KUALA LUMPUR (April 27): Polymer Link Holdings Bhd, a manufacturing company for compounded and non-compounded plastic powder, rose as much as three sen or 25% from its offer price of 12 sen, at the company's debut on Bursa Malaysia's Leading Entrepreneur Accelerator Platform (LEAP) Market.

...

Polymer up 25% on LEAP Market debut

KUALA LUMPUR: Sime Darby Bhd has proposed a divestment of its China-based water management business, Weifang Sime Darby Water Management Co Ltd (Weifang Water) for US$68 million or 450 million yuan (RM274.72 million).

“The divestment is part of Sime Darby Bhd’s strategy to rebalance its...

Sime Darby plans to sell Weifang Water for RM275m

KUALA LUMPUR (July 2): Pacific Mutual Fund Bhd, an investment management company under the OCBC Group, said it remains positive on the markets, but expects greater market volatility ahead for the second half of 2018 (2H18).

In a statement today, Pacific Mutual chief executive officer an...

Pacific Mutual optimistic on markets but says more volatility expected in 2H18

KUALA LUMPUR (July 2): AIA Bhd has teamed up with Kuala Lumpur City Hall (DBKL) to launch an outdoor gym at Taman Metropolitan Kepong, as part of its commitment to encourage Malaysians to stay active and healthy. 

“Over the past decade, we have seen the alarming rise of diabetes an...

AIA to launch outdoor gym at Kepong park for healthier Malaysian lifestyle

KUALA LUMPUR (July 2): Sime Darby Bhd has proposed a divestment of its China-based water management business, Weifang Sime Darby Water Management Co Ltd (Weifang Water), for US$68 million or RMB450 million (around RM275 million).

"The divestment is part of Sime Darby's strategy to rebal...

Sime Darby to sell China-based water management biz for RM275m

KUALA LUMPUR (June 29): Progressive taxes and social transfers such as targeted handouts can be very effective in reducing income inequality, provided they are enforced under an effective democracy, said a World Bank economist at a forum here today.

Speaking at the forum on cost of livi...

Progressive tax, social transfers effective in reducing inequality, says World Bank economist

KUALA LUMPUR (June 29): The new government could do better by communicating more effectively with all stakeholders when forming policies, conceded a Pakatan Harapan Member of Parliament today.

Speaking at a forum here today, Lembah Pantai MP Fahmi Fadzil said that the government has to ...

Better communication with stakeholders needed on policymaking, says MP

KUALA LUMPUR: The Japanese Chamber of Trade and Industry Malaysia (Jactim) has urged the Pakatan Harapan government to review a central bank regulation that exporters retain only 25% of export proceeds in foreign currency and to convert the balance 75% into ringgit.

Speaking at a press ...

Jactim calls on government to review BNM limit on forex proceeds

KUALA LUMPUR: The Japanese Chamber of Trade and Industry Malaysia (JACTIM) has urged the Pakatan Harapan Government to review a Bank Negara regulation that exporters retain only 25% of export proceeds in foreign currency and convert the balance 75% into ringgit.

Speaking at a press conf...

JACTIM calls on Malaysian government to review BNM limit on forex proceeds

KUALA LUMPUR (June 28): The Japanese Chamber of Trade and Industry Malaysia (JACTIM) said a majority of Japanese companies operating in Malaysia want to see minimum wage increases which are commensurate with economic growth.

“Our basic concern is the speed and increase of the minimum wa...

Japanese firms in M'sia call for minimum wage hikes that reflect economic growth, says JACTIM

While the opening of The Exchange TRX is anticipated to intensify competition in the malls sector, Pavilion Real Estate Investment Trust (PavREIT) said footfalls at its malls nearby — Pavillion KL and the connected Pavilion Elite — remain unaffected, and they are still enjoying over 95% occupancy rates.

PavREIT says Pavilion KL, Elite's footfalls unaffected by opening of TRX mall

Shares of construction and engineering contractor Crest Builder Holdings Bhd climbed on Wednesday after bagging a RM486 million condominium project in Mont Kiara.

Crest Builder rises 6% after bagging RM486m condominium project

BMI, a Fitch Solutions company, holds a cautious but positive outlook for consumer spending in Malaysia over 2024, as the economic recovery feeds through to strong real consumer spending growth over the full year.

BMI holds a cautious but positive outlook for consumer spending in Malaysia over 2024

(April 24): U.S. defense contractor L3Harris Technologies Inc will cut 5% of its workforce this year as part of a cost saving measure, CEO Chris Kubasik said in an email to employees seen by Reuters on Tuesday.

The cuts represent about 2,500 of the roughly 50,000 employees the company h...

US defense contractor L3Harris to cut 5% of workforce to save costs, email shows

The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&P Purchasing Managers' Index (PMI) data disappoint.

Ringgit rebounds on softer US dollar after PMI data

(April 24): JPMorgan Chase CEO Jamie Dimon said the U.S. economy was booming and consumer spending continued to be resilient.

The U.S. economic boom is "unbelievable," Dimon told the Economic Club of New York on Tuesday. "Even if we go into recession, the consumer's still in good shape,...

JPMorgan CEO Dimon says US economy is booming

Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.

Bursa opens higher, tracking overnight Wall Street

(April 24): Walmart’s majority-owned fintech startup One has started offering buy now, pay later (BNPL) loans for big-ticket items like electronics and power tools at some of the retailer's U.S. stores, a source said on Tuesday.

