World stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram parent Meta hammered tech, while the yen's drop through 155 per dollar for the first time since 1990 kept FX traders on intervention alert.

Stocks and yen struggle as tech troubles weigh

Shares of CapitaLand Malaysia Trust (CLMT) surged on Thursday to its highest in nearly four years while analysts remained upbeat following better-than-expected first-quarter (1Q) results.

CapitaLand Malaysia Trust surges to near four-year high after strong 1Q

The government’s move to introduce a progressive wage policy is the right approach to boost labour productivity in Malaysia, according to a World Bank economist.

Progressive wage policy right approach to boost growth in Malaysia's labour productivity — World Bank economist 

The Malaysian Anti-Corruption Commission (MACC) will make several more arrests in connection with the case involving a menteri besar's son to assist in the probe into the RM600,000 falsified claims case.

MACC chief commissioner Tan Sri Azam Baki said the case is now common knowledge and the suspects involved were detained on Wednesday while investigations are still ongoing.

MACC expects follow-up arrests in false claims probe involving MB's son — Azam Baki

The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.

Azam Baki confirms Dr M among individuals under MACC probe

The deep freeze that’s gripped Europe’s real estate markets since borrowing costs jumped worsened at the start of the year as deals plunged to their lowest levels since 2011.

European real estate deals slump to lowest level in 13 years

Barclays reported a 12% fall in first quarter profit on Thursday, as a squeeze on UK mortgage pricing, lower income from trading and a drought of M&A fees showed the difficulties it will face in delivering its first strategic revamp in a decade.

Barclays 1Q profit falls 12% as trading slump hits

Prime Minister Datuk Seri Anwar Ibrahim on Thursday denied claims that the government will issue a licence for the operation of a casino in Forest City, Johor.

PM denies claims that govt issuing casino licence for Forest City

Former prime minister Tun Abdullah Ahmad Badawi was admitted to the National Heart Institute (IJN) at 3pm on Wednesday to undergo his weekly physiotherapy session and is in good and stable condition.

Former PM Badawi admitted to IJN, in stable condition

Nissan Motor and Mazda Motor unveiled new cars tailored for Chinese drivers on Thursday, signalling a fresh push by Japanese automakers to regain ground in the world's largest auto market.

Nissan, Mazda roll out new models for China as they target comeback

KUALA LUMPUR (April 25): Members of the the Employees Provident Fund (EPF) who are below 55 years old will have an Account 3 starting from May 11, from which they can make withdrawals at any time for any purpose —&nbsp;subject to a minimum withdrawal amount of RM50. This is on top of the two existing accounts they currently have for retirement savings.&nbsp;

EPF members under age 55 will have Account 3 starting May 11

Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.

Malaysia is said to mull casino resort to revive Forest City

Binance co-founder Changpeng Zhao is facing up to three years in prison if efforts by US prosecutors to secure his sentencing prove successful. More than 160 friends, colleagues and investors are determined for the crypto executive to escape incarceration entirely.

Friends, family, royalty seek mercy for crypto’s richest man

Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.

YTL Corp rallies to new all-time high after HLIB flags more upside

Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.

Digital Nasional names senior telco and tech leaders as new directors

A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.

How Volvo landed a cheap Chinese EV on US shores in a trade war

Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.

Axiata, Sinar Mas move closer to US$3.5b telco merger, Bloomberg reports

Sports retailer Al-Ikhsan Sports Sdn Bhd, in which state-owned private equity firm Ekuiti Nasional Bhd (Ekuinas) owns a 35% stake, has appointed Datuk Hishammudin Hasan as its new chief executive officer effective April 17.

Ekuinas-backed Al-Ikhsan Sports names former 7-Eleven head as CEO

KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.

Maybank IB is the first from a total of fi...

Mega First shares likely peaked; Maybank IB the first to downgrade stock

A disappointing earnings report from Meta Platforms Inc has technology investors on edge with results from some of the stock market’s biggest and most important companies due in the coming days.

Meta’s miss sparks fear in tech world with big earnings looming

Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.

Nga's press secretary Pang picked as unity govt's candidate for Kuala Kubu Baharu by-election

Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.

The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.

Malaysia’s inflation steady at 1.8% in March

KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.

Agricore CS Holdings gets Bursa Malaysia nod to list on ACE Market

Prime Minister Datuk Seri Anwar Ibrahim on Thursday denied claims that the government will issue a licence for the operation of a casino in Forest City, Johor.

