Tanco Holdings Bhd is settling RM17.08 million worth of debt owed to major shareholder and group managing director Andrew Tan Jun Suan via the issuance of 341.59 million new shares in the group at 0.5 sen each.

Tanco plans to settle RM17m debt to major shareholder with new shares

KUALA LUMPUR (March 12) : Malakoff Corporation Bhd’s subsidiary Tanjung Bin Energy Sdn Bhd (TBE) has commenced arbitration against the contractor that built its new coal unloading jetty and bulk handling system at its power plant in Tanjung Bin, Johor, saying there were multiple breaches of contractual duties.

The contractor, Consortium HSL-TGE-GASB, is a joint-venture comprising HSL Constructor Pte Ltd, HSL Constructor Sdn Bhd, Tecgates Engineering (M) Sdn Bhd and Gema Antara Sdn Bhd.

Malakoff unit seeks damages from contractor over alleged failure to complete work at power plant

KUALA LUMPUR (June 15): Glove stocks hit speed-bumps today as a fresh rout in global equity markets, induced by second wave Covid-19 infections in China, prompted investors to adopt a risk-off approach.

Glove stocks the selling targets after strong rally

BASED on Bursa Malaysia filings, the large caps — companies with a market capitalisation of at least RM2 billion — have slashed their aggregate dividend payment for the first quarter of this year (1Q2020) by 31% year on year to RM3.39 billion, from RM4.91 billion.

An analysis that inclu...

Malaysian companies slash dividends by nearly a third in 1Q2020 

WILL Top Glove Corp Bhd, whose share price has risen 440% year to date, see its market capitalisation (cap) surpass that of Southeast Asia’s largest bank — DBS Group Ltd?

Well, some glove bulls think that is a possible scenario.

Of the most optimistic glove bulls, Affin Hwang ...

Can Top Glove surpass market cap of Asean’s largest bank?

Thanks to the continued craze for rubber glove stocks and the flush of liquidity, Bursa Malaysia remained as the top performing market in the ASEAN region in July.

The FBM KLCI scored a monthly 102.78 points gain or 6.8% to 1,603.75 although it tanked 25 points on the last trading day when UMNO dropped a bombshell announcing its departure from the Perikatan Nasional alliance

Political uncertainties and earnings to hog the limelight

Based on corporate announcements and news flow today, stocks in focus on Monday (Aug 3) may include: AirAsia X Bhd (AAX), Lotte Chemical Titan Holdings Bhd, CIMB Group Holdings Bhd, Tune Protect Group Bhd, YTL Hospitality Real Estate Investment Trust (YTL REIT), KPJ Healthcare Bhd, Willowglen MSC Bhd, Notion VTec Bhd, YNH Property Bhd (YNH), Top Glove Corp Bhd and Hartalega Holdings Bhd.

AAX, Lotte Chemical, CIMB, Tune Protect, YTL REIT, KPJ, Willowglen, Notion Vtec, YNH, Top Glove and Hartalega

Foreign exchange losses and wrong hedges against higher crude oil prices have pulled AirAsia X Bhd (AAX) into a massive net loss of RM549.7 million for its first quarter ended March 31, 2020 (1QFY20) — the long-haul low-cost carrier’s biggest ever quarterly loss.

AAX’s auditor Ernst & Young (E&Y) raised a red flag on its financials. The auditor announced to the stock exchange that there may be “significant doubt” over the carrier’s ability to continue as a going concern in respect to its financial position

AirAsia X posts record quarterly loss of RM549m, auditors doubt it can continue as going concern

YNH Property Bhd has completed the second issuance of perpetual securities with a nominal amount of RM87 million that carries an initial coupon rate of 6.85% per annum.

In a bourse filing, the property developer said the second issuance has no maturity date as it is under its RM750 million unrated perpetual securities programme

YNH raises another RM87m via second bond issuance

Based on corporate announcements and news flow today, stocks in focus tomorrow may include Telekom Malaysia Bhd, Luxchem Corp Bhd, KIP Real Estate Investment Trust, Tenaga Nasional Bhd, Ta Win Holdings Bhd, TRC Synergy Bhd, TCS Group Holdings Bhd, KNM Group Bhd, Axiata Group Bhd, SYF Resources Bhd, Parkson Holdings Bhd and Fraser & Neave Holdings Bhd.

TM, Luxchem, KIP REIT, TNB, Ta Win, TRC Synergy, TCS, KNM, Axiata, SYF Resources, Parkson and F&N

Escalating tensions in the Middle East and risk of a delayed easing in global interest rates could threaten Singapore’s economic rebound this year, according to the central bank’s latest review.

Singapore’s path to faster economic growth is riddled with risks

The Bank of Japan (BOJ) kept interest rates around zero on Friday and issued fresh estimates projecting inflation to stay near its 2% target in the next three years, signalling its readiness to hike borrowing costs later this year.

BOJ keeps ultra-low rates, projects inflation near 2% for years

The world’s 3,000 billionaires should pay a minimum 2% tax on their fast-growing wealth to raise £250 billion (RM1.28 trillion) a year for the global fight against poverty, inequality and global heating, ministers from four leading economies have suggested.

World’s billionaires should pay minimum 2% wealth tax, say G20 ministers

Chinese vehicle manufacturer Chery's Jaecoo marked the debut of its J7 PHEV and J8 PHEV from its new energy family at the 2024 Beijing International Automotive Exhibition.

Jaecoo marks debut of J7 PHEV, J8 PHEV at 2024 Beijing auto show

Singapore home prices grew at a slower pace last quarter and rents fell, as the city-state’s property boom began to lose steam.

Singapore home price growth slows, rents decline as market cools

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

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

Yen at its weakest in decades as BOJ meets

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

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

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

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

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

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 roll-out with new consortium partner, says RHB Research

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

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.

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

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 technology and features once considered premium into electric vehicles (EVs) as cheap as US$20,000 (RM95,525) — less than half the cost of an average new car in the US, now more than US$48,000.

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

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

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

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

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

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

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.

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