<div class=newsTextDataWrapInner>Lembaga Tabung Haji says it invested a total of RM920.8 million in&nbsp;1Malaysia Development Bhd (1MDB)'s&nbsp;Bandar Malaysia sukuk issuance in Feb 2014 "as it is a secured investment". It said the sukuk is secured against parcels of land in Bandar Malaysia with security cover of at least 1.67 times</div>

<div class=newsTextDataWrapInner>"The sukuk was issued to finance the construction of replacement facilities in relation to the relocation of the existing Sg Besi Air Force Base facilities," it said in a statement today.</div>

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Lembaga Tabung Haji says it invested a total of RM920.8 million in 1Malaysia Development Bhd (1MDB)'s Bandar Malaysia sukuk issuance in Feb 2014 "as it is a secured investment". It said the sukuk is secured against parcels of land in Bandar Malaysia with security cover of at least 1.67 ...

Tabung Haji admits it invested RM920.8m in 1MDB's Bandar Malaysia sukuk bonds last year

The Securities Commission Malaysia has finally managed to charge a man related to a securities fraud involving RM17.6 million in 2007, following his arrest on his return to Malaysia on Wednesday, having evaded authorities for 15 years.

Man who evaded the law for 15 years charged with abetment in securities fraud

Home improvement retailer Mr DIY Group (M) Bhd said on Thursday its net profit rose 13% in the first quarter from a year earlier thanks to sales from new stores, while margins expanded as supply chain disruption and freight costs eased.

Mr DIY 1Q net profit rises 13% on sales from new stores, higher margins

Malaysia has launched the commercial trading of Renewable Energy Certificates (RECs) through the Malaysian Green Attribute Trading System (mGATS) to be operated by Tenaga Nasional Bhd (KL:TENAGA).

The commercial trading of the certificates through mGATS commenced on May 8, the Ministry of Energy Transition and Water Transformation (Petra) said in a statement. Tenaga will ensure that the certificates are internationally certified by reputable registries, such as the I-TRACK Foundation, it noted.

Malaysia kicks off Renewable Energy Certificates commercial trading

Two Chinese provincial capitals Hangzhou and Xian lifted all home purchase restrictions on Thursday to lure buyers and shore up their sagging real estate markets, raising the prospect of other megacities following suit.

Two Chinese megacities lift home purchase curbs to attract buyers

World stocks were taking a well-earned breather on Thursday after a strong few weeks and ahead of a Bank of England rate decision, while Japanese authorities ratcheted up intervention talk again as the yen continued to backslide

Stocks stall near record highs, pound poised for BOE

Chinese President Xi Jinping is due to meet Hungarian Prime Minister Viktor Orban on Thursday, with the war in Ukraine and infrastructure projects high on the agenda, as he makes his third stop on his first European tour in five years.

China's Xi Jinping in Hungary to discuss Ukraine, infrastructure

Kenanga Research is positive on OCK Group’s venture into the Laos market

MORNING CALL: 9/5/24

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI down 0.22% to 1,601.22 on Thursday

Salcon Bhd (KL:SALCON) said Envitech Sdn Bhd, a 60%-owned subsidiary of Salcon Engineering Bhd, has been awarded a job by Rantau Urusan (M) Sdn Bhd for the design and construction of a sewerage treatment plant in Durian Sebatang, Hilir Perak, Perak.

Salcon unit clinches RM9.7m sewerage treatment plant job

Malaysia is standing firm in not supporting activities of terrorist groups and remains committed to combating the financing of terrorist activities, said Home Minister Datuk Seri Saifuddin Nasution Ismail.

Malaysia firm in not supporting, funding terrorist groups, says Saifuddin Nasution

Shares of VSTECS Bhd (KL:VSTECS) climbed to a new all-time high on Thursday as investors scrambled for a piece of the company that has been appointed the country’s first distributor of Amazon Web Services (AWS).

VSTECS shares hit new record high on Amazon Web Services partnership

All eyes will be on Bank Negara Malaysia (BNM) as the central bank is set to announce its overnight policy rate (OPR) decision later on Thursday afternoon.

Economists bet on BNM leaving the OPR unchanged later today

The property arm of Sunway Bhd (KL:SUNWAY), Sunway Property's newly launched Sunway Velocity 3 residential project has achieved a take-up rate of 60%, with over 400 out of 695 units snapped up during its opening weekend on May 4.

Sunway Velocity 3 residential development 60% taken up at launch 

Gen Zers risk starting further and further behind previous generations building a life for themselves as soaring rents chew into their disposable income, leaving them deeper in a financial hole they are still digging, said Fortune.

