With the blanket loan moratorium set to end on Sept 30, banks are ready to assist borrowers affected by Covid-19 with repayment plans and other arrangements appropriate to their specific circumstances, said Bank Negara Malaysia.

BNM: Borrowers eligible for loan repayment flexibility can apply from Aug 7

The Federation of Malaysian Manufacturers (FMM) has called on banks to consider making the process for the restructuring of loan repayments be made simple and seamless, given it is based on the individual banks’ commitment and not a directive from the government.

FMM hails targeted loan moratorium extension, reiterates call for more assistance to businesses

Telekom Malaysia Bhd (TM) has confirmed that its managing director cum group chief executive officer Datuk Noor Kamarul Anuar Nuruddin has resigned, and that Imri Mokhtar has returned to the group to take over the helm.

TM confirms MD Noor Kamarul's resignation, Imri Mokhtar to take over

SYF Resources Bhd said it is injecting some RM30 million into one of its residential development projects to expedite the construction progress.

SYF said the Alstonia Residence project in Kajang is being undertaken by Darul Majumas Sdn Bhd, which is 75% owned by the group via its indirect subsidiary SYF Development Sdn Bhd.

SYF Resources injects RM30m into ongoing residential project

KUALA LUMPUR (July 28): Bursa Malaysia Securities Bhd has publicly reprimanded Bertam Alliance Bhd for failing to make timely announcements over several land transactions that took place in 2015 and 2016, as well as for failing to obtain shareholders' approval prior to one of the deals. ...

Bursa reprimands Bertam Alliance, seven directors for failing to make timely announcements

Oversea Enterprise Bhd (OEB), which received an unusual market activity (UMA) query from Bursa Malaysia today, said it is not aware of any reasons that could explain the sharp rises in its share price and volume recently.

Oversea Enterprise says major shareholder in stake sale talks with potential investor

Based on corporate announcements and news flow today, stocks in focus tomorrow may include Bursa Malaysia Bhd, Cycle and Carriage Bintang Bhd, Syarikat Takaful Malaysia Keluarga Bhd, RHB Bank Bhd, Sunway Bhd, Green Ocean Corp Bhd, Press Metal Aluminium Holdings Bhd, XOX Bhd, Key Alliance Group Bhd, Dagang NeXchange Bhd, Sime Darby Plantation Bhd, Axiata Group Bhd, ConnectCounty Holdings Bhd, Ranhill Utilities Bhd and AWC Bhd.

Bursa Malaysia, Cycle and Carriage Bintang, Syarikat Takaful, RHB, Sunway, Green Ocean, Press Metal, XOX, Key Alliance Group, Dagang NeXchange, Sime Darby Plantation, Axiata, ConnectCounty, Ranhill and AWC

Bursa Malaysia Bhd says the recent rush in retail participation that helped drive the strong rally in the local market, is largely due to a reallocation of cash by investors due to the current low-interest environment, and not fuelled by debt.

Bursa says retail-driven rally not debt-fuelled, will remain vigilant

Despite the deferment of planned IPO listings this year, Bursa Malaysia Bhd said it is looking to launch more innovative derivative products during the year, as part of its operational strategy forward.

Bursa looks to introducing more derivatives amid lacklustre listing year

Cable and wire manufacturer ConnectCounty Holdings Bhd said today it has ceased all negotiations pertaining to the possible reverse takeover exercise involving S5 Systems Sdn Bhd.

ConnectCounty says RTO deal with S5 Systems is off

Malaysia Airlines is offering affected customers a one-time change to their travel itinerary free of charge, or opt for a full refund, irrespective of their fare family, due to Indonesia’s Mount Ruang volcanic eruption.

Volcanic eruption: Malaysia Airlines offers one-time change or full refund to affected passengers

Norway’s US$1.6 trillion (RM7.65 trillion) sovereign wealth fund underperformed its benchmark in the first quarter, with returns coming up short for a second consecutive report.

Norway's US$1.6 tril fund misses benchmark with 6.3% return

China's former deputy central bank governor, Fan Yifei, was charged with illegally accepting property totalling more than 386 million yuan (US$53.32 million or RM253.02 million), directly or through his relations, China's state television CCTV reported on Thursday.

