<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Jan 19): The FBM KLCI dipped in early trade this morning in line with the retreat at the regional markets.</p></div>

<div class=newsTextDataWrapInner><p>At 9.10am, the FBM KLCI shed 1.93 points to 1,663.09.</p></div>

<div class=newsTextDataWrapInner><p>The top losers included WCT Holdings Bhd, PPB Group Bhd, RHB Bank Bhd, Astro Malaysia Holdings Bhd, Public Bank Bhd, AMB Holdings Bhd, Aeon Credit Service (M) Bhd,CIMB Holdings Bhd FCW Holdings Bhd and Tenaga Nasional Bhd.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Asian shares edged lower on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen hinted that interest rates in the United States could rise quickly this year, according to Reuters.</p></div>

<div class=newsTextDataWrapInner><p>The dollar had been grinding lower in recent sessions, dropping to its weakest levels since early December after U.S. President-elect Donald Trump expressed concerns about a stronger greenback, it said.</p></div>

<div class=newsTextDataWrapInner><p>US markets ended mixed overnight amid quarterly results, higher inflation and improved industrial production. Earlier, European stocks advanced after several corporate earnings announcement.</p></div>

<div class=newsTextDataWrapInner><p>On the local bourse, the FBM KLCI added 1.99 points to 1665.02 points after coming off an intra-day high of 1670.59 points. Following the mixed performance in the US and Europe, the FBM KLCI could hover below the resistance of 1680 points.</p></div>


KUALA LUMPUR (Jan 19): The FBM KLCI dipped in early trade this morning in line with the retreat at the regional markets.

At 9.10am, the FBM KLCI shed 1.93 points to 1,663.09.

The top losers included WCT Holdings Bhd, PPB Group Bhd, RHB Bank Bhd, Astro Malaysia Holdings Bhd, Pu...

KLCI dips in line with regional retreat

The High Court here on Monday dismissed a social media account user’s application to initiate judicial review proceedings against the Malaysian Communications and Multimedia Commission (MCMC) regarding restrictions on his mobile phone online access.

Court dismisses application for review of phone line restrictions

Asian emerging market currencies were subdued on Monday after inflation data in the US further dimmed the prospects of interest rate cuts soon, with all eyes on the Federal Reserve's (Fed) policy meeting later this week.

Most Asian currencies muted; stocks gain ahead of Fed rate decision

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

In court the other day, while the editor-in-chief of The Edge was on the stand defending an article we had written, this writer was very disturbed and could not focus on the proceedings. A digital date display in the courtroom had on it Sept 29, 2009, when in fact it was mid-March 2024.

Coffee Break: Banking on the next big thing

Gadang Land Sdn Bhd, the property development arm of Gadang Holdings Bhd, is planning to launch the third phase of its Laman Citra landed homes development in Pekan Nanas, Johor, in June.

Gadang Land head of finance and sales Kok Pei Shing tells City & Country in an email i...

Gadang Land to launch third phase of Laman Citra landed homes in Johor

PUTRAJAYA (April 29): Malaysia aims to increase investments in research and development (R&D) to be on par with developed countries that have successfully leveraged R&D to improve their global competitiveness, said Science, Technology and Innovation Minister Chang Lih Kang....

Malaysia targets higher R&D investments to be on par with developed countries

The Johor government will corporatise Johor Tourism this year in an effort to empower the agency, said Menteri Besar Datuk Onn Hafiz Ghazi.

He said the process towards this direction will be done within six months, and is expected to be completed at year end.

Johor Tourism to be corporatised this year, says MB

Ukraine last week got a vital US$61 billion (RM291.1 billion) lifeline from the US. But it still needs a medium-term funding plan to withstand Russia’s onslaught. Mobilising Moscow’s frozen central bank assets to provide compensation for war damages should be central to this.

Breakingviews: Ukraine’s US$61b lifeline is not enough

BENGALURU (April 29): A group of Petrofac noteholders offered the struggling UK oilfield services provider a US$300 million credit line on Monday, to help it secure performance guarantees on some existing contracts.

UK’s Petrofac gets US$300 mil credit offer, to delay FY results

Oil prices were down 1% on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and US inflation data further dimmed the prospects of interest rate cuts anytime soon.

Oil prices fall 1% on Israel-Hamas ceasefire talks, US inflation concerns

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


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

<p>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.</p>


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

<p>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.</p>


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

<p>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 

<p>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.</p>


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

<p>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.</p>


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

<p>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.</p>


China crash involving Huawei-backed Aito electric vehicle kills three

<p>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.</p>


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

<p>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).</p>


YTL Power, YTL Corp touch new highs

<p>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.</p>


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

<p>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.</p>


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

<p>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.</p>


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

<p>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.</p>


Japan's yen jumps against the dollar on suspected intervention

<p>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.</p>


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

<p>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.</p>


LPI Capital’s 1Q net profit surges 37%, shares turn positive after results

<p>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.</p>


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

<p>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.</p>


Malakoff inks deal to expand operation and maintenance services to Bangladesh

<p>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.</p>


Yen surges on suspected intervention, Asian shares rise

<p>OpenSys (M) Bhd, which makes automated teller machines, expects a revenue boost from an estimated 3,000 units of cash machines due for replacement in the next three years.</p>
