KUALA LUMPUR: Inland Revenue Board (IRB) chief executive officer (CEO) Datuk Seri Sabin Samitah has called on taxpayers to trust the government’s intention to introduce the Special Voluntary Disclosure Programme (SVDP), which was announced during Budget 2019 last year.

Sabin, who was ad...

IRB: Trust us with voluntary disclosure programme

Inland Revenue Board (IRB) chief executive officer Datuk Seri Sabin Samitah has urged taxpayers to trust the government's intention in introducing the special voluntary disclosure programme (SVDP), which was announced by the finance minister in Budget 2019 on Nov 2 last year.

"I am fully aware there are uncertainties surrounding the SVDP, which includes trust issues on the part of the taxpayers. People are quite sceptical even to the extent of questioning the rationale behind the programme," he said at the KPMG dialogue with the IRB today.

Trust us with voluntary disclosure programme, IRB tells taxpayers

OCBC Bank (Malaysia) Bhd customers with an iPhone X, recently-launched iPhone XS, XS Max and XR can now access their mobile banking app through facial biometrics with the introduction of OCBC OneLook.

OCBC OneLook enables customers to simply look at their iPhone X in order to view their accounts and card balances as well as their latest transactions.

OCBC introduces facial biometric access for mobile banking app on iPhone X

Total information and communications technology (ICT) solutions provider ICT Zone Ventures Bhd has turned to the investment account platform (IAP) for the second time, this time to raise RM2.75 million to fund its business expansion.

In a statement today, ICT Zone said it plans to use the funds to partly finance 80% of the costs to purchase ICT equipment for onward rental to a third party.

ICT Zone Ventures to raise RM2.75m fund via IAP

Malaysia Airports Holdings Bhd (MAHB) fell among Bursa Malaysia's top decliners this morning after the airport operator missed its passenger volume target last year.

At 9.52am, MAHB shares were down 1.83% or 15 sen to RM8.05, with a market capitalisation of RM13.61 billion. The counter saw 237,600 shares traded.

MAHB shares down 1.83%; TA Securities keeps 'sell' call

KUALA LUMPUR: Chip testing company KESM Industries Bhd said the trade war between the world’s two largest economies has resulted in a 15% drop in chip testing volume over the last six months.

The declining volume from customers has also led to the group’s plant utilisation rate to fall ...

KESM a ‘temporary casualty’ of US-China trade war

KUALA LUMPUR (Jan 10): Manulife Asset Management is optimistic on Asian equities this year due to historically low valuations and domestically-driven economic growth prospects.

"Overall, Asia should be better positioned globally in 2019 despite ongoing trade tensions. As the key drivers...

Manulife optimistic on Asian equities this year

The ongoing US-China trade war has affected KESM Industries Bhd's volume but the company believes the impact is temporary. The independent semiconductor 'burn-in and test' service provider said its end customers had tightened up purchases and cautiously controlled their inventory in view of the trade war concern.

Trade war a temporary impact on testing volume — KESM

KUALA LUMPUR: RHL Ventures, a multifamily private equity firm that invests in early-stage and growth-stage start-ups across Southeast Asia, has participated in the seed round of HealthMetrics, a cloud-based enterprise human resource solution provider.

The investment amount was not discl...

HealthMetrics secures RHL Ventures’ participation in seed round

KUALA LUMPUR (Jan 10): RHL Ventures, a multi-family private equity firm that invests in early-stage and growth-stage start-ups across Southeast Asia, has participated in the seed round of HealthMetrics, a cloud-based enterprise human resource solution provider.

The investment amoun...

HealthMetrics secures RHL Ventures' participation in seed round

Coffee prices are expected to extend their meteoric surge with the hoarding of beans and poor weather set to exacerbate a supply crunch in Vietnam, the world’s biggest producer of the robusta variety.

Pricey coffee is here to stay as hoarding, heat hit Vietnam supply

Analysts are positive that Capital A Bhd's proposed restructuring plan to streamline its aviation segments will help it exit the Practice Note 17 (PN17) status and enhance its competitive stance against established full-service carriers.

Analysts positive on Capital A's restructuring plan to get it out of PN17

Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.

Maxis could lead second 5G network rollout with new consortium partner, says RHB Research

KUALA LUMPUR (April 25): Malaysia requires an annual allocation of at least RM10 billion for the next three years, which is crucial to boost water infrastructure amid below-cost tariffs and high wastage, the National Water Services Commission (SPAN) said on Thursday.

Malaysia needs RM10 bil each year till 2026 to upgrade water infrastructure — SPAN

SINGAPORE (April 26): The yen was parked by a 34-year low on the dollar and decade lows on other crosses ahead of a Bank of Japan meeting where interest rates are expected to stay low, while the dollar dipped elsewhere on softer-than-expected U.S. growth data.

The euro rose 0.3% overnig...

Yen at its weakest in decades as BOJ meets

Kiribati's parliament has voted to remove Australian-born High Court Judge David Lambourne, who said on Friday the move was politically motivated and an attack on the independence of the Pacific Island nation's judiciary.

Kiribati parliament votes to remove Australian-born high court judge

Large-scale land and forest fires regularly impact 30 million to 50 million hectares of land in Southeast Asia. These fires can generate smoke clouds covering hundreds of millions of hectares for months at a time, resulting in transboundary smoke haze that has severely impacted parts of all 10 As...

