Malaysia’s daily number of new Covid-19 cases rose to 19,991 today from 17,236 yesterday as the nation saw more infected individuals in places including Selangor, Kuala Lumpur and Johor. The daily number of pandemic-linked deaths, however, fell to 201, while a rare occurrence of zero imported infections was registered today.

Malaysia’s new Covid-19 cases up at 19,991 with rare zero imported infections on Aug 10; daily deaths fall to 201

Sapura Energy Bhd’s subsidiary Sapura Drilling is said to have awarded an offshore oil and gas (O&G) well construction contract to US-listed Halliburton Company under a deal that involves the planned building of six O&G wells in collaboration with Sapura Drilling and Petronas Carigali Sdn Bhd.

Sapura Energy unit said to have awarded offshore oil and gas well construction contract to Halliburton

Muar Ban Lee Group Bhd (MBL) has emerged as the largest shareholder of property developer Symphony Life Bhd, with a combined direct and indirect stake of 17.918%, after palm kernel expeller maker MBL’s wholly-owned subsidiary Theron Holdings Sdn Bhd acquired 67 million Symphony Life shares from the latter’s former major shareholder Gajahrimau Capital Sdn Bhd.

Muar Ban Lee is now Symphony Life’s largest shareholder

Foreign ownership of Malaysian equities dropped to an all-time low of 20.2% of total market capitalisation as at end-July 2021 from 20.3% as at end-June 2021 as the country’s combined foreign portfolio outflow, which involves equities and bonds, tripled to about RM5 billion from around RM1.7 billion amid factors including Covid-19 uncertainties and US quantitative easing (QE) tapering anticipation, according to UOB Global Economics & Markets Research's note today.

Malaysian equities’ foreign ownership drops to all-time low as portfolio outflow triples — UOB

Genting Malaysia Bhd’s (GenM) indirect wholly-owned subsidiary Genting UK plc’s Edinburgh Fountain Park casino in Scotland was robbed by a knife-wielding man who threatened staff before stealing “Fountainpark"-stamped chips besides a five-figure sum of cash at around 1am yesterday (Monday, Aug 9, UK time), Edinburgh Evening News reported, quoting the police.

Genting UK casino robbed of five-figure sum of money, casino chips by knife-wielding man

Petroliam Nasional Bhd (Petronas) is said to have awarded a conceptual engineering design contract to UK-based energy consultancy Xodus to undertake Petronas’ first complete carbon capture and storage (CCS) project that aims to capture and process carbon dioxide from sour gas fields.

Petronas said to have awarded first carbon dioxide capture, processing contract in zero emission push

Malaysian Pacific Industries Bhd’s (MPI) market capitalisation topped RM9 billion for the first time as the semiconductor manufacturer’s share price rose about 3% to a record high in Bursa Malaysia morning trade today.

MPI market cap tops RM9b for first time as share price rises to record high

Top Glove Corp Bhd and Supermax Corp Bhd's share prices rose in Bursa Malaysia morning trade today, while Hartalega Holdings Bhd fell as investors weighed the impact of the Covid-19 Delta variant’s aggressive spread on demand for gloves as personal protective equipment to fight against the pandemic.

Top Glove, Supermax up as Covid-19 Delta variant dictates sentiment

Malaysia's daily number of administered Covid-19 vaccine doses fell to 406,763 yesterday (July 16) from the record high of 460,158 on Thursday (July 15), according to the latest updates on Twitter today by the country's Special Committee for Ensuring Access to Covid-19 Vaccine Supply, citing data from the Covid-19 Immunisation Task Force.

Malaysia's administered Covid-19 vaccine doses fall to 406,763 on July 16 from record high

Bursa Malaysia Bhd is soliciting bids from service providers to help the bourse operator and regulator establish a new Bursa Trade Derivatives trading system which will facilitate equity, financial and commodity derivative trades under a single platform.

Bursa plans new single platform for derivative, off-market trades

Prime Minister Datuk Seri Anwar Ibrahim said on Friday he does not want to be dragged into discussions over the purported addendum order on house arrest involving former premier Datuk Seri Najib Tun Razak.

