The main focus this week will be the US Federal Open Market Committee (FOMC) meeting on July 30 and 31.

The Week Ahead: FOMC meeting in focus, US Democratic presidential candidate could be announced

SARAWAK expects to formalise a deal to raise its stake in Affin Bank Bhd to about 30% in about a month, according to the state’s premier Tan Sri Abang Johari Openg.

In an exclusive interview with The Edge in Kuala Lumpur last Friday (July 19), Abang Johari said the state is committed to...

Premier: Sarawak expects to ink S&P on Affin Bank deal in a month

The South Bank of the River Thames is dotted with vibrant art and cultural venues. Located along this bank is Bankside Yards, a mixed-use development that aims to reinvigorate a large site that was previously inaccessible, between the Blackfriars Bridge and the iconic Tate Modern art museum.
...

Reinvigorating London’s South Bank

The urgency of climate change is becoming increasingly apparent, with Malaysia experiencing more frequent and intense weather-related disasters, food insecurity and water scarcity. The effects of climate change are accelerating faster than predicted. Certainly, there is a need for an emergency re...

Trust In Resilience: Accelerating carbon capture adoption in Malaysia

Spain celebrated; England wept. But contrasting emotions at the end of the European Championships were not confined to one nation’s swift reclamation of the podium and the other’s perennial pain. The tournament’s joyous return to party mood after the pandemic was a welcome distraction from politi...

Business Of Sports: Football is becoming more of an entertainment than a sport

The world is highly connected and the supply of goods criss-crosses the globe via logistical planning like clockwork. But world events have thrown a spanner in the works, causing supply-chain disruptions that have a great impact on economies. With China — a key manufacturer — mired in the ongoing...

Manufacturing opportunities for Malaysia

This monthly report is compiled and briefly summarised by a group of lawyers on a voluntary basis for the benefit of readers of The Edge. 

Please consult your own lawyers if you need advice on the cases, issues and related matters highlighted here. 

 

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The Edge Court Judgments Report

IJM Corp Bhd’s (KL:IJM) share price has gained close to 85% so far this year, hitting a multi-year high of RM3.47 in intraday trading most recently on July 3.

The strong gain in IJM’s stock has fuelled talk that something is brewing at its highway concession operations, specifically who...

Cover Story: IJM to grow, unlock value in toll road concessions

ALLIANCE Steel (M) Sdn Bhd — a joint venture between China’s Guangxi Beibu Gulf Port International Group and Guangxi Shenglong Metallurgical — is undertaking a US$1.8 billion (RM8.41 billion) expansion, increasing its steel production capacity to 10 million tonnes a year from the existing 3.5 mil...

Cover Story: Kuantan Port to benefit from Malaysia-China bilateral ties

HAVING adopted an open layout, the refreshed interior of IJM Corp Bhd’s (KL:IJM) head office represents an openness to new ideas and a willingness to collaborate. However, the makeover of Wisma IJM in Petaling Jaya New Town is not the only thing that the construction giant’s group CEO and managin...

Cover Story: Charting IJM Corp’s next growth phase

In the wake of the Great Recession of 2008-2009, practically everyone seemed convinced that China’s economy would surpass that of the US by 2030. Today, China is facing a range of crises that could spell doom for its economic “miracle”. In an effort to get back on track — and strengthen its strat...

The New Global Economy: The US needs a techno-industrial strategy

Toh Kin Woon. Malaysia’s New Economic Policy in Its First Decade: The Role of the State in Economic Development, 1971-1980. SIRD, Petaling Jaya, 2024.

 

Datuk Toh Kin Woon’s book analyses the changing government role in Malaysi...

My Say: Razak’s policy legacy in the nation’s history

THE US stock barometer, the S&P 500 index, raced past the 5,600 mark this past week as Wall Street’s bull run gathered momentum. On July 10, the index was up 18.8% year to date and up just over 60%, inclusive of dividends, since it bottomed in late October 2022. The Nasdaq Composite Index has...

Tech: Why the sentiment for once-hot fintechs has changed

PENANG has had a successful industrialisation journey over the past 50 years. During this time, its semiconductor and electrical and electronics (E&E) sectors have transformed from being labour-intensive and low-value-added industries into a powerhouse known as the Silicon Valley of the East....

Penang is not short of FDI, but resources 

All social media and internet messaging services with at least eight million registered users in Malaysia must apply for a Class License for Application Service Providers, according to the Malaysian Communications and Multimedia Commission (MCMC).

MCMC: Social media, internet messaging services must be licensed

The US Department of Justice (DOJ) asked a federal appeals court late on Friday to uphold an April law requiring China-based ByteDance to sell TikTok's US assets by Jan 19 or face a ban.

US DOJ asks court to reject TikTok challenge to crackdown law

The first-ever joint declaration by Group of 20 (G20) finance leaders vowing to cooperate on effectively taxing the world's largest fortunes on Friday papered over deeper disagreement about the right forum to advance the agenda.

G20 agrees to tackle taxation of the super-rich, but forum not yet decided

China’s manufacturing capacity is helping the world fight climate change and contain inflation, said Vice Finance Minister Liao Min, pushing back against US Treasury Secretary Janet Yellen’s latest criticism of the nation’s industrial excess.

China defends manufacturing push, says world needs more EVs

Australia said on Saturday it had signed a A$2.2 billion (US$1.4 billion or RM6.71 billion) four-year contract with state-owned submarine builder ASC to upgrade the navy's Collins class submarines.

Australia signs US$1.4b deal to upgrade navy submarines

Chinese Foreign Minister Wang Yi accused the Philippine government of repeatedly breaking a consensus over their intensifying dispute in the South China Sea.

China’s foreign minister blasts Philippines over South China Sea tension

With inflation cooling and unemployment rising in the United States, investors are betting that the Federal Reserve will cut interest rates. At the time of this writing, market prices imply a less than 2% chance that the Fed will not reduce rates at its policy-setting meeting in September, and ev...

The Policy Puzzle: The Fed Should Not Cut Interest Rates Yet

China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery.

China's industrial profits post faster gains in June despite faltering economy

US Treasury Secretary Janet Yellen firmly rejected an accusation from the economist Nouriel Roubini that her department has manipulated the issuance of Treasury securities in a way that lowers real borrowing costs across the economy.

Yellen rejects Roubini claim of ‘manipulation’ in Treasuries

US Treasury Secretary Janet Yellen said on Friday that she opposes shifting global tax deal negotiations away from the Organisation for Economic Cooperation and Development (OECD) to the United Nations (UN), pushing back against the desires of some developing countries and non-profit groups.

Keep global tax negotiations at OECD, not UN, Yellen says

Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).

In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).

A major win in Sarawak’s bid to reclaim rights

For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.

World-lagging Thai stocks see investors moving money into regional rivals

The main focus this week will be the US Federal Open Market Committee (FOMC) meeting on July 30 and 31.

Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve (Fed) policy meeting and closely watched employment data in a week that could determine the near-term trajectory of US stocks following a bout of severe turbulence.

Spooked US stock market faces tech earnings minefield, Fed meeting