<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 21): Shares in Uzma Bhd rose 5.11% in active trade this morning following a positive technical outlook on the stock.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>At 9.10am, Uzma rose 3.5 sen to 72 sen with 2.92 million shares traded.</p></div>

<div class=newsTextDataWrapInner><p>RHB Retail Research said Uzma Bhd may move higher after it continued holding above the 61 sen support.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>In a trading stocks note today, the research house said yesterday’s white candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment.</p></div>

<div class=newsTextDataWrapInner><p>“A bullish bias may appear above the 66 sen level, with an exit set below the 61 sen threshold.</p></div>


KUALA LUMPUR (June 21): Shares in Uzma Bhd rose 5.11% in active trade this morning following a positive technical outlook on the stock. 

At 9.10am, Uzma rose 3.5 sen to 72 sen with 2.92 million shares traded.

RHB Retail Research said Uzma Bhd may move higher after it cont...

Uzma active, up 5.11% on positive technicals 

PARIS (May 8): Borussia Dortmund showed great composure to reach their third Champions League final after Mats Hummels' second-half goal earned the visitors a 1-0 victory against misfiring Paris St Germain for a deserved 2-0 aggregate win on Tuesday.

Hummels headed home from a corner fi...

Hummels on target as composed Dortmund knock PSG out to reach final

NEW YORK (May 8): Porn star Stormy Daniels described her 2006 encounter with Donald Trump in unflattering terms at his criminal trial on Tuesday, testifying she tried not to think about the sex while it took place and feared it would become public.

For several hours Daniels, 45, offered...

Stormy Daniels testifies she had sex with Trump, defense attacks her credibility

(May 8): Fitch Ratings on Tuesday downgraded embattled regional lender New York Community Bancorp and its bank subsidiary, Flagstar Bank, to 'BB' from 'BB+'.

The ratings agency said the downgrade reflects its assessment that NYCB has a weaker earnings and profitability profile coupled w...

Fitch downgrades New York Community Bancorp to 'BB' on near-term earnings pressure

Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.

Sime Darby Plantation, Pekat, Siab, OCK, Sapura Energy, CTOS, Awantec, Mobilia, Prolintas, Power Root

GCH Retail (M) Sdn Bhd, the operator of Giant hypermarkets, said the courts are still deciding on the company’s tenancy dispute with its landlord over premises it is currently occupying in Batu Caves.

GCH Retail says Giant Batu Caves tenancy dispute with landlord still being decided by courts

The takeover bid by Yinson Holdings Bhd’s major shareholder for Icon Offshore Bhd was made at 63.5 sen per share, as wellas 0.1 sen per warrant.

Yinson's major shareholder raises Icon stake to 56.67% as MGO closes

TikTok and its Chinese parent company ByteDance said on Tuesday they filed suit in US federal court seeking to block a law signed by President Joe Biden that would force the divestiture of the short video app used by 170 million Americans or ban its use.

TikTok, ByteDance sue to block US law seeking sale or ban of app

The Malaysian Anti-Corruption Commission (MACC) is studying allegations against Housing and Local Government Minister Nga Kor Ming with regards to his announcement of an allocation for infrastructure in Kuala Kubu Bharu (KKB) recently.

MACC looking into minister’s KKB allocation announcement ahead of poll

Power Root Bhd's subsidiaries have successfully recovered trademark of its own “Ah Huat” brand for coffee and tea beverages, after reaching an amicable out-of-court settlement with its Indonesian distributor CV Ego Sun Star Sukses Mandiri (CV Ego) following an infringement wrangle that started in 2013.

Power Root reclaims ‘Ah Huat’ brand in Indonesia after decade-long trademark tussle 

Urusharta Jamaah Sdn Bhd (UJSB) — a special purpose vehicle established under the Ministry of Finance to rehabilitate, restructure and monetise underperforming assets transferred to it from Lembaga Tabung Haji — has emerged as a substantial shareholder in Prolintas Infra Business Trust.

