<div class=newsTextDataWrapInner>Flash: AirAsia 1Q net profit down 30% on higher fuel and staff costs, stronger US dollar</div>
</div><div class=inPageAd id=div-gpt-ad-inpage>

Flash: AirAsia 1Q net profit down 30% on higher fuel and staff costs, stronger US dollar
...

AirAsia 1Q net profit down 30% on higher fuel and staff costs, stronger US dollar

Unilever plc will keep making Cornetto and Carte D’Or in Russia even after shedding its global ice cream unit.

Unilever to keep making Russian ice cream after split

GSK plc will sell its remaining stake in Haleon plc for £1.25 billion (US$1.6 billion or RM7.41 billion), completing the drugmaker’s separation from the consumer health company.

GSK to sell remaining US$1.6b stake in Sensodyne toothpaste maker Haleon

French police shot dead an armed man who set fire to a synagogue in the northwestern city of Rouen early on Friday, Interior Minister Gerald Darmanin and local officials said.

French police kill man who set fire to Rouen synagogue

Shanghai has compiled a list of data that can be transferred overseas without security assessments, according to a government document seen by Reuters, a much anticipated move as China tries to lure foreign investment to boost a sluggish economy.

Shanghai eases data-export curbs sought by Tesla, other firms, document shows

HONG KONG (May 17): Chinese electric vehicle (EV) maker Xpeng said on Friday that new US tariffs on Chinese electric vehicles are detrimental to achieving carbon neutrality and green energy transition.

Xpeng says US tariffs on Chinese EV detrimental to meeting carbon neutrality

Prime Minister Datuk Seri Anwar Ibrahim stressed that claims that 25% of the remaining shares in Malaysia Airports Holdings Bhd or MAHB (KL:AIRPORT) would be owned by a pro-Zionist company are baseless.

Anwar: Opposition's claims that pro-Israel company will own MAHB shares only to incite hatred

Indonesia raised ¥200 billion (RM5.9 billion) in its largest sale of Japanese yen-denominated bonds, the finance ministry said in a statement on Friday.

Indonesia raises US$1.3b in its largest Samurai bond sale

Tesla is pushing ahead with plans to power the global development of its self-driving system with data from China that could be processed within the country, part of a strategic shift by Elon Musk, according to people with knowledge of the work.

Musk pushes plan for China data to power Tesla's AI ambitions

Football’s global governing body opened the door to potentially moving its headquarters from Zurich, while stressing that it’s “happy” for now having its main office in Switzerland.

Fifa amends rules to allow headquarters to move from Zurich

(May 17): China will allow local government authorities to buy some homes at "reasonable" prices to provide affordable housing, Vice Premier He Lifeng told an online meeting on housing policy on Friday, the official news agency, Xinhua, said.

China will cut interest rates of mo...

China to let local governments buy homes, cut mortgage rates to revive property sector

Malaysia’s economic growth accelerated faster than expected in the first three months of 2024, thanks to higher household spending, stronger investment activities, improvement in labour market conditions, and higher exports and tourist arrivals.

Malaysia's 1Q GDP beats consensus estimates, grows 4.2% y-o-y

The male suspect who was shot dead in the attack at the Ulu Tiram Police Station here earlier on Friday is believed to be a member of Jemaah Islamiyah.

Suspect in Ulu Tiram police station attack believed to be member of Jemaah Islamiyah, says IGP

Two policemen were killed and another was injured in an attack on the Ulu Tiram Police Station early on Friday morning.

State police chief Commissioner M Kumar confirmed the incident, stating that it occurred at 2.45am and involved a masked intruder armed with pistols and a machete.

Two policemen killed in attack at Ulu Tiram police station

KUALA LUMPUR (May 17): Shares of S P Setia Bhd (KL:SPSETIA) soared to their highest in nearly six years on Friday, as analysts continue to advise investors to buy the stock, even as its stock price has nearly doubled so far this year.

S P Setia soars to near six-year high as analysts bet on extended rally

BWYS Group Bhd has signed an agreement with M&amp;A Securities Sdn Bhd to underwrite the sheet metal products manufacturer and scaffoldings supplier's upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia.

