<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 18): YGL Convergence Bhd’s wholly-owned unit, YGL Intelligent Technology Sdn Bhd, has received a RM1 million grant from Malaysia Digital Economy Corporation Sdn Bhd (MDEC) for the development of a smart halal monitoring system.</p></div>

<div class=newsTextDataWrapInner><p>In a filing with Bursa Malaysia on Wednesday, YGL said the Malaysia Digital Catalyst Grant (MDCG) will be used for the purpose of joint creation, problem-solving, development and commercialisation of innovative solutions with an end-user partner, PIJ Halal Ventures Sdn Bhd.</p></div>

<div class=newsTextDataWrapInner><p>“The award of the MDCG will have no effect on the issued share capital, but is expected to improve the earnings per share, net assets per share and reduce the gearing level of the company for the financial year ending March 31, 2025 (FY2025) and FY2026 when the project is commercialised with the end-user.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The expected revenue to be generated from the project is RM1.98 million and RM3.9 million for the first and second year respectively,” the group said.</p></div>

<div class=newsTextDataWrapInner><p>Shares in YGL ended unchanged at 14 sen, giving the group a market capitalisation of RM35.77 million.</p></div>


YGL Convergence Bhd’s wholly-owned unit, YGL Intelligent Technology Sdn Bhd, has received a RM1 million grant from Malaysia Digital Economy Corporation Sdn Bhd (MDEC) for the development of a smart halal monitoring system.

YGL receives RM1 mil grant from MDEC for smart halal monitoring system

Directors’ duties with respect to financial statements

In 2011, in the case of Australian Securities and Investments Commission v Healy & Ors, the Federal Court of Australia delivered an important ruling and laid down important principles of law on the standard of care for th...

My Say: Court rulings on chairperson’s and directors’ duties raise cautions for holders of these posts

CelcomDigi Bhd has completed 44% of its nationwide network integration and modernisation (NIM) programme as it modernised over 7,200 sites as at end-April, leading to improved download speeds of 20% to 26% and better signal strength of 13% to 16% in post-consolidation areas.

CelcomDigi completes 44% in nationwide network modernisation programme

Malaysia’s industrial output rose at a faster-than-expected pace in March from a year earlier with the manufacturing sector leading broad gains, the Department of Statistics Malaysia (DOSM) said on Friday.

Malaysia's industrial output grows faster-than-expected in March, official data shows

Entities are expected to submit a declaration of compliance to the Securities Commission on the Guidelines on Technology Risk Management (GTRM) by the first quarter of 2025, as part of the regulator's commitment to promote cyber hygiene practices.

Entities to submit compliance declaration on SC's Technology Risk Management Guidelines by 1Q 2025

Tan Sri Abdul Ghani Salleh, the chairman of the Election Commission (EC), retired from his position on May 9 after four years.

Election Commission chairman Abdul Ghani retires after four years

Malaysia’s unemployment rate remained steady in March as the number of people without jobs fell while the workforce expanded, official data on Friday showed.

Malaysia's jobless rate stays steady in March, official data shows

CIMB Securities Sdn Bhd, a unit of CIMB Group Holdings Bhd (KL:CIMB), said on Friday it is targeting “high” single-digit growth in market share by year end.

CIMB Securities eyes single-digit growth in market share by year end

A Hong Kong court has ruled in favour of creditors in cases involving a controversial credit protection mechanism popular among China’s borrowers.

HK court sides with creditors in closely watched keepwell case

With signs of a simmering settlement with the government in one of the longest-standing civil land disputes in history dissipating, the Court of Appeal (COA) has fixed Sept 19 to hear the appeal by Semantan Estate (1952) Sdn Bhd in its seven-decade dispute over 263.272 acres of land along Jalan Duta that is currently occupied by public properties.

No settlement in sight, Semantan Estate’s appeal to resume in Sept

China’s exports rose slightly more than expected in April in a boost for the economy, and imports surged.

China’s exports return to growth in April, boosting economy

<p>KUALA LUMPUR (May 9): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:</p>

<p><strong>Salcon Bhd</strong> (KL:SALCON) said Envitech Sdn Bhd, a 60%-owned subsidiary of Salcon Engineering Bhd, has been awarded a job by Rantau Urusan (M)...

