IT will be a busy year for the energy sector. Over the past month, there has been a slew of announcements, with the latest being the establishment of the Energy Exchange Malaysia (Enegem).

The Enegem programme will start with a project with a pilot auction of 100mw of renewable energy (...

Cover Story: A busy year for RE players

THE long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thail...

Cover Story: Enegem —edging closer to RE exports

We knew we had not seen the last of it. Banished 16 years ago, “Game 39” is about to come back to haunt football. Barely noticed amid a welter of headlines as the European season builds to a climax, Fifa has lifted its law blocking a nation’s league matches from being played in another country.

Business Of Sports: Under the radar, but Game 39 is back on the agenda

Since the onset of the Covid-19 pandemic, the developing world has faced growing public-sector debt vulnerabilities. Interest-rate hikes and limited access to international capital markets have only exacerbated the problem — so much so that even solvent countries are now grappling with liquidity ...

The New Global Economy: The urgency of sovereign-debt restructuring

Back when investment firm New Forests Advisory Pty Ltd was established, sustainably grown timber was not common, and the focus on sustainability and environmental, social and governance factors was not as intense as it is now.

Founded by David Brand in Australia in 2005, the firm offere...

Investing: Sustainable forestry now an asset class

Housing affordability remains a key concern among Malaysians, and property development and construction industries have been addressing the issue to make homes affordable for more people.

In providing affordable homes, Sabah-based contractor and property developer KTI Landmark Bhd does ...

Cover Story: KTI  Landmark charts new horizons with ACE Market listing

HAVING identified artificial intelligence (AI) opportunities in Malaysia, SNS Network Technology Bhd now expects a meaningful contribution from its newly ventured data centre fit-out business segment.

Besides selling AI super servers, the ICT system and solutions provider is also involv...

SNS Network aims to tap country’s data centre boom through new venture

IN the current oil and gas (O&G) industry upcycle, cash-rich Deleum Bhd is embarking on multiple strategies that include mergers and acquisitions (M&A), geographical expansion and investment in early stage companies to kick-start its future growth plan.

The oilfield services com...

Deleum plans tech and regional M&A for future growth

This is the final instalment of a four-part series on propelling the Madani economy. To summarise, fuel subsidy rationalisation is a contractionary but necessary move for Malaysia, discussed in Part I (“Taking a systems approach to fuel subsidies”, Issue 1515, March 18). In Part II (“Breaking out...

My Say: Madani-Bersama: Address disparities to unlock powerful engines of growth

In a world of depressing news headlines, how is the Southeast Asian region faring? An examination of the risk environment leads us to a few key assessments.

First, being one of the main arenas for US-China contestation, this region is exposed to potentially nasty scenarios if big power ...

My Say: How risks have changed in Southeast Asia

The popularity of property investing among the younger investors seems to be waning. The mismatch between one’s salary and property price is a key reason. However, financial planning experts say these investors should not be hasty in dismissing property as an attractive asset class.

Red...

Property: To buy or rent, that is the question

Southeast Asian governments are grappling with the challenges of rising energy demand, a burgeoning middle class, strong pressure not to increase energy and electricity prices, and the need to deliver just and equitable growth — before even considering ambitious plans to decarbonise and build industries of tomorrow.

Southeast Asia remains off-track in net zero ambitions 

OIL and gas (O&G) stocks have been gaining traction over the past few months, premised on better earnings prospects, and more recently, on the likelihood of oil prices escalating due to the conflict in the Middle East.

Earlier this month, on April 2, the Bursa Malaysia Energy Index ...

O&G stocks perform on better earnings prospects

Phase 1 of Ridge View @ Puchong, which was launched on March 1, has achieved a take-up rate of 65%. IJM Land Bhd senior general manager (central region) Chai Kian Soon says the 25-acre development will have six phases in total — offering 110 units of 2-storey linked villas and 82 units of 3-store...

IJM Land’s Ridge View @ Puchong first phase 65% sold

Loss-making Annum Bhd said on Thursday it has received a show-cause notice from Bursa Malaysia over the company's failure to issue its annual report for the financial period ended June 30, 2023 (FY2023), which was due on Oct 31, 2023.

