This article first appeared in The Edge Financial Daily, on January 6, 2017.

 

KUALA LUMPUR: Engineering firm LFE Corp Bhd will be exiting its Practice Note 17 (PN17) status today.

According to its bourse filing yesterday, it will no longer be ...

LFE Corp to exit PN17 status today

This article first appeared in The Edge Financial Daily, on January 6, 2017.

 

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has appointed UK-based Parker Randall International as its external auditor — its fourth since the troubled strategic developmen...

UK-based Parker Randall is 1MDB’s fourth auditor

KUALA LUMPUR (Jan 5): 1Malaysia Development Bhd (1MDB) has appointed UK-based Parker Randall International as its new auditor, replacing Deloitte Malaysia, which quit in July last year.

Parker Randall is an international auditing firm and the fourth auditor appointed by 1MDB. 1MDB had e...

1MDB appoints UK-based Parker Randall as new auditor

KUALA LUMPUR (Jan 5): Dancomech Holdings Bhd is venturing into pump manufacturing business after proposing to acquire a leasehold land measuring 11,838 square meters along with a single-storey industrial building erected on it in Perak for RM4.25 million cash.

In a filing with Bursa Mal...

Dancomech ventures into pump manufacturing

KUALA LUMPUR (Jan 5): Engineering firm LFE Corp Bhd will be exiting Practice Note 17 (PN17) status effective 9am tomorrow.

According to its bourse filing today, it will be uplifted from being classified as a PN17 company after it has regularised its financial condition and level of oper...

LFE Corp to exit PN17 status tomorrow

KUALA LUMPUR (Jan 5): Gabungan AQRS Bhd's shares gained two sen or 2.22% in the morning trades today, after it bagged a RM360.98 million turnkey subcontract for the proposed Pahang's new administrative complex.

At 10.31am, the stock inched up 0.5 sen or 0.56% to trade at 90.5 sen, after...

Affin Hwang maintains Buy on Gabungan AQRS, shares climb 2.2%

KUALA LUMPUR (Jan 5): Shares in UMW Oil & Gas Corp Bhd (UMW-OG) surged to its three-month high at mid-morning today, after its Naga 7 was awarded an 18-month contract by Petronas Carigali Sdn Bhd. 

At 9.55am, the stock narrowed its gains to trade at 93.5 sen, still up 2.5 sen o...

UMW, UWM-OG gain on Naga 7's 18-month contract  

This article first appeared in The Edge Financial Daily, on January 5, 2017.

 

KUALA LUMPUR: Consumer sentiment is expected to bounce back this year, but not enough for retailers to cheer about as shoppers remain prudent in their spending.

Acco...

Not much to cheer about for retailers

KUALA LUMPUR (Jan 4): Ikhmas Jaya Group Bhd has been appointed to undertake the piling and substructure work for a commercial building in Damansara, Selangor, valued at RM37.74 million.

In a filing with Bursa Malaysia today, the bore piling and bridge specialist construction specialist ...

 Ikhmas Jaya gets commercial building piling and substructure works worth RM37.7m

(April 24): Firms making up more than half of Asia’s stock market value are vulnerable to deforestation, species loss and other nature-related risks, according to a new report, as governments ramp up regulations and industries continue to deplete the planet’s resources.

Investors spot new nature-related risk in firms worth half of Asia’s market value

The surge in new mall inaugurations in the city is far from posing competition for Suria KLCC, as they complement one another, said KLCCP Stapled Group chief executive officer Datuk Md Shah Mahmood.

New mall openings complement each other rather than compete, says CEO of KLCCP Stapled Group

Capital A’s board of directors has decided to extend Tan Sri Tony Fernandes' tenure as the chief executive officer for another five years.

NEWS: Fernandes to be Capital A CEO for another five years

KUALA LUMPUR (April 24): AME Real Estate Investment Trust (AME REIT) recorded a 11.9% growth in net property income (NPI) in the fourth quarter ended March 31, 2024 (4QFY2024) to RM11.4 million, from the previous corresponding quarter, driven by a 15.9% increase in rental income.

AME REIT’s 4Q net property income jumps 12%, declares 1.86 sen distribution per unit

Capital A CEO Tan Sri Tony Fernandes clarified today that it will be AirAsia Consulting, not AirAsia, that is bidding for SriLankan Airlines.

