The Civil Aviation Authority of Malaysia (CAAM) has revoked the air operator's certificate (AOC) of cash-strapped low-cost carrier MYAirline Sdn Bhd, effective April 15, after it failed to find a new investor before the April 14 deadline.

MYAirline loses licence to operate as commercial airline as CAAM revokes AOC

NINJA Logistics Sdn Bhd (Ninja Van Malaysia) was one of the private venture-backed start-ups that burst onto the last-mile delivery scene and disrupted the long-standing business model of incumbent delivery companies with technologies that deliver products faster, cheaper and more efficiently tha...

Ninja Van Malaysia takes pole position with record growth pace

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

CAPITAL A Bhd, the largest low-cost carrier in Asia, is in talks with investment bankers to assist in a private placement of new shares to third-party investors who have yet to be identified, according to sources.

The Practice Note 17 (PN17) status company is looking to raise between US...

Newsbreak: Capital A seeks private placement to raise up to US$400 mil, say sources

JOHOR-based Guan Chong Bhd, the world’s fourth-largest cocoa grinder, has put on hold plans to expand its cocoa bean processing plant in Ivory Coast due to a global shortage of cocoa beans. The group had planned to double its Ivory Coast capacity to 120,000 tonnes annually.

 Guan C...

Newsbreak: Guan Chong postpones Ivory Coast plant expansion amid cocoa shortfall

The Asia Internet Coalition (AIC), a trade association comprising leading internet and technology companies such as eBay, Google, Nokia, Skype, and Yahoo!, has called on Malaysia to maintain its commitment to the Organisation for Economic Co-operation and Development’s multilateral efforts to address taxation challenges, in order to progress towards a simple, fair and efficient global system.

Internet alliance calls for dialogue on Malaysia's draft ruling on tax treatment of software royalties

Kuala Lumpur edged up 16 notches to 73rd out of 142 cities in the world on the latest 2024 Smart City Index (SCI) by the Institute for Management Development's (IMD) Smart City Observatory. KL was ranked 89th last year.

Kuala Lumpur moves up to 73rd spot on list of smart cities

WITH air travel rebounding to 2019 levels, airports around the world are at their busiest since the Covid-19 pandemic, but flight cancellations and delays, hours-long queues and mishandling of baggage are causing passenger frustration and drawing media attention.

In Malaysia, a recent d...

We are watching you, Mavcom tells airports and airlines 

MALAYSIA Airports Holdings Bhd (MAHB) is looking at monetising its Turkish airport operations by divesting part of its 100% equity interest in stanbul Sabiha Gökçen Uluslararasi Havalimani Yatirim Yapim ve sletme AS (ISG), according to people familiar with the matter. ISG operates Istanbul Sabiha...

MAHB may pare down stake in Istanbul airport to Türkiye’s IC Holding 

IN 2022, GDEX Bhd kicked off its ambitious transformation plan to transition to a new business model in an increasingly overcrowded last-mile delivery market. The goal of GDEX 2.0 was to future-proof its business by transitioning from being a purely last-mile logistics player to a technology-driv...

GDEX sees transformation plan taking off this year

Oil prices fell for a third day on Wednesday amid increasing hopes of a ceasefire agreement in the Middle East and on rising crude inventories and production in the US, the world's biggest oil consumer.

Oil falls for a third day as Middle East ceasefire hopes rise 

(May 1): Mirzan Mahathir, the son of former Malaysian prime minister Tun Dr Mahathir Mohamad, intends to invest US$100 million (RM477 million) in a cement factory in South Sudan.

If approvals are granted timeously, the plant should be operational in 24 months and will use limestone from...

Dr M’s son Mirzan planning US$100m Africa investment

Prime Minister Datuk Seri Anwar Ibrahim has urged for the establishment of the gig workers commission to be expedited.

Anwar urges swift establishment of gig workers commission 

HAVING identified artificial intelligence (AI) opportunities in Malaysia, SNS Network Technology Bhd now expects a meaningful contribution from its newly ventured data centre fit-out business segment.

Besides selling AI super servers, the ICT system and solutions provider is also involv...

SNS Network aims to tap country’s data centre boom through new venture

AirAsia believes it is capable of dealing with rising fuel prices and unfavourable currency movements, which continue to heighten global challenges.

AirAsia can handle volatile currency movements, oil prices — Tony Fernandes

A water supply company chief executive officer and a company owner have been remanded for three days starting Wednesday to facilitate an ongoing graft investigation into bribery and false claims.

CEO of water supply company, business owner remanded in graft probe 

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

Prime Minister Datuk Seri Anwar Ibrahim on Wednesday announced that civil servants will enjoy a salary hike of more than 13% starting December this year, the highest increase in the nation’s history.

