KUALA LUMPUR (May 16): Malaysian Bulk Carriers Bhd (Maybulk) has proposed to undertake an RM275 million capital reduction to eliminate its accumulated losses.

Maybulk plans RM275 mil share capital reduction to offset accumulated losses

KUALA LUMPUR (May 16): YAM Tunku Kamariah Aminah Maimunah Iskandariah Sultan Iskandar, a member of the Johor royal family, has been appointed as a non-executive chairman of AHB Holdings Bhd.

AHB appoints Johor princess as its chairman

KUALA LUMPUR (May 15): Eduspec Holdings Bhd has announced that Datuk Gan Chow Tee has emerged as its substantial shareholder, after acquiring 78.29 million shares through the company’s right issue.

Businessman Gan Chow Tee emerges as a substantial shareholder of Eduspec

KUALA LUMPUR (May 15): Hextar Global Bhd has announced that it has entered into three separate agreements which will result in the group acquiring a chemical trading business whilst divesting its entire interest in its consumer products segment respectively.

This is intended to further streamline the group’s operations to focus on its core chemicals businesses.

Hextar Global to focus on core chemicals business after disposing of consumer product companies

KUALA LUMPUR (May 15): CJ Century Logistics Holdings Bhd has appointed Kim JinMok as its new deputy chief executive director (CEO), succeeding Sung Hyunsup, who has been redesignated to a non-independent and non-executive director of the company.

CJ Century Logistics appoints new deputy CEO

Malaysian Genomics Resource Centre Bhd (MGRC) has inked a strategic cooperation agreement (SCA) with Bangladeshi firm Toticell Ltd for the distribution of its products in Bangladesh.

MGRC inks agreement to distribute products in Bangladesh

Here is a brief recap of some corporate announcements that made news on Friday (May 12) involving Hap Seng Consolidated Bhd, Tomei Consolidated Bhd, Hong Seng Consolidated Bhd, Revenue Group Bhd, CSH Alliance Bhd, Ageson Bhd, Teladan Setia Group Bhd, SFP Tech Holdings Bhd and Kumpulan Kitacon Bhd.

Hap Seng, Tomei, Hong Seng, Revenue Group, CSH Alliance, Ageson, Teladan Setia, SFP Tech and Kumpulan Kitacon

While the Malaysian economy surprised on the upside in the first quarter of the year, economists believe that external headwinds and rising interest rates domestically will likely slow down growth in the coming quarters.

The first quarter number, while outperformed economists' expectations, still could not mask the fact that the economic expansion is slowing down quarter on quarter, as rising interest rates and global economic challenges dragged both domestic and external demand

Stronger than expected 1Q2023 GDP, but global challenges abound clouding outlook

Here is a brief recap of some corporate announcements that made the news on Thursday (May 11) involving Genting Malaysia Bhd, MR DIY Group (M) Bhd, Heineken Malaysia Bhd, Pentamaster Corp Bhd, Bahvest Resources Bhd, Ageson Bhd, UPA Corp Bhd, Bina Darulaman Bhd and Bertam Alliance Bhd.

GenM, MR DIY, Heineken, Pentamaster, Bahvest, Ageson, UPA, Bina Darulaman and Bertam Alliance

Here is a brief recap of some corporate announcements that made news on Wednesday (May 10) involving Telekom Malaysia Bhd, CelcomDigi Bhd, Petronas Dagangan Bhd, Lotte Chemical Titan Holding Bhd, Yong Tai Bhd, Tomei Consolidated Bhd, YX Precious Metals Bhd, Swift Haulage Bhd, Kimlun Corp Bhd and Bahvest Resources Bhd.

TM, CelcomDigi, PetDag, Lotte Chemical Titan, Yong Tai, Tomei, YX Precious Metals, Swift Haulage, Kimlun and Bahvest

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

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

In today’s edition of Evening 5: 00:00 Merger of airlines enough to reverse negative equity - Fernandes 02:16 Govt set to unveil second 5G network next week  03:26 Unisem’s 1Q hit by margins, forex 04:30 Berjaya Corp denies Forest City casino talks   05:30 Homeritz’s 2Q earnings spike on stronger greenback

EVENING 5: Merger of airlines enough to reverse negative equity - Fernandes

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

Baltic Exchange shipping updates: April 26, 2024

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

KUALA LUMPUR (April 26): Gamuda Land, the property arm of Gamuda Bhd, has unveiled partners for Gardens Square, the latest commercial development at the 810-acre Gamuda Gardens in Sungai Buloh.

