Sharp, essential news and analysis from Malaysia.
Lim covers business for the publication.
KPMG Australia has appointed John Sams as chief executive, ending months of leadership uncertainty triggered by a confidential client data breach scandal that forced former CEO Andrew Yates to resign.
Malaysian fertiliser manufacturer Cropmate has secured the release of its frozen bank accounts, the company announced. The firm also confirmed that neither its employees nor directors face any arrest or legal charges.
Twelve US states have initiated legal action to prevent Paramount from acquiring Warner Bros., arguing the deal would dangerously concentrate market power in Hollywood's film and television sectors.
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Apple has launched a major lawsuit against OpenAI, alleging systematic theft of confidential technology and trade secrets. The dispute represents a sharp reversal in the companies' relationship and signals intensifying tensions in the AI industry.
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The Malaysian Anti-Corruption Commission has concluded its investigation into HG Power Transmission, a unit 86.8% owned by Rohas Tecnic Bhd, finding no breaches of anti-money laundering laws. The clearance resolves regulatory concerns surrounding the engineering firm.
Rohas has disclosed through a Bursa Malaysia filing that the Malaysian Anti-Corruption Commission investigation into its subsidiary HG Power Transmission has concluded, with all seizure orders lifted and no additional steps planned.
A Singapore court has rejected Standard Chartered's attempt to dismiss a US$2.7 billion lawsuit connected to the 1MDB scandal, clearing the path for the case to proceed to full trial with allegations of dishonest assistance and anti-money laundering breaches.
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Prime Minister Anwar Ibrahim has committed to establishing stronger regulatory frameworks and fostering industry collaboration to position Malaysia as a leader in the growing drone sector, signalling increased government support for unmanned systems development.
Prime Minister Datuk Seri Anwar Ibrahim will officially launch the completed LRT3 Shah Alam Line tomorrow, a 37.8-kilometre transit corridor featuring 20 stations from Bandar Utama to Johan Setia.
Prime Minister Anwar Ibrahim has called on Malaysia to rapidly advance its unmanned aerial vehicle and drone sector, positioning it as critical to the nation's economic future. The global UAV market is projected to reach USD55 billion by 2030.
Ride-hailing platform Maxim is strengthening its commitment to accessible transportation by introducing specialised services for persons with disabilities, elderly citizens, and low-income families, alongside strategic partnerships and technology innovations designed to foster independence and social inclusion.
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Prime Minister Datuk Seri Anwar Ibrahim has unveiled plans for new affordable housing projects targeting civil servants throughout Malaysia, addressing longstanding accommodation pressures on the public sector workforce.
Malaysia will exempt Service Tax on service charges and sinking fund contributions for non-residential buildings starting July 1, 2026, providing relief to property owners, businesses, and management bodies managing stratified properties.
The CPTPP bloc of 12 trading nations has endorsed the US-Iran agreement and efforts to restore safe passage through the Strait of Hormuz, emphasising the need for stable energy trade and resilient global supply chains.
Bank Negara Malaysia has unveiled the 'Semak Kasih' portal to assist families in identifying unclaimed insurance policies and takaful certificates. An estimated 50,000 policies involving death benefits remain unclaimed nationwide.
Malaysia's government will convene a Cabinet Committee meeting next week to address foreign worker challenges affecting multiple sectors, particularly food and beverage, with Deputy Prime Minister Ahmad Zahid Hamidi presiding over discussions.
Water asset manager PAAB celebrates two decades of restructuring Malaysia's water sector, having mobilised RM46.88 billion in financing and infrastructure investment across ten states, though tackling 40% non-revenue water losses remains urgent.
Ajinomoto (Malaysia) Berhad has partnered with two prominent Saudi Arabian chefs to accelerate its expansion in the Middle East, leveraging their culinary influence to promote its halal-certified product range and umami expertise.
