Systems secure following 'security vigilance' alert: HLIB
The firm noted that access to the online trading platform will be available soon. KUALA LUMPUR: Hong Leong Investment Bank Bhd (HLIB) says it has temporarily suspended outgoing trading online on March 11. In addition to our internal checks, an independent forensic review verified that our systems remained resilient throughout this period," HLIB added. The firm noted that access to the online trading platform will be available soon. The exchange also said the affected brokers had contained the incidents by immediately isolating the compromised components and activating their internal incident response protocols.
Source:New Strait Times
March 14, 2026 07:14 UTC
'What other people think doesn't concern me', says defiant Jun Hao [WATCH]
However, Jun Hao is choosing to focus on his own progress rather than outside opinions. "Yes, I do feel that," said Jun Hao when asked about his struggle for consistency. Jun Hao also stressed that adapting to opponents who alter their tactical approach during matches is another area he is continuing to learn. Jun Hao said he is currently focused on recovery and preparations for the Badminton Asia Championships (BAC) in Ningbo, China from April 7-12. "A good result will help me climb higher in the rankings too," said Jun Hao.
Source:New Strait Times
March 14, 2026 06:04 UTC
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DBKL announces 50% rental reduction for hawker sites until end-2027
KUALA LUMPUR (March 14): Kuala Lumpur City Hall (DBKL) on Saturday announced a 50% reduction in rental rates for hawker sites and selected premises under its supervision, effective from April 1 until Dec 31, 2027. Minister in the Prime Minister’s Department (Federal Territories) Hannah Yeoh said the initiative is expected to benefit more than 10,000 hawker sites and small business premises owned by DBKL in the federal capital. She said the move aims to help reduce operating cost pressures faced by hawkers and micro-traders, particularly amid rising living costs. Also present were Kuala Lumpur Mayor Datuk Fadlun Mak Ujud and Bandar Tun Razak Member of Parliament Datuk Seri Dr Wan Azizah Wan Ismail, wife of the prime minister. Meanwhile, Fadlun explained that the reduction involves an overall 50% cut, with the minimum rental rate set at RM50 per month.
Source:The Edge Markets
March 14, 2026 04:44 UTC
Panama minister hopes China's Cosco Shipping will resume operations at Balboa port
PANAMA CITY (March 14): Panama's government hopes China's Cosco Shipping will reconsider its decision not to use the Balboa port at the entrance of the Panama Canal, the country's minister for canal affairs, Jose Ramon Icaza, said on Friday. Earlier this week, local newspaper La Prensa published a notice from Cosco to clients saying it suspended operations at Balboa. Balboa is one of the two ports at the center of a year-long saga involving Washington, Beijing and the Panamanian government. When asked by reporters if Cosco's withdrawal from the Balboa port could be a pressure tactic on Panama, Icaza said: "I do not want to speculate." APM Terminals, a unit of Maersk, recently began temporarily operating the port for a period of up to 18 months.
Source:The Edge Markets
March 14, 2026 04:14 UTC
BP wins nod for first new Gulf project since worst oil spill in US history
BP’s deepwater Kaskida project is scheduled to start crude production in 2029. BP’s return to large-scale Gulf of Mexico development has been gradual since the April 2010 eruption of the Macondo well that killed 11 workers and destroyed Transocean Ltd’s Deepwater Horizon floating rig. Although the British oil major was cleared to resume bidding on federal offshore drilling leases in early 2014, Kaskida represents BP’s first full-blown new project development in the region in almost 16 years. “Kaskida is a world-class project that reflects decades of technological innovation by BP and the offshore oil and gas industry,” a company spokesperson wrote in an email. The Deepwater Horizon, which still rests at the bottom of the Gulf, was under lease by BP at the time of the Macondo disaster.
Source:The Edge Markets
March 14, 2026 03:54 UTC
Meta planning sweeping lay-offs as AI costs mount — Reuters
NEW YORK/SAN FRANCISCO (March 13): Meta is planning sweeping lay-offs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence (AI) infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. Top executives have recently signalled the plans to other senior leaders at Meta and told them to begin planning how to pare back, two of the people said. "This is speculative reporting about theoretical approaches," Meta spokesperson Andy Stone said in response to questions about the plan. Zuckerberg focusing on generative AIOver the last year, chief executive officer Mark Zuckerberg has been pushing Meta to compete more forcefully in generative AI. Meta is also spending at least US$2 billion to buy Chinese AI start-up Manus, Reuters previously reported.
Source:The Edge Markets
March 14, 2026 03:14 UTC
US to receive US$10 bil fee for TikTok deal, WSJ reports
A federal law required TikTok to either be shut down in the US or sold to domestic owners at the beginning of US President Donald Trump’s second term. The White House did not immediately respond to a request for comments, but Trump had previously alluded to such a fee. The new entity — known as TikTok USDS Joint Venture LLC — will be responsible for moderating content on TikTok and protecting the data of US users. TikTok chief executive officer Shou Chew — who will continue running ByteDance’s most valuable asset globally — will have a seat on the board. Adam Presser, who was TikTok’s head of operations, trust and safety, will helm the US venture as its CEO.
