Shipping players have been facing rough financial seas, owing to global and regional economic uncertainties in recent years. Despite this, Shin Yang Shipping Corp Bhd has sailed through on the wave of resilience while growing its bottom line.

In the financial year ended June 30, 2018 (F...

Highest growth in profit after tax over three years: TRANSPORT & LOGISTICS: Shin Yang Shipping Corp - Rides out industry storm

Amid an intensely competitive business landscape, Tasco Bhd has shone by virtue of successfully defending the returns of its shareholders despite biting the bullet to venture into new business areas.

In the three-year period under review, the company’s share price has fluctuated but rem...

Highest Returns to Shareholders over three years: TRANSPORT & LOGISTICS: Tasco - Defends shareholder returns despite growing pains

AirAsia Group Bhd is not known for taking things slowly. In the three years between the financial year ended Dec 31, 2016 (FY2016), and FY2018, Asia’s biggest budget airline had seen plenty of ups and downs, yet its profit after tax still grew by 363.5% in that time frame.

From RM541.2 ...

Highest growth in profit after tax over three years: CONSUMER PRODUCTS & SERVICES: AirAsia Group Bhd - Fights hard for better earnings and lower costs

MALAYSIAN aviation has seen nearly everything in the past decade — irrational price wars, multiple heart-wrenching tragedies, the birth of a new regulator and, soon, its impending end.

Already the region’s largest budget carrier in 2010, AirAsia Group Bhd has continued to fly high. Its ...

2010 > 2019 - Newsmakers: Navigating turbulence, tragedies and shifting runways 

THE last decade ended pretty much the way it began — with corporates eyeing the lucrative PLUS Expressways Bhd.

But the intervening years amounted to a decade of two halves for major government-linked investment companies (GLICs) operating on Bursa Malaysia and the government-linked com...

2010 > 2019 - Newsmakers: Game of musical chairs continues

So, 2020 is here and with that comes great opportunity for a fresh start. The question most of us ask ourselves is usually this: What about myself do I want to change for the better this year?

Setting New Year resolutions can be daunting. You want to go for meaningful change but not set...

Coffee Break: New year, new decade, new you?

AS China sought to assert itself on the global stage in the past decade, Malaysia too was caught up in that country’s emerging Belt and Road Initiative (BRI).

In a nutshell, BRI is how China branded its avalanche of investments in various transport and logistics infrastructure projects ...

2010 > 2019: Decade of Disruption - China’s BRI — a ‘poisoned’ lifeline as 1MDB was sinking

AMONG notable off-market transactions in the period under review was Amanah Saham Bumiputera’s (ASB) sale of 75 million Sime Darby Bhd shares, or a 1.1% block, off market for RM2.35 apiece on Dec 11. Five days later, ASB sold a further 100 million shares or a 1.47% stake for RM2....

Off-Market Trades:Sime Darby Bhd, Sime Darby Plantation Bhd, Caring Pharmacy Group Bhd

NOW that its state road maintenance contract has been renewed — but only for only half the road length — Cahya Mata Sarawak (CMS) is eyeing new maintenance jobs for public roads in the coming two years to make up the shortfall.

Managing director Datuk Isaac Lugun says the group is prepa...

Cahya Mata eyes new road jobs to revive fortunes

IT is crunch time for Sime Darby Plantation Bhd (SDPB) as the planter seeks to raise cash while grappling with sizeable sums of maturing debt, much of which is due in the next 12 months.

The planter tells The Edge that it is in the process of refinancing its bank borrowings following a ...

Crunch time for Sime Darby Plantation as debt matures 

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

The Inland Revenue Board (IRB) on Friday announced that the deadline for taxpayers to submit Form E and CP8D has been extended to May 31.

Deadline to submit Form E, CP8D extended to May 31, says IRB

Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.

Berjaya Corp denies participation in talks to revive Forest City casino resort

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

The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.

Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

Malayan Banking Bhd (Maybank) has obtained a summary judgement at the High Court here against ACE Credit (M) Sdn Bhd, ACE Corporation (M) Sdn Bhd, and the company directors Datuk Choong Chee Meng and Chang Ai Nee, for defaulting on a RM46.47 million loan given to them by the bank.

Maybank obtains summary judgement against ACE Corporation, three others for RM46m loan default

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

Asia’s richest banker loses US$1.2 bil after RBI ban

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

The country’s&nbsp;fifth-generation (5G) network&nbsp;adoption rate has reached nearly 36% as of mid-April, while the service coverage rate stood at 80.3% in February.

Fahmi: 5G adoption rate almost 36%, coverage 80.3%, second network unveiling next week

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

Nestle (Malaysia) Bhd is slated to raise prices for 22 of its products starting July 1, according to the Federation of Sundry Goods Merchants Associations of Malaysia (FSGMAM).

Nestle Malaysia to adjust prices of 22 products starting July 1

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

Pavilion Real Estate Investment Trust rose to its highest in more than a month&nbsp;after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.

Pavilion REIT climbs over one-month high, analysts say earnings growth on track

The Malaysian Anti-Corruption Commission (MACC) has given businessmen Mirzan Mahathir and Tan Sri Mokhzani Mahathir a 30-day extension from Friday to declare their assets to the anti-graft body.

Mirzan and Mokhzani given 30-day extension to declare assets

D&amp;O Green Technologies Bhd, which mainly makes automotive light-emitting diodes (LEDs), is optimistic of at least 10% revenue growth this year and plans to build another facility in anticipation of “significant growth” over the next decade.

D&O optimistic of revenue growth, plans new RM200m facility

Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.

Khairie Hisyam Aliman

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Khairie Hisyam Aliman

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