Malaysian equities could see further upside in 2H22 on the back of the continuation of foreign inflows amid cheap valuations and better-than-expected earnings prospects, said Rakuten Trade Research.

'Subdued' Malaysian equities still have upside in 2H22, says Rakuten Trade Research

Sapura Energy Bhd has kick-started its asset sale process to address its cash flow and balance sheet position with the planned disposal of heavy-lift and pipelay vessel Sapura 3000 for US$71.5 million (RM312.85 million).

Sapura Energy begins asset sale with US$71m Sapura 3000 disposal

TIME dotCom Bhd's first quarter net profit eased 0.78% to RM90.65 million, from RM91.35 million a year earlier, on higher depreciation charged, staff-related costs and impact of foreign exchange movements.

TIME's 1Q net profit eases on higher depreciation and staff costs, forex loss

KUALA LUMPUR (May 30): Nestcon Bhd said it has received and accepted a letter of intent (LoI) to undertake civil and associated subcontract works for the 300MW Nenggiri Hydroelectric project, valued at RM91.18 million.

Nestcon accepts Letter of Intent to undertake RM91 mil Nenggiri dam subcontract

RHB Bank Bhd's net profit in the first quarter ended March 31, 2022 (1QFY22) fell 7.69% year-on-year (y-o-y) to RM600.27 million from RM650.63 million no thanks to higher taxes — which was up 35% y-o-y to RM289.3 million — and lower net income.

RHB 1Q profit down 7% y-o-y to RM600.27m due to higher tax, lower net income

HIGHER prices of solar panels are slowing the rollout of solar photovoltaic (PV) projects, especially large scale solar (LSS) farms with very competitive tariff bids.

From record lows in 2020, solar panel prices, which make up more than half of project costs if the land costs are exclud...

Rising costs affecting LSS progress

THOSE who are interested in Malaysia’s solar photovoltaic (PV) sector often point to the big industry catalysts such as the Large Scale Solar (LSS) scheme, which involves a capacity of 823mw under the latest round of contracts that were awarded in 2021.

The LSS scheme, involving a total...

The lure of small-scale solar

In an about-turn, GIIB Holdings Bhd has redesignated Wong Weng Yew, whom the company terminated as executive director on allegations of misconduct, as a non-independent non-executive director.

Wong’s redesignation is effective on Friday (May 27), GIIB’s filing showed. No explanation was given by GIIB on the matter.

In about-turn, GIIB 'redesignates' terminated executive director Wong Weng Yew as non-executive director

KUALA LUMPUR (May 26): Yes 5G — one of two mobile networks which has signed up for Digital Nasional Bhd’s (DNB) 5G infrastructure — has announced new 5G-ready mobile network plans, which offer average data charges of 30 sen per GB under its “5G for All” campaign.

Yes launches 5G mobile plans

KNM Group Bhd is selling its entire stake in Borsig GmbH, a German-based process equipment manufacturer, to GPR Siebzigste Verwaltungsgesellschaft mbH (GSV) for €220.8 million (RM1.03 billion), but is expected to make an estimated loss of RM490.55 million from the disposal.

KNM to sell Borsig at a loss for RM1 billion

Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

Indonesia’s Ruang becomes ghost island as volcano erupts

The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

Survivors of Sungkai plane crash identified

The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

CAAM confirms Cessna 172N Skyhawk aircraft crashed near Felda Gunung Besout

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

Melaka aims to boost local businesses, eyes more listings on Bursa Malaysia

The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

Loke: Govt studying Ocean Infinity's proposal to resume search for MH370

Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Progress of ECRL project in four states reaches 65%, says Loke

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

Light aircraft crashes in Sungkai, two passengers survive

Malaysia's latest position in the Press Freedom Index is still considered good compared to the previous government, said Communications Minister Fahmi Fadzil.

Malaysia's press freedom index position is still good, says Fahmi

The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.

Philippines' central bank tightens dirty money risk reporting rule

The Kuala Kubu Baharu (KKB) by-election campaign is entering a critical period for all contesting parties and candidates to redouble their efforts to win as many votes as possible.

KKB polls: Parties, candidates redoubling efforts as campaign enters critical period

Retail sales typically slow in the second quarter of the year as consumers take a breather from spending after the festivities in the first quarter. As such, when retailers say their sales fell short of expectations during the two major festive periods so far this year, it is time to pay attention.

Retailers fear current weakness in consumer spending

Will Bank Negara Malaysia’s Monetary Policy Committee follow its Indonesian counterparts by raising interest rates when it holds its next meeting on Wednesday and Thursday?

The Week Ahead: All eyes on Bank Negara’s monetary policy meeting, Xi’s three-nation European trip

Hollywood superstar and acclaimed Malaysian actress Tan Sri Michelle Yeoh has received the prestigious Presidential Medal of Freedom from US President Joe Biden on Friday.

Michelle Yeoh receives Presidential Medal of Freedom from Biden

King Charles and other senior British royals are to relinquish patronages of almost 200 charities and organisations after a review of their association with more than 1,000 groups, Buckingham Palace said on Saturday.

King Charles and UK royals to relinquish dozens of patronages

The prospect of interest rates remaining elevated as the Federal Reserve (Fed) battles inflation is further clouding the outlook for shares of smaller US companies, which have lagged broader markets this year.

US small caps struggle as elevated interest rates take a toll

Electric vehicle (EV) maker Zeekr Intelligent Technology Holding said on Friday it was targeting a valuation of up to US$5.13 billion (RM24.32 billion) in its US initial public offering (IPO), the first major floatation of a China-based company in more than two years.

China's Zeekr seeks up to US$5.13b valuation in US IPO

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

The Kuala Kubu Baharu (KKB) by-election campaign is entering a critical period for all contesting parties and candidates to redouble their efforts to win as many votes as possible.

US Treasury Secretary Janet Yellen said she still sees underlying price pressures receding even as a tight housing supply has helped stall the downward path of inflation.

Yellen says fundamentals still point to slowing inflation

Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

The Philippines central bank will require financial institutions to submit a report within 24 hours of discovering risks linked to money laundering and terrorist financing, as the Southeast Asian nation steps up its fight against illicit transactions.

The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

Google and the US Justice Department wrapped up closing arguments on Friday over claims that the Alphabet unit has unlawfully dominated web search and related advertising, in a case the government contends could shape the “future of the internet”.

Google trial wraps up as judge weighs landmark US antitrust claims

The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

This year marks the 30th anniversary of the United Nations’ International Year of the Family (IYF). In the decades since the IYF was proclaimed, demographic shifts, technological transformations, migration, urbanization, and climate change have upended societies around the world. Responding effec...

The Frontiers Of Growth: As Families Change, So Must the Safety Net

Malaysia's latest position in the Press Freedom Index is still considered good compared to the previous government, said Communications Minister Fahmi Fadzil.

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