OVER the past half a century, Paramount Corp Bhd made big strides. It started from its brick-and-mortar roots as a humble rice miller to become a listed property player with investments in education. Now, it has become a disruptor as it ventures into the fintech space.

The group recentl...

Special Report: Paramount: From brick and mortar to digital disruptor 

FUNDAZTIC was founded by Paramount Corp Bhd CEO Jeffrey Chew and soft-launched in July 2017 after getting the green light from the Securities Commission Malaysia (SC) for peer-to-peer (P2P) financing in the country in November 2016.

Through the platform, micro businesses, small and medi...

Special Report:  The Fundaztic journey

IT has been a little more than five years since Censof Holdings Bhd acquired 45% of TIME Engineering Bhd (now known as Dagang NeXchange Bhd) for RM69 million or 20 sen a share from state-controlled investment arm Khazanah Nasional Bhd.

Since then, Censof has trimmed its stake to 17%, bu...

‘Genaxis has a lot of growth potential’ 

DAGANG NeXchange Bhd (DNeX) is looking to replicate its National Single Window (NSW) for trade facilitation in Asia-Pacific and Africa.

Towards this end, talks have been ongoing and DNeX is expected to take part in some of the tenders.

“I think we are prepared for that (expans...

DNeX looking to expand its National Single Window 

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) aims to secure RM910 million in sales this year, from the launches it has in the pipeline worth up to RM1.3 billion in gross development value (GDV).

For 2015, the group plans to launch The Grid @ Kia Peng in June with a GDV of RM400 mil...

MRCB eyes RM910m sales this year

KUALA LUMPUR (Apr 16): Petroliam Nasional Bhd's (Petronas) real estate investment trust may add two multi-billion ringgit prime land assets here into its porfolio.

KLCC Real Estate Investment Trust (KLCC REIT) chief executive officer Datuk Hashim Wahir said it might acquire the two mixe...

Petronas real estate arm eyes multi-billion ringgit KLCC assets

KUALA LUMPUR (April 1): UOB Asset Management (Malaysia) Bhd (UOBAM) aims to achieve 20% to 30% growth in asset under management (AUM) in 2015, driven by launches of new products every six weeks.

As at January 31, UOBAM's AUM stood at RM5.16 billion.

UOBAM CEO Lim Suet Ling sai...

UOB Asset Management eyes 30% AUM growth in 2015

KUALA LUMPUR (Mar 31): IDC Market Research (M) Sdn Bhd (IDC Malaysia) said the implementation of the Goods and Services Tax (GST) on April 1 will mostly impact the personal computer (PC) market, among other IT devices.

IDC Malaysia personal computer (PC) market analyst Ng Juan Jin said ...

IDC M'sia: PC market to shrink 10% in 2Q15, post-GST

KUALA LUMPUR (Mar 27): Yinson Holdings Bhd’s net profit for the fourth quarter ended Jan 31, 2015 (4QFY15) was largely unchanged at RM99.73 million compared to the RM98.59 million it recorded in the same corresponding quarter last year.

Revenue was up a marginal 2% to RM253.62 million f...

Yinson 4Q net profit rises 1% on-year to RM99.73 mil

(April 24): Walmart’s majority-owned fintech startup One has started offering buy now, pay later (BNPL) loans for big-ticket items like electronics and power tools at some of the retailer's U.S. stores, a source said on Tuesday.

The fintech joins peer Affirm as one of the options that W...

Walmart-backed fintech One launches 'buy now, pay later' services, source says

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

What’s next for 5G deployment in Malaysia?

(April 23): Tesla said it will lay off 6,020 employees in Texas and California ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric-vehicle maker's strategy to combat slowing demand and falling margins.

Last week, Tesla announced&nbs...

Tesla to cut more than 6,000 jobs in Texas, California, notices show

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.

Bursa opens higher tracking overnight Wall Street

The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&P Purchasing Managers' Index (PMI) data disappoint.

