KUALA LUMPUR (Aug 8): The four-month suspension of IOI Corp Bhd's Roundtable for Sustainable Palm Oil (RSPO) certificates will reduce the company's earnings by up to 7% per annum, most of which will be reflected in IOI Corp's fourth quarter June 30, 2016 (4QFY16) results, according to CIMB IB Res...

CIMB: IOI Corp's 4-month RSPO suspension to reduce earnings by 7% p.a.

This article first appeared in The Edge Financial Daily, on August 5, 2016.

 

KUALA LUMPUR: Astro Malaysia Holdings Bhd and Maxis Bhd, which are linked to Tan Sri Ananda Krishnan, said the legal proceedings initiated by India’s Central Bureau of Investigations (C...

Astro, Maxis say CBI action will not impact ops

This article first appeared in The Edge Financial Daily, on August 5, 2016.

 

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) shares are still boasting attractive valuations, despite a sharp rise over the past two months.

After languishing at fiv...

FGV trading at attractive valuations, say analysts

KUALA LUMPUR (Aug 4): Shares of Cuscapi Bhd fell 6.9% this morning on profit taking after having surged 20.83% on Tuesday following the company's move to secure a lucrative contract to supply self-ordering tablets to a China restaurant chain.

At 11.52am today, the stock fell 1 sen to 13...

Cuscapi shares down 6.9% on profit taking

KUALA LUMPUR (Aug 4): Despite a 5.8% year on year (y-o-y) decline in global semiconductor sales in June this year, TA Securities Holdings Bhd remains positive on the sector, driven by expectations for a better second half of 2016 (2H16) in line with the touted iPhone 7 launch and the weak ringgit...

Unisem, MPI, Inari to report better q-o-q results, says TA Securities

This article first appeared in The Edge Financial Daily, on August 4, 2016.

 

KUALA LUMPUR: DRB-Hicom Bhd has revived plans to sell its 90% stake in Singapore firm Corwin Holding Pte Ltd, which owns The Verge commercial development in Serangoon Road, Singapore, t...

DRB-Hicom revives plan to sell The Verge in Singapore to new vendor

KUALA LUMPUR (Aug 3): Based on corporate announcements and news flow today, companies that could be in focus tomorrow (Thursday, Aug 4) include DRB-Hicom, Tadmax Resources, ECS ICT, Comintel Corp, Malaysian Pacific Industries, TRC Synergy Datasonic Group and Green Packet.

DRB-Hi...

DRB-Hicom, Tadmax, ECS ICT, Comintel, M’sian Pacific Industries, TRC Synergy, Datasonic and Green Packet

KUALA LUMPUR (Aug 3): DRB-Hicom Bhd has revived plans to sell its 90% stake in Singaporean firm, Corwin Holding Pte Ltd, which owns The Verge commercial development at Serangoon Road, Singapore, to a new vendor.

In a filing with Bursa Malaysia today, DRB-Hicom said its indirect who...

The nomination centre for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination centre for Kuala Kubu Baharu by-election closes at 10am

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

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.

Who pays for anytime EPF withdrawals?

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

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.

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.

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.

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.

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.

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;

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).

The nomination centre&nbsp;for the Kuala Kubu Baharu state by-election closed at 10am on Saturday.

The announcement was made by returning officer Yuhanas Auree Kamaruddin&nbsp;at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

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.

Meena Lakshana

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Meena Lakshana

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