Malaysia Airlines Bhd is offering passengers whose travel plans are affected by the reenforcement of Malaysia's Covid-19-driven Movement Control Order (MCO) and interstate travel ban the flexibility to rebook their airline tickets with a one-time fare difference and service-fee waiver.

MCO: Malaysia Airlines offers ticket-change flexibility

Gas Malaysia Bhd has set the average natural gas selling price for the distribution segment of its unit Gas Malaysia Energy and Services Sdn Bhd at RM22.14 per million British thermal units (MMBtu) for the first quarter 2021 (1Q21), which is RM11.51/mmBtu or 34.21% lower than the 2020 average natural gas selling price.

Gas Malaysia lowers average natural gas selling price to RM22.14/MMBtu for 1Q21

RHB Investment Bank Research today has maintained its target price for Bursa Malaysia Bhd at RM9.70 as the namesake local bourse it operates and regulates continued to see robust trading activities, both in terms of securities average daily value (SADV) and derivatives average daily volume (DADV), for the fourth quarter of 2020 (4Q20).

RHB Research maintains target price for Bursa Malaysia on robust 4Q20 trading activities

Affin Hwang Capital Research has maintained its “buy” rating for Jaya Tiasa Holdings Bhd with an unchanged target price (TP) of RM1.32, and said the company’s valuation is attractive based on 9.6 times earnings per share (EPS) estimated for the financial year ending June 30, 2021 (FY21).

Jaya Tiasa valuation attractive, says Affin Hwang Capital

RHB Investment Bank Research today upped its target price for Inari Amertron Bhd to RM3.28 from RM2.87 as the former expects robust demand to continue for the latter into the first half of 2021 on the increase in components for the latest range of 5G smartphones and strong sales which prompted a major phone maker to increase production.

RHB Research ups Inari Amertron's target price to RM3.28

The KLCI rose 4.1% month-on-month (m-o-m) in December on optimism over a strong economic recovery in 2021 with news of vaccine availability overcoming the increase in new Covid-19 cases, said CGS-CIMB Research.

KLCI up 4.1% m-o-m in December despite rising Covid-19 cases, says CGS-CIMB

Bank Negara Malaysia (BNM) assistant governor Fraziali Ismail has warned against "unethical advice" encouraging members of the Employees Provident Fund who are not in financial distress to withdraw from their Account 1 to invest in investment assets that carry much higher risks, after the enhanced i-Sinar facility was announced by the fund.

BNM assistant governor warns of ‘unethical advice’ to punt EPF Account 1 withdrawals on riskier investments

Bank Negara Malaysia (BNM) has advised the public to exchange their defaced currency notes, tampered coins and demonetised currencies at any financial institutions.

BNM advises public to exchange defaced ringgit notes at any banks

Analysts today cut their earnings and earnings per share (EPS) forecasts for MyNews Holdings Bhd after MyNews’ latest results for the financial year ended Oct 31, 2020 (FY20) where it fell into a net loss of RM9.2 million from a net profit of RM27.6 million a year earlier.

Analysts cut MyNews earnings, EPS forecasts as it slips into the red in FY20

Panasonic Manufacturing Malaysia Bhd announced today that 116 employees at both of its manufacturing facilities in Shah Alam had tested positive for Covid-19 in a recent screening.

Panasonic confirms 116 employees tested positive for Covid-19 in Shah Alam facilities

US oil and gas deals hit a record US$51 billion (RM243.6 billion) in the first quarter, a continuation of last year's fierce merger pace centered in the top US shale field, data provider Enverus said on Tuesday.

US oil and gas M&A hits quarterly record after blockbuster 2023

KOTA KINABALU (April 23): The Sabah government has not imposed state sales tax and the Royal Malaysian Customs Department has also not levied export duties on gold taken out of Sabah to Peninsular Malaysia, the Sabah State Legislative Assembly was told on Tuesday.

No sales tax, export duties on gold taken out of Sabah to peninsula

Office furniture maker AHB Holdings Bhd’s foray into the electric vehicles (EV) business has encountered a setback as its planned acquisition of a 51% stake in automotive distributor CAF Motor Sdn Bhd was mutually terminated.

AHB's proposed acquisition of EV automotive distributor scrapped

KOTA KINABALU (April 23): A total compensation of RM651 million has been paid to 1,591 landowners and stakeholders involved in the construction of the Pan Borneo Highway project in Sabah.

RM651 mil compensation paid to landowners involved in Sabah’s Pan Borneo Highway

While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates.

PavREIT says Pavilion KL, Elite's footfalls unaffected by opening of TRX mall

LOS ANGELES/BENGALURU (April 23): United Parcel Service (UPS) reported better-than-expected quarterly profit on Tuesday, as cost cuts offset still-soft demand for package delivery.

