<div class=newsTextDataWrapInner>KUALA LUMPUR (June 12): RHB Retail Research said Globetronics Technology Bhd may rebound further after it tested the RM1.50 support recently.</div>

<div class=newsTextDataWrapInner>In a trading stocks note today, the research house said yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment.</div>

<div class=newsTextDataWrapInner>“A bullish bias may appear above the RM1.60 level, with an exit set below the RM1.50 threshold.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>“ Towards the upside, the near-term resistance is at RM1.74. This is followed by the RM1.88 level,” it said.</div>

KUALA LUMPUR (June 12): RHB Retail Research said Globetronics Technology Bhd may rebound further after it tested the RM1.50 support recently.

In a trading stocks note today, the research house said yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish senti...

Globetronics may rebound further, says RHB Retail Research

The Securities Commission Malaysia (SC) said that the Court of Appeal has allowed its appeal against the acquittal of former Malaysian Merchant Marine Bhd (MMM) executive deputy chairman Datuk Ramesh Rajaratnam for insider trading offences.

Appellate court reverses acquittal of ex-MMM deputy chairman for insider trading

The Swiss Army Knife, the iconic, more than century-old fold-up tool used by whittlers, soldiers and even astronauts, will soon be available without a blade.

Victorinox, the company behind the quintessentially Swiss product, is responding to tighter regulations around weapons around the world, Chief Executive Officer Carl Eisner told the Blick newspaper on Monday. Instead, it plans to add tools for cyclists and other functions to a gadget that usually also features scissors and a corkscrew.

Swiss Army Knife goes blade-less as weapons regulations tighten

Yang di-Pertuan Agong Sultan Ibrahim expressed special thanks to outgoing Singapore Prime Minister Lee Hsien Loong for being a close friend to Johor and Malaysia.

King thanks outgoing Singapore PM Lee for being a close friend to Malaysia 

UDA Holdings Bhd is targeting 30% sales for the Neu Pendington serviced apartment and commercial space development project in the first year after its third-quarter launch this year.

President/chief executive officer Datuk Mohd Salem Kailany said the project, Sarawak's first integrated development, is in the process of securing approval for an advertising permit and developer's licence (APDL)

UDA eyes 30% sales from Neu Pendington in the first year

Easy access to social media especially sexual contents is one of the reasons for social problems among children nowadays.

Bukit Aman Criminal Investigation Department director Datuk Seri Mohd Shuhaily Mohd Zain said this happens because children easily get access to negative things, especially pornographic content contained in social media.

Easy access to social media, pornography causing social problems among children

Practice Note 17 (PN17) company Ireka Corp Bhd said its wholly-owned Ireka Development (Terengganu) Sdn Bhd (IDTSB) and the unit's directors are being sued by the Employee Provident Fund (EPF) over unpaid contributions to the fund.

EPF initiates legal action against Ireka unit over unpaid contributions

Loss-making Niche Capital Emas Holdings Bhd has proposed to undertake a private placement of up to 135.74 million shares, or 10% of its issued share capital, to fund its mining business as well as working capital.

Niche Capital aims to raise RM18.7m via private placement to fund mining business

STOCKHOLM (May 6): Sweden's indebted SBB reported a first-quarter loss of 1.3 billion Swedish crowns (US$120 million) on Monday, but predicted that financing conditions would improve, as it made further write downs on the value of its properties.

Sweden's SBB cuts property value further as loss narrows

A man has been sentenced to jail for a month and fined RM3,000 by the Kuala Kubu Baharu magistrate’s court for displaying the King of Malaysia’s photo during the Kuala Kubu Bharu (KKB) by-election campaign.  

Judge Siti Fatimah Talib handed down the sentence on P Ramasamy, 66, after he pleaded guilty.

Man jailed one month, fined RM3,000 for displaying King's photo at by-election campaign

Citi has appointed Damien Tan as head of corporate bank for Singapore. Tan was appointed to the role on May 1.