Former PBOC deputy governor charged with illegally accepting US$53.3 mil in property

The Farmers' Organisation Authority (LPP) will apply for an additional quota of local white rice if the existing allocation is insufficient to overcome the shortage in the market, said its director general  Datuk Azulita Salim.

Govt to get request for additional local white rice quota if needed

(April 18): The world’s largest crypto exchange Binance has converted the entire pool of assets held in an emergency fund for users into USDC, the stablecoin issued by US firm Circle Internet Financial.

Binance converts its billion-dollar ‘Safu’ emergency fund into stablecoin USDC

Bursa Malaysia continued its upbeat momentum to end higher for the second straight day on Thursday, due to an improvement in sentiment and a resurgence in bargain-hunting following the recent downturn, said an analyst.

Bursa closes higher on improved sentiment, bargain hunting

Perikatan Nasional (PN) has welcomed the government's decision to allocate funds to elected representatives from the opposition.

Opposition Leader Datuk Seri Hamzah Zainudin, in a statement on Thursday, however, said that PN will decide on the matter after perusing the terms of the draft memorandum of understanding (MOU) being prepared by the government.

PN welcomes govt's decision to extend allocations to opposition reps

Two German-Russian nationals have been arrested in Germany on suspicion of plotting sabotage attacks, including on US military facilities, in an effort to undermine military support for Ukraine, officials said on Thursday.

Germany arrests two for alleged military sabotage plot on behalf of Russia

Finance Minister II Datuk Seri Amir Hamzah Azizan held a bilateral discussion with Indonesia’s Finance Minister Sri Mulyani Indrawati in Washington, the US, including on Islamic finance and the halal industry.

Amir Hamzah, Indonesian counterpart discuss Islamic finance, halal industry in Washington

Discover Financial Services on Wednesday reported a 68% drop in first-quarter profit, as the lender set aside more in rainy-day funds to cover for potential credit losses amid an uncertain economy.

Discover Financial's profit falls on higher loan loss provisions

The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).

Malaysia's aviation industry at risk amid full-blown crisis in Middle East — Maybank IB

Shares of PIE Industrial Bhd extended its rally to a new all-time high on Thursday, after Kenanga Investment Bank flagged that the electronic services firm has secured a new client that will take up the entirety of its largest facility.

PIE Industrial extends rally to new all-time high as Kenanga flags new client

Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.

Malaysia Airlines, AirAsia cancel flights to Sabah, Sarawak after volcano eruption in Indonesia

Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.

Google fires workers protesting US$1.2b Israeli contract

The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.

Singapore loses ‘world’s best airport’ crown to Qatar

Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.

Feytech inks underwriting agreement with TA Securities, AmInvestment en route to Main Market IPO  

Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).

Stop buying gold ETF as prices may correct — Philip Capital

The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

Federal Court dismisses MBPJ’s appeal on residents' boom gate operation

Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.

Sin-Kung Logistics launches ACE Market IPO to raise RM39.5 mil

Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.

Apple CEO to meet Singapore leader to wrap whirlwind Asia tour

President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.

Biden calls China ‘xenophobic’, ramping up 2024 campaign rhetoric

KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Smart Asia Chemical inks underwriting agreement with Mercury Securities en route to ACE Market IPO

Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income.

Analysts remain sanguine on IGB REIT’s prospects going forward

Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.

HLIB: Cloudpoint well positioned to capitalise burgeoning demand for cyber security solutions

Elon Musk said some of the severance packages sent to former Tesla Inc employees as part of its biggest-ever workforce reduction were too low.

Musk apologises for ‘incorrectly low’ Tesla severance packages

KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.

OB Holdings gets approval for ACE Market IPO, targets listing in 4Q

Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;

Bursa mixed at midday break, key index up

Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.

Google lays off employees, shifts some roles abroad amid cost cuts

The Malaysian Bar argued in court that its challenge against Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi's conditional discharge is not academic as it may determine the fate of the Yayasan Akalbudi graft case.

Malaysian Bar: Legal challenge around Zahid's DNAA not academic

Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.

Lai Ying Yi

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