Anwar said this was because the matter falls under the jurisdiction of the Federal Territories Pardons Board and also involves the Yang di-Pertuan Agong and the Malay Rulers.

Addendum order issue under Pardons Board's purview, says Anwar

SINGAPORE (April 19): CGS-CIMB Securities has officially rebranded as CGS International Securities (CGS International), as the integrated financial services provider launched its new identity in Singapore on Thursday (April 18).

CGS-CIMB Securities rebrands as CGS International, aims to double revenue to S$700 mil by 2030

KUALA LUMPUR (April 19): Shares of Sapura Energy Bhd have been suspended from trading, pending a material announcement, the company said on Friday.

Trading in Sapura Energy suspended pending announcement

KUALA LUMPUR (April 19): Silver Ridge Holdings Bhd said its wholly owned unit is being sued by a subcontractor over alleged outstanding contract payments.

Silver Ridge’s unit slapped with suit over alleged unpaid contract sums

A weekly round-up of tanker and dry bulk market (April 19, 2024)

Baltic Exchange shipping updates: April 19, 2024

Malaysia’s economic growth will likely pick up pace in the quarters ahead, economists say, though some are cautioning that global uncertainties raise the risk of undershooting the official target for 2024.

This follows the Department of Statistics Malaysia's advanced gross domestic product (GDP) estimate of 3.9% for the first quarter of 2024 (1Q2024).

Malaysia's economy will pick up pace but global uncertainties remain key risks — economists

DUBAI/JERUSALEM (April 19): Explosions echoed over an Iranian city on Friday in what sources described as an Israeli attack, but Tehran played down the incident and indicated that it had no plans for retaliation — a response that appeared gauged towards averting region-wide war.

Tehran signals no retaliation against Israel after drones attack Iran

In today’s edition of Evening 5: 0:06 Escalating Middle East unrest, hawkish US Fed shake regional markets 2:32 Malaysia's economy grew 3.9% in 1Q2024, advance estimate shows4:02 Axiata merger with Bharti Airtel raises earnings concern — analysts5:51 Awantec shares plunge as much as 53%, intraday short selling suspended7:33 Main-Market bound MKH Oil Palm’s IPO oversubscribed by 8.43 times

EVENING 5: Bursa ends mixed amid weak regional sentiment

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

KUALA LUMPUR (April 19): Construction company Lim Seong Hai Capital Bhd (LSH Capital) said it has obtained approval from its shareholders to transfer the group’s listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Bhd.

Lim Seong Hai Capital gets shareholder nod for transfer of listing to ACE Market

KUALA LUMPUR (April 19): Shares of Sapura Energy Bhd have been suspended from trading, pending a material announcement, the company said on Friday.

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week. 

Most read this week

RHB Investment Bank Bhd (RHB IB) on Friday upgraded Public Bank Bhd to “buy” from “neutral”, with a higher target price (TP) of RM4.80 (from RM4.70).

RHB upgrades Public Bank to ‘buy’, raises target price to RM4.80

Malaysia's economy grew by 3.9% in the first quarter of 2024 (1Q2024), as compared to 3.0% in the previous quarter, according to Department of Statistics Malaysia (DOSM) advance gross domestic product (GDP) estimates.

Malaysia's economy grew 3.9% in 1Q2024, advance estimate shows

MKH Oil Palm (East Kalimantan) Bhd’s initial public offering (IPO) has been oversubscribed by 8.43 times, ahead of its listing on the Bursa Malaysia Main Market on April 30.&nbsp;

Main Market-bound MKH Oil Palm’s IPO oversubscribed by 8.43 times

The Malaysian rubber glove industry has demonstrated resilience and adaptability amidst challenging global dynamics, with optimism for a rebound in 2024, with an anticipated surge to approximately 450 billion pieces by 2027 despite a downturn in 2023, according to the Malaysian Rubber Glove Manufacturers Association (Margma).

