Rubber glove manufacturer Supermax Corp Bhd has spent RM43.11 million in its most recent share buy-back exercise. In a bourse filing, the group said the 5.04 million shares were bought at a minimum price of RM8.30 and a maximum price of RM8.75. This brought to RM110.41 million the total the group has spent on undertaking share buy-backs in this month alone.

Supermax spent RM110m on share buy-backs this month

OSK Holdings Bhd has announced the launch of RM2 billion worth of Islamic Medium Term Notes (IMTN or Sukuk Murabahah) and Multi-Currency Medium Term Notes (MCMTN).  

The group said it would be using proceeds from the issuances for the refinancing of borrowings, capital expenditure, working capital, general corporate fees, as well as to defray costs associated with their issuances.

OSK sets up RM2 bil worth of debt programmes

After making news over its plan to enter the rubber glove industry, Inix Technologies Holdings Bhd has now proposed to venture into the durian industry.  
 
In a bourse filing, the group said it had signed a strategic partnership and supply agreement with Dura Manufacturing Sdn Bhd (Duria).

Inix ventures into durian business

MyNews Holdings Bhd saw its net loss for the third quarter ended July 31, 2020 widen quarter-on-quarter as a result of the Movement Control Order.

MyNews widens loss in 3Q on Covid-19 impact

UOA Development Bhd is selling UOA Corporate Tower in Bangsar South to 76.55%-owned UOA Real Estate Investment Trust for RM700 million.

UOA Development to sell corporate tower to UOA REIT for RM700m

Nationwide Express Holdings Bhd’s independent auditors have flagged its ability to continue as a going concern.

In a filing to Bursa Malaysia, the logistics player said Ernst & Young PLT (EY) has included a paragraph on material uncertainty related to going concern in the auditors' report for the financial statements for the year ended March 31, 2020 (FY20).

Nationwide Express’ auditors highlight going concern uncertainty

Tenaga Nasional Bhd has paid RM283 million cash to buy an additional 19% stake in Southern Power Generation Sdn Bhd from SIPP Energy Sdn Bhd, a company which is controlled by the Sultan of Johor.

TNB buys additional stake in power plant from SIPP Energy for RM283 million

Based on corporate announcements and news flow today, stocks that are likely to be in focus tomorrow (Tuesday) might be as follows: Kanger International Bhd, Hiap Teck Venture Bhd, Kim Loong Resources Bhd, Yinson Holdings Bhd, UOA Development Bhd, UOA REIT, Bintai Kinden Corp, VS Industry Bhd and LKL International Bhd.

Kanger, Hiap Teck, Kim Loong, Yinson, UOA Development, UOA REIT, Bintai Kinden, VS Industry and LKL International

LKL International Bhd's net profit for the first quarter ended July 31, 2020 rose to RM1.24 million, from RM124,000 a year earlier, on higher sales of medical and healthcare beds as well as peripheral medical accessories.

LKL International to buy dialysis player as quarterly profit jumps on higher sales

For the second quarter ended July 31, 2020 (2QFY21), Yinson Holdings Bhd’s net profit jumped 144%. The group’s earnings were lifted by greater contribution from the engineering, procurement, construction, installation and commission (EPCIC) segment.

Yinson 2Q net profit surges on EPCIC segment contribution

The Madani government will look into the hardship faced by the people in Sabah, especially in terms of socioeconomic poverty as well as improvements to infrastructure for the benefit of the people.

Madani govt committed to improving infrastucture in Sabah, says Anwar

Deputy Minister of Communications Teo Nie Ching cautioned the public on the latest tactics of scammers impersonating ministry officials.

Teo cautions public on scammers impersonating Communications Ministry officials

A huge blast at a military base in Iraq early on Saturday killed a member of an Iraqi security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time.

Iraq's Popular Mobilization Forces says base was attacked, army investigates

Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.

Kuala Kubu Baharu by-election: BN component parties have to assist unity govt candidate, says Mohamad Hasan

Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.

Positive economic achievements prove Sabah govt's commitment, says Hajiji

Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.

Scientex aims to build 50,000 affordable housing units by 2028

The Madani government is committed to eradicating hardcore poverty in Sabah despite knowing the situation is quite complicated to resolve, said Prime Minister Datuk Seri Anwar Ibrahim.

Madani govt committed to eradicating hardcore poverty in Sabah, says Anwar

S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

Selangor Sultan officiates launch of S P Setia’s LakePoint Complex at Setia AlamImpian

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.

Selangor Sultan conveys condolences to Tun Hanif Omar’s family

Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.

Kuala Kubu Baharu by-election: PN to hold supreme council meeting on Monday

Former inspector general of police Tun Mohammed Hanif Omar died at 2.15am on Saturday. He was 85.