Annum still fails to issue annual report after finding auditor following 31 rejections, hit by Bursa show-cause notice

Qualcomm shares rose 4% in premarket trading on Thursday after the smartphone-focused chipmaker signaled an AI-fueled rebound in demand, especially in China, after a two-year slump.

Sales to Chinese smartphone makers jumped 40% in the first half of its fiscal year, the company said on Wednesday, as buyers there gravitate toward higher-priced devices that can accommodate AI chatbots.

Qualcomm jumps as AI sparks rebound in Chinese smartphone market

Sarawak Cable Bhd (SCB) has once again obtained a time extension to submit its Practice Note 17 (PN17) regularisation plan from Bursa Malaysia.

The deadline has now been extended by another six months to Sept 30 from March 31, its bourse filing on Thursday showed. The original deadline was Nov 1, 2023.

Sarawak Cable gets another time extension to submit PN17 exit plan

Construction outfit and bus operator Epicon Bhd will exit Practice Note 17 (PN17) status on Friday following the completion of its regularisation plan.

Epicon, formerly Konsortium Transnasional, exits PN17 status

Hong Kong's securities regulator started an insider dealing prosecution against hedge fund Segantii Capital Management, its founder and a former trader, the watchdog said on Thursday.

The Hong Kong Securities and Futures Commission (SFC) said it had started criminal proceedings against Segantii, its founder and chief investment officer Simon Sadler, and former trader Daniel La Rocca for insider dealing in the shares of a Hong Kong-listed company prior to a block trade in June 2017.

Insider dealing charges brought against Segantii and its founder in Hong Kong

A former Hong Kong-based Societe Generale SA (SocGen) trader claimed he was fired and said the French lender should share the blame for failing to detect his wagers.

Ex-SocGen trader says he was fired after bank failed to detect his bets

Adani Enterprises Ltd’s shares slipped after it posted a 38% fall in quarterly profit, hurt by a one-time charge to provide for Covid-era airport dues.

Adani flagship’s profit slips 38% due to past airport dues

Uber Technologies Inc was sued by thousands of London’s black cab drivers in a suit seeking hundreds of million pounds, accusing it of unlawfully operating in the capital city.

Uber hit with £250m suit from London’s black cab drivers

JAKS Resources Bhd's unit has signed a memorandum of understanding (MOU) with China-based CALB Group Co Ltd to explore opportunities in the battery energy storage system (BESS) market, with a particular focus on the Southeast Asia region.

JAKS partners CALB to tap into SE Asia's battery energy storage systems market

Lotte Chemical Titan Holdings Bhd (LCTitan) logged a net loss of RM178.03 million in the first quarter ended March 31, 2024 (1QFY2024), making the group's eighth straight loss-making quarter.

LCTitan posts 8th straight quarterly loss ahead of planned plant turnaround

US software giant Microsoft Corp said on Thursday it would invest US$2.2 billion (RM10.5 billion) over the next four years in cloud and artificial intelligence (AI) infrastructure in Malaysia.

Microsoft to invest US$2.2 bil in Malaysia over next four years on cloud, AI

Protasco Bhd, which has businesses ranging from hotel to engineering, said on Thursday it has received an offer to buy its unit Ikram Education Sdn Bhd which owns the Infrastructure University Kuala Lumpur (IUKL).

Protasco gets offer from HK firm to buy its university unit

Luno, a digital asset exchange (DAX) licensed by the Securities Commission Malaysia, expands its coin offerings with the launch of Cosmos (ATOM) and Polkadot (DOT).

Luno launches two new digital assets

Feytech Holdings Bhd's initial public offer (IPO) on Main Market of Bursa Malaysia is offering&nbsp;252.94 million shares at 80 sen apiece.&nbsp;

Feytech's Main Market IPO to raise over RM201m

Subang Airport, officially known as Sultan Abdul Aziz Shah Airport, will likely be able to handle jet aircraft by the third quarter this year, according to Transport Minister Anthony Loke.

