KUALA LUMPUR: Bumiputra-Commerce Holdings Bhd said that it would seek the approval of its shareholders for the proposed change of name to CIMB Group Holdings Bhd at an EGM.</div>

<div class=newsTextDataWrapInner>According to a Bursa Malaysia filing yesterday, Bumiputra-Commerce said the proposed name change was to better reflect the direct relationship of the holding company with CIMB Group’s operating subsidiaries as the group strengthens its footprint across Southeast Asia via its regional franchise. </div>

<div class=newsTextDataWrapInner>“The new name will also ensure consistency between the listed entity and its operating subsidiaries, and serves to further strengthen the CIMB brand value proposition,” the company said.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Bumiputra-Commerce said the proposed name change, if approved by shareholders, would be effective from the date of issuance of the Certificate of Incorporation on Change of Name by the Companies Commission of Malaysia. </div>

<div class=newsTextDataWrapInner>This article appeared in The Edge Financial Daily, August 11, 2009.

KUALA LUMPUR: Bumiputra-Commerce Holdings Bhd said that it would seek the approval of its shareholders for the proposed change of name to CIMB Group Holdings Bhd at an EGM.

According to a Bursa Malaysia filing yesterday, Bumiputra-Commerce said the proposed name change was to better reflect the direct relationship of the holding company with CIMB Group’s operating subsidiaries as the group strengthens its footprint across Southeast Asia via its regional franchise. 

“The new name will also ensure consistency between the listed entity and its operating subsidiaries, and serves to further strengthen the CIMB brand value proposition,” the company said.

Bumiputra-Commerce said the proposed name change, if approved by shareholders, would be effective from the date of issuance of the Certificate of Incorporation on Change of Name by the Companies Commission of Malaysia.

This article appeared in The Edge Financial Daily, August 11, 2009.

Bumiputra-Commerce seeks to be renamed CIMB Group Holdings

PUTRAJAYA (May 14): The children of single mother Loh Siew Hong, who has been embroiled in a legal battle over her three minor children’s religious status with the Perlis religious authorities, remain non-Muslims.

Loh’s children remain non-Muslims; apex court bins MAIPs’ bid to challenge kids’ religious status

Notable fillings

During the week of April 22 to 26, among the notable changes in the shareholding of companies publicly traded on the Bursa Malaysia were those at Toyo Ventures Holdings Bhd.

Lim Guan Lee ceased to be a substantial shareholder in the company ...

Insider Moves: Toyo Ventures Holdings Bhd, Econframe Bhd, Pestech International Bhd, Sam Engineering & Equipment (M) Bhd, Sunway Bhd, Eastern & Oriental Bhd

The public has been reminded to remain vigilant against scams involving individuals impersonating National Scam Response Centre (NSRC) officers, which may result in monetary losses.

Banking groups warn public of National Scam Response Centre officer impersonation scams

Swift Energy Technology Bhd, which sells industrial automation and power systems, filed for an initial public offering (IPO) on ACE Market to raise funds for the construction of new facilities and expansion abroad.

Swift Energy files for ACE Market IPO to raise funds for expansion

KUALA LUMPUR (May 14): Businessman Tan Sri Halim Saad’s latest suit against former prime minister Tun Dr Mahathir Mohamad, Tan Sri Nor Mohamed Yakcop and the federal government, in which Halim claimed his constitutional rights under Articles 8(1) and 12(1)(2) of the Federal Constitution for the government’s purchase of 32.69% stake in Renong Bhd from United Engineers Malaysia Bhd (UEM), a unit of Renong Bhd, has been struck out.

High Court strikes out Halim Saad’s latest suit against Dr M, Nor Mohamed Yakcop and govt

India’s steady inflation and the threat of rising food prices will probably keep the central bank on hold for longer, with economists pushing out their expectations for interest rate cuts to later in the year.

India’s sticky inflation gives RBI reason to stay on hold

Shares of AME Elite Consortium Bhd (KL:AME) rose to a new all-time high on Tuesday after the company announced a land sale for RM209.84 million to a Hong Kong-based data centre operator.

AME Elite shares rise to new record high on Pulai land sale

Two of China’s biggest state banks will sell a combined 60 billion yuan (RM5.42 billion) of total loss-absorbing capacity (TLAC) bonds starting this week, the first such debt sales by Chinese lenders in a drive to replenish capital and support the growth of the world’s No 2 economy.

China megabanks kick off US$8.3 bil loss-absorbing bond sales

KUALA LUMPUR (May 13): The narrowing gap between the valuations of the small-cap stocks versus that of big-cap ones on Bursa Malaysia present opportunities for investors who are willing to navigate the market with diligence and insight, according to RHB Investment Bank Research.

RHB: Narrowing gap between valuations of small and big cap stocks present opportunities for investors

Uber Technologies Inc is buying Delivery Hero SE’s Foodpanda business in Taiwan for US$950 million (RM4.49 billion), shoring up its control of a key Asian market as it seeks to expand in the region.

Uber to buy Delivery Hero’s Taiwan business for US$950 mil

Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, is ready to have Mohamed Rastam Shahrom at the helm of&nbsp;the airport operator permanently after seven months as acting group chief executive officer, say sources.