Gamuda Land announces retail partners for upcoming commercial development in Gamuda Gardens

The Employees Provident Fund (EPF) has emerged as the second largest shareholder of aero-engine components manufacturer Sam Engineering &amp; Equipment (M) Bhd, after Singapore's sovereign wealth fund Temasek Holdings Pte Ltd.

EPF emerges as second largest shareholder of Sam Engineering

Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.

Anwar wants action taken against Forest City casino licence news report

Shares of AirAsia X Bhd (AAX) rose to a six-month high as investors cheered a restructuring plan that would make the company the largest low-cost carrier in Southeast Asia.

AirAsia X logs best day in six months on Capital A restructuring

YNH Property Bhd (YNH) issued a clarification to bondholders via Malaysian Trustee Bhd on the technical default of its Islamic notes, as well as the status of its mall sale and the appointment of a new auditor.

YNH says it has remedied 'technical default' involving sukuk programme

Gadang Holdings Bhd has secured a RM280 million contract to design and develop the Klang Valley Data Centre&nbsp;Block 2 in Cyberjaya from TM Technology Services Sdn Bhd, a business entity of Telekom Malaysia Bhd.

Gadang wins RM280 mil Klang Valley data centre jobs from TM Technology

MYAirline Sdn Bhd will continue to retain its nominated post holders as well as key personnel, while ensuring that its air operator’s certificate (AOC) documentation remains as current as possible.

MYAirline seeking multiple investors, to retain nominated post holders

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 (IC) design park.

Integrated circuit design firms to announce investments in Penang on Saturday, says Chow

Wiradani Development Sdn Bhd — a property developer linked to the son of former finance minister Tun Daim Zainuddin — has filed a fresh winding-up petition against SPNB Aspirasi Sdn Bhd, a wholly-owned subsidiary of Syarikat Perumahan Negara Bhd (SPNB).

SPNB unit faces fresh winding-up petition on failure to complete payment to Wiradani after settlement

S P Setia Bhd will launch Casaville, which comprises 38 single-storey bungalows, in its Setia EcoHill township in Semenyih at end-April.

With a gross development value (GDV) of RM50 million, the homes measure 52ft by 90ft each, with built-ups from 1,994 to 2,074 sq ft, and a three-bedroom, three-bathroom layouts. The selling price starts from RM1.376 million. It is slated for completion in the second quarter of 2026.

S P Setia to launch single-storey bungalows in Setia EcoHill at end-April

Malaysia is poised to be the next home of Zhejiang Geely Holding Group Co Ltd’s (Geely) methanol-powered vehicles, after China and the European market.&nbsp;

Malaysia the next market for Geely’s methanol vehicle

Hong Kong and China stocks extended gains on Friday, with the Hang Seng Index logging its best week since October 2011, as sentiment recovered further after strategists from global investment houses upgraded their views on Chinese shares.

Hong Kong stocks notch best week in more than 12 years; China attracts record inflow 

KUALA LUMPUR (April 26): China will firmly support Malaysia in pursuing a development path suited to its national conditions, and support Malaysia’s Prime Minister Datuk Seri Anwar Ibrahim in promoting the principle of "Malaysia Madani" in governance.

China’s Foreign Minister Wang Yi sa...

China backs Malaysia firmly in pursuing its development, role in global arena — Wang Yi

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

Datuk Seri Anwar Ibrahim said he will be returning the allowance received as chairman of Khazanah Nasional Berhad, reiterating that he does not draw a salary for the position of prime minister that he has held since November 2022.

Anwar returns Khazanah allowance, reiterates stance on salary waiver

<div class="ceonothumb mx-auto pb-5">
<div>
<div class="iframe-w100-wrapper"><iframe allowfullscreen="" frameborder="0" height="500" src="https://www.youtube.com/embed/l56K3zFsPTk?si=EJn8MQBYV-CAV27h&amp;rel=0&amp;autoplay=1&amp;mute=1" width="840"></iframe></div>
</div>

E...

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's defamation lawsuit against former prime minister Tan Sri Muhyiddin Yassin is headed for a settlement after the two leaders agreed to end a personal dispute between them.

Zahid and Muhyiddin agree to settle defamation suit

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.

Justin Lim

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Justin Lim

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