The Edge Malaysia

09/02/2025

(City & Country) OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), shares its plans for 2025 in the cover story for the Feb 10 issue of City & Country.

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), shares its plans for 2025 in the cover story for the Feb 10 issue of City & Country.

09/02/2025

(Options) Making a difference is all about perseverance and passion. Datuk Seri Nazir Ariff, founder of the Children’s Protection Society, a social welfare organisation and temporary shelter for neglected and abused children, is a prime example of lifelong dedication, never losing sight of the grand picture despite the daunting nature of his work.

Making a difference is all about perseverance and passion. Datuk Seri Nazir Ariff, founder of the Children’s Protection Society, a social welfare organisation and temporary shelter for neglected and abused children, is a prime example of lifelong dedication, never losing sight of the grand picture...

08/02/2025

Sensitive personal data — such as identification card copies, financial records and home addresses — remain exposed on government websites due to weak cybersecurity practices.

Many agencies store such information without proper authentication, making it easily accessible through simple online searches. This raises serious privacy concerns, especially since government entities are exempt from the Personal Data Protection Act, which applies only to private organisations.

The situation underscores the urgent need for a stronger cybersecurity framework, better enforcement and proactive risk management. Traditional cybersecurity measures like firewalls are no longer sufficient to counter evolving threats, particularly as outdated systems, poor access controls and a lack of cybersecurity awareness continue to expose public data to risks.

In response, Malaysia has introduced the Cyber Security Act 2024 and the Data Sharing Bill to mitigate these vulnerabilities. The Cyber Security Act classifies certain agencies as National Critical Information Infrastructure entities, requiring them to conduct security audits and adhere to cybersecurity standards.

However, government bodies remain exempt from key penalties.

Meanwhile, the Data Sharing Bill imposes fines and prison terms on officers who misuse or improperly disclose shared data.

To understand the impact of these new regulations and the broader challenges in securing personal data, The Edge speaks with government officials, cybersecurity experts and legal professionals.

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08/02/2025

President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries by Monday or Tuesday of next week, a major escalation of his offensive to tear up and reshape global trade relationships in the US' favour. - Reuters

President Donald Trump said on Friday he plans to announce reciprocal tariffs on many countries by Monday or Tuesday of next week, a major escalation of his offensive to tear up and reshape global trade relationships in the US' favour.

08/02/2025

(Edge Weekly) Sensitive personal data — such as identification card copies, financial records and home addresses — remain exposed on government websites due to weak cybersecurity practices. In response, Malaysia has introduced the Cyber Security Act 2024 and the Data Sharing Bill to mitigate these vulnerabilities. To understand the impact of these new regulations and the broader challenges in securing personal data, The Edge speaks with government officials, cybersecurity experts and legal professionals. Read the story in Digital Edge, a pullout on technology that comes with The Edge Malaysia weekly.

This issue of The Edge Malaysia weekly features two special reports. The first is on Malaysia Airlines, which is expected to fall back into the red for its financial year ended Dec 31, 2024. The second special report focuses on economic inequality, more specifically the trade-off between economic prosperity and economic equality in the weekly column Tong’s Portfolio.

Sensitive personal data — such as identification card copies, financial records and home addresses — remain exposed on government websites due to weak cybersecurity practices.

07/02/2025

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

KUALA LUMPUR (Feb 7): Here is a brief recap of some business news and corporate announcements that made the headlines on Friday: NPC Resources Bhd’s (KL:NPC) co-founder Datuk Loo Pang Kee has formally launched his bid to privatise the Sabah-based palm oil producer. Loo,...

07/02/2025

What are the fiscal situations of the state governments, and which is running the biggest fiscal deficits? The Edge’s deputy editor Esther Lee shares some insights.

07/02/2025

In today’s edition of Evening 5:

• Petronas right-sizing workforce to face evolving challenges
• Inari surges on as investors bet on Broadcom news
• YNH says sale of AEON Mall Seri Manjung needs shareholder approval
• Theta Edge to raise RM46 mil via new share issuance
• Proton Tanjung Malim EV plant creates 3,000 jobs

Thank you for your continuous support for Evening 5. We will be coming to you with a brand new look on Monday so keep watching this space.

