BusinessToday's Trending Stories
Proton Commerce Aims To Be National Car’s Number One Financier
Proton Commerce Sdn Bhd, the financing arm of Proton, is eyeing an even higher number of loan disbursements in 2024 as it strives to be the number one financier of the national carmaker’s vehicles.
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Penang Faces Scheduled Water Disruption As PBAPP Initiates Urgent Pipeline Diversion
In a bid to address a significant water supply challenge, the Penang Water Supply Corporation (PBAPP) has announced a scheduled water supply interruption (SWSI) for the south-west district of Penang island. PBAPP Chairman, Chow Kon Yeow, shared that the disruption, initially slated for 11.30pm tonight, has been rescheduled to start at the same time tomorrow night, following public feedback requesting additional time for water storage.
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China Evergrande Ordered To Liquidate, Owing About RM1.3 Trillion
After adjourning Evergrande’s hearing several times, the Hong Kong court finally made a ruling on Monday (Jan 29) stating “A liquidation order was issued for the world’s most indebted real estate company.”
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Daim Enters Not Guilty Plea On Charges Of Failure To Declare Assets To MACC, Claims Trial
Former finance minister Tun Daim Zainuddin was charged today (Jan 29) with not declaring his assets to the Malaysian Anti-Corruption Commission (MACC) in the Sessions Court, in Kuala Lunpur.
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MTEC Ace Market Debut Fizzles Out As Offer Ends Flat
Master TEC Group Bhd’s Group (MTEC, 0295) made its debut on the Bursa Malaysia’s ACE Market today (Jan 29), opening at 39 sen, the same as its initial public offering (IPO) price.
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Daim In Court, May Face Charges On Failure To Disclose Assets
Former finance minister Tun Daim Zainuddin has arrived at the Kuala Lumpur Courts Complex to face charges against him with his wife Toh Puan Na’imah Abdul Khalid, and his children.
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Concerns Rise Over Boeing’s Installation Of Malaysian-Made Door Plug On Alaska Airlines’ B737 MAX 9
In a shocking turn of events, Alaska Airlines’ Boeing B737 MAX 9 is under investigation after a fuselage panel blew off mid-flight. Sources reveal that the National Transportation Safety Board (NTSB) is looking into allegations that the panel, made in Malaysia, was improperly installed by Boeing mechanics at its Renton, Washington, factory.
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U.S Futures Fall; Microsoft Leads Huge Wave Of Tech Earnings
Dow Jones futures fell slightly Sunday evening, along with S&P 500 futures and Nasdaq futures, heading into a huge week for earnings economic news.
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Oil Jumps After Separate Attacks Escalate Middle East Tensions
Oil jumped after separate attacks by Iran-backed militants that killed US troops in Jordan and hit a tanker in the Red Sea, a marked escalation of tensions in the region key to energy production and global trade.
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Singapore Shares Tipped To Remain Rangebound
The Singapore stock market has moved higher in two of three trading days since the end of the two-day losing streak in which it had slipped more than 15 points or 0.4 percent. The Straits Times Index now sits just beneath the 3,160-point plateau and it’s expected to see little movement again on Monday.
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