KUALA LUMPUR (Oct 24): The local takaful insurance sector should widen its range of products to increase market penetration, International Centre for Education in Islamic Finance (INCEIF) president and chief executive officer Datuk Dr Mohd Azmi Omar said.

“We need to diversify [takaful ...

Product diversity could boost takaful penetration, says INCEIF

KUALA LUMPUR (Oct 24): The wife of former SJ Securities Sdn Bhd remisier Datuk David Goh Hock Choy was charged today with failure to assist in an investigation and provide a statement to Securities Commission Malaysia (SC) as required under the law.

Chok Chew Lan, a director at Tsunami ...

Wife charged with failing to give statement in share manipulation probe against ex-remisier

KUALA LUMPUR: Mitrajaya Holdings Bhd has bagged a job to be the contractor for the main building works for a condominium project in Precinct 15, Putrajaya, for a contract price of RM132.5 million.

In a filing with Bursa Malaysia yesterday, the construction company said it had accepted a...

Mitrajaya bags RM132.5m Putrajaya construction job

KUALA LUMPUR (Oct 19): Mitrajaya Holdings Bhd has bagged a job to be the contractor for the main building works for a condominium at Precinct 15, Putrajaya, for a contract price of RM132.5 million.

In a filing with Bursa Malaysia today, the construction company said it accepted a letter...

KUALA LUMPUR: Global payments provider Mastercard Inc is urging Malaysia to introduce a national policy to facilitate the use of mobile payments using Quick Response or QR code technology, to get micro small and medium enterprises (SMEs) on board the country’s cashless initiative.

“Micr...

Mastercard pushes for use of QR code to target micro SMEs

KUALA LUMPUR: Foreign selling of Malaysian shares eased for the second consecutive week, narrowing to RM54.2 million last week, compared with RM82.9 million in the previous week, according to MIDF Amanah Investment Bank Bhd.

In a weekly fund flow report yesterday, the research house sai...

Foreign selling eases for second week in a row — MIDF

KUALA LUMPUR (Oct 16): The FBM KLCI fell 3.17 points or 0.2% as investors sold Bursa Malaysia-listed blue chips while rotational interest in smaller-capitalisation stocks continued.

At 12:30pm, the KLCI settled at 1,752.15 points. The index had earlier risen to its highest so far today ...

FBM KLCI down; IWCity rises

KUALA LUMPUR (Oct 16): Foreigners were net sellers of Malaysian shares at RM54.2 million last week after they bought and sold RM1.96 billion and RM2.02 billion worth of shares respectively on the open market.

According to MIDF Amanah Investment Bank Bhd's fund flow report today, interna...

Foreign selling of Malaysian shares eases for second consecutive week — MIDF

KUALA LUMPUR (Oct 13): If the government decides to raise minimum wage levels next year, it will be a boost for domestic demand, said MIDF Amanah Investment Bank Bhd Research.

In an economic review note today, the research house said distributive sales growth started to pick up in the t...

MIDF: Minimum wage increase in 2018 a boon for domestic trade

KUALA LUMPUR (Oct 13): theedgemarkets.com highlighted six stocks with momentum at Bursa Malaysia’s afternoon market close today. Two stocks had positive momentum while four showed negative momentum.

Stocks with positive momentum were:

Asian Pac Holdings Bhd – up 1.5 sen at 18 ...

Asian Pac, XOX, Ancom Logistics, Asia Bioenergy, MESB, Tanco

WASHINGTON (April 26): Ukrainian President Volodymyr Zelenskiy called on Friday for additional air defence systems to be sent to Kyiv to help protect against Russian strikes, adding that a pause in US funding had helped Moscow seize the initiative.

Ukraine's Zelenskiy calls for air defence systems as allies meet

KNM Group Bhd said it is seeking court sanction for a new scheme of arrangement with its creditors. The PN17 group is also seeking a further extension of time to submit its regularisation plan.

KNM seeks fresh scheme of arrangement with creditors

The Employees Provident Fund (EPF) has emerged as the second largest shareholder of aero-engine components manufacturer Sam Engineering & Equipment (M) Bhd, after Singapore's sovereign wealth fund Temasek Holdings Pte Ltd.

EPF emerges as second largest shareholder of Sam Engineering

US equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.

