<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 14): Two new Covid-19 clusters were detected in Selangor and Kuala Lumpur in the 24 hours as of noon today, with a total of 38 infections.</p></div>

<div class=newsTextDataWrapInner><p>Health director-general Tan Sri Dr Noor Hisham Abdullah said 25 of the infections were from the Solar Ria cluster involving Selangor’s Sepang, Kuala Selangor, Gombak, Petaling and Hulu Langat districts.</p></div>

<div class=newsTextDataWrapInner><p>Of these 25 cases, nine involve locals and 16 comprise foreigners. To-date, 2,339 individuals have been tested.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The Senu Setia cluster, on the other hand, has 13 positive cases, all of them foreigners. This workplace cluster involves the Kepong district in Kuala Lumpur.</p></div>

<div class=newsTextDataWrapInner><p>Noor Hisham said there are a total of 191 active clusters at present. Of these, 46 clusters reported an increase in cases today.</p></div>

<div class=newsTextDataWrapInner><p>The highest increases were from the Ceram cluster (220 cases), Tapak Bina Muda cluster (143 cases) and Teratai cluster (81 cases).</p></div>

<div class=newsTextDataWrapInner><p>Meanwhile, the Blenteng LD cluster in Sabah and Greenhill cluster in Sarawak were declared to have ended today. With this, a total of 227 clusters have ended.</p></div>

<div class=newsTextDataWrapInner><p>Malaysia today saw 1,371 new Covid-19 cases, bringing total infections in the country to 84,846. There were four new deaths, raising total fatalities to 419.</p></div>

<div class=newsTextDataWrapInner><p><em>Read also:<br />
<a href="https://www.theedgemarkets.com/article/covid19-malaysia-reports-1371-new-cases-today-selangor-contributes-532" target="_blank">Malaysia reports 1,371 new Covid-19 cases, including 532 in Selangor</a></em></p></div>


KUALA LUMPUR (Dec 14): Two new Covid-19 clusters were detected in Selangor and Kuala Lumpur in the 24 hours as of noon today, with a total of 38 infections.

Health director-general Tan Sri Dr Noor Hisham Abdullah said 25 of the infections were from the Solar Ria cluster involving Selangor’s Sepang, Kuala Selangor, Gombak, Petaling and Hulu Langat districts.

Covid-19: Kepong workplace cluster detected with 13 foreigners testing positive

The Federal Court on Tuesday unanimously dismissed an application by businessman Ricky Wong Shee Kai for leave to appeal the High Court’s decision to not allow him to participate in civil court proceedings against him via remote control technology (RCT).

Apex court dismisses Ricky Wong’s bid to attend court proceedings remotely

(May 7): PCCW Ltd, the telecommunications group controlled by Hong Kong tycoon Richard Li, is in advanced talks to sell a significant minority stake in its fiber business to China Merchants Group Ltd, according to people familiar with the matter.

Tycoon Richard Li said to near stake sale of telecom group’s fiber unit to China Merchants

Microsoft Corp has deployed a generative AI model entirely divorced from the internet, saying US intelligence agencies can now safely harness the powerful technology to analyse top-secret information.

Microsoft creates top secret generative AI service for US spies

SINGAPORE (May 7): The Monetary Authority of Singapore (MAS) has imposed a composition penalty of $2.5 million on Swiss-Asia Financial Services (SAFS), a wealth and fund management company. SAFS was said to have breached MAS’s anti-money laundering and countering the financing of terrorism (AML/CFT) requirements.

Singapore cenbank imposes S$2.5m penalty on Swiss firm for anti-money laundering and countering terrorism-financing breaches

KUALA LUMPUR (May 7): Following its record-breaking year in 2023, CTOS Digital Bhd posted a 25.6% year-on-year jump in its first quarter net profit this year, as it recorded higher revenue and lower tax expense following the approval of a tax incentive for its main subsidiary CTOS Data Systems Sdn Bhd (CDS).

CTOS kicks off FY2024 with 25% profit jump on higher revenue, lower taxes

KUALA LUMPUR (May 7): The National Disaster Management Policy will be reviewed to enhance the country’s resilience, preparedness and capabilities in managing disasters, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi on Tuesday.

Zahid: National Disaster Management Policy to be reviewed

Global oil major Shell said on Tuesday that it remains "committed to the mobility business" in Malaysia, after a report that it was in talks with Saudi Aramco to sell its gas stations in the country.

Shell says it remains committed to mobility business in Malaysia

(May 7): Cargoes of an oil product from Russia are building up at sea as South Korean buyers turn cautious, highlighting how the invasion of Ukraine is still impacting flows more than two years later.

Cargoes of Russian oil product naphtha stranded at sea as South Korea launches crackdown

Goldman Sachs said on Tuesday it had appointed Robert Kaplan, the former president of the Federal Reserve of Dallas, as its vice chairman, bringing an influential banker on to its management committee.

Goldman Sachs names former Fed Dallas chief Kaplan as vice chairman

Sapura Energy Bhd’s joint venture companies (JVCos) have bagged contracts worth US$1.8 billion (RM8.53 billion) to provide engineering services via six pipe-laying support vessels.

Sapura Energy JVs win US1.8b contracts for subsea engineering and related services in Brazil

<p>“Black Swan” fund manager Mark Spitznagel said investors should avoid chasing the market or making decisions based on short-term US Federal Reserve (Fed) moves.</p>


Report: 'Black Swan' fund manager Mark Spitznagel expects worst stock market crash since 1929

<p>KUALA LUMPUR (May 7): A 47-year-old was confirmed dead while a 26-year-old man suffered serious injuries when a huge tree came crushing down on 17 vehicles along Jalan Sultan Ismail, just outside the Concorde Hotel, during a thunderstorm and heavy rain, at about 2.19pm here Tuesday.</p>

<p>Apa...

