KUALA LUMPUR (July 31): The government's reported move of looking at setting limits on foreign car imports had a mild impact on counters linked to the automotive industry this morning.

As of writing, most of the companies linked to distribution of imported cars saw a decline in their sh...

Mild impact on auto stocks from planned car import curbs

KUALA LUMPUR: Chinese smartphone maker Xiaomi Corp earlier this month became the first dual-class stock listed in Hong Kong. This was facilitated by Hong Kong Exchanges and Clearing’s (HKEX) move to introduce new rules that allow for dual-class shares (DCS) under which the voting rights of the sh...

Don’t be caught in dual-class share hype

KUALA LUMPUR (July 27): Axiata Group Bhd will record a non-cash financial loss of RM1.5 billion to RM3 billion following the approval by the Department of Telecommunications (DoT) of India on the merger between India Cellular Ltd (Idea), Vodafone India Ltd (Vodafone India) and Vodafone Mobile Ser...

Axiata to incur non-cash financial loss of up to RM3b from Idea-Vodafone India merger

KUALA LUMPUR (July 27): The FBM KLCI climbed 2.91 points or 0.17% after last-minute buying of blue-chip counters like Petronas Gas Bhd and Hong Leong Bank Bhd helped the KLCI erase losses.  

At 5pm, the KLCI closed at 1,769.14 points. Bursa Malaysia top gainer Petronas Gas added 46...

FBM KLCI up on last-minute buying as US-China trade spat simmers

KUALA LUMPUR: Selangor maintained its position as the country’s top contributing state in 2017, making up 23% of gross domestic product (GDP), said Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail at the launch of two inaugural publications by the Department of Statistics Malaysia (DoSM)...

Selangor maintains position as top GDP contributor in 2017

KUALA LUMPUR: Chinese Foreign Minister Wang Yi will hold talks with Prime Minister Tun Dr Mahathir Mohamad on Tuesday, South China Morning Post (SCMP) reported yesterday.

This will be the first by a top Chinese leader since the 93-year-old premier returned to power for a second time aft...

Dr M to hold talks with Chinese foreign minister

CYBERJAYA (July 26): Selangor remained as the main economic driver for the country in 2017, with a contribution of about 23.0% of Malaysia’s gross domestic product (GDP), Deputy Prime Minister Datuk Seri Wan Azizah Dr Wan Ismail said today.

“In line with the global economic growth in 20...

Selangor stays as main economic driver for Malaysia

KUALA LUMPUR (July 25): Based on corporate announcements and news flow today, companies that may be in focus on Thursday (July 26) may include the following: Westports Holdings Bhd, Star Media Group Bhd, JAKS Resources Bhd, Cuscapi Bhd, Uzma Bhd, Marine & General Bhd, Vizione Holdings Bhd, D’...

Westports, Star Media, JAKS, Cuscapi, Uzma, Marine & General, Vizione, D’nonce Tech, CMMT, Gadang, M-Mode and Mega First

KUALA LUMPUR (July 25): M-Mode Bhd's founder Datuk Lim Thean Keong has stepped down as the group's managing director.

Lim resigned to devote more time to operation matters at subsidiary level, the group said in a filing with Bursa Malaysia.

M-Mode also said its new single larg...

M-Mode's MD steps down, new single largest shareholder named CEO

KUALA LUMPUR (July 25): Vizione Holdings Bhd posted another quarter of record earnings as net profit soared by 60.4 times to RM11 million in the fourth quarter ended May 31, 2018 (4QFY18) compared to RM183,000 a year ago, mainly due to construction works undertaken during the period by a newly ac...

Vizione sees record 4Q on construction works undertaken by new unit

Parti Bersatu Sabah (PBS) and Parti Solidariti Tanah Airku (STAR) on Thursday signed a memorandum of understanding (MOU) aimed at, among other things, further strengthening the Gabungan Rakyat Sabah (GRS) coalition.

Leading parties ink MOU to strengthen Gabungan Rakyat Sabah ahead of polls

High-impact projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and Special Financial Zone (SFZ) in Forest City can spur Johor’s economy to outpace that of other states in the next one to two years, said Prime Minister Datuk Seri Anwar Ibrahim.

Special economic, financial zones can help Johor surpass other states economically, says Anwar

Chinese technology giant Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series on Thursday that many analysts expect to contain an advanced China-made chip like its Mate 60 handset.

The Pura series developed by the Shenzhen-headquartered company has advanced cameras and is known for its sleek design, while the Mate series emphasises performance and business features.

Huawei starts sales of new Pura 70 smartphone to crowds amid chip scrutiny

(April 18): The world of chocolate is facing such immense cocoa shortages that the wild trading lured an unlikely player — Pierre Andurand, a hedge-fund manager best known for his bets on oil.

