KUALA LUMPUR (March 25): Public Mutual Bhd repeated their winning feat at the 2019 Lipper Fund Awards from Refinitiv yesterday by winning 28 fund awards and one group award yesterday.

It broke the record for the most number of Lipper fund awards won by a single company in a year.

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Public Mutual biggest winner at the 2019 Lipper Fund Awards from Refinitiv

The global food price crisis in 2022 and 2023 was exacerbated by the sheer unavailability of some food items, principally grains, as climate change, the Russian attack on Ukraine and, generally, an agriculture community just starting to plant again after the Covid-19 lockdowns.

The thre...

My Say: A national think tank for agriculture

Japan's inflation-adjusted real wages in March fell 2.5% from a year earlier, marking declines for two straight years, labour ministry data showed on Thursday.

Japan's real wages fall in March, marking two years of decline

Singapore's defence ministry said it was temporarily suspending training for its F-16 aircraft fleet after an F-16 crashed during a routine training on Wednesday (May 8).

Singapore suspends F-16 training after plane crash on Wednesday

The US will triple its domestic semiconductor manufacturing capacity from 2022 — when the Chips and Science Act was enacted — to 2032, according to the US-based Semiconductor Industry Association (SIA), in partnership with the Boston Consulting Group (BCG).

US projected to triple semicon manufacturing capacity by 2032, says SIA

Kerjaya Prospek Group Bhd (KL: KERJAYA) is expected to report a higher net profit for its first quarter results for the financial year ending 2024 (1QFY2024), supported by better progress of ongoing projects, said RHB Investment Bank (RHB IB).

Kerjaya Prospek to report higher net profit in 1Q back by ongoing projects, says RHB IB

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

Bespoke tailoring has been flattering silhouettes since the Middle Ages, when affluent members of mediaeval European society sought more refined garments better suited to their individual tastes. Style began to transcend mere fashion to become a statement of personal identity.

Tailored to your taste

Singapore’s sovereign bonds are drawing in buyers after last month’s selloff as the nation’s tight monetary policy tames inflation.

The yield on the island nation’s 10-year note has fallen to around 3.28% from a six-month high of 3.47% touched late last month.

Hawkish Singapore policy, cooling inflation a tailwind for bonds

Asia-Pacific Islamic banks can expect steady expansion and broadly stable asset quality for the next few years, at least, according to S&P Global Ratings.

S&P: Malaysia will remain biggest Islamic banking market in Asia-Pacific

Malaysian conglomerate Axiata Group (KL:AXIATA) and Indonesian group PT Sinar Mas have sought permission from the Indonesian government to merge their telco units, the communications minister told Reuters on Wednesday.

Axiata, Sinar Mas seeking permission for Indonesia telco merger, minister says

KUALA LUMPUR (May 8): Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday:

Sentral Real Estate Investment Trust (KL:SENTRAL), or Sentral REIT, posted a 30.29% increase in its net property income in the first quart...

Sentral REIT, Vstecs, Dufu Tech, MNRB, Mega First,  Ivory Properties, Paragon Globe and Sarawak Cable

The Malaysian Anti-Corruption Commission (MACC) arrested a lawyer on Wednesday afternoon on suspicions of soliciting and accepting a bribe of around RM1.6 million from an entrepreneur.

The suspect, who is in his 30s, was arrested at a fast food restaurant around Ipoh, Perak at around 12 noon after receiving RM100,000 in cash and two cheques for RM1.5 million, a source said.

MACC arrests lawyer for soliciting, accepting RM1.6 mil bribe

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 Malaysian Anti-Corruption Commission (MACC) has arrested a company director and a law firm owner on suspicion of submitting false information related to foreign currency investments, totalling approximately RM38 million.

Company director, law firm owner detained over RM38 million investment case — MACC

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).

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

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

The Dow Jones Industrial Average ended higher on Wednesday, stretching its winning streak to six straight and closing above 39,000 points for the first time in five weeks, as investors kept betting on supportive US monetary policy.

Dow ends higher for sixth session, but Treasury yields pressure market

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.

Apex Securities expects local bourse to continue to trend sideways 

Ni Hsin Group Bhd’s (KL:NIHSIN) wholly-owned subsidiary, Ni Hsin EV Tech Sdn Bhd (NH EV Tech), on Wednesday launched two high-powered electric motorcycles, TC Max and CPx PRO, featuring MotoGP legend, Jorge Lorenzo.

Ni Hsin unveils two electric motorcycles, featuring MotoGP legend Jorge Lorenzo

Global equity markets mostly faltered on Wednesday as investors await fresh inflation data to better assess the likelihood of Federal Reserve (Fed) interest rate cuts, while the dollar edged higher on expectations of US economic out-performance.

Stocks slip, dollar gains as market awaits inflation data

Intel said on Wednesday its sales would take a hit after the US revoked some of the chipmaker's export licences for a customer in China, in a move Beijing complained was going too far in the name of national security.

Intel, Qualcomm say exports to China blocked as Beijing objects

Arm Holdings plc shares tumbled after the chip designer gave a lukewarm revenue forecast for the fiscal year, raising concerns that the tech industry’s artificial intelligence (AI) spending spree is slowing.

Arm shares fall after company gives tepid annual forecast

(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

Vacation rental company Airbnb reported a higher quarterly profit on Wednesday but forecast second-quarter revenue below Wall Street expectations, sending shares of the company down 8% after the bell.

Airbnb forecasts weaker 2Q revenue despite robust demand for international travel

A Wall Street analyst has pointed out there's a gaping hole in the picture. He calls it "phantom debt" — spending on "buy now, pay later" (BNPL) platforms, which often goes unrecorded by credit agencies, Fortune reported.

‘Phantom debt’ from ‘buy now, pay later’ schemes a US$700b black hole economists aren’t accounting for — report

Guyana's cabinet has approved a bid for an offshore oil block by a consortium including QatarEnergy, TotalEnergies and Malaysian state oil firm Petronas, a Guyana minister said on Wednesday.

QatarEnergy, TotalEnergies and Petronas negotiating oil production deal, says Guyana official

Singapore must be realistic about the global trends affecting its equities market and what can be done about them, according to Deputy Prime Minister Lawrence Wong.

Singapore must recognise stock-market challenges, Wong says

Moody's Ratings has affirmed CIMB Group Holdings Bhd's (KL:CIMB) Baa1 issuer ratings and maintained its stable outlook, based on the group's improved solvency and stable liquidity as well as Moody's forecast that the group's problem loan ratio will remain stable at around 2.5% over the next 12-18 months.

Moody’s affirms CIMB’s Baa1 issuer ratings, upgrades baseline credit assessment

App provider Telegram is ready to work together with the government to fight rampant digital piracy on its platform, Communications Minister Fahmi Fadzil said.

He added that several meetings have been held with Telegram to discuss the issue, the latest being in April.

2019 Lipper Fund Awards From Refinitiv

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2019 Lipper Fund Awards From Refinitiv

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