<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 11): The Employees Provident Fund Board has ceased to be a substantial shareholder in Only World Group Holdings Bhd (OWG), after disposing 171,000 shares, reducing its shareholding in the company to 4.96%.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, OWG said EPF ceased to be a substantial shareholder in the company on March 8.</p></div>

<div class=newsTextDataWrapInner><p>The pension fund has been paring down its stake in the company since Feb 23. On Feb 23, EPF owned 5.51% shares of OWG.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>OWG, which was listed on Bursa Malaysia in late 2014 at an issue price of 88 sen, raised close to RM50 million via its initial public offering.</p></div>

<div class=newsTextDataWrapInner><p>Year-to-date, the stock has risen 217.44%, outperforming the FBM KLCI, which has declined 3.67%.</p></div>

<div class=newsTextDataWrapInner><p>The company clinched the revitalisation of the 65-storey iconic Komtar tower in Penang, a project mooted by the state government in December 2012.</p></div>

<div class=newsTextDataWrapInner><p>OWG shares closed one sen or 0.43% higher at RM2.33 today, with a market capitalisation of RM542.88 million.</p></div>


KUALA LUMPUR (March 11): The Employees Provident Fund Board has ceased to be a substantial shareholder in Only World Group Holdings Bhd (OWG), after disposing 171,000 shares, reducing its shareholding in the company to 4.96%.

In a filing with Bursa Malaysia today, OWG said EPF ceased to...

EPF ceases to be Only World Group's substantial shareholder

Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.

MACC officer says Najib given ample opportunity to elaborate while statements were recorded

Asia’s international financial hub Labuan International Business and Financial Centre (Labuan IBFC) sees moderate growth in the aviation leasing sector in 2024, due to higher oil prices.

Labuan IBFC sees moderate growth in aviation leasing sector due to higher oil prices

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

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The Malaysian Association of Asset Managers (MAAM) announced the election of its new committee members and principal officers for the 2024 to 2026 term.

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Majuperak Holdings Bhd (MHB) will collaborate with Shizen International Inc to explore the development of a solar photovoltaic (PV) project to expand Perak’s clean energy technology usage.

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The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.

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Berjaya Corp Bhd (BCorp) has denied that its founder Tan Sri Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently.

Berjaya Corp denies participation in talks to revive Forest City casino resort

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<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>


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<p>Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.</p>


<p>Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.</p>


Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

<p>Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.</p>


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<p>Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.</p>


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<p>Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.</p>


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<p>RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.</p>


YTL Corp eyeing to extend upside movement, says RHB Retail Research 

<p>Analysts are positive that Capital A Bhd's proposed restructuring plan to streamline its aviation segments will help it exit the Practice Note 17 (PN17) status and enhance its competitive stance against established full-service carriers.</p>


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<p>RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.</p>


VS Industry poised to continue bullish trajectory, says RHB Retail Research 

<p>The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.</p>


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<p>The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.</p>

<p>China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack technology and features once considered premium into electric vehicles (EVs) as cheap as US$20,000 (RM95,525) — less than half the cost of an average new car in the US, now more than US$48,000.</p>


Battle for 'tech luxury' in China as EVs get smarter — and cheaper

<p>European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.</p>


Record US$8.8 bil pulled from US sustainable funds in 1Q

<p>Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.</p>


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<p>The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.</p>


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<p>Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.</p>


<p><em><strong>More to come</strong></em></p>
...

<p>The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has signed a memorandum of understanding (MOU) with Beijing Zhongguancun Science City Innovation Development Co Ltd to collaborate on several strategic initiatives aimed at fostering significant advancements in technology and innovation.</p>


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<p>The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.</p>


<p>Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.</p>


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<p>Asian shares rose cautiously on Friday as markets sobered up to the idea that US rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy decision by the Bank of Japan (BOJ).</p>
