<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Sept 30): Shares in Green Packet Bhd rose as much as two sen or 2.65% to 77.5 sen among Bursa Malaysia's most-active stocks, possibly on investor confidence that the group's e-wallet business and payment gateway solutions unit Kiplepay Sdn Bhd will put loss-making Green Packet on the road to profitability in 2021.</p></div>

<div class=newsTextDataWrapInner><p>At 3:51pm today, Green Packet shares were transacted at 76 sen with some 24 million units traded.</p></div>

<div class=newsTextDataWrapInner><p><em>The Edge Financial Daily</em>, quoting Green Packet executive director Tan Kay Yen, reported today that earnings from Kiplepay fall under Green Packet's digital services segment.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It was reported that Green Packet's digital services business is expected to contribute positively to the communications and technology group in three years once the business grows significantly with sufficient merchants and user base to provide recurring income.</p></div>

<div class=newsTextDataWrapInner><p>"Kiplepay, which posted a gross transaction value (GTV) of only RM20 million in 2017, is expected to see a GTV of RM300 million this year and as much as RM1 billion next year, said Tan, who is also Kiplepay CEO. To date, Kiplepay has more than 515,000 users, with more than 5,000 merchants," the daily reported.</p></div>


Shares in Green Packet Bhd rose as much as two sen or 2.65% to 77.5 sen among Bursa Malaysia's most-active stocks, possibly on investor confidence that the group's e-wallet business and payment gateway solutions unit Kiplepay Sdn Bhd will put loss-making Green Packet on the road to profitability in 2021.

At 3:51pm today, Green Packet shares were transacted at 76 sen with some 24 million units traded.

Green Packet rises on Kiplepay outlook

Forbes has released its 2024 list of the 10 richest Malaysians.

NEWS: Who are Malaysia’s richest?

I-Bhd, which develops properties and operates theme parks, said on Wednesday it is planning to issue preference shares to its major shareholder in a deal that could raise up to RM100 million.

I-Bhd to raise RM100m from preference share issue

The US Securities and Exchange Commission (SEC) wants to impose a US$5.3 billion (RM25.32 billion) fine on Terraform Labs Pte Ltd and its co-founder Do Kwon, the inventor of the failed TerraUSD stablecoin.

US regulator seeks US$5.3b fine for Terraform Labs, Kwon

BENGALURU (April 24): South Korea's economy likely grew 0.6% last quarter, maintaining the same pace of expansion as in the previous three months, as improving exports offset weakening household consumption, a Reuters poll of economists found.

The trade-dependent economy experienced a n...

South Korea's economy likely saw steady economic growth in Q1

The son of a menteri besar is among six individuals remanded by the Malaysian Anti-Corruption Commission (MACC) here to assist in investigations regarding a case of submitting false documents and claims involving RM600,000 over the past two years.

MB's son among six remanded over document forgery, false claims involving RM600,000

Digital Minister Gobind to announce 5G development, appointment of DNB board members on Thursday, says Fahmi

TOKYO/SINGAPORE (April 24): Oil prices extended gains on Wednesday after industry data showed a surprise drop in US crude stocks last week, a positive sign for demand, though markets were also keeping a close eye on hostilities in the Middle East.

Oil prices climb amid US stocks decline, Middle East conflict

Indonesia’s central bank will likely postpone monetary easing to later this year, if not early 2025, as it waits out uncertainty around the Federal Reserve’s (Fed) rate path and the continued fighting in the Middle East.

Rupiah slump may keep Indonesia rate cuts at bay until 2025

HONG KONG (April 24): Hong Kong's bourse operator reported a 13% drop in first-quarter profit on Wednesday, as sluggish trading and muted listing activities weighed on its businesses.

Hong Kong bourse operator's 1Q profit drops on weaker listings, trading

Silchester International Investors, a London-based firm that has advocated for corporate change in Japan, disclosed it has taken a stake in Nikon Corp, pushing the shares up by the most in more than a decade.

Nikon highest in 11 years on London’s Silchester taking 5% stake

<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 24)

<p>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.</p>

<p>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.</p>


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

<p>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?</p>


What’s next for 5G deployment in Malaysia?

<p>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.</p>


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

<p>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.</p>


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

<p>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.</p>


MyEG inks partnership to launch Hong Kong virtual assets

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


NationGate may extend upward trajectory, says Rakuten Trade 

<p>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;</p>


Telco shares lift Bursa higher at midday

<p>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.</p>


Fernandes to be CEO of Capital A for another five years

<p>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.</p>


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

<p>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.</p>


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

<p>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.</p>


Asian shares jump on tech boost; fragile yen on intervention watch

<p>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.</p>


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

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


Tesla to accelerate launch of cheaper cars after sales miss

<p>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.</p>


Bursa opens higher, tracking overnight Wall Street

<p>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.</p>


Wall Street closes higher as investors digest earnings, megacap outlook

<p>The Malaysian Anti-Corruption Commission investigating officer (MACC IO) probing Datuk Seri Najib Razak in relation to the 1Malaysia Development Bhd (1MDB) debacle never asked the former prime minister if he had instructed for the controversial transfer of US$700 million to a company linked to fugitive Low Taek Jho (Jho Low), the court heard on Wednesday.</p>


MACC officer did not ask Najib if he instructed controversial transfer of US$700m to Good Star

<p>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.</p>


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

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


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

<p>Sunway Putra Hotel Kuala Lumpur marked the commencement of its lobby area refurbishment with a ground-breaking ceremony.</p>
