Court rejects bid by Albert Tei's lawyer to challenge MACC orders
KUALA LUMPUR: The High Court here has dismissed a leave application by lawyer Mahajoth Singh who is seeking to challenge two orders linked to his client Albert Tei that were issued to him by the Malaysian Anti-Corruption Commission (MACC). ALSO READ: High Court sets Jan 28 for judicial review decision of Albert Tei’s lawyer over MACC orders"As to the point that bad faith is demonstrated, because the issuance was in contravention of the law, I do not find it to be established. He sought an interim stay order from the High Court to restrain the MACC from enforcing the orders or taking any further action against him pending the full disposal of his judicial review application. Meanwhile, Mahajoth's lawyer N. Surendran told the press that they would be filing an appeal soon. In December, Tei was charged in court for graft alongside former senior political secretary to the prime minister, Datuk Seri Shamsul Iskandar Mohd Akin.
Source:The Star
January 30, 2026 14:50 UTC
Heart And Soul: Eight former classmates go on an epic road trip in China
The idea was born a year prior, a shared aspiration whispered in chat groups and solidified over virtual meetings: an unforgettable overland journey across the heart of China. Eight former classmates, now based in different cities in Malaysia, converged in Chengdu early November 2025 to tackle the legendary G318 highway to Lhasa. Our expedition leader, the meticulous Teh Song Lai, had orchestrated every detail, ensuring our dream of an epic road trip would become a reality. Eight former classmates converged in Chengdu in early November 2025 to tackle the legendary G318 highway to Lhasa. The G318 is a road of constant challenges, with countless overtaking manoeuvres on narrow mountain passes that were both thrilling and nerve-wracking.
Source:The Star
January 30, 2026 14:31 UTC
‘Cooking oil subsidy for citizens only’
KUALA LUMPUR: Regulations barring foreigners from purchasing subsidised packaged cooking oil are expected to take effect on March 1, says Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. Armizan said the Cooking Oil Price Stabilisation Scheme System (eCOSS), which digitally records data across the entire distribution chain, allows the government to effectively enforce the ban. Streamline access: Armizan (pic, below) says eCOSS will be integrated with the MyKasih platform, allowing purchases of subsidised packaged cooking oil via MyKad, similar to the Sumbangan Asas Rahmah programme. The system tracks purchases and transactions to curb long-standing leakages caused by diversion and smuggling of subsidised cooking oil. He said the QR code embedded in the newer MyKad could also serve as a verification mechanism for subsidised cooking oil purchases.
Source:The Star
January 30, 2026 14:31 UTC
Chin Chai: If juniors represent the state before, they stay eligible
Said Chin Chai: "To my understanding, the players who have been representing Putrajaya previously can continue to play for the state. A parent of one of the players denied entry in the tournament said that all 16 players have been representing Putrajaya for at least two years. "Out of the 16 players, 14 are schooling in Selangor, one in Kuala Lumpur and one more in Bukit Jalil Sports School (BJSS)," said the parent who wished to remain anonymous. "Only at the end of last year, BAM sent us a letter stipulating that the players must represent the state where they are schooling. The 16 players are now hoping that BAM will overturn the decision and allow them to compete in the tournament.
Source:The Star
January 30, 2026 14:30 UTC
Oil’s year of the glut begins with an unexpected price surge
Most traders and analysts still see production exceeding consumption globally, but not where it’s most visible: Western storage hubs. In December, more than 13 million barrels a day of crude arrived on China’s shores, the most on record, according to government data. “Many have been waiting for the sell off and did not see strong demand from India and China.”The conundrum faced by oil markets perhaps shows up best in the amount of crude oil sailing on tankers at sea. Currently, it’s about 200 million barrels higher than it was a year ago, an increase that would normally lead to pressure on crude prices. Winter Storm Fern shut in close to 2 million barrels a day of American oil production at its peak, Energy Aspects estimates and another cold snap is on its way to the US.
Source:The Edge Markets
January 30, 2026 14:15 UTC
US producer prices accelerate in December on services
WASHINGTON (Jan 30): US producer prices increased more than expected in December, with businesses appearing to pass on higher costs from import tariffs, suggesting inflation could pick up in the months ahead. Last month's larger-than-expected rise in producer prices was led by a 0.7% increase in services. A 1.7% jump in margins for final demand trade services, which measures changes in margins received by wholesalers and retailers, accounted for two-thirds of the increase in services. Businesses had been absorbing some of President Donald Trump's sweeping import tariffs, preventing a sharp increase in inflation. Producer goods prices were unchanged in December.
Source:The Edge Markets
January 30, 2026 14:04 UTC
China Vanke's losses widened to record in 2025
(Jan 30): China Vanke Co reported its losses widened by two-thirds to a record last year, citing a sharp decline in its property developments and additional provisions. The troubled developer’s preliminary net loss in 2025 bloated to about 82 billion yuan (RM46.31 billion), compared with 49.5 billion yuan the previous year, according to a filing with the Hong Kong stock exchange on Friday. “The scale of settlement for real estate development projects declined significantly, and gross profit margins remained low,” the company said in the filing. The partial repayments amount to 2.5 billion yuan, plus a further 413 million yuan due on Friday on a separate security, according to Bloomberg calculations based on prior filings. But on Friday, Vanke shares fell 5.9% to HK$3.80 (RM1.91) in Hong Kong, extending their losses in the past year to more than 30%.