A global consumer survey reveals that 52 per cent of buyers are prepared to pay higher prices for brands demonstrating transparent practices around artificial intelligence and personal data usage.
Petronas is expanding its operations in Turkmenistan, reinforcing Malaysia's bilateral ties with the Central Asian nation following Prime Minister Anwar Ibrahim's recent official visit, positioning energy cooperation as a cornerstone of renewed economic partnership.
Malaysia's labour market remains stable with unemployment at just 0.04 per cent as of June, down 20 per cent from May figures. Job placements through government schemes surged 55 per cent between April and June.
Malaysia's government is drafting comprehensive legislation to regulate e-commerce platforms, protect local MSMEs, and tackle counterfeit goods. The new framework addresses regulatory gaps between domestic and foreign sellers.
Petronas has assured stable fuel supplies across its nationwide network until August, with a government task force monitoring the situation amid global energy pressures from regional conflicts.
The Malaysian Press Institute has gathered RM1.037 million in financial backing for the Malaysia Press Night 2026 event scheduled for July. Prime Minister Datuk Seri Anwar Ibrahim is expected to attend the prestigious occasion celebrating journalism excellence.
Malaysia and Uzbekistan are expanding agricultural cooperation by combining Malaysia's technological expertise with Uzbekistan's farming experience, targeting smart farming, aquaculture, and regional food security.
Malaysia's employment agencies association has unveiled a new insurance programme designed to protect both domestic workers and their employers, addressing longstanding gaps in coverage including abscondment, illness, and hospitalisation.
Malaysia and Indonesia will boost cooperation in the halal industry through establishing the Malaysia-Indonesia Halal Council and coordinating at ASEAN and global levels to harmonise standards and expand trade opportunities.
Malaysia's SME Stabilisation Relief Facility still has over RM4 billion available to help small businesses manage cash flow challenges, Economy Minister Akmal Nasrullah announced, as the government deploys multiple support packages to cushion economic headwinds.
The Malaysia Competition Commission has concluded there is no evidence of anti-competitive practices affecting housing prices or residential property packages, with house prices showing moderate growth.
Malaysia's Ministry of Entrepreneur and Cooperatives Development has unveiled a strategic plan to help local micro and small businesses compete in the digital economy against foreign rivals with lower operating costs.
Malaysia has begun exporting MD2 pineapples to New Zealand, a new market projected to generate RM4.3 million annually. The inaugural shipment of 22.5 tonnes marks expansion beyond traditional Asian markets into the Pacific region.
Malaysia's Finance Ministry remains receptive to adjusting the BUDI Diesel subsidy programme based on real-world usage data, signalling a pragmatic approach to targeted fuel subsidies that prioritises evidence over immediate quota expansion demands.
Prime Minister Anwar Ibrahim has lauded Malaysia's civil service for driving the nation's improved standing in the IMD World Competitiveness Index 2026, with the country climbing eight positions to rank 15th globally.
Malaysia is actively courting German small and medium enterprises to invest in green technology, renewable energy, and water management, with Deputy PM Fadillah citing strong bilateral ties and over 800 German companies already operating locally.
Housing and Local Government Minister Nga Kor Ming has emphasized that maintaining consistent policy direction under the MADANI framework is vital for Malaysia's economic transformation and investor confidence.
Prime Minister Datuk Seri Anwar Ibrahim has secured significant oil and gas agreements during his recent visits to Russia and Turkmenistan, marking a strategic shift in Malaysia's energy procurement and strengthening ties with key hydrocarbon producers.
Ajinomoto Co Inc, controlling 50.38% of Ajinomoto (Malaysia) Bhd, has announced plans to privatise and delist the company through a RM603.4mil selective capital reduction exercise at RM20 per share.
Japan's Ajinomoto Co Inc is acquiring the remaining shares of its Malaysian monosodium glutamate producer for RM603.4 million, paying RM20 per share to minority investors seeking liquidity.
