On Thursday, it said Grand Deal Vision had disposed of 500,000 shares or a 0.092% stake in KPower for 35 sen apiece on Jan 31, with the transaction also reducing the deemed interest of KPower executive chairman and group managing director Mustakim Mat Nun and non-independent non-executive director Sarah Azreen Abdul Samat.

In amended filings, KPower clarifies that Grand Deal Vision disposed of shares via DBT, not forced selling

KPower Bhd's second largest shareholder, Grand Deal Vision Sdn Bhd, has disposed of 500,000 shares or a 0.092% stake in the construction and engineering solutions group via forced selling.

KPower's second largest shareholder forced to sell 500,000 shares

BANK Negara Malaysia is shifting from a regulator-led model to a more market-driven development model and the upcoming Financial Sector Blueprint 2022-2026 (FSBP) will reflect this, says ­assistant governor Adnan Zaylani Mohamad Zahid.

“Market mechanisms will be strengthened. We are loo...

Special Report: Bank Negara: Market-driven development the way forward

Bursa Malaysia expects average daily trading value to continue normalising in 2022

Bursa Malaysia Bhd posted a 38% decline in its net profit for the fourth quarter ended Dec 31, 2021 (4QFY21) to RM65 million, from RM104.9 million a year earlier, amid lower contribution from its securities market segment.

Bursa Malaysia posts 38% net profit decline in 4Q, declares 17 sen dividend

The government's plan to outlaw the sale of cigarettes and tobacco products to those born after 2005 will also include vapes and e-cigarettes, according to a report by freemalaysiatoday.com.

Malaysia wants to also ban the sale of vapes to those born after 2005 — report

Sunway Real Estate Investment Trust (REIT)’s net property income for the three months ended Dec 31, 2021 (6QFY21) jumped 86.5% to RM123.1 million from RM66.01 million in the corresponding three months in 2020 (2QFY21), as revenue climbed on higher contributions from all segments and the recognition of unrealised unbilled lease income receivable.

Revenue rose 64.8% to RM157.8 million from RM95.77 million with realised income more than doubling to RM72.66 million from RM33.47 million.

Sunway REIT's NPI for Oct-Dec up 86.5% on-year to RM123.1 mil, declares 2.8 sen DPU

Axiata Group Bhd will be acquiring a 66.03% stake in Indonesia’s PT Link Net Tbk for a total cash consideration of 8.72 trillion rupiah (about RM2.55 billion).

Axiata to acquire 66% stake in Indonesia’s Link Net for RM2.5 bil

In a joint statement, the central banks said the pilot phase begins Thursday, paving the way for a full commercial launch in the third quarter of 2022.

Malaysia, Indonesia kick off pilot phase of cross-border QR payment linkage, full commercial launch in 3Q

Pharmaniaga Bhd chairman Datuk Seri Shazalli Ramly will be redesignated as non-independent director, with Datuk Seri Zainal Abidin Mohd Rafique to take the former’s place.

Pharmaniaga chairman Shazalli Ramly redesignated as non-independent director

Pavilion Real Estate Investment Trust rose to its highest in more than a month after the release of its first-quarter results, while analysts expect the REIT, which mainly manages shopping malls, to benefit further from higher tourist arrivals.

Pavilion REIT climbs over one-month high, analysts say earnings growth on track

The corporate exercise to merge the AirAsia airline businesses under AirAsia X Bhd (AAX) is apparently sufficient to offset all of the RM8.7 billion negative equity in Capital A Bhd, according to chief executive officer Tan Sri Tony Fernandes.

Merger of airlines alone enough to reverse all of Capital A's negative equity, says Fernandes

Malaysia’s producer price index (PPI), which measures price changes for goods at the producer level, increased by 1.6% year-on-year in March 2024, compared with 0.3% in February, said the Department of Statistics Malaysia.

Malaysia’s producer price index up 1.6% in March

The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative monetary policy stance at the conclusion of its two-day policy meeting, while Asian shares rose in the broader market.

