guan Eng challenges quit rent hike for Penang’s Bola-Bola flats

Former prime minister Tan Sri Muhyiddin Yassin arrives at the Kuala Lumpur High Court Complex on March 11, 2026. — Picture by Yusof Isa

Malaysia / 17 h ago

Muhyiddin’s trial: RM6m in 10 cheques entered Bersatu’s AmBank account, banker says

An Iranian missile flies toward Israel, amid the US-Israel conflict with Iran, as seen from Jerusalem today. — AFP pic

World / 19 h ago

Iran launches major attacks on Israel and Gulf states as global oil markets reel

Members of Iran's women's football team walk as they arrive at the Kuala Lumpur International Airport after taking part in the AFC Women's Asian Cup Australia 2026 tournament in Australia. — AFP pic

Sports / 18 h ago

Iranian women’s football player in Australia reverses asylum claim after talking with teammates

A car believed to belong to activist Cikgu Chandra after it was set on fire in Taman Kinrara, Puchong, in an incident now under police investigation. — Picture via social media

Malaysia / 17 h ago

‘I will not run’: Activist Cikgu Chandra vows to keep speaking out after attacks on home and car in Puchong

The estate of the Malaysian tycoon Tan Sri Ta Kin Yan is finally moving forward two years after his death on June 15, 2024, following the probate granted by the High Court on March 11, 2026 to his business partner and Waz Lian co-founder Datuk Poh Po Lian. — Reuters pic

Malaysia / 16 h ago

Singaporean business partner granted probate for Malaysian tycoon Ta Kin Yan’s estate two years after death

John Mule anak Alai, 48, who operates the Facebook account ‘Bat Tuo Sai’ was sentenced to 10 months in prison and fined RM50,000 by the Sessions Court in Miri on March 11, 2026 for misusing digital platforms to insult Islam in connection with the death of former prime minister Tun Abdullah Ahmad Badawi. — AFP pic

Malaysia / 17 h ago

‘Bat Tuo Sai’ Facebook account admin gets 10-month jail term, RM50,000 fine for insulting Islam, mocking Pak Lah

Datuk Seri Shamsul Iskandar Mohd Akin, on Dec 5 last year, was charged at the Shah Alam Sessions Court with one count of corruptly obtaining RM62,924 from Tei at a bank in Country Heights, Kajang between Nov 28, 2023 and Sept 23, 2024. — Bernama file pic

Malaysia / 13 h ago

Sessions Court told probe can continue against Shamsul Iskandar despite existing charges

MBO Cinemas has announced the closure of its operations nearly five years after returning to Malaysian screens. — Picture by Ahmad Zamzahuri

Showbiz / 18 h ago

Roll credits again: MBO Cinemas shuts down after short-lived comeback

This handout photo taken on March 11, 2026 and released by the Royal Thai Navy shows smoke rising from the Thai bulk carrier 'Mayuree Naree' near the Strait of Hormuz after an attack. A Thai bulk carrier travelling in the crucial Strait of Hormuz was attacked today, with 20 crew members rescued so far, the Thai navy said. — Royal Thai Navy handout/AFP pic

World / 13 h ago

Thai navy says cargo ship attacked near Strait of Hormuz, 20 crew rescued, three missing

Money

0 m ago

After tariff setback, US opens investigations into new global trade penalties

US Trade Representative Jamieson Greer said Washington has launched new investigations into alleged unfair trade practices and excess industrial capacity involving dozens of countries. — Reuters file pic

WASHINGTON, March 12 — The US announced new investigations today into what it considers unfair trade practices by dozens of countries, opening the door to penalties such as further tariffs as President Donald Trump seeks to replace duties struck down by the Supreme Court.The Trump administration is launching separate probes...

Full Story

A Cathay Pacific plane takes off from Hong Kong international airport on March 11, 2026. — AFP pic

Money / 12 h ago

‘Totally unsustainable’: Airlines across Asia hike ticket prices amid surging fuel costs from Mideast conflict

International Energy Agency Executive Director Dr Fatih Birol speaks during a press conference on developments in global energy markets, in Brussels, Belgium March 6, 2026. — Reuters pic

Money / 13 h ago

IEA to recommend record 400‑million‑barrel oil‑reserve release as Iran war drives prices higher

The ringgit strengthened against the US dollar, other major currencies, and Asean peers at today’s close following news that the International Energy Agency has proposed releasing oil reserves, which could help stabilise global crude oil prices. — Picture by Firdaus Latif