Malaysia expects annual savings of up to RM2 billion through the BUDI MADANI Diesel programme launching July 1, using MyKad verification to curb subsidy abuse and cross-border smuggling.
Malaysia's Domestic Trade Minister has clarified that MADANI Mart functions as a private retail initiative operated by licensed business entities under Yayasan MADANI, a foundation registered with Malaysia's corporate regulator.
Malaysia's union membership stands at just six per cent of the total workforce, revealing significant untapped potential for growth. HR Minister Datuk Seri R. Ramanan emphasises unions' preventative role and the government's RM6.1 million investment in union development.
The Empowering Malaysian Businesses Carnival in Melaka concluded with RM8.45 million in potential business value and financing, alongside direct product sales exceeding half a million ringgit.
The Human Resources Ministry is launching TVET programmes and employment assistance for workers displaced by global supply chain issues, while investing RM20.8 million in Tamil vernacular school initiatives.
Malaysia's parliament has tabled two competition-related amendment bills designed to expand the Malaysia Competition Commission's investigative powers, broaden regulatory scope beyond commercial activities, and strengthen enforcement capabilities.
Nearly 7,000 university students gathered at Shah Alam for SUM MEGA 2026, an entrepreneurship seminar organised by INSKEN and UiTM that achieved a Malaysia Book of Records title for largest student participation in such an event.
QEW has dismissed fraud allegations linked to a RM20.45 million investment scheme, contending that 111 investors who filed lawsuits were fully aware of associated risks when committing capital.
The United States is finalising its investigation into alleged forced labour in Malaysia, with Washington signalling a possible 10 per cent tariff increase if violations are substantiated, creating fresh trade tensions.
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Malaysia is developing measures to ban imports produced through forced labour, establishing an inter-agency task force to meet international standards and avoid threatened US tariffs after July 24.
Malaysia's Higher Education Ministry is reshaping university research strategy to prioritise commercialisation and industry application, moving away from traditional publication-focused approaches.
Bangladesh Prime Minister Tarique Rahman has extended an invitation to Malaysian companies to explore investment prospects, positioning the country's strengthening business environment as an attractive destination for regional capital.
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Selangor will implement assessment tax reductions for homeowners adopting green technologies including solar systems, energy-efficient appliances, and electric vehicles, effective July 1 under its Resilience Strengthening Package Phase 2.
Selangor has finalised all land arrangements for Port Klang's third terminal on Pulau Carey since December, involving over 1,700 hectares. However, the project awaits federal government approval on ownership structure and jurisdiction.
Malaysia's reduction of subsidised diesel to RM2.10 per litre from July exemplifies the MADANI Government's economic reform strategy, leveraging MyKad verification to ensure subsidies reach eligible citizens while combating fuel leakages and smuggling.
Prime Minister Datuk Seri Anwar Ibrahim has revealed that Johor received RM16 billion in federal allocations over three years despite contributing only RM14 billion in revenue, demonstrating the government's commitment to equitable regional development.
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Malaysia's Human Resources Ministry commits to enhancing governance of Bangladesh worker recruitment through a new Joint Working Group, aiming to ensure transparent and ethical hiring practices that benefit both nations.
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Bangladesh has signalled ambitions to deepen regional integration by pursuing ASEAN Sectoral Dialogue Partner status and joining the RCEP trade bloc, while cementing bilateral relations with Malaysia through cultural and security cooperation pacts.
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Malaysia and Bangladesh are poised to strengthen cooperation beyond traditional agriculture into artificial intelligence, semiconductors, and renewable energy, marking a strategic shift in their bilateral relationship.
Malaysia's Parliament opened its second meeting today with lawmakers raising concerns over Strait of Hormuz trade disruptions threatening local industries, alongside questions on artificial intelligence governance and Middle East conflict impacts.
The Ministry of Entrepreneur Development and Cooperatives has approved nearly RM100 million in financing for more than 4,300 entrepreneurs in Melaka, strengthening the state's MSME sector and supporting broader economic growth across Malaysia.
