THE share price of MSM Malaysia Holdings Bhd, which posted a quarterly net profit after being in the red for eight consecutive quarters, is rallying. Judging by the steepness of the climb, it is probably the most powerful rally since the sugar refiner was listed in June 2011.

The stock ...

Will MSM’s earnings catch up with its share price rally?

UEM Group Bhd is understood to have called off a tender for the sale of its wholly-owned Cement Industries of Malaysia Bhd (CIMA). The U-turn comes on the back of a turnaround in losses and increasing profits at the cement producer.

It is understood that the six parties shortlisted to b...

UEM calls off tender to sell CIMA, may be considering partial sale instead

Notable filings

During the week of March 4 to 8, notable changes in the shareholding of companies publicly traded on Bursa Malaysia included those at Pan Malaysia Holdings Bhd.

Exsim Hospitality Holdings Sdn Bhd triggered a mandatory general offer (MGO) afte...

Insider Moves: Pan Malaysia Holdings Bhd, AMMB Holdings Bhd, Eden Inc Bhd, Econpile Holdings Bhd, Public Bank Bhd,  Matrix Concepts Holdings Bhd

BOUSTEAD Plantations Bhd (BPlant), a wholly-owned subsidiary of Lembaga Tabung Angkatan Tentera (LTAT)-controlled Boustead Holdings Bhd, is in talks to sell 1,200 acres of plantation land in Kulim, Kedah, to Kulim Technology Park Corp Sdn Bhd (KTPC), according to sources.

It is understo...

BPlant selling land to Kulim Technology Park

THE race to acquire Sapura Energy Bhd’s 50% stake in exploration and production outfit SapuraOMV Upstream Sdn Bhd has been narrowed down to two players — Abu Dhabi state fund Mubadala and French multinational energy company TotalEnergies SE, banking sources say.

While the bids are close...

TotalEnergies, Mubadala front runners to buy Sapura Energy’s 50% in SapuraOMV 

ALTHOUGH more than a year has passed, there has been no news or update on the Federal Land Development Authority (FELDA)’s multibillion-ringgit arbitration proceedings against Indonesia’s Rajawali group.

The silence from all parties — be it Rajawali, local ministers, or even FELDA offic...

Baffling silence on FELDA-Rajawali arbitration

Notable filings

Over the week of Feb 19 to 23, one of the notable changes in shareholding at companies traded on Bursa Malaysia was at integrated transport outfit Swift Haulage Bhd.

Singapore-based JWD Asia Holding Pte Ltd — a wholly-owned unit of Thailand-l...

Insider Moves: Swift Haulage Bhd, Cuscapi Bhd, Affin Bank Bhd, Omesti Bhd, Gamuda Bhd, MR DIY Group (M) Bhd 

THREE companies — Dagang NeXchange Bhd (DNeX), HeiTech Padu Bhd and Theta Edge Bhd — are understood to have been shortlisted for the National Integrated Immigration System (NIISe) project, which is set to integrate the border management systems under the various agencies of the Ministry of Home A...

DNeX, HeiTech Padu, Theta Edge shortlisted for NIISe project

FIVE companies — Germany-based Heidelberg Materials AG; China-based Huaxin Cement Co Ltd; Malaysian Resources Corp Bhd (MRCB), a company which is connected to Yinson Holdings Bhd; and companies linked to Pahang and Negeri Sembilan royalty — have been shortlisted to buy Cement Industries of Malays...

Five shortlisted for possible sale of Cement Industries

KHAZANAH Nasional Bhd, the Employees Provident Fund (EPF) and New York-headquartered private equity (PE) firm Global Infrastructure Partners (GIP) are understood to be forming a consortium to own and run airport operator Malaysia Airports Holdings Bhd, say sources familiar with the arrangement.

Khazanah, EPF and GIP forming consortium to run MAHB 

Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).

Berkshire has record profit, cash soars to US$189b as Apple stake sinks

Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

Fahmi: Foreign media reports not true as Cabinet yet to discuss price hike for petrol and diesel

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Hong Kong issues 2024’s first red storm signal amid flooding

Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

Indonesia’s Ruang becomes ghost island as volcano erupts

The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

Survivors of Sungkai plane crash identified

The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

CAAM confirms Cessna 172N Skyhawk aircraft crashed near Felda Gunung Besout

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

Melaka aims to boost local businesses, eyes more listings on Bursa Malaysia

The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

Loke: Govt studying Ocean Infinity's proposal to resume search for MH370

Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Progress of ECRL project in four states reaches 65%, says Loke

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

Light aircraft crashes in Sungkai, two passengers survive