<div class=newsTextDataWrapInner><p>KUALA LUMPUR (March 2): OCB Bhd said a fire incident that occurred on Feb 28 at one of its factory cum warehouse buildings in Semenyih, Selangor, will not have any material impact on the group's current financial year performance.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia today, OCB said the quantum of the insurance claim, however, has yet to be ascertained.</p></div>

<div class=newsTextDataWrapInner><p>On Feb 29, OCB announced that the fire had started in a factory building belonging to Spices &amp; Seasonings Specialities Sdn Bhd, one of its operating sub-subsidiaries. No injuries had been reported.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The affected building measures approximately 10,094 sq m out of the total 22,340 sq m, and entails a warehouse, a production area and an office.</p></div>

<div class=newsTextDataWrapInner><p>OCB said it expects a minimal interruption of about three days with regard to the affected facilities, adding that its Sibu factory in Sarawak will be mobilised to mitigate the production and delivery interruption.</p></div>

<div class=newsTextDataWrapInner><p>OCB shares closed unchanged at 83 sen today, bringing a market capitalisation of RM85.37 million.</p></div>

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KUALA LUMPUR (March 2): OCB Bhd said a fire incident that occurred on Feb 28 at one of its factory cum warehouse buildings in Semenyih, Selangor, will not have any material impact on the group's current financial year performance.

In a filing with Bursa Malaysia today, OCB said the quan...

OCB says 'no material impact' from factory fire

Former national and Johor Darul Ta’zim (JDT) skipper Safiq Rahim became the third national footballer to be attacked within a week, although the JDT player’s attack seemed more of a warning than personal harm.

Two suspects on motorcycle break Safiq Rahim's car windscreen in third attack on footballers

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(May 7): Microsoft's Xbox is shutting down a number of gaming studios including Arkane Austin, making it the latest publisher to shut down studios amid signs of a gaming slowdown.

Studios such as "Hi-Fi Rush" maker Tango Gameworks, headquartered in Tokyo, and Canada-based Alpha Dog...

Microsoft's Xbox shuts multiple studios, consolidates teams in cost-cutting move

Former prime minister Tan Sri Muhyiddin Yassin has been granted a temporary release of his passport to visit a sick family member in Australia.

Sessions Court judge Azura Alwi allowed the Bersatu chief's application and ordered the travel document to be released on Wednesday and for it to be returned to the court on May 28.

Muhyiddin gets temporary release of passport to visit sick family member abroad

Shares in low-cost aviation operators Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) rose in early trade on Wednesday, tracking gains at the broader market.

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IJM Land Bhd (KL: IJM) has achieved 55% take-up rate for serviced apartment Daffodil Residency since its launch on March 1, according to a press statement on May 7.

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Hospital operator IHH Healthcare Bhd (KL: IHH) on Wednesday said it has invested in Belun Technology Company Ltd that makes devices tackling sleep apnea and other sleep disorders.

IHH Healthcare invests in Belun Technology for devices to tackle sleep disorders

Shares of CTOS Digital Bhd (KL:CTOS) rose to their highest in nearly two months as analysts flagged a pickup in earnings ahead following the seasonally weaker first-quarter results.

CTOS rises to near two-month high; analysts see stronger quarters ahead

The FBM KLCI was little changed in early trade on Wednesday although it held firm above the 1,600-point level.

KLCI little changed in early trade, hovers above 1,600 resistance level

United Overseas Bank (M) Bhd (UOB Malaysia) has launched a programme to assist businesses in understanding and preparing for the European Union's (EU) carbon border adjustment mechanism (CBAM), a carbon border tax that is set to take effect in 2026 and affect some 75% of Malaysian exports to the region.

UOB Malaysia introduces masterclass to prepare businesses for EU’s carbon border tax

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


Sime Darby Plantation, Pekat, Siab, OCK, Sapura Energy, CTOS, Awantec, Mobilia, Prolintas, Power Root

<p>The takeover bid by Yinson Holdings Bhd’s major shareholder for Icon Offshore Bhd was made at 63.5 sen per share, as wellas 0.1 sen per warrant.</p>


Yinson's major shareholder raises Icon stake to 56.67% as MGO closes

<p>Power Root Bhd's subsidiaries have successfully recovered trademark of its own “Ah Huat” brand for coffee and tea beverages, after reaching an amicable out-of-court settlement with its Indonesian distributor CV Ego Sun Star Sukses Mandiri (CV Ego) following an infringement wrangle that started in 2013.</p>


