Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.

Telco shares lift Bursa higher at midday

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is the entity that is bidding to acquire SriLankan Airlines, and if it materialises, will raise its own capital for the acquisition, according to chief executive officer Tan Sri Tony Fernandes.

AirAsia Consulting, not AirAsia, is bidding for SriLankan Airlines, says Fernandes

For TikTok, the clock has started running in its existential fight to avoid a US ban.

US ban on TikTok looms with Biden poised to start 270-day countdown

It has been a volatile and strange month in the markets. Gold prices crossed an all-time high of over US$2,400 per ounce after Iran launched 350 drones and missiles against Israel, having just crossed US$2,000 earlier in the month. The US 10-year Treasuries yield went back up to 4.6% per annum, w...

Condivergence: Heed Dimon’s view on how financial regulators must support growth

The original Canary Wharf estate has become a poster child for the problems facing office landlords. Ageing buildings, the new demands of flexible work and a banking industry upended by the global financial crisis have led to a steady drumbeat of shrinking demand and departing tenants over the past months.

Canary Wharf landlords face mixed challenges

BENGALURU (April 24): Bharti Airtel is not in talks to buy UK-based Vodafone Group's 21.05% stake in Indus Towers, the Indian telecom operator said on Wednesday, after a newspaper reported that it was eyeing the stake.

The Economic Times said in a report that if the deal went through, V...

India's Airtel says not in talks to buy Vodafone UK's Indus Towers stake

Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.

M'sian automakers expected to feel pinch from lower sales, higher costs, rise of Chinese OEMs

One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

Malaysia to start using QR code at checkpoints with Singapore, report says

Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes' tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

Fernandes to be CEO of Capital A for another five years

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.

Farm Price starts taking orders for ACE Market IPO to raise up to RM24.48 mil

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 24)

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

What’s next for 5G deployment in Malaysia?

Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.

NationGate may extend upward trajectory, says Rakuten Trade 

E-government services provider MyEG Services Bhd has inked an agreement to collaborate on the launch of a virtual asset fund or Hong Kong virtual assets exchange-traded fund (ETF) products.

MyEG inks partnership to launch Hong Kong virtual assets

Farm Price Holdings Bhd on Wednesday began taking orders from investors for its initial public offering (IPO) on the ACE Market to raise up to RM32.4 million.

The IPO, priced at 24 sen apiece, involves a public issuance of 102 million new shares as well as an offer for sale of 33 million existing shares, according to its prospectus. All in, the listing offers investors a 30% stake in the Johor-based wholesalers and vegetables distributor.

Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.

Tesla to accelerate launch of cheaper cars after sales miss

Shares of DXN Holdings Bhd surged on Wednesday to its highest in more than a month as analysts continued to urge investors to buy the stock after the health supplement company’s fourth-quarter (4Q) results.

DXN climbs over one-month high, analysts see positive outlook

Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.

Stocks gear up for Big Tech earnings; yen touches multi-year lows

Capital A Bhd’s board of directors has decided to extend Tan Sri Tony Fernandes'&nbsp;tenure as the chief executive officer for another five years, and as a strategic adviser to the airlines business, which is poised to be merged into AirAsia X Bhd.

Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.

Bursa opens higher, tracking overnight Wall Street

US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.

Wall Street closes higher as investors digest earnings, megacap outlook

Analysts predict a decline in earnings for Malaysian automotive companies in 2024, attributed to lower sales volumes and higher operating costs, coupled with the emergence of several Chinese original equipment manufacturers (OEMs) offering attractive pricing.

Haily Group Bhd shares continued their uptrend on Wednesday to a near all-time high, after the construction outfit won a RM109.5 million contract for terrace houses in Pontian, Johor.

Haily shares near all-time high after securing RM109.5m housing job

Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright lands solar supply deal after forming JV company with Doople

RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.

Censof observing technical breakout, says RHB Retail Research 

The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&amp;P Purchasing Managers' Index (PMI) data disappoint.

Ringgit rebounds on softer US dollar after PMI data

Bursa Malaysia remained in positive territory at the midday break on Wednesday, supported by continuous buying in selected heavyweight counters, especially in the telecommunications and media sectors.&nbsp;

One of the world’s busiest land checkpoints is set to become less congested as Malaysians travelling to Singapore on factory buses will be able to clear immigration through QR code.

This was supposed to be the year that Vietnam reaped the benefits from one of its largest natural gas discoveries.