RHB Retail Research said Naim Holdings Bhd is likely to resume its uptrend after the recent consolidation above the 97.5 sen breakout level.

Naim Holdings likely to resume its uptrend, says RHB Retail Research 

The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.

His lawyer Chetan Jethwani said that Court of Appeal deputy registrar Muhammad Noor Firdaus Rosli informed the parties of the matter on Thursday morning during case management.

Appellate court grants Muhyiddin five-member bench for review of charges

World stocks snapped a three-day winning streak on Thursday as disappointing forecasts from Facebook and Instagram parent Meta hammered tech, while the yen's drop through 155 per dollar for the first time since 1990 kept FX traders on intervention alert.

RHB Retail Research said NationGate Holdings Bhd is observing a technical breakout after climbing above the RM1.70 immediate resistance on surging trading volume.

NationGate is observing technical breakout, says RHB Retail Research 

Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.

Singapore's Keppel profit rises on strong infra, connectivity performance

JOHOR BAHRU (April 25): The Johor branch of the Malaysian Quarantine and Inspection Services Department (Maqis) found parasitic worms Anisakis sp in samples of sardine cans from China that were brought in through the Sultan Iskandar Building (BSI) here, earlier this month.

Parasitic worms Anisakis sp found in canned sardines from China — Johor dept

This article first appeared in Forum, The Edge Malaysia Weekly, on December 19 - 25, 2016.

 

It was not easy to get to India. Aside from the hassles thrown up by demonetisation, air tickets were not cheap and rupees were hard to come by.

Plus, ...

Onwards And Upwards: Luring back the diaspora

This article first appeared in The Edge Malaysia Weekly, on December 12 - 18, 2016.

 

The AIDS pandemic claimed around 36 million lives between 1981 and 2016, and a similar number around the world currently live with the HIV virus. Some 1.2 million peopl...

Economics And Justice: The end of AIDS

This article first appeared in Forum,The Edge Malaysia Weekly, on December 19 - 25, 2016.

 

The economic numbers are not looking good. Some may argue that we are in a transition of sorts and that markets are reacting to the uncertainties of the incoming ...

My Say: A time to consolidate

This article first appeared in The Edge Malaysia Weekly, on December 12 - 18, 2016.

 

This year has brought disturbing developments that have left many of us worried about what 2017 might have in store. Brexit; the election of unconventional leaders such...

My Say: After a turbulent 2016, the coming year might be better than you expect

This article first appeared in The Edge Malaysia Weekly, on December 12 - 18, 2016.

 

In my most recent article in this newspaper, “A World Without Unemployment,” (Issue 1137, Nov 21) I posited a world where technology — especially artificial intelligence and mac...

My Say: Exploring the case for unconditional basic income

This article first appeared in The Edge Malaysia Weekly, on December 12 - 18, 2016.

 

Last month, I attended a talk on pursuing further education in Germany post-Sijil Pelajaran Malaysia (SPM). The talk was given by a Malaysian who had gone to university in that count...

Edu Nation: The highs of international benchmarking

This article first appeared in The Edge Malaysia Weekly, on December 12 - 18, 2016.

 

We are crammed into the back of a rusting metal cyclo and about to plunge into the seething madness of Dariba Kalan in Old Delhi, when a mêlée breaks out at a Bank Baroda branch...

Onwards And Upwards: Love and pain

This article first appeared in The Edge Malaysia Weekly, on December 12 - 18, 2016.


 

It is December, and the year is coming to an end. In three weeks, we will bid farewell to 2016 and welcome the New Year. And what a year 2017 is promising to be.

Ne...

Everyday Matters: Authentic leadership wanted

Client 1: “My wife and I earn about RM180,000 a year. We have a child and are living in an apartment in Kuala Lumpur. We have not been able to save as much as we should. I have difficulty meeting my monthly expenses and now we have about RM15,000 in credit card debt. I don’t get it. Why do we hav...

Money Makeover: A navigator for your financial journey

This article first appeared in Forum, The Edge Malaysia Weekly, on October 24 - 30, 2016.

 

There has been much resentment expressed recently towards what is perceived as the Arabisation of Malays. This Arabisation is said to be manifested in a number of...

Contributor to The Edge Malaysia

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