KUALA LUMPUR (April 16): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia’s afternoon market close today. Four stocks displayed positive momentum while one showed negative momentum.

Stocks with positive momentum were:

Handal Resources Bhd - down 1 sen...

Handal, MMAG, Eversendai, YKGI, SKH

KUALA LUMPUR (April 16): Supermax Corp Bhd’s independent and non-executive chairman Tan Sri Rafidah Aziz has resigned after holding the position for three years since June 2015, after the glove maker's former managing director Datuk Seri Stanley Thai apologised to Prime Minister Datuk Seri Najib ...

Rafidah resigns as Supermax chairman after Stanley Thai's apology to Najib

KUALA LUMPUR: UEM Sunrise Bhd has acquired 72 acres (29.14ha) of land near a lake garden in Kepong to undertake a mixed commercial development, with an estimated gross development value (GDV) of RM15 billion.

The property developer said its wholly-owned subsidiary, Sunrise Bhd, has ente...

UEM Sunrise plans RM15b GDV project in Kepong

KUALA LUMPUR (April 13): UEM Sunrise Bhd has acquired 72 acres of land near a lake garden in Kepong to undertake a mixed commercial development, with an estimated gross development value of RM15 billion.

The property developer said its wholly-owned subsidiary, Sunrise Bhd, has entered i...

UEM Sunrise to undertake RM15b GDV mixed project

KUALA LUMPUR (April 13): Malaysian stocks closed lower today due to profit-taking after the surge early this week.

The benchmark FBM KLCI ended the day 5.15 points or 0.28% lower at 1,868.47 points, dragged down by Astro Malaysia Holdings Bhd, Petronas Gas Bhd and MISC Bhd. The index wa...

Malaysian stocks slip on profit-taking

KUALA LUMPUR: To capitalise on increasing market volatility, Kenanga Investment Bank Bhd (Kenanga IB) will issue 24 new European style non-collateralised cash-settled call warrants from six sectors for its largest issuance to date.

Kenanga IB said the call warrants will be issued over t...

Kenanga IB issues 24 new call warrants

KUALA LUMPUR: Destini Bhd has been awarded a two-year umbrella contract to undertake well abandonment integrated services for Petronas Carigali Sdn Bhd.

In a filing with Bursa Malaysia yesterday, Destini said its wholly-owned subsidiary Destini Oil Services Sdn Bhd (DOS) has received a ...

Destini bags two-year umbrella contract from Petronas Carigali

KUALA LUMPUR (April 12): A unit of Iskandar Waterfront City Bhd (IWCity) is being sued by the Inland Revenue Board (IRB) for RM32.23 million in additional taxes and penalties.

In a bourse filing today, IWCity said its wholly-owned subsidiary Tebrau Bay Constructions Sdn Bhd (TBCSB) had ...

IRB slaps IWCity unit with additional tax

KUALA LUMPUR (April 12): Based on corporate announcements and news flow today, companies in focus on Friday (April 13) may include: Dolphin International Bhd, MMS Ventures Bhd, Boustead Plantations Bhd, KLCCP Stapled Group, Carlsberg Brewery Malaysia Bhd, Rex Industry Bhd, Malayan Banking Bhd, Bo...

Dolphin, MMS Ventures, Boustead Plantations, KLCCP Stapled Group, Carlsberg, Rex, Maybank, Boustead Holdings, N2N Connect, IWCity, Perak Transit, Destini, Malakoff, DRB-Hicom, Pos Malaysia and Kerjaya Prospek

KUALA LUMPUR (April 12): Integrated logistics service provider Tri-Mode System (M) Bhd, en route to list on the ACE Market of Bursa Malaysia, has signed an underwriting agreement with TA Securities Holdings Bhd and Kenanga Investment Bank Bhd for its initial public offering (IPO).

In a ...

Tri-Mode appoints TA Securities, Kenanga IB as underwriters for proposed IPO

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

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.

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.

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).

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.

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.

Neily Syafiqah Eusoff

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Neily Syafiqah Eusoff

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