THE ringgit’s relative strength (or weakness) is among dominant topics this year, with the local currency weakening past the 3.50-mark against the Singapore dollar and threatening to breach the 4.80-mark against the US dollar in the last week of October.

“It was as if the ringgit had a ...

The State of the Nation: Ringgit expected to firm in 2024 but its relative strength may still underwhelm

The country welcomed a new central bank governor on July 1 as monetary tightening continued at most major economies. Will helming Bank Negara Malaysia be less of a challenge in 2024 with the US Federal Reserve pivoting towards monetary easing and Putrajaya looking to r...

2023 - NEWSMAKERS: PASSING THE BATON

PERHAPS it reflects the need for reforms to happen fast in Malaysia, a resource-rich country that is looking to unleash its potential as an Asian tiger economy before it is deemed an aged nation in 2030.

Last Tuesday, Prime Minister Datuk Seri Anwar Ibrahim expanded his cabinet members ...

The State of the Nation: Significance of having a technocrat as second finance minister in bigger scheme of things 

WITH a National Ageing Blueprint in the pipeline and promises to strengthen social protection via reforms, Putrajaya knows Malaysia is among the developing Southeast Asian countries that are getting old before getting rich, with a looming retirement crisis that could see a sizeable swathe of the ...

Cover Story: No quick solution to old-age poverty ‘time bomb’

Transport

OVERWEIGHT

RHB RESEARCH (DEC 6): We upgrade the transport sector from “neutral” to “overweight”. The sector upgrade is underpinned by positive macroeconomic an...

Brokers Digest: Local Equities - Transport, MISC Bhd, ITMAX System Bhd, Malakoff Corp Bhd

THERE is good news for the country’s 16 million Employees Provident Fund (EPF) members set to receive dividends for 2023 within the next three months. Based on the EPF’s investment performance in the first nine months of this year, most members can look forward to 2023 dividends coming in at 5% a...

Good chance of EPF’s 2023 dividend beating last year’s 5.35% 

THAT Malaysia’s economic growth “could see long-term impact” from a “relative decline” in actual development expenditure (DevEx) was one of three issues in Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim’s Nov 6 statement after chairing the National Economic Action Council (NEAC) mee...

The State of the Nation: Why PM said DevEx is down even though allocation is near record high  

The evening shower and Kuala Lumpur traffic faded away as old friends and business associates caught up at The Edge Billion Ringgit Club (The Edge BRC) Awards 2023, Corporate Malaysia’s biggest and most anticipated awards night, on Oct 23.

Celebrating Corporate Malaysia

Reflecting the heightened market volatility, it has been a sea of red in terms of the share price performance and total returns of the 14 companies named as The Edge Billion Ringgit Club (BRC) Company of the Year over the years.

Saluting sustainable excellence for the 14th year

Companies that were scored highly on corporate responsibility (CR) initiatives continue to be those that not only create lasting impact for multi-stakeholders but know how to measure and communicate them well, say The Edge Billion Ringgit Club (BRC) panel of CR judges.

Creating lasting impact for multi-stakeholders and measuring them well

Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from US tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.

Asian shares extend gains ahead of tech earnings, yen fragile

Communications Minister Fahmi Fadzil advised media practitioners and the public against circulating video clips of a crash involving two Royal Malaysian Navy (RMN) helicopters in Lumut, Perak on Tuesday morning.

Refrain from circulating clips of RMN helicopters' crash, Fahmi advises

KUALA LUMPUR (April 23): The nation mourns the heart-wrenching tragedy involving the crash of two Royal Malaysian Navy (RMN) helicopters in Lumut, Perak on Tuesday morning, said Prime Minister Datuk Seri Anwar Ibrahim.

RMN copter crash: Nation saddened, MAF deeply affected, says PM

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines. 

However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told The Edge on Tuesday.

Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

Global semiconductor assembly and test services provider ATX Semiconductor Group has invested about US$55 million (RM258 million) in its new manufacturing plant in Melaka.

China-based ATX Group invests RM258m for new manufacturing plant in Melaka

MyEG Services Bhd

Target price: RM1.15 ADD

Brokers Digest: Local Equities: MyEG Services Bhd, Mah Sing Group Bhd, Tan Chong Motor Holdings Bhd, Gamuda Bhd 

The two helicopters which collided and crashed at the Royal Malaysian Navy (RMN) Base were undergoing a rehearsal for the third time in conjunction with RMN Fleet Open Day celebration scheduled on Saturday (April 27).

RMN helicopters involved in third rehearsal before incident — Khaled Nordin

High crude oil prices caused by tension in the Middle East will help to boost Malaysia's oil and gas exports. However, escalated fuel prices will dampen the country’s economic growth, according to the Socio-Economic Research Centre (SERC).

SERC: Escalated oil price boon and bane for Malaysia

Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.

Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

Notable filings

During the week of April 1 to 5, notable shareholding changes at Bursa Malaysia-listed companies included those at palm oil mill manufacturer Dolphin International Bhd, which saw Datuk Yeo Boon Leong, who is the executive chairman and ...

Insider Moves: Dolphin International Bhd,  M & A Equity Holdings Bhd, SC Estate Builder Bhd, Tenaga Nasional Bhd, Guan Chong Bhd

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 23)

Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.

Two helicopters crash in Lumut, 10 confirmed killed — RMN

Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.

Topmix surges 32% on ACE Market debut

Brazil's government said on Monday that four additional poultry plants have been cleared to sell halal products to Malaysia, a move it hopes will allow exports to the Asian country to double when compared to last year's levels.

Brazil says Malaysia clears four more halal poultry plants for export

Healthcare stocks still have legs to run following the recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.

KPJ near record high, IHH surges as analysts bet on more upside

Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.

Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.

Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from US tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.

Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.

Ex-Umno leader ready to apologise in contempt of court case

Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd and said with 33 of its F&amp;B outlets situated across Johor state, and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore.

SDS strategically positioned to leverage burgeoning vibrancy in Johor, says HLIB 

Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.

October hearing for Rosmah's appeal in solar project graft trial

Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight, as sentiment improves after Iran said it will not escalate the conflict with Israel, said an analyst.

Bursa up in early trade, tracking Wall Street overnight

Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health.

Wall Street stocks end higher with major corporate earnings in view

Rakuten Trade has a “buy” rating on ACE Market-bound surface decorative products company Topmix Bhd at an initial public offering (IPO) price of 31 sen, with a fair value of 40 sen based on financial year 2024 (FY2024) forecast price-earnings (PE) of 15x, in line with industry peers.

Rakuten Trade values Topmix at 40 sen, expects FY2023-FY2026 earnings to grow at CAGR of 25%

South Korea is emerging as a closely watched weak link in the US$63 trillion (RM298.95 billion) world of shadow banking.

Shadow banking stress in South Korea sends warning to global investors

Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.

Malton unveils River Park's final tower

Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.

China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

In Part 1, I outlined three possible scenarios for voter turnout and support for the DAP/PH/unity government candidate in the upcoming by-election in Kuala Kubu Baharu (KKB), out of which there is only one scenario where the incumbent manages to defend the seat. In this concluding part of this article, I will outline some of the likely and desired parameters of contestation during the campaign.

Kuala Kubu Baharu by-election: The challenges for DAP, PH, unity government — Part 2

US borrowers on lower incomes are increasingly struggling to keep up with their loan payments, according to recent data and bank executives, prompting banks to become more cautious about dishing out credit cards and car loans.

US consumers on lower incomes face loan stress while banks pull back

RHB Retail Research said Cloudpoint Technology Bhd is eyeing an uptrend movement after rebounding from the immediate support, testing the 64 sen immediate resistance level.

Cindy Yeap

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Cindy Yeap

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