<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Feb 5): SKB Shutters Corp Bhd confirmed today that there is no unannounced corporate development that may account for the recent sharp rise in price and volume of the company’s shares, after its stock price surged 86% over the past two days.</p></div>

<div class=newsTextDataWrapInner><p>In a statement to Bursa Malaysia today, roller shutter and steel door manufacturer SKB said it is not aware of any company-related rumour or report or "any other possible explanation" that may account for its share-trade activity.</p></div>

<div class=newsTextDataWrapInner><p>SKB’s statement was in response to Bursa’s unusual market activity (UMA) query earlier today on the recent sharp rises in SKB’s share price and volume.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>According to Bursa's website, SKB's share price, which hit limit up at its record of RM1.07 high today, has risen sharply since Tuesday (Feb 2) when the stock closed at 57.5 sen with 2,000 units traded.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>SKB shares were however not transacted on Wednesday (Feb 3).<br />
Yesterday (Feb 4), SKB's share price ended up at 77 sen with 330,900 units exchanging hands.</p></div>

<div class=newsTextDataWrapInner><p>At 5pm today, SKB’s share price closed up 30 sen or 38.96% at RM1.07, with 686,100 units traded.</p></div>

<div class=newsTextDataWrapInner><p>At RM1.07, SKB has a market value of about RM42.8 million, based on the company's 40 million issued shares.</p></div>


KUALA LUMPUR (Feb 5): SKB Shutters Corp Bhd confirmed today that there is no unannounced corporate development that may account for the recent sharp rise in price and volume of the company’s shares, after its stock price surged 86% over the past two days.

SKB Shutters unable to explain unusual share price, volume surge

J Sainsbury plc expects profits to rise this year on the back of strong food sales, as the company prioritises groceries above clothing and general merchandise.

Sainsbury’s sees retail profit above £1 bil this year

IndiGo, India's top airline by market share, placed an order with Airbus for 30 A350-900 jets, it said on Thursday, its first-ever order for widebody aircraft.

Indian carriers are trying to keep pace with the world's fastest-growing aviation market, where demand for air travel has surged post-pandemic, even as plane manufacturers struggled to meet output goals.

India's IndiGo places first-ever widebody order for 30 Airbus A350 jets

Thailand will name former corporate energy executive and central bank board member Pichai Chunhavajira as its new finance minister, taking over the role from Prime Minister Srettha Thavisin, two government sources told Reuters on Thursday.

Thailand to appoint former energy executive Pichai finance minister — Reuters

MOSCOW (April 25): The head of the Belarusian security service said on Thursday it had thwarted an attack on the capital Minsk by drones launched from Lithuania, Russian state news agencies said.

There was no immediate comment from NATO-member Lithuania.

"The State Security Co...

Belarus says it thwarted attack on capital by drones launched from Lithuania

AirAsia X Bhd (AAX), which will be taking over Capital A Bhd's aviation business, has announced the mechanics of its plan via a bourse filing on Thursday.

AirAsia X to buy Capital A's aviation business for RM6.8b via share deal 

Practice Note 17 (PN17) company Khee San Bhd will increase the allotment underwritten in its proposed rights issue after Ng Meng Kee ceased to be a substantial shareholder and requested to discharge his undertaking.

Khee San revises underwriting of rights issue after substantial shareholder ceases to be, withdraws undertaking

Indonesian president elect Prabowo Subianto received a boost on Thursday after a prominent political party that backed another candidate pledged its support for his administration, moving him a step closer to securing a majority in the new parliament.

NasDem, which won 10% of the vote in February's legislative election, was ready to pledge its "full support" for the next administration, its chief Surya Paloh told reporters after a meeting with Prabowo.

Indonesia's Prabowo closes in on parliamentary majority after rival party pledges support

The Employees Provident Fund (EPF) has announced the implementation of Account 3, named Flexible Account, from May 11.

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Global semiconductor firm Nasdaq-listed TTM Technologies Inc has invested US$200 million (about RM958 million) for its first manufacturing plant in Malaysia.

Nasdaq-listed TTM Technologies invests RM958 mil for manufacturing plant in Penang

Pantech Group Holdings Bhd is considering to list two wholly-owned subsidiaries — Pantech Stainless & Alloy Industries Sdn Bhd and Pantech Steel Industries Sdn Bhd — on the Main Market of Bursa Malaysia via a special purpose vehicle (SPV).

Plans for this are still at the preliminary stage and extensive preparatory work needs to be carried out, Pantech said in a bourse filing on Thursday.

Pantech mulls listing two subsidiaries on Main Market via SPV

<p>KUALA LUMPUR (April 25): Members of the the Employees Provident Fund (EPF) who are below 55 years old will have an Account 3 starting from May 11, from which they can make withdrawals at any time for any purpose —&nbsp;subject to a minimum withdrawal amount of RM50. This is on top of the two existing accounts they currently have for retirement savings.&nbsp;</p>


EPF members under age 55 will have Account 3 starting May 11

<p>Malaysia is in early discussions with tycoons on opening a casino in Forest City, people familiar with the matter said, in a bid to revive the beleaguered US$100 billion (RM478.35 billion) property project that counts the country’s monarch as one of its shareholders.</p>


Malaysia is said to mull casino resort to revive Forest City

<p>Shares of YTL Corp Bhd rallied to a new all-time high on Thursday after Hong Leong Investment Bank (HLIB) flagged more upside even after a 42% year-to-date surge.</p>