Gen Z sinking deeper into debt as higher education and housing costs weigh, new data shows — report

Shares of Kerjaya Prospek Group Bhd (KL:KERJAYA) surged to a new record high on Thursday, as investors bet on better earnings growth for its upcoming financial results for the first quarter ended March 31, 2024 (1QFY2024).

Kerjaya Prospek shares at fresh record high on expectation of better 1Q earnings

Malaysia’s central bank on Thursday left the benchmark interest rate unchanged as widely expected, citing improving economic activity amid moderate inflation.

BNM keeps overnight policy rate unchanged as widely expected

UOB KayHian has initiated coverage on Lagenda Properties Bhd (KL: LAGENDA) with a “buy” rating at RM1.49 and target price (TP) of RM2.05.

UOB KayHian starts coverage on Lagenda Properties, target price RM2.05

Shares of Sarawak Cable Bhd (KL:SCABLE) fell to its lowest in five months on Wednesday after the loss-making cable manufacturer's so-called resuscitation exercise has been terminated.

Sarawak Cable shares fall to five-month low after losing its white knight

A total allocation of RM180 billion in the construction sector for government and private sector projects will be up for grabs this year.

RM180 bil available for construction sector jobs this year — Ahmad Maslan

PUTRAJAYA (May 9): The Federal Court on Thursday granted permission for National Feedlot Corporation Sdn Bhd (NFCorp) and four others including its chairman Datuk Seri Mohamad Salleh Ismail to have the merits of their appeal on damages against Public Bank Bhd (KL:PBBANK) to be heard.

Apex court grants permission to hear quantum of damages to NFCorp’s appeal and Public Bank’s liability cross-appeal

LBS Bina Group Bhd (KL: LBS) has launched SkyRia, the latest addition to its D'Island Residence project in Puchong.

LBS Bina launches RM457 mil SkyRia residential project in Puchong

Malaysia’s largest telecom company by revenue Axiata Group Bhd (KL:AXIATA) may face earnings pressure from a potential merger of its unit PT XL Axiata with PT Smartfren Telecom in Indonesia, and investors should sell the stock, said MIDF Amanah Investment Bank.

MIDF says Axiata may face earnings pressure ahead, downgrades stock to 'sell'

Transport Minister Anthony Loke on Thursday said the ship allegedly owned by an Israeli company while using a port in this country has actually changed ownership. It now belongs to another company based in Hong Kong.

Alleged Israeli ship that recently docked in Malaysia has changed hands, Loke clarifies

Former finance minister Tun Daim Zainuddin has failed in his appeal to reinstate his legal challenge against the Malaysian Anti-Corruption Commission (MACC) over its investigation into his and his family’s finances, which had led to the freezing of their various accounts and the seizure of Ilham Tower.

Daim and family fail to reinstate legal challenge against MACC investigations and criminal charges

MEMBERS’ ability to decide not to transfer existing Employees Provident Fund (EPF) savings into the newly created Flexible Account 3 for anytime withdrawals is seen as the saving grace to what critics deem as a short-sighted compromise that will prove to have longer-term consequences.

I...

Cover Story: Who pays for anytime EPF withdrawals?

Mah Sing Group Bhd (KL:MAHSING), via its unit Star Residence Sdn Bhd, officially launched its latest serviced apartment development named M Zenya in Kepong, Kuala Lumpur on May 9 during the opening ceremony of its sales gallery at Sungai Mas Plaza at Jalan Ipoh.

Mah Sing officially launches M Zenya serviced apartment in Kepong with 92% take-up

(May 9): Opulent, elevated, expensive. There are plenty of descriptive terms for the A$90 million (US$59 million or RM280.88 million) home perched high in Crown Resorts Ltd’s twisting skyscraper in Sydney. “Sold” is not one of them.

The chrome-heavy duplex has been on the market since a...

Luxury US$59m Sydney home remains unsold as rich Chinese buyers leave

Malaysia’s wholesale and retail sales grew 5.2% in March from a year earlier, thanks largely to higher retail sales in non-specialised stores and other specialised wholesale, official data on Thursday showed.

Malaysia’s wholesale, retail sales climb 5.2% in March, official data show

Malaysia should seize opportunities, endeavour to advance reforms and remove barriers to clinical research, said Prime Minister Datuk Seri Anwar Ibrahim.

Malaysia should grab chance to advance reforms in clinical research, says PM 

Apex Securities Bhd expects the local bourse to continue to trend sideways following the FBM KLCI’s retreat after hitting the 1,600 resistance level amid weakened sentiment across global stock markets and investors awaiting fresh catalysts.