<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 26): Genetech Technology Bhd announced today that the group has secured new orders worth RM46.1 million.</p></div>

<div class=newsTextDataWrapInner><p>The orders were secured from its existing clients in the electronics, semiconductor, and hard disk drive industry (RM13.6 million), as well as automotive industries (RM32.5 million), its exchange filing today showed.</p></div>

<div class=newsTextDataWrapInner><p>According to Genetec, the tenure of the project ranges from three to nine months, depending on its size and scope of works. &nbsp;</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The orders are expected to contributed positively to Genetec’s earnings for its financial year ending March 31, 2020 (FY20).</p></div>

<div class=newsTextDataWrapInner><p>Shares of Genetec closed three sen or 1.55% lower at RM1.90 today. At its current price, the ACE Market-listed group, principally involved in industrial automation, is valued at RM79.68 million.</p></div>


Genetech Technology Bhd announced today that the group has secured new orders worth RM46.1 million.

Genetec secures orders worth RM46.1 mil

Philippines President Ferdinand Marcos Jr said on Monday the country will not use water cannons or any offensive weapons in the South China Sea.

The last thing the Philippines wants to do is to raise tensions in the strategic waterway, Marcos told reporters.

Philippines says won't raise South China Sea tensions, won't use water cannons

KUALA LUMPUR (May 6): Fraser & Neave Holdings Bhd (F&N) shares surged to their highest in five years on Monday, as better-than-expected results, buoyed investor optimism, while analysts maintained their calls following a briefing.

F&N surges to five-year high on better earnings, outlook

The Ministry of Investment, Trade and Industry (Miti) must be congratulated for bringing in US$2.2 billion (RM10.4 billion) in investments from Microsoft Corp, the tech giant’s largest outlay ever in its 32-year history in Malaysia.

Frankly Speaking: No resting on laurels for Miti

The Attorney General's Chambers (AGC) will be objecting to Muar Member of Parliament (MP) Syed Saddiq's leave application to commence legal proceedings against Prime Minister Datuk Seri Anwar Ibrahim and the government over RM730,300 in allocations for his constituency.

AGC to object Syed Saddiq's leave application over unpaid allocations

Proton Holdings Bhd reported on Monday its car sales rose by 17.1% to 11,025 vehicles in April (including domestic and exports) compared to the 9,415 units sold last year.

Proton records sales of 11,025 units in April, higher by 17.1% y-o-y

KUALA LUMPUR (May 6): The government is finalising the regulatory framework for online services platforms which aims to, among others, protect children from potential harms associated with early media exposure, according to Communications Minister Fahmi Fadzil.

Govt finalising online services platform’s regulatory framework for child protection, says Fahmi

NCT Group of Companies has signed memorandums of understanding (MOUs) with SMARTSEL Sdn Bhd and Mikro Sdn Bhd to scale up the capabilities of the NCT Smart Industrial Park (NSIP), while introducing advanced sustainability practices geared to positively impact its carbon footprint.

NCT inks deal to integrate 4G and 5G networks at NCT Smart Industrial Park

Panama's former security minister Jose Raul Mulino on Sunday stormed to victory in a presidential poll dominated by his old boss, the popular ex-leader Ricardo Martinelli, who buttressed his campaign despite being holed up in Nicaragua's embassy.

Panama's Mulino wins presidency with support from convicted former leader

Moneylending is a high-margin, high-risk business. Margins can easily go up to 50% or more, depending on the clientele. However, the risk is extremely high, especially for non-bank firms.

Frankly Speaking: Apex Equity’s moneylending business under scrutiny

The case for a European Central Bank (ECB) interest rate cut in June is getting stronger as services inflation is finally starting to ease, ECB chief economist Philip Lane told Spanish newspaper El Confidencial on Monday.

ECB rate cut case getting stronger, says chief economist

<p>The FBM KLCI’s uptrend has been relentless since mid-April as accumulation on blue chips&nbsp;by both local institutions and foreign funds continues, according to Rakuten Trade.</p>


Banks, construction to be in focus as FBM KLCI could test 1,600 soon, says Rakuten Trade 

<p>BMI, a Fitch Solutions company, said Malaysia's deepwater explorations are expected to accelerate as more investments are directed towards under-explored areas.</p>


BMI: Deepwater exploration in Malaysia gathers momentum

<p>Foreign buying of Malaysian equities surged 3.6 times to RM1.06 billion last week from RM292.2 million the prior week, as they net bought every day of the week.</p>


