Parti Pejuang Tanah Air information chief Muhammad Rafique Rashid Ali on Friday (May 12) urged Attorney General Tan Sri Idrus Harun, who had earlier faced an unprecedented no-confidence vote this week, to explain his decision in several politically charged cases

Pejuang info chief asks AG to explain decisions on politically charged cases

KUALA LUMPUR (May 9): The international reserves of Bank Negara Malaysia (BNM) amounted to US$114.4 billion (RM508.79 billion) as at April 28, 2023, said the central bank on Tuesday (May 9). This is down US$1.5 billion or 1.29% from US$115.9 billion that was recorded a fortnight ago on April 14.

BNM international reserves slipped 1.29% to US$114.4b as at April 28

KUALA LUMPUR (May 8): Focus Dynamics Group Bhd executive director Benson Tay Ben Seng has ceased to be a substantial shareholder in Saudee Group Bhd after offloading 33.09 million shares or 2.81% stake in the company.

Tay sold the block of Saudee shares for three sen each on May 3, according to Saudee’s bourse filing on Monday (May 8).

Tay Ben Seng ceases to be Saudee's substantial shareholder after just six months

Today, an average person has the power to shape the world like never before with just a smartphone, thanks to the rise of the creator economy. This ecosystem of individuals who monetise their creativity and expertise through various online platforms is expected to generate about US$75 billion (RM333 billion) in revenue by next year.

The creator revolution: From side hustle to the mainstream

The West Coast Expressway, a 233km toll highway connecting Banting in Selangor and Taiping in Perak, should have been completed three years ago under its concession agreement signed in 2013.

The long wait for the West Coast Expressway

KUALA LUMPUR (May 5): The Malaysian Anti-Corruption Commission on Friday (May 5) said it had managed to bring back and arrest an individual linked to the 1Malaysia Development Bhd (1MDB) scandal, following cooperation with foreign authorities.

MACC arrests individual linked to Jho Low and 1MDB scandal, records his statement

NEWS

HOMA2U secures US$875,000 funding from Singapore-based investors, eyes regional expansion

HOMA Sdn Bhd (HOMA2U), a Malaysian marketplace for renovation and interior design, announced that it has secured US$875,000 (RM3.9 million) in...

Bits + Bytes: A Miscellany of Technology

With Mother’s Day on the horizon, we catch up with respected corporate figure and philanthropist Datuk Anne Eu and Cannes-nominated filmmaker daughter Amanda Nell on supporting and inspiring each other.

As Eu like it

RIYADH (April 29): The Securities Commission Malaysia (SC) on Monday signed a memorandum of understanding (MOU) with the Islamic Development Bank (IsDB) Group, paving the way for greater cooperation in Islamic capital market (ICM) and broadening the reach of Islamic fintech and social finance, particularly waqf.

SC partners Islamic Development Bank to advance Islamic capital market, social finance

The Philippines has closed schools down and warned of overloading on its power grid, as authorities across Southeast Asia issued a series of health alerts for a crushing and deadly heat wave.

Heat wave in Southeast Asia closes schools, triggers health alerts

Shares in LPI Capital Bhd snapped a three-day losing streak on Monday, after the general insurer reported a 37% net profit surge in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.

LPI Capital’s 1Q net profit surges 37%, shares snap losing streak after results

Automated test equipment maker ViTrox Corp Bhd, which has just seen its net profit halve in the first quarter of 2024, is expecting a gradual recovery in the semiconductor sector towards the second half of the year (2H2024) and is continuing to ramp up its research and development (R&D) investments in anticipation of that.

ViTrox to continue to ramp up R&D investment on anticipated semiconductor recovery in 2H2024

KUALA LUMPUR (April 29): The government is currently studying amendments to the Sexual Offences Against Children Act 2017 (Act 792) to address the challenges posed by present day technology, including artificial intelligence (AI).

Azalina: Govt studying amendments to Sexual Offences Against Children Act due to technological challenges

Japan’s top currency official opted to keep market players in the dark over whether Tokyo had intervened in the currency market on Monday, following a sharp move in the market that sliced 2% off the dollar-yen exchange rate.

Japan opts to keep traders in dark on whether it intervened in yen

HULU SELANGOR (April 29): Pakatan Harapan (PH) candidate Pang Sock Tao on Monday uploaded her academic results in the Ujian Pencapaian Sekolah Rendah (UPSR) and Sijil Pelajaran Malaysia (SPM) in reply to the challenge raised by PAS information chief Ahmad Fadhli Shaari recently.

KKB by-election: Pang takes up challenge to reveal academic results

When Deutsche Bank AG announced its takeover of British investment bank Numis in April last year, some in the City of London wondered whether their cultures would mesh. A year on, changes are becoming visible.

Deutsche Bank merger ends boutique freedom for Numis dealmakers

MALAYSIA is “sticking” to plans to trim blanket petrol subsidies this year in favour of targeted aid to better cater for those who need the subsidies while bolstering investor confidence by reining in the government’s fiscal deficit, Economy Minister Rafizi Ramli is reported to have said.

...

The State of the Nation: Ensuring higher oil price does not become a double whammy for Malaysia and the rakyat 

Tex Cycle Technology (M) Bhd said on Monday it has partnered with Evolusi Bersatu Sdn Bhd to invest RM100 million in Sabah’s first integrated scheduled waste management facility.