Money / 13 h ago

Ringgit ends higher against US dollar and major currencies on oil‑reserve optimism

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Bursa Malaysia extended its upward trend to close higher today, supported by improved market sentiment following reports of a potential release of strategic oil reserves aimed at easing the recent surge in global energy prices, said an analyst. — Picture by Yusof Mat Isa

14 h ago

Bursa Malaysia ends higher on optimism over potential strategic oil reserve release

Dafinah Ahmed Hilmi, CEO of HLB Islamic (centre left), and Kevin Lam, Group Managing Director and CEO of HLB (centre right), unveiled the refreshed identity of HLB Islamic and introduced Hayat @ HLB Islamic, the Bank’s new proposition centre.

15 h ago

HLB Islamic unveils new brand identity, launches ‘Hayat’ wealth stewardship proposition

Moody’s Ratings expects expect high energy prices will boost Petroliam Nasional Bhd’s (Petronas) upstream earnings. — Picture by Firdaus Latif

15 h ago

Moody’s says high energy prices to lift Petronas upstream earnings, subsidies a risk

Asian stocks rose as oil prices stabilised after reports the International Energy Agency could release strategic reserves. — AFP pic

16 h ago

Asian markets rise as oil stabilises on talk of IEA reserve release

At 9.15 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 0.44 of-a-point to 1,701.24 from Tuesday’s close of 1,701.68. — Picture by Raymond Manuel

21 h ago

Bursa Malaysia opens slightly lower as Wall Street slips and crude oil pulls back

At 8 am, the local currency stood unchanged at 3.9200/9355 against the greenback from yesterday’s close of 3.9200/9260. — Picture by Yusof Mat Isa

23 h ago

Ringgit steadies at 3.92 against greenback as domestic economy shows resilience

US President Donald Trump announced his Truth Social platform, saying the company America First Refining would construct the new facility at the Port of Brownsville, Texas. — AFP pic

23 h ago

Indian conglomerate Reliance linked to US$300b US refinery plan announced by Trump

File picture of a construction site. Malaysian developer NexG Bina Bhd faces uncertainty after 16 bank accounts were frozen by the anti-money laundering police unit since November 2025, potentially affecting ongoing developments. — Picture by Firdaus Latif

22 h ago

Malaysian builder NexG Bina denies wrongdoing after police freeze 16 accounts, warns projects at risk

A worker checks a product at a semiconductor facility as the government assures local chip design firms of its support to boost Malaysia’s domestic technology IP. — Picture by Sayuti Zainudin

23 h ago

Govt backs six local chip design firms to boost ‘Made by Malaysia’ tech IP

Airlines are raising ticket prices as surging jet fuel costs driven by the Middle East conflict squeeze the aviation industry. — Reuters pic

1d ago

Brace for pricier flights: Airlines pass on soaring fuel costs to travellers

People wait outside Vidyarthi Bhavan restaurant for a table, as restaurants and hotels in southern India, including the IT hub of Bengaluru, have warned of shutdowns amid disruptions in commercial LPG supply, following the US-Israeli conflict with Iran, in Bengaluru March 10, 2026. — Reuters pic

1d ago

Gas crunch hits India: Restaurants warn kitchens could shut within days as Iran war chokes supplies

At 6 pm, the local currency strengthened to 3.9200/9260 against the greenback from yesterday’s close of 3.9590/9655. — Reuters pic

1d ago

Ringgit strengthens against US dollar, boosted by Trump Iran comments and crude oil slide

At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) increased 27.51 points, or 1.64 per cent, to 1,701.68 from yesterday’s close of 1,674.17. — Picture by Raymond Manuel

1d ago

Bursa Malaysia rebounds as FBM KLCI reclaims 1,700 level on improved global sentiment, stronger IPI data

Penang Chief Minister Chow Kon Yeow said the strong performance reflects sustained investor confidence in the state’s industrial ecosystem and long-term growth prospects. — Bernama pic

1d ago

Penang ranks third nationwide with RM22.4b in 2025 manufacturing investments

A staff member works on the Volkswagen ID. Buzz production line during a media tour at Volkswagen Commercial Vehicles in Hanover, Germany on March 4, 2026. — Reuters pic

1d ago

Europe’s biggest carmaker VW raises job cut target to 50,000 as cost crisis deepens

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