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

Abrdn Malaysia Sdn Bhd has emerged as a substantial shareholder of Wasco Bhd (KL:WASCO) after the purchase of 39.11 million shares or a 5.051% stake.

A proposed pilot plant for processing rare earth elements (REE), to be jointly developed by Malaysian and French companies, is planning to source raw feedstock from local deposits, according to a French government adviser.

Multi-level marketing company DXN Holdings Bhd (KL:DXN) reported a 30.2% drop in its third-quarter net profit from a year earlier, as a stronger ringgit impacted the translation of its global sales.

尽管订单爆满，ASML仍决定裁减1700个岗位。...

BM Greentech Bhd has secured construction and supply contracts worth a total of RM71.76 million linked to a 36 megawatt-peak (MWp) solar plant with battery energy storage system (BESS) project at KLIA Aeropolis.

KUALA LUMPUR: Anak syarikat milik penuh Geohan Corporation Bhd, Geohan Sdn Bhd (GSB), memperoleh dua kontrak daripada anak syarikat Sunway Group bagi kerja-kerja asas dan cerucuk di Johor, dengan nilai keseluruhan berjumlah RM32.2 juta.

GuocoLand (Malaysia) Bhd (KL:GUOCO), the property arm of Hong Leong Group, said its net profit fell 9.48% to RM6.67 million in the second quarter ended Dec 31, 2025 (2QFY2026) from RM7.36 million a year earlier, despite revenue climbing to a more than three-year high.

Malaysia's 10% sales tax on low-value goods (LVG) has collected a total of RM1.29 billion in revenue since its implementation two years ago. In a written parliamentary reply on Wednesday, the Ministry of Finance (MOF) said it collected RM476 million from the tax in 2024. Collections then increased to RM817 million in 2025.

KUALA LUMPUR: Keuntungan bersih IGB Real Estate Investment Trust (IGB REIT) untuk tahun kewangan berakhir 31 Disember 2025 melonjak kepada RM660.49 juta daripada RM579.76 juta yang dicatatkan pada tahun sebelumnya.

The Secretariat House of the Asian Forum of Parliamentarians on Population and Development (AFPPD), built at a cost of RM790,930, was completed here on Jan 10 after construction began on July 15 last year.

Asean foreign ministers sent a fresh signal of unity on Myanmar, reaffirming their backing for a Myanmar-owned and Myanmar-led path towards a peaceful and lasting solution.

The strengthening of the ringgit reflects investor confidence, national policy stability, institutional strength, and the capability of Malaysia’s human capital, said Human Resources Minister Datuk Seri R Ramanan.

The government has assured that all aspects related to the United Examination Certificate (UEC) will be comprehensively evaluated in line with the interests of the public and the country's education system, said Minister of Higher Education Datuk Seri Dr Zambry Abd Kadir.

RAM Ratings has upgraded its long-term ratings for the debt paper programmes of YTL Corp Bhd (KL:YTL) and its 52.5%-controlled unit YTL Power International Bhd (KL:YTLPOWR) to AAA, after both showcased sustained improvements in fundamentals.

RAM Ratings has upgraded its long-term ratings for the debt paper programmes of YTL Corp Bhd (KL:YTL) and its 52.5%-controlled unit YTL Power International Bhd (KL:YTLPOWR) to AAA, after both showcased sustained improvements in fundamentals.

企业发展及合作社部长沈志强表示，政府持续加强印裔企业家贷款计划（SPUMI），将拨款从原本的3000万令吉增至5000万令吉，以支持印度社群的创业发展。...

CapitaLand Malaysia Trust (KL:CLMT) is eyeing acquisitions in Penang, Johor and the Klang Valley to expand its industrial and logistics segment, as it works towards a 20% assets under management (AUM) mix by 2028.

这是继去年10月裁员1.4万人后的又一次大幅缩编。...