<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Dec 2): QL Resources Bhd and Boilermech Holdings Bhd have requested for the trading of their shares to be suspended tomorrow pending an announcement.</p></div>

<div class=newsTextDataWrapInner><p>The shares of both counters will be suspended with effect from 9am, the two companies said in separate filings today.</p></div>

<div class=newsTextDataWrapInner><p>QL Resources added that its structured warrants will also be suspended.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>QL Resources is in the agro-food business which focuses on producing eggs, while Boilermech is involved in biomass boiler design and manufacturing.</p></div>

<div class=newsTextDataWrapInner><p>QL Resources’ share price closed at RM6.20 today for a market capitalisation of RM15.09 billion while Boilermech settled at 95 sen for a market value of RM490.2 million.</p></div>


QL Resources Bhd and Boilermech Holdings Bhd have requested for the trading of their shares to be suspended tomorrow pending an announcement.

The shares of both counters will be suspended with effect from 9am, the two companies said in separate filings today.

QL Resources added that its structured warrants will also be suspended

QL Resources, Boilermech shares to be suspended tomorrow pending announcement

Adidas is launching cheaper versions of its three-striped shoes like the white and black suede Samba as it aims to spread the trend, CEO Bjorn Gulden said on Thursday at the company's annual shareholders' meeting in Germany.

Adidas plans cheaper versions of popular shoes

A summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI rises 0.49% to 1,611.11 on May 16, 2024

World stocks hit a record high and bond markets rallied on Thursday as galvanised hopes of interest rates cuts in the US and other major economies extended a powerful month-long global bull run.

Stocks and bonds bask in rate cut hopes

Sarawak Cable Bhd (KL:SCABLE) on Thursday said that the High Court has allowed the winding-up petition by OCBC Bank (Malaysia) Bhd on its subsidiaries Universal Cable (M) Bhd and Leader Cable Industry Bhd.

High Court gives nod for OCBC to wind up Sarawak Cable’s subsidiaries

Exposure to buy-now-pay-later (BNPL) risks should be integrated into household debt metrics to keep a lid on consumer borrowings, according to Khazanah Research Institute.

Buy-now-pay-later exposure must be captured, industry regulated further — Khazanah think tank

Axiata Group Bhd’s (KL:AXIATA) move to merge its Indonesian telco unit XL Axiata with Smartfren Telecom will yield consolidation benefits, analysts said, but questioned the expected synergies from the deal.

Analysts say Axiata's Indonesian unit merger may yield benefits, but doubt synergy

JAKARTA (May 16): Indonesia has set a target to increase 2024 sugar output to 2.59 million metric tonnes, driven by a bigger planting area after last year's weak sugarcane harvest, the agriculture ministry said on Thursday.

Indonesia targets higher white sugar output in 2024

Putin ally says Ukraine risks dragging the West into a major war with Russia

China's Baidu beat analysts' estimates for first-quarter revenue on Thursday, driven by a recovery in advertising sales and higher demand for its cloud products.

China's Baidu beats quarterly revenue estimates on ad recovery, cloud demand

China’s economy likely continued to show signs of improvement in April, buoying the outlook for recovery, as policymakers ramped up support. 

Data due on Friday will offer a glimpse of whether the world’s second-biggest economy was able to sustain the recovery momentum in the first quarter, as it seeks to achieve an ambitious full-year growth of around 5%.

China's recovery likely picked up with outlook buoyed by stimulus — Bloomberg

<p>Rakuten Trade said trading in rubber glove stocks took the limelight on Wednesday, buoyed by the US tariff imposition on Chinese goods which will only take effect in two years.</p>


Analysts say glove stocks rally a knee-jerk euphoria, advise investors to stay vigilant

<p>KUALA LUMPUR (May 16): Shares of Malaysian glove manufacturers fell on Thursday, as analysts advised investors to remain vigilant over emerging concerns on US tariffs on Chinese goods, which will not take effect for another two years.</p>


Glove counters surrender gains as analysts advise investors to stay vigilant

<p>Shares in Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, did not fare well on Thursday, folllowing news of a privatisation offer at RM11 per share led by a consortium of its major shareholder Khazanah Nasional Bhd and the Employees Provident Fund (EPF).&nbsp;</p>


MAHB shares fall as investors cautious about privatisation deal

<p>KUALA LUMPUR (May 16): The Malaysian Aviation Commission (Mavcom) has revoked the Air Service Licence (ASL) of scheduled air cargo operator My Jet Xpress Airlines Sdn Bhd.</p>


Mavcom revokes Air Service Licence of My Jet Xpress Airlines

<p>Shares of AEON Co (M) Bhd (KL:AEON) surged to their highest in 20 months as investors cheered the department store operator’s first-quarter results while analysts raised their forecasts to catch up with the stronger-than-expected earnings.</p>


