It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.

The Week Ahead: Malaysia’s 1Q GDP, US CPI data in focus

Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of tariffs expected to be announced by the US.

Soyoil jumps on bets US tariffs to include Chinese cooking oil

No major app developers have signed up to use outside payment options that Apple Inc introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.

Apple says no major app developers accept new outside payments

A total of 18 polling centres with 74 voting streams for the Kuala Kubu Baharu state by-election opened simultaneously at 8am on Saturday.

Eighteen polling centres open at 8am for Kuala Kubu Baharu by-election

A rally in global equity markets lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US economic growth.

Global stocks rally, Europe at record highs, dollar gains

Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.

PM urges Sime Darby Plantation to pioneer less reliance on foreign labour

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

Awantec, InNature, Paramount, Eco World International, Mi Technovation, MAA, KNM, Pharmaniaga, Jiankun, Nova MSC, Sarawak Cable

Jiankun International Bhd (KL:JIANKUN) has redesignated its president Datuk Saiful Nizam Mohd Yusoff as non-independent and non-executive chairman, effective Friday.

Jiankun redesignates Zahid’s son-in-law Saiful Nizam as chairman 

KUALA LUMPUR (May 10): Bursa Malaysia Bhd expects strong equities market performance in 2024, attributed to positive news on foreign direct investment (FDI), notably Microsoft’s US$2.2 billion investment in a cloud and AI hub.

Bursa sees equities market strengthening in 2024 on FDI inflows; optimistic of hitting IPO targets

Sarawak Cable Bhd says it has identified "a strong alternative party" who is interested in spearheading a resuscitation plan for the group, after its plan to regularise its financials with the help of UK-based Serendib Capital Ltd fell through.

Sarawak Cable says it has 'strong' backup after losing Serendib Capital as white knight

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

Prime Minister Datuk Seri Anwar Ibrahim has urged Sime Darby Plantation Bhd (KL:SIMEPLT) to be a supporter and pioneer of the government's efforts to reduce dependency on foreign labour in the plantation sector.

A rally in&nbsp;global&nbsp;equity&nbsp;markets&nbsp;lifted stocks in Europe to record highs on Friday amid strong corporate earnings and hopes central bank interest rate cuts are near, while the dollar edged higher despite signs of slowing US&nbsp;economic growth.

It will be an eventful week for economic observers both locally and globally, as Bank Negara Malaysia is set to announce growth figures in the first quarter of 2024 (1Q2024) on May 17, while the US Bureau of Labour Statistics will release the consumer price index (CPI) for April on May 15.

A total of&nbsp;18 polling centres with 74 voting streams for the Kuala Kubu Baharu&nbsp;state by-election opened simultaneously at&nbsp;8am on Saturday.

No major app developers have signed up to use outside payment options that Apple Inc&nbsp;introduced earlier this year for its App Store because the fees they pay would be at least as high as they were before, according to testimony presented to a federal judge.

Soybean oil futures surged by the most since July as traders bet that Chinese used cooking oil may be included on the list of&nbsp;tariffs&nbsp;expected to be announced by the US.

KUALA LUMPUR (Jan 27): The Ministry of Defence (Mindef) today clarified that Beting Patinggi Ali belongs to Malaysia and that the ministry has never recognised any claim by any party as the area is located in the Exclusive Economic Zone (EEZ) of Malaysia.

In a statement on Fri...

Beting Pattingi Ali belongs to Malaysia — Mindef

The Land Public Transport Agency (APAD) will recommend to Kuala Lumpur mayor Datuk Seri Mahadi Che Ngah that development and restricted activities in the railway protection zone be suspended immediately following disruption on the Ampang Light Rail Transit (LRT) line service on Friday (Jan 27) morning.

LRT disruption: Land Public Transport Agency recommends suspension of activities at areas involved

The Light Rail Transit (LRT) service for the Ampang Line is experiencing delays due to a kinked track alignment near the Bandaraya LRT Station.

Ampang LRT Line service delayed due to safety factors, says Rapid Rail

NEW YORK (Jan 27): Oil prices advanced on Thursday, bolstered by positive sentiment, reported Xinhua.

The West Texas Intermediate (WTI) for March delivery gained 86 cents, or 1.07%, to settle at US$81.01 a barrel on the New York Mercantile Exchange. Brent crude for March delive...

Oil prices rise amid positive sentiment

NEW YORK (Jan 27): The US dollar rose in late trading on Thursday as market participants digested a slew of economic data, reported Xinhua.

The dollar index, which measures the greenback against six major peers, increased 0.19% to 101.8360.

In late New York trading, t...

US dollar strengthens amid economic data; gold falls

Dental officers and pharmacists hired on contract in 2016 and 2017 can apply for permanent posts through the Public Services Commission Employment Registration System (SPA9 System) from Jan 30 to Feb 12, according to the Ministry of Health (MOH).

Dentists, pharmacists hired on contract in 2016, 2017 can apply for permanent posts from Jan 30, says MOH

Continuous rain is expected to occur over Kelantan, Terengganu, Pahang and Johor from Friday (Jan 27) to Monday.

According to the Malaysian Meteorological Department’s alert issued at 9am on Friday, continuous heavy rain in the severe category is expected to occur in Tumpat, Pasir Mas, Kota Bharu, Tanah Merah, Bachok, Machang and Pasir Puteh in Kelantan, and the whole of Terengganu.

Continuous rain expected in Johor, East Coast states until Monday

A total of 12,090 flood evacuees were at 84 relief centres in four states as at 8am on Friday (Jan 27).

In Sabah, the State Disaster Management Committee secretariat said that the number of evacuees in the state had increased to 6,843 from 2,412 families, compared with 6,394 from 2,281 families on Thursday night, and all of them were being housed at 29 relief centres in five districts.

Over 12,000 flood evacuees at relief centres in four states

Malaysia’s total trade in December 2022 amounted to RM236.0 billion, an increase of 8.6% year-on-year (y-o-y), with exports rising 6.0% to RM131.9 billion, while imports rose 12.0% to RM104.1 billion, said the Department of Statistics Malaysia (DOSM) on Friday (Jan 27).

Malaysia's total trade up 8.6% y-o-y to RM236b in December — DOSM

Bursa Malaysia rebounded from two days of losses to open higher on Friday, taking the cue from the strong performance on Wall Street overnight.

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