LAST year, Boustead Plantations Bhd recorded its first full-year loss since listing in 1973, which meant it did not declare quarterly dividends for the final quarter for the first time.

One of the reasons was falling crude palm oil (CPO) prices — they peaked at RM2,555 per tonne in Marc...

Cover Story: Questions about Boustead Plantations’ RM750 million land buy in Sabah 

LAST Friday, Boustead Holdings Bhd’s shares were last traded at RM1.24, a multi-year low. That valued the company at RM2.51 billion, just half of what it was worth 12 months ago and far below its past highs.

Some may see the slump as a manifestation of its recent financial performance. ...

Cover Story: Crunch time for Boustead

One Monday morning, at a Malaysia Airlines booking office in Chennai.

 

Counter staff: Good morning sir, how may I help you?

Passenger: Hi. I need to be in Kuala Lumpur by Tuesday evening. Do you have an afternoon flight available?

&nb...

Coffee Break: What’s in an airport name?

IN the period under review, noteworthy off-market trades included the sale of 12 million shares of Parkson Holdings Bhd at 25.5 sen apiece on March 27.

The seller was Tan Sri William Cheng Heng Jem, managing director and the single largest shareholder of Parkson. He is ...

Off-Market Trades: Parkson Holdings Bhd, AppAsia Bhd, Pegasus Heights Bhd, MSCM Holdings Bhd, Straits Inter Logistics Bhd 

TWO years after venturing into the cold chain logistics segment, Tasco Bhd’s endeavour has reached an inflection point as it welcomes a new institutional partner.

The new partner, Japan Overseas Infrastructure Investment Corp for Transport and Urban Development (JOIN), will invest RM125...

Tasco’s cold chain venture hits a turning point 

1    BECOMING a strategically focused organisation (SFO)

Having clarity of purpose on the results to be achieved and having clarity on the distinct outcomes to be achieved. Every part of the organisation is to be aligned to achieving these identified outc...

Cover Story: Zeti’s 10 elements in PNB’s organisational transformation for greater institutional effectiveness and excellence

FOR years, long-time unitholders of Amanah Saham Bumiputera (ASB), the flagship fund of PNB, have come to expect reasonably high returns.

They have good reason to. They have grown accustomed to stable returns of 8% or more in the last 28 years.

To put that expectation into per...

Cover Story: Diversifying to ensure sustainable returns 

TAN Sri Dr Zeti Akhtar Aziz was aware that when she became the first female chairperson of Sime Darby Property Bhd, she would have her work cut out for her. It was certainly not the best of times, with the sector facing a very challenging period.

In a way, it is ironic for the property ...

Cover Story: Why the ex-central banker became a developer 

THE Malaysian economy, mired in weakening growth and transitional issues amid a global slowdown, is in need of pro-growth policies to give it a leg-up.

Concerns over the country’s performance, however, may be overdone as it has the ability to bounce back, as seen in the past. Tan Sri Dr...

Cover Story: 'Malaysia's fundamentals still solid'

THREE years after she stepped down as governor of Bank Negara Malaysia, a post she held for 16 years, Tan Sri Dr Zeti Akhtar Aziz is in the thick of things again.

Meeting up with her in her office on the fourth floor of Balai PNB, The Edge finds Zeti looking her vintage self, dressed in...

Cover Story: ‘Putting the right culture in place is all-important’ 

Economists at Citigroup Inc are going out on a limb by wagering that virtually everyone on Wall Street is wrong about the US Federal Reserve (Fed).

After three straight months of slightly faster-than-expected inflation readings, rivals at Bank of America Corp, Goldman Sachs Group, Morgan Stanley, and other banks have dialled back their forecasts for interest-rate cuts this year. Chair Jerome Powell lent support to those moves on Tuesday, when he signalled that policymakers are in no hurry to ease policy.

Citi says Wall Street wrong to slash Fed rate-cut bets

Elon Musk said some of the severance packages sent to former Tesla Inc employees as part of its biggest-ever workforce reduction were too low.

