AHAM Asset Management Bhd (AHAM Capital) said it had made significant headway since embarking on its public cloud transformation project, particularly in reducing cloud connectivity latency by over 50%.

AHAM Capital has made significant headway with cloud transformation project

In December 2022, Negeri Sembilan Yang di-Pertuan Besar Tuanku Mukhriz Tuanku Munawir officiated the launch of the book Upholding The Federal Constitution: The Judicial Thoughts of Dato’ Seri Hishamudin Yunus, a retired Court of Appeal judge, and now consultant at the law firm Rosli Dahlan Saravana Partnership.

Former judge Hishamudin on the Federal Constitution, justice and the judiciary

KUALA LUMPUR (April 11): The chief scientist of Sinopharm's subsidiary China National Biotec Group (CNBG) urged the elderly and those with chronic diseases to accept booster shots, as the move has proven effective in protecting them from severe cases and deaths in the face of Omicron.

I...

Global Times: Booster shots still effective in preventing deaths from Omicron, says Sinopharm scientist

KUALA LUMPUR (June 5): Alliance Bank Malaysia Bhd, backed by Singapore’s Temasek Holdings Pte, is counting on small and medium-sized enterprises to jump-start its loan growth this financial year, a top executive said.

The bank, Malaysia’s smallest by assets, is targeting loan growth of ...

Alliance Bank plans to boost lending to small Malaysian firms

SINGAPORE (May 23): The long-haul arm of AirAsia Group Bhd may restart flights to Europe in one and a half years from now, AirAsia X CEO Benyamin Ismail says in a Bloomberg TV interview with Haidi Lun and Rishaad Salamat.

* “We are waiting for the new aircraft probably toward the tail e...

AirAsia X may resume Europe flights in year and half from now

DRESDEN, Germany (Feb 22): Volkswagen wants to build more electric cars in eastern Germany and backs a Tesla-style expansion of charging stations in the city of Dresden, evidence of efforts to reshape its business after a diesel emissions scandal.

VW, which has regained the status of th...

VW looks to east Germany in switch to electric cars

TOKYO (Feb 6): Japan's former currency czar Eisuke Sakakibara said the US dollar could fall below 100 yen by year-end on US President Donald Trump's perceived support for a weak US dollar, but cautioned that any yen-selling intervention by Tokyo might be counterproductive.

Sakakibara, w...

Japan's Mr Yen says US dollar could fall below 100 yen by end-2017

DAVOS, Switzerland (Jan 17): China's richest man, Wang Jianlin, said on Tuesday his Dalian Wanda group has earmarked US$5 billion–US$10 billion each year for outbound investment, focusing on entertainment and sports.

The billionaire property tycoon-turned-entertainment mogul, speaking t...

China's richest man says earmarks US$5b–US$10b a year for outbound investment

SYDNEY (Oct 31): Australia's competition regulator will closely monitor any plans that involve the nation's big banks buying up smaller financial technology rivals or striking blockchain cooperation deals, Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims said on Monday....

Australia regulator on lookout for big banks buying fintech startups

KUALA LUMPUR (Sept 2): CIMB Group Holdings Bhd chairman Nazir Razak pointed out that a lack of political will and public acceptance is hampering planned regional economic integration.

He told Nikkei Asian Review in an interview that the private sector in Southeast Asia under the leaders...

Nazir: private firms should push harder to achieve a single economic market

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

AMSTERDAM (April 29): Philips shares surged 35% early on Monday, as the medical devices maker announced a smaller-than-expected settlement to resolve claims over recalled breathing devices in the United States.

Philips shares surge on US recall settlement news

As the working week drew to a close in Frankfurt, Deutsche Bank AG’s Christian Sewing was on a roll. Upbeat first-quarter earnings had sent the lender’s shares to the highest level since 2017, bolstering a perception that the firm had finally shaken off its scandal-prone past.

Deutsche Bank's legal shock upends CEO Sewing’s buy-back plan

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.

Shares rise, yen surges on suspected intervention

LONDON (April 29): Last year, a who’s who of world leaders, corporate executives and academic experts gathered at Britain’s Bletchley Park for the world’s first global AI Safety Summit, hoping to reach consensus on the regulation of a technology some warned posed a threat to humanity.

Second global AI Safety Summit faces tough questions, lower turnout

Chinese President Xi Jinping will visit the European continent for the first time in about five years as tensions mount over a range of issues including trade, spy allegations and Beijing’s support for Russia.

Xi to make first trip to Europe since 2019 as tensions flare

Malaysia and Saudi Arabia are engaged in talks for new investments into the country, said Prime Minister Datuk Seri Anwar Ibrahim.

Anwar: Malaysia in talks for new investments into country by Saudi Arabia

Social media platform X suffered outages early on Monday, according to outage tracking website Downdetector.com.

Social media platform X down for thousands of users, Downdetector shows

The Financial Times (FT) has struck a deal with Microsoft-backed OpenAI to train artificial intelligence (AI) models on its archived content, the newspaper reported on Monday.

FT and OpenAI strike content licensing deal, FT reports

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 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 “subscribe” 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 price.</...

Mercury Securities advises investors to subscribe 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 

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

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.

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 Capital A Bhd and AirAsia X Bhd (AAX) climbed further during Monday’s morning trading session, riding on a proposal announced last Thursday to merge the short- and long-haul airline operations of both companies.

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

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

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

General insurer LPI Capital Bhd said on Monday its net profit surged 37% year-on-year 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 turn positive after results

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

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

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 Jana Wibawa programme, which was established to assist Bumiputera contractors impacted by the Covid-19 pandemic, only took off following Cabinet approval in 2020, the court heard on Monday.

Jana Wibawa programme could only take off with Cabinet approval, says witness

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.

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