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Sarawak's troubled Tambirat Waterfront project appears headed for litigation after Phase One stalled, threatening Phase Two development and a scheduled regatta, according to state officials.
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Prime Minister Datuk Seri Anwar Ibrahim's recent diplomatic missions to Russia and Turkmenistan have yielded significant energy supply agreements, strengthening Malaysia's long-term fuel security and advancing the nation's broader BRICS partnership objectives.
Malaysia's TEKUN Nasional plans to approve microfinance loans below RM20,000 within 24 hours, launching a pilot within two to three months. The initiative aims to accelerate working capital access for struggling small businesses.
Penang Chinese Town Hall recorded RM12.61 million in revenue for 2025 with a modest surplus, while announcing plans for a regional AI cooperation forum and facility upgrades.
Prime Minister Anwar Ibrahim has signalled optimism over talks between state-owned Petronas and Sarawak's Petros, indicating both parties are narrowing differences on a critical energy partnership.
Malaysia's near-term inflation trajectory appears stable, yet economists caution the economy remains susceptible to sudden swings in global commodity costs and currency fluctuations.
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The Malaysian government has announced a reduction in subsidised diesel prices to RM2.10 per litre from July 2026, offering significant savings to small business owners and workers who depend on fuel for their livelihoods.
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The Rim state constituency in Melaka is using community tourism and traditional industries to boost rural incomes. Initiatives include an annual mountain bike event and partnerships with educational institutions and government agencies supporting local entrepreneurs.
Prime Minister Anwar Ibrahim has announced that subsidised diesel prices will drop to RM2.10 per litre starting July 2026, implementing a targeted subsidy system verified through MyKad identification.
Malaysia's Ministry of Housing and Local Government will establish a task force to modernise the Certificate of Completion and Compliance framework, aiming to reduce bureaucracy, enhance digital integration, and support sustainable urbanisation across the country.
Prime Minister Anwar Ibrahim's rapid diplomatic tour to Central Asia and Russia demonstrates Malaysia's evolving strategy to build diverse economic partnerships in response to shifting global trade dynamics and geopolitical competition.
Malaysia's government has channelled RM9.8 billion through major financial institutions to boost microfinance availability for small traders and hawkers, ensuring grassroots entrepreneurs gain sustainable capital support.
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Takaful IKHLAS, a subsidiary of MNRB Holdings, has distributed sacrificial meat to over 100 asnaf recipients in Seremban as part of its Kasih Korban Programme, channelling RM59,500 in contributions.
Prime Minister Anwar Ibrahim has highlighted how Petronas's expanded presence in Turkmenistan positions Malaysia to access some of the world's largest untapped gas reserves, boosting the nation's influence in global energy networks.
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More than 70 prestigious awards were presented at the ASEAN Property Developers Awards 2025/2026 and Top Quality Brand Awards 2025/2026 ceremony in Kuala Lumpur, honouring outstanding developers and brands across Southeast Asia.
Vladimir Putin has assured Malaysia of uninterrupted oil and gas deliveries over the next 20 years, Prime Minister Anwar Ibrahim announced following diplomatic talks. The commitment comes as Malaysia pursues broader trade opportunities with key regional economies.
Malaysia faces a RM2.77 billion property overhang with 14,201 completed residential units unsold, signalling a fundamental mismatch between what developers build and what middle-income households can afford.
Malaysia's Southern Shuttle service will temporarily operate diesel trains to avoid further delays to Johor residents, Transport Minister Anthony Loke confirmed, with new Electric Multiple Unit trains expected within two to three years.
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A total of 13,425 employers across Johor have enrolled in the HRD Corp ecosystem, directly impacting nearly 480,000 workers through skills development programmes and generating RM208 million in levy collections.
Malaysia's biennial agricultural showcase MAHA 2026 will mark a milestone by welcoming international exhibitors from seven countries, enhancing networking opportunities and introducing cutting-edge farming technologies to local participants and visitors.