Source:The Edge Markets
January 30, 2026 13:54 UTC
Trump picks former Fed official Warsh to run Fed
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Source:The Star
January 30, 2026 13:35 UTC
German inflation edges above 2% before first ECB meeting of the year
(Jan 30): German inflation accelerated slightly after Europe’s largest economy recorded surprisingly strong expansion at the end of last year. Consumer prices rose an annual 2.1% in January — up from 2% in December — the statistics office said on Friday. The report comes less than a week before the European Central Bank (ECB) meets for the first time this year. Despite still-elevated uncertainty over trade and Russia’s war in Ukraine, euro-area inflation is settling at 2%. Expectations among consumers for price gains over the next 12 months held steady in December, the ECB said earlier on Friday.
Source:The Edge Markets
January 30, 2026 13:34 UTC
Carlo Rino proposes transfer to Main Market by 2H26
In a statement, the contemporary fast-fashion retailer said the proposed transfer is expected to be completed by the second half of 2026 (2H26). KUALA LUMPUR: Carlo Rino Group Bhd has proposed to transfer its listing status from the ACE Market to the Main Market of Bursa Malaysia Securities Bhd. In a statement, the contemporary fast-fashion retailer said the proposed transfer is expected to be completed by the second half of 2026 (2H26). Carlo Rino group managing director Datuk Seri Chiang Fong Yee said the transition to the Main Market represents a natural progression in its growth journey, as it has progressed from the LEAP Market to the ACE Market. TA Securities Holdings Bhd has been appointed as the principal adviser for the proposed transfer.
Source:New Strait Times
January 30, 2026 13:33 UTC
News@9: Today's top headlines - Jan 30, 2026 [WATCH]
A passenger is checked with a thermal imager at Soekarno Hatta International Airport in Tangerang near Jakarta. -REUTERS PICHere are today's biggest stories:Top officials scrutinisedPrime Minister Datuk Seri Anwar Ibrahim stressed the need for closer monitoring of senior officials, noting that administrative failings often originate at the highest levels of leadership. Massage chain scandalA nationwide massage parlour network allegedly paid RM2.7 million annually in bribes, with MACC arresting five people. Positive talksThe government reported positive progress in discussions with education stakeholders on the mandatory implementation of Bahasa Melayu and History subjects in schools nationwide. Nipah health advisoryIndividuals experiencing prolonged fever, neurological symptoms, or severe respiratory illness should seek medical care, especially after recent travel to Nipah‑affected areas.
Source:New Strait Times
January 30, 2026 13:28 UTC
South Korea passes law to combat scalping, piracy
SEOUL: South Korea on Thursday (Jan 29) passed a series of revised laws aimed at banning ticket scalping in the performance and sports sectors and curbing the illegal distribution of South Korean content. The government estimates that illegal distribution causes more than 4 trillion won in annual losses to the South Korean content industry. Most provisions of the revised Copyright Act will enter into force six months after promulgation, while emergency site-blocking measures will be implemented earlier, after three months. All ticket scalping banned, platform responsibility expandedAmendments to the Performance Act and National Sports Promotion Act introduce a sweeping ban on all forms of ticket scalping, regardless of whether automated programs, or “macros”, are used. “They will play a significant role in eliminating illegal content distribution and ticket scalping, both of which undermine the sustainable growth of K-culture and its ecosystem.” - The Korea Herald/ANN
Source:The Star
January 30, 2026 13:23 UTC
MITI to implement new incentive framework from March 2026
KUALA LUMPUR: The government will implement the New Incentive Framework (NIF) effective March 1, 2026, beginning with the manufacturing sector and followed by the services sector in the second quarter of 2026, according to the Ministry of Investment, Trade and Industry (MITI). The implementation of this new framework represents a significant strategic policy shift in Malaysia’s investment incentive landscape, aimed at ensuring the country remains competitive, sustainable, and resilient in the face of global economic challenges. In tandem with the implementation of the NIF, MITI said the government will no longer accept new incentive applications for manufacturing sector under the Promotion of Investments Act 1986 (PIA 1986). The final deadline for the submission of incentive applications under the PIA 1986 for the manufacturing sector is on Feb 28, 2026 at 3 pm. "The NIF Implementation Guidelines outline the eligibility criteria, NIA Scorecard assessment parameters, category of incentive, as well as the application and evaluation processes," it said.
Source:The Star
January 30, 2026 13:20 UTC
Riding on ranking rise
PETALING JAYA: Seasoned track cyclist Azizulhasni Awang has moved into the top 60 in the world rankings for men’s elite sprint and secure qualification for the World Cup series starting in March. It is nothing short of remarkable considering he was outside the top 250 in the world rankings when the 38-year-old Azizul went for his first competition in Thailand in August last year.
Source:The Star
January 30, 2026 13:17 UTC
Mida says it is ready to implement new outcome-based incentive framework
KUALA LUMPUR (Jan 30): The Malaysian Investment Development Authority (Mida) said it stands ready to operationalise the New Incentive Framework (NIF) from March 1, marking a major shift in Malaysia’s investment policy towards an outcome-based, value-driven approach. The framework will first apply to the manufacturing sector, followed by the services sector in the second quarter of 2026. Mida chairman Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the framework is premised on ensuring clear returns on government incentives. In terms of implementation, Mida will continue to accept manufacturing-sector incentive applications under the Promotion of Investments Act 1986 until Feb 28. All new manufacturing applications submitted from March 1 onwards will be evaluated under the NIF.
Source:The Edge Markets
January 30, 2026 13:04 UTC