Power Root reclaims ‘Ah Huat’ brand in Indonesia after decade-long trademark tussle 

<p>Urusharta Jamaah Sdn Bhd (UJSB) — a special purpose vehicle established under the Ministry of Finance to rehabilitate, restructure and monetise underperforming assets transferred to it from Lembaga Tabung Haji — has emerged as a substantial shareholder in Prolintas Infra Business Trust.</p>


Urusharta Jamaah emerges as third largest shareholder in Prolintas Infra

<p>GCH Retail (M) Sdn Bhd, the operator of Giant hypermarkets, said the courts are still deciding on the company’s tenancy dispute with its landlord over premises it is currently occupying in Batu Caves.</p>


GCH Retail says Giant Batu Caves tenancy dispute with landlord still being decided by courts

<p>Global sales of semiconductors jumped 15.2% year-on-year (y-o-y) to US$137.7 billion (RM653.24 billion) during the first quarter of 2024, according to the US-based Semiconductor Industry Association (SIA).</p>


First-quarter global semicon sales jump 15.2% y-o-y to US$137.7b, says SIA 

<p>Former National and Johor Darul Ta’zim (JDT) skipper Safiq Rahim became the third National footballer to be attacked within a week, although the JDT player’s attack seemed more of a warning than personal harm.</p>


Two suspects on motorcycles break Safiq Rahim's car windscreen in third attack on footballers 

<p>United Overseas Bank (M) Bhd (UOB Malaysia) has launched a programme to assist businesses in understanding and preparing for the European Union's (EU) carbon border adjustment mechanism (CBAM), a carbon border tax that is set to take effect in 2026 and affect some 75% of Malaysian exports to the region.</p>


<p>TikTok and its Chinese parent company ByteDance said on Tuesday they filed suit in US federal court seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or ban its use.</p>


TikTok, ByteDance sue to block US law seeking sale or ban of app

<p>The head of Saudi Arabia’s new investment fund for semiconductor and artificial intelligence (AI) technology said the country would divest from China if it were asked to do so by the US.</p>


Saudi Arabia AI fund would divest from China if US asked, CEO says

<p>The S&amp;P 500 and Dow Jones Industrial Average both clung onto gains to ended slightly higher on Tuesday, extending recent winning streaks fueled by renewed expectations that the Federal Reserve (Fed) will cut interest rates this year.</p>


S&P, Dow end slightly up, extend closing streaks despite Disney drag

<p>Shares in low-cost aviation operators Capital A Bhd (KL:CAPITALA) and AirAsia X Bhd (KL:AAX) rose in early trade on Wednesday, tracking gains at the broader market.</p>


<p>The FBM KLCI was little changed in early trade on Wednesday although it held firm above the 1,600-point level.</p>


<p>As Malaysia aims to achieve high-income status, it needs to improve its human capital outcomes to match those of high-income countries.</p>


Aspiring to high-income status: Education matters

<p>The Malaysian Anti-Corruption Commission (MACC) is studying allegations against Housing and Local Government Minister Nga Kor Ming with regards to his announcement of an allocation for infrastructure in Kuala Kubu Bharu (KKB) recently.</p>


MACC looking into minister’s KKB allocation announcement ahead of poll

<p>Wall Street pared earlier gains on Tuesday after equity markets elsewhere rallied as investors parsed when and by how much the Federal Reserve (Fed) cuts interest rates this year, while a resurgent dollar helped weaken the yen further.</p>


Wall Street loses steam, dollar gains as investors mull rate cut timing

<p>Shares of CTOS Digital Bhd (KL:CTOS) rose to their highest in nearly two months as analysts flagged a pickup in earnings ahead following the seasonally weaker first-quarter results.</p>


<p>Australia said on Wednesday it would raise the amount of savings international students will need to get a visa and warned several colleges of fraudulent student recruitment practices, as part of efforts to rein in record migration.</p>


Australia raises minimum savings for student visa, warns on fake recruitment

<p>Currency markets have started pricing in elevated foreign exchange volatility around the US vote on Nov 5, even with election day almost six months away.</p>


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<p>Reddit Inc jumped more than 10% in extended trading after reporting quarterly sales that topped analysts’ estimates, impressing investors in its first results as a public company.</p>
