◉ HEADLINES

IJM Corp

EPF rejects Sunway’s IJM takeover offer as valuation concerns deepen: reports

Fund becomes second major GLIC after PNB to turn down RM3.15-per-share bid, even as Sunway secures overwhelming shareholder backing

IJM clarifies MACC probe targets individuals, not company

Malaysian Anti-Corruption Commission investigation limited to select executives, says construction and infrastructure group

PNB to assess Sunway’s voluntary general offer for IJM based on commercial basis

Deputy Prime Minister Datuk Seri Fadillah Yusof said the offer was not a transaction negotiated with any specific shareholder, including PNB

Board not aware of proposal: IJM denies merger talks with Sunway Bhd

Both companies clarify that no discussions have taken place, despite media reports of a potential share exchange deal

Sunway-IJM proposed merger to create mega construction firm

However, the deal may put focus on Bumiputera, national interests

◉ Popular

Over 23.6 million to benefit as new electricity tariff kicks in July 1

The Energy Commission has set a new average base tariff of 45.40 sen/kWh for RP4, slightly lower than before, bringing overall electricity costs down by up to 19% compared to the previous regulatory period

Short-lived La Niña expected in early 2026, but stable weather to follow

MetMalaysia forecasts cool conditions and brief shifts in rainfall patterns before returning to normal

Schools may close if air quality worsens, five areas hit unhealthy levels: DOE

The department said the areas recorded unhealthy API readings, warns of RM1mil fine for open burning offenders

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