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<div class=newsTextDataWrapInner><p class="thumb-cap tem-only-mt--20">EVENING 5: Plantation workers ‘discouraged’ from going home</p></div>
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<div class=newsTextDataWrapInner><p>Dirty dealings. Corporate battles. Consumer woes. Here are five things you need to know today.</p></div>

<div class=newsTextDataWrapInner><p>1. Rights groups say some Malaysian palm oil plantations are <a href="https://www.theedgemarkets.com/article/malaysia-palm-oil-workers-discouraged-going-home-says-rights-groups" target="_blank">discouraging their foreign workers</a> from going home at the end of their contracts.</p></div>

<div class=newsTextDataWrapInner><p>2. The KL High Court <a href="https://www.theedgemarkets.com/article/court-fixes-feb-8-and-9-forfeiture-hearing-obyu-holdings" target="_blank">fixes Feb 8 and 9, 2021</a> for the forfeiture hearing of 1MDB-linked luxury items seized from premises belonging to OBYU Holdings.</p></div>

<div class=newsTextDataWrapInner><p>3. The prosecution closes its case in <a href="https://www.theedgemarkets.com/article/rosmah-graft-trial-prosecution-closes-case-offers-10-witnesses-defence" target="_blank">Datin Seri Rosmah Mansor’s graft trial</a>, and offers 10 witnesses to the defence.</p></div>

<div class=newsTextDataWrapInner><p>4. The FBM KLCI closes higher, driven by a rally in banking and financial services-related stocks, as <a href="https://www.theedgemarkets.com/article/klci-closes-higher-banking-stocks-rally-amid-vaccinefuelled-optimism" target="_blank">investors switch to recovery play</a>.</p></div>

<div class=newsTextDataWrapInner><p>5. Bursa Malaysia slaps Ipmuda with an <a href="https://www.theedgemarkets.com/article/building-materials-trader-ipmuda-slapped-uma-query" target="_blank">unusual market activity query</a> over the sharp rises in its share price and volume recently.</p></div>


Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

GLOBETRONICS Technology Bhd, an established outsourced semiconductor assembly and test (OSAT) player, is planning to move up the value chain by diversifying into advanced packaging to ride the wave of rising demand for such services.

It also expects advanced packaging to be its future r...

Globetronics to venture into advanced packaging on back of rising demand

While continuous growth is essential for a company to survive in the highly competitive property development industry, staying focused and establishing a clear market position are key to distinguishing itself from the others.

“When I first started in the property industry about 20 years...

Cover Story: Staying focused on affordable residential market

Following its demerger from CIMB Group Holdings Bhd, CGS International Securities Malaysia (CGS Malaysia) is aiming for a compound annual growth rate (CAGR) of about 15% to 20% in revenue over the next three to five years.

Following demerger, CGS Malaysia aims for 15%-20% CAGR in revenue over next five years

KUALA LUMPUR (April 23): Grade A prime office spaces continue to be in demand with improving vacancy and rental rates due to the flight to quality trend among tenants, according to JLL (Malaysia), as discussed in its JLL’s 1Q2024 Greater Kuala Lumpur Property Market Monitor launch on Tuesday.

Grade A prime office spaces continue to be in demand — JLL (Malaysia)

Swatch Group (M) Sdn Bhd said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.

Swatch says advocating compassion for LGBTQ is not a crime, seizure illegal

Sunway Property, the property arm of Sunway Bhd, is set to preview the first phase of Sunway Velocity 3 in Cheras, Kuala Lumpur on Saturday (May 4) in its recently opened sales gallery.

Sunway Property to preview Sunway Velocity 3 on May 4

erman police have arrested an employee of an Alternative for Germany (AfD) politician in the eastern German city of Dresden on suspicion of espionage for China, broadcasters ARD, RBB and SWR reported on Tuesday.

Staffer of Germany's AfD arrested on suspicion of China espionage — reports

Malaysia’s Single Window for the Startup Ecosystem (MYStartup), a game-changing one-stop online platform for start-ups, was launched at the KL20 Summit 2024 here on Tuesday.

MYStartup a one-stop online platform for start-ups — minister

PETALING JAYA (April 23): Tropicana Corp Bhd is partnering with Maybank Islamic Bhd to provide a home financing solution called Maybank Islamic’s HouzKEY.

Tropicana partners Maybank Islamic to offer HouzKEY home financing solution

System installation works on the East Coast Rail Link (ECRL) involving the construction of electrification, signalling and telecommunication systems for the operation of passenger and cargo trains are expected to begin in May.

ECRL system installation works to start in May

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


Najib's 1MDB-Tanore trial live reporting (April 23)

<p>Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.</p>


Two helicopters crash in Lumut, 10 confirmed killed — RMN

<p>Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.</p>


Topmix surges 32% on ACE Market debut

<p>Brazil's government said on Monday that four additional poultry plants have been cleared to sell halal products to Malaysia, a move it hopes will allow exports to the Asian country to double when compared to last year's levels.</p>


Brazil says Malaysia clears four more halal poultry plants for export

<p>Healthcare stocks still have legs to run following the recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.</p>


KPJ near record high, IHH surges as analysts bet on more upside

<p>Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.</p>


Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

<p>Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.</p>


Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

<p>Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from US tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.</p>


Asian shares extend gains ahead of tech earnings, yen fragile

<p>Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.</p>


Ex-Umno leader ready to apologise in contempt of court case

<p>Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.</p>


Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

<p>Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.</p>


October hearing for Rosmah's appeal in solar project graft trial

<p>Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd and said with 33 of its F&amp;B outlets situated across Johor state, and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore.</p>


SDS strategically positioned to leverage burgeoning vibrancy in Johor, says HLIB 

<p>Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.</p>


China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

<p>Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight, as sentiment improves after Iran said it will not escalate the conflict with Israel, said an analyst.</p>


Bursa up in early trade, tracking Wall Street overnight

<p>Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.</p>


Malton unveils River Park's final tower

<p>Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health.</p>


Wall Street stocks end higher with major corporate earnings in view

<p>Rakuten Trade has a “buy” rating on ACE Market-bound surface decorative products company Topmix Bhd at an initial public offering (IPO) price of 31 sen, with a fair value of 40 sen based on financial year 2024 (FY2024) forecast price-earnings (PE) of 15x, in line with industry peers.</p>


Rakuten Trade values Topmix at 40 sen, expects FY2023-FY2026 earnings to grow at CAGR of 25%

<p>Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;</p>

<p>However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told <em>The Edge</em> on Tuesday.</p>


Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

<p>South Korea is emerging as a closely watched weak link in the US$63 trillion (RM298.95 billion) world of shadow banking.</p>


Shadow banking stress in South Korea sends warning to global investors

<p>The two helicopters which collided and crashed at the Royal Malaysian Navy (RMN) Base were undergoing a rehearsal for the third time in conjunction with RMN Fleet Open Day celebration scheduled on Saturday (April 27).</p>
