KUALA LUMPUR (June 4): Malaysia Airlines Bhd said it will not change the configurations of its Airbus A380 fleet to a higher density

The national carrier initially planned to reconfigure its A380 fleet to add more capacity, which would make them more suited for the charter market.
...

Malaysia Airlines says no plan yet for high-density A380

KUALA LUMPUR: RAM Rating Services Bhd sees no impact on the four securitised transactions in its portfolio that are backed by civil service sector receivables, arising from several initiatives announced by the Pakatan Harapan government to reform the public sector.

The four securitised ...

RAM-rated securitised transactions secure despite public sector reforms

KUALA LUMPUR (May 31): Malaysian Institute of Integrity has called for the new administration to act on its recommendations pertaining to political financing practises in Malaysia.

Integriti’s director Amerul Muner Mohammad expressed confidence its progress can be “fast-tracked” under t...

Integrity institute urges new govt to act on political financing law recommendations

KUALA LUMPUR (May 31): The Committee on Institutional Reforms was "very receptive" to the suggestion that members of the executive body should not have the power to "hire and fire" key positions within public institutions, said Malay eminent group G25 today.

G25 member Datuk Noor Farida...

Executive body should have no say over key public appointments, say G25

KUALA LUMPUR: Tedy Teow Wooi Huat, the founder of MBI Group International Sdn Bhd, has claimed trial at the Sessions Court here yesterday on the charge of issuing unauthorised electronic money.

It was reported by various media yesterday that Teow was charged under Section 25(1) of the P...

MBI founder charged with issuing unauthorised electronic money

KUALA LUMPUR (May 30): Ahmad Zaki Resources Bhd's (AZRB) net profit rose 49.3% to RM9.13 million in the first quarter ended March 31, 2018 (1QFY18) from RM6.12 million a year ago, mainly due to higher income contribution from the concession and property divisions coupled with lower losses from th...

Ahmad Zaki Resources 1Q net profit up 49%

KUALA LUMPUR (May 30): Tedy Teow Wooi Hat, the founder of MBI Group International Sdn Bhd, has claimed trial at the Sessions Court here on the charge of issuing unauthorised electronic money.

It was reported by various media that Teow was charged under Section 25(1) of the Payment Syste...

MBI founder charged for issuing unauthorised electronic money

KUALA LUMPUR (May 30): I-Bhd's net profit rose 16.6% to RM24.49 million for the first quarter ended March 31, 2018, from RM21 million in the same quarter last year.

Quarterly revenue jumped 46.9% to RM159.35 million from RM108.45 million, the group said in a filing with Bursa Malaysia.<...

I-Bhd's 1Q net profit rises 16.6% on improved property sales

KUALA LUMPUR (May 28): IHH Healthcare Bhd believes it will “realistically” secure at least a 34% stake in Fortis Healthcare Ltd, assuming its bid for the Indian healthcare player is successful.

“The consensus we’ve received from our discussions with various minority shareholders (of For...

IHH expecting 34-35% stake in Fortis if bid is successful

KUALA LUMPUR, (May 28): Budget airline AirAsia Bhd will be adding 43 extra flight frequencies from Kuala Lumpur, Johor Baru and Kuching, starting June 8 to June 25, in conjunction with the Hari Raya Aidilfitri festive season.

In a statement, AirAsia said today that flights from Kuala Lu...

AirAsia increases number of flights to meet holiday demand

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Global stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen sank to a 34-year low after the Bank of Japan (BOJ) kept monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

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

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

(April 26): HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

KUB extends deadline for CCB MGO a second time

EVENING 5: Five things you need to know today

KUALA LUMPUR (April 26): KPJ Healthcare Bhd, through its premier educational institution KPJ Healthcare University (KPJU), has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

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

Penang Chief Minister Chow Kon Yeow&nbsp;has announced that he is in talks with a group of companies which have recently participated in Selangor’s integrated circuit design park.

Penang to announce new high-tech investments on Saturday, says Chow

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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

Homeritz Corporation Bhd’s net profit surged by 65.9% in the second quarter ended Feb 29, 2024 (2QFY2024) to RM9.24 million, due to increased sales volume and a stronger US dollar.

Homeritz’s 2Q net profit jumps 66% on increased sales volume, stronger greenback

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

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 creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

(April 26):&nbsp;HSBC Holdings Plc successfully fought off a London court&nbsp;claim&nbsp;brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co&nbsp;film financing.

KUALA LUMPUR (April 26):&nbsp;KPJ Healthcare Bhd, through its premier educational institution&nbsp;KPJ Healthcare University (KPJU),&nbsp;has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise&nbsp;healthcare.

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

Wall Street rises as Big Tech charges higher

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

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

Fast-fashion firm&nbsp;Shein&nbsp;has been drawn under the scope of flagship&nbsp;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

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp&nbsp;will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel&nbsp;Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

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

Chevron posts 1Q profit beat with oil production gains

WASHINGTON (April 26):&nbsp;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&nbsp;funding had helped Moscow seize the initiative.

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

A weekly round-up of tanker and dry bulk market (April 26, 2024)

Baltic Exchange shipping updates: April 26, 2024

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

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