The fintech joins peer Affirm as one of the options that W...

Walmart-backed fintech One launches 'buy now, pay later' services, source says

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

What’s next for 5G deployment in Malaysia?

(April 23): Tesla said it will lay off 6,020 employees in Texas and California ahead of its quarterly results on Tuesday when CEO Elon Musk is expected to outline the electric-vehicle maker's strategy to combat slowing demand and falling margins.

Last week, Tesla announced&nbs...

Tesla to cut more than 6,000 jobs in Texas, California, notices show

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 24)

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

KomarkCorp, Topmix, PavREIT, Axis REIT, KIP REIT, Cypark, Crest Builders, Capital A, Gadang, Haily, DXN, Inta Bina, Comfort Gloves, AHB

The fatal collision between two Royal Malaysian Navy helicopters that killed 10 personnel abroad could be due to a failure in the critical points of the aircraft structure, aviation expert Assoc Prof Maj Dr Mohd Harridon Mohamed Suffian said.

Critical point failure could’ve led to fatal Lumut chopper crash, says expert

Sarawak’s strategic alliances with the UK's leading industry partners in the development of compound semiconductors will drive innovation to increase the capability of microchips to power new technologies and applications, said Sarawak Premier Tan Sri Abang Johari Tun Openg.

Sarawak eyeing partnership with UK companies to boost semicon capabilities

US stocks closed higher on Tuesday following positive earnings from top-tier companies and as investors were focused on quarterly results from Magnificent Seven and other megacap growth stocks.

Wall Street closes higher as investors digest earnings, megacap outlook

Tesla Inc is accelerating the launch of more affordable models in a bid to arrest a deterioration in its profit margins and sales.

Tesla to accelerate launch of cheaper cars after sales miss

Rakuten Trade said NationGate Holdings Bhd may extend its upward trajectory after breaking out from its one-month rectangular pattern on Tuesday.

NationGate may extend upward trajectory, says Rakuten Trade 

Global shares rose on Tuesday, with investors on Wall Street focused on earnings reports from the US megacaps, and the yen tumbled to multi-year lows against the dollar and the euro.

Stocks gear up for Big Tech earnings; yen touches multi-year lows

IPOH (April 23): The post-mortems of 10 victims of the tragedy of two helicopters colliding near the Royal Malaysian Navy (TLDM) base in Lumut, currently being carried out at the Raja Permaisuri Bainun Hospital here, are expected to be completed by Wednesday (April 24) afternoon.

Helicopter tragedy: Victims’ post-mortems expected to be completed on April 24 afternoon

Bursa Malaysia opened higher on Wednesday, tracking Wall Street's upbeat overnight performance, as confidence was buoyed by a spate of solid corporate earnings that many see as a precursor of those from the mega caps which will be reported over the next few days, said an analyst.

Mergers and acquisitions (M&amp;A) activities fell to the lowest in a decade in 2023. According to the “Global M&amp;A Report” published by Bain &amp; Co, the total M&amp;A market fell by 15% year on year last year to US$3.2 trillion, the lowest in a decade.

M&A activities hit a low in 2023, pickup expected this year

With Malaysia’s 5G outdoor coverage having reached the 80% target for coverage of populated areas (CoPA) at the end of 2023 and after the signing of the share subscription agreements (SSAs) by five mobile network operators (MNOs) on Dec 1, 2023, what’s next for the next stage of 5G deployment in Malaysia?

The ringgit rebounded in early trade on Wednesday as the US dollar retreated after S&amp;P Purchasing Managers' Index (PMI) data disappoint.

RHB Retail Research said Censof Holdings Bhd is observing a technical breakout after climbing above the 26.5 sen immediate resistance on surging trading volume.

Censof observing technical breakout, says RHB Retail Research 

Meta Bright Group Bhd said its wholly owned subsidiary FBO Land (Serendah) Sdn Bhd and Doople Tech Sdn Bhd have entered a solar supply agreement with Cherengin Hills Sdn Bhd, following its recent collaboration with Doople to form a joint venture (JV) company to bid for renewable energy (RE) projects with a Bumiputera equity requirement.

Meta Bright lands solar supply deal after forming JV company with Doople

Digital payments company Block Inc, formerly known as Square, has finished the development of its Bitcoin mining chip as chief executive Jack Dorsey continues to advocate for a more accessible and decentralised system — an effort he’s championed since 2021.

Jack Dorsey’s block finishes development of Bitcoin mining chip

RHB Retail Research said YBS International Bhd is set to resume its uptrend after climbing above the 80.5 sen immediate resistance, surpassing the 21-day simple moving average line.

YBS International set to resume uptrend, says RHB Retail Research 

International Business Machines Corp (IBM) is in advanced talks to acquire software company HashiCorp Inc, according to people with knowledge of the matter.

IBM is in advanced talks to acquire software provider HashiCorp

KOTA BHARU (April 23): The man involved in&nbsp;the shooting incident at the Kuala Lumpur International Airport (KLIA) in Sepang on April 14 will be charged in a&nbsp;Kota Bharu court on Wednesday (April 24), according to the police.

KLIA shooting suspect to be charged in Kota Bharu on Wednesday

Malaysia's education system must be synonymous with the development of the country, said Higher Education Minister Datuk Seri Zambry Abd Kadir.

Faiz Halim

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