Margma optimistic of rebound in 2024, expects surge to 450 billion pieces by 2027

The planned merger of Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, with India’s Bharti Airtel Ltd raises concerns as the latter's subsidiary Airtel Lanka is currently a loss-making company, analysts said.

Malaysia’s Axiata merger with Bharti Airtel of India raises earnings concern — analysts

The escalating tensions in the Middle East have influenced market sentiment and shifted investors' emphasis to the energy, finance and plantation sectors, which helped boost the FBM KLCI higher by midday on Friday.

KLCI up 0.43% with focus on energy, plantation, financial stocks

Malaysia’s exports contracted at a slower than expected pace in March mainly due to lower foreign demand for electronics while shipments to China fell, official data Friday showed.

Malaysia’s March exports down 0.8%, imports surge 12.5%

Financial services provider MIDF has reported a recent cyber security incident to relevant authorities and is collaborating closely with them on addressing the matter.

In a brief statement issued on Friday, MIDF affirmed that it takes the cyber security incident seriously and reiterated its commitment to safeguarding the privacy and security of customers' information.

MIDF confirms cyber security incident

Sime Darby Property Bhd, Malaysia’s biggest developer in terms of landbank, has secured commitment for the remaining 30% of its industrial development fund to close at RM1 billion.

Sime Darby Property gets commitment for balance 30% of RM1b industrial development fund

Kenanga Investment Bank has initiated coverage on soon-to-be listed oil and gas services firm Keyfield International Bhd at RM1.90 — reflecting a 111% premium over its IPO price of 90 sen per share — while giving it an “outperform” rating.

Kenanga sees Main-Market bound Keyfield International cashing in on OSV boom, sets target price at RM1.90

Automotive electronic parts manufacturer MCE Holdings Bhd has commenced the construction for its MCE Auto Hub, the company’s new manufacturing facility in Serendah, Selangor, with an initial investment of RM50 million for the first phase of the development.&nbsp;

MCE Holdings commences construction for RM50 mil manufacturing facility in Serendah 

PUTRAJAYA (April 19): Payment of fees&nbsp;for training or classes in esports, equestrian, swimming, motorsports and taekwondo is&nbsp;eligible for&nbsp;tax relief of up to RM1,000 from next year, said Youth and Sports Minister Hannah Yeoh.

Payment of fees for sports training eligible for tax relief from next year — Hannah

KUALA LUMPUR (April 19): Oil-and-gas services firm Yinson Holdings Bhd said on Friday that its indirect wholly owned subsidiary Yinson Production Offshore Pte Ltd (Yinson Production) has successfully placed a US$500 million five-year senior secured bond issue.

Yinson’s unit places US$500 mil five-year senior secured bonds

Melaka State Secretary Datuk Zaidi Johari died of a heart attack this morning. He was 54.

According to a statement from the Melaka Chief Minister’s Office, Zaidi breathed his last at about 8.15am at Hospital Melaka here.

Melaka State Secretary Zaidi dies of heart attack

Batik Air will suspend its operations to Istanbul, Turkiye, effective May 1, 2024, and affected passengers will be notified via email and text, said the airline operator, Malindo Airways Sdn Bhd.

Batik Air to suspend operations to Istanbul from May 1

KUALA LUMPUR (April 19): Meta Bright Group Bhd is forming a joint venture company (JVco) with a Bumiputera firm to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright forms JVco with Bumiputera firm for RE projects

EG Industries Bhd has secured a second letter of intent (LOI) from US-based Cambridge Industries Group (CIG) to produce a new 1.6 terabit optical signal transmitter and receiver for a 5G wireless network at EG Industries’ new smart factory 4.0 in Penang.

EG Industries expands partnership with US-based Cambridge Industries Group

KUALA LUMPUR (April 19): theedgemarkets.com highlighted five stocks with momentum at Bursa Malaysia's afternoon close today. Four stocks displayed negative momentum while one stock displayed positive momentum

<h3>Stocks with negative momentum were:</h3>

<ul>
	<li>Kimlun Corp Bhd - unch...

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