Source:The Edge Markets
March 14, 2026 02:58 UTC
Arbeloa 'confident' Mbappe fit for Man City trip in Champions League
Real Madrid's French forward Kylian Mbappe (TOP C) watches the match against Man City from the stands at Santiago Bernabeu stadium in Madrid. -AFP PICMADRID: Real Madrid coach Alvaro Arbeloa said Friday he was "confident" that Kylian Mbappe will be available to face Manchester City in the second leg of their Champions League last 16 tie. "He won't be there tomorrow (Saturday, in La Liga against Elche), but I'm confident he'll be on the trip to Manchester." With Mbappe sidelined by a knee injury and several other key players missing, Real thrashed City 3-0 in the first leg at the Bernabeu on Wednesday, thanks to a hat-trick from Federico Valverde. City host the second leg next Tuesday and risk being knocked out of Europe by Madrid for the third season in a row.
Source:New Strait Times
March 14, 2026 02:33 UTC
Who should be M'sia's third doubles? Goh-Izzuddin, Aaron-Khai Xing or others?
PETALING JAYA: It is a good headache for Herry Iman Pierngadi as he looks to naming the third men's doubles pair for the Thomas Cup Finals. Sze Fei-Izzuddin were invited to strengthen the national squad because of their consistent podium finishes and past titles. Competition for Thomas Cup spots has intensified, with pairs like Aaron Tai-Kang Khai Xing making a mark by defeating some big names. What’s certain for now is Aaron Chia-Soh Wooi Yik and Man Wei Chong-Tee Kai Wun are going. "If I were to choose, I would pick Aaron Chia-Soh Wooi Yik and Man-Tee because their ranking is good.
Source:The Star
March 14, 2026 02:30 UTC
Retiree loses RM2.2mil to fake investment scheme
The case is being investigated under Section 420 of the Penal Code for cheating. NSTP/FILE PICKUALA LUMPUR: A 66-year-old retiree lost more than RM2.26 million after falling victim to a fraudulent investment scheme. Wangsa Maju police chief Assistant Commissioner Mohamad Lazim Ismail said the victim was first introduced to the purported investment company by an agent in 2023. He said the victim was briefed on the scheme and promised 10 per cent dividends every three months. It was previously reported that the woman claimed the agent, who had been managing her family's investments, introduced her to a fake artificial intelligence-based scheme.
Source:New Strait Times
March 14, 2026 02:30 UTC
Diesel price hike expected to affect food production
GEORGE TOWN: Farmers and businesses that do not qualify for subsidised diesel are reeling from the 25.6% hike in diesel caused by supply disruptions in the Gulf countries. Malaysia’s fuel prices are updated every Wednesday evening and diesel went from RM3.12 per litre to RM3.92. As for transporters, Association of Malaysian Hauliers secretary Mohd Azuan Masud said those who qualify for the Subsidised Diesel Control System continued to get their monthly subsidised diesel quotas. But fish farmers are bracing for hikes in the price of fish feed. “Such a sharp rise in diesel price will definitely affect fish feed prices.
Source:The Star
March 14, 2026 02:26 UTC
Man found dead with stab wounds in Petaling Jaya
KUALA LUMPUR: A local man was found dead with stab wounds to the chest inside a shophouse unit in Petaling Jaya Friday (March 13) evening. Petaling Jaya OCPD Asst Comm Shamsudin Mamat said the 50-year-old victim was discovered by a man who found him lying unconscious and covered in blood before lodging a police report at 2.20pm. "Initial investigations indicate that the victim is believed to have died from a stab wound to the chest. ACP Shamsudin said the case is being investigated under Section 302 of the Penal Code for murder. Members of the public with information related to the incident are urged to come forward to the nearest police station or contact the Petaling Jaya District Police Headquarters (IPD) operations room at 03-79662222 to assist in the investigation.
Source:The Star
March 14, 2026 02:25 UTC
No oil for economic gears
SHOCKS to the global economy do happen from time to time, and it does seem that each iteration of a black swan event is a different bombshell to what has happened before. For us in Malaysia, the biggest black swan event was the Asian Financial Crisis. The stock market collapsed and so did the ringgit against the US dollar.
Source:The Star
March 14, 2026 02:23 UTC
Baker rises from hardship
PETALING JAYA: What began as a painful choice has since turned into a tale of faith, perseverance and triumph for Nurul Jannah Azizon. With no certainty on the future, Nurul Jannah, 39, poured her energy into a small home-based baking business. True to the belief that every hardship carries its own blessings, Nurul Jannah’s prayers to bear children was eventually answered with Nur Eshal Medina, six, and Hud Aydin, two. On average, she sells more than 500 jars of biscuits each month, with sales doubling during peak festive seasons. “This small kitchen is not just where I earn a living – it is where my dreams began.
Source:The Star
March 14, 2026 02:19 UTC
Protecting personal shoppers
She has been a personal shopper for about six years, helping Malaysian customers purchase items from the United Kingdom and arrange for the shipping to Malaysia. Eventually, she paid up.”Amal said she was well aware of the business risks faced by personal shoppers especially during big sales where items sell out quickly. “If there is an association to protect personal shoppers when disputes arise, I will fully support it. Personal shopper Nik Wan Nur Adlina Mahamahpoyi, 32, has had her share of problems. “For now, personal shoppers who face disputes such as harassment, fraud, or exploitation are advised to pursue their cases through the courts, as these matters fall outside consumer protection mechanisms.”The ministry said there are currently no specific guidelines for personal shoppers, so issues such as the establishment of an association or code of ethics have not been formally addressed.
Source:The Star
March 14, 2026 02:19 UTC