While Hong Leong Investment Bank (HLIB) Research is expecting crude palm oil (CPO) prices to remain elevated at above RM3,500 per tonne in the second quarter of 2021 (2Q21), the research firm sees that CPO prices will trend down more noticeably from the second half of the year (2H21) onwards.

HLIB Research: CPO prices to remain above RM3,500 per tonne in 2Q, trend down 'more noticeably' from 2H21

Shares in Cocoaland Holdings Bhd surged as much as 26% to hit RM2.30 earlier this morning after the candy manufacturer last Friday proposed to undertake a one-for-one bonus issue.

Cocoaland surges 26% on one-for-one bonus share issue plan

Tan Sri Dr Zeti Akhtar Aziz will not be seeking re-election as the chairman of Sime Darby Property Bhd in the upcoming 48th annual general meeting (AGM), according to the property developer’s Annual Report 2020.

Zeti to retire as Sime Darby Property chairman after AGM in May

The FBM KLCI closed 9.85 points or 0.61% higher, making today the third consecutive day of gains, boosted by a rise in telecommunications counters following the Celcom-Digi merger news yesterday.

At 5pm, the local benchmark index closed at 1,612.25 points. Today, the index only traded in positive territory, ranging between 1,605.27 and 1,615.49 points.

KLCI up for third consecutive day on gains from telco counters

KUALA LUMPUR (April 9): Genting Bhd chairman and chief executive Tan Sri Lim Kok Thay took home RM74.81 million in salary and bonus last year, even after taking a pay cut of up to 30% since March, when Covid-19 started hitting hard.

The amount is 32.4% lower compared with the RM110.73 million that he received in 2019, according to the group's annual reports for the two years.

After pay cut, Genting boss still took home RM74.8m in 2020

Axiata Group Bhd, which today confirmed that its unit Celcom Axiata Bhd will be merging with Digi.Com Bhd to form Celcom Digi Bhd, said the merger only involves the Malaysian operations of both companies.

Celcom Axiata-Digi.Com merger talks only for Malaysian ops, no plans to combine regional biz

KUALA LUMPUR (April 7): With the Covid-19 vaccines rolling out in the country and globally, Genting Malaysia Bhd (GenM) and its parent company Genting Bhd are among stocks that have emerged as recovery plays.

The two counters have been rising on the back of analysts' prediction that the companies were set to benefit from the expected easing of the lockdown and reopening of international borders, in addition to the scheduled opening of the Genting SkyWorlds outdoor theme park in the middle of the year.

After rising 40% from a year ago, is Genting still worth the bet?

The Covid-19 pandemic does not stop MyNews Holdings Bhd, whose 542 convenient stores are mostly located in shopping malls and office buildings, from expanding aggressively.

MyNews targets to open 100 stores this year, sets aside RM50m capex

Genting Bhd’s indirect wholly-owned subsidiaries Resorts World Las Vegas LLC (RWLV) and RWLV Capital Inc (RWLV Capital), which had last week priced their offering of US$350 million of 4.625% senior notes, announced that these notes will be listed and quoted in the bond market with effect from 9am tomorrow.

Genting subsidiaries to list US$350m senior notes in bond market tomorrow at 9am

Muar Ban Lee Group Bhd today announced the cash buy of a 3.5% stake in Symphony Life Bhd, and the proposed acquisition of a further 10.6% stake in the property developer, from Symphony's executive chairman Tan Sri Mohamed Azman Yahya.

Muar Ban Lee raises stake in Symphony Life in line with plans to diversify into property development

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.

WASHINGTON (May 2): Hackers who breached UnitedHealth's tech unit in February potentially stole a third of Americans' data, the largest U.S. health insurer's CEO told a Congressional committee on Wednesday.

Two Congressional panels grilled CEO Andrew Witty about the cyberattack on the c...

Wong Ee Lin

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