One killed, another hurt after fallen tree smashes into cars, monorail track in KL

<p>Malaysian stocks hit RM2 trillion in market capitalisation for the first time ever on Tuesday thanks to broad gains in blue chip stocks and a slew of new listings.</p>


Malaysian stocks’ market capitalisation reaches historical high of RM2 tril

<p>Sime Darby Plantation Bhd (SDP) is making a foray into green industrial park, starting with the proposed development of the Kerian Integrated Green Industrial Park (KIGIP) in Perak.</p>


Sime Darby Plantation to co-develop Kerian Integrated Green Industrial Park with PNB

<p>Investors should be prepared for a recession with the potential to send the stock market plummeting this year, according to top forecaster Gary Shilling.</p>


Market veteran says US will see a recession by year end that could spark 30% drop in stock market — report

<p>Pelaburan Hartanah Bhd (PHB) is to part ways with Maybank Asset Management Sdn Bhd (Maybank AB) to independently manage the funds of its commercial property unit trust, Amanah Hartanah Bumiputera (AHB), as part of its seven-year business plan that aims to increase the fund size from RM5 billion to RM20 billion by 2030.</p>


PHB to independently manage AHB funds, aims to quadruple fund size to RM20 bil

<p>Bursa Malaysia Bhd on Tuesday launched the Bursa Remisier Acquisition Hub (Bursa Reach) platform designed to enhance the connection between dealer representatives and investors.</p>


Bursa Malaysia launches platform for remisiers to showcase portfolio

<p>Prime Minister Datuk Seri Anwar Ibrahim will meet with Petroliam Nasional Bhd (Petronas) this week to discuss the national oil company's project with Saudi Aramco at the Pengerang Integrated Complex (PIC) in Johor.</p>


Anwar to meet with Petronas to discuss project in Pengerang

<p>The Federal Court on Tuesday unanimously dismissed an application by businessman Ricky Wong Shee Kai for leave to appeal the High Court’s decision to not allow him to participate in civil court proceedings against him via remote control technology (RCT).</p>


<p>Scoot Pte Ltd, the low-cost carrier of Singapore Airlines Ltd (SIA), commenced operation of its first Embraer E190-E2 aircraft on Tuesday, reiterating the crucial role of Malaysia in its airline operations.</p>


Malaysia remains as key market for low-cost airline Scoot — CEO

<p>The US sees Iran's capacity to move its oil as reliant on service providers based in Malaysia, with oil being transferred near Singapore and throughout the region, a senior US Treasury official said on Tuesday.</p>


Iran's capacity to move oil reliant on Malaysian providers, US official says

<p>KUALA LUMPUR (May 7): Solar power specialist Pekat Group Bhd said on Tuesday that it has signed a non-binding agreement to acquire a stake in switchgears supplier EPE Switchgear (M) Sdn Bhd to expand its businesses.</p>


Pekat inks agreement to acquire stake in local switchgears supplier

<p>CIMB Group Holdings Bhd, Malaysia’s second-largest bank by assets, will likely see improvements in net interest margin and non-interest income (NII) when it reports its first-quarter results (1QFY2024) on May 31, analysts said.</p>


Analysts see CIMB reporting better net interest margins, non-interest income in 1Q

<p>Oil and gas services firm Dayang Enterprise Holdings Bhd will post a strong rebound in its first quarter (1Q) results and earnings may pick up in the coming quarters on seasonally stronger work orders and utilisation, said Phillip Capital.</p>


Dayang Enterprise to post strong rebound in 1Q earnings — Phillip Capital

<p>(May 7):&nbsp;Princeton Digital Group secured a US$280 million green loan to help finance a US$1.5 billion data centre it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June.</p>


Singapore-based Princeton Digital gets green loan for US$1.5b Asia AI hub in Johor

<h3><span style="color:#d35400;">Malaysia Smelting Corp Bhd</span></h3>

<p>Target price: <strong>RM3.60 <span style="color:#27ae60;">BUY</span></strong></p>

<div class="mt-3 imgw-300 embed-right"><a class="mobx embedimg-icon" data-desc="xxx" data-rel="ceolightbox" href="//myassets.theedgemalay...

Brokers Digest: Local Equities - Malaysia Smelting Corp Bhd, Dialog Group Bhd, Malakoff Corp Bhd, Alliance Bank Malaysia Bhd

<p>KUALA LUMPUR (May 7): Shares of construction crane manufacturer Favelle Favco Bhd closed at its all time high on Tuesday, after the group clinched four contracts for the supply of offshore and tower cranes.</p>


Favelle Favco shares hit new high on RM39.2 mil contract wins

<p>Paris authorities have spent years readying for the almost 2 million international visitors expected for the 2024 Summer Olympics, but they may have overlooked a far bigger phenomenon now coming to the city: Taylor Swift.</p>


Taylor Swift draws five times as many US luxury travellers as the Olympics

<p>A 65% slide in VinFast Auto Ltd’s stock this year underlines the challenge faced by the electric vehicle (EV) maker backed by Vietnam’s richest man.</p>


VinFast’s EV ambitions get a reality check as shares plunge 65%

<p>Global oil major Shell said on Tuesday that it remains "committed to the mobility business" in Malaysia, after a report that it was in talks with Saudi Aramco to sell its gas stations in the country.</p>