BWYS Group signs underwriting agreement with M&A Securities for ACE Market IPO

Hong Leong Investment Bank (HLIB) Research said the anticipated rebound in construction activities, particularly in railway projects, is expected to generate more contract opportunities for companies like Econpile Holdings Bhd (KL:ECONBHD).

Econpile to ride on construction upcycle, says HLIB 

Shares of Hup Seng Industries Bhd (KL:HUPSENG) climbed to their highest in nearly three years after the biscuit maker reported that its net profit surged 45% year-on-year in the first quarter.

Hup Seng shares climb to near three-year high after 1Q profit surge

KUALA LUMPUR (May 17): Shares of Malaysian Pacific Industries Bhd (KL:MPI) climbed to their highest in 15 months, as analysts flagged stronger quarters ahead following the semiconductor company’s return to the black.

Malaysian Pacific Industries climbs to 15-month high on return to profit

KUALA LUMPUR (May 17): Shares of Hong Leong Industries Bhd (KL:HLIND), or HLI, climbed to near their record high on Friday, after the motorcycle assembler reported a 51% year-on-year jump in net profit for the three months ended March 31, 2024.

Hong Leong Industries’ shares retest all-time high after profit jump

KUALA LUMPUR (May 17): Sarawak Cable Bhd (KL:SCABLE) said that the memorandum of agreement (MOA) between the company and Serendib Capital Ltd (Serendib) had been validly terminated.

Sarawak Cable says has found alternative white knight to Serendib

Global stocks eased on Friday after Federal Reserve officials hinted US interest rates may not fall any time soon, while commodities rallied on the back of optimism over a series of measures in China to stabilise its beleaguered property sector.

Stocks drift, China unveils 'historic' steps for property

The International Monetary Fund (IMF) criticised the Biden administration’s decision to aggressively raise tariffs on some Chinese goods, underscoring its warning that tensions between the world’s top two economies risk hurting global trade and growth.

IMF knocks Biden’s China tariffs as risk to US, world growth

PPB Group Bhd (KL:PPB) is planning to invest RM327 million in its film exhibition and distribution segment, which houses Golden Screen Cinemas, over the next five years.

PPB Group to invest RM327 mil in film segment over next five years

Rakuten Trade said Poh Kong Holdings Bhd (KL:POHKONG) is back on the radar after it pushed out from the pennant pattern with a long white candle on Thursday.

Poh Kong back on the radar, says Rakuten Trade 

theedgemalaysia.com highlighted three stocks with positive momentum and eight stocks with negative momentum at Bursa Malaysia's afternoon close on Friday. &nbsp;

Datasonic, Fiamma, Wong Engineering, Oppstar, Southern Acid, DKSH, BIG Industries, SKP, Infraharta, Beshom, KYM

The Ministry of Transport (MOT) fully supports Khazanah Nasional Bhd and the Employee Provident Fund’s (EPF) move to privatise Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, as it will enable the implementation of strategic decisions more expediently, according to its minister Anthony Loke Siew Fook.

MOT supports MAHB privatisation, to enable expedient strategic decisions — Loke

Wireless carrier Maxis Bhd (KL:MAXIS) said on Friday its net profit rose 10% year-on-year (y-o-y) in the first quarter, thanks to higher service revenue and cost control.

Maxis posts 10% rise in 1Q net profit on higher service revenue, declares four sen dividend

Selangor opposition leader Datuk Seri Mohamed Azmin Ali said on Friday that there was no denial from Agriculture and Food Security Minister Datuk Seri Mohamad Sabu (Mat Sabu) or businessman Deepak Jaikishan regarding their trip to India, or Deepak’s involvement in procuring a direct negotiation contract with the government for his brother’s company, namely J&amp;E Advance Tech Sdn Bhd, to import eggs into Malaysia.

Azmin: Mat Sabu and Deepak did not deny my comments on their trip to India

(May 17):&nbsp;Suriname’s discovered oil resources now total more than 2.4 billion barrels of crude and liquids, and the nation has more than 12.5 trillion cubic feet of gas, according to Wood Mackenzie.