Xi’s armada is winning the battle for energy in South China Sea

Mergers and acquisitions (M&amp;A) activities fell to the lowest in a decade in 2023. According to the “Global M&amp;A Report” published by Bain &amp; Co, the total M&amp;A market fell by 15% year on year last year to US$3.2 trillion, the lowest in a decade.

M&A activities hit a low in 2023, pickup expected this year

The Ampang Jaya Municipal Council (MPAJ) is still waiting for directions from the Housing and Local Government Ministry (KPKT) over the redevelopment plans for Highland Towers in Ulu Klang, The Star reported today.

MPAJ president Datuk Abdul Hamid Hussain told the daily after the full board meeting that “there were many issues that need to be addressed before the redevelopment could take place”.

Highland Towers redevelopment: MPAJ still waiting for directions from KPKT

KUALA LUMPUR (Nov 27): Deputy Domestic Trade and Consumer Affairs Minister Chong Chieng Jen said the retail price of RON95 fuel in Peninsular Malaysia will be increased by 1 sen each week from January 2020, Free Malaysia Today reported.

Reporting from the Dewan Rakyat on Wednesday, FMT said Chong explained that the government is replacing the fuel subsidy with the targeted subsidy programme and allowing the price of the fuel to gradually increase until it reaches market price.

RON95 to increase 1 sen each week in Peninsular Malaysia from Jan 2020

PETALING JAYA (Nov 27): A total of 536 Extension of Time (EOT) approvals were granted by the Controller of Housing and the Ministry of Urban Wellbeing, Housing and Local Government (KPKT) since 2014, according to data collated by the National House Buyers Association (HBA).

536 EOT approvals since 2014

China-based China Communications Construction Group (CCCG) and joint venture partner WCT Holdings Bhd has launched Core Residence @ TRX in Kuala Lumpur today.

Being developed under joint venture company Core Precious Development Sdn Bhd, the project is CCCG's first property development in Malaysia.

China's CCCG launches first project in Malaysia

Plaza Rakyat unit buyers have expressed that they wish to meet with Federal Territories Minister Khalid Abdul Samad in order to find an amicable solution to issues, which includes compensation for late delivery of the project.

Plaza Rakyat buyers want fair compensation

PETALING JAYA (Nov 22): Malaysian netizens are hailing National Audit Department (NAD) officer Nor Salwani Muhammad as a hero after media coverage on the 1Malaysia Development Bhd (1MDB) audit tampering trial at the Kuala Lumpur High Court yesterday described how she recorded a meeting between 1M...

Netizens praise govt auditor who recorded 1MDB meeting, kept original audit report

KUALA LUMPUR (Nov 21): A focus group meeting will be held on Monday (Nov 25) between the Ministry of Housing and Local Government (KPKT) and industry stakeholders including the Malaysian Institute of Property & Facility Managers (MIPFM), the National House Buyers Association (HBA) and representatives from management bodies of strata property, to come up with an equitable solution to the issue pertaining to flat rate maintenance charges in mixed developments, said Malaysian Institute of Property and Facility Managers (MIPFM) president Adzman Shah Mohd Ariffin.

KPKT to meet industry stakeholders to discuss flat rate maintenance fee issue

Malaysia is expected to be on the radar of foreign investors who are seeking a stable market to invest and to operate from, said Malaysian Institute of Property and Facility Managers (MIPFM) president Adzman Shah Mohd Ariffin (pictured).

Hence, he said property and facility managers in the country need to enhance the performance of their buildings in order to meet the demands and expectations of international tenants.

MIPFM: Get ready for influx of foreign investors next year

While the tangible aspects of a building can enhance a property's value, it is the intangible aspects that will make a building stand out from its peers and thus yield better value, said Singapore Association of Property and Facility Managers president Dr Lim Lan Yuan (pictured).

Speaking at the MIPFM Conference 2019 today, Lim explained that the tangible aspects of a building such as physical design, building materials, finishes, facilities, amenities and location, are more obvious and easily identified.

‘Focus on intangible aspects to enhance building value’

KUALA LUMPUR (Nov 21): Sime Darby Property’s first 100%-owned retail mall is scheduled to be opened in March 2020. The KL East Mall located at the 160-acre integrated KL East development in Taman Melati, Kuala Lumpur, has a gross built-up of about 1.2 million sq ft and a net lettable area of 384,210 sq ft.

Sime Darby Property Acting Group CEO, Datuk Wan Hashimi Albakri Wan Ahmad Amin Jaffri, said that KL East Mall aspires to become the catalyst for Sime Darby Property's KL East development. It is positioned as a boutique lifestyle retail mall that will serve the surrounding neighbourhood of middle- to middle-upper income brackets.

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