NEWS: AirAsia Consulting, not AirAsia, bidding for SriLankan Airlines

Jiankun International Bhd has inked a memorandum of understanding (MOU) with Micro Energy Holdings (M) Sdn Bhd to equip one of its residential developments named Taman Panchor Jaya in Nibong Tebal, Penang, with solar photovoltaic (PV) systems.

Jiankun partners Micro Energy to equip homes in Penang's Taman Panchor Jaya with solar PV systems

Malaysia is currently working on a free trade agreement (FTA) with the European Union (EU), according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz, after initial negotiations between the two parties reached an impasse about 12 years ago.

Malaysia-EU FTA back on the table, says Zafrul

Axis Real Estate Investment Trust (Axis REIT), which focuses on industrial assets, is disposing of its property in Nusajaya, Johor, for RM162 million cash to a data centre operator. It did not disclose the identity of the purchaser.

Axis REIT to dispose of Axis Steel Centre @ SiLC in Johor for RM162m cash

The Civil Aviation Authority of Malaysia (CAAM) has revoked the air operator's certificate (AOC) of cash-strapped low-cost carrier MYAirline Sdn Bhd, effective April 15, after it failed to find a new investor before the April 14 deadline.

MYAirline loses licence to operate as commercial airline as CAAM revokes AOC

OCR Group Bhd on Wednesday entered into a deal with a landowner to jointly develop a residential project on 18.37 acres (7.43 hectares) of freehold land in Templer, Rawang, with an estimated gross development value of RM313 million.

OCR Group inks JV agreement for residential development in Rawang

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.

Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

AirAsia Consulting, not AirAsia, is bidding for SriLankan Airlines, says Fernandes

Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.

M'sian automakers expected to feel pinch from lower sales, higher costs, rise of Chinese OEMs

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

What’s next for 5G deployment in Malaysia?

Carlsberg Brewery Malaysia Bhd, the locally-listed unit of the Danish brewer, confirmed the price increases for its beer products starting this month.

Carlsberg Malaysia raises prices of beers to preserve margin

One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

Malaysia to start using QR code at checkpoints with Singapore, report says

JASMINE Loo was the third individual wanted by the authorities, on the Interpol Red Notice list, &nbsp;to return to Malaysia.

More than 10 years on from the first signs of trouble at 1Malaysia Development Bhd (1MDB), there are still a number of individuals who remain on the run, sought ...

Most yet to return to face the music

E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

MyEG inks partnership to launch Hong Kong virtual assets

Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;

Telco shares lift Bursa higher at midday

Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

Fernandes to be CEO of Capital A for another five years

Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.

NationGate may extend upward trajectory, says Rakuten Trade 

Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.

DXN climbs over one-month high, analysts see positive outlook

French electronic manufacturing service firm eolane has launched a new manufacturing plant in Kulim Hi-Tech Park, Kedah involving an investment of €8.7 million (RM45 million) for the first phase of the project.

France-based eolane launches RM45 mil facility in Kulim Hi-Tech Park

The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.

MACC officer did not ask Najib if he instructed controversial transfer of US$700m to Good Star

Gold’s record-setting rally this year has puzzled market watchers, as bullion has roared higher, despite headwinds that should have held it back. With prices sagging this week, the explanation may lie in China.

Gold’s record-setting rally may have its roots in Chinese frenzy

Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.

Haily shares near all-time high after securing RM109.5m housing job

KUALA LUMPUR (April 24): Dataprep Holdings Bhd said on Wednesday that Tan Sri Muhammad Ikmal Opat Abdullah has ceased to be the substantial shareholder in the IT products and services company.

Muhammad Ikmal of Widad ceases to be Dataprep’s substantial shareholder as shares sale continues

Several important developments related to Digital Nasional Bhd (DNB), including the appointment of its board members and the direction of the agency, will be announced on Thursday, said Communications Minister Fahmi Fadzil.

Digital minister to unveil DNB board, announce new developments tomorrow — Fahmi

Bursa Malaysia closed at a two-year high on Wednesday with the key index rising 0.63%, driven by a positive outlook on the local bourse and amid an upbeat performance by regional peers.&nbsp;

Gho Chee Yuan

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