AEON shares jump to 20-month high after 50% surge in 1Q net profit

<p>KUALA LUMPUR (May 16): IJM Land Bhd, the property arm of construction giant IJM Corporation Bhd (IJM Corp)(KL:IJM), said on Thursday that it has secured eight central London sites for development with its partner Network Rail Property.</p>


IJM, partner secure eight central London sites for development

<p>(May 16):&nbsp;Singapore Airlines Ltd&nbsp;will reward staff with a bonus payout worth almost eight months of salary, according to a person familiar with the matter, after delivering a second consecutive record annual profit.</p>


Singapore Air staff get eight months' salary bonus after record profits

<p>National oil firm Petroliam Nasional Bhd’s (Petronas) subsidiary Suriname E&amp;P BV&nbsp;(Petronas Suriname E&amp;P) has made a third hydrocarbon discovery in Suriname’s Block 52 at the Fusaea-1 exploration well, located about 170km offshore and 9km east from Roystonea-1.</p>


Petronas makes oil and gas discovery at Suriname's offshore Block 52

<p>KUALA LUMPUR (May 16): Shares of Mitrajaya Holdings Bhd (KL:MITRA) rose to their highest in more than eight months, after the builder and property developer announced that it has secured a contract worth RM174.3 million.</p>


Mitrajaya surges to over eight-month high amid active trade after RM174m contract win

<p>A three-member Court of Appeal bench on Thursday upheld a High Court decision given two years ago, which had dismissed an Inland Revenue Board (IRB) claim of taxes amounting to RM1.8 billion against Tenaga Nasional Bhd (KL:TENAGA).</p>


TNB need not pay RM1.8b additional taxes as appellate court upholds High Court's decision

<p>Gold and jewellery brand Tomei Consolidated Bhd (KL:TOMEI) anticipates that the newly introduced Employees Provident Fund's (EPF) Account 3 will enhance consumers' spending power, potentially boosting its retail sales.</p>


Tomei anticipates retail boost from new EPF Account 3

<p>The government should encourage more graduates to work abroad for better salaries to service their student debt, as Malaysia is experiencing wage stagnation and an erosion of living standards, according to the Khazanah Research Institute (KRI).</p>


Encourage graduates to work abroad for better salaries to service student debt, Khazanah Research tells Putrajaya

<p>Meta Platforms has restored Facebook posts by Malaysian media covering Prime Minister Datuk Seri Anwar Ibrahim's meeting this week with a Hamas leader, saying they were removed in error.</p>


Meta restores Facebook posts by Malaysian media on Anwar's meeting with Hamas

<p>Shares in Apex Healthcare Bhd (KL: AHEALTH) fell again on Thursday, and may be on track for their worst day in nearly a year, after the pharmaceutical company posted weaker-than-expected first-quarter results.</p>


Apex Healthcare shares extend decline after 1Q results

<p>World stocks hit a record high and bond markets rallied on Thursday as galvanised hopes of interest rates cuts in the US and other major economies extended a powerful month-long global bull run.</p>


<p>Ekuiti Nasional Bhd (Ekuinas) is investing RM37 million in local Bumiputera company Mizou Holdings Sdn Bhd, which is mainly involved research and development, sales, distribution and support services of specialised agricultural machinery designed for the upstream palm oil sector.</p>


Ekuinas invests RM37m in industrial machinery developer Mizou

<p>Industrial paint and coating manufacturer Smart Asia Chemical Bhd (KL:SMART), which is set to be listed on the ACE Market of Bursa Malaysia on May 28, said its initial public offering (IPO), priced at 40 sen apiece, has been oversubscribed by 33.8 times.</p>


Smart Asia Chemical oversubscribed by 33.8 times ahead of ACE Market listing

<p>theedgemalaysia.com&nbsp;<wbr />highlighted three stocks with positive momentum and 12 stocks with negative momentum at Bursa Malaysia's afternoon close on Thursday. &nbsp;</p>


Straits Energy, Revenue, AEON Co, Notion VTec, L&P Global, MBSB, Hume Cement, VSTECS, ELK-Desa, Icon Offshore, Dancomech, WMG, SCGM, Jiankun International, Mitrajaya

<p>KUALA LUMPUR (May 16): Malaysia is taking steps to strengthen its regime on anti-money laundering, and the countering of financing terrorism and the proliferation of weapons of mass destruction (AML/CFT/CPF), the central bank said.</p>


BNM: Malaysia taking steps to strengthen anti-money laundering, counter-terror laws

<p>Norway’s US$1.7 trillion (RM7.96 trillion) sovereign wealth fund has decided to exclude Adani Ports &amp; Special Economic Zone Ltd&nbsp;from its portfolio, citing 'unacceptable'&nbsp;risks that the company is tied to human rights violations in war and conflict zones.</p>