Why the world of chocolate is in crisis

Datuk Seri Dr Zambry Abdul Kadir, the Kuala Kubu Baharu by-election machinery coordination co-chairman for the unity coalition, said its candidate would be deemed to represent the unity government rather than any particular party per se.

Kuala Kubu Baharu by-election: Candidate to represent unity govt rather than any particular party, says Zambry

The number of Americans filing new claims for unemployment benefits was unchanged at a low level last week, pointing to continued labor market strength.

Labour market resilience, which is driving the economy, together with elevated inflation have led financial markets and some economists to expect that the Federal Reserve could delay cutting interest rates until September. A few economists doubt that the US central bank will lower borrowing costs this year.

US weekly jobless claims remain at low level

Healthcare digitalisation and financing reform remain the priorities of the Ministry of Health (MOH) aimed at strengthening and improving the healthcare system across the country.

Healthcare digitalisation, financing reform remain MOH's priorities, says Dzulkefly

Wall Street's main indexes eyed a higher open on Thursday as chip stocks rebounded, while investors awaited commentary from Federal Reserve officials to ascertain the outlook for interest-rate cuts.

Micron Technology rose 1.6% after a report that the memory-chip maker is set to get more than US$6 billion in grants from the US Commerce Department to help pay for domestic chip factory projects.

Wall St set for higher open as chip stocks bounce back after selloff

The life insurance industry recorded a double-digit growth of 11.6% in new business total premiums to RM13.4 billion last year, compared with RM12 billion in 2022.

New business total premiums up 11.6% in 2023, says Life Insurance Association of Malaysia

MANILA (April 18): Philippines President Ferdinand Marcos Jr and New Zealand Prime Minister Christopher Luxon agreed on Thursday to deepen defence cooperation and expressed serious concern over the South China Sea, where the Philippines and China have had maritime run-ins.

Philippines, New Zealand eye forces deal, share concern over South China Sea

The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).

Malaysia's aviation industry at risk amid full-blown crisis in Middle East — Maybank IB

Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.

Malaysia Airlines, AirAsia and Batik Air cancel flights to Sabah, Sarawak after volcano eruption in Indonesia

The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

Federal Court dismisses MBPJ’s appeal on residents' boom gate operation

Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.

Google fires workers protesting US$1.2b Israeli contract

The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.

Singapore loses ‘world’s best airport’ crown to Qatar

Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).

Stop buying gold ETF as prices may correct — Philip Capital

Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.

Sin-Kung Logistics launches ACE Market IPO to raise RM39.5 mil

Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.

Feytech inks underwriting agreement with TA Securities, AmInvestment en route to Main Market IPO  

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of HeiTech Padu Bhd, just one month after acquiring a 15.9% stake via a private vehicle in the company.

Amid controversy over govt contracts, Farhash ceases to be HeiTech Padu substantial shareholder after one month

Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.

Apple CEO to meet Singapore leader to wrap whirlwind Asia tour

Elon Musk said some of the severance packages sent to former Tesla Inc employees as part of its biggest-ever workforce reduction were too low.

Musk apologises for ‘incorrectly low’ Tesla severance packages

KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.

OB Holdings gets approval for ACE Market IPO, targets listing in 4Q

KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Smart Asia Chemical inks underwriting agreement with Mercury Securities en route to ACE Market IPO

Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income.

Analysts remain sanguine on IGB REIT’s prospects going forward

Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023).

This would equate to a payout of RM287.78 million, based on the bank’s share base of 8.22 billion shares as at end-December 2023, according to MBSB’s bourse filing on Thursday.

MBSB proposes 3.5 sen dividend for FY2023

Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.

Malaysia’s Axiata, Bharti Airtel of India to combine Sri Lankan ops

When Iraq fired dozens of Scud missiles on Israel in early 1991, the US implored then prime minister Yitzhak Shamir not to respond. Shamir said he had to act. After days of late-night calls, high-level visits and long Cabinet meetings, Israel stood down and the US led a 42-nation alliance that defeated Iraq in what became the Gulf War.

Israel caught between hitting Iran and heeding allies

Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;

Bursa mixed at midday break, key index up

Bursa Malaysia Bhd’s wholly-owned Bursa Carbon Exchange (BCX) will hold its inaugural auction of renewable energy certificates (RECs) on June 25 to support Malaysia’s energy transition plans and corporates’ net-zero aspirations.

Bursa to hold auction of maiden RE certificates on June 25

The Malaysian Bar argued in court that its challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's conditional discharge is not academic as it may determine the fate of the Yayasan Akalbudi graft case.

Billy Toh

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