LOSS-MAKING Ho Wah Genting Bhd (HWGB), which has been searching for a core income-generating business for some time, may have finally found one in the healthcare sector, judging by the series of announcements it has made recently.

The company has been on investors’ radar screens since t...

Scepticism over Ho Wah Genting’s healthcare move 

IT would not be an exaggeration to say that Solarvest Holdings Bhd is the goose that lays the golden egg for building materials distributor Chin Hin Group Bhd.

Founded by low-profile businessman and savvy investor Datuk Seri Chiau Beng Teik, Chin Hin is one of the largest companies in i...

For Chin Hin, Solarvest is the goose that lays the golden egg 

SINCE its inception in 1991, Johor-based electrical products and accessories distributor ACO Group Bhd has relied heavily on organic growth. But the group is looking to change this as it explores further growth opportunities through mergers and acquisitions (M&A) in a bid to enhance its earni...

ACO Group explores inorganic growth via M&A

Central bank meetings are expected to dominate this week’s economic calendar in Asia. The monetary authorities of three Asian countries — Japan, Taiwan and Indonesia — are set to make a monetary policy decision.

ING Asia senior economist Prakash Sakpal expects all three central banks to...

The Week Ahead: Central bank meetings to dominate headlines

AS the share prices of rubber glove companies continue to soar, many investors may not be aware that D’Nonce Technology Bhd, a Penang-based diversified engineering solutions provider, is also part of this growth story.

That is because D’Nonce produces packaging boxes for major glove mak...

D’Nonce Technology to ride glove growth story

PILING and engineering firm Ikhmas Jaya Group Bhd was founded in 1992 by Datuk Ang Cheng Siong, Datuk Dr Khoo Ping Sen, Siew Mun Lout and Yap Yoon Fatt.

It is noteworthy that Ang, Khoo and Siew were former colleagues at Ho Hup Construction Co Sdn Bhd, now known as Ho Hup Construction Co...

New shareholders to revive Ikhmas Jaya 

IT is amazing how fast things can change.

In March, the world was caught in the “perfect storm” of the outbreak of a new coronavirus, global supply chain disruptions, an oil price collapse and an intensified US-China trade war.

On March 12, the US stock markets suffered their ...

Cover Story: When will the stock market party end?

IN the wake of the Covid-19 pandemic that has transformed our lifestyle, including our food-ordering habits, many food and beverage (F&B) businesses in Malaysia are shifting to providing online food delivery and takeaway services.

According to statistics portal Statista.com, the rev...

Tech: PUC aims to plug gaps in F&B supply chain

SINCE the Covid-19 outbreak, Malaysians have been prioritising bread-and-butter issues over big-ticket items such as property.

While most developers have slashed their sales target for 2020 — some reportedly by 20% to 40% — amid a slowdown in property transactions, LBS Bina Group Bhd ca...

LBS Bina’s digital efforts start to bear fruit

After the sharp correction in early March 2020, equity prices tumbled to levels not seen for quite a long time. 

However, in the last two to three months, the strong earnings growth potential of the gloves and healthcare sectors has led to the current euphoria in the stock market, lifting Bursa Malaysia’s daily trading volume to new records.

The return of irrational exuberance

Alphabet Inc closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Alphabet joins US$2 trillion club as results show AI strength

Candidates contesting the upcoming Kuala Kubu Bharu by-election, a semi-urban seat located in the Hulu Selangor district, have started executing their campaign strategies over the weekend. The by-election is being held following the demise of its incumbent, Lee Kee Hiong from DAP, on March 21 due to cancer.

The Week Ahead: Attention on KKB by-election, FOMC decision, trade data in Asia

Richly valued US stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

Lofty US stocks leave investors punishing earnings disappointments

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Taiwan rattled by quakes again, no immediate reports of damage

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Apple Inc has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.

Apple intensifies talks with OpenAI for iPhone generative AI features

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Global stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen sank to a 34-year low after the Bank of Japan (BOJ) kept monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

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

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

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EVENING 5: Five things you need to know today

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

(April 26):&nbsp;HSBC Holdings Plc successfully fought off a London court&nbsp;claim&nbsp;brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co&nbsp;film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

KUALA LUMPUR (April 26):&nbsp;KPJ Healthcare Bhd, through its premier educational institution&nbsp;KPJ Healthcare University (KPJU),&nbsp;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&nbsp;healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

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

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

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

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp&nbsp;will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel&nbsp;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

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Richly valued US&nbsp;stocks are leaving investors with little tolerance for disappointment, raising the stakes ahead of a week in which two more technology and growth giants are set to report.

US&nbsp;regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

Nomination&nbsp;for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at&nbsp;the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Two earthquakes, the largest a 6.1 magnitude, struck Taiwan's eastern county of Hualien on Saturday, the island's weather administration said, with no immediate reports of damage.

The quakes, within half an hour of each other in the early hours of the morning, shook buildings in the capital, Taipei.

Alphabet Inc&nbsp;closed decisively above a US$2 trillion (RM9.54 trillion) market capitalisation for the first time on Friday, as a powerhouse earnings report reassured investors that the Google parent would be a major player in artificial intelligence (AI).

Liew Jia Teng

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Liew Jia Teng

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