Fitness coach Murad Zaidi granted DNAA after complainant withdraws case
KUALA LUMPUR: Renowned high-performance transformation coach Syed Mohammad Murad Syed Naseem, better known as Murad "Baddestcoach” Zaidi, has been granted a discharge not amounting to an acquittal (DNAA) over a charge linked to an alleged injury involving a former staff member last year. Shah Alam Magistrates’ Court Magistrate Ameera Mastura Khamis made the ruling after the 47-year-old complainant, M Vijendrakumaraan, informed the court that he no longer wished to pursue the case. The development was confirmed by counsel R Morhaneraj, representing the complainant, and Aizzat Mustafa, acting for the 39-year-old Murad Zaidi. Murad Zaidi had been charged under Section 324 of the Penal Code over an incident that allegedly occurred at Persiaran Seksyen U1, Shah Alam, at about 8am on June 15, 2025. Meanwhile, Murad Zaidi said in a statement that following the withdrawal of the case, he would initiate civil proceedings against the complainant, citing significant damage to his professional and business reputation.
Source:The Star
February 12, 2026 11:17 UTC
Wasco Greenergy’s 4Q net profit up by 13.3% on better margins
KUALA LUMPUR (Feb 12): Wasco Greenergy Bhd’s (KL:GENERGY) reported a 13.3% higher net profit for the fourth quarter ended Dec 31, 2025 (4QFY2025), as better profit margins and lower expenses helped to cushion lower revenue from its renewable energy and industrial energy and equipment segments. Net profit for 4QFY2025 rose to RM7.5 million from RM6.6 million a year earlier. Net profit was RM22.7 million, which was 33.8% lower versus RM34.3 million a year earlier. Looking forward, Wasco Greenergy said its order book is expected to support performance in the coming quarters. As at end-December 2025, its order book stood at RM241.3 million, comprising RM215.1 million from the renewable energy segment and RM26.2 million from the industrial energy and equipment segment.
Source:The Edge Markets
February 12, 2026 11:11 UTC
Thailand moves to seize US$420m assets linked to scammers
(Feb 12): Thailand plans to seize US$420 million (RM1.6 billion) in assets linked to alleged cyber scam operators as authorities intensify a crackdown on a global online fraud network. The assets, including luxury condominiums, yachts and cars, were frozen by the Anti-Money Laundering Office in December after preliminary investigations found wrongdoing. The agency has now asked the public prosecutor to seek court approval to have them declared state assets, it said in a statement late Wednesday. A review of requests to revoke the temporary freeze found insufficient evidence to show the assets were unrelated to criminal activity, AMLO said. His government has “signed a blank check” to support efforts to dismantle scam operations, human-trafficking networks and drug rings, he said in November.
Source:The Edge Markets
February 12, 2026 11:11 UTC
Critical Holdings bags RM35m cleanroom production floor construction job
KUALA LUMPUR (Feb 12): Critical Holdings Bhd (KL:CHB) has secured a RM34.97 million contract to build a cleanroom production floor at a manufacturing plant in the Batu Kawan Industrial Zone, Penang, for an undisclosed US-based multinational corporation (MNC). The job is expected to be completed by June 30, the group said in a bourse filing on Thursday. It described the undisclosed MNC as a renowned US-based MNC that offers computer memory and computer data storage systems for industrial Internet of Things solutions. Critical Holdings is a Penang-based company that specialises in mechanical, electrical and process utilities (MEP) design and engineering services. Its shares ended two sen or 2.47% lower at 79 sen on Thursday, valuing the group at RM293.67 million.
Source:The Edge Markets
February 12, 2026 11:01 UTC
Saudi March crude oil supply to China to rise to multi-year high, sources say
SINGAPORE (Feb 12): Saudi Arabia's crude oil exports to China are set to touch a multi-year high in March after the kingdom cut its official selling prices to Asia for a fourth month and attracted more demand, several trade sources said. State oil company Saudi Aramco will ship at least 58 million barrels to China in March, or about 1.87 million barrels per day (bpd), a tally of allocations to Chinese refiners from trade sources showed. The allocation volume marks a jump from the previous two months, when it stayed under 50 million barrels, and is the highest since October 2022, Reuters records show. Companies that planned to increase Saudi crude liftings next month included PetroChina, Rongsheng Petrochemical and Sinochem, the tally showed. Hengli Petrochemical will lift zero volume for a third consecutive month, the sources said.
