KUALA LUMPUR: Energy, Technology, Science, Climate Change and Environment Minister Yeo Bee Yin has called on the 130 employees of Lynas Malaysia Sdn Bhd, who had protested outside parliament on Tuesday, to “put things into perspective” and consider the risks of rare earth residue accumulation in ...

Yeo tells protesting Lynas employees to ‘put things into perspective’

KUALA LUMPUR (Dec 13): The Malaysian Anti-Corruption Commission (MACC) has received the green light from the Attorney General's Chambers to charge former Federal Land Development Authority (FELDA) chairman Tan Sri Mohd Isa Abdul Samad in court tomorrow.

Isa, who is also an ex-board memb...

MACC gets green light from AG's Chambers to charge Isa Samad

KUALA LUMPUR (Dec 13): Eco World International Bhd reported a fourth quarter net profit of RM70.08 million from a net loss of RM32.56 million a year earlier due to revenue and profit recognised by joint venture (JV) property projects in the UK.

In a filing to Bursa Malaysia today, Eco W...

Eco World International reports 4Q profit on UK JV income recognition

KUALA LUMPUR: Contrary to a common belief that youths in Malaysia are choosy when selecting their jobs and ask for unrealistic wages, results of the latest survey by Khazanah Research Institute (KRI) have shown otherwise.

Indeed, youths, defined as those between 15 and 29 years of age, ...

Not demanding nor choosy, but youths favour work-life balance

KUALA LUMPUR (Dec 12): The notion that Malaysian youth are asking for unrealistic wages is a myth, says Khazanah Research Institute (KRI) visiting senior fellow Dr Lim Lin Lean.

According to its latest publication titled School-To-Work Transition of Young Malaysians released to...

Notion of youth asking for unrealistic wages is a myth, says KRI fellow

KUALA LUMPUR (Dec 12): Young part-time Malaysian workers and contributing family workers earn below their reservation income, suggesting that they are prepared to accept earnings below their reservation so that they have jobs.

This is according to a study by Khazanah Research Institute ...

M'sian youth prepared to accept wages below reservation income, says Khazanah Research

KUALA LUMPUR (Dec 12): A latest study by Khazanah Research Institute, called the School-To-Work Transition Report, has dispelled a number of common perceptions among young working Malaysians, such as young people are "choosy", have "unrealistic wage expectations" and are "asking for too ...

Malaysian youth in unskilled, low-skilled jobs are 'over-educated': Khazanah Research

KUALA LUMPUR: The ministry of human resources will take action against employers whose workers breach the limit of overtime (OT) work which, the Employment (Limitation of Overtime Work) Regulations 1980 stated, is a maximum of 104 hours per worker per month.

When asked about allegations...

Kula Segaran: Ministry will take action against employers whose workers breach overtime limit

KUALA LUMPUR: Top Glove Corp Bhd, the world’s largest natural rubber glove maker, has conceded that some of its workers had breached the overtime (OT) limit of 104 hours per month, but its executive chairman Tan Sri Dr Lim Wee Chai denied they were forced to do so.

“This was just a smal...

Top Glove denies forcing employees to work overtime

KLANG (Dec 10): Top Glove Corp Bhd chairman Tan Sri Dr Lim Wee Chai said today it's business as usual for the group and its supply with the UK’s National Health Service (NHS) is going on as usual, despite allegations of forced labour made in the UK’s The Guardian newspaper yesterday.

“T...

Business as usual for Top Glove, no suspension of supply to UK

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?

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

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

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KNM Group Bhd said it is seeking court sanction for a new scheme of arrangement with its creditors. The PN17 group is also seeking a further extension of time to submit its regularisation plan.

KNM seeks fresh scheme of arrangement with creditors

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.

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.

(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.

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.

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

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.

US equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.

US equity funds see fourth straight week of outflows amid rate cut reassessment

HULU SELANGOR (April 28): The Ministry of Health (MOH) stands by its decision to amend the Medical Act 1971 (Act 50) to bridge the gap between the parallel pathway programme (PPP) and the local medical degree programme, despite objections from some parties.

Health Ministry stands by decision to amend Medical Act 1971

Fast-fashion firm&nbsp;Shein&nbsp;has been drawn under the scope of flagship&nbsp;European Union (EU) rules designed to clamp down on illegal and harmful content online, aimed at stopping the spread of counterfeit items on the platform.

EU hits fast-fashion giant Shein with new digital rules

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.

HOUSTON/BENGALURU (April 26): Oil giant&nbsp;Chevron&nbsp;Corp&nbsp;beat estimates for first-quarter profit on Friday, as higher production volumes&nbsp;in the US&nbsp;helped offset a hit from weak natural gas prices&nbsp;and fuel margins.

Chevron posts 1Q profit beat with oil production gains

WASHINGTON (April 26):&nbsp;Ukrainian President Volodymyr Zelenskiy called on Friday for additional air defence systems to be sent to Kyiv to help protect against Russian strikes, adding that a pause in US&nbsp;funding had helped Moscow seize the initiative.

Ukraine's Zelenskiy calls for air defence systems as allies meet

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.

A weekly round-up of tanker and dry bulk market (April 26, 2024)

Baltic Exchange shipping updates: April 26, 2024

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).

Supriya Surendran

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Supriya Surendran

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