Prime Minister Datuk Seri Anwar Ibrahim has signalled Malaysia's strategic pivot toward advanced manufacturing, semiconductors, and AI technologies, marking a significant departure from traditional economic models.
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Telekom Malaysia has become the strategic partner of Tabung Kasih@HAWANA, pledging RM500,000 to support welfare assistance for media practitioners nationwide, as the sector grapples with declining advertising revenues.
Prime Minister Anwar Ibrahim has highlighted Turkmenistan's award of two major gas fields to Petronas as a crucial breakthrough for Malaysia's energy independence and long-term economic stability.
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Malaysia's media sector has welcomed Prime Minister Anwar Ibrahim's RM1 million allocation for the Tabung Kasih@HAWANA welfare fund and continuation of the Media Innovation Fund, with industry leaders citing crucial support for journalist welfare and sector modernisation.
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Malaysia and Thailand are engaged in high-level negotiations to resolve a temporary suspension on five shrimp species imports. Both nations are working to balance biosecurity requirements with trade interests, with assessments of Thai compliance ongoing.
Prime Minister Anwar Ibrahim has committed RM1 million to Tabung Kasih@Hawana 2026, signalling renewed government backing for journalist welfare schemes and broader media sector reforms.
Prime Minister Anwar Ibrahim has revealed major energy cooperation agreements with Russia and Turkmenistan that will guarantee Malaysia's fuel security for decades, with long-term supply contracts and access to vast gas reserves.
Penang is pursuing closer collaboration with Hungary across higher education, technological innovation, water management and green initiatives, following high-level discussions between state leadership and a Hungarian diplomatic delegation.
Prime Minister Anwar Ibrahim has characterised Petronas's acquisition of a stake in one of the world's largest gas fields in Turkmenistan as validation of Malaysia's international reputation for stability and economic competence.
Prime Minister Anwar Ibrahim has highlighted Malaysia's diplomatic flexibility and non-aligned stance as key factors in securing investor confidence and promoting economic expansion across the region.
Malaysia's e-invoicing system has prompted 52,540 taxpayers to declare RM4.07 billion in previously unreported income, with over 230,000 businesses now enrolled since August 2024.
Malaysia and Turkmenistan have committed to strengthening cooperation across energy, trade, investment, transportation, education and technology, following Prime Minister Datuk Seri Anwar Ibrahim's official visit to the Central Asian nation.
AirAsia has launched a direct service between Jakarta and Kota Bharu, carrying 117 passengers on its inaugural flight. The route is expected to strengthen Kelantan's tourism sector and support the Visit Malaysia 2026 initiative.
One hundred eleven investors have initiated legal action against QEW Group Bhd and company directors, seeking recovery of RM20.45 million invested through the firm's Shariah-compliant investment programme.
Malaysia's competition regulator and statistics department have formalized cooperation through an MoU aimed at enhancing data sharing, economic analysis, and sector-wide monitoring to support fairer markets.
Malaysia's domestic trade ministry has dismantled a counterfeiting operation in Johor Bahru, confiscating RM600,000 worth of fake branded merchandise from three locations following a month-long investigation.
Communications Minister Datuk Fahmi Fadzil has briefed Sultan Nazrin Shah on the government's initiatives to enhance communication infrastructure development and service coverage across Perak, with particular attention to online safety concerns.
A US-Iran peace agreement could help stabilise global oil prices and ease shipping through the Strait of Hormuz, Malaysia's Finance Ministry says, though full market recovery may take several months.
Twenty selected entrepreneurs in Penang have received motorcycles and business training through a collaborative scheme between CIMB Islamic Bank, the Penang Islamic Religious Council, and several implementation partners, aimed at lifting asnaf groups out of poverty.
