<div class=newsTextDataWrapInner><p>KUALA LUMPUR (May 26): AMMB Holdings Bhd's (AmBank Group) chairman Tan Sri Azman Hashim said increasing his stake in the banking group was one of the options for him should the ANZ Group decides to sell its shares.</p></div>

<div class=newsTextDataWrapInner><p>"I'm just looking at the options first. If they are selling, then it [buying more stake] is one of the options," he told reporters on the sidelines of the 20th Malaysian Banking Summit.</p></div>

<div class=newsTextDataWrapInner><p>"We don't know yet. I am looking at all the options. We'll see," he said, when asked if he will be increasing his stake in the banking group.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to earlier reports, ANZ Banking Group is said to be considering the sale of its 24% stake in AmBank Group and is also seeking to reduce its 20% stake in China's Shanghai Rural Commerciral Bank as the Australian bank steps up efforts to exit minority stakes in Asia.</p></div>

<div class=newsTextDataWrapInner><p>At 12.15 pm, shares of AmBank Group were traded 5 sen or 1.14% lower at RM4.32, for a market capitalisation of RM13.02 billion.</p></div>


KUALA LUMPUR (May 26): AMMB Holdings Bhd's (AmBank Group) chairman Tan Sri Azman Hashim said increasing his stake in the banking group was one of the options for him should the ANZ Group decides to sell its shares.

"I'm just looking at the options first. If they are selling, then it [bu...

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KUALA LUMPUR (May 10): Kuala Lumpur City Hall (DBKL) is improving the Shade Tree Management Plan, as well as preparing new guidelines for old and high-risk trees.

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BENGALURU (May 10): KFC, Pizza Hut operator Sapphire Foods India posted a bigger-than-expected fall in fourth-quarter profit on Friday, its fourth straight quarterly profit fall, as inflation-weary customers continued to cut back on dining out and ordering in.

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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.

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Seven police officers and personnel, including a senior official with the rank of assistant commissioner (ACP), arrested over a RM1.25 million extortion case, have been remanded till June 5 under the Security Offences (Special Measures) Act 2012 (Sosma).

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The government, through the Rural and Regional Development Ministry (KKDW), has allocated RM1.06 billion to develop 224 infrastructure projects in Sabah this year, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

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The government is committed to offering continued care for individuals who have received the Covid-19 vaccine, including those administered with AstraZeneca, and who may have encountered side effects.

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Banco Bilbao Vizcaya Argentaria SA’s hostile takeover for Banco de Sabadell SA breaks the law, the smaller rival said, ratcheting up the heat in an increasingly bitter corporate battle.

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British foreign minister David Cameron urged fellow Nato members on Thursday to meet pledges to spend 2% of GDP on defence, saying a tougher foreign policy is needed in a world more dangerous "than most of us have ever known".

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Strategists at Citigroup Inc downgraded high-flying Chinese equities to neutral, arguing that their recent rally has come despite weakening fundamentals. The team upgraded emerging-market rival India to overweight.

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Logistics software company Total Dynamic Holdings Bhd has received Bursa Malaysia’s approval to be listed on the LEAP Market by way of introduction.

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<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>


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<p>KUALA LUMPUR (May 10): Datin Seri Rosmah Mansor faces another legal action, this time revolving around from 1Malaysia Development Bhd (1MDB), SRC International Sdn Bhd and subsidiaries over luxury goods that were allegedly obtained through misappropriated funds.</p>


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<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>


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<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>


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<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>


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<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>


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<p>SINGAPORE (May 10): Oversea-Chinese Banking Corporation Ltd (OCBC) has announced a S$1.4 billion voluntary unconditional general offer for the 11.56% stake in Great Eastern Holdings (GEH) that it does not currently own.</p>


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<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>


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<p>KUALA LUMPUR (May 10):&nbsp; <a href="https://theedgemalaysia.com/" target="_blank">theedgemalaysia.com</a> highlighted three stocks with positive momentum and five stocks with negative momentum at Bursa Malaysia’s afternoon close on Friday. &nbsp;</p>


Kuchai, VSTECS, AHB, Mclean, Kluang, Prtasco, Skywld, Kobay

<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>


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<p>KUALA LUMPUR (May 10): The Malaysian Anti-Corruption Commission (MACC)said on Friday that the King has consented to the extension of Tan Sri Azam Baki’s contract as chief commissioner at the agency for another one year, beginning May 12, 2024.</p>

<p><em><strong>More to come</strong></em></p>...

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<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>


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<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>


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<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>


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<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>


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<p>KUALA LUMPUR/MUMBAI (May 10): Malaysia’s palm oil stocks increased at the end of April for the first time in six months, as production jumped despite a drop in exports, the industry regulator said on Friday.</p>


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<h3>Directors’ duties with respect to&nbsp;financial statements</h3>

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<p>KUALA LUMPUR (May 10): Bursa Malaysia’s&nbsp;all-time high indicates that measures under the Madani framework are building investor&nbsp;confidence, said Finance Minister II Senator Datuk Seri Amir Hamzah Azizan.&nbsp;</p>


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<p>CelcomDigi Bhd has completed 44% of its nationwide network integration and modernisation&nbsp;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.</p>


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<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>