Subang Airport’s jet ops likely to start in 3Q, also eyes business jets — Loke

Shares of Bursa Malaysia Bhd climbed to its highest in more than three years after the stock exchange operator reported better-than-expected results that prompted at least two analyst upgrades.

Bursa Malaysia climbs to over three-year high after above-view 1Q

The additional investment by Microsoft amounting to US$2.2 billion or RM10.5 billion in the country over the next four years is the largest single investment by the company in its 32 years in Malaysia.

Microsoft’s new US$2.2b outlay is company’s largest single investment in Malaysia, says Anwar

Smart Asia Chemical Bhd, an industrial paint and coating manufacturer, on Thursday has begun taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM37.4 million.&nbsp;

Smart Asia Chemical starts taking orders for ACE Market IPO to raise RM37.4 mil

Shares of Duopharma Biotech Bhd surged more than 9% during early trade on Thursday following news of the pharmaceutical company securing supply contracts worth RM578.09 million in total.

Duopharma Biotech surges over 9% after RM578m contract news

The High Court on Thursday dismissed Tengku Datuk Zafrul Abdul Aziz's application to file an affidavit with regards to Datuk Seri Najib Razak's judicial review application to unearth an addendum to his pardon order that detailed he was to spend the remainder of his sentence under "house arrest".

Court rejects Zafrul’s bid to file affidavit on Najib’s ‘house arrest’ order

Shares of Ge-Shen Corp Bhd rose as much as 14.91% to a new record high of RM4.47 on Thursday, following the emergence of Chin Hin Group’s Chiau family as its second largest shareholder.

Ge-Shen shares hit new high on emergence of new substantial shareholder

Yinson Production, the offshore production business unit of Yinson Holdings Bhd, has closed the limited recourse term loan facility of up to US$1.3 billion (RM6.2 billion) for the pre- and post-delivery financing of the Agogo floating, production, storage and offloading (FPSO) vessel, which will be deployed in Angola.

Yinson unit secures single largest term loan of US$1.3b to finance Agogo FPSO delivery

Mechanical and electrical engineering services provider Pasukhas Group Bhd has secured a RM56.98 million contract to build a data centre in Selangor.

Pasukhas secures RM57m contract from US company to build data centre in Selangor 

US President Joe Biden included ally Japan along with rivals China and Russia in a list of countries he called “xenophobic” in a speech at a campaign fundraising event in Washington.

Biden calls ally Japan ‘xenophobic’ along with China, Russia

Latest data signalled further downbeat trends across the Malaysian manufacturing sector at the start of the second quarter of 2024.

In a statement on Thursday, S&amp;P Global Market Intelligence said that while demand remained generally subdued, there were slight indications that firms were on an upward trajectory, as firms scaled back production at a softer rate amid a slower reduction in new order inflows.

Overall manufacturing conditions in Malaysia ease to lesser extent, says S&P Global

The Federal Communications Commission (FCC) is moving to prevent Huawei, ZTE and other foreign companies deemed to pose US national security concerns from certifying wireless equipment, officials told Reuters on Wednesday.

US moves to bar Huawei, other Chinese telecoms from certifying wireless equipment

theedgemalaysia.com highlighted seven stocks with momentum at Bursa Malaysia’s afternoon close on Thursday. Two stocks showed positive momentum while five stocks showed negative momentum.

GHL Systems, Oppstar, Bursa Malaysia, Country View, Fiamma, Marco, Tambun Indah 

Malaysia’s biggest port operator Westports Holdings Bhd said on Thursday its net profit rose 11.4% year-on-year (y-o-y) in the first quarter, thanks to higher container revenue, coupled with higher finance income and share of results of a joint venture (JV).

Westports' 1Q net profit up 11% on higher container revenue, finance income and share of results of JV

Smart Asia Chemical Bhd, en route to Bursa Malaysia’s ACE Market, expects its new plant in Perak to triple its production capacity while allowing the paint and coating manufacturer to be closer to its clients.

Smart Asia Chemical to triple capacity with new plant from IPO proceeds

South Korea's SK Hynix said on Thursday its high-bandwidth memory (HBM) chips used in AI chipsets were sold out for this year and almost sold out for 2025 as businesses aggressively expand artificial intelligence services.

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