Climate And Environmental Governance: Stopping fires and transboundary haze in Southeast Asia

BEIJING (April 25): The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack tech...

Battle for 'tech luxury' in China as EVs get smarter - and cheaper

The Malaysian Research Accelerator for Technology and Innovation (MRANTI) has signed a memorandum of understanding (MOU) with Beijing Zhongguancun Science City Innovation Development Co Ltd to collaborate on several strategic initiatives aimed at fostering significant advancements in technology and innovation.

MRANTI inks deal with Beijing Zhongguancun Science City to explore strategic collaboration areas

Property values in London's Canary Wharf financial district fell by €1.2 billion (US$1.5 billion) over the past year, led by a decline in the value of its office buildings, the landlord said in annual results published on Thursday.

London's Canary Wharf sees US$1.5 bil slashed from property values

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

AirAsia X, Capital A, ViTrox, PavREIT, Luxchem, Chin Teck, MKHOP, TAS Offshore, Inta Bina, Heineken, Pantech and Infoline Tec 

Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected US economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms.

Wall Street stocks fall as weak GDP growth spreads rate-cut gloom

Mercury Securities Sdn Bhd has valued ACE Market-bound Sin-Kung Logistics Bhd at 14 sen based on a 14 times financial year 2025 (FY2025) earnings per share forecast of one sen.

Mercury Securities values ACE Market-bound Sin-Kung Logistics at 14 sen

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds four entities to Investor Alert List, two being potential clones

Harvey Weinstein's 2020 conviction for sexual assault and rape was overturned by New York's highest court, reopening the landmark case that fuelled the #MeToo movement and highlighting the challenges of holding powerful men accountable.

Harvey Weinstein's rape conviction overturned by top New York court

Shares of ViTrox Corp Bhd are headed for its worst day in 18 months as first-quarter (1Q) results disappointed investors while analysts turned increasingly cautious on the semiconductor company’s near-term prospects.

Vitrox shares on pace for worst day in 18 months as 1Q disappoints

RHB Retail Research said YTL Corp Bhd is eyeing to extend the upside movement after it staged a bullish breakout.

YTL Corp eyeing to extend upside movement, says RHB Retail Research 

Hulu Selangor Bersatu action division head has been named as Perikatan Nasional's (PN) candidate for the Kuala Kubu Baharu (KKB) state by-election on May 11.

PN names Hulu Selangor Bersatu acting division head as candidate for KKB by-election

RHB Retail Research said VS Industry Bhd is poised to continue the bullish trajectory after it broke past the key resistance on high volume.

VS Industry poised to continue bullish trajectory, says RHB Retail Research 

The Tesla Inc shareholder who won a court order in Delaware killing co-founder Elon Musk’s US$56 billion (RM267.54 billion) pay package is premature in asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company’s lawyers argue.

Tesla fires back at investor who doesn’t want pay fight in Texas

Former president Donald Trump’s economic advisers are considering ways to actively stop nations from shifting away from using the dollar — an effort to counter budding moves among key emerging markets to reduce exposure to the US currency, according to people familiar with the matter.

Trump advisers discuss penalties for nations that move away from the dollar

European and American investors showed converse interest in sustainable funds during the first quarter, research firm Morningstar said on Thursday, with a record US$8.8 billion (RM42.03 billion) in net withdrawals from the products in the US.

Record US$8.8 bil pulled from US sustainable funds in 1Q

Maxis Bhd could work with another consortium partner to lower the cost of deploying the second 5G network, even after the recapitalisation of Digital Nasional Bhd (DNB), said RHB Research in a note on Friday.

Alphabet announced its first-ever dividend on Thursday and a US$70 billion (RM334.43 billion) stock buyback, cheering investors who sent the stock surging nearly 16% after the bell.

Google parent Alphabet announces first-ever dividend, shares soar

Asian shares rose cautiously on Friday as markets sobered up to the idea that US rate cuts were most likely some time away, while the yen and Japanese government bonds struggled ahead of a closely watched policy decision by the Bank of Japan (BOJ).

Asia stocks, yen tentative with eyes on BOJ decision

BEIJING (April 25):&nbsp;The battle for consumer attention in China's electric car market is being fought over touches of "tech luxury" that car buyers in other markets have never seen.

China’s upstart electric brands, and even its state-owned, legacy automakers, are racing to pack tech...

China is preparing a United Nations General Assembly resolution that it says is intended to help close gaps between rich and developing countries in the advance of artificial intelligence (AI), an initiative that follows an extensive and ambitious campaign by the US, its biggest AI competitor.

China prepares UN resolution to tap AI for good

Foreign states are using UK universities to “steal advantage” by covertly acquiring British intellectual property, the government warned, saying it would explore proposals to protect cutting-edge research and technology.

UK warns universities about research threat from foreign states

The Federal Communications Commission (FCC) said on Thursday it is ordering the US units of China Telecom, China Unicom and China Mobile to discontinue fixed or mobile broadband internet operations in the US.

Agency bars Chinese telecom carriers from offering US broadband services

One fixture lurking like a troll in Arsenal's Premier League title run-in has probably consumed the thoughts of the club's fans more than any other — Sunday's short trip to arch-rivals Tottenham Hotspur.

Gigi Chua

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Gigi Chua

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