MAHB to name Mohamed Rastam as permanent CEO soon, sources say

Shares of Farm Price Holdings Bhd (KL:FPHB) surged 100% in its trading debut on Tuesday after the fresh vegetable wholesaler and distributor’s initial public offering (IPO) on the ACE Market raised RM24.48 million.

Farm Price makes impressive debut on ACE Market at 48 sen versus IPO price of 24 sen

KUALA LUMPUR (May 13): The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by the import of dioctyl terephthalate (DOTP) from Malaysia, Poland, Taiwan and Türkiye.

US investigating sale of plasticizers for PVC from Malaysia, other countries

Shares of Dialog Group Bhd (KL:DIALOG) hit a 15-month high on Tuesday after the company's third-quarter results came in slightly stronger than expected while analysts broadly told investors to accumulate the stock.

Dialog shares rally to 15-month high on strong 3Q results

KUALA LUMPUR (May 14): Shares of PTT Synergy Group Bhd (KL:PTT) soared on Tuesday to their highest in nearly 24 years, as news of two construction contracts worth RM169.85 million attracted the attention of investors.&nbsp;

PTT Synergy shares soar to over two-decade high on contract news

KUALA LUMPUR (May 14): Businessman Tan Sri Halim Saad’s latest suit against former prime minister Tun Dr Mahathir Mohamad, Tan Sri Nor Mohamed Yakcop and the federal government, in which Halim claimed his constitutional rights under Articles 8(1) and 12(1)(2) of the Federal Constitution for the government’s purchase of 32.69% stake in Renong Bhd from United Engineers Malaysia Bhd (UEM), a unit of Renong Bhd, has been struck out.

The public has been reminded to remain vigilant against scams involving individuals impersonating National Scam Response Centre (NSRC) officers, which may result in monetary losses.

Shares of AME Elite Consortium Bhd (KL:AME) rose to a new all-time high on Tuesday after the company announced a land sale for RM209.84 million to a Hong Kong-based data centre operator.

KUALA LUMPUR (May 14): Shares of Carlsberg Brewery Malaysia Bhd (KL:CARLSBG) surged to a three-month high on Tuesday, as analysts continued to recommend “buy” for the stock, following the group’s first quarter results.&nbsp;

Carlsberg Malaysia climbs to three-month high as analysts see better prospects after 1Q results

Shares of Swift Haulage Bhd (KL:SWIFT) eased off their three-month high on Tuesday as analysts flagged headwinds ahead following weaker-than-expected first-quarter results.

Swift Haulage off three-month high as analysts flag headwinds after below-view 1Q

The S&amp;P 500 closed very slightly lower on Monday as investors took a breather after three weekly gains while they awaited key inflation readings and earnings reports due this week while a survey showed consumers concerned about inflation.

S&P 500 barely changes as investors hold tight ahead of inflation data

The comfortable win by the Pakatan Harapan (PH) and unity government's candidate Pang Sock Tao in the recent Kuala Kubu Baharu (KKB) by-election was indeed an impressive one where the overall vote share increased from 54.4% to 56.6% and the previous majority was almost maintained (4,119 in 2023 versus 3,869 in 2024) even though turnout decreased (from 67.6% to 61.5%) .

Kuala Kubu Baharu by-election a confidence-building victory for PH and unity govt, but warnings signs need to be heeded

RHB Retail Research said Cloudpoint Technology Bhd (KL:CLOUDPT) is set to resume its uptrend after observing a breakout above the 68 sen level last Thursday — backed by surging volume.

Cloudpoint set to resume its uptrend, says RHB Retail Research 

KUALA LUMPUR (May 13): The narrowing gap between the valuations of the small-cap stocks versus that of big-cap ones on Bursa Malaysia&nbsp;present opportunities for investors who are willing to navigate the market with diligence and insight, according to RHB Investment Bank Research.

MIDF Research said it foresees Malaysia’s civil engineering segment, particularly under the public corporations, to continue growing strongly amid key infrastructure projects such as Penang Light Rail Transit, East Coast Rail Link and potential projects like high-speed rail and Mass Rapid Transit Line 3.

MIDF foresees Malaysia’s public civil engineering segment to continue growing strongly

Global stock indexes were little changed on Monday while the US dollar index eased as investors awaited this week's US inflation data that is expected to be key for the outlook for US interest rates.

Stocks near flat, dollar dips as focus shifts to US inflation data

As President Joe Biden prepares a new wave of tariffs against China, a US soybean trade group is pushing for higher levies on Chinese used cooking oil that it says is undercutting American crops used for biofuels.

Flood of Chinese used cooking oil spurs call to boost US tariffs

The US ordered a Chinese crypto mining company to vacate and sell a property it bought near a Wyoming Air Force base that houses intercontinental ballistic missiles, calling the firm a national security threat.

US kicks Chinese crypto miner off land near air force base

RHB Retail Research said Tasco Bhd (KL:TASCO) is poised for an uptrend reversal after rebounding above the 21-day simple moving average line while recently testing the 88 sen immediate resistance on strong volume.

Tasco poised for uptrend reversal, says RHB Retail Research 

(May 13): Walmart&nbsp;is cutting hundreds of corporate jobs and asking most remote workers to move to offices, the Wall Street Journal reported on Monday, citing people familiar with the matter.

Meanwhile, workers at the U.S. retail giant's smaller offices in Dallas, Atlanta a...