<div class=newsTextDataWrapInner>KUALA LUMPUR (March 31): The Ministry of Finance’s special purpose vehicle (SPV), Urusharta Jamaah Sdn Bhd, has ceased to be substantial shareholder of CSC Steel Holdings Bhd, after selling 507,000 shares or a 0.13% stake in the listed company.</div>

<div class=newsTextDataWrapInner>Urusharta Jamaah first emerged as a substantial shareholder of CSC Steel on Dec 28, 2018, when it took over the stake from Lembaga Tabung Haji. It owned a total of 27.28 million CSC Steel’s shares, amounting to a 7.38% stakes.</div>

<div class=newsTextDataWrapInner>According to Bursa filings, Urusharta Jamaah started to pare its stake in CSC Steel since March 6.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>Shares of CSC Steel closed up 0.5 sen or 0.8% today at 60.5 sen. Year-to-date, the stock has fallen 42.9%.</div>

KUALA LUMPUR (March 31): The Ministry of Finance’s special purpose vehicle (SPV), Urusharta Jamaah Sdn Bhd, has ceased to be substantial shareholder of CSC Steel Holdings Bhd, after selling 507,000 shares or a 0.13% stake in the listed company.

Urusharta Jamaah first emerged as a substantial shareholder of CSC Steel on Dec 28, 2018, when it took over the stake from Lembaga Tabung Haji. It owned a total of 27.28 million CSC Steel’s shares, amounting to a 7.38% stakes.

Urusharta Jamaah exits as CSC Steel’s substantial shareholder

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the US as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

Housing affordability remains a key concern among Malaysians, and property development and construction industries have been addressing the issue to make homes affordable for more people.

In providing affordable homes, Sabah-based contractor and property developer KTI Landmark Bhd does ...

Cover Story: KTI  Landmark charts new horizons with ACE Market listing

Oil prices fell for a third day on Wednesday amid increasing hopes of a ceasefire agreement in the Middle East and on rising crude inventories and production in the US, the world's biggest oil consumer.

Oil falls for a third day as Middle East ceasefire hopes rise 

Prime Minister Datuk Seri Anwar Ibrahim on Wednesday announced that civil servants will enjoy a salary hike of more than 13% starting December this year, among the highest increase in the nation’s history.

Anwar announces over 13% salary hike for civil servants

(May 1): Mirzan Mahathir, the son of former Malaysian prime minister Tun Dr Mahathir Mohamad, intends to invest US$100 million (RM477 million) in a cement factory in South Sudan.

If approvals are granted timeously, the plant should be operational in 24 months and will use limestone from...

Dr M’s son Mirzan planning US$100m Africa investment

Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services.

Microsoft to open first regional data centre in Thailand

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

A water supply company chief executive officer and a company owner have been remanded for three days starting Wednesday to facilitate an ongoing graft investigation into bribery and false claims.

CEO of water supply company, business owner remanded in graft probe 

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

HAVING identified artificial intelligence (AI) opportunities in Malaysia, SNS Network Technology Bhd now expects a meaningful contribution from its newly ventured data centre fit-out business segment.

Besides selling AI super servers, the ICT system and solutions provider is also involv...

SNS Network aims to tap country’s data centre boom through new venture

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the US as well as in overseas markets.

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

AirAsia believes it is capable of dealing with rising fuel prices and unfavourable currency movements, which continue to heighten global challenges.

AirAsia can handle volatile currency movements, oil prices — Tony Fernandes

The Philippines on Wednesday accused China's coast guard of elevating tensions in the South China Sea after two vessels suffered damage from water cannon use by Beijing, an official said.

Philippines says Chinese coast guard elevating tensions in South China Sea

Manchester United said on Tuesday that interim CEO Patrick Stewart and CFO Cliff Baty will step down from their positions at the end of the season

Manchester United's interim CEO, CFO to step down

IN the current oil and gas (O&amp;G) industry upcycle, cash-rich Deleum Bhd is embarking on multiple strategies that include mergers and acquisitions (M&amp;A), geographical expansion and investment in early stage companies to kick-start its future growth plan.

The oilfield services com...

Deleum plans tech and regional M&A for future growth

Prime Minister Lee Hsien Loong called on Singaporeans to rally behind his successor as he prepares to step aside later this month after a two decades-long stint in power.

Lee asks Singapore to rally behind his successor in final address

Oil prices fell for a third day on Wednesday amid increasing hopes of a ceasefire agreement in the Middle East and on rising crude inventories and production in the US, the world's biggest oil consumer.

Johor must push for a higher rate of automation, adoption of new technologies as well as higher wages across the board to capitalise on the Johor-Singapore Special Economic Zone (JS-SEZ), Deputy Investment, Trade and Industry Minister Liew Chin Tong said.

Johor corporates urged to boost automation, technology adoption and wages

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Police apprehended 11 individuals suspected of being part of a fake job scam and non-existent investment syndicate during a raid on two residential units in the city at approximately 6pm on Monday.