Source:The Edge Markets
February 12, 2026 10:41 UTC
US pushes AI funding, fisheries tech at Apec amid China rivalry
China is looking to narrow the technological gap with the US in advancing artificial intelligence-related sectors, though the lack of advanced chipmaking tools is hobbling China’s advances. China says it supports global cooperation on AI governance and has previously rejected Western accusations that its technology exports enable censorship. Illegal fishing is frequently linked to other transnational crimes including forced labour, trafficking and smuggling, Perry said. Perry noted that China's revised Fisheries Law is due to take effect from May. “They’re saying all the right things and we want to see if they’re going to follow through with those actions.”
Source:The Edge Markets
February 12, 2026 10:26 UTC
UBS plans to hire 3,000 new roles in India as it axes jobs in Switzerland
UBS declined to say whether the two developments were connected, and sources close to the bank said there was no link. It has said around 3,000 Swiss jobs will be cut, most likely later this year. In India, where UBS already has several offices, the bank is opening an additional site in Hyderabad, where it plans to add 2,000 to 3,000 roles in the coming months. "We're looking forward to further expanding our tech capabilities, including AI, while enhancing our operations footprint in the location," said Matthias Schacke, who heads UBS' operations in India. "It is extremely important to us that as many jobs as possible remain in Switzerland," she said.
Source:The Edge Markets
February 12, 2026 10:06 UTC
UAE joins Hong Kong debt network to boost access to Chinese assets
HONG KONG (Feb 12): The central bank of the United Arab Emirates (CBUAE) has joined Hong Kong's debt depository network as the Chinese offshore market seeks to boost its role as a leading offshore Renminbi business hub. CBUAE has plugged into Hong Kong's core central securities depository for debt securities, Central Moneymarkets Unit (CMU), which allows investors in the Middle East market greater access to Chinese assets, Hong Kong's central bank said on Thursday. The connectivity provides "direct and cost-effective access" to Chinese mainland’s capital markets and financial assets, according to Hong Kong Monetary Authority (HKMA), leveraging Hong Kong’s established financial infrastructure. The UAE central bank's membership in the Hong Kong-based network supports "diversifying investment opportunities for market participants in the United Arab Emirates", CBUAE's governor Khaled Mohamed Balama said in a statement.
Source:The Edge Markets
February 12, 2026 09:55 UTC
Sanofi replaces CEO after R&D setbacks
(Feb 12): Sanofi abruptly replaced chief executive officer Paul Hudson after a massive research spending boost failed to deliver rapid results, appointing Merck KGaA’s Belén Garijo to succeed him. “Investors remain frustrated with the repeated R&D (research and development) failures,” said Abhishek Raval, an analyst at AlphaValue. Garijo’s term at Merck was ending soon and the Spanish executive knows Sanofi well, having spent 15 years there. Her priority will be to strengthen the productivity, governance, and innovation capacity of R&D, it added. “If you’d have asked me back in 2020, will it take between five and seven years for Sanofi?
Source:The Edge Markets
February 12, 2026 09:50 UTC
KL, New Delhi link up for QR payments
PayNet and NPCI International Payments Ltd have partnered to enable cross-border QR payments between Malaysia and India. KUALA LUMPUR: Payments Network Malaysia Sdn Bhd (PayNet) and NPCI International Payments Ltd (NIPL) have partnered to enable cross-border QR payments between Malaysia and India. The collaboration will enable cross-border payments using local payment apps for both countries. PayNet chief executive officer Praveen Rajan said the agreement reflects how the national payments infrastructure can support cross-border payments at scale. "This collaboration reinforces our commitment to simplifying cross-border payments while strengthening digital and economic connectivity between the two countries," he said.
