KUALA LUMPUR: News of IHH Healthcare Bhd’s proposed US$1.3 billion (RM5.04 billion) bid for Fortis Healthcare Ltd, which would beat the offer from the TPG-backed Manipal Health Enterprises, evokes a sense of déjà vu for those who remember Khazanah Nasional Bhd’s acquisition of Singapore-listed co...

Familiar script in IHH’s counter bid for Fortis in India

KUALA LUMPUR (April 12): Malayan Banking Bhd (Maybank) said today it is confident of maintaining its strong financial performance this year.

President and chief executive officer Datuk Abdul Farid Alias said the group is hopeful of achieving another record year for the year ended Dec 31...

Maybank hopeful of another record year in FY18

KUALA LUMPUR: Airport operator Malaysia Airports Holdings Bhd (MAHB) is expected to see a significant increase in the number of passengers passing through the 39 airports it manages during the election month of May.

The surge in domestic flight movements is also likely to drive airlines...

Airports, airlines to gain from voters coming home

KUALA LUMPUR (April 11): The FBM KLCI rose 8.91 points or 0.5% while volume across Bursa Malaysia exceeded four billion shares amid certainty on Malaysia's 14th general election (GE14) timing.

Yesterday, the Election Commission announced that GE14's polling date will be on May 9 while t...

KLCI gains as Bursa share volume exceeds four billion amid GE14 certainty

KUALA LUMPUR (April 11): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock displayed positive momentum while four showed negative momentum.

The stock with positive momentum was:

NWP Holdings Bhd - down 0.5 sen ...

NWP, Asdion, KPS Consortium, Nexgram, Shangri-La

KUALA LUMPUR (April 11): The suspension of the export tax on palm oil by the Malaysian Government had stimulated export demand and contributed to the decline in the inventory level, according to Affin Hwang Investment Bank's plantation sector update today.

"Take note that the Malaysian ...

Suspension of palm oil export tax stimulates March's CPO exports, say analysts

KUALA LUMPUR (April 10): The FBM KLCI jumped 11.27 points or 0.6% after China President Xi Jinping struck a conciliatory tone in his speech today, in which he highlighted China's plan to widen market access for foreign investors, raise the foreign ownership limit in the automobile sector and prot...

FBM KLCI gains 11.27 points after Xi’s speech calms trade war fears

KUALA LUMPUR (April 10): Malaysia’s palm oil stockpile declined 6.24% to 2.32 million tonnes in March 2018, from 2.48 million tonnes in the preceding month, as exports rose at a faster pace than crude palm oil (CPO) production.

According to the Malaysian Palm Oil Board’s (MPOB) statemen...

Malaysia March palm oil stockpile down on higher exports

KUALA LUMPUR (April 10): Ann Joo Resources Bhd led the share price recovery among stocks in the steel sector in morning trade today, as its share price jumped by 9.3% or 27 sen to RM3.17 and was among the top gainers on the Malaysian stock exchange.

According to a technical analyst, the...

Ann Joo leads steel counters as metal prices stabilise

KUALA LUMPUR: Press Metal Aluminium Holdings Bhd’s share price jumped 13.77% or 53 sen to RM4.38 yesterday after a recovery in aluminium prices due to concerns about the impact of US sanctions on Russian aluminium giant Rusal.

The sanctions could affect 7% of the world’s annual supply o...

Press Metal recovers as aluminium prices surge

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

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 United States 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

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 United States as well as in overseas markets.

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.

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

Billy Toh

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Billy Toh

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