Urusharta Jamaah emerges as third largest shareholder in Prolintas Infra

<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>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>


Shell says it remains committed to mobility business in Malaysia

<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

<p>The Investment, Trade and Industry Ministry (Miti) has confirmed that an announcement on Google’s investment in Malaysia will be made in the near future.</p>


Announcement on Google's investments in Malaysia soon, says Zafrul

<p>PUTRAJAYA (May 7): The Malaysian Anti-Corruption Commission (MACC) has revealed that the nation incurred losses totalling RM277 billion as a result of corruption over the past five years.</p>


Malaysia suffered RM277b in loss over five years up to 2023 due to corruption — MACC

<p>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.</p>


Sapura Energy's JVs win US1.8b worth of contracts in Brazil

<p>Insurance comparison platform BJAK says it acknowledges the "issues" raised by the Road Transport Department (JPJ) and is actively working with the authority to address them.</p>


BJAK acknowledges issues raised by JPJ, says actively working to address them

<p>Telecommunication tower company (towerco) OCK Group Bhd has entered into a 15-year tower leasing agreement with Best Telecom Co Ltd, marking its entry into Laos, where Best Telecom plans to launch their 5G network by the end of the year.</p>


OCK marks entry into Laos with a 15-year tower leasing deal with Best Telecom

<div class="ceonothumb mx-auto pb-5">
<div>
<div class="iframe-w100-wrapper"><iframe allowfullscreen="" frameborder="0" height="500" src="https://www.youtube.com/embed/3m3uDu_p7Rw?si=EJn8MQBYV-CAV27h&amp;rel=0&amp;autoplay=1&amp;mute=1" width="840"></iframe></div>
</div>

<p class="thumb-cap">E...

EVENING 5: Five things you need to know today

<p>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).</p>


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

<p>KUALA LUMPUR (May 7):&nbsp;More than 98% of total manufacturing projects approved in 2023 have been implemented or are in the planning stage as of May 5, said the Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz on Tuesday.</p>

<p>According to the Ministry of Inve...

Zafrul: Over 98% manufacturing projects approved in 2023 implemented, in planning

<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday.</p>


<p>BATU KAWAN (May 7): The semiconductor industry presents Malaysia with a once-in-a-generation opportunity for exponential economic growth, and industry players are advised to capitalise on this billion-dollar sector, said&nbsp;Deputy Investment, Trade and Industry Minister Liew Chin Tong on Tuesday.</p>


Semiconductor industry offers Malaysia chance for exponential growth — deputy minister

<p>The Malaysian Communications and Multimedia Commission (MCMC) will sign a Memorandum of Understanding (MOU) with Microsoft on May 14 to develop a digitally skilled workforce, particularly in the artificial intelligence (AI) sector, through education.</p>


MCMC, Microsoft to ink MOU on digital workforce cultivation next Tuesday — deputy minister 

<p>AwanBiru Technology Bhd (Awantec) reported a net profit of RM2.14 million for its third quarter ended March 31, 2024 (3QFY2024), a significant turnaround from the net loss of RM1.99 million it incurred a year ago, as its software and services segment secured major contracts with higher revenue.</p>


Awantec reports profit in 3Q as revenue jumps on new contracts

<p>The takeover bid by Yinson Holdings Bhd’s major shareholder for Icon Offshore Bhd was made at 63.5 sen per share, as wellas 0.1 sen per warrant.</p>


<p>Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Tuesday.</p>


KLCI rises 0.52% to close at 1,605.68 on May 7, 2024

<p>Plunging prices for solar panels that have slashed profits across the sector don’t have much room to fall any further, according to the chairmen of two of the industry’s biggest firms.</p>


China’s solar panel giants say prices are near the bottom

<p>Apple Inc unveiled a new artificial intelligence-focused iPad Pro and a larger iPad Air, aiming to reinvigorate a tablet lineup that has languished over the past two years.</p>


Apple revamps iPads with AI-focused Pro model, bigger Air

<p>AmBank Group said on Tuesday it has extended its financing facilities under the SME Portfolio Guarantee Scheme worth RM400 million as part of the ongoing collaboration between the banking group and the Credit Guarantee Corp Malaysia Bhd (CGC).</p>
