CTOS Digital Bhd told reporters that it was “business as usual”, but the credit reporting agency’s business model had clearly been thrust into the spotlight, pending the outcome of its appeal against the High Court ruling that went against its wholly-owned subsidiary in favour of a businesswoman ...

Cover Story: Court judgment casts spotlight on CTOS’ business model 

KUALA LUMPUR (March 28): Lawyers for Liberty (LFL) has called for action to be taken against those who made inciting statements on the sale of socks bearing the word “Allah”.

Lawyers for Liberty calls for action against instigators of 'Allah' socks controversy

NG Wei Wei, CEO of United Overseas Bank (Malaysia) Bhd (UOB Malaysia), has had two busy but eventful years at the bank.

She had to hit the ground running when she took over the helm on May 1, 2022, as the Malaysian entity was in the thick of its acquisition of Citibank’s consumer busine...

Cover Story: UOB Malaysia achieves record income + profitability in 2023 

WHILE the new service tax amendments have been a major talking point among tax consultants and affected industry players, consumers are the ones who will really feel the pinch.

The service tax scope expansion and rate hike, which came into effect on March 1, are expected to bring the go...

Cover Story 2: Consumers to bear brunt of cascading effect of expanded service tax

BY the time this week’s edition of The Edge hits the streets, the new service tax rate of 8% and its expanded scope would have already come into effect. 

That said, it may not be noticeable to the man in the street, given that services commonly used by the general public — food and...

Cover Story 2: Service tax amendments surprise industry

THERE are early signs indicating that the semiconductor sector has reached the bottom and is on the brink of a rebound. Analysts and industry players believe 2024 to be the year the technology sector rebounds after two rather dreary years.

While the majority are certain of a recovery th...

Would you have made a killing if you had bought tech stocks during 2022 rout?

FOR a person whose name doesn’t surface as a shareholder, the list of 14 privately held companies listed on Tun Daim Zainuddin’s charge sheet has been nothing short of intriguing.

The former finance minister, whom some would describe as a crafty businessman, has been charged with not de...

Court: Daim’s non-disclosed private companies intrigue

INVESTORS with a keen eye would have noticed the uncanny similarities between plantation companies Chin Teck Plantations Bhd and Negri Sembilan Oil Palms Bhd (NSOP).

A look at the corporate information of the sister companies shows that they share the same majority shareholder Tiong Thy...

Similarities at Chin Teck and NSOP pique interest 

CONFECTIONERY stocks on Bursa Malaysia have caught the interest of investors lately, judging by the improved value of the shares compared to a year ago.

Some industry observers say the interest in the confectionery stocks is probably due to improved earnings over the last few quarters a...

Investors see sweet value in confectionery stocks

MALAYSIA’s gross domestic product (GDP) growth for 2023 is likely to have undershot the Ministry of Finance’s official forecast of 4%, based on the dismal advance estimate for the fourth quarter (4Q2023) that was announced a week ago.

The advance 4Q2023 GDP estimate — based on data for ...

The State of the Nation: Economic growth for 2024 unlikely to be buffeted by headwinds

Nomination for the Kuala Kubu Baharu state by-election opened at 9am on Saturday at the Hulu Selangor Multipurpose Hall and District Sports Complex here.

Nomination opens at 9am for Kuala Kubu Baharu by-election

US regulators have seized Republic First Bancorp and agreed to sell it to Fulton Bank, the Federal Deposit Insurance Corp (FDIC) said on Friday, underscoring the challenges facing regional banks a year after the collapse of three peers.

US regulators seize troubled lender Republic First, sell it to Fulton Bank

Apple Inc has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.

Apple intensifies talks with OpenAI for iPhone generative AI features

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Perak to collaborate with rare earth elements company from South Korea, says MB

Global stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen sank to a 34-year low after the Bank of Japan (BOJ) kept monetary policy loose.

Global stocks gain on Big Tech lift; yen slides to 34-year low

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

Who pays for anytime EPF withdrawals?