UPS profit tops expectations as cost-cuts deliver margin

Adobe said on Tuesday it plans to place a tool for full artificial intelligence (AI) image generation in its Photoshop software later this year.

Adobe's image and video editing tools are widely used by creative professionals, but it faces rising competition from start-ups such as Microsoft-backed OpenAI, Midjourney and Stability AI, all of which offer services that can generate images from text prompts.

Adobe to bring full AI image generation to Photoshop this year

KUALA LUMPUR (April 23): DXN Holdings Bhd posted a 43.23% rise in net profit to RM79.02 million for its fourth quarter ended Feb 29, 2024 (4QFY2024), from RM55.17 million a year ago, on the back of higher revenue.

Earnings per share rose to 1.59 sen from 1.14 sen, according to the healt...

DXN’s 4Q net profit up 43%, seeks to expand market presence in Brazil

The Malaysian Oil, Gas & Energy Services Council (MOGSC) has called on oil and gas (O&G) stakeholders, especially financial institutions, not to write off O&G services and equipment (OGSE) players in the energy transition agenda, as they still have a role to play.

Don't forget O&G services and equipment players in energy transition agenda, says industry association

India’s capital market regulator has asked a clutch of global funds to defend themselves against allegations of improper disclosures and market manipulation relating to trading of Adani Group stocks, according to people familiar with the matter.

Indian watchdog said to have queried global funds over manipulation of Adani stocks

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 23)

Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.

Two helicopters crash in Lumut, 10 confirmed killed — RMN

Healthcare stocks still have legs to run following a recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.

KPJ, IHH extend rally as analysts bet on upside

Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.

Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.

Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.

Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

ATX Semiconductor Group, a globally renowned semiconductor provider from China, intends to ramp up investment to US$200 million (RM952 million) for its new manufacturing plant in Melaka over the next five years for its second-phase business expansion.

ATX Semiconductor to boost investment in Melaka to RM952m

Moomoo Malaysia, an online trading platform, garnered 100,000 clients within six weeks of its launch, making it one of the most downloaded financial mobile applications in Malaysia.&nbsp;

Moomoo Malaysia surpassed 100,000 clients within six weeks of its debut in Malaysia

Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.

Ex-Umno leader ready to apologise in contempt of court case

Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.

Swatch says advocating compassion for LGBTQ is not a crime, seizure illegal

KUALA LUMPUR (April 23): Malaysia has emerged as the most significant country within Asean for businesses to venture into, as shown by the UOB Business Outlook Study 2024 (SMEs &amp; Large Enterprises).

Malaysia emerges as prime destination for Asean biz expansion — UOB study

Cypark Resources Bhd said on Tuesday that its 100MW Large Scale Solar 3 (LSS3) hybrid solar plant project in Merchang, Terengganu, will transition to full commercial operations by next month.

In a statement, the group said the plant consists of 83MWac (megawatt, alternating current) ground-mounted solar photovoltaics and 32MWac floating solar photovoltaics.

Cypark's LSS3 solar plant in Terengganu set for commercial operations next month

CONSTRUCTION firm GDB Holdings Bhd — which has been embroiled in disputes with KSK Group in the last two years over the development of the 8 Conlay project in Kuala Lumpur — appears to be back on investors’ radar, judging by the recent upward trend in its share price.

According to marke...

GDB Holdings a front runner for several jobs

<h3>MyEG Services Bhd</h3>

Target price: RM1.15 ADD

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Brokers Digest: Local Equities: MyEG Services Bhd, Mah Sing Group Bhd, Tan Chong Motor Holdings Bhd, Gamuda Bhd 

KUALA LUMPUR (April 23): Former Sapura Energy Bhd chief executive officer Tan Sri Shahril Shamsudin has settled his defamation lawsuit against Economics Minister Rafizi Ramli out of court.

Ex-Sapura Energy CEO Shahril settles defamation suit against Rafizi

Bursa Malaysia continued its upbeat momentum to end higher for the fifth consecutive day on Tuesday, thanks to buying from local and foreign institutions, said an analyst.&nbsp;

Bursa ends higher on buying support from local and foreign institutions

PETALING JAYA (April 23): Tropicana Corp Bhd is partnering with Maybank Islamic Bhd to provide a home financing solution called Maybank Islamic’s HouzKEY.&nbsp;

Tropicana partners Maybank Islamic to offer HouzKEY home financing solution

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;

However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told The Edge on Tuesday.

Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.

China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

High crude oil prices&nbsp;caused by&nbsp;tension in the Middle East&nbsp;will help to boost Malaysia's oil and gas exports. However, escalated fuel&nbsp;prices will dampen the country’s economic growth, according to the Socio-Economic Research Centre (SERC).

Anis Hazim Sharudin

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