Asia stocks rise, yen plumbs 34-year low as BOJ stands pat on rates

Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.

MACC officer says Najib given ample opportunity to elaborate while statements were recorded

Asia’s international financial hub Labuan International Business and Financial Centre (Labuan IBFC) sees moderate growth in the aviation leasing sector in 2024, due to higher oil prices.

Labuan IBFC sees moderate growth in aviation leasing sector due to higher oil prices

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

Mohan Swami, partner agree to buy 58% of Turiya for RM52.86m from MAA Group

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

Asia’s richest banker loses US$1.2 bil after RBI ban

The Malaysian Association of Asset Managers (MAAM) announced the election of its new committee members and principal officers for the 2024 to 2026 term.

Malaysian Association of Asset Managers announces leadership for 2024-2026 

At my Chinese New Year gatherings this year, some friends divulged that their calendar was filled with “appointments” to conceive “dragon babies” before the “deadline”.

It’s fascinating how many in modern society still adopt feng shui as a guide in important decisions in life, despite t...

My Say: Feng shui, confirmation bias and polarisation

Berjaya Corp&nbsp;Bhd (BCorp) has denied that its founder Tan Sri&nbsp;Vincent Tan Chee Yioun participated in talks to revive a US$100 billion (RM477.60 billion)&nbsp;Forest City casino resort as reported recently.

Berjaya Corp denies participation in talks to revive Forest City casino resort

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds four entities to Investor Alert List, two being potential clones

Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.

Maxis could lead second 5G network roll-out with new consortium partner, says RHB Research

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

ViTrox shares on pace for worst day in 18 months as 1Q disappoints

Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.

YTL Corp eyeing to extend upside movement, says RHB Retail Research 

Analysts are positive that Capital A Bhd's proposed restructuring plan to streamline its aviation segments will help it exit the Practice Note 17 (PN17) status and enhance its competitive stance against established full-service carriers.

Analysts positive on Capital A's restructuring plan to get it out of PN17

Doctor-turned-businessman Tan Sri Mohan MK Swami and his partner Datuk Seri Dr Shamir Kumar Nandy agreed on Friday to acquire a 58% stake in property management company Turiya Bhd for RM52.86 million from MAA Group Bhd.

RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

VS Industry poised to continue bullish trajectory, says RHB Retail Research 

More to come
...

Govt to announce second 5G network next week, coverage now at 80.3%, says Fahmi

The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

Tesla fires back at investor who doesn’t want pay fight in Texas

The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack technology and features once considered premium into electric vehicles (EVs) as cheap as US$20,000 (RM95,525) — less than half the cost of an average new car in the US, now more than US$48,000.

Battle for 'tech luxury' in China as EVs get smarter — and cheaper

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.

Record US$8.8 bil pulled from US sustainable funds in 1Q

Uday Kotak built his Kotak Mahindra Bank Ltd over decades to become Asia’s richest banker. After India’s regulator slapped his firm with a surprise ban, he’s facing one of his biggest tests yet — and a dip in wealth.

Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.

Trump advisers discuss penalties for nations that move away from the dollar

The Inland Revenue Board (IRB) has extended the deadline for non-business taxpayers to submit their tax return form for the year of assessment 2023 via e-Filing from April 30 to May 15.

e-Filing: Tax return form submission deadline extended to May 15 for non-business taxpayers

The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has signed a memorandum of understanding (MOU) with Beijing Zhongguancun Science City Innovation Development Co Ltd to collaborate on several strategic initiatives aimed at fostering significant advancements in technology and innovation.

MRANTI inks deal with Beijing Zhongguancun Science City to explore strategic collaboration areas

Anyone called in by the Malaysian Anti-Corruption Commission (MACC), either as a witness or subject of investigation, is given ample opportunity to provide additional, detailed information as they please, and this includes imprisoned former prime minister Datuk Seri Najib Razak.

Ahmad Naqib Idris

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