Tex Cycle in JV to invest RM100m to build Sabah waste management facility

QSR Brands (M) Holdings Bhd is suspending over 100 KFC outlets temporarily nationwide after about half a year of boycott movement, Nanyang Siang Pau reported, citing information from Google Maps.

Boycott causes over 100 KFC outlets to suspend ops, report says

Berjaya Corp Bhd (BCorp), which last week denied that its founder Tan Sri Vincent Tan Chee Yioun had participated in talks to revive a US$100 billion (RM477.60 billion) Forest City casino resort as reported recently, has lodged reports for the police to commence investigation into the above matter, specifically to, amongst others, ascertain and find out the purported “unnamed source” who disseminated complete untrue and false statements.

Berjaya Corp lodges police report to identify 'unnamed source' in Forest City casino resort debacle

Shares of YTL Power International Bhd and YTL Corp Bhd rose to fresh highs on Monday as investors piled on stocks with exposure in artificial intelligence (AI).

YTL Power, YTL Corp touch new highs

Shares of YNH Property Bhd surged to their highest in three weeks after the real estate developer said it has remedied the technical default of its sukuk programme.

YNH Property surges 11% to three-week high after default remedy

KUALA LUMPUR (April 29): Mercury Securities Sdn Bhd has recommended investors to “subscribe” to ACE Market-bound Farm Price Holdings Bhd at an initial public offering (IPO) price of 24 sen and a fair value (FV) of 29 sen based on 13x FY2024F earnings per share, translating to 21% upside to IPO pr...

Mercury Securities advises investors to subscribe to ACE Market-bound Farm Price with fair value of 29 sen 

Engineering solutions provider Kawan Renergy Bhd on Monday began taking orders from investors for its ACE Market initial public offering (IPO) that would raise up to RM33 million.

Kawan Renergy sets IPO price at 30 sen apiece in bid to raise RM33m 

Real estate developer UOA Development Bhd said it plans to launch two new projects worth an estimated RM2.7 billion in gross development value (GDV) this year.

UOA Development to launch two projects worth RM2.7b by June

Top Glove Corporation Bhd bagged the Platinum Trusted Brand Award in the Hygiene/Disposable Gloves category at the Reader’s Digest Malaysian Trusted Brand 2024 awards.

AAX, Capital A lift off on merger proposal to extend rally

Three people, including a two-year-old boy, died after a Huawei-backed Aito M7 SUV burst into flames following a collision with a truck on a highway in the Chinese city of Yuncheng in the northern province of Shanxi, state media said.

China crash involving Huawei-backed Aito electric vehicle kills three

TotalEnergies, a global energy supplier based in France, has stated its commitment to increasing its investment in Malaysia’s upstream oil and gas (O&amp;G) sector, said Prime Minister Datuk Seri Anwar Ibrahim.

TotalEnergies has stated commitment to boost investment in Malaysia's upstream O&G sector — Anwar

When South Korea decided to host a US anti-ballistic missile system, the lucrative flow of tourists from neighboring China suddenly dried up. When Australia accused Beijing of meddling in its domestic politics and demanded answers over the origins of Covid-19, China stopped buying exports like coal, wine and beef.

US ramps up help as countries plan response to China’s bullying

Shares of Turiya Bhd rallied on Monday to their highest in over three years after Tan Sri Mohan MK Swami and his partner agreed to acquire a 58% stake in the property management firm for RM52.86 million.

Turiya rallies to over three-year high with entry of Mohan Swami, partner

Shares in LPI Capital Bhd snapped a three-day losing streak on Monday, after the general insurer reported a 37% net profit surge in the first quarter, thanks largely to sharply lower net expenses from reinsurance contracts held and higher investment income.

An appliance maker in southern China is finding it hard to ship its products to Russia, not because of any problems with the gadgets but because China's big banks are throttling payments for such transactions out of concern over US sanctions.

China firms go 'underground' on Russia payments as banks pull back

SUPERMAX Holdings Sdn Bhd (SHSB), which holds 40.3% in Supermax Corp Bhd, is the subject of a winding-up petition.

SHSB is the private company of Datuk Seri Stanley Thai and his wife, Datuk Wira Cheryl Tan Bee Geok. The couple, who have been and still are having differences in their rel...

Newsbreak: Supermax's Cheryl Tan seeks to wind up holding company

After eight consecutive weeks of net selling, foreign investors shifted to become net buyers on Bursa Malaysia last week, with a total investment of RM292.2 million.

MIDF: Foreign investors ended eight weeks of selling with total inflow of RM292m last week

The yen jumped suddenly against the dollar on Monday, with traders citing yen-buying intervention by Japanese authorities to try to underpin a relentless tumble in the currency to levels last seen over three decades ago.

Japan's yen jumps against the dollar on suspected intervention

Malakoff Corp Bhd has inked a partnership with China Northeast Electric Power Engineering &amp; Services Co Ltd (NEPCS) for technical manpower supply for the operation and maintenance (O&amp;M) of combined cycle power plant (CCPP) projects under NEPCS in Bangladesh.

Malakoff inks deal to expand operation and maintenance services to Bangladesh

The yen jumped sharply against its peers on Monday after it slid past 160 per dollar earlier in the session, leading to speculation that Tokyo could have intervened in the currency market while the country was out for a holiday.

theedgemarkets.com

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

theedgemarkets.com

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