Anwar announces over 13% salary hike for civil servants

PUTRAJAYA (May 1): Prime Minister Datuk Seri Anwar Ibrahim on Wednesday launched the national human resources policy framework, which addresses key aspects including equitable compensation and job welfare.

Minister of Human Resources Steven Sim Chee Keong stated that the framework, whic...

PM unveils framework for national HR policy 

HULU SELANGOR (May 1): The Ministry of Transport (MOT) is closely monitoring developments at Mount Ruang, Indonesia which was reported to have erupted three times on Tuesday, spewing lava with ash spreading to as far as Malaysia.

Transport Minister Anthony Loke said that the eruptions h...

Transport minister says keeping tabs on Mount Ruang volcanic activity

McDonald's missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked past its offers and the Middle East conflict weighed on the burger chain's international sales.

McDonald's posts rare profit miss as customers turn picky

Starbucks Corp sales fell for the first time since 2020 as half-off deals and new lavender lattes weren’t enough to entice increasingly budget-conscious consumers.

Starbucks posts first sales drop since 2020 during global pullback

Apex Equity Holdings Bhd's external auditor is unconvinced that the group will be able to recover RM23.8 million in loan receivable, though its directors is confident that the sum is recoverable and had made no impairment loss in its financial statements for the year ended Dec 31, 2023.

Apex Equity's auditor unconvinced group can recover RM24m loan

Prime Minister Datuk Seri Anwar Ibrahim on Wednesday announced that civil servants will enjoy a salary hike of more than 13% starting December this year, the highest increase in the nation’s history.

Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating US laws against money laundering at the world's largest cryptocurrency exchange.

Binance crypto founder Zhao sentenced to four months in prison

US stocks ended lower on Tuesday as markets weighed economic data showing rising labour costs and deteriorating consumer confidence on the day of a key Federal Reserve policy meeting to decide the direction of interest rates.

Wall Street stocks fall as markets weigh strong wage data, Fed meeting 

An early investor in bitcoins dubbed the "Bitcoin Jesus" has been arrested in Spain on US charges that he evaded paying at least US$48 million (RM228.9 million) in taxes, the US Department of Justice said on Tuesday.

'Bitcoin Jesus' arrested in Spain on US tax evasion charges

Manchester United said on Tuesday that interim CEO Patrick Stewart and CFO Cliff Baty will step down from their positions at the end of the season

Manchester United's interim CEO, CFO to step down

Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to boost availability of cloud services.

Microsoft to open first regional data centre in Thailand

The Philippines on Wednesday accused China's coast guard of elevating tensions in the South China Sea after two vessels suffered damage from water cannon use by Beijing, an official said.

Philippines says Chinese coast guard elevating tensions in South China Sea

Southeast Asian governments are grappling with the challenges of rising energy demand, a burgeoning middle class, strong pressure not to increase energy and electricity prices, and the need to deliver just and equitable growth — before even considering ambitious plans to decarbonise and build industries of tomorrow.

Southeast Asia remains off-track in net zero ambitions 

Amazon.com reported quarterly results above Wall Street's expectations on Tuesday, as interest in artificial intelligence helped drive cloud-computing growth.

Amazon results beat estimates, revenue forecast misses

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Citigroup&nbsp;CEO Jane Fraser told shareholders on Tuesday that US consumers are becoming more cautious with their spending and making smaller purchases.

Citi CEO says US consumers more cautious, emphasises bank overhaul

Oil prices fell for a third day on Wednesday amid increasing hopes of a ceasefire agreement in the Middle East and on rising crude inventories and production in the US, the world's biggest oil consumer.

A water supply company chief executive officer and a company owner have been remanded for three days starting Wednesday to facilitate an ongoing graft investigation into bribery and false claims.

Police apprehended 11 individuals suspected of being part of a fake job scam and non-existent investment syndicate during a raid on two residential units in the city at approximately 6pm on Monday.

Johor police nab 11 involved in job, investment scams

European car giants Volkswagen, Mercedes-Benz and Stellantis all posted lower sales and first-quarter revenue on Tuesday as they geared up to launch new models, faced higher costs and were hit by weaker demand for new cars as interest rates remain high.

Weak demand, new model ramp-up hit Europe's top automakers

Prime Minister Lee Hsien Loong called on Singaporeans to rally behind his successor as he prepares to step aside later this month after a two decades-long stint in power.

Lee asks Singapore to rally behind his successor in final address

The popularity of property investing among the younger investors seems to be waning. The mismatch between one’s salary and property price is a key reason. However, financial planning experts say these investors should not be hasty in dismissing property as an attractive asset class.

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