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

China passes tariff law amid tensions with trading partners

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

BCorp, Capital A, AAX, YNH, Sam Engineering, Turiya, Gadang, Microlink, Nestle, Wiradani, D&O, Homeritz, Unisem

(April 26): HSBC Holdings Plc successfully fought off a London court claim brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co film financing.

HSBC wins £1.3 bil suit over Disney film finance scandal

Here is a brief recap of some business news and corporate announcements that made the headlines on Friday.

KNM Group Bhd said it is seeking court sanction for a new scheme of arrangement with its creditors. The PN17 group is also seeking a further extension of time to submit its regularisation plan.

KNM seeks fresh scheme of arrangement with creditors

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E...

EVENING 5: Five things you need to know today

The creation of Flexible Account 3 for anytime withdrawals from May 11 means Employees Provident Fund (EPF) members can choose to take out up to a third of the balance in their existing Wellbeing Account 2.

China passed a law on Friday strengthening its trade defence capabilities as the US and the European Union take aim at Beijing over excess industrial capacity.

(April 26):&nbsp;HSBC Holdings Plc successfully fought off a London court&nbsp;claim&nbsp;brought by a group of investors in a £1.3 billion (US$1.6 billion) lawsuit over tax breaks linked to Walt Disney Co&nbsp;film financing.

KUALA LUMPUR (April 26):&nbsp;KPJ Healthcare Bhd, through its premier educational institution&nbsp;KPJ Healthcare University (KPJU),&nbsp;has entered into a memorandum of understanding (MOU) on Friday with Trusx Malaysia Sdn Bhd (Trustr), a global digital health organisation, as an initiative to revolutionise&nbsp;healthcare.

KPJ Healthcare, Trusx Malaysia collaborate for AI-driven healthcare solutions

Wall Street's main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from Alphabet pushed its market value over US$2 trillion (RM9.5 trillion), while an in-line inflation reading calmed interest rate jitters.

Wall Street rises as Big Tech charges higher

KUB Malaysia Bhd has extended the deadline for its mandatory general offer for Central Cables Bhd (CCB) a second time to May 20 from April 30, according to its latest filing on Bursa Malaysia.

KUB extends deadline for CCB MGO a second time

US equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.

US equity funds see fourth straight week of outflows amid rate cut reassessment

HULU SELANGOR (April 28): The Ministry of Health (MOH) stands by its decision to amend the Medical Act 1971 (Act 50) to bridge the gap between the parallel pathway programme (PPP) and the local medical degree programme, despite objections from some parties.

Health Ministry stands by decision to amend Medical Act 1971

FRANKFURT/BERLIN/PRAGUE (April 26): Thyssenkrupp&nbsp;will sell a 20% stake in its steel business to the energy holding controlled by Czech billionaire Daniel&nbsp;Kretinsky, a major breakthrough for the German conglomerate after years of unsuccessful attempts to divest the unit.

Global&nbsp;stocks were higher on Friday, as Big Tech gains lifted Wall Street shares, while Japan's yen&nbsp;sank to a&nbsp;34-year low after the Bank of Japan (BOJ)&nbsp;kept&nbsp;monetary policy loose.

WASHINGTON (April 26):&nbsp;Ukrainian President Volodymyr Zelenskiy called on Friday for additional air defence systems to be sent to Kyiv to help protect against Russian strikes, adding that a pause in US&nbsp;funding had helped Moscow seize the initiative.

Ukraine's Zelenskiy calls for air defence systems as allies meet

A weekly round-up of tanker and dry bulk market (April 26, 2024)

Baltic Exchange shipping updates: April 26, 2024

The Perak government is expected to establish cooperation with Star Group Industries (SGI), a leading South Korean company with experience in the production of downstream products of rare earth elements (REE).

Apple Inc&nbsp;has renewed discussions with OpenAI about using the start-up’s technology to power some new features coming to the iPhone later this year, according to people familiar with the matter.&nbsp;

Esther Lee

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