KUALA LUMPUR (Nov 22): AMMB Holdings Bhd reported today a 5% rise in second quarter net profit at RM348.15 million from RM331.47 million a year earlier, on higher net interest income and Islamic banking income.

In a statement to Bursa Malaysia today, AMMB said group revenue rose to RM2....

AMMB 2Q net profit up at RM348m, pays 5 sen dividend

KUALA LUMPUR (Nov 22): theedgemarkets.com highlighted four stocks with momentum at Bursa Malaysia’s afternoon market close today. One stock showed positive momentum while three had negative momentum.

The stock with positive momentum was :

Hovid Bhd - unchanged at 37.5 sen
...

Hovid, Sanichi, Hexza, Tatt Giap 

KUALA LUMPUR (Nov 21): Sime Darby Bhd said today first quarter net profit from continuing operations fell 9.3% to RM225 million from RM248 million a year earlier as the group's heavy equipment and automotive dealership businesses reported lower profit.

In a statement to Bursa Malaysia t...

Sime Darby Bhd says 1Q net profit from continuing operations at RM225m

KUALA LUMPUR (Nov 14): Scientex Bhd confirmed today its proposed acquisition of a substantial 42.41% stake comprising 139.06 million shares in Daibochi Bhd for RM222.5 million or RM1.60 a share to further grow the combined entity's packaging material manufacturing operations.

In a state...

Scientex plans 42.41% Daibochi stake buy for RM222.5m

KUALA LUMPUR (Nov 14): Matrix Concepts Holdings Bhd reported today a 2% rise in second quarter net profit to RM52.94 million from RM51.83 million a year earlier as the property developer registered higher revenue.

In a statement to Bursa Malaysia today, Matrix Concepts said revenue rose...

Matrix Concepts 2Q net profit up on-year as unbilled sales rises to RM1.4b

KUALA LUMPUR (Nov 12): Malaysia crude palm oil (CPO) futures for December 2018 fell as much as RM37 or 1.88% to RM1,931 a tonne so far today as markets took cue from Malaysian Palm Oil Board (MPOB) data, which showed the nation's total palm oil stock increased 7.63% to 2.72 million tonnes in Octo...

CPO futures dip below RM2,000/tonne as MPOB data hits sentiment

KUALA LUMPUR (Nov 9): The Monetary Authority of Singapore (MAS) said today it has filed a report with the Singapore Police Force against the author of an article published on www.statestimesreview.com on Monday (Nov 5) for making statements that were false and malicious in relation to MAS' role i...

1MDB probe: Monetary Authority of Singapore says filed police report against defamatory article's author

KUALA LUMPUR (Nov 9): The FBM KLCI fell 13.51 points or 0.78%, as Asian shares took cue from the US' plan to raise interest rates gradually.

At Bursa Malaysia, the KLCI settled at 1,707.91 at 12:30pm.

Reuters reported Asian stocks pulled back from a one-month high on ...

FBM KLCI down 13.51pts as U.S. rate hike cue hit world markets

KUALA LUMPUR (Nov 9): Revenue Group Bhd shares rose as much as eight sen or 6.4% to RM1.33 so far today on news the payment-solutions specialist is collaborating with Public Bank Bhd to launch an all-in-one digital payment terminal.

Yesterday, theedgemarkets.com reported that Public Ban...

Revenue Group up as Public Bank collaboration piques market interest  

KUALA LUMPUR: The High Commission of the Republic of Singapore in Malaysia said a news article alleging Singapore Prime Minister Lee Hsien Loong is 1Malaysia Development Bhd’s (1MDB) key investigation target is fake news and clearly libellous.

“I refer to the article dated Nov 7 in The ...

Singapore slams report linking Lee to 1MDB probe

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.

Chong Jin Hun

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Chong Jin Hun

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