Musk apologises for ‘incorrectly low’ Tesla severance packages

Perbadanan Bekalan Air Pulau Pinang (PBAPP) will drawdown the strategic drought reserve of the Expanded Mengkuang Dam (EMD) if it cannot abstract sufficient raw water from Sungai Muda.

PBAPP to draw water from Mengkuang Dam if Sg Muda water level continues to drop

Nokia Oyj reported higher first-quarter profit than analysts expected and the telecom network equipment maker said it expects its struggling network infrastructure business to return to sales growth for the full year.

Nokia’s profit beats estimates, networks to return to growth

Oil prices were little changed after a 3% drop in the previous session as the market remains concerned about demand this year and on signs that a wider conflict in the key Middle East producing region could be avoided.

Oil stabilises after sharp drop on demand concerns, easing of Middle East tension

The ongoing Shariah High Court dispute, initiated by Tan Sri Jamaludin Jarjis’ widow Puan Sri Dr Kalsom Ismail for her joint matrimonial asset claim to the late former minister’s RM2.1 billion estate, will go to trial in July before a new judge.

Jamaludin Jarjis asset dispute trial gets new judge, but media barred from covering proceedings

RHB Bank, Malaysia’s fourth-largest bank by assets, said on Thursday it views sustainable financing as presenting more opportunities than challenges, rather than affecting its overall profit from financing activities.

RHB sees opportunities in sustainability finance, aims to provide RM50 bil by 2026

theedgemarkets.com highlighted seven stocks with momentum at Bursa Malaysia's noon break on Thursday. Four stocks displayed negative momentum, while three stocks displayed positive momentum.

Crescendo, Inta Bina, PIE Industrial, Unitrade Industries, Cuscapi, HB Global, Mclean Technologies

The Malaysian Bar's challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi’s discharge not amounting to acquittal (DNAA) in his criminal trial is not academic.

Malaysian Bar: Legal challenge around Zahid's DNAA not academic

Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.

Sin-Kung Logistics launches ACE Market IPO to raise RM39.5 mil

Shares of PIE Industrial Bhd extended its rally to a new all-time high on Thursday, after Kenanga Investment Bank flagged that the electronic services firm has secured a new client that will take up the entirety of its largest facility.

PIE Industrial extends rally to new all-time high as Kenanga flags new client

The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).

Malaysia's aviation industry at risk amid full-blown crisis in Middle East — Maybank IB

The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.

Singapore loses ‘world’s best airport’ crown to Qatar

Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.

Google fires workers protesting US$1.2b Israeli contract

Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.

Feytech inks underwriting agreement with TA Securities, AmInvestment en route to Main Market IPO  

Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.

Malaysia Airlines, AirAsia cancel flights to Sabah, Sarawak after volcano eruption in Indonesia

Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.

Apple CEO to meet Singapore leader to wrap whirlwind Asia tour

Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).

Stop buying gold ETF as prices may correct — Philip Capital

Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.

President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.

Biden calls China ‘xenophobic’, ramping up 2024 campaign rhetoric

Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income.

Analysts remain sanguine on IGB REIT’s prospects going forward

Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.

HLIB: Cloudpoint well positioned to capitalise burgeoning demand for cyber security solutions

Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.

Asian stocks mixed as soaring dollar pauses

Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.

Google lays off employees, shifts some roles abroad amid cost cuts

KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Smart Asia Chemical inks underwriting agreement with Mercury Securities en route to ACE Market IPO

Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;

Bursa mixed at midday break, key index up

The stock market saw its longest losing streak since January as a handful of big techs sold off — despite a slide in bond yields.

S&P 500 suffers its longest slide since January

Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.

Malaysia’s Axiata, Bharti Airtel of India to combine Sri Lankan ops

KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.

OB Holdings gets approval for ACE Market IPO, targets listing in 4Q

The concessionaire of the Petaling Jaya Dispersal Link (PJD Link) highway believes the project remains viable and will continue to pursue its realisation.&nbsp;

Khairie Hisyam Aliman

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