Stockbroking baron Datuk Tony Tiah is pumping fresh capital into TA Enterprise Bhd to finance the privatisation of his flagship’s listed property arm TA Global Bhd, which is said to be the biggest landlord around the KLCC Twin Towers.

TA Enterprise (TAE) announced to Bursa Malaysia that it is making a conditional voluntary offer to buy out 2.12 billion shares, which is equivalent to a 39.83% stake in TA Global it does not already own. TAE currently owns a 60.17% stake

Tony Tiah to take TA Global private via his flagship company

Banking stocks on Bursa Malaysia fell today after the central bank said there is ample room for another round of overnight policy rate (OPR) adjustment given current economic challenges.

Banking stocks drop after Bank Negara's hint of possible rate cut

KUALA LUMPUR (Feb 12): Touch ‘n Go (TNG) plans to collaborate with Shell Malaysia for the implementation of TNG RFID fuel payments at the latter's petrol stations.

In a statement today, Touch ‘n Go said the companies intend to sign a memorandum of understanding for collaboration.

Touch ‘n Go partners Shell Malaysia for RFID fuel payments

Geographic information system (GIS) solutions provider RedPlanet Bhd has received Bursa Securities’ approval to list on the LEAP Market in March 2020.

RedPlanet, which typically assists its customers in location search, navigation, logistics routing, customer targeting, and asset management, plans to raise RM4.39 million in gross proceeds via placement to selected sophisticated investors from the listing.

GIS solutions provider RedPlanet to list on LEAP Market

KUALA LUMPUR: A company held by Datuk Seri Lim Teck Boon and his father Lim Chaw Teng has emerged as the largest shareholder with a 51% controlling stake in office furniture maker and property developer Euro Holdings Bhd, triggering a mandatory general offer (MGO) for the shares they do not own.<...

SPA Furniture emerges as new largest shareholder in Euro Holdings

KUALA LUMPUR: AirAsia Group Bhd and its sister company AirAsia X Bhd (AAX) announced separately yesterday that an independent expert had been appointed to assist in a review related to allegations of corruption against their executives.

In particular, AirAsia said the appointment of BDO...

AirAsia, AAX appoint independent expert to assist in review of bribery claims

KUALA LUMPUR: Trading in shares of retail stockbroking firm TA Enterprise Bhd and its subsidiary TA Global Bhd will be suspended from 9am today.

In separate filings with Bursa Malaysia, both companies said the trading suspensions are to make way for a material announcement.

TA...

TA Enterprise, TA Global request for trading suspension

KUALA LUMPUR: Perak Corp Bhd — whose Movie Animation Park Studios (MAPS) theme park in Ipoh was closed last month until further notice — has lapsed into the Practice Note 17 (PN17) status.

The state-owned firm told Bursa Malaysia yesterday that it is now regarded a PN17 company arising ...

State-owned Perak Corp now a PN17 firm

KUALA LUMPUR (Feb 11): Based on corporate announcements and news flow today, stocks in focus on Wednesday (Feb 12) may include: Hartalega Holdings Bhd, Perak Corp Bhd, Euro Holdings Bhd, Eka Noodles Bhd, TA Enterprise Bhd, TA Global Bhd, Kumpulan Powernet Bhd, Cycle & Carriage Bintang Bhd and Scomi Group Bhd.

Hartalega, Perak Corp, Euro Holdings, Eka Noodles, TA Enterprise, TA Global, Kumpulan Powernet, Cycle & Carriage Bintang and Scomi Group

KUALA LUMPUR (Feb 11): Trading in shares of retail stockbroking firm TA Enterprise Bhd and its subsidiary TA Global Bhd will be suspended from 9am tomorrow (Wednesday).

In separate filings with Bursa Malaysia, both companies said the trading suspensions are to make way for a material announcement.

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

Tan Xue Ying

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