Source:New Strait Times
February 12, 2026 09:49 UTC
Steel Hawk wins three-year underwater services job
KUALA LUMPUR (Feb 12): Oil and gas services and equipment provider Steel Hawk Bhd (KL:HAWK) has bagged a three-year underwater services contract from PETRONAS Chemicals Methanol Sdn Bhd. The contract was secured through its wholly owned subsidiary Steel Hawk Engineering Sdn Bhd, which includes the provision of specified underwater services on a call-out basis, spanning a period from Dec 9, 2025 to Dec 8, 2028. “This contract further strengthens our order book and provides clear visibility over our execution pipeline for the coming years. “With multiple contracts already in hand, the group is well positioned to deliver across its ongoing projects,” Steel Hawk deputy chairman and executive director Datuk Sharman K Michael said in a statement on Thursday. Currently, Steel Hawk has 21 active contracts, which will ensure the group remains operationally engaged over the next three years.
Source:The Edge Markets
February 12, 2026 09:40 UTC
KWAP launches Jana MyPesara to help retirees manage business more systematically
KUALA LUMPUR (Feb 12): The Retirement Fund (Incorporated) (KWAP) on Thursday launched Jana MyPesara with an allocation of RM20 million as microfinancing to help retirees manage and run their businesses in a more structured manner. Therefore, Jana MyPesara is a suitable initiative that focuses on economic participation at the grassroots level,” he said at the launching ceremony of Jana MyPesara on Thursday. Amir Hamzah said Jana MyPesara not only provides microfinancing, but also includes guidance and mentoring services to help retirees manage and operate their businesses more systematically. Therefore, I would like to encourage retirees who are interested in starting or expanding a business to consider the opportunities provided through Jana MyPesara,” he added. Amanah Ikhtiar Malaysia (AIM) is the implementing partner for the Jana MyPesara programme.
Source:The Edge Markets
February 12, 2026 09:36 UTC
MACC remands director general, department director over alleged RM900,000 fund misuse
KUALA LUMPUR (Feb 12): The director general and a director of a government department have been remanded for five days, from Thursday to next Monday (Feb 16), on suspicion of conspiring to misappropriate funds totalling approximately RM900,000. The remand order against both suspects was issued by Magistrate Ezrene Zakariah following an application made by the Malaysian Anti-Corruption Commission (MACC) at the Putrajaya Magistrate’s Court on Thursday morning. According to sources, both male suspects, aged in their 50s, were detained at 1pm on Wednesday after arriving to give their statements at the MACC headquarters in Putrajaya. “Initial investigations revealed that both are suspected of abusing their power and positions by utilising financial allocations at their workplace, amounting to roughly RM900,000, for personal interest,” a source told Bernama. He said that the case is being investigated under Section 18 and Section 23(1) of the MACC Act 2009, and also involves offences under the Penal Code related to the dishonest misappropriation of property and criminal breach of trust.
Source:The Edge Markets
February 12, 2026 09:30 UTC
Outgoing US ambassador calls service a privilege, praises Malaysia’s talents, diversity
Outgoing US ambassador to Malaysia Edgard D Kagan said the bilateral ties is now more dynamic and candid. “I’m very proud of the fact that the US-Malaysia relationship is much better now than it was in December 2023, when I arrived. He cited Malaysia’s Asean chairmanship and the visit by the US President Donald Trump in October 2025 as major milestones during his tenure as ambassador. “Any visit by a President is a very big deal for an ambassador,” he said, describing the visit as recognition of Malaysia’s importance within Asean. “It’s been a tremendous privilege to be able to represent the United States here,” he said.
Source:The Edge Markets
February 12, 2026 09:10 UTC
Polymer Link targets growth in Australia after opening new warehouse facility
KUALA LUMPUR (Feb 12): Plastic powder manufacturer Polymer Link Holdings Bhd (KL:POLYMER) is targeting growth in Australia following the leasing of a new warehouse facility there. Group financial controller Jun Low said the new warehouse in Brisbane is expected to commence operations within one to two weeks. Group senior vice-president Kevin Koh said the facility will enable the company to serve smaller rotomoulders that were previously unable to take full container shipments. “The previous customer in Poland was introduced to us by a brand owner expanding into the European market. He added that the European market is technically driven, which aligns well with the company’s research and development-focused approach.
Source:The Edge Markets
February 12, 2026 09:00 UTC