Mr DIY Group (M) Bhd was the most actively traded counter on Bursa Malaysia today, with share price rising by as much as 12.5%.

Mr DIY tops the active list on debut day; share price up 9.34%

Low liners across Bursa Malaysia saw greater selling pressure on bearish technical momentum. 

As of 10.56am today, the FBM ACE Index was the biggest loser among the 29 indices on the local bourse. It was down by 3.15% or 334.29 points at 10,272.48.

Low liners on Bursa see greater selling pressure

RHB Bank Bhd saw one of its employees working on Level 13 of Menara Capital Square test positive for Covid-19 today.

RHB employee at Menara Capital Square tests positive for Covid-19

AirAsia Group Bhd said it has secured a RM300 million loan from Sabah Development Bank Bhd to fund specific development projects in the state.

AirAsia secures RM300m loan to fund development projects in Sabah

Vsolar Group Bhd has entered into a deal to instal rooftop solar panels at a plant belonging to AT Systematization Bhd's glove manufacturing subsidiary in Perak.

Vsolar to develop rooftop solar power system at AT Sytematization's glove plant

Malaysia Airports Holdings Bhd (MAHB) is filing an application to intervene in AirAsia X Bhd (AAX)’s debt restructuring scheme. The airport operator wants to be excluded from the scheme, which entails a more than 90% haircut imposed on creditors.

MAHB files to be excluded from AirAsia X’s debt restructuring scheme

AirAsia X Bhd (AAX) has acknowledged that it is being sued by Malaysia Airports Holdings Bhd (MAHB) for an outstanding amount of RM78.16 million that the airport operator claims the long-haul budget airline has owed it.

AirAsia X confirms MAHB suit for RM78m aeronautical charges

Key Alliance Group Bhd is teaming up with a clinical diagnostics laboratory firm to offer onsite testing services for Covid-19. 

In a bourse filing, the group said its wholly-owned subsidiary Key Alliance Sdn Bhd has signed an agreement with Dunia Wellness Laboratories Sdn Bhd to provide the onsite testing services on demand within Peninsular Malaysia.

Key Alliance teams up with diagnostics lab to offer onsite Covid-19 testing

Share prices have reversed their upward trend seen earlier on Bursa Malaysia today as speculation has run rife that a national health emergency, which could include the suspension of Parliament, may be declared.

The FBM KLCI, which posted gains at the end of the morning trading session, fell into the negative zone in the afternoon trading session. The benchmark index dropped by 4.16 points or 0.3% to close at 1,494.64.

Sentiment turns cautious on Bursa as speculation about national health emergency mounts

The Malaysian Estate Owners Association is appealing to the Sabah government to review the standard operating procedures put in place for the palm oil industry, as they are likely to adversely impact the state's production of the vegetable oil.

MEOA appeals to Sabah to review new SOPs for palm oil ops

When the group of mining executives arrived at Panama’s regal Palacio de las Garzas, they were ushered past the ornate, wood-panelledd ceremonial rooms and straight to the private office of the president.

How a US$10b mine became a cautionary tale for the energy transition

KUALA LUMPUR (April 16): Bursa Malaysia Bhd is collaborating with the UK government’s Mobilising Institutional Capital Through Listed Product Structures (Mobilist) programme to help address the funding gap needed in Malaysia to achieve the United Nations’ (UN) Sustainable Development Goals (SDGs) by 2030.

Bursa Malaysia works with UK's Mobilist programme to address funding gap and achieve UN SDGs

The ringgit continued its downtrend on Tuesday to end lower against the greenback, due to continued positive sentiment for the US dollar, which was bolstered by strong US retail sales data in March, amid concerns over tension in the Middle East, said an analyst.

Ringgit easier against US dollar at closing

Crude palm oil (CPO) prices, which surged in March 2024 to hit a peak of RM4,327 a tonne, are expected to move within a stable range of RM4,000 to RM4,200 a tonne this month, according to the Malaysian Palm Oil Council (MPOC).

MPOC expects CPO to trade at RM4,000-RM4,200 a tonne in April

The suspect who opened fire at the Kuala Lumpur International Airport (KLIA) Terminal 1 Arrival Hall on early Sunday morning, before being arrested in Kota Bharu on Monday, is believed to have been trying to escape to a neighbouring country.

KLIA shooting case suspect attempted to flee country, say police

A fire ripped through Copenhagen's Old Stock Exchange, one of the Danish capital's best-known buildings, on Tuesday, engulfing its spire which collapsed in a scene reminiscent of the 2019 blaze at Paris' Notre-Dame.

Spire collapses as fire engulfs Copenhagen's historic stock exchange

Outsourced semiconductor assembly and testing (OSAT) player Globetronics Technology Bhd is in the final stages of discussion with two prospective clients interested in leveraging advanced packaging technology.

Globetronics in final talks with two potential customers for advanced packaging

KOTA KINABALU (April 16): Qhazanah Sabah Bhd (QSB) welcomes any company from abroad that wants to work together to invest in Sabah, said its chairman Datuk Yusof Yacob.

Qhazanah Sabah ready to collaborate with foreign companies on investing in Sabah

Singapore Prime Minister Lee Hsien Loong will stay on as a senior minister after he steps down, the Straits Times reported, citing incoming premier Lawrence Wong.

Singapore PM Lee to stay on as senior minister, Straits Times reports

Bursa Malaysia ended lower for the second consecutive day on Tuesday, tracking the weak global sentiment due to the Middle East conflict, said an analyst.

Bursa closes lower, tracking weak global sentiment

The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to Forbes Asia.

Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive

E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;

MyEG, HeiTech Padu form partnership to collaborate on IT projects

CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.

CIMB says CEO Abdul Rahman Ahmad stepping down on June 30

Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.

Loke: Higher contract value awarded to HeiTech Padu due to longer extended duration

The automotive industry is not exactly the place one would want to be in the next few years.

Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.

Loke says MMC Port free to sell stake to foreign firms, but govt has to be notified of shareholding changes

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.

Carlo Rino files draft prospectus for listing transfer to ACE Market

Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.

What observers are saying as Singapore’s Lee paves way for next PM Wong

Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.

Muhyiddin seeks five-judge bench to hear criminal charges review

China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.

Iran able to 'handle situation' and spare Middle East more tension, China's foreign minister says

Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;

Bursa ends morning session lower along with regional peers

KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.

KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage.

EU goes on China trade offensive after getting ‘played’ 

RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.

Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

EP Manufacturing Bhd's (EPMB) shares climbed on Tuesday and marked their best day in 10 months after the Shah-Alam based auto parts maker signed an assembly deal with a Chinese carmaker.

EP Manufacturing shares chart best day in 10 months after assembly deal

RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.

Notion VTec aiming to extend upside movement — RHB Retail Research 

Gold is set to reach US$3,000 (RM14,381.71) an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc said, adding to a roll call of Wall Street banks that have raised forecasts.

Arjuna Chandran Shankar

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Arjuna Chandran Shankar

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