Prime Minister Anwar Ibrahim has overseen a landmark strategic partnership between Petronas and Turkmenistan, cementing three decades of energy sector collaboration and positioning Malaysia to tap into one of the world's largest natural gas reserves.
A collective of 111 investors has initiated legal proceedings at the High Court against QEW Group and its two directors, demanding restitution of RM20.5 million in capital they claim was not returned from an investment venture.
Kuala Lumpur City Hall has committed RM200 million to modernise 287 hawker centres under its Lestari Niaga @ Kuala Lumpur 2026 programme, directly supporting over 11,000 small traders with improved infrastructure and temporary financial assistance during upgrades.
MSCI has raised new concerns about Indonesia's market transparency, citing limited visibility in shareholdings and coordinated trading behaviour. The decision on whether to downgrade the country from emerging to frontier status could trigger up to $13 billion in outflows.
Business associations in Kelantan have flagged a growing problem where foreign entrepreneurs marry local women or establish partnerships to operate businesses under Malaysian names, circumventing regulatory oversight and creating unfair competition.
Prime Minister Anwar Ibrahim is concluding his official visit to Turkmenistan with strategic discussions aimed at strengthening economic and trade relations between Malaysia and the Central Asian nation.
Transport Minister Anthony Loke has indicated that the Port Klang 3 expansion project remains viable for construction commencement this year, contingent on resolving outstanding land disputes with Selangor state authorities.
The Port Klang Free Zone has generated RM108 million in revenue with 86% of its facilities reactivated, marking steady progress under Transport Minister Loke Siew Fook's recovery initiative.
Japan's updated Free and Open Indo-Pacific framework complements Malaysia's aspirations to establish itself as a premier regional digital hub, according to the Japanese Ambassador to Malaysia.
Prime Minister Anwar Ibrahim has indicated Malaysia will actively pursue settling foreign trade transactions in ringgit rather than relying on foreign currencies, drawing inspiration from China's bilateral payment arrangements.
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The Selangor State Government is resolving land ownership issues for Port Klang's third terminal on Carey Island, a key project to boost Malaysia's port and logistics capabilities using a Build-Operate-Transfer concession model.
The MACC has uncovered a coordinated fraud operation where company owners, agents, and accountants illegally exploited personal data to claim approximately RM9 million in government employment wage incentives.
Austrian semiconductor manufacturer AT&S has committed RM9.4 billion to expand operations in Kulim, signalling robust international investor confidence in Malaysia's governance framework and positioning as a regional technology hub.
Malaysia's government is still developing the framework for its proposed carbon tax, with Natural Resources Minister Datuk Seri Arthur Joseph Kurup indicating the measure will be implemented once timing and industry considerations are resolved.
Johor's new Shuttle Selatan service began operations connecting Kulai, JB Sentral and Pasir Gudang. Transport Minister Anthony Loke says the initiative will serve over two million residents and strengthen the state's transport infrastructure.
Kedah's Ministry of Domestic Trade and Cost of Living seized over 53 tonnes of wheat flour from an animal feed processing factory in Kuala Ketil, citing unauthorised storage without proper Supply Controller approval.
Malaysia's government-linked investment companies will increase their investment commitments to Bumiputera businesses to RM2 billion in 2026, up from RM1.3 billion the previous year, Prime Minister Anwar Ibrahim announced.
PERHEBAT and INSKEN have launched the PUVET ATM Master Class, an intensive three-month business coaching initiative targeting 180 military veterans. The program combines hands-on mentoring with certified trainers to build commercial competence and boost Bumiputera entrepreneurship in Malaysia.
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Prime Minister Anwar Ibrahim is visiting Russia to meet President Vladimir Putin, prioritizing discussions on oil and diesel supply continuity for Malaysia amid geopolitical tensions affecting regional energy security.
Prime Minister Datuk Seri Anwar Ibrahim has emphasised that Malaysia's economic progress must benefit all Malaysians, particularly rural communities and grassroots populations, not just large-scale projects.