KUALA LUMPUR (June 25): MB World Group Bhd plans to develop a 6.26-acre land in Johor, a project that comprises 406 units of apartments worth RM176 million in gross development value, after securing the developmental rights to the land from its owner.

According to MB World, its wholly-o...

MB World to develop RM176m apartment project in Johor Bahru

KUALA LUMPUR (June 25): Donations to Tabung Harapan Malaysia has crossed the RM100 million mark. The tally stood at RM108.22 million as at 3pm today, barely 27 days since it was established on May 30, according to the Ministry of Finance.

According to the MoF, the donations grew 16.75% ...

Tabung Harapan collection surpasses RM100 mil

KAJANG (June 25): The Pakatan Harapan-led government will review the approvals-in-principle granted to several property developers awarded by the previous Barisan Nasional administration on direct negotiation basis to develop three parcels of land in the Klang Valley "worth hundreds of millions o...

Transport ministry to review previous land approvals related to Railway Assets Corp

KUALA LUMPUR: Prime Minister Tun Dr Mahathir Mohamad has said there are grounds to renegotiate or scale down the RM55 billion East Coast Rail Link (ECRL) project, which is currently under review. But former Keretapi Tanah Melayu Bhd (KTMB) chief executive officer (CEO) Datuk Sarbini Tijan said it...

No need for ECRL, just revive Gemas-Tumpat line — ex-KTMB CEO

KUALA LUMPUR (June 22): The Attorney-General’s Chambers (AGC)  said it will not appear for the Election Commission (EC) in any election petition case to avoid  a conflict of interest, and as such the Commission would have to engage lawyers from the Malaysian Bar.  

“The m...

AGC: EC will have to find its own lawyers

KUALA LUMPUR (June 22): The FBM KLCI gained 1.83 points or 0.1% on bargain hunting and amid fund managers' window dressing ahead of the end of 2018's second quarter.

Today, Malaysian shares also rose with a stronger ringgit in what appeared to be an immediate response to Prime Minister ...

FBM KLCI gains on window dressing as Mahathir's comment spurs ringgit

KUALA LUMPUR (June 22): Council of Eminent Persons member Tan Sri Dr Zeti Akhtar Aziz said today the Malaysian Government's decision to appoint Datuk Nor Shamsiah Mohd Yunus as the new Bank Negara Malaysia (BNM) Governor is a demonstration of respect for the central banking institution.

Zeti: Nor Shamsiah's appointment as BNM Governor demonstrates respect for institution

KUALA LUMPUR (June 22): Keretapi Tanah Melayu Bhd (KTMB) will delay the launch of its property development projects, which are worth RM6 billion over a three-year period, to next year as it seeks to resolve various issues amid the softening market, said its chief executive officer Mohd Rani Hisha...

KTMB to delay launch of RM6b property projects to next year

KUALA LUMPUR (June 22): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) is looking at various ways to reduce the cost of the second line (Line 2), which currently stands at around RM32 billion, said its chief executive officer Datuk Seri Shahril Mokhtar.

"My chat revolved on how we can reduc...

MRT Corp looking at ways to reduce RM32b Line 2 cost, says CEO

KUALA LUMPUR: Economic Affairs Minister Datuk Seri Mohamed Azmin Ali has instructed the Federal Land Development Authority (Felda), which is embroiled in several controversial deals, to undertake an “external forensic audit to get to the bottom of this”.

Without pointing to any specific...

Azmin tells Felda to undertake forensic audit

Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.

Loke says MMC Port free to sell stake to foreign firms, but govt has to be notified of shareholding changes

Dutch airspace was almost completely closed for nearly three hours late on Monday and early on Tuesday due to a technical outage of air traffic control systems, local authorities said.

Technical outage crippled Dutch air traffic for hours, authorities say

The Ministry of Finance (MOF) has registered the proposed construction of a new highway alignment that will connect Tanjung Malim to Lumut.

Confirming the matter, Menteri Besar Datuk Seri Saarani Mohamad said the construction of the highway is necessary to facilitate export logistics services through the Lumut Maritime Industrial City (LuMIC) when the High Technology Automotive Valley (AHTV) project in Tanjung Malim begins operation.

Perak proposes new highway between Tanjung Malim and Lumut

1Malaysia Development Bhd (1MDB) on Tuesday failed to transfer its case concerning its US$6.59 billion (RM31.58 billion) suit against its former president Arul Kanda Kandasamy and former Treasury secretary general Tan Sri Dr Mohd Irwan Serigar Abdullah from the Civil High Court to the Commercial High Court.

1MDB fails to transfer suit against Arul Kanda and Irwan to another court

HSBC Holdings plc has started a new round of job cuts at its Asia investment bank amid a slump in dealmaking across the region, according to people familiar with the matter.

The London-based lender cut around a dozen bankers across its investment banking division in Asia on Tuesday, one of the people said, asking not to be identified discussing a private matter.

HSBC slashes a dozen investment bankers in Asia on deals slump

The Ministry of Transport (MOT) will seek the views of various parties, including the Royal Malaysian Police and the National Security Council (MKN), in improving the security aspects of airports in the country.

MOT to get views of police, National Security Council to improve airport security, says Loke

A fire hit Copenhagen's Old Stock Exchange on Tuesday, one of the Danish capital's best-known buildings, engulfing its spire which collapsed onto the roof in a scene reminiscent of the 2019 blaze at Paris' Notre-Dame cathedral.

Fire breaks out at Copenhagen's historic stock exchange, spire collapses

Global stocks slid to two-month lows, while the dollar rose to its highest in over five months on Tuesday, after stronger-than-expected US retail sales further reinforced the view that the Federal Reserve may not rush to cut interest rates this year.

Stocks slide, dollar up as ‘higher for longer’ rate view takes root 

The Sarawak government has welcomed the appointment of Lawrence Wong as Singapore's next prime minister, while also expressing interest in studying further the republic's approach to assisting its low-income sector.

Abang Johari sees more Sarawak-Singapore collaborations under PM Wong

China’s airlines flew a record number of people in the first quarter (1Q), amid government efforts to boost the nation’s tourism sector and strong demand for holidays at home.

China air travel hits fresh record in 1Q on Lunar New Year boost

The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to Forbes Asia.

Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive

E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;

MyEG, HeiTech Padu form partnership to collaborate on IT projects

CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.

CIMB says CEO Abdul Rahman Ahmad stepping down on June 30

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.

Loke: Higher contract value awarded to HeiTech Padu due to longer extended duration

Global stocks slid to two-month lows, while the dollar rose to its highest in over five months on Tuesday, after stronger-than-expected US retail sales further reinforced the view that the Federal Reserve may not rush to cut interest rates this year.

Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

The automotive industry is not exactly the place one would want to be in the next few years.

Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.

What observers are saying as Singapore’s Lee paves way for next PM Wong

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.

Carlo Rino files draft prospectus for listing transfer to ACE Market

China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.

Iran able to 'handle situation' and spare Middle East more tension, China's foreign minister says

Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.

Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;

Bursa ends morning session lower along with regional peers

Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.

Muhyiddin seeks five-judge bench to hear criminal charges review

KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.

KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.

Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage.

EU goes on China trade offensive after getting ‘played’ 

RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.

Notion VTec aiming to extend upside movement — RHB Retail Research 

Shares of EP Manufacturing Bhd (EPMB) climbed on Tuesday and may be set for its best day in ten months after the auto parts maker signed a 10-year vehicle assembly deal with a Chinese carmaker.

Sulhi Azman

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

Sulhi Azman

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌

‌
‌