YTL Corp rallies to new all-time high after HLIB flags more upside

<p>Digital Nasional Bhd (DNB), the state-owned company in charge of the 5G network infrastructure rollout, on Thursday named five new board members, comprising senior leaders from the telecom and technology industries.</p>


Digital Nasional names senior telco and tech leaders as new directors

<p>A made-in-China electric vehicle (EV) will hit US dealers this summer offering power and efficiency similar to the Tesla Model Y, the world's best-selling EV, but for about US$8,000 (RM38,228) less.</p>


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<p>Sports retailer Al-Ikhsan Sports Sdn Bhd, in which state-owned private equity firm Ekuiti Nasional Bhd (Ekuinas) owns a 35% stake, has appointed Datuk Hishammudin Hasan as its new chief executive officer effective April 17.</p>


Ekuinas-backed Al-Ikhsan Sports names former 7-Eleven head as CEO

<p>Wireless carrier Axiata Group Bhd and conglomerate PT Sinar Mas Group are moving forward with plans to merge their telecommunications operations in Indonesia, people familiar with the matter said.</p>


Axiata, Sinar Mas move closer to US$3.5b telco merger, Bloomberg reports

<p>Prime Minister Datuk Seri Anwar Ibrahim on Thursday denied claims that the government will issue a licence for the operation of a casino in Forest City, Johor.</p>


PM denies claims that govt issuing casino licence for Forest City

<p>KUALA LUMPUR (April 25): Mega First Corp Bhd shares have likely peaked following a recent rally to new all-time highs, and investors should stop buying the stock now, Maybank Investment Bank (Maybank IB) said and downgraded the stock to ‘hold’.</p>

<p>Maybank IB is the first from a total of fi...

Mega First shares likely peaked; Maybank IB the first to downgrade stock

<p>Housing and Local Government Minister Nga Kor Ming’s press secretary Pang Sock Tao was announced as the unity government’s candidate for the Kuala Kubu Baharu by-election on May 11.</p>


Nga's press secretary Pang picked as unity govt's candidate for Kuala Kubu Baharu by-election

<p>JOHOR BAHRU (April 25): The Johor branch of the Malaysian Quarantine and Inspection Services Department (Maqis) found parasitic worms Anisakis sp in samples of sardine cans from China that were brought in through the Sultan Iskandar Building (BSI) here, earlier this month.</p>


Parasitic worms Anisakis sp found in canned sardines from China — Johor dept

<p>KUALA LUMPUR (April 25): Agricore CS Holdings Bhd, a food ingredients supplier, has obtained approval from Bursa Malaysia Securities Bhd to list on its ACE Market.</p>


Agricore CS Holdings gets Bursa Malaysia nod to list on ACE Market

<p>Malaysia’s consumer inflation came in lower than expected in March from a year earlier as prices of healthcare and food rose at a slower pace, official data on Thursday showed.</p>

<p>The Consumer Price Index — Malaysia’s main gauge of inflation — rose 1.8% year-on-year, according to the Department of Statistics. The headline figure was a tad lower than the median 2% rise predicted in a Bloomberg survey of economists, and unchanged versus February’s 1.8% gain.</p>


Malaysia’s inflation steady at 1.8% in March

<p>IOI Properties Group broke ground on Thursday for Senna Puteri, its latest township development located in Sepang, Selangor. The developer is looking to launch 386 units of townhouses in its first phase before the end of the second quarter.</p>

<p>Spanning 117 acres in southern Klang Valley, the 12-phase Senna Puteri will be developed over the next 10 years, offering residential, commercial, recreational areas, green spaces, community hall, surau and more. It has a gross development value (GDV) of over RM3 billion.</p>


IOI Properties breaks ground for 117-acre Senna Puteri in Sepang

<p>The Malaysian Anti-Corruption Commission (MACC) has confirmed that former prime minister Tun Dr Mahathir Mohamad is among individuals under investigation by the commission.</p>


Azam Baki confirms Dr M among individuals under MACC probe

<p>The Court of Appeal has allowed a bid by Tan Sri Muhyiddin Yassin to have a bench of five judges to hear his review application to restore his acquittal by the High Court of four of his abuse of power charges last year.</p>

<p>His lawyer Chetan Jethwani said that Court of Appeal deputy registrar Muhammad Noor Firdaus Rosli informed the parties of the matter on Thursday morning during case management.</p>


Appellate court grants Muhyiddin five-member bench for review of charges

<p>Singapore's Keppel said on Thursday its first-quarter net profit excluding the effects of legacy offshore and marine assets was higher, boosted by strong performance in the global asset manager's infrastructure and connectivity segments.</p>


Singapore's Keppel profit rises on strong infra, connectivity performance

<p>KUALA LUMPUR (April 25): Former prime minister Datuk Seri Najib Razak had never instructed 1Malaysia Development Bhd’s (1MDB) management to transfer a total US$1.03 billion to Good Star Ltd, a company linked to the fugitive Low Taek Jho (Jho Low), the court heard on Thursday.</p>


Najib never instructed 1MDB management to transfer monies to Good Star — witness

<p>SHANGHAI (April 25): US&nbsp;Secretary of State Antony Blinken on Thursday called on China to provide a level playing field for American businesses, as he began a visit aimed at resolving a raft of contentious issues that could jeopardise the newly repaired relationship.</p>


In China, Blinken urges fair treatment of American companies

<p>Investors are looking for the next policy domino to fall in Asia amid an escalating campaign against a resurgent dollar, after Indonesia used a surprise interest rate hike to defend the rupiah.</p>