Salcon, Supermax, MAHB, Pentamaster, Solarvest, Scientex, Globetronics, Mr DIY, MCE, Kerjaya Prospek, MAA, KNM and Annum

<p>Hong Leong Investment Bank (HLIB) Research has a “trading buy” rating on Genting Bhd (KL:GENTING) at RM4.52 with a target price of RM7.12 and said it continues to like Genting for its well-established operational presence across diverse regions, mitigating regulatory and country risks.</p>


HLIB says Genting is undervalued, target price RM7.12

<p>Shares of MCE Holdings Bhd (KL:MCEHLDG) rose to their highest in at least two decades after the automotive parts manufacturer said Brahmal Vasudevan of private equity firm Creador is its newest substantial shareholder.</p>


MCE Holdings surges to highest in at least two decades

<p>TA Securities has valued ACE Market-bound Smart Asia Chemical Bhd (SAC) at 12 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 54 sen.</p>


TA Securities values ACE Market-bound Smart Asia Chemical at 54 sen 

<p>The Dow Jones Industrial Average closed higher on Thursday, the seventh straight daily advance for the benchmark, as all three major US indexes gained after weekly jobless claims data offered fresh hope for interest-rate cuts.</p>


Dow closes up to make it seven in a row, as jobs data boosts rate-cut hopes

<p>CIMB Securities Sdn Bhd, a unit of CIMB Group Holdings Bhd (KL:CIMB), said on Friday it is targeting “high” single-digit growth in market share by year end.</p>


<p>Phillip Capital has maintained its “buy” rating on Pentamaster Corp Bhd (KL:PENTA) at RM4.44 with a higher target price of RM6.23 (from RM5.65) and said Pentamaster’s first quarter of 2024 (1Q2024) core net profit of RM24 million was in line with its and consensus forecasts.</p>


Phillip Capital raises target price for Pentamaster to RM6.23 

<p>With signs of a simmering settlement with the government in one of the longest-standing civil land disputes in history dissipating, the Court of Appeal (COA) has fixed Sept 19 to hear the appeal by Semantan Estate (1952) Sdn Bhd in its seven-decade dispute over 263.272 acres of land along Jalan Duta that is currently occupied by public properties.</p>


<p>World stocks rallied on Thursday, led by surging European shares and a larger-than-expected rise in US weekly jobless claims that buoyed interest rate cut hopes, while the dollar eased as the market awaits key inflation data next week.</p>


Asia stocks rally on renewed global rate cut optimism

<p>Shares of Globetronics Technology Bhd [KL:GTRONIC] surged on Friday as analysts project a promising outlook for the group's earnings in the second half of the financial year 2024 (2HFY2024), despite first quarter performance below consensus expectations.&nbsp;</p>


Globetronics surges to one-month high as analysts project strong outlook for 2HFY2024

<p>Inter-Pacific Research Sdn Bhd said that after a two-day consolidation, the key FBM KLCI index could mount a rebound to end the week on a firmer note.</p>


KLCI seen hovering between 1,600 and 1,610 on Friday

<p>Apple Inc issued a rare apology for an advertisement touting its latest iPad Pro that upset many creatives and other customers. The company also said it won’t air the ad on television as planned.</p>


Apple apologises for iPad Pro ad, scraps plan to air it on TV

<p>Singapore's second-largest bank Oversea-Chinese Banking Corp (OCBC) posted on Friday a better-than-expected 5% rise in first-quarter profit and forecast its net interest margin at the higher end of a 2.20% to 2.25% range for the full year.</p>


Singapore's OCBC posts record 1Q profit, lifts margin guidance for 2024

<p>US President Joe Biden’s administration is poised to unveil a sweeping decision on China tariffs as soon as next week, one that’s expected to target key strategic sectors while rejecting the across-the-board hikes sought by Donald Trump, people familiar with the matter said.</p>


Biden poised to impose tariffs on China EVs, strategic sectors, Bloomberg reports

<p>Malaysia’s industrial output rose at a faster-than-expected pace in March from a year earlier with the manufacturing sector leading broad gains, the Department of Statistics Malaysia (DOSM) said on Friday.</p>


<p>MIDF Amanah Investment Bank started coverage of Allianz Malaysia Bhd (KL:ALLIANZ) with an above-consensus target price of RM23.37, citing stronger-than-average insurance growth and solid dividend yields.</p>


MIDF starts coverage of Allianz Malaysia with above-consensus target price

<p>Aggressive tariff rises under a possible second Donald Trump presidency would likely result in a reduction in US and global output in comparison to an illustrative baseline scenario with no further increases, according to Fitch Ratings.</p>


US-led tariff hikes under renewed trade war would reduce US and world output, says Fitch

<p>Goldman Sachs Group Inc led major investment banks posting higher profits in Japan as bond trading boomed, offering a cushion last year in an otherwise tough environment globally.</p>


Goldman tops investment banks reaping windfall in Tokyo trading

<p>Zeekr Intelligent Technology Holding Ltd, the high-end electric car brand under Zhejiang Geely Holding Group Co, sold shares in an expanded initial public offering (IPO) at the top of a marketed range to fetch about US$441 million (RM2.09 billion), according to people familiar with the matter.</p>


Geely’s EV maker Zeekr said to raise US$441m in US IPO, Bloomberg reports

<p>(May 10): When Oracle Corp. spent $28 billion two years ago to acquire electronic-records company Cerner Corp., it promised a revolution in health care technology.</p>

<p>Co-founder and Chairman Larry Ellison declared the deal would help fix many of the labyrinthine industry’s ills by moderniz...