Citi appoints Damien Tan as head of corporate bank for Singapore

Energy giant Shell is in talks with Saudi Arabia's state-owned Saudi Aramco to sell its gas station business in Malaysia, the second-largest such network in the country, four industry sources aware of the discussions said, and a deal could be worth up to US$1 billion (RM4.74 billion).

Shell in talks to sell Malaysian fuel stations to Saudi Aramco — Reuters

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.

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

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

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

Fraser &amp; Neave Holdings Bhd (F&amp;N) shares surged to their highest in five years on Monday, as better-than-expected results buoyed investors' optimism, while analysts maintained their calls following a briefing.

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

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.

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

For the first time in nearly a generation, fixed income is living up to its name.

At US$2m per minute, US treasuries mint cash like never before

Gamuda Land, the property arm of Gamuda Bhd, welcomed new tenants to its Quayside Mall and an international school to its Quayside Tower, through a memorandum of understanding (MOU) signing ceremony on April 25, according to a press statement on Monday.&nbsp;

Gamuda Land’s Quayside Mall in Kota Kemuning welcomes new tenants; Quayside Tower gets an international school 

The Road Transport Department (JPJ) said that the insurance comparison platform BJAK has not received approval to offer road tax renewal services.

BJAK not authorised for road tax renewal services, says JPJ

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

Anwar scheduled to have online meeting with Google on Monday

Malaysia’s central bank is unlikely to follow its counterparts in Indonesia and Philippines in raising interest rates when its monetary policy committee meets this week, HSBC said.

Malaysia unlikely to follow in Indonesia's, Philippines' rate hike footsteps — HSBC

KUALA LUMPUR (May 6): The Defence Services Asia (DSA) 2024 and National Security (Natsec) Asia 2024 exhibitions are able help the country gauge whether its&nbsp;defence assets are in line with the latest technological advances.

Asia defence services and security exhibition a medium to evaluate national assets in line with current tech — minister

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.&nbsp;

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

LONDON (May 6): High Chinese tariffs on EU brandy would leave French companies with vast amounts of cognac that could be hard to sell elsewhere, according to Reuters' calculations, analysts, and investors who fear firms could be forced to discount.

China opened an anti-dumping investiga...

Chinese tariffs could leave cognac makers with too much brandy

French President Emmanuel Macron and EU Commission chief Ursula von der Leyen urged China's President Xi Jinping to ensure more balanced trade at the start of a visit to Paris by the Chinese leader, during which Macron will also press him on Ukraine.

Macron, Von der Leyen press China's Xi on trade in Paris talks

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.

Coffee variety priciest in 45 years in blow to instant brews

Former prime minister Tan Sri Muhyiddin&nbsp;Yassin's four graft charges, which were&nbsp;reinstated by the Court of Appeal in February, had met all&nbsp;the ingredients of an offence under stipulated laws,&nbsp;and were not ambiguous.

COA written grounds — Muhyiddin’s four charges clear enough, unambiguous 

Global stocks ticked higher on renewed bets that the Federal Reserve would likely ease interest rates this year, while the yen weakened after a strong surge last week from Tokyo's suspected currency intervention.

World shares climb on Fed cut bets, China gains; yen weakens

Ho Hup Construction Co Bhd’s RM1 billion mixed development project in Bukit Jalil will be suspended as it plans to sell the project's 3.09-acre land for RM110 million cash.

The disposal deal, inked between Ho Hup’s wholly-owned unit Bukit Jalil Development Sdn Bhd (BJD) and Exsim Development Sdn Bhd’s wholly-owned subsidiary Exsim Persiaran Jalil Sdn Bhd, is aimed to improve the group’s financial position, it said in a bourse filing on Monday.

Ho Hup's Flex project to be suspended, buyers refunded as Exsim buys land for RM110m

Billionaire investor Warren Buffett said there are “load of opportunities” in India, but he’s leaving them to future management.

Buffett says India holds ‘unexplored’ opportunities for future Berkshire leaders

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