Former IGP Tun Hanif Omar passes away

The long-awaited Energy Exchange Malaysia (Enegem) has finally been introduced, along with guidelines on cross-border electricity sales announced by the Ministry of Energy Transition and Water Transformation (Petra) last Monday for exports of green electricity from Malaysia to Singapore and Thailand.

Enegem: Malaysia edges closer to RE exports

A Philippine freight railway project may be built with the support of the US and Japan, an official in charge of it said, as Manila seeks alternative financing deals after dropping funding talks with China.

Philippines wants US, Japan to take over rail deal eyed by China

Digital Nasional Bhd (DNB), the operator of Malaysia’s 5G telecommunications assets, said the process in relation to the subscription of its shares by five mobile network operators (MNOs) in this country is ongoing.

DNB says process relating to subscription of its shares by five mobile network operators ongoing

Approved road transport logistics companies will obtain “fleet cards” from select fuel retailers to purchase subsidised fuel under the diesel subsidy rationalisation programme, the Ministry of Finance (MOF) said.

Approved logistics players to get diesel fleet cards amid subsidy rationalisation

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

Bitcoin ‘halving’ cuts supply of new tokens in threat to miners

Attention this week will be on the March inflation rate, with the Department of Statistics Malaysia (DOSM) slated to put out Consumer Price Index (CPI) — the key gauge for inflation — data on Thursday.

Inflation edged up by a higher-than-expected 1.8% i...

The Week Ahead: Eyes on March inflation, US 1Q GDP and tech earnings

The Sultan of Selangor, Sultan Sharafuddin Idris Shah, has extended condolences to the family of former inspector general of police Tun Mohammed Hanif Omar, who died early on Saturday morning.

Next week’s earnings reports from some of the market’s biggest technology and growth companies could prove an important test for the US stock rally, which has flagged as expectations for interest cuts fade.

'Crowded' megacap trade in US stocks awaits earnings test

S P Setia Bhd has officially launched the LakePoint Complex commercial hub at the 1,235-acre freehold township of SetiaAlam Impian in Shah Alam on Saturday. The ceremony was officiated by the Sultan of Selangor, Sultan Sharafuddin Idris Shah.

The ringgit is likely to trade in the same range of around 4.78 against the US dollar next week, as the situation in the Middle East will continue to be under scrutiny by investors, said an analyst.

Ringgit likely to trade around 4.78 versus greenback next week

Property developer Scientex Bhd aims to provide a total of 50,000 units of quality housing units at affordable prices nationwide by 2028.

Scientex project general manager (property division) Tang Song Teik said that so far, the company has handed over 35,062 affordable housing units, with about 70% of them sold at prices below RM300,000.

Elon Musk postponed a planned trip to India where he was to meet Prime Minister Narendra Modi, citing obligations at his Tesla automaker and saying he aimed to reschedule the visit for later this year.

Tesla's Elon Musk postpones India trip, aims to visit this year

Barisan Nasional (BN) component parties are required to help the candidate representing the unity government in the Kuala Kubu Baharu state by-election, said BN deputy chairman Datuk Seri Mohamad Hasan.

Shareholders of the International Monetary Fund (IMF) agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, IMF Managing Director Kristalina Georgieva said on Friday.

IMF concerned about debt, fiscal challenges facing low-income countries

Perikatan Nasional (PN) will hold a supreme council meeting on Monday (April 22) on the selection of candidate to contest in the Kuala Kubu Baharu state by-election on May 11.

Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's (Fed) latest survey of US central bank contacts, with geopolitical troubles and the 2024 US presidential election also mentioned as "a potentially significant source of shocks".

Fed survey cites inflation, US election as key financial stability risks

The World Bank on Friday said that 11 countries have pledged to contribute over US$11 billion (RM52.62 billion) to new hybrid capital and portfolio guarantee instruments designed to expand the bank's financing capacity by US$70 billion over a decade to tackle climate change, pandemics and other global challenges.

World Bank wins US$11b in pledges to boost lending for climate, global crises

PKR Information chief Fahmi Fadzil said no specific names were discussed regarding the leadership of the Sabah PKR State Leadership Council (MPN) at a special meeting with Prime Minister Datuk Seri Anwar Ibrahim on Saturday.

No specific names discussed for Sabah PKR State Leadership Council head, says Fahmi

Chief Minister Datuk Seri Hajiji Noor emphasised that the positive economic achievements over the past three years underscore the Sabah government's steadfast commitment to both the administration and development of the state.

Arjuna Chandran Shankar

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Arjuna Chandran Shankar

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