Fraser & Neave Holdings Bhd (F&N) posted an 18.35% drop in its third quarter net profit (3QFY20) to RM93.85 million from RM114.94 million last year on lower sales as the Covid-19 pandemic and Movement Control Order (MCO) seriously affected consumer demand.

F&N reports drop in 3Q net profit on pandemic-induced fall in sales

Dufu Technology Corp Bhd's second quarter net profit slipped a marginal 5.32% to RM9.81 million from RM10.37 million a year, despite a jump in revenue, no thanks to unrealised forex losses and employee share option expenses, besides higher overhead costs.

Dufu Technology reports marginally lower 2Q, declares 1.25 sen dividend

Sales of Proton Holdings Bhd vehicles surged to an eight-year high for the month of July on the back of tax incentives offered by the government and rising consumer demand for automobiles.

Tax breaks push Proton car sales to eight-year high in July

High precision metal components manufacturer Wong Engineering Corp Bhd was served an unusual market activity (UMA) query today by Bursa Securities on the sharp rise in its shares' price and trading volume recently.

Wong Engineering slapped with UMA query over sharp rise in share price, volume

IHH Healthcare Bhd’s largest shareholder Mitsui and Co Ltd said IHH will continue to execute the turnaround plan for India-based Fortis Healthcare Ltd and that IHH hopes to deliver a significant quantitative and qualitative improvement in the provision of healthcare services in the South Asian country.

IHH’s largest shareholder says company will continue to execute Fortis turnaround plan

Notion VTec Bhd drew investor attention after announcing last Thursday that its healthcare arm Notion Venture Sdn Bhd (NVSB) has been registered with the US Food & Drug Administration (FDA) as a face mask manufacturer.

Notion VTec garners investor interest after registration with US FDA as face mask manufacturer

Two technology firms that have recently ventured into the personal protective equipment (PPE) space, MQ Technology Bhd (MQTech) and K-One Technology Bhd (K1), saw their share prices skyrocket today, with ballooning trading volumes as investors cast their attention on PPE manufacturers.

MQ Technology, K-One surge as investors look to PPE manufacturers

Medical equipment manufacturer LKL International Bhd soared to a record high today as personal protective equipment (PPE)-linked counters continued to attract investor interest.

LKL International surges to all-time high as investors flock to PPE-linked counters

Naza Group’s property arm Naza TTDI Sdn Bhd has appointed former Sunway Integrated Properties Sdn Bhd senior executive director Daniel Lim Hin Soon (pic) as its new chief executive officer (CEO).

Naza TTDI appoints ex-Sunway Integrated Properties senior executive director Daniel Lim as CEO

Securities Commission Malaysia chairman Datuk Syed Zaid Albar said today the regulator has instructed bourse operator Bursa Malaysia to conduct a thorough systems review to ensure integrity and reliability, following two technical glitches within seven months.

SC orders systems review after Bursa glitch to ensure integrity, reliability

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

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

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

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

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

Efforts to reform the Bretton Woods institutions – the International Monetary Fund and the World Bank – are progressing, albeit slowly. In December, the IMF Board of Governors approved a 50% increase in member quotas, which will reduce its reliance on borrowed resources, and the World Bank has re...

The Frontiers Of Growth : How to Govern the Bretton Woods Institutions Better

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

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

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.

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

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.

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.

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.

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

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

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.

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