Ringgit rebounds on softer US dollar after PMI data

Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright lands solar supply deal after forming JV company with Doople

Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.

NationGate may extend upward trajectory, says Rakuten Trade 

RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.

Censof observing technical breakout, says RHB Retail Research 

RHB Retail Research said YBS International Bhd is set to resume its uptrend after climbing above the 80.5 sen immediate resistance, surpassing the 21-day simple moving average line.

YBS International set to resume uptrend, says RHB Retail Research 

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

KomarkCorp, Topmix, PavREIT, Axis REIT, KIP REIT, Cypark, Crest Builders, Capital A, Gadang, Haily, DXN, Inta Bina, Comfort Gloves, AHB

The fatal collision between two Royal Malaysian Navy helicopters that killed 10 personnel abroad could be due to a failure in the critical points of the aircraft structure, aviation expert Assoc Prof Maj Dr Mohd Harridon Mohamed Suffian said.

Critical point failure could’ve led to fatal Lumut chopper crash, says expert

Chin Hin Group Bhd’s conditional mandatory takeover offer to acquire the remaining shares it does not own in Signature International Bhd has turned unconditional, after it aggregated more than 50% of the voting shares.

Chin Hin's MGO for Signature International turns unconditional as shareholding surpasses 50%

The M503-3 Maritime Operations Helicopter (HOM) that was involved in a crash Tuesday morning was used for the first time in the flyby for the 90th Royal Malaysian Navy (TLDM) Anniversary parade.

Downed HOM chopper used for the first time in flyby, says defence minister 

Sarawak’s strategic alliances with the UK's leading industry partners in the development of compound semiconductors will drive innovation to increase the capability of microchips to power new technologies and applications, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

Sarawak eyeing partnership with UK companies to boost semicon capabilities

US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.

Wall Street closes higher as investors digest earnings, megacap outlook

Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.

Tesla to accelerate launch of cheaper cars after sales miss

Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.

Stocks gear up for Big Tech earnings; yen touches multi-year lows

IPOH (April 23): The post-mortems of 10 victims of the tragedy of two helicopters colliding near the Royal Malaysian Navy (TLDM) base in Lumut, currently being carried out at the Raja Permaisuri Bainun Hospital here, are expected to be completed by Wednesday (April 24) afternoon.

Helicopter tragedy: Victims’ post-mortems expected to be completed on April 24 afternoon

Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.

Wall Street's main indexes rose on Tuesday as some growth and chip shares gained, while stocks like General Motors and Spotify advanced on upbeat earnings updates ahead of quarterly reports from big technology companies.

Wall Street gains on bright earnings, megacaps' support

Mergers and acquisitions (M&amp;A) activities fell to the lowest in a decade in 2023. According to the “Global M&amp;A Report” published by Bain &amp; Co, the total M&amp;A market fell by 15% year on year last year to US$3.2 trillion, the lowest in a decade.

M&A activities hit a low in 2023, pickup expected this year

RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.

Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.

Digital payments company Block Inc, formerly known as Square, has finished the development of its Bitcoin mining chip as chief executive Jack Dorsey continues to advocate for a more accessible and decentralised system — an effort he’s championed since 2021.

Jack Dorsey’s block finishes development of Bitcoin mining chip

The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&amp;P Purchasing Managers' Index (PMI) data disappoint.

RHB Retail Research said YBS International Bhd is set to resume its uptrend after climbing above the 80.5 sen immediate resistance, surpassing the 21-day simple moving average line.

International Business Machines Corp (IBM) is in advanced talks to acquire software company HashiCorp Inc, according to people with knowledge of the matter.

IBM is in advanced talks to acquire software provider HashiCorp

KOTA BHARU (April 23): The man involved in&nbsp;the shooting incident at the Kuala Lumpur International Airport (KLIA) in Sepang on April 14 will be charged in a&nbsp;Kota Bharu court on Wednesday (April 24), according to the police.

Ahmad Naqib Idris Adzman Shah

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Ahmad Naqib Idris Adzman Shah

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