US equity funds see fourth straight week of outflows amid rate cut reassessment

HULU SELANGOR (April 28): The Ministry of Health (MOH) stands by its decision to amend the Medical Act 1971 (Act 50) to bridge the gap between the parallel pathway programme (PPP) and the local medical degree programme, despite objections from some parties.

Health Ministry stands by decision to amend Medical Act 1971

US monthly inflation rose moderately in March, but stubbornly higher housing and transportation costs suggested the Federal Reserve could keep interest rates elevated for a while.

US inflation rises in line with expectations; consumer spending strong

The country’s fifth-generation (5G) network adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.

Fahmi: 5G adoption rate almost 36%, coverage 80.3%, second network unveiling next week

Fast-fashion firm Shein has been drawn under the scope of flagship European Union (EU) rules designed to clamp down on illegal and harmful content online, aimed at stopping the spread of counterfeit items on the platform.

EU hits fast-fashion giant Shein with new digital rules

Anglo American rejected rival miner BHP Group's £31.1 billion pound (RM186 billion) takeover proposal on Friday, saying the bid significantly undervalued the London-listed miner and its future prospects.

Anglo American rejects BHP's US$39b takeover proposal

HOUSTON/BENGALURU (April 26): Oil giant Chevron Corp beat estimates for first-quarter profit on Friday, as higher production volumes in the US helped offset a hit from weak natural gas prices and fuel margins.

Chevron posts 1Q profit beat with oil production gains

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

The Inland Revenue Board (IRB) on Friday announced that the deadline for taxpayers to submit Form E and CP8D has been extended to May 31.

Deadline to submit Form E, CP8D extended to May 31, says IRB

Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.

Berjaya Corp denies participation in talks to revive Forest City casino resort

Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.

Maxis could lead second 5G network roll-out with new consortium partner, says RHB Research

Analysts believe Capital A Bhd's proposed restructuring plan will help the group exit the Practice Note 17 (PN17) status and enhance its competitiveness, as well as provide benefits to AirAsia X Bhd's (AAX) shareholders in terms of free warrants and improved company valuation post restructuring.

Analysts positive restructuring plan will uplift Capital A's PN17 status, benefit AirAsia X shareholders

The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.

Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

Asia’s richest banker loses US$1.2 bil after RBI ban

Malayan Banking Bhd (Maybank) has obtained a summary judgement at the High Court here against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.47 million loan given to them by the bank.

Maybank obtains summary judgement against ACE Corporation, three others for RM46m loan default

Shares in ViTrox Corp Bhd fell to their lowest in a month, as first-quarter results disappointed investors, while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

ViTrox fell as much as 6% before ending the day at RM7.40, its lowest since March 26, 2024. The stock was still down a little under 3% at the closing bell after 5.29 million shares changed hands. In contrast, the country’s benchmark index FBM KLCI was 0.4% higher.

ViTrox slips to one-month low as 1Q disappoints, analysts raise caution

KUALA LUMPUR (April 26): Gamuda Land, the property arm of Gamuda Bhd, has unveiled partners for Gardens Square, the latest commercial development at the 810-acre Gamuda Gardens in Sungai Buloh.

Gamuda Land announces retail partners for upcoming commercial development in Gamuda Gardens

Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.

Anwar wants action taken against Forest City casino licence news report

The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.

The Employees Provident Fund (EPF) has emerged as the second largest shareholder of aero-engine components manufacturer Sam Engineering &amp; Equipment (M) Bhd, after Singapore's sovereign wealth fund Temasek Holdings Pte Ltd.

Nestle (Malaysia) Bhd is slated to raise prices for 22 of its products starting July 1, according to the Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM).

Nestle Malaysia to adjust prices of 22 products starting July 1

Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered a restructuring plan that would make the company the largest low-cost carrier in Southeast Asia.

AirAsia X logs best day in six months on Capital A restructuring

YNH Property Bhd (YNH) issued a clarification to bondholders via Malaysian Trustee Bhd on the technical default of its Islamic notes, as well as the status of its mall sale and the appointment of a new auditor.

YNH says it has remedied 'technical default' involving sukuk programme

MYAirline Sdn Bhd will continue to retain its nominated post holders as well as key personnel, while ensuring that its air operator’s certificate (AOC) documentation remains as current as possible.

MYAirline seeking multiple investors, to retain nominated post holders

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack technology and features once considered premium into electric vehicles (EVs) as cheap as US$20,000 (RM95,525) — less than half the cost of an average new car in the US, now more than US$48,000.

Anette Appaduray

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