OIL and gas (O&G) stocks have been gaining traction over the past few months, premised on better earnings prospects, and more recently, on the likelihood of oil prices escalating due to the conflict in the Middle East.

Earlier this month, on April 2, the Bursa Malaysia Energy Index ...

O&G stocks perform on better earnings prospects

THE interest generated by the initial public offering (IPO) of 99 Speed Mart Retail Holdings Bhd could be a gauge of investor reaction and sentiment to the recent boycott of a close competitor, and whether such action adds to the risks of running retail outlets.

Among the recently repor...

Minimal impact from new risks associated with retail business

Notable filings

OVER the week of April 8 to 12, among the notable changes in shareholding for companies publicly traded on Bursa Malaysia was one at palm oil miller and restaurant operator Dolphin International Bhd.

At Dolphin, privately held Oasis Harvest H...

Insider Moves: Dolphin International Bhd, Eden Inc Bhd, Eduspec Holdings Bhd, Kretam Holdings, MISC Bhd, Solarvest Holdings Bhd    

In court the other day, while the editor-in-chief of The Edge was on the stand defending an article we had written, this writer was very disturbed and could not focus on the proceedings. A digital date display in the courtroom had on it Sept 29, 2009, when in fact it was mid-March 2024.

Coffee Break: Banking on the next big thing

INTEGRATED Marine Works Sdn Bhd (IMW) — a privately held company that was granted a 15-year extension of its concession to provide dredging and reclamation works to all federal ports owned by the government in May 2022 — is understood to have fallen into financial distress, resulting in receivers...

Port dredging concessionaire Integrated Marine Works could go into receivership 

IF all goes as planned, facilities and waste management services company AWC Bhd could be a very different animal in a few short years.

The company’s group CEO and president Datuk Ahmad Kabeer Mohamed Nagoor is in high spirits when we meet at his office in Subang Jaya, Selangor. He says...

AWC looks to Indonesia and Saudi Arabia for bigger opportunities 

A plan is being hatched by a couple of substantial shareholders of Malaysia Airports Holdings Bhd (MAHB) to privatise the airport operator, sources familiar with the matter tell The Edge.

It is understood that both sovereign wealth fund Khazanah Nasional Bhd, which has a 33.24% stake in...

Newsbreak: Plan to privatise MAHB in the works?

A barrage of questions has arisen after the Lim family, led by patriarch Lim Han Weng — who controls oil and gas floating production storage and offloading player Yinson Bhd — acquired a controlling 50.2% stake in Icon Offshore Bhd, an offshore support vessel (OSV) provider for the O&G sector...

Ekuinas explains Icon Offshore sale

Notable filings

For the week of March 18 to 22, notable changes in the shareholding of companies publicly traded on Bursa Malaysia included that at stationery distributor Pelikan International Corp Bhd.

Merit Plus Ventures Ltd, a unit of Ikhlas Capital Singa...

Insider Moves: Pelikan International Corp Bhd, IJM Corp Bhd, Eversendai Corp Bhd, Hong Seng Consolidated Bhd, Malaysia Airports Holdings Bhd, Kossan Rubber Industries Bhd

FORMER Permodalan Nasional Bhd (PNB) president and CEO Datuk Abdul Rahman Ahmad is expected to make a comeback at the country’s largest unit trust fund manager after being coaxed to return by chairman Raja Tan Sri Arshad Raja Tun Uda.

It is understood that while Abdul Rahman was hesitan...

Abdul Rahman said to return to PNB, team up with Raja Arshad again

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.

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.

Jose Barrock

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Jose Barrock

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