SYF Resources Bhd has received conditional approval from the Securities Commission Malaysia (SC) for a reverse takeover by M&A Securities Sdn Bhd, the stockbroking arm of Insas Bhd.

In a statement on Friday (Dec 16), the furniture maker said the reverse takeover will be carried out in tandem with various proposals.

SYF Resources gets conditional nod from SC for reverse takeover by M&A Securities

KUALA LUMPUR (Dec 16): RHB Retail Research said Ancom Logistics Bhd is poised to propel northwards after it bounced off the 21-day average line on higher volume on Thursday, hitting the 14 sen immediate resistance level.

In a trading stocks note on Friday (Dec 16), the research house sa...

Ancom Logistics poised to propel northwards, says RHB Retail Research

KUALA LUMPUR (Dec 16): RHB Retail Research said Hextar Technologies Solutions Bhd is staging a breakout above the consolidation phase after it bounced off the 21-day average line and pushed past the RM13.80 resistance level on Thursday, thereby printing a fresh “higher high” bullish structure on ...

Hextar Technologies is staging a breakout, says RHB Retail Research

VS Industry Bhd's net profit for the first quarter ended Oct 31, 2022 jumped 54% to RM60.71 million, from RM39.39 million a year earlier, due mainly to higher sales orders from existing key customers.

In a bourse filing on Friday (Dec 16), VS Industry said revenue for the quarter rose 33.7% to RM1.29 billion from RM967.99 million previously.

VS Industry sees 1Q net profit jump 54% to RM60.7m, declares 0.5 sen dividend

Cybersecurity resilience is a top priority for companies in Malaysia, as they look to defend against a rapidly evolving threat landscape, according to technology firm Cisco.

In its "Security Outcomes Report" released recently, Cisco identified the top seven success factors that boost enterprise security resilience, with a particular focus on cultural, environmental, and solution-based factors that businesses leverage to achieve security.

Cybersecurity resilience a top priority for Malaysian firms, says Cisco

KUALA LUMPUR (Dec 16): RHB Investment Bank Research said investors should be looking actively at opportunities to build equity positions on weakness.

In a strategy note on Friday (Dec 16), RHB’s Alexander Chia said opportunities should abound, given the volatile market trends in the com...

Equity markets will retain a propensity for volatility in 1H2023, says RHB IB

Investors in Malaysia are still expecting improved investment performance, despite an increasingly challenging economic backdrop, according to the Schroders Global Investor Study 2022.

In a statement on Thursday (Dec 15), Schroders said its flagship study, which surveyed close to 24,000 people who invest from 33 locations globally, including Indonesia, Malaysia, Singapore, and Thailand, found that investors in Malaysia are also anticipating returns of 12.97% (versus 12.22% in Southeast Asia and 11.37% globally).

Investors in Malaysia still expecting improved investment performance, says Schroders

DAP veteran Lim Kit Siang has denied saying Prime Minister Datuk Seri Anwar Ibrahim’s leadership will collapse within one year.

He said there was a fake social media message in circulation, which said: “Lim Kit Siang ramal Anwar akan tumbang dalam tempoh setahun."

Kit Siang denies saying Anwar’s leadership will collapse within one year

KUALA LUMPUR (Dec 15): A record total of 533 journalists are currently detained worldwide, according to the annual round-up of violence and abuses against journalists published by Reporters Without Borders (RSF).

In a statement on Wednesday (Dec 14), RSF said last year’s record has been...

RSF: Record total of 533 journalists are currently detained worldwide

KUALA LUMPUR (Dec 15): RHB Retail Research said Aemulus Holdings Bhd is set to propel northwards as it staged a breakout above the recent high of 48.5 sen on Wednesday on surging trading volume, forming a “higher high” bullish structure.

In a trading stocks note on Thursday (Dec 15), th...

Aemulus set to propel northwards, says RHB Retail Research

Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).

Berkshire has record profit, cash soars to US$189b as Apple stake sinks

Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

Fahmi: Foreign media reports not true as Cabinet yet to discuss price hike for petrol and diesel

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Hong Kong issues 2024’s first red storm signal amid flooding

Indonesia will permanently relocate the entire population of an island in North Sulawesi province because a volcano is threatening their safety.

Indonesia’s Ruang becomes ghost island as volcano erupts

The flight instructor and trainee of the Cessna 172 (9M ADA) type training aircraft which crashed in an oil palm plantation in Besout 2 Tambahan plantation, Sungkai near here have been identified as Captain Shahrul Imran Surea, 26, and Ho Jia Lee, 20.

Survivors of Sungkai plane crash identified

The Civil Aviation Authority of Malaysia (CAAM) has confirmed that a Cessna 172N Skyhawk aircraft with the registration number 9M-ADA crashed near Felda Gunung Besout, Sungkai, Perak on Saturday.

CAAM confirms Cessna 172N Skyhawk aircraft crashed near Felda Gunung Besout

The Melaka state government is setting its sights on bolstering its local business landscape by encouraging more companies in the state to be listed on Bursa Malaysia.

Melaka aims to boost local businesses, eyes more listings on Bursa Malaysia

The government is currently studying the proposal from marine robotics company Ocean Infinity to resume the search for Malaysia Airlines Flight MH370, which went missing while en route to Beijing 10 years ago.

Loke: Govt studying Ocean Infinity's proposal to resume search for MH370

Construction work on the East Coast Rail Link (ECRL) project in Kelantan, Terengganu, Pahang and Selangor has reached an average of 65% as of April, said Transport Minister Anthony Loke.

Progress of ECRL project in four states reaches 65%, says Loke

A training aircraft crashed in the Besout 2 Tambahan plantation area in Sungkai on Saturday.

Light aircraft crashes in Sungkai, two passengers survive

Berkshire Hathaway Inc posted a record quarterly profit on Saturday, boosted by strength in its insurance operations, and appears to have sold a significant number of Apple shares as its cash stake swelled to US$189 billion (RM895.86 billion).

Communications Minister Fahmi Fadzil on Saturday said the Cabinet has not discussed about a price hike for petrol and diesel yet.

Hong Kong issued its first red rainstorm warning of the year on Saturday as downpours caused flooding in areas of the territory, shutting roads and disrupting public transportation.

Surin Murugiah

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