Foreign buying of local equities surged to RM1.06b last week, says MIDF

<p>KUALA LUMPUR (May 6): Fraser &amp; Neave Holdings Bhd (F&amp;N) shares surged to their highest in five years on Monday, as better-than-expected results, buoyed investor optimism, while analysts maintained their calls following a briefing.</p>


<p>The Securities Commission Malaysia (SC) has updated its Investor Alert List.</p>

<p>In an alert last Thursday, the commission said the following persons/entities were added to the list:</p>


SC adds six entities to Investor Alert List, four being potential clones

<p>Phillip Capital has initiated coverage on T7 Global Bhd with a “buy” rating at 53 sen and a target price of 68 sen.</p>


Phillip Capital starts coverage on T7 Global, target price 68 sen 

<p>Maybank Investment Bank (Maybank IB) on Monday began coverage of SAM Engineering &amp; Equipment (M) Bhd with a counter-consensus ‘buy’ call, betting on the cyclical recovery of aerospace and semiconductor sectors.</p>


Maybank IB joins coverage of SAM Engineering with counter-consensus ‘buy’ call

<p>Prime Minister Datuk Seri Anwar Ibrahim will be having an online meeting with tech giant Google on Monday.</p>

<p>Without disclosing more details on the issues to be discussed, he said Malaysia has continued to receive interests from foreign investors.</p>


Anwar scheduled to have online meeting with Google on Monday

<p>Across much of the developed world, one of the most dependable drivers of economic growth is faltering.</p>

<p>For decades, the rapid inflow of migrants helped countries including Canada, Australia and the UK stave off the demographic drag from aging populations and falling birth rates.</p>


Global housing shortages are crushing immigration-fuelled growth

<p>President Xi Jinping has arrived in France to begin talks aimed at stabilising China’s relationship with Europe, as he tries to perform damage limitation on trade ties with the key bloc.</p>


Xi begins Europe tour in Paris as Macron seeks to reset ties

<p>EQT AB agreed to buy technology consultant Perficient Inc in a deal valued at about US$3 billion (RM14.22 billion) including debt.</p>


EQT to buy tech consultant Perficient in US$3b deal

<p>Asian stocks rose on Monday on renewed bets that the Federal Reserve (Fed) would likely ease rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.</p>


Asia shares rally on Fed cut bets; yen pares gains

<p>Yang di-Pertuan Agong Sultan Ibrahim Sultan Iskandar and Raja Permaisuri Agong Raja Zarith Sofiah arrived in Singapore on Monday for a two-day state visit to the republic.</p>


King, Queen arrive in Singapore for maiden state visit

<p>Analysts have raised their earnings forecasts and target prices (TPs) for plastic packaging maker SLP Resources Bhd, after the group's latest financial results beat their expectations due to improved product mix and higher output.</p>


Analysts raise SLP Resources earnings forecasts, TPs after strong 1Q performance

<p>Australia’s housing rental value hit a fresh record in April with some cities seeing renewed growth momentum, a troubling sign for the Reserve Bank that’s likely to leave borrowing costs at a 12-year high this week to stave off price pressures.</p>


Australia’s housing rent hits record high in headache for central bank

<p>The new chief executive of Brooks Running said the running shoe maker owned by Warren Buffett's Berkshire Hathaway&nbsp;views China and Europe as growth areas for a business that generates most revenue in the US.</p>


Berkshire's Brooks Running CEO sees China, Europe as growth areas

<p>Robusta coffee prices have climbed to the highest in 45 years, according to the International Coffee Organisation (ICO), as a supply crunch intensifies for the variety used in espresso blends and instant drinks.</p>


Coffee variety priciest in 45 years in blow to instant brews

<p>NCT Group of Companies has signed memorandums of understanding (MOUs) with SMARTSEL Sdn Bhd and Mikro Sdn Bhd to scale up the capabilities of the NCT Smart Industrial Park (NSIP), while introducing advanced sustainability practices geared to positively impact its carbon footprint.</p>


<p>Qantas Airways Ltd will pay a A$100 million (RM313.78 million) penalty and compensate passengers for selling tickets on thousands of flights it had already decided to cancel, as chief executive officer Vanessa Hudson continues costly repairs to the airline’s battered reputation.</p>


Qantas settles ‘ghost flight’ lawsuit as cleanup costs mount

<p>Global petrol demand growth could halve in 2024, squeezing second-half refinery margins, analysts said, driven by a shift to electric cars in China and the US and a return to normal consumption after last year's bounce following Covid-19.</p>