07/02/2025

“This is not a retrenchment; it is a right-sizing workforce exercise,” Muhammad Taufik said in a media briefing on the planned exercise on Friday.

“The rationale to do this is to ensure the survival of Petronas in the coming decades. If we don’t do it now, there will be no Petronas in 10 years,” Muhammad Taufik said.

However, there is no specific number of jobs that will be affected by the move, as the new structure will only be out in the second half of the year, he added.

Read the full story at the link in bio.

07/02/2025

(Highlight) Petroliam Nasional Bhd (Petronas) intends to right-size its workforce in view of an evolving and increasingly challenging global operating environment, said its president and group CEO Tan Sri Tengku Muhammad Taufik.

Petroliam Nasional Bhd (Petronas) intends to right-size its workforce in view of an evolving and increasingly challenging global operating environment, said its president and group CEO Tengku Tan Sri Muhammad Taufik.

07/02/2025

A summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

07/02/2025

(Highlight) The government has appointed three new companies to provide inspection services and operate a motor vehicle inspection centre under the first phase, said Transport Minister Anthony Loke Siew F**k. - Bernama

The government has appointed three new companies to provide inspection services and operate a motor vehicle inspection centre under the first phase, said Transport Minister Anthony Loke Siew F**k.

07/02/2025

The US Department of Justice has closed its elite anti-corruption unit famous for prosecuting the 1MDB scandal, according to investigative journalist Bradley Hope.

07/02/2025

(Highlight) Malaysia’s international reserves rose by US$900 million at the end of January from two weeks earlier, according to Bank Negara Malaysia (BNM).

KUALA LUMPUR (Feb 7): Malaysia’s international reserves rose by US$900 million at the end of January from two weeks earlier, according to Bank Negara Malaysia (BNM).

07/02/2025

The stock has rallied 12% this week, after the company said it will release two new products — a high-end SU7 Ultra vehicle and 15 Ultra phone — by month end. Its existing smartphones also got a boost from China’s increased consumer subsidies.

HSBC Holdings plc analyst Frank He raised forecasts for the company’s smartphone shipments by 2% in 2025, and by 3% for 2026. The subsidy programme’s inclusion of wearable devices is another near-term driver for Xiaomi’s growth, he wrote in a note, adding that the company may also benefit from rapidly declining artificial intelligence (AI) costs, triggered by the launch of AI model DeepSeek R-1.

“Given Xiaomi owns one of the most well-established AIoT device platforms worldwide, we are more positive on its growth outlook,” he said.

Read the full story by Bloomberg at the link in bio.

07/02/2025

(ESG) The Ministry of Energy Transition and Water Transformation (Petra) is set to introduce the Community Renewable Energy Aggregation Mechanism (CREAM), an initiative that enables the aggregation of residential rooftop space for renewable energy (RE) generation, supplying green electricity to local users. - Bernama

PUTRAJAYA (Feb 7): The Ministry of Energy Transition and Water Transformation (Petra) is set to introduce the Community Renewable Energy Aggregation Mechanism (CREAM), an initiative that enables the aggregation of residential rooftop space for renewable energy (RE) generation, supplying green electr...

07/02/2025

(Tech) Proton Holdings Bhd’s electric vehicle (EV) assembly plant in Tanjung Malim will mark a new chapter in strengthening the development of the Automotive High Technology Valley (AHTV), said Perak Menteri Besar Datuk Seri Saarani Mohamad. - Bernama

TANJUNG MALIM (Feb 7): Proton Holdings Bhd’s electric vehicle (EV) assembly plant in Tanjung Malim will mark a new chapter in strengthening the development of the Automotive High Technology Valley (AHTV), said Perak Menteri Besar Datuk Seri Saarani Mohamad.

07/02/2025

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said that Malaysia does not want any party to exploit its position as a semiconductor and regional logistics hub for illegal activities.

“We firmly adhere to export control regulations under the Strategic Trade Act, which governs the export, transit, and transhipment of strategic goods, including semiconductors.

“Malaysia’s policy aligns with control measures implemented by the US, the European Union (EU), and the UK,” he said during an interview on Bernama TV’s Ruang Bicara Aspirasi Ekonomi programme on